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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 Insecticides India appoints company secretary and compliance officer
Apr 18,2017

Insecticides India announced that the Board of Directors has appointed Sandeep Kumar as Company Secretary and Compliance Officer of the Company, w.e.f. 18 April 2017.

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Board of Sumeet Industries approves change in directorate
Apr 18,2017

Sumeet Industries announced that the Board of Directors at its meeting held on 18 April 2017 has considered and approved inter-alia the following:

1. Shankarlal Somani will now designated as Non-Executive Chairman of the company w.e.f. 01 April 2017.

2. Sumeet Kumar Somani, Executive Director of the company will act as Managing Director of the Company w.e.f. 01 April 2017 subject to approval of the Shareholders.

3. Abhishek Gupta, Chartered Accountant has appointed as CFO of the company.

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Outcome of board meeting of Yuvraaj Hygiene Products a
Apr 18,2017

Yuvraaj Hygiene Products announced that the Board of Directors at its meeting held on 18 April 2017 has approved the following -

Allotment of 74,38,000 warrants convertible into equity shares of Re 1 each of the Company at an issue price of Re 1 per share to Benu Kampani, Promoter of the Company, on preferential basis.

Allotment of 35,23,000 equity shares of Re 1 each at par to Benu Kampani, Promoter upon conversion of 35,23,000 warrants issued on preferential basis upon part conversion of outstanding loan payable to her equivalent to balance 75% of the issue price of the said warrants.

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Board of Navigant Corporate Advisors accepts resignation of directors
Apr 18,2017

The Board of Navigant Corporate Advisors at its meeting held on 18 April 2017 has accepted the resignation of Amit Lahoti and Anita Lahoti from the office of Non Executive Non Independent Directors of the company.

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Monsoon Seasonal Rainfall likely to be 96% of the Long Period Average
Apr 18,2017

The first stage forecastn++ of Southwest monsoon seasonal rainfall was issued by Indian Meteorological Department(IMD) in New Delhi today.n++ IMD has forecast that quantitatively, the monsoon seasonal rainfall is likely to be 96% of the Long Period Average (LPA) with an error of n++ 5%. Forecast assessment suggests 38% of probability for near normal monsoon rainfall.

n++IMD issues various monthly and seasonal forecasts of rainfall for the southwest monsoon season (June to September). Operational forecasts for the southwest monsoon season rainfall are issued in two stages. The first stage forecast has been issued today and the second stage forecast will be issued in June. These forecasts are prepared using state-of-the-art Statistical Ensemble Forecasting system (SEFS) that is critically reviewed and improved regularly through in-house research activities. Since 2012, IMD has been using the dynamical global climate forecasting system (CFS) model, which was developed under the Monsoon Mission. The original coupled ocean-atmospheric model framework of CFS was adopted from the National Centres for Environmental Prediction (NCEP), USA. The CFS model was further modified to provide improved rainfall forecasts over the Indian monsoon region through research efforts taken up under the Monsoon Mission.

The forecast for 2017 southwest monsoon rainfall over the country as a whole based on both the SEFS and the Monsoon Mission Climate Forecasting System (MMCFS) are as follows. IMDs SEFS model for the April forecast uses the following 5 predictors that require data monitored up to March.

S. NoPredictorPeriod1

Then++ Sea Surface Temperature (SST) Gradient

December + January

between North Atlantic andn++ North Pacific2

Equatorial South Indian Ocean SST

February

3

East Asia Mean Sea Level Pressure

February + March

4

Northwest Europe Land Surface Air Temperature

January

5

Equatorial Pacific Warm Water Volume

February + March

Sea Surface Temperature (SST) Conditions in the equatorial Pacific & Indian Ocean

The weak La Nina conditions developed in the later part of the last monsoon season peaked in December 2016 and started weakening thereafter. Currently, neutral conditions are prevailing over the equatorial Pacific. The atmospheric conditions over the Pacific also reflect neutral El Nino conditions. The latest forecast from MMCFS indicates weak El Nino conditions to develop during the latter part of the monsoon season. However, there is no one to one relationship between El Nino and Indian Monsoon. For example, during 34% of El Nino years, monsoon season rainfall was normal or above normal.

