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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Board of Ushdev International to consider September quarter results
Nov 11,2016

Ushdev International announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 22 November 2016, inter alia, to consider and approve the the Un-audited Financial Results (Standalone) for the quarter and half year ended 30 September 2016.

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Board of Ushdev International to consider September quarter results
Nov 11,2016

Ushdev International announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 22 November 2016, inter alia, to consider and approve the the Un-audited Financial Results (Standalone) for the quarter and half year ended 30 September 2016.

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CBDT advancing to finalize draft forthcoming Budget for public consultations
Nov 11,2016

Initial draft of forthcoming budget is being finalized by Central Board of Direct Taxes following which it would be placed for public and industries consultations for their reactions to make it more comprehensive and inclusive, according to Chairman, CBDT, Mr. Sushil Chandra.

Chandra emphasized that the board is committed to bring in complete transparency in Indias tax administration as well as its tax policies that would be entirely friendly, leading to facilitation of businesses.

The Chairman, CBDT, however, appealed to the industry and business community not to use international tax treaties for tax avoidance, rather make use of them for facilitation of businesses in all segments of economic engagements.

Elaborating on forthcoming budget making exercise, Mr. Chandra pointed out that it has been almost finalized with few additions here and there, following which it would be taken for larger industry and public consultations so that their suggestions and recommendations relating to taxation and other such issues are absorbed in the document for optimum satisfaction of both government and industry including public.

Speaking on the occasion, Principal CCIT (International Tax & Transfer Pricing), Mr. Akhilesh Ranjan reiterated the governments resolve for bringing in absolute transparency in its tax administration and tax dispensation so that businesses flourish without obstruction to government revenues.

He emphasized that on the issue of transfer pricing, the government has been moving on the right direction, removing complexities in it and added that there is a consensus on host of such issues in G-20 group of nations in which India has begun to play a dominant role.

In his welcome remarks, Sr. Vice President, PHD Chamber, Mr. Gopal S Jiwarajka and the Chambers Direct Taxes Committee Chairman, Mr. Anil K Chopra sought fair play for all that have become participants in Indias global engagements including its growth engine. They appreciated various positive measures by the tax department that are helping India to become a preferred destination.

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Board of Joy Realty announces change in company secretary
Nov 11,2016

Joy Realty announced that the Board of Directors of the Company at its meeting held on 10 November 2016, have considered the following:

- Appointed Shruti Dinesh Shah as the Company Secretary and Compliance Officer in place of Bhavin Soni.

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Board of Joy Realty announces change in company secretary
Nov 11,2016

Joy Realty announced that the Board of Directors of the Company at its meeting held on 10 November 2016, have considered the following:

- Appointed Shruti Dinesh Shah as the Company Secretary and Compliance Officer in place of Bhavin Soni.

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Board of JBF Industries to consider September quarter and half year results
Nov 11,2016

JBF Industries announced that the Board of Directors of the Company will meet on 22 November 2016, to consider Unaudited Financial Statements for the quarter and half year ended on 30 September 2016.

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Board of JBF Industries to consider September quarter and half year results
Nov 11,2016

JBF Industries announced that the Board of Directors of the Company will meet on 22 November 2016, to consider Unaudited Financial Statements for the quarter and half year ended on 30 September 2016.

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Tata Chemicals announces resignation of director
Nov 11,2016

Tata Chemicals announced Bhaskar Bhat, Non-executive, Non Independent Director, has resigned from the Board of the Company w.e.f. 10 November 2016.

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Tata Chemicals announces resignation of director
Nov 11,2016

Tata Chemicals announced Bhaskar Bhat, Non-executive, Non Independent Director, has resigned from the Board of the Company w.e.f. 10 November 2016.

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ONGC Videsh and Petroleos De Venezuela S.A. sign two defintive agreements
Nov 11,2016

ONGC Videsh and Petroleos De Venezuela S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for facilitating redevelopment of the San Cristobal joint venture project in Venezuela on 04 November 2016.

