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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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Yes Bank plans to raise funds upto Rs 10000 crore
Dec 15,2016

Yes Bank announced that the Bank has necessary approvals from the Board of Directors and Shareholders to borrow/ raise funds in Indian /foreign currency by issue of debt securities including but not limited to non-convertible debentures, MTN (Medium Term Notes), bonds (including bonds forming part of Tier I/ Tier II capital in accordance with and subject to the terms and conditions specified in the Basel III Capital Regulations prescribed by RBI, long-term infrastructure bonds or such other securities as may be permitted by RBI from time to time) upto Rs. 10,000 crore (Rupees Ten Thousand Crores Only) by the Bank, in one or more tranches on private placement basis from time to time.

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Welspun India forays into flooring solutions
Dec 15,2016

Welspun India has expanded its product portfolio and announced its foray into flooring solutions with the foundation stone laying of Rs 600 crore state-of-the-art facility in Anjar, Gujarat to manufacture carpets, area rugs and carpet tiles. This facility will have an annual capacity of approximately 7 million square meters.

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Great Eastern Shipping Company takes delivery of Secondhand Supramax Dry Bulk Carrier
Dec 15,2016

Great Eastern Shipping Company has taken delivery of a secondhand Supramax Dry Bulk Carrier Jag Radha (2009 Built) of about 58,000 dwt. The company had contracted to buy the vessel in October 2016.

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Coastal Corporation provides update on proposed rights issue
Dec 15,2016

Coastal Corporation announced that the Management Committee as authorized by the Board of Directors in their Meeting held on 01 February 2016, has approved the following pertaining to the Right Issue:

In consultation with the Lead Manager to the Right Issue, the Management Committee at its meeting held on 08 December 2016 has decided to issue equity shares on Right basis in the ratio of 1:1 i.e. 1 Equity Share for every 1 Fully Paid Up Equity Share held as on the Record Date to be fixed at a later date. The issue size for the upcoming Right Issue will be upto Rs. 4 crore.

Further, terms of the Rights Issue including the issue price, book closure or record date, timing of the issue etc will be decided later, in consultation with the Lead Managers to the Right Issue.

Such details shall be informed and/ Or announced in due course as and when decided or required, as per applicable statutory provisions.

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Majesco partners with The Norfolk and Dedham Group
Dec 15,2016

Majesco announced that The Norfolk and Dedham Group have selected Majesco Policy for commercial package in Majesco CloudInsurer.

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Karnataka Bank provides update on rights issue
Dec 15,2016

Karnataka Bank has successfully completed the rights issue of shares in the ratio of 1:2 on record date at a price of Rs 70 per share (including premium of Rs 60 per share). The rights issue which opened on 07 November 2016 closed on 28 November 2016. Overall subscription reached 185.52%. The shares have been allotted on 08 December 2016 and commenced trading with effect from 14 December 2016. With the completion of rights issue, the bank has augmented its capital funds to the extent of Rs 658.96 crore.

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Claris Lifesciences to sell its global injectables business to Baxter
Dec 15,2016

Claris Lifesciences announced that it has entered into definitive agreements with Baxter International for the sale of its global generic injectables business for a total gross consideration of USD 625 million.

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Board of Claris Lifesciences approves sale and transfer of Injectable Business
Dec 15,2016

Claris Lifesciences announced that the Board of Directors of the Company at the meeting held on 15 December 2016 has approved the sale and transfer of the Injectable Business of Claris Lifesciences (CLL or the Company) by way of sale of the following subsidiary companies:

Claris Injectables , Claris Pharmaservices, Elda International DMCC, Claris Lifesciences Inc., Claris Lifesciences (UK), Claris Lifesciences (Aust), Claris Lifesciences Philippines, INC.

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Parle Software Board to review performance of company
Dec 15,2016

Parle Software announced that a meeting of the Board of Directors of the Company for the Financial Year 2016-17 is scheduled to be held on 23 December 2016, inter alia, to consider the followings:-

- To review the performance of the Company.

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Board of Modi Udyog to consider credit facility
Dec 15,2016

Modi Udyog announced that the Meeting of the Board of Directors is scheduled to be held on 19 December 2016, inter alia, to discuss the following matters:

- HDFC Bank sanctions credit facility.

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Board of Jhaveri Credits & Capital accepts resignation of company secretary
Dec 15,2016

Jhaveri Credits & Capital announced that the Board of Directors in their meeting held on 15 December 2016 has approved the resignation of Chintan H Vakil, from position of Company Secretary (key managerial personnel) and Compliance officer of the Company with effect from 15 December 2016.

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Board of Akashdeep Metal Industries accepts resignation of company secretary
Dec 15,2016

Akashdeep Metal Industries announced that the Board of Directors of the Company at its meeting held on 14 December 2016 accepted the resignation of Sanjeev Tripathi from the post of Company Secretary with effect from 30 November 2016.

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Outcome of board meeting of iStreet Network
Dec 15,2016

iStreet Network announced that the Board of Directors of the Company at its meeting held on 15 December 2016 has approved the following -

Increase in Authorised Share Capital from Rs 10 crore to Rs 20 crore.

Issue of 16,20,500 equity warrants on preferential basis.

Grant of 7,61,627 ESOPs under iSNL ESOP 2016.

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Board of Kavit Industries to consider change in directorate
Dec 15,2016

Kavit Industries announced that the meeting of Board of Directors of the Company will be held on 24 December 2016, inter alia, to consider the following items:

1. To Appoint Hetal Nandaniya as Additional Director of the Company.

2. To Resign Kalyani Rajeshirke as Director of the Company.

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Board of Avantel to consider scheme of amalgamation
Dec 15,2016

Avantel announced that a meeting of Board of Directors of the Company will be held on 17 December 2016, inter alia for transacting the following businesses:

1. To consider and approve the Postal Ballot and E-voting Notice for obtaining the approval of the Shareholders of the Company to the Scheme of Amalgamation between and Avantel and Wiki Kids and their respective Shareholders and Creditors through voting by Postal Ballot and E-voting.

2. To consider the appointment of MB Suneel, Practising Company Secretary, to act as the Scrutinizer for the Postal Ballot and E-voting Process.

3. