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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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BEML signs MoU with National Law School of India University
Jul 12,2017

BEML has signed a Memorandum of Understanding with National Law School of India University for capacity enhancement. By this MoU, BEML would avail the services of NLSIU inter alia for improved qualitative business documentations including Legal Consultancy Services.

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Omaxe announces resignation of director
Jul 12,2017

Omaxe announced that Lt. Gen. (Retd.) Bhupinder Singh, Independent Director has resigned from the Board of Directors on 12 July 2017.

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Kirloskar Ferrous Industries suspends operations of Mini Blast Furnance at Koppal Plant
Jul 12,2017

Kirloskar Ferrous Industries announced that one Mini Blast Furnance at Koppal plant has been suspended temporarily from 12 July 2017 onwards due to market condition.

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Kumaka Industries appoints company secretary
Jul 12,2017

Kumaka Industries has appointed Ankita Gupta as Company Secretary with effect from 12 July 2017.

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MSR India bags work order
Jul 12,2017

MSR India has bagged Rs 2 crore work order from Silicon CNC Profiles on behalf of Bharat Dynamics, Govt. of India.

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Minister of Railways Shri Suresh Prabhakar Prabhu launched various Railway initiatives
Jul 12,2017

Minister of Railways Shri Suresh Prabhakar Prabhu launched the following Initiatives:-

1. RAIL CLOUD PROJECT.

2. NIVARAN-Grievance Portal (First IT Application on Rail Cloud).

3. Cashless treatment Scheme in Emergency (CTSE) Scheme and Handing over of 1st CTSE Card.

Minister of State for Railways Shri Rajen Gohain was specially present to grace the occasion. Member Staff, Shri A.K.Mital, other Railway Board Members and senior officials were also present on the occasion. Ministry of Railways has launched the RailCloud project in association with its PSU, RailTel Corporation of India Limited.

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said, n++gEfforts are being made to bring entire Railway system on Integrated dIGITAL Platform. RailCloud is another step towards Digitization of Railways. Rail Cloud works on popular Cloud Computing system. Most Important works are done through Cloud Computing. Also, this is going to reduce the cost & data may be safely ensured on the servers. Also, another important step is Cashless Treatment Scheme in Emergency. Life Expectancy has increased, so many health problems have evolved. This scheme would improve health care facilities of Railway employees.n++h

Salient Features of the Initiatives Launched:

1.RailCloud

Indian Railway has started a strategic IT initiative, christened IR-OneICT, for enterprise wide digital single platform with an aim to improve customer satisfaction, improve revenue and effective, efficient and safe operations. To achieve the goal of single digital platform for IR a few foundational projects need to be implemented first, establishment of RailCloud is one such project. Cloud Computing is the emerging technology for faster and on demand commensurate deployment of Server resources which result in reduced cost. Accordingly, RailCloud Phase-I has been sanctioned at the cost of Rs. 53.55 Cr under PH-17, DF(3) in FY 17-18. Potential benefits to Railways after implementation of RailCloud are:

n++n++ Faster and on-demand deployment of application- RailCloud will pave the way for swifter deployment of application (within 24 hrs as compared to conventional time running into weeks and months). At the same time the cloud hardware and environment will be available for rigorous testing of the new applications.

n++n++ Optimum use of Servers and storage- The technology enables maximising the usage of the available server and storage resulting in accommodation of bigger data and more applications within same server space.

n++n++ Utilization of existing infrastructure as part of Cloud- The existing resources available with railway will be subsumed in RailCloud thereby ensuring that expenditure is minimized in acquiring new resources.

n++n++ Rapid scalability and elasticity- Server and storage space will scale up and down as per the demand. This makes the system suitable to meet the higher demand at peak hours with less expenditure.

n++n++ IT Security enhancement and Standardization: The cloud shall be equipped with security features as per the latest GOI guidelines, the security features can be updated in one go for all the applications hosted on the cloud, resulting in enhanced security and stability with less expenditure and effort.

n++n++ Cost reduction: The server and storage infrastructure will be deployed as per the requirement, resulting in substantial savings to railway as expenditure will be incurred as and when required instead of upfront shelling out money on procurement of expensive servers.

n++n++ Better User Experience: In Cloud, the server resources are constantly scaled up or down as per the no. of users logged on to the system. This ensures a better user experience to the customer.

The Managed Network and Virtual Desktop Interface (VDI) services are also being planned, in near future, for providing faster and more efficient work environment to each rail worker.

2. NIVARAN-Grievance Portaln++fFirst IT application on RailCloud

n++eNIVARAN-Grievance Portaln++f is the first IT application to be launched on the RailCloud. It is the platform for resolution of service related grievances of serving and former railway employees. The existing application was hosted on a conventional server; it has been made cloud-ready and being migrated as the first cloud application of Indian Railways. It will save significant revenue and at the same time user experience will also improve.

