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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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Hikal fixes record date for interim dividend
Feb 01,2017

Hikal has fixed Record Date as 14 February 2017 to ascertain the shareholders of the Company entitled for the payment of Interim Dividend.

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Balkrishna Industries fixes record date for 3rd interim dividend
Feb 01,2017

Balkrishna Industries has fixed 20 February 2017 as the Record Date for the purpose of Payment of Third Interim Dividend, if declared.

Payment thereof shall be credited /dispatched on or after 23 February 2017.

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Board of Cummins India declares interim dividend
Feb 01,2017

Cummins India announced that the Board of Directors of the Company at its meeting held on 01 February 2017, have declared an interim dividend of Rs. 5/- per equity share on 277,200,000 equity shares of Rs. 2/- each for the Financial Year 2016-17. The dividend warrants for the said interim dividend will be dispatched by 27 February 2017 and the dividend will be paid on 01 March 2017.

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Cummins India fixes record date for interim dividend
Feb 01,2017

Cummins India has fixed 11 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Bosch fixes record date for interim dividend
Feb 01,2017

Bosch has fixed 18 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

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Gayatri Projects fixes record date for sub-division of shares
Feb 01,2017

Gayatri Projects has fixed 13 February 2017 as the Record Date for the purpose of Sub-Division of Rs. 10/- per equity share of the Company into 5 equity shares of Rs. 2/- each.

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Board of National Fittings to consider interim dividend
Feb 01,2017

National Fittings announced that a proposal of an Interim Dividend for the Financial year 2016 - 2017 would be considered at the Board Meeting to be held on 09 February 2017.

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Hotel stocks gain as FM proposes special tourism zones
Feb 01,2017

CHL (up 4.8%), Jindal Hotels (up 0.99%), Indian Hotels Company (up 2.64%), Viceroy Hotels (up 2.33%), Taj GVK Hotels (up 1.8%), EIH (up 1.87%), Oriental Hotels (up 2.88%) gained. Hotel Leela Venture was unchanged at Rs 16.65. Royal Orchid Hotel (down 1.6%) and EIH Associated Hotels (down 1.29%) declined.

Meanwhile, the S&P BSE Sensex was up 485.68 points, or 1.76%, to 28,141.64

The Finance Minister proposed special purpose vehicle (SPV) with funding from both the government and the private sector to trigger investment into the special tourism zones (STZs).

Saying that tourism sector is a major employment generator with multiplier effect, the Finance Minister also mentioned that next level of Incredible India brand marketing campaign, Incredible India 2.0, will be unleashed in the international market.

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Sarthak Global announces resignation of CFO
Feb 01,2017

Sarthak Global announced that Sunil Gangrade has resigned from the post of Chief Financial Officer (CFO) of the Company from the closing hours of 31 January 2017.

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Cox & Kings owned MEININGER expands its hotel in Amsterdam City West
Feb 01,2017

Cox & Kings owned MEININGER hotel group signed an agreement for the third expansion phase of its Amsterdam City West hotel. By spring 2018, the MEININGER Amsterdam City West hotel will increase its bed capacity from 1177 units to 1585 beds.

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North Eastern Carrying Corporation announces resignation of director
Feb 01,2017

North Eastern Carrying Corporation announced the resignation of Vanya Jain from the post of Non-Executive Director of the Company with effect from 31 January 2017.

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Total allocation for Infrastructure Development stands at Rs. 3,96,135 crores in 2017-18
Feb 01,2017

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today informed that the total allocation for infrastructure development in 2017-18 stands at Rs. 3,96,135 crores. In the road sector, the Budget allocation has been stepped up for Highways from Rs. 57,976 crores in BE 2016-17 to Rs. 64,900 crores in 2017-18. Further, 2,000 kms of coastal connectivity roads have been identified for construction and development to facilitate better connectivity with ports and remote villages.