ONGC Videsh has an equity interest of 40% in the project with PDVSA holding the balance 60%.

The agreements provides for mechanism to liquidate ONGC Videshs outstanding dividends from the project while at the same time, ONGC Videsh needs to obtain long term financing of the capital investments for implementing the Remediation Plan of the project.

The Remediation Plan aims to invigorate the field from its current production level of about 18000 bbl/ day to 27000 bbl/day by the use of water flooding technique.

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Arfin India voluntarily delist shares from Ahmedabad Stock Exchange
Nov 11,2016

Arfin India announced that the Equity Shares of the Company are voluntarily delisted from Ahmedabad Stock Exchange with effect from 10 November 2016.

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Great Eastern Shipping Company allots NCDs aggregating Rs 400 crore
Nov 11,2016

Great Eastern Shipping Company announced that the Debenture Issue Committee has, at its meeting held 11 November 2016, allotted 8.24% 4,000 Unsecured Non-Convertible Debentures of face value of Rs. 10 lakh each aggregating to Rs. 400 crore in two tranches of Rs. 200 crore each.

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Pennar slips as Q2 net profit boosted by other income
Nov 11,2016

The result was announced after market hours yesterday, 10 November 2016.

Meanwhile, the S&P BSE Sensex was down 396.80 points or 1.44% at 27,120.88.

On BSE, so far 28,000 shares were traded in the counter as against average daily volume of 51,000 shares in the past two weeks. The stock hit a high of Rs 47.95 and a low of Rs 45.25 so far during the day. The stock had hit a 52-week low of Rs 38.50 on 29 February 2016. The stock had hit a 52-week high of Rs 61.35 on 12 January 2016.

The small-cap company has equity capital of Rs 60.17 crore. Face value per share is Rs 5.

Pennar Industries consolidated net profit rose 14.06% to Rs 10.14 crore on 11.43% growth in net sales from operations to Rs 377.60 crore in Q2 September 2016 over Q2 September 2015. Other income galloped 243.33% to Rs 3.09 crore in Q2 September 2016 over Q2 September 2015. Consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 23.8% to Rs 42.30 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin improved to 11.1% in Q2 September 2016, from 10.1% in Q2 September 2015.

Pennar Industries is one of Indias leading industrial organizations offering specialized, engineered steel solutions.

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Hathway Cable & Datacom to announces September quarter and half year results
Nov 11,2016

Hathway Cable & Datacom announced that a meeting of the Board of Directors of the Company is proposed to be held on 25 November 2016, inter alia, to consider and approve the Un-audited Standalone Financial Results for the quarter and half year ended 30 September 2016 as per Indian Accounting Standard (Ind AS) in terms of SEBI Circular dated July 05,2016.

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Balmer Lawrie & Company hits new peak after board approves 3:1 bonus issue
Nov 11,2016

The announcement was made after market hours yesterday, 10 November 2016.

Meanwhile, the BSE Sensex was down 390.92 points, or 1.48%, to 27,109.43.

High volumes were witnessed on the counter. On BSE, so far 32,897 shares were traded in the counter compared with average volume of 7,197 shares in the past one quarter. The stock hit a high of Rs 887.91 so far during the day, which is a record high for the counter. The stock hit a low of Rs 820 so far during the day. The stock hit a 52-week low of Rs 491 on 29 February 2016. The stock outperformed the market over the past one month till 10 November 2016, advancing 13.45% compared with 2.01% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 20.65% as against Sensexs 0.93% fall.

The mid-cap company has an equity capital of Rs 28.50 crore. Face value per share is Rs 10.

Balmer Lawrie & Companys net profit rose 5.57% to Rs 27.63 crore on 6.54% rise in net total income from operations to Rs 427.77 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 10 November 2016.

Balmer Lawrie & Company has eight strategic business units - industrial packaging, greases & lubricants, performance chemicals, tours & travel, logistics infrastructure, logistics services, tea and refinery & oilfield services, with offices spread across the country and abroad. Over the years, the company has also grown inorganically through various joint ventures.

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