3. Cashless treatment Scheme in Emergency (CTSE)

Railway provides Comprehensive Health Care Facilities to its beneficiaries through in-house health Institutions, supplementing with referrals to recognized hospitals whenever necessary. The beneficiaries include retired employees and their dependent family members. Large no. of retired beneficiaries lives in the newly developed suburbs of various cities. These parts of the city are often far away from the established Railway Health Institutions. In this scenario the RELHS beneficiaries coming to Railway Health Institutions in routine is acceptable, however in emergency situations, precious time (Golden Hour) is lost in travel.

To provide immediate care to its retired employees in n++eGolden Hourn++f Railway Board has decided to roll out a n++gCashless treatment Scheme in Emergencyn++f (CTSE), in empanelled hospitals, for retired employees and their dependent family members. A web based system of communication between private hospitals and railway authorities has been developed wherein identity of the beneficiary shall be established using biometrics stored in Aadhar (UIDAI) server, eligibility shall be determined using Railway Data Base and emergency shall be verified by Railway Medical Officer based on private hospitaln++fs clinical report. The whole system is online and even the bill processing shall be online. This scheme shall provide help and succor to the retired railway employees at the time of need and at the same time will have a morale boosting effect on the serving employees.

The Scheme fulfils both the avowed objectives of the GOI; utilizing IT tools to cut the red-tape and promoting cashless transactions.

Rather than creating a separate time and resource consuming vertical the scheme has used the existing resources by bringing on board the UIDAI and ARPAN database. Railway has not incurred any capital expenditure on the scheme, M/s UTIITSL has developed the software in consultation with Railway and shall be paid on per bill processed basis. The online processing will ensure swifter disposal of bills in a transparent manner.

At present the scheme has been rolled out in four metro cities of Delhi, Mumbai, Kolkata and Chennai, based on the experience of this pilot the scheme may be extended to the whole of country.

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IndusInd Bank allots 18,965 equity shares
Jul 12,2017

IndusInd Bank has allotted 18,965 equity shares of Rs. 10/- (Rupees Ten Only) each on July 12, 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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CPI inflation dips to 1.54% in June 2017
Jul 12,2017

The all-India general CPI inflation dipped to fresh record low of 1.54% in June 2017 (new base 2012=100), compared with 2.18% in May 2017. The corresponding provisional inflation rate for rural area was 1.59% and urban area 1.41% in June 2017 as against 2.30% and 2.13% in May 2017. The core CPI inflation eased to 3.75% in June 2017 from 4.14% in May 2017. The cumulative CPI inflation was lower at 2.23% in April-June FY2018 compared with 5.67% in April-June FY2017.

Among the CPI components, inflation of food and beverages dipped to (-) 1.17% in June 2017 from (-) 0.22% in May 2017 mainly contributing to the dip in CPI inflation. Within the food items, the inflation slipped for Vegetables to (-) 16.53%, pulses and products (-) 21.92%, cereals and products 4.39%, spices (-) 0.73% and milk and products 4.15%. The inflation also declined for prepared meals, snacks, sweets etc to 4.92%, sugar and confectionery 8.74%, oils and fats 2.34% and egg (-) 0.08%. However, the inflation rose for meat and fish to 3.49%, fruits 1.98% and non-alcoholic beverages 2.81% in June 2017.

The inflation for housing declined to 4.70%, while that for miscellaneous items dipped to 3.29% in June 2017. Within the miscellaneous items, the inflation for transport and communication eased to 2.01%, education 4.39%, health 3.55% and household goods and services 3.80%, while it rose slightly for personal care and effects to 3.43% in June 2017.

The inflation for clothing and footwear eased to 4.17% in June 2017, while the CPI inflation of fuel and light was flat at 4.54% in June 2017.

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Tejas Networks to hold board meeting
Jul 12,2017

Tejas Networks will hold a meeting of the Board of Directors of the Company on 27 July 2017 to consider and approve inter alia the unaudited financial results of the Company for the quarter ended June 30, 2017.

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Avenue Supermarts to hold board meeting
Jul 12,2017

Avenue Supermarts will hold a meeting of the Board of Directors of the Company on 22 July 2017 Quarterly Results

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TV18 Broadcast to hold board meeting
Jul 12,2017

TV18 Broadcast will hold a meeting of the Board of Directors of the Company on 18 July 2017 for approval of Unaudited Financial Results for the quarter ended June 30, 2017 and Closure of Trading Window.

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Tivoli Construction to hold board meeting
Jul 12,2017

Tivoli Construction will hold a meeting of the Board of Directors of the Company on 28 July 2017 Quarterly Results

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La Opala RG to hold AGM
Jul 12,2017

La Opala RG announced that the th Annual General Meeting(AGM) of the company on 26 August 2017.

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Frontline Securities to hold AGM
Jul 12,2017

Frontline Securities announced that the th Annual General Meeting(AGM) of the company on 9 August 2017.

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SRS Real Infrastructure to hold AGM
Jul 12,2017

SRS Real Infrastructure announced that the 27th Annual General Meeting(AGM) of the company on 27 September 2017.

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