The Finance Minister,Shri Arun Jaitley in his Budget Speech, stated that the total length of roads, including those under Pradhan Mantri Gram Sadak Yojana (PMGSY), built from 2014-15 till the current year is about 1,40,000 kms which is significantly higher than previous three years. Further, Shri Jaitley informed that a specific programme for development of multi-modal logistics parks, together with multi modal transport facilities, will be drawn-up and implemented that will make our economy more competitive.

Speaking on upgradation of Civil Aviation infrastructure, Shri Jaitley said that the Select airports in Tier 2 cities will be taken up for operation and maintenance in the PPP mode. Further, Airport Authority of India Act will be amended to enable effective monetization of land assets. The resources, so raised, will be utilized for airport upgradation. For transportation sector as a whole, including rail, roads, shipping, the Budget provides Rs. 2,41,387 crores in 2017-18. This magnitude of investment will spur a huge amount of economic activity across the country and create more job opportunities, the Finance Minister said in his Budget speech.

Calling Telecom sector as an important component of the infrastructure eco-system, Shri Jaitley noted that the recent spectrum auctions have removed spectrum scarcity in the country. This will give a major fillip to mobile broadband and Digital India for the benefit of people living in rural and remote areas. Further, for the BharatNet Project, the allocation has been stepped up to Rs.10,000 crores in 2017-18 and 1,55,000 kms of Optical Fiber Cables have been laid. Shri Jaitley informed that by the end of 2017-18, high speed broadband connectivity on optical fiber will be available in more than 1,50,000 gram panchayats, with wifi hot spots and access to digital services at low tariffs. A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology, he added.

For strengthening our Energy sector, the Government has decided to set up Strategic Crude Oil Reserves. In the first phase, 3 such Reserve facilities have been set up and in the second phase, it is proposed to set up caverns at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan. This will take the countrys strategic reserve capacity to 15.33 MMT. Further, the Finance Minister, in his Budget speech, proposed to create an integrated public sector oil major which will be able to match the performance of international and domestic private sector oil and gas companies. In solar energy, the second phase of Solar Park development is proposed to be taken up for additional 20,000 MW capacity, Shri Jaitley added.

The Finance Mini9ster Shri Jaitley further stated that the Government is creating an ecosystem to make India a global hub for electronics manufacturing. Over 250 investment proposals for electronics manufacturing have been received in the last 2 years, totaling to an investment of Rs.1.26 lakh crores. A number of global leaders and mobile manufacturers have set up production facilities in India, hence the Finance Minister said that allocation for incentive schemes like M-SIPS and EDF have been exponentially increased to an all-time high of Rs. 745 crores in 2017-18. Further, a new and restructured Central scheme, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to focus on our export infrastructure in a competitive world.

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Eicher Motors announces sales figures of subsidiary - Commercial Vehicles
Feb 01,2017

Eicher Motors announces sales volume of its unlisted subsidiary - VE Commercial Vehicles for month of January 2017. Total sales stood at 4515 units in January 2017 compared to 3768 units in January 2016, recording a growth of 19.82%.

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Eicher Motors announces sales figures of subsidiary - VE Commercial Vehicles
Feb 01,2017

Eicher Motors announces sales volume of its unlisted subsidiary - VE Commercial Vehicles for month of January 2017. Total sales stood at 4515 units in January 2017 compared to 3768 units in January 2016, recording a growth of 19.82%.

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Majesco allots 8973 equity shares
Feb 01,2017

Majesco announced that at a meeting of Investor Grievances and Stakeholder Relationship Committee of the Board of Directors of the Company, held on 01 February 2017 has allotted 8973 Equity Shares of Rs. 5/- each (Face Value) to the eligible employees who exercised their vested options under the Companys Employee Stock Option Schemes (ESOP). The said equity shares shall rank pari-passu with the existing equity shares of the Company in all respects with the existing equity shares of the Company.

Resultantly, the paid up share capital of the Company stands increased to 2,33,41,221 Equity Shares amounting in aggregate to Rs. 11,67,06,105/-

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