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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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Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016
Jan 21,2017

The Government of India, in consultation with the Reserve Bank of India, had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide Notification No. S.O.4061(E) dated December 16, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016. The deposit sum, which shall not be less than twenty-five per cent of the declared undisclosed income, can be deposited at the authorized banks (as notified by Government of India) from December 17, 2016 (Saturday) to March 31, 2017 (Friday).

In this connection, it is clarified that Co-operative Banks are not authorised banks to accept deposits under PMGKDS, 2016. Para 7 (1) of the notification stands amended as under:

n++7. Authorised banks.n++(1) Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation Act, 1949 (10 of 1949) applies.n++

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Ministry of AYUSH and Advertising Standards Council of India sign MoU to co-regulate misleading advertisements in the AYUSH sector
Jan 21,2017

In order to curtail malpractices in the advertisement of AYUSH drugs, the Ministry of AYUSH has signed a MoU with the Advertising Standards Council of India (ASCI). Addressing the cases of misleading advertisements with respect to Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy drugs, treatments and related services, ASCI will comprehensively monitor these advertisements across print and electronic media. The MoU was signed by Advisor (Ayurveda), Ministry of AYUSH Dr, Dinesh Chan Katoch and Chairman, ASCI Shri Srinivasan K Swamy in the presence of Secretary AYUSH Shri Ajit M Sharan at New Delhi.

ASCI has been given a self-monitoring mandate by the Ministry of AYUSH to identify potentially misleading advertisement in the AYUSH sector and process complaints through its Consumer Complaints Council (CCC). The Ministry of AYUSH will also redirect complaints against misleading advertisements they receive, to the ASCI, which will be reviewed using ASCIs code and guidelines. The MoU also requires ASCI to report to the Ministry of AYUSH, all advertisements in potential violation of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 and Rules thereunder as well as non-compliance of ASCIs CCC recommendations for the Ministry of AYUSH to take further action.

Commenting on the partnership, Secretary, Ministry of AYUSH Sh. Ajit M. Sharan, said that the MOU is yet another important step taken by the AYUSH ministry to ensure that Indian consumers have access to safe and effective medicines. The arrangement would also ensure that any advertisement making claims for diseases and disorders, in violation of the existing regulations, are immediately brought to our attention.

Chairman, ASCI, Sh. S.K. Swamy, added that AYUSH is among top three sectors where we find a high incidence of misleading advertisements and some of the advertisements in the AYUSH sector claiming treatment of certain diseases in violation of the Drugs and Magic Remedies Regulations have been a cause of concern. ASCIs partnership with the Ministry of AYUSH will provide the necessary support to our efforts in effectively curtailing misleading advertisements in this sector.

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Bacil Pharma to announce Q3 and 9M results
Jan 20,2017

Bacil Pharma announced that the Meeting of Board of Directors of the Company will be held on 30 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Quarter and Nine Month ended 31 December 2016.

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Board of Texmaco Infrastructure & Holdings to consider Q3 and 9M results
Jan 20,2017

Texmaco Infrastructure & Holdings announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017, to consider Un-audited Financial Results of the Company for the Quarter and Nine Months ended 31 December 2016.

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Trident announces cessation of Director and Chairman
Jan 20,2017

Trident announced Surender Kumar Tuteja, has ceased to be the Independent Director and Chairman of the Board of the Company w.e.f. 20 January 2017 consequent to his resignation.

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MBL Infrastructures provides update on proposed Udaipur Bypass project
Jan 20,2017

MBL Infrastructures announced that the project Six lane of Greenfield proposed Udaipur Bypass (Connection between NH-76 at exiting Km 118-500 at Debari to NH-8 Km 287- 400 at kaya village) Udaipur Bypass - length 23.883 on Hybrid Annuity Mode, Package -IV under NHDP phase V in the state of Rajasthan awarded to the Company has been surrendered on account of non-submission of full performance guarantees by the bankers and accordingly terminated by NHAI.

The Company is executing two other Hybrid Annuity Projects for which performance guarantees have already been submitted.

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Deep Industries secures contract from Cairn India
Jan 20,2017

Deep Industries has received Letter of Award from Cairn India for Contract for provision of services of Gas Engine Driven Reciprocating Compressors Packages on rental basis for RDG Gas Development Project for a period of 1 (One) year from the Commencement Date. The total estimated value of the said Award is Rs 36.72 crore Approx.

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UFO Moviez India provides update on scheme of arrangement
Jan 20,2017

UFO Moviez India announced that the Company on 20 January 2017 has filed a petition to sanction the scheme of arrangement between UFO Moviez India (Transferee Company) and Southern Digital Screenz India, V N Films, Edridge and UFO International (collectively Transferor Companies) with the National Company Law Tribunal, Mumbai Bench.

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GAIL (India) to consider interim dividend for FY 2017
Jan 20,2017

GAIL (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017 to consider, inter-alia, payment of interim dividend for FY 2016-17.

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GAIL (India) fixes record date for interim dividend
Jan 20,2017

GAIL (India) has fixed 03 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Stellant Securities (India) fixes record date for reduction of capital
Jan 20,2017

Stellant Securities (India) has fixed 03 February 2017 as the Record Date for the purpose of Reduction of Capital.

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Kalpataru Power Transmission wins new orders
Jan 20,2017

Kalpataru Power Transmission has secured orders exceeding Rs 825 crore.

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Vaibhav Global allots 7741 equity shares
Jan 20,2017

Vaibhav Global has allotted 7,741 Equity Shares of Rs. 10 each on 20 January 2017 to Vaibhav Global Employee Stock Option Welfare Trust under VGL Employee Stock Option Plan (As Amended)-2006.

Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 32,54,38,260 consisting of 3,25,43,826 Equity Shares of Rs. 10 each.

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IDBI Bank raises Rs 1000 crore
Jan 20,2017

IDBI Bank has raised Rs 1000 crore on 20 January 2017 through issue of Basel III Compliant Additional Tier I bonds on private placement basis to strengthen the Banks capital adequacy.

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State Bank of India allots equity shares to GoI against infusion of Rs 5680.99 crore
Jan 20,2017

State Bank of India announced that the Committee of Directors for Capital Raising considered and accorded approval on 20 January 2017 by circulation to allot 21,07,27,400 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respects, including payment of dividend, if any, on preferential basis to Government of India, at an issue price of Rs.269.59 (Rupees two hundred sixty nine and paise fifty nine only) per share of face value of Rupee.1/- each, including a premium of Rs.268.59 (Rupees two hundred sixty eight and paise fifty nine only) per share for a consideration of Rs. 5680,99,99,766.00 (Rupees Five thousand six hundred eighty crore ninety nine lac ninety nine thousand seven hundred sixty six only).

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