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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 to Come up With its own Study to Assess Impact of Pollution on Human Health: Environment Minister
Feb 22,2017

The Government is to come up with its own study with the Ministry of Health & Family Welfare to assess the trends and impact of pollution on human health. Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that the Government is taking all necessary steps to mitigate air pollution. He gave a detailed account of various sources of pollution and actions taken by the Government for their management. Giving an account of recent steps taken by the Government, the Minister referred to the notification on Graded Response Action Plan to address different levels of air pollution in National Capital Region. Referring to several media reports, linking air pollution specifically to deaths, Mr. Dave said there is a need to exercise caution in interpretation of these studies.

The Government is closely monitoring the trend of various air pollutants across the country under the National Air Quality Monitoring Programme. The Monitoring network comprises manual stations spread over 300 cities in 29 States and 6 Union territories. Apart from manual stations, there are 54 Continuous Ambient Air Quality Monitoring Stations that cover 33 cities in 12 states. The monitoring network is being expanded to cover all metro cities and capital towns.

The result of the monitoring shows that, while the levels of Particulate Matters have a fluctuating trend, the value of SO2 is generally within permissible limits, while the value of NO2 is fluctuating and slightly above the permissible limits. The value of Particulate Matter is the main concern and the Government has been taking all necessary measures to mitigate this problem in a systematic manner.

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Dr Reddys Lab in focus as Miryalaguda facility gets 3 USFDA observations
Feb 22,2017

Dr Reddys Laboratories (DRL) announced that the audit of the companys active pharmaceutical ingredients (API) manufacturing plant at Miryalaguda, by the United States Food and Drug Administration (USFDA) has been completed on 21 February 2017. DRL has been issued a Form 483 with three observations, which the company is addressing, it said. The announcement was made after market hours yesterday, 21 February 2017.

Power Grid Corporation of India (PGCIL) announced that it has been declared as the successful bidder under tariff based competitive bidding to establish 765kV Strengthening in Eastern Region (ERSS-XVIII) on build, own operate and maintain (BOOM) basis. The Letter of Intent (Lol) has been received on 21 February 2017. The announcement was made after market hours yesterday, 21 February 2017.

Coal India announced that a meeting of board of directors of the company will be held on 6 March 2017, to consider payment of interim dividend, if any, for the year ending 31 March 2017 (FY 2017). The announcement was made after market hours yesterday, 21 February 2017.

Apollo Hospitals Enterprise announced that a meeting of the debenture allotment committee of the board of directors of the company will be held on 23 February 2017, to consider and approve the allotment of 2,000 secured redeemable non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 200 crore to institutional investors/banks/financial institutions on a private placement basis. The announcement was made after market hours yesterday, 21 February 2017.

Castrol Indias net profit rose 10.65% to Rs 155.80 crore on 0.59% growth in total income to Rs 818 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours yesterday, 21 February 2017.

IL&FS Engineering and Construction Company said that a meeting of the Executive Committee of the board of directors of the company will be held on 25 February 2017 for determination of issue price for the preferential issue of equity shares of the company to the promoter/promoter group. The announcement was made after market hours yesterday, 21 February 2017.

Metalyst Forgings announced that the meeting of board of directors of the company is scheduled to be held on 25 February 2017 to discuss and consider the issue of equity shares/equity linked securities of the company subject to the approval of the shareholders of the company in its general meeting. The announcement was made after market hours yesterday, 21 February 2017.

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ISGEC Heavy Engineering signs collaboration and technology transfer agreement
Feb 21,2017

ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments

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ISGEC Heavy Engineering signs collaboration and technology transfer agreement
Feb 21,2017

ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments

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Outcome of board meeting of Hindustan Everest Tools
Feb 21,2017

Hindustan Everest Tools announced that the Board of Directors of the Company at its meeting held on 20 February 2017 approved the following -

Borrowing in excess of paid up share capital and free reserves and the creation of charge and/or mortgage in respect of borrowings in excess of paid up share capital and free reserves to the extent of Rs 20 crore.

Sale of substantial assets of the plant of the company at Jatheri, Sonepat (Haryana).

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Outcome of board meeting of Hindustan Everest Tools
Feb 21,2017

Hindustan Everest Tools announced that the Board of Directors of the Company at its meeting held on 20 February 2017 approved the following -

Borrowing in excess of paid up share capital and free reserves and the creation of charge and/or mortgage in respect of borrowings in excess of paid up share capital and free reserves to the extent of Rs 20 crore.

Sale of substantial assets of the plant of the company at Jatheri, Sonepat (Haryana).

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Outcome of board meeting of Stampede Capital
Feb 21,2017

Stampede Capital announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved the following subject to approval of shareholders -

Issue of 5 crore equity share warrants not exceeding 15% of the post issue equity to 13 persons under non promoter group.

Approved the proposal to raise further capital up to 40 million USD by way of ADR/GDR QIP/ Rights Issue/ FCCB and other securities.

Issue of ESOP shares to the Key Manageria Persons by Stampede Tradex, Singapore.

To increase the Authorised Share Capital from Rs 34 crore to Rs 45 crore.

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Outcome of board meeting of Stampede Capital
Feb 21,2017

Stampede Capital announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved the following subject to approval of shareholders -

Issue of 5 crore equity share warrants not exceeding 15% of the post issue equity to 13 persons under non promoter group.

Approved the proposal to raise further capital up to 40 million USD by way of ADR/GDR QIP/ Rights Issue/ FCCB and other securities.

Issue of ESOP shares to the Key Manageria Persons by Stampede Tradex, Singapore.

To increase the Authorised Share Capital from Rs 34 crore to Rs 45 crore.

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Outcome of board meeting of Gammon India
Feb 21,2017

Gammon India announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has permitted Gammon Power to further sell/dispose off the balance 26.06% of the equity shares of Gammon Infrastructure Projects at the market price, in one or more tranches out of which, the Board has subject to shareholders and all regulatory approvals, expressed its intention to acquire up to 20% of the said equity shares of Gammon Infrastructure Projects from Gammon Power at the market price in one or more tranches.

The said equity shares of GIPL have been currently pledged by Gammon Power to the Companys lenders as security for loans approved to the Company.

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Castrol India to pay final dividend
Feb 21,2017

Castrol India announced that final dividend, if approved by the shareholders at the 39th AGM, shall be paid on or before 30 June 2017.

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Castrol India fixes record date for special dividend
Feb 21,2017

Castrol India has fixed 03 March 2017 as record date for special dividend and the special dividend shall be paid on or before 23 March 2017.

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Tiger Logistics (India) recognised as Fastest Growing Logistics Company of the Year for Gujarat region
Feb 21,2017

Tiger Logistics (India) announced that in the 8th Edition at the Gujrat Junction 2017, the Award for Excellence in Cargo & Logistics Sector hasbeen presented to the Company. The Company has been the winner for n++Fastest Growing Logistics Company of the Yearn++ for the Gujrat region. The award was organized by EXIM India on 18 February 2017 at Hotel Radisson Blu, Kandla.

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IFCI announces change in regional offices
Feb 21,2017

IFCI announced that subsequent to the decision taken by Board of Directors of IFCI, it has been decided to discontinue operations of Regional Offices at Bhubaneswar, Kochi, Lucknow, Raipur and Vijayawada by 17 May 2017. Therefore, all businesses of Regional Offices at Bhubaneswar, Kochi, Lucknow, Raipur and Vijayawada will be transferred and merged with Kolkata, Chennai, Delhi, Mumbai and Hyderabad Regional Offices, respectively for business development and monitoring of existing cases w.e.f. 18 May 2017 onwards.

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