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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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With an aim to drive awareness around Diwali on availability of Indian Gold Coin, MMTC and WGC launch a multimedia advertising campaign
Oct 27,2016

With an aim to drive awareness around Diwali on the availability of Indian Gold Coin, MMTC along with World Gold Council (WGC) has launched a multimedia advertising campaign starting this week that includes newspapers, radio, digital and select cinema halls. More information on Indian Gold Coin can be accessed on www.indiangoldcoin.com or toll free number 1800 1800 000.

The Indian Gold Coin is available in denominations of 5 gm and 10 gm coin and 20 gm bar. The coins are currently available at all MMTC outlets across India, along with select branches of seven Banks - Indian Overseas Bank, Vijaya Bank, Federal Bank, Yes Bank, Andhra Bank, ICICI Bank and HDFC Bank. Indian Gold Coin is available at about 383 outlets across India now.

Indian Gold Coin was launched by the Prime Minister Shri Narendra Modi on 5th November, 2015. It is Indias first ever sovereign gold offering and only Gold Coin hallmarked by Bureau of Indian Standards (BIS) for purity. The creation of a national branded coin, of uniform price and quality has addressed the trust deficit that exists around the buying and selling of gold. It aligns with the n++Make in Indian++ priority of the Government.

Indian Gold Coin has the National Emblem Ashoka Chakra engraved on one side and Mahatma Gandhi on the reverse side. Its other unique features include 24 Karat 999 fineness purity, positive tolerance both in weight and purity, tamper proof packaging and advanced anti-counterfeit features.

Indian Gold Coin is minted in India from gold sourced domestically from Gold Monetisation Scheme. It enters the international basket of National Gold Coins which is minted locally by India Government. Mint, Mumbai and Kolkata and therefore also promotes n++Make in Indian++. It will aid in recycling of gold through transparent buy-back option being brought by MMTC. Through the Indian Gold Coin, the Government of India aims to reduce dependence on gold imports to meet the local gold demand as Indian Gold Coin is being minted from the gold collected under Gold Monetization Scheme (GMS).

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MRF to pay interim dividend for FY 2017
Oct 27,2016

MRF announced that interim dividend of Rs 3 per share for FY 2017 will be paid on or after 18 November 2016.

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PPAP Automotive to pay interim dividend for FY 2017
Oct 27,2016

PPAP Automotive announced that interim dividend of Rs 1.25 per share for FY 2017 will be paid on or after 21 November 2017.

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Oil & Natural Gas Corpn to pay interim dividend
Oct 27,2016

Oil & Natural Gas Corpn announced that interim dividend of Rs 4.50 per share for FY 2017 shall be paid from 07 November 2016.

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Maruti Suzuki retracts from record high after declaring Q2 result
Oct 27,2016

The result was announced during market hours today, 27 October 2016.

Meanwhile, the BSE Sensex was up 15.02 points, or 0.05%, to 27,851.53

On BSE, so far 1.71 lakh shares were traded in the counter, compared with average daily volume of 65,121 shares in the past one quarter. The stock hit a high of Rs 5,950.20 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,844 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 6.55% compared with 1.37% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 23.29% as against Sensexs 1.32% decline.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 September 2016).

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Board of Oil & Natural Gas Corpn approves interim dividend and bonus issue
Oct 27,2016

Oil & Natural Gas Corpn announced that the Board of Directors of the Company at its meeting held on 27 October 2016, inter alia, have

1. Approved Interim Dividend of Rs. 4.50 (Four rupees and fifty paisa only) per equity share of Rs. 5/- each, for the Financial Year 2016-17. Payment of interim dividend shall start from 07 November 2016.

2. Recommended the issue of bonus shares in the proportion of 1 (One) new equity share of Rs.5/- each for every 2 (Two) existing equity shares of Rs. 5/- each fully paid up of the Company, subject to the approval of the shareholders.

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Excel Crop Care scales record high after declaring good Q2 financials
Oct 27,2016

The Q2 result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the S&P BSE Sensex was down 48.85 points or 0.18% at 27,787.66

On BSE, so far 4,455 shares were traded in the counter as against average daily volume of 3,047 shares in the past one quarter. The stock hit a high of Rs 1,970 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,798 so far during the day. The stock had hit a 52-week low of Rs 785 on 2 November 2015. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 31.49% compared with 1.37% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 41.5% as against Sensexs 1.32% decline.

