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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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PSL to hold board meeting
May 05,2017

PSL will hold a meeting of the Board of Directors of the Company on 9 May 2017.

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Deccan Cements to hold board meeting
May 05,2017

Deccan Cements will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Websol Energy System to hold board meeting
May 05,2017

Websol Energy System will hold a meeting of the Board of Directors of the Company on 9 May 2017.

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Investment & Precision Castings to hold board meeting
May 05,2017

Investment & Precision Castings will hold a meeting of the Board of Directors of the Company on 23 May 2017.

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Permanent Magnets to hold board meeting
May 05,2017

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Shricon Industries to hold board meeting
May 05,2017

Shricon Industries will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Stewarts & Lloyds of India to hold board meeting
May 05,2017

Stewarts & Lloyds of India will hold a meeting of the Board of Directors of the Company on 5 May 2017.

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Bajaj Electricals to hold board meeting
May 05,2017

Bajaj Electricals will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Menon Pistons announces resignation of director
May 05,2017

Menon Pistons announced that Nitin Menon, Director of the Company (DIN - 00692754) has tendered his resignation from the Board of Directors of the Company with effect from 04 May 2017 due to personal and own business commitments.

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Menon Pistons announces cessation of director of Menon Bearings
May 05,2017

Menon Pistons announced that Sachin Menon, Managing Director of Menon Pistons has stepped down as a director of Menon Bearing, Kolhapur.

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MCX descends after weak Q4 result
May 05,2017

The result was announced after market hours yesterday, 4 May 2017.

Meanwhile, the S&P BSE Sensex was down 154.89 points or 0.51% at 29,971.32. The S&P BSE Mid-Cap index was down 10.37 points or 0.07% at 15,475.38.

On BSE, so far 53,000 shares were traded in the counter, compared with average daily volume of 47,887 shares in the past one quarter. The stock hit a high of Rs 1,138 and low of Rs 1,103.65 so far during the day. The stock hit a 52-week high of Rs 1,420 on 3 October 2016. The stock hit a 52-week low of Rs 852 on 20 May 2016.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of Indias (MCX) earnings before interest, taxation, depreciation and amortization (EBITDA) decreased 43% to Rs 37.42 crore in Q4 March 2017 over Q4 March 2016.

Mrugank Paranjape, MD & CEO, MCX said that while the second half of the financial year did witness adverse impact on volumes in certain segments, the company believes the governments initiatives will go a long way in strengthening the market. Along with the companys diverse portfolio of products, the introduction of options trading and permitting certain categories of institutions in the commodity derivatives market will help in widening the market through greater financial inclusion, Mrugank Paranjape said.

MCX is Indias first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities.

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GE Power India intimates of change in promoter holding
May 05,2017

GE Power India announced that GE Energy Europe B.V. (GEEE B.V.) on 02 May 2017 has sold its entire shareholding (13,789 shares) in GE Power India to another promoter, Alstom Finance B.V. presently known as Alstom India Tracking B.V). On account of this transaction, GEEE B.V. has ceased to hold any shares in the Company.

Accordingly GEEE B.V. shall no longer be disclosed as a promoter in any disclosures made by the Company in accordance with applicable laws in India and in the shareholding pattern of the Company, on a going forward basis.

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L&T Finance Holdings allots 16,72,146 equity shares
May 05,2017

L&T Finance Holdings announced that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on 04 May 2017 has approved the allotment of 16,72,146 (Sixteen Lakhs Seventy Two Thousand and One Hundred Forty Six) equity shares to those option grantees who had exercised their options under ESOS. The said shares will rank pari-passu with the existing equity shares of the Company in all respects.

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Air Cargo To Grow at 9 per cent in Next Few Years
May 05,2017

The Minister for Civil Aviation, Shri Ashok Gajapathi Raju said that the country has seen significant growth in domestic air traffic and infrastructure development. He said that his Ministry is taking steps to make air transport affordable to the common man through the Regional Connectivity Scheme. He also said that air cargo which is likely to grow 9% in a next few years and hence logistic parks will help that growth.

The Secretary of Ministry of Civil Aviation, Shri R.N. Choubey informed that air cargo globally and domestically constituted just 1% in terms of volume, but almost 25% in terms of value as air cargo was mostly valuable, perishable and time sensitive. He said that a Common Framework would be created in a years time for air cargo so that freight operators, airlines, security as well addressees come within one system. This will bring efficiency in handling air cargo. The Secretary also informed that Common User Cargo Terminals would be created at 17 airports. He also said that the free period for air cargo had been brought down from 72 to 48 hours to ensure faster movement out of terminals. He said that Civil Aviation would be a great beneficiary of all the steps taken to improve transport and logistics in the country and therefore had great expectations from the Summit.

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Board of ICICI Bank recommends final dividend
May 05,2017

ICICI Bank announced that the Board of Directors of the Company at its meeting held on 3 May 2017, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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