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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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One Crore MGNREGA assets geotagged
Apr 22,2017

Mahatma Gandhi NREGS has reached a new milestone today by geotagging one Crore assets and putting them in public domain.

The scale of rural assets created under MGNREGA is very large. Since the inception of the programme in financial year 2006-07, about 2.82 Crore assets have been created under the programme. On an average, about 30 Lakh Assets are created annually which includes a variety of works such as water harvesting structures, plantations, rural infrastructure, flood control measures, individual assets for sustainable livelihood, community infrastructure and so on. The process of geotagging is going on and all assets under MGNREGS will be geotagged. Special focus is being given to geotag Natural Resource Management works especially the water related works.

GeoMGNREGA is a unique endeavor of the Ministry of Rural Development in association with National Remote Sensing Centre (NRSC), ISRO and National Informatics Centre. A Memorandum of Understanding (MoU) was signed by Ministry of Rural Development with NRSC on 24th June 2016 for geo-tagging the assets created under MGNREGS in each gram panchayat. Strength of Space technology has been leveraged.

Pursuant to the signing of MoU, training manuals were developed in consultation with NRSC. Training was imparted to around 2.76 Lakh personnel across the country with the help of National Institute of Rural Development and Panchayati Raj (NIRD&PR). The training programme was conducted in the last week of August, 2016. The geotagging exercise started from 1st September, 2016. One Crore assets have been geotagged and put in public domain in the last seven months. It is expected that the exercise will lead to greater transparency and ensure accountability at field level.

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Quantum Build-Tech announces resignation of company secretary & compliance officer
Apr 22,2017

Quantum Build-Tech announced that Shivani Sarda, Company Secretary & Compliance Officer has submitted resignation dated 10 April 2017 from her position and the same has been accepted by the Management.

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Hero Multipap Pvt to hold board meeting
Apr 22,2017

Hero Multipap Pvt will hold a meeting of the Board of Directors of the Company on 3 May 2017.

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Neuland Laboratories to hold board meeting
Apr 22,2017

Neuland Laboratories will hold a meeting of the Board of Directors of the Company on 12 May 2017.

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Huhtamaki PPL to hold AGM
Apr 22,2017

Huhtamaki PPL announced that the 67th Annual General Meeting (AGM) of the company will be held on 12 June 2017.

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Quality Mark Award Scheme for Dairy Cooperatives initiated by NDDB
Apr 22,2017

As part of the innovative initiatives under the n++White Revolutionn++ umbrella Schemes, the Department of Animal Husbandry, Dairying and Fisheries has supported the National Dairy Development Board (NDDB) developed initiative of n++Quality Markn++ Award Scheme for dairy Cooperatives to promote and encourage enhancement of safety, quality and hygiene of milk and milk products manufactured by dairy cooperatives. It is aimed at bringing about process improvement in the entire value chain from producer to the consumer to ensure availability of safe and quality of milk and products both for the domestic and foreign market. The Quality Markn++ Award Scheme for dairy Cooperatives in the country has been initiated to instill confidence in the consumers for the quality of milk being marketed by them by ensuring availability of safe and good quality milk and milk products. The quality mark scheme was rolled out on 6th January-2016 after deliberating on the process and award mechanism for over a year. The initiative does not propose any new/ additional system for Food Safety and Quality Management but lays down minimum standards against each link of the processes required for ensuring quality and safety.

The NDDB is in the process of registering the quality mark logo under Trademarks Act, 1998. The Dairy units which meet the criteria for award of quality mark will be allowed to use the logo on the package containing milk and milk products and the award of the quality mark shall be specific for location of the dairy unit as well as for the process for a particular product. The mark may be applied to the packaging or printed on a label affixed to the package. The logo/symbol of quality mark on milk and milk product packages indicates that the dairy unit has adopted and implemented all the processes required as per the food safety and quality management system for manufacture of milk and milk products as per the set quality parameters.

The assessment is a two-step process involving pre-assessment and a final assessment. The pre-assessment largely covers the village level procurement and processing infrastructure availability, training manpower and the retail sales. Only those dairy units that score over 70% in the preliminary assessment are considered for final assessment which is done by a team of three experts of which one is an external expert. The final assessment is made for the evaluation of 45 critical and 97 major parameters that influence the quality of the processed milk and milk products. The award of Quality Mark shall be valid for three years subject to maintenance of quality, food safety standards and compliance with terms and conditions of the agreement.

