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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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Government has added over 4000 medical PG seats for 2017-18: J P Nadda Government has added over 4000 medical PG seats for 2017-18: J P Nadda
Mar 03,2017

Shri J P Nadda, Union Minister of Health and Family Welfare today stated that n++an all-time record number of over 4,000 PG medical seats have been approved by Government of India in various medical colleges and hospitals for the academic session 2017-18 this year, taking the total number of PG seats available to 35,117.n++

Thanking Prime Minister Shri Narendra Modi for his visionary leadership and constant guidance, Shri Nadda said that this will further boost our resolve to strengthen tertiary care and improve the medical education in the country. The Health Minister added that of the total increase, 2,046 seats are in medical colleges. Looking at the need to increase PG seats in clinical subjects, the Government had decided to amend the teacher student ratio in clinical subjects in government medical colleges. This change alone has resulted in the creation of 1,137 extra seats in 71 colleges. Many others out of the total of 212 government colleges are sending their proposals and it is expected that at least 1000 more seats can be added during the month of March 2017, Shri Nadda stated.

This includes DNB seats, which are equivalent to MD/MS, have increased by 2,147 in the last one year. Shri Nadda said that there has been a total addition of 4,193 PG seats in the country so far, and a further addition of more than 1000 seats is likely during March 2017. The budget announcement of adding 5,000 PG medical seats in the country is thus likely to be achieved soon, the Union Health Minister said.

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Government has added over 4000 medical PG seats for 2017-18: J P Nadda
Mar 03,2017

Shri J P Nadda, Union Minister of Health and Family Welfare today stated that n++an all-time record number of over 4,000 PG medical seats have been approved by Government of India in various medical colleges and hospitals for the academic session 2017-18 this year, taking the total number of PG seats available to 35,117.n++

Thanking Prime Minister Shri Narendra Modi for his visionary leadership and constant guidance, Shri Nadda said that this will further boost our resolve to strengthen tertiary care and improve the medical education in the country. The Health Minister added that of the total increase, 2,046 seats are in medical colleges. Looking at the need to increase PG seats in clinical subjects, the Government had decided to amend the teacher student ratio in clinical subjects in government medical colleges. This change alone has resulted in the creation of 1,137 extra seats in 71 colleges. Many others out of the total of 212 government colleges are sending their proposals and it is expected that at least 1000 more seats can be added during the month of March 2017, Shri Nadda stated.

This includes DNB seats, which are equivalent to MD/MS, have increased by 2,147 in the last one year. Shri Nadda said that there has been a total addition of 4,193 PG seats in the country so far, and a further addition of more than 1000 seats is likely during March 2017. The budget announcement of adding 5,000 PG medical seats in the country is thus likely to be achieved soon, the Union Health Minister said.

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DCB Bank may gain on plans to raise funds
Mar 03,2017

DCB Bank said that a meeting of the board of directors of the bank will be held on 7 March 2017, to consider and approve, issue of securities/shares, including issue of securities/shares to qualified institutional buyers. The announcement was made after market hours yesterday, 2 March 2017.

TCS has launched the next version of HOBS (Hosted OSS/BSS)- a TM Forum certified platform for digital enterprises- at Mobile World Congress in Barcelona. The announcement was made after market hours yesterday, 2 March 2017.

ICICI Bank acting through its DIFC (Dubai) branch, priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million. The notes were sold under the RegS format. The notes carry a coupon of 3.25% and were offered at an issue price of 99.447. The announcement was made after market hours yesterday, 2 March 2017.

Bharti Airtel has clarified with regards to news item titled Nokia, Airtel join hands on 5G, IoT applications that this is a routine ordinary course of business transaction that cannot and does not have a material impact on the company. Bharti Airtel has a long term strategic partnership with Nokia for network equipment and the present partnership is an extension of the association, it added. The announcement was made after market hours yesterday, 2 March 2017.

Tata Motors announced that the board constituted committee meeting held on 2 March 2017, approved offering for subscription 5,000 rated, listed, unsecured, 7.71% coupon, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating up to Rs 500 crore on a private placement basis. NCDs have tenure of 1826 days from the deemed date of allotment. The announcement was made after market hours yesterday, 2 March 2017.

Corporation Bank has fixed the banks tenor based Marginal Cost of Funds Based Lending Rate (MCLR), for all new rupee loans and advances including renewals from 1 March 2017. Overnight MCLR was fixed at 8.25%, one month MCLR was fixed at 8.25%, three months MCLR was fixed at 8.3%, six months MCLR was fixed at 8.65% and one year MCLR was fixed at 8.75%. The announcement was made after market hours yesterday, 2 March 2017.

Hindalco Industries said that a meeting of the Capital Raising Committee will be held on or after 7 March, 2017 to inter alia consider and approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the equity shares to be allotted to qualified institutional buyers pursuant to the QIP. The announcement was made after market hours yesterday, 2 March 2017.

Accel Frontline will be in focus. The board of directors of Accel Frontline approved the sale of the entire stake of a subsidiary company Accel Systems & Technologies Pte., Singapore (ASTL). The announcement was made after market hours yesterday, 2 March 2017.

