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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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Central Board of Direct Taxes (CBDT) signs four more unilateral Advance Pricing Agreements (APAs)
Feb 07,2017

The Central Board of Direct Taxes (CBDT),Department of Revenue, Ministry of Finance has entered into four more unilateral Advance Pricing Agreements (APAs).

The four APAs signed pertain to the Manufacturing, Financial and Information Technology sectors of the economy. The international transactions covered in these agreements include Contract Manufacturing, IT Enabled Services and Software Development Services.

With this, the total number of APAs entered into by the CBDT has reached 130. This includes 8 bilateral APAs and 122 Unilateral APAs. In the current financial year, a total of 66 APAs (5 bilateral APAs and 61 unilateral APAs) have already been entered into. The CBDT expects more APAs to be concluded and signed before the end of the current fiscal.

The APA Scheme was introduced in the Income-tax Act in 2012 and the n++Rollbackn++ provisions were introduced in 2014. The scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the prices of international transactions in advance. Since its inception, the APA scheme has evinced a lot of interest from taxpayers and that has resulted in more than 700 applications (both unilateral and bilateral) being filed so far in about five years.

The progress of the APA Scheme strengthens the Governments resolve of fostering a non-adversarial tax regime. The Indian APA program has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner.

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GI Engineering Solutions to hold board meeting
Feb 07,2017

GI Engineering Solutions will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve and take on record the Un-audited Financial Results of the Company for the Third Quarter and Nine Months ended 31 December 2016, to approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Mystic Electronics to hold board meeting
Feb 07,2017

Mystic Electronics will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Un-Audited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Fortis Healthcare to hold board meeting
Feb 07,2017

Fortis Healthcare will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Un-audited Financial Results for the quarter and period ended on 31 December 2016 (Q3).

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Ram Minerals and Chemicals to hold board meeting
Feb 07,2017

Ram Minerals and Chemicals will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the unaudited financial results of the Company for the quarter ended on 31 December 2016.

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Rama Steel Tubes to hold EGM
Feb 07,2017

Rama Steel Tubes announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 March 2017.

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Bharatiya Global Infomedia to hold board meeting
Feb 07,2017

Bharatiya Global Infomedia will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider Un-Audited Financial Results for the Quarter ended 31 December 2016.

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Technocraft Industries (India) to hold board meeting
Feb 07,2017

Technocraft Industries (India) will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Un-Audited Financial Results for the quarter and nine months ended 31 December 2016.

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JHS Svendgaard Laboratories to hold board meeting
Feb 07,2017

JHS Svendgaard Laboratories will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider, approve and take on record the unaudited financial results of the Company for the third quarter ended 31 December 2016.

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Sangam Health Care Products to hold board meeting
Feb 07,2017

Sangam Health Care Products will hold a meeting of the Board of Directors of the Company on 13 February 2017, to approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Arihant Foundations & Housing to hold board meeting
Feb 07,2017

Arihant Foundations & Housing will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve un-audited financial results for the quarter ended 31 December 2016.

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Shree Surgovind Tradelink to hold board meeting
Feb 07,2017

Shree Surgovind Tradelink will hold a meeting of the Board of Directors of the Company on 13 February 2017, to approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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KBS India to hold board meeting
Feb 07,2017

KBS India will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the Un-Audited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Nouveau Global Ventures to hold board meeting
Feb 07,2017

Nouveau Global Ventures will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the Un-Audited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Birdhi Chand Pannalal Agencies to hold board meeting
Feb 07,2017

Birdhi Chand Pannalal Agencies will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Quarterly Unaudited Financial Results for the quarter ended 31 December 2016

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