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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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Tata Teleservices (Maharashtra) applies for migration of its UAS licenses to Unified Licence
Nov 17,2016

Tata Teleservices (Maharashtra) has two Unified Access Service (UAS) licences for Mumbai and Maharashtra Service Area and these are expiring in September 2017. As per the Guidelines announced by DoT, the UAS licensing regime has been replaced with an umbrella license called Unified Licence (UL).

In view of the above, the Company has applied for migration of its UAS licences in Mumbai and Maharastra and ISP license to UL. The said UL is valid for 20 years effective 02 November 2016. There is no change in the validity of spectrum currently held by the Company as the spectrum has been delinked from UL.

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Sujana Universal Industries shifts registered office
Nov 17,2016

Sujana Universal Industries announced that in terms of Section 12(4) of Companies Act, 2013 Read with rule 27 of the Companies (Incorporation) Rules, 2014 and pursuant to the resolution passed by Management Committee of Board of Directors, the Registered Office of the Company has been shifted from H. No. 8-2-248/1/7/18, Plot No.18, Nagarjuna Hills, Punjagutta, Hyderabad - 500 082, Telangana to H.No: 5/ A, Vengal Rao Nagar, Hyderabad - 500 038, Telangana.

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Pratibha Industries bags contract for water treatment plant
Nov 17,2016

Pratibha Industries has been awarded contract by Melamchi Water Supply Development Board of Government of Nepal for capacity expansion of water treatment plant at Sundarijal for a total contract value of Nepali Rs 155 crore, equivalent to approximately, Rs 97.8 crore. The Company will implement the project through joint venture formed with local construction company within two years as per the contract terms.

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Career Point acquires 40% stake in its subsidiary - Gyan Eduventure
Nov 17,2016

Career Point has acquired 1,68,000 fully paid up equity shares (40%) of Rs. 10 each of Gyan Eduventure, the subsidiary of the Company and consequently, Gyan Eduventure has now become a wholly owned subsidiary of the Company.

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Launch of online portal for facilitating trade between India and Iran
Nov 17,2016

An Online Portal for facilitating trade between India and Iran was launched by Dr. Inder Jit Singh, Additional Secretary, Department of Commerce in the presence of H.E. Mr. Gholamreza Ansari, Ambassador of Islamic Republic of Iran, Mr. Khaleel Rahim, CMD, STC, and other Directors of STC. The Hind-Iran portal (hindirantrade.org) is a joint initiative of STC and Douman Queshm, Iran. The objective of the trade portal is to disseminate information relevant to Indo-Iran Trade, and to provide an e-marketplace for the buyers and sellers of the two countries.

Addressing the gathering at the event, Mr. Khaleel Rahim said that Iran and India have enjoyed deep social, cultural, economic and political connections and relations that have enriched both countries. The two countries have grown closer in the turbulent times at the peak of the economic sanctions against Iran, when it was India which emerged as a valuable trading partner of Iran. The portal is aimed at bridging the communication divide which the business communities face, and which are very interested in trading with each other. Mr. Gholamreza Ansari also acknowledged India as a friend who stood by Iran in tough times, and supported this initiative.

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Reliance Communications incorporates new subsidairy - Towercom Infrastructure
Nov 17,2016

Reliance Communications has incorporated a new subsidiary - Towercom Infrastructure on 17 November 2016 having registered office in Mumbai.

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Reliance Communications incorporates new subsidairy - Towercom Infrastructure
Nov 17,2016

Reliance Communications has incorporated a new subsidiary - Towercom Infrastructure on 17 November 2016 having registered office in Mumbai.

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Approval for Flexibility in use of Domestic Coal
Nov 17,2016

The Government has approved a proposal to create flexibility in the use of domestic coal.

Further, the Minister informed that the Cabinet, on 4th May, 2016, approved the proposal of the Ministry of Power for flexibility in utilization of domestic coal for reducing the cost of power generation.