At present, neutral Indian Ocean Dipole (IOD) conditions are prevailing over the Indian Ocean. The latest forecast from the MMCFS indicates weak positive IOD conditions are likely to develop during the middle of the monsoon season and to persist for some more months subsequently. Positive IOD conditions are likely to be favourable for a normal/above normal monsoon.

As the extreme sea surface temperature conditions over the Pacific particularly El Nino conditions over the Pacific (El Nino or La Nina) and positive IOD development over the equatorial Indian Ocean are known to have strong influence on the Indian summer monsoon, IMD is carefully monitoring the sea surface conditions over the Pacific and Indian oceans.

Forecast For the 2017 Southwest monsoon Season (June - Season) rainfall over the Country as a whole n++

n++ n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Monsoon Mission Coupled Forecasting System (MMCFS) based Assessment

For generating the forecast for the 2017 southwest Monsoon season rainfall, atmospheric and oceanic initial conditions during March 2017 were used. The forecast was computed as the average of the 44 ensemble members. The forecast based on the MMCFS suggests that the monsoon rainfall during the 2017 monsoon season (June to September) averaged over the country as a whole is likely to be 96% n++ 5%of the Long Period Average (LPA).

n++ n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Forecast Based on the Operational Statistical Ensemble Forecasting System (SEFS)

Quantitatively, the monsoon seasonal rainfall is likely to be 96% of the Long Period Average (LPA) with a model error of n++ 5%. Further, forecasts for the seasonal rainfall for the country suggest 38% probability for near normal rainfall scenario.

Summary of the Forecast for the 2017 southwest monsoon Rainfall

1. n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Quantitatively, the monsoon seasonal rainfall is likely to be 96% of the Long Period Average (LPA) with an error of n++ 5%.

2. n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Forecast assessment suggests 38% of probability for near normal monsoon rainfall

IMD will issue the update forecasts in early June, 2017as a part of the second stage long range forecast of monsoon rainfall. Along with the update forecast, separate forecasts for the monthly (July and August) rainfall over the country as a whole and seasonal (June-September) rainfall over various geographical regions of India will also be issued. By that time, more information on the evolution of El Nino and IOD will be available.

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Captain Polyplast inaugurates deal with IOC
Apr 18,2017

Captain Polyplast has inaugurated the deal with IOC as Del Credere Associates cum Consignment Stockist for Polymer marketing in Gujarat state.

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Tata Consultancy Services consolidated net profit rises 4.33% in the March 2017 quarter
Apr 18,2017

Net profit of Tata Consultancy Services rose 4.33% to Rs 6622.00 crore in the quarter ended March 2017 as against Rs 6347.00 crore during the previous quarter ended March 2016. Sales rose 4.19% to Rs 29642.00 crore in the quarter ended March 2017 as against Rs 28449.00 crore during the previous quarter ended March 2016.

For the full year,net profit rose 8.30% to Rs 26357.00 crore in the year ended March 2017 as against Rs 24338.00 crore during the previous year ended March 2016. Sales rose 8.58% to Rs 117966.00 crore in the year ended March 2017 as against Rs 108646.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales29642.0028449.00 4 117966.00108646.00 9 OPM %27.4327.79 -27.3928.24 - PBDT9121.008812.00 4 36500.0033728.00 8 PBT8616.008317.00 4 34513.0031840.00 8 NP6622.006347.00 4 26357.0024338.00 8

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Tata Consultancy Services standalone net profit rises 1.83% in the March 2017 quarter
Apr 18,2017

Net profit of Tata Consultancy Services rose 1.83% to Rs 5833.00 crore in the quarter ended March 2017 as against Rs 5728.00 crore during the previous quarter ended March 2016. Sales rose 5.16% to Rs 23406.00 crore in the quarter ended March 2017 as against Rs 22258.00 crore during the previous quarter ended March 2016.