The guideline document for award of quality mark was finalized based on the discussions of the working group in the meetings at Anand and Delhi in November, 2014 and August 11, 2015. Thereafter, comments were sought from the members which were discussed during the roll out meeting at Anand, on 6th January, 2016 by incorporating the feedback from different stakeholders. After the finalization of quality mark documents, it was circulated to the State Milk Federations & District Milk Unions. The interested State Milk Federations /Cooperative Dairies /Educational Institutions / Govt. Dairy Units are required to apply for the award of Quality Mark Management (QM) document. The document has been finalized after a series of deliberations which began in November, 2014 and was rolled out in January 2016.

An eleven member Management Committee has been envisaged to oversee the activities of the Quality Mark. The Management Committee has members including the representatives of DADF, FSSAI and Managing Directors of four State Milk Federations representing the regions and two Experts in Dairying. The first meeting of the Management Committee of the Quality Mark was held at Anand on March 15, 2017. Representative of the Food Safety and Standards Authority & DADF also attended the meeting. In the meeting the formal nationwide launch of the Quality Mark was discussed and it was recommended to have a formal launch of the Quality Mark after the current Parliament Session by the Honble Minister of Agriculture & Farmers Welfare.

Since roll out of quality mark initiative by NDDB, on 6th January, 2016, NDDB has so far received 53 applications (comprising Karnataka-13, Mother Dairy-8, Punjab-4, Tamil Nadu-5, Haryana-4, Bihar-11, Maharashtra-4, MP-4) for award of the Quality Mark. Out of 53, 30 applications have been assessed and 13 Dairy Units have been found eligible for award of Quality Mark logo by NDDB.

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Reliance Industries starts commercial production of Coal Bed Methane
Apr 22,2017

Reliance Industries commenced commercial production from its Coal Bed Methane (CBM) block SP(West)-CBM-2001/1 from 24th March 2017 and is currently supplying CBM for commissioning the Shahdol Phulpur Pipeline (SHPPL). The production from RILs Sohagpur CBM fields will gradually ramp-up in the next 15-18 months making RIL among the largest unconventional natural gas producers in India.

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Indiabulls Housing Finance allots NCDs aggregating Rs 25 crore
Apr 22,2017

Indiabulls Housing Finance on 21 April 2017 allotted its twentieth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating to Rs.25 crore.

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Brigade Group launches its maiden hospitality project in Chennai
Apr 22,2017

Brigade Group announced the launch of its maiden hospitality project in Chennai, Holiday Inn Chennai OMR IT Expressway on the arterial Old Mahabalipuram Road in the citys southern business district viz, Tatamani, Thiruvanmiyur.

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Board of Indiabulls Ventures approves preferential issue of shares
Apr 22,2017

The Board of Directors of Indiabulls Ventures at its meeting held on 21 April 2017 has approved preferential offer & issue of 47,390,000 equity shares at an issue price of Rs. 94.70 (including a premium of Rs. 92.70) per equity share, for cash consideration, to Tamarind Capital, a company incorporated in Singapore, (Investor). The total equity investment by the Investor would aggregate to Rs. 448.78 crore. The offer & issue of these equity shares is in accordance with Chapter VII of the SEBI (ICDR) Regulations 2009, as amended & other applicable provisions of FEMA & rules & regulations framed thereunder or prescribed by any other Regulator. For seeking shareholders approval, to the aforesaid issuance, the Board has convened an EGM of its shareholders on Monday, 22 May 2017.

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Board of ACC appoints company secretary and compliance officer
Apr 21,2017

The Board of Directors of ACC at its meeting held on 21 April 2017 has appointed Surendra Mehta as Company Secretary and Head of Compliance (KMP) with immediate effect.

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Board of Maestros Electronics & Telecommunications Systems approves conversion of warrants
Apr 21,2017

Maestros Electronics & Telecommunications Systems announced that at the Board Meeting held on 21 April 2017, the Board approved to convert 4,00,000 Equity Warrants and allot 4,00,000 Equity Shares at a price of Rs. 27 per share/per warrant to B. K. Tendulkar (Equity Warrant Holder).

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Board of Shailja Commercial Trade Frenzy approves change in directorate
Apr 21,2017

The Board of Directors of Shailja Commercial Trade Frenzy at their meeting held on 21 April 2017 has approved the appointment of Kushal Damodar Vaishnav as an Additional Executive Director. The Board has accepted the resignation of Chetan Sharma from the post of director due to personal reasons.

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Veeram Ornaments appoints director
Apr 21,2017

Veeram Ornaments announced that the Board of Directors of the company has appointed Rakshit Mahendra Shah as an Additional Director of the Company with effect from 19 April 2017.

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Board of Nandan Denim accepts resignation of director
Apr 21,2017

Nandan Denim announced that the Board of Directors of the Company have on 20th April, 2017 passed the following item through Circular Resolution: 1. Acceptance of resignation tendered by Pradeep Kumar Shrivastava as a Whole Time Director of the Company w.e.f. 15 April 2017

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