As per the policy, the Annual Contracted Quantity (ACQ) of each individual coal linkage (as per respective Fuel Supply Agreements) are to be aggregated as consolidated ACQ for each State or the company owning the Central Generating Stations (CGS). For such consolidated ACQ, a Supplementary agreement shall be signed for each State/Company owning the CGS.

The mechanism envisages to reduce the cost of power generation by using coal in an optimal manner depending upon the efficiency of the generating stations. Central/State generating companies may utilize coal in its own generating stations by considering various factors such as operational efficiency of the generating stations, transportation logistics/ feasibility depending upon location of generating stations, fixed variable charges including transportation cost, relative merit order dispatch of power etc.

There shall be a flexibility, in the revised arrangement, for use of such coal amongst the generating stations of the state owned utilities, plants of other state power utilities, company owing the Central Generating Stations and Independent Power Producers, amongst each other as per the methodology issued by CEA.

A methodology for implementing the above proposal has been prepared by a committee consisting of the members from Ministries of Power, Coal and Railways, CERC, NTPC, CIL, POSOCO in consultation with the stakeholders. This methodology has been issued on 8th June, 2016.

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Globe Industrial Resources reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net profit of Globe Industrial Resources remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales remain constant at Rs 0.07 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.07 0 OPM %14.2914.29 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Real Growth Commercial Enterprises standalone net profit rises 881.82% in the September 2016 quarter
Nov 17,2016

Net profit of Real Growth Commercial Enterprises rose 881.82% to Rs 1.08 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 192.39% to Rs 102.57 crore in the quarter ended September 2016 as against Rs 35.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales102.5735.08 192 OPM %2.732.62 - PBDT1.620.20 710 PBT1.620.17 853 NP1.080.11 882

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R R Securities reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

R R Securities reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Madras Fertilizers reports standalone net loss of Rs 27.69 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Madras Fertilizers reported to Rs 27.69 crore in the quarter ended September 2016 as against net loss of Rs 8.25 crore during the previous quarter ended September 2015. Sales declined 12.91% to Rs 309.18 crore in the quarter ended September 2016 as against Rs 355.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales309.18355.00 -13 OPM %-2.443.57 - PBDT-22.22-2.78 -699 PBT-27.69-8.25 -236 NP-27.69-8.25 -236

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Nava Bharat Ventures standalone net profit declines 74.10% in the September 2016 quarter
Nov 17,2016

Net profit of Nava Bharat Ventures declined 74.10% to Rs 5.90 crore in the quarter ended September 2016 as against Rs 22.78 crore during the previous quarter ended September 2015. Sales declined 11.08% to Rs 222.75 crore in the quarter ended September 2016 as against Rs 250.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales222.75250.51 -11 OPM %10.485.91 - PBDT18.7230.13 -38 PBT10.8223.03 -53 NP5.9022.78 -74

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Consolidated Finvest & Holdings standalone net profit declines 97.58% in the September 2016 quarter
Nov 17,2016

Net profit of Consolidated Finvest & Holdings declined 97.58% to Rs 0.93 crore in the quarter ended September 2016 as against Rs 38.39 crore during the previous quarter ended September 2015. Sales rose 116.39% to Rs 1.32 crore in the quarter ended September 2016 as against Rs 0.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.320.61 116 OPM %108.336347.54 - PBDT1.4338.73 -96 PBT1.4238.72 -96 NP0.9338.39 -98

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HMT reports standalone net loss of Rs 31.14 crore in the September 2016 quarter
Nov 17,2016

Net Loss of HMT reported to Rs 31.14 crore in the quarter ended September 2016 as against net loss of Rs 24.25 crore during the previous quarter ended September 2015. Sales declined 54.78% to Rs 6.81 crore in the quarter ended September 2016 as against Rs 15.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.8115.06 -55 OPM %-394.27-164.87 - PBDT-30.49-23.50 -30 PBT-31.14-24.25 -28 NP-31.14-24.25 -28

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