For the full year,net profit rose 2.50% to Rs 23653.00 crore in the year ended March 2017 as against Rs 23075.00 crore during the previous year ended March 2016. Sales rose 7.95% to Rs 92693.00 crore in the year ended March 2017 as against Rs 85864.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales23406.0022258.00 5 92693.0085864.00 8 OPM %28.6930.09 -29.2231.51 - PBDT7765.007634.00 2 31641.0030798.00 3 PBT7366.007250.00 2 30066.0029339.00 2 NP5833.005728.00 2 23653.0023075.00 3

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Hindustan Oil Exploration Company reports standalone net profit of Rs 9.82 crore in the March 2017 quarter
Apr 18,2017

Net profit of Hindustan Oil Exploration Company reported to Rs 9.82 crore in the quarter ended March 2017 as against net loss of Rs 1.83 crore during the previous quarter ended March 2016. Sales rose 37.41% to Rs 7.97 crore in the quarter ended March 2017 as against Rs 5.80 crore during the previous quarter ended March 2016.

For the full year,net profit rose 942.41% to Rs 36.38 crore in the year ended March 2017 as against Rs 3.49 crore during the previous year ended March 2016. Sales declined 11.71% to Rs 25.02 crore in the year ended March 2017 as against Rs 28.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7.975.80 37 25.0228.34 -12 OPM %27.35-66.55 -14.875.36 - PBDT5.51-1.27 LP 20.8010.36 101 PBT3.40-4.28 LP 11.31-1.72 LP NP9.82-1.83 LP 36.383.49 942

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Rupee retreats further
Apr 18,2017

Rupee trailed against the dollar to close lower at 64.6950/7000 per dollar on Tuesday (18 April 2017), versus its previous close of 64.5975/6050 per dollar.

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Outcome of board meeting of Silverpoint Infratech
Apr 18,2017

Silverpoint Infratech announced that the Board of Directors of the Company at its meeting held on 24 February 2017 has approved to make an investment of Rs 2 crore for the incorporation of wholly owned subsidiary companies required for growth and diversification of the business.

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Prakash Industries allots 13,77,945 equity shares
Apr 18,2017

Prakash Industries has allotted 13,77,945 equity shares on conversion of FCCBs. Consequently, the paid up share capital of the Company has increased from Rs 142.54 crore to Rs 143.92 crore.

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HCL Technologies recognised as Leader in Global Outsourcing 100TM rankings for 2017
Apr 18,2017

HCL Technologies has been recognized as a leader in the IAOP Global Outsourcing 100TM rankings for 2017, an annual listing of theworlds best service providers by the IAOPn++. Additionally, HCL has achieved the distinction of being Super Star of the Global Outsourcing 100n++, attributed to exceptional performance and scores achieved in IAOPn++ evaluation.

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V-Mart Retail opens new store in Uttar Pradesh
Apr 18,2017

V-Mart Retail has opened a new store in the state of Uttar Pradesh. The store is fashion stores. With this the tally of Uttar Pradesh is 17 composite & 43 fashion stores. This takes the total number of stores to 142 Stores in 122 Cities across 14 states, with 37 Composite Stores & 105 Fashion Stores with a total area of approx. 12.03 lakhs sq. ft.

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Electronic Interlocking - Yard Remodeling commissioned in record time of only 150 minutes
Apr 18,2017

In a significant move for high tech infrastructure with the view to improve mobility in train operations on the busiest route of Delhi Howrah section of Indian Railway network, Electronic Interlocking & massive Yard Remodeling has been commissioned at Dadri Railway Station in Uttar Pradesh which falls under Allahabad Division of North Central Railway. This project is part of ongoing process of modernization of Indian Railway network.

This Electronic Interlocking involves 318 routes adopting most Modern Signalling System with Centralized Operation controlling 45 Signals, 74 Points and 176 Track Circuits with massive yard remodeling. The another significant point is that this work has been commissioned in record time of only 150 minutes on 16th April 2017.

Dadri is a complex yard in North Central Railway spread over six kilometers on busiest route of Delhi-Howrah Section of Indian Railways and also having connectivity with National Thermal Power Corporation Power Plant and Container Depot.

With Commissioning of this, 3rd line between Aligarh-Ghaziabad section is made through Dadri Yard improving mobility in train operation which was earlier not available. This has also facilitated extension of platform No. 1, 2 & 3 and addition of new platform No. 4 at Dadri Station. All these four platforms have also been connected with new foot over bridge improving passenger amenity facilities at this station.

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