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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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KSE to hold board meeting
Oct 27,2016

KSE will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Unaudited Financial Results of the Company for the quarter ended September 30, 2016

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Vijay Textiles to hold board meeting
Oct 27,2016

Vijay Textiles will hold a meeting of the Board of Directors of the Company on 11 November 2016 for the purpose of considering the Un-Audited Financial Results (Provisional) for the quarter and half year ended September 30, 2016.

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Cabinet approves Agreement between India and Estonia on the transfer of sentenced persons
Oct 27,2016

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for signing and ratification of an Agreement between India and Estonia on the transfer of sentenced persons.

Signing the Agreement shall facilitate the Indian prisoners imprisoned in Estonia or vice-versa to be near to their families, for serving remaining part of their sentence and shall facilitate their social rehabilitation.

Background:

Prior to 2004, there was no domestic Legislation under which foreign prisoners could be transferred to the country of their origin to serve the remaining part of their sentence, nor was there a provision for the transfer of prisoners of Indian origin convicted by a foreign court to serve their sentence in India. The transfer of such prisoners to their own native countries shall facilitate their social rehabilitation.

Hence, the Repatriation of Prisoners Act, 2003 was enacted for serving the above purpose. For achieving the objectives of the Act, a Treaty/Agreement is required to be signed with countries having mutual interest with India and later to the notified in the Official Gazette.

The Government of India has so far signed bilateral Agreements on Transfer of Sentenced Persons with United Kingdom, Mauritius, Bulgaria, France, Egypt, Sri Lanka, Cambodia, South Korea, Saudi Arabia, Iran, Bangladesh, Brazil, Israel, Bosnia & Herzegovina, UAE, Italy, Turkey, Maldives-, Thailand, Russian Federation, Kuwait, Viet Nam, Australia, Hong Kong, Qatar, Mongolia, Kazakhstan and Bahrain. So far total 65 prisoners have been exchanged, out of which 55 were Indians.

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Shriram City Union Finance to pay interim dividend
Oct 27,2016

Shriram City Union Finance announced that interim dividend of Rs 5 per share shall be paid on or before 18 November 2016.

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Larsen & Toubro Infotech fixes record date for interim dividend
Oct 27,2016

Larsen & Toubro Infotech has fixed 18 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Raghav Ramming Mass to hold board meeting
Oct 27,2016

Raghav Ramming Mass will hold a meeting of the Board of Directors of the Company on 10 November 2016 Quarterly Results

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Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for years 2015-16 to 2017-18
Oct 27,2016

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18.

The new PLR scheme applicable from 2015-2016 to 2017-2018 will benefit about 37870 Port and Dock workers/employees in all the Major Port Trusts and the yearly outgo will be Rs. 49.58 crore.

Ministry of Shipping has formulated a New Productivity Linked Reward (PLR) Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18. PLR will be calculated on the enhanced wage ceiling for calculation of Bonus at Rs. 7000/- per month. PLR shall be paid annually on the basis of 50% weightage given to all India Performance and 50% weightage given to the individual Port Performance. The arrear payments of PLR for the year 2014-15 to the employees/workers by the Major Port Trusts and Dock Labour Board will be calculated on the enhanced wage ceiling of Rs.7000/- per month for calculation of Bonus instead of Rs.3500/- per month on the existing methodology of combined All India Port Performance.

For the year 2014-15, an amount of Rs 25.93 crore has already been paid to about 41,492 Major Ports & Dock workers/employees as per wage ceiling of Rs.3500/-. The total additional outgo for all Major Ports & Dock workers/employees on account of payment of arrear of PLR for the year 2014-15 as per enhanced wage ceiling of Rs. 7000/- will be about Rs. 25.93 crore.

There is an existing scheme of Productivity Linked Reward (PLR) for the employees/workers of Major Port Trusts and Dock Labour Board, wherein Productivity Linked Reward (PLR) was granted on yearly basis based on the settlement arrived at between Management and the Labour Federations of the Major Port Trusts.

The new PLR Scheme will foster better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.

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Williamson Magor & Company to hold board meeting
Oct 27,2016

Williamson Magor & Company will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve the Unaudited Financial Results of the Company for the Quarter/Half-Year ended September 30, 2016.

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Garware Marine Industries to hold board meeting
Oct 27,2016

Garware Marine Industries will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider the Unaudited Financial Results for the quarter ended September 30, 2016.

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Anubhav Infrastructure to hold board meeting
Oct 27,2016

Anubhav Infrastructure will hold a meeting of the Board of Directors of the Company on 2 November 2016 to consider and take on record the Unaudited Standalone and Consolidated Financial Result along with Limited Review Report issued by the Statutory Auditors of the Company for the Second Quarter and half year ended September 30, 2016.

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UTL Industries to hold board meeting
Oct 27,2016

UTL Industries will hold a meeting of the Board of Directors of the Company on 12 November 2016 To consider and approve the Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2016.

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Allied Herbals to hold board meeting
Oct 27,2016

Allied Herbals will hold a meeting of the Board of Directors of the Company on 27 October 2016.

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SI Capital & Financial Services to hold board meeting
Oct 27,2016

SI Capital & Financial Services will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider, approve and take on record the Un Audited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Mcleod Russel India to hold board meeting
Oct 27,2016

Mcleod Russel India will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve the Unaudited Standalone Financial Results of the Company for the Quarter/Half-Year ended September 30, 2016 (Q2).

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Larsen & Toubro Infotech to hold board meeting
Oct 27,2016

Larsen & Toubro Infotech will hold a meeting of the Board of Directors of the Company on 9 November 2016 To consider and declare an Interim Dividend, if any, on the Equity Shares of the Company & To approve and take on record the unaudited standalone and consolidated financial results of the Company as per Indian Accounting Standards (Ind-AS) for the quarter and half year ended September 30, 2016 along with the Limited Review Reports of the Statutory Auditors thereon.

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