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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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Cabinet approves Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved signing and ratifying an Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters.

The Agreement will help in the availability of relevant information for the prevention and investigation of Customs offences. The Agreement is also expected to facilitate trade and ensure efficient clearance of goods traded between the countries.

The draft Agreement takes care of Indian Customs concerns and requirements, particularly in the area of exchange of information on the correctness of the Customs value declared, the authenticity of certificates of origin of goods and the description of the goods traded between the two countries.

Background:

Uruguay is an important trading partner of India among members of the MERCOSUR, a trading block in Latin America. India signed a Preferential Trade Agreement (PTA) with the MERCOSUR which came into effect from 1st June, 2009. Trade between India and the Uruguay has been expanding gradually. The Agreement would provide a legal framework for sharing of information and intelligence between the Customs authorities of the two countries and help in the proper application of Customs laws, prevention and investigation of Customs offences and the facilitation of legitimate trade. The draft text of the proposed Agreement has been finalized with the concurrence of the two Customs Administrations.

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Punjab Alkalies & Chemicals announces change in directorate
Jan 04,2017

Punjab Alkalies & Chemicals announced about the following changes in the Companys Directorate:

1. Appointment of Moneesh Kumar, PCS, as Managing Director of the Company by the Board in its meeting held on 02 January 2017, due to his nomination by Punjab State Industrial Development Corporation as Director under the provisions of Article 129(a) of the Articles of Association of the Company, in place of Amit Dhaka, IAS with effect from 02 January 2017.

2. Cessation of Amit Dhaka, IAS as Director & Managing Director on the Board of Directors of the Company with effect from January 02, 2017 consequent upon his resignation dated 02 January 2017 due to withdrawal of his nomination by Punjab State Industrial Development Corporation Limited under the provisions of Article 129(a) of the Articles of Association of the Company w.e.f. 02 January 2017.

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Investment & Precision Castings to announce Q3 & 9M results
Jan 04,2017

Investment & Precision Castings announced that a meeting of Board of Directors of the Company will be held on 24 January 2017 for taking on record Unaudited Financial Results for the October-December 2016 Quarter (Q3) and nine months ended on 31 December 2016.

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Muthoot Capital Services to consider December quarter results
Jan 04,2017

Muthoot Capital Services announced that a meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to consider and take on record the unaudited financial results for the quarter ended 31 December 2016.

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Ishan Dyes & Chemicals to hold EGM
Jan 04,2017

Ishan Dyes & Chemicals announced the Extra Ordinary General Meeting (EGM) of the Company will be held on 30 January 2017.

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Sudarshan Chemical Industries commissions 8.24 MW capacity COGEN plant
Jan 04,2017

Sudarshan Chemical Industries has commissioned the COGEN plant of 8.24 MW capacity at its Roha site. It will make the company self reliant towards power and steam generation, for future expansion of production lines.

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Cabinet approves land transfer from Delhi Development Authority for Second Diplomatic Enclave
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to Land and Development Office (L&DO) for the purpose of the Second Diplomatic Enclave.

Currently, there is one Diplomatic Enclave in Chanakyapuri, where land has been allotted to the Embassies by L&DO. MEA has expressed need for more land for allotment to Diplomatic Missions/ International Organizations for building their Chanceries/ Embassies in Delhi. For this DDA has earmarked 34.87 Ha land in Sector 24, Dwarka, which will be transferred to L&DO. This will provide land for Second Diplomatic Enclave in the capital.

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Cabinet approves transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to L&DO
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to Land and Development Office (L&DO) for the purpose of the Second Diplomatic Enclave.

Currently, there is one Diplomatic Enclave in Chanakyapuri, where land has been allotted to the Embassies by L&DO. MEA has expressed need for more land for allotment to Diplomatic Missions/ International Organizations for building their Chanceries/ Embassies in Delhi. For this DDA has earmarked 34.87 Ha land in Sector 24, Dwarka, which will be transferred to L&DO. This will provide land for Second Diplomatic Enclave in the capital.

