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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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Mipco Seamless Rings (Gujarat) to discuss results
Aug 16,2017

Mipco Seamless Rings (Gujarat) will hold a meeting of the Board of Directors of the Company on 31 August 2017.

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Shekhawati Poly-Yarn to discuss results
Aug 16,2017

Shekhawati Poly-Yarn will hold a meeting of the Board of Directors of the Company on 19 August 2017.

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SPML Infra to convene board meeting
Aug 16,2017

SPML Infra will hold a meeting of the Board of Directors of the Company on 16 August 2017.

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Veronica Production LTD. to conduct board meeting
Aug 16,2017

Veronica Production LTD. will hold a meeting of the Board of Directors of the Company on 18 August 2017.

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TGB Banquets & Hotels to discuss results
Aug 16,2017

TGB Banquets & Hotels will hold a meeting of the Board of Directors of the Company on 18 August 2017.

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Shamrock Industrial Co to discuss results
Aug 16,2017

Shamrock Industrial Co will hold a meeting of the Board of Directors of the Company on 22 August 2017.

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Moryo Industries to hold board meeting
Aug 16,2017

Moryo Industries will hold a meeting of the Board of Directors of the Company on 19 August 2017.

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Transglobe Foods schedules board meeting
Aug 16,2017

Transglobe Foods will hold a meeting of the Board of Directors of the Company on 17 August 2017.

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Noida Medicare Centre to convene board meeting
Aug 16,2017

Noida Medicare Centre will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Prag Bosimi Synthetics to declare Quarterly Result
Aug 16,2017

Prag Bosimi Synthetics will hold a meeting of the Board of Directors of the Company on 18 August 2017.

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Talbros Automotive Components schedules board meeting
Aug 16,2017

Talbros Automotive Components will hold a meeting of the Board of Directors of the Company on 23 August 2017.

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Tech solutions in place; mind set of staff manning customer services need massive change: ASSOCHAM
Aug 16,2017

Be it a post office, not in some remote area but in big cities of Mumbai and Delhi, or a public sector bank, state-owned MTNL, BSNL or several other government owned and run organisations, the ease of doing business, especially for a small entrepreneur is missing despite a well-meaning digital drive of the government, an ASSOCHAM paper has noted with concern.

n++Experience of hundreds of small entrepreneurs trying to open a current account with a public sector bank throws a discouraging picture. For opening a current account even for a service -oriented activity of say, accounting, content -writing or giving advisory like cookery, the branch manager in several banks would still insist on registration with some state government department, even when the person does not want any incentive, favour, or even loan from any lending institution. There are bizarre cases where the branch manager would tell the person seeking current account to get a registration from the directorate of industries, when there is no intention to open any industry,n++ the paper found sharing experience of hundreds of budding entrepreneurs.

It said, the concept of n++Start-Upsn++ should not confine itself to the IIT or IIM pass outs with venture capitalists funding the ventures and making headlines in the media.

n++There are lakhs and lakhs of literate and semi-literate individuals wanting to get into the financial system, but are denied the entryn++. Despite so much stress on the financial inclusion programme of the government, opening a current account in a public sector bank is a nightmare for those who are beginners in the business. Despite all the core banking and digital solutions, the voluminous paper work remains intact.

The experience of dealing with transport authorities in different states by those seeking commercial driving licences for starting up an Uber or Ola service is equally bitter while the official cost itself is on the higher side. The skill development needs support and a friendly hand holding.

The scenario is similar in institutions like post offices. The post offices in most of the metro cities have implemented the core banking solution which enables faster and efficient service tools. But the mindset of the staff posted in these post offices remains that of a file pusher. n++ For every other transaction, they want a photo copy of some ID, even though the KYC formalities have been done; now this is no ease of doing business. n++

The ASSOCHAM Secretary General Mr D S Rawat said, the well-intentioned programme of the government can trickle down only when the staff manning the counters and their immediate supervisors are given new kind of orientation. n++For a RuPay card PIN, the post office staff would tell you to come after 10 days, 15 days and offer no online help,n++. In some of the private sector banks, the PIN can be generated automatically within minutes.

The MTNL/BSNL experience is equally bad with the consumers. n++Want to get any changes done in the plan or say from post paid to pre-paid or address change. For each of the procedures, they would insist on separate verification on a toll free number where , the staff picking up the phone is difficult to get. For each of these activities, the staff at the Sanchar Haat would insist on a separate set of Aadhar Card /PAN cardn++, with no inhouse facility for the customers. Fortunately, there are more than adequate number of alternatives available, resulting in a loss of market for the state-owned telecom operators.

The ASSOCHAM feeback at the ground level suggests that both the Centre and the states are investing heavily into technology build up; but the staff needs to be given a fresh approach.

n++Ideally, youngsters with a strong technology bent of mind should be hired and deployed in the public interface desks while the older staff finding it hard to get adapted to technology solutions can be shuffled within or outside different departments.

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Speciality Restaurants lures investors after opening new confectionary outlet
Aug 16,2017

The announcement was made after market hours on Monday, 14 August 2017.

Meanwhile, the S&P BSE Sensex was up 37.14 points or 0.12% at 31,486.17. The S&P BSE Small-Cap index advanced 82.39 points or 0.53% at 15,491.59.

On the BSE, 1,363 shares were traded on the counter so far as against the average daily volumes of 40,835 shares in the past one quarter. The stock had hit a high of Rs 116.30 and a low of Rs 114.40 so far during the day. The stock had hit a 52-week high of Rs 128 on 9 August 2017 and a record low of Rs 59.50 on 15 March 2017.

The stock had outperformed the market over the past one month till 14 August 2017, falling 1.53% compared with the Sensexs 1.79% decline. The stock had also outperformed the market over the past one quarter, gaining 29.52% as against the Sensexs 4.18% rise. The scrip had also outperformed the market over the past one year, gaining 30.27% as against the Sensexs 11.71% rise.

The small-cap company has equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants announced that the company has opened a new Sweet Bengal confectionery located at Shop No. 3, Chapel Avenue Premises Co-op. Society Ltd., Plot No. 68, Chapel Road, Opp. Mount Carnels Church, Bandra West, Mumbai with effect from 14 August 2017.

Speciality Restaurants reported net loss of Rs 9.71 crore in Q4 March 2017, higher than net loss of Rs 4.03 crore in Q4 March 2016. Net sales declined 8% to Rs 69.49 crore in Q4 March 2017 over Q4 March 2016.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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Mcdowell Holdings appoints Chairman
Aug 16,2017

Mcdowell Holdings has appointed Mr. M. S. Kapur, an Independent Director of the Company as the Chairman of the Company with effect from 14th August 2017.

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Trans Medicare outcome of board meeting
Aug 16,2017

Trans Medicare at the board meeting held on 14th August 2017 has approved to change the name of the Company subject to the approval of the ROC and the shareholders of the company and decided to issue further shares on 1:1 rights issue.

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