The small-cap company has equity capital of Rs 5.50 crore. Face value per share is Rs 5.

Excel Crop Care manufactures agrochemicals, which includes insecticides, weedicides and fungicides.

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Transition to Direct-to-Consumer to Impact M&E Sector: Manoj Sinha
Oct 27,2016

Manoj Sinha, Minister of State for Communications (I / C) & Railways stated, n++Indias media and entertainment industry is going through a rapid transition to a direct-to-consumer world through new digital technologies. Curation, customization and convenience play a prime role in this disruptive environment.n++

Priyank Kharge, Minister of Information Technology & Biotechnology, Government of Karnataka, announced that the Karnataka government will soon come out with a center of excellence for the AVG sector. He invited startups to participate in this.

Sunil Kumar Singhal, Advisor, Telecom Regulatory Authority of India (TRAI), shared that TRAI is focusing on a homogeneous network to reach of broadband to the public across the country. He stated that India needs to focus on fixed network to back data, as otherwise monetizing the spectrum would be a challenge.

Vikram Chandra, CEO, NDTV, observed that content creators should not slow down creating or gathering content while awaiting new technologies for distribution and monetization.

T V Ramachandran, President, Broadband India Forum, said that innovative solutions to match growing demand for data are required, while a huge bandwidth goes waste.

Kaveree Bamzai , Editor of Robb Report and Editor (Special Projects), India Today, noted that education is central to create quality content. Arjun Pandey, CEO 24 Frames & Founder Delhipedia, focused on education quality. Harish Vaidyanathan, Director ISV, Microsoft India, felt that more needs to be invested at a government level to ensure seamless content delivery.

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Just Dial drops after poor Q2 result
Oct 27,2016

The result was announced before market hours today, 27 October 2016.

Meanwhile, the S&P BSE Sensex was down 43.10 points or 0.15% at 27,793.41

On BSE, so far 1.62 lakh shares were traded in the counter as against average daily volume of 3.06 lakh shares in the past one quarter. The stock hit a high of Rs 442.10 and a low of Rs 425.60 so far during the day. The stock had hit a 52-week high of Rs 1,018 on 27 October 2015. The stock had hit a record low of Rs 377.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 1.17% compared with 1.37% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 17.12% as against Sensexs 1.32% decline.

The small-cap company has equity capital of Rs 70.57 crore. Face value per share is Rs 10.

Just Dial started offering local search services in 1996 under the Just Dial brand and is now the leading local search engine in India.

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Pennar Engineered Building Systems to hold board meeting
Oct 27,2016

Pennar Engineered Building Systems will hold a meeting of the Board of Directors of the Company on 7 November 2016, to consider and approve the Unaudited Financial Results (Standalone) of the Company for the quarter ended 30 September 2016.

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Magma Fincorp to hold board meeting
Oct 27,2016

Magma Fincorp will hold a meeting of the Board of Directors of the Company on 3 November 2016, to take on record and approve the Unaudited Financial Results (Standalone as well as Consolidated) for the quarter and half year ended 30 September 2016.

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GP Petroleums to hold board meeting
Oct 27,2016

GP Petroleums will hold a meeting of the Board of Directors of the Company on 9 November 2016 Quarterly Results

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Rubra Medicaments to hold board meeting
Oct 27,2016

Rubra Medicaments will hold a meeting of the Board of Directors of the Company on 10 November 2016, to discuss and approve the unaudited Financial Result for the quarter and half year ended on 30 September 2016.

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Dynavision to hold board meeting
Oct 27,2016

Dynavision will hold a meeting of the Board of Directors of the Company on 12 November 2016, to Consider and take on Record the Un-Audited Financial Results for the Quarter/ Half year ended 30 September 2016.

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Tainwala Chemicals& Plastics (India) to hold board meeting
Oct 27,2016

Tainwala Chemicals& Plastics (India) will hold a meeting of the Board of Directors of the Company on 7 November 2016 Quarterly Results

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