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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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Sylph Education Solutions to hold AGM
Jul 17,2017

Sylph Education Solutions announced that the 7th Annual General Meeting(AGM) of the company on 11 August 2017.

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Sylph Education Solutions to hold board meeting
Jul 17,2017

Sylph Education Solutions will hold a meeting of the Board of Directors of the Company on 17 July 2017.

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Anti-Dumping Duty on Steel Imports
Jul 17,2017

The Government had imposed anti-dumping duty ranging from 4.58% to 57.39% of landed value on Cold Rolled Flat Products of Stainless Steel from China, Korea, European Union, South Africa, Taiwan, Thailand and USA on 17 April 2014.

Anti-dumping duty on the above items were further extended by five more years as per Government notification dated 11.12.2015. After a sunset review, it was found that:-

(i) there is continued dumping of these goods from above mentioned countries/territories though the volume of imports has declined;


(ii) the performance of the domestic industry has deteriorated in the current injury period due to the impact of the dumped imports from these countries; and


(iii) the dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, if the anti-dumping duty is revoked.

Anti-dumping duty is imposed on the basis of margin of dumping which can vary across countries, producers or exporters. Accordingly, there are variable rates of anti-dumping duty on different exporting countries, producers or exporters. Details of country-wise duty imposed are given below-

S. No.CountryADD as % of landed value

1

Peoples Republic of China

57.39%

2

Korea RP

5.39% to 13.44%

3

Chinese Taipei

15.93%

4

South Africa

12.34% to 36.91%

5

Thailand

4.58% to 5.39%

6

USA

9.47%

7

European Union

29.41% to 52.56%

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The Government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India
Jul 17,2017

The Government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India (SAIL) viz, Visveswaraya Iron and Steel Plant, Bhadravati, Salem Steel Plant, Tamil Nadu and Alloy Steel Plant, Durgapur. These three units of SAIL have been consistently making losses.

The details of the significant steps taken by SAIL to improve the financial performance of the three plants are as under:-

(i) Capital investment to improve the facilities;

(ii) Reduction in consumption level of raw materials;

(iii) Production optimization and product-mix improvement;

(iv) Improvement in techno-economic parameters;

(v) Waste management;

(vi) Strict control on demurrage expenses;

(vii) Reduction in inventory of finished/semi-finished products, stores & spares and raw materials, etc;

(viii) Reduction in logistic cost for transportation of Raw Materials and Finished Steel; and

(ix) Reduction in specific power and water consumption.

The entire process of the strategic disinvestment is to be carried out with the help of Transaction Adviser (TA), Legal Adviser (LA) and Asset Valuer (AV) who would advise on appropriate mechanism of disinvestment.

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Total Hospitality announces resignation of company secretary and compliance officer
Jul 17,2017

Total Hospitality announced that Garima Munjal has resigned from the post of Company Secretary and Compliance Officer with effect from 17 July 2017.

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Tata Consultancy Services partners with Zions Bancorporation
Jul 17,2017

Tata Consultancy Services announced that Zions Bancorporation has gone live on TCS BaNCS for core banking with successful transition of Zion Bancorporations consumer lending business over to the TCS BaNCS platform.

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Allsec Technologies to hold AGM
Jul 17,2017

Allsec Technologies announced that the 18th Annual General Meeting(AGM) of the company on 10 August 2017.

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Greenply Industries to hold board meeting
Jul 17,2017

Greenply Industries will hold a meeting of the Board of Directors of the Company on 2 August 2017 to consider, approve and take on record the Un-audited financial results of the Company for the quarter ended on 30th June, 2017.

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Suryo Foods & Industries to hold board meeting
Jul 17,2017

Suryo Foods & Industries will hold a meeting of the Board of Directors of the Company on 28 July 2017 Unaudited Financial Results of the Company for the Quarter ended 30th June,2017

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Rainbow Denim to hold board meeting
Jul 17,2017

Rainbow Denim will hold a meeting of the Board of Directors of the Company on 4 August 2017 Unaudited Financial Results for the Quarter ended 30th June, 2017.

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NR Agarwal Industries to hold board meeting
Jul 17,2017

NR Agarwal Industries will hold a meeting of the Board of Directors of the Company on 28 July 2017 to inter alia approve the Unaudited Financial Results for the quarter ended 30th June, 2017.

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Haldyn Glass to hold board meeting
Jul 17,2017

Haldyn Glass will hold a meeting of the Board of Directors of the Company on 27 July 2017 to consider and approve the reappointment of Managing Director and Executive Chairman, Directors Report, Corporate Governance Report and Notice Convening Annual General Meeting.

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Ashima to hold AGM
Jul 17,2017

Ashima announced that the 34th Annual General Meeting(AGM) of the company on 11 August 2017.

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Gujarat State Financial Corporation announces change in directorate
Jul 17,2017

Gujarat State Financial Corporation announced the appointment of Hurbert Christian, Financial Advisor (Ind.), Finance Department, on the Board of Directors of the Corporation in place of CJ Macwan vide Government of Gujarat order dated 14 July 2017.

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ICICI Bank allots 20,935 equity shares
Jul 17,2017

ICICI Bank has allotted 20,935 Equity shares under ESOS on 13 July 2017.

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