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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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BPL to convene AGM
Aug 16,2017

BPL announced that the 53th Annual General Meeting (AGM) of the company will be held on 20 September 2017.

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Board of Hinduja Global Solutions recommends dividend
Aug 16,2017

Hinduja Global Solutions announced that the Board of Directors of the Company at its meeting held on 11 August 2017, inter alia, have recommended the dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Nexus Commodities & Technologies schedules board meeting
Aug 16,2017

Nexus Commodities & Technologies will hold a meeting of the Board of Directors of the Company on 21 August 2017.

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Ayoki Merchantile schedules AGM
Aug 16,2017

Ayoki Merchantile announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2017.

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Rupee slips
Aug 16,2017

Thanks to increased dollar demand, the value of India Rupee lost shine on Wednesday (16 August 2017). Rupee closed lower at 64.2250/64.2325 per dollar, versus its previous close of 64.2225/2300 per dollar on Monday.

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Zee Learn appoints Company Secretary
Aug 16,2017

Zee Learn pursuant to the resignation of Ms. Hemangi Patil as Company Secretary & Compliance Officer has appointed Mr. Bhautesh Shah in the said position w.e.f. 16 August 2017.

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Veeram Ornaments CFO resigns
Aug 16,2017

Veeram Ornaments announced that Mr.Chirag Champaklal Valani, Chief Financial Officer of the Company has resigned from the position of Chief Financial Officer w.e.f 16th August 2017.

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Cabinet approves MoU between India and Sweden on IPRs
Aug 16,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval to the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property (IPRs). The MoU establishes a wide ranging and flexible mechanism through which both countries can exchange best practices and work together on training programs and technical exchanges to raise awareness on IPRs and better protect intellectual property rights. Impact: The MoU will enable India to exchange experiences in the innovation and IP ecosystems that will substantially benefit entrepreneurs, investors and businesses on both sides. The exchange of best practices between the two countries will lead to improved protection and awareness about Indias range of Intellectual creations which are as diverse as its-people. It will be a landmark step forward in Indias journey towards becoming a major player in global Innovation and will further the objectives of National IPR Policy, 2016. Features: A Joint Coordination Committee (JCC) with members from both sides will be formed to decide cooperation activities to be taken under the MoU in following areas: a) Exchange of best practices, experiences and knowledge on IP awareness among the public, businesses and educational institutions of both countries;b) Collaboration in training programmes, exchange of experts, technical exchanges and outreach activities;c) Exchange and dissemination of best practices, experiences and knowledge on IP with the industry, universities, R & D organisations and Small and Medium Enterprises (SMEs) through participation in programs and events in the matter, organized singly or jointly by the Parties;

d) Exchange of information and best practices for disposal of applications for patents, trademarks, industrial designs, copyrights and Geographical Indications, as also the protection, enforcement and use of IP rights;

e) Cooperation in the development of automation and implementation of modernization projects, new documentation and information systems in IP and procedures for management of IP;

f) Cooperation to understand how Traditional Knowledge is protected; and the exchange of best practices, including traditional knowledge related databases and awareness raising of existing IP systems;

g) Exchange of information and best practices regarding Intellectual Property law infringements in the digital environment, especially regarding Copyright issues; and

h) Other cooperation activities as may he decided by the Parties with mutual understanding.

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Setco Automotive Company Secretary resigns
Aug 16,2017

Setco Automotive announced that Mr. Bhautesh Shah, Company Secretary and Compliance Officer of the company has resigned with effect from close of working hours on August 14, 2017.

Mr. Vinay Shahane, Chief Financial Officer of the Company shall also act as the Compliance Officer of the Company.

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7.4% growth in Foreign Tourist arrivals in July 2017 over July 2016
Aug 16,2017

The following are the important highlights regarding Foreign Tourist Arrivals (FTAs) & also FTAs on e-Tourist Visa from tourism during the month of July, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in July, 2017 were 7.88 lakh as compared to FTAs of 7.34 lakh in July, 2016 and 6.28 lakh in July, 2015.

n++ The growth rate in FTAs in July, 2017 over July, 2016 is 7.4% compared to 16.8% in July, 2016 over July, 2015.

n++ FTAs during the period January- July 2017 were 56.74 lakh with a growth of 15.7%, as compared to the FTAs of 49.03 lakh with a growth of 9.6% in January- July 2016 over January- July 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during July 2017 among the top 15 source countries was highest from Bangladesh (20.12%) followed by USA (16.26%), UK (10.88%), France (3.01%), Malaysia (2.81%), Canada (2.66%), Sri Lanka (2.56%), China (2.32%), Oman (2.27%), Germany (2.21%), Australia (2.17%), Japan (2.10%), Nepal (1.84%), UAE (1.82%) and Singapore (1.69%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during July 2017 among the top 15 ports was highest at Delhi Airport (25.95%) followed by Mumbai Airport (16.63%), Haridaspur Land Check Post (10.92%), Chennai Airport (9.09%), Bengaluru Airport (6.78%), Cochin Airport (5.39%), Hyderabad Airport (5.07%),Kolkata Airport (4.23%),Gede Rail Land Check Post (2.78%), Trivandrum Airport (1.81%), Ahmedabad Airport (1.72%), Ghojadanga Land Check Post (1.54%), Tiruchirapalli Airport (1.37%), Amritsar Airport (0.97%) and Calicut Airport (0.73%).