National Aluminium Company said that the company has posted 16.8% growth in bauxite production upto February 2017 with a volume of 65.64 lakh tonnes, the highest since its inception. Similarly, the hydrate production at its refinery has also registered an increase of 6.8%. The hydrate production till February 2017 was 18.9 lakh tonnes as against 17.7 lakh tonnes for the same period in the previous year. At its aluminium smelter, cast metal production grew by 3.79% and the aluminium metal sales grew by 2.68%. The announcement was made after market hours yesterday, 2 March 2017.

Separately, the companys board of directors has approved payment of interim dividend of Rs 2.80 per share for the financial year ending 31 March 2017. The announcement was made after market hours yesterday, 2 March 2017.

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Outcome of board meeting of Dynacons Systems & Solutions
Mar 02,2017

Dynacons Systems & Solutions announced that the Board of Directors of the Company at its meeting held on 02 March 2017 has approved the following -

To convene EGM on 29 March 2017.

To consider alteration of Articles of Association of the Company in the EGM of the Company.

To issue 4.55 lakh equity shares and 27.95 lakh warrants on preferential basis.

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Board of Trilogic Digital Media appoints directors
Mar 02,2017

The Board of Directors of Trilogic Digital Media has approved the appointment of directors at its meeting held on 02 March 2017 -

Aparna Shah as Additional Executive Director
Shivani Jaisingh as Additional Executive Director
Arun Kareer as Additional Director
Shivanshu Pandey as Additional Independent Director

All appointments are with effect from 02 March 2017

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Outcome of board meeting of Confidence Finance & Trading
Mar 02,2017

Confidence Finance & Trading announced that the Board of Directors of the Company at its meeting held on 02 March 2017 has approved -

The Board has approved to open a Branch office at Ahemdabad, Gujarat.

The Board has authorized Suhag Vijaybhai Shah to make VAT application and execute other related documents.

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Zee Learn allots 158,525 equity shares
Mar 02,2017

Zee Learn has allotted 158,525 equity shares under ESOP. Consequently, the paid up equity share capital has increased to Rs 32.19 crore comprising of 321,984,131 equity shares of Re 1 each.

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IndusInd Bank allots 10,825 equity shares
Mar 02,2017

IndusInd Bank has allotted 10,825 (Ten Thousand Eight Hundred Twenty Five) equity shares of Rs. 10/- (Rupees Ten Only) each on 02 March 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme. The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Adani Power allots 4,09,88,991 equity shares
Mar 02,2017

Adani Power has allotted 4,09,88,991 equity shares of Rs. 10/- each upon (with a premium of Rs 22.54 per equity share) on conversion of the Convertible Warrants. Consequently, the paid up share capital of the Company has increased to Rs 3732.86 crore comprising of 3,73,28,63,685 equity shares of Rs 10 each.

Subsequent to this allotment, the shareholding of the Promoter and Promoter Group has increased to 67.069% of the enhanced paid up equity share capital of the Company.

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Sambhaav Media allots 88 lakh equity shares
Mar 02,2017

Sambhaav Media has allotted 88 lakh equity shares of Re 1 each at an issue price of Rs 5 per share on conversion of warrants. Consequently, the paid up equity share capital has increased to Rs 15.49 crore comprising of 154910840 equity shares of Re 1 each.

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Corporation Bank revises MCLR rates
Mar 02,2017

Corporation Bank has revised the Marginal Cost of Funds Based Lending Rate with effect from 01 March 2017 as under -

Overnight MCLR - 8.25%
One month MCLR - 8.25%
Three month MCLR - 8.30%
Six month MCLR - 8.65%
One year MCLR - 8.75%

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Konark Synthetic announces resignation of director
Mar 02,2017

Konark Synthetic announced that Kavita Bhat, Independent Women Director of the Company has resigned from the directorship of the Company with effect from 2 March 2017 due to her personal reasons and other engagements.

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Hathway Cable & Datacom announces resignation of directors
Mar 02,2017

Hathway Cable & Datacom announced the resignation of Biswajit Subramanian as Director from the Board of Directors of the Company with effect from 02 March 2017.

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National Aluminium Company announces performance figures
Mar 02,2017

National Aluminium Company has registered a 16.8% growth in Bauxite production upto February 2017 with a volume of 65.64 lakh tonnes, the highest since its inception.

Hydrate production at its refinery has increased 6.8%. Hydrate production till February 2017 was 18.9 lakh tonnes as against 17.7 lakh tonnes for the corresponding period of previous year.

At its aluminium smelter, cast metal production grew by 3.79% and the aluminium metal sales rose by 2.68%. With aluminium market firming up, the Company plans to increase its cast metal production by 12% in the next fiscal.

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Wipro Positioned in Winners Circle of Product Life Cycle Management service providers
Mar 02,2017

Wipro has been positioned in the Winners Circle of Product Life Cycle Management service providers by HfS Research in the market study HfS Blueprint Report on PLM Services 2016.

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