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Board of Jolly Merchandise to appoints MD and company secretary
Jan 04,2017

Jolly Merchandise announced that the meeting of the Board of Directors of the Company will be held on 10 January 2017 to transact the following business:

1. To appoint Dhanesh Shah as a Company Secretary of the Company.

2. To appoint Nilesh Khatri as a Managing Director of the Company.

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Just Dial declines on reports of brokerage sell call
Jan 04,2017

Meanwhile, the S&P BSE Sensex was down 13.72 points or 0.05% at 26,629.52.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one quarter. The stock had hit a high of Rs 350.50 and a low of Rs 342.20 so far during the day.

The stock had hit a 52-week high of Rs 903 on 20 April 2016 and a record low of Rs 318.20 on 27 December 2016. It had underperformed the market over the past one month till 3 January 2017, sliding 6.48% compared with the Sensexs 1.57% rise. The scrip had also underperformed the market over the past one quarter declining 19.95% as against the Sensexs 5.67% fall.

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

The brokerage reportedly said that valuation of Just Dial looks good but future of the company looks uncertain. Risk-reward doesnt look attractive at this stage, it said.

Just Dials net profit fell 26.8% to Rs 29.62 crore on 10% growth in net sales to Rs 180.32 crore in Q2 September 2016 over Q2 September 2015.

Just Dial is a leading local search engine in India.

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Board of Jolly Merchandise to appoint MD and company secretary
Jan 04,2017

Jolly Merchandise announced that the meeting of the Board of Directors of the Company will be held on 10 January 2017 to transact the following business:

1. To appoint Dhanesh Shah as a Company Secretary of the Company.

2. To appoint Nilesh Khatri as a Managing Director of the Company.

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Godrej Properties advances after getting overwhelming response for residential project
Jan 04,2017

The announcement was made before market hours today, 4 January 2017.

Meanwhile, the S&P BSE Sensex was up 38.97 points, or 0.15%, to 26,682.21.

On the BSE, so far 5,411 shares were traded in the counter, compared with average daily volumes of 32,049 shares in the past one quarter. The stock had hit a high of Rs 331.50 and a low of Rs 323 so far during the day. The stock had hit a 52-week high of Rs 386 on 9 August 2016. The stock had hit a 52-week low of Rs 266.40 on 29 February 2016.

The stock had outperformed the market over the past one month till 3 January 2017, gaining 6.83% compared with the 1.57% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 8.79% as against Sensexs 5.67% decline.

The mid-cap company has equity capital of Rs 108.18 crore. Face value per share is Rs 5.

Godrej Properties said that it has seen an overwhelming customer response to its project Godrej Greens, which was launched shortly after the governments demonetisation announcement in early November.

The company announced that it has sold over 300 apartments within two months of launch of its project Godrej Greens in Pune. This represents more than 75% of the 400 apartments that were opened for sale, making this one of the most successful recent residential launches.

On a consolidated basis, net profit of Godrej Properties declined 77.4% to Rs 23.48 crore on 76.6% decline in net sales to Rs 305.60 crore in Q2 September 2016 over Q2 September 2015.

Godrej Properties is a real estate developer.

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Ramco Systems to partner with Panasonic Group of Companies in Malaysia
Jan 04,2017

Ramco Systems announced that the Panasonic Group of Companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.

Panasonic Group of companies in Malaysia, part of the leading Japanese electronics manufacturer, said employees in 21 entities using multiple systems currently will now be powered by integrated Ramco HR software giving a seamless HR experience, group-wide.

Ramco Systems award-winning Human Capital Management (HCM) solution will integrate with multiple Enterprise Applications and Finance systems in individual companies for statutory and payroll requirements.

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Engineers India announces cessation of director
Jan 04,2017

Engineers India announced that Ashwani Soni, Director (Projects) ceased to be the Director (Projects) of the Company w.e.f. 01 January 2017 on attaining the age of superannuation on 31 December 2016.

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Power Finance Corporation provides update on subsidiary
Jan 04,2017

Power Finance Corporation announced that the following company has been incorporated as wholly owned subsidiary of PFC Consulting (a wholly owned subsidiary of Power Finance Corporation):

1. Name of the SPV : Fatehgarh-Bhadla Transmission
- Date of Incorporation : 30 December 2016

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