Foreign Tourist Arrivals on e-Tourist Visa:

n++ During the month of July, 2017 total of 1.19 lakh tourist arrived on e-Tourist Visa as compared to 0.68 lakh during the month of July 2016 registering a growth of 73.3%.

n++ During January-July 2017, a total of 8.36 lakh tourist arrived on e-Tourist Visa as compared to 5.40 lakh during January-July 2016, registering a growth of 54.7%.

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during July, 2017 were as follows:

UK (12.9%), USA (12.0%), UAE (7.2%), France (6.4%), Oman (6.1%), China (5.4%), Spain (4.3%), Korea (Rep.of) (3.9%), Germany (3.1%), Australia (3.1%), Canada (3.1%), Italy (2.4%), Singapore (2.3%), Netherlands (2.2%) and Thailand (1.8%).

n++ The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during July, 2017 were as follows:

New Delhi Airport (41.0%), Mumbai Airport (20.6%), Chennai Airport (9.5%), Bengaluru Airport (7.8%), Kochi Airport (6.6%), Hyderabad Airport (5.1%), Kolkata Airport (2.2%), Ahmadabad Airport (1.4%), Trivandrum Airport (1.4%), Calicut Airport (1.2%), Amritsar Airport (1.1%), Tirchy Airport (0.8%), Dabolim (Goa) Airport (0.4%), Jaipur Airport (0.3%) and Pune Airport(0.3%).

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Healthfore Technologies outcome of board meeting
Aug 16,2017

The Board of Healthfore Technologies at the meeting held on 16th August 2017, has approved the shifting the Registered Office of the Company to Prius Platinum, Ground Floor, D3, District Centre, Saket, New Delhi with effectv from 21 August 2017 and Conversion of existing debts by issuance of Redeemable Optionally Convertible Debentures to an extent of Rs.310 Crores on private placement basis, subject to the approval of the shareholders.

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Bedmutha Industries director resigns
Aug 16,2017

Mrs. Vinita Vedmutha an Whole-Time Director of the Company has resigned from her position with effect from 14th August 2017.

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Indian Toners & Developers director expires
Aug 16,2017

Indian Toners & Developers has announced that Mr. Vikram Prakash, an Non-executive Independent Director of the Company has expired vide their letter dated 16.08.2017.

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Cabinet approves completion of balance works of North Koel Reservoir Project
Aug 16,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the proposal to complete the balance works of the North Koel Reservoir Project in Jharkhand and Bihar at an estimated expenditure of Rs.1622.27 crore to be incurred during three financial years from the start of the project.

The Cabinet also approved storage of water in dam restricted at lower level than envisaged earlier to reduce the submergence and to protect Betla National Park and Palamau Tiger Reserve.

The project is situated on North Koel river which is a tributary of Sone river finally joining the river Ganga. The North Koel Reservoir is located in the most backward tribal areas in Palamau and Garhwa districts of Jharkhand State. The construction was originally started in the year 1972 and continued till 1993 when it was stopped by the Forest Department, Govt. of Bihar. Since then, the work on dam is at a standstill. The major components of project are: 67.86 m high and 343.33 m long concrete dam called Mandal dam originally intended to store 1160 million cubic metre (MCM) water; 819.6 m long barrage at Mohammadganj, 96 km downstream of the dam; and two canals originating from left and right banks of Mohammadganj Barrage with distributaries system for irrigation. With the new lowered elevation level (EL) of 341 metre, the Mandal dam will now have storage of 190 MCM. The project aims to provide irrigation to 111,521 hectares of land annually in the most backward and drought prone areas of Palamu & Garhwa districts in Jharkhand and Aurangabad & Gaya districts in Bihar. The unfinished project as on date is providing irrigation to 71,720 hectares and completion of this project will provide additional irrigation benefit to the extent of 39,801 hectares. The irrigation potential through this Project in the two States would be as follows:

Total irrigation potential: 1,11, 521 hectares

Irrigation potential in Bihar: 91,917 hectares

Irrigation potential in Jharkhand: 19,604 hectares

The total cost of the project as assessed on date is Rs 2391.36 crore. An expenditure amounting to Rs. 769.09 crore has been incurred on the project till date. The Union Cabinet has approved the proposal for completing the balance of the North-Koel reservoir project in Jharkhand & Bihar at an estimated cost of Rs 1622.27 crore during three financial years.

The common components amounting to Rs.1013.11 crore of balance works would be funded by the Central Government as a grant from PMKSY Fund. This would include cost of Net Present Value (NPV) and Compensatory Afforestation (CA) which comes to Rs.607 crore and Rs.43 crore respectively. The Central Government will also fund 60% of the cost of balance works amounting to Rs.365.5 crore (Bihar Rs.318.64 crore and Jharkhand Rs.46.86 crore) from Long Term Irrigation Fund (LTIF) under PMKSY as grant from the States of Bihar and Jharkhand. The States of Bihar and Jharkhand will arrange 40% of remaining cost of balance works amounting to Rs.243.66 crore (Bihar 212.43 crore and Jharkhand 31.23 crore) as loan from LTIF through NABARD at the rate which is not subsidised and is related to market borrowing cost with no interest subvention.

The Cabinet also approved execution of balance works of the project on turnkey basis by M/S WAPCOS Ltd., a CPSU under MoWR, RD & GR as Project Management Consultant (PMC). The execution of the project will be monitored by an Empowered Committee of Government of India headed by CEO NITI Aayog.

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Elegant Marbles & Grani Industries Company Secretary resigns
Aug 16,2017

Elegant Marbles & Grani Industries has announced that Ms. Heena Ajay Joshi, Company Secretary (KMP) and Compliance Officer of the Company have resigned from the said position with effect from the closing hours of 16th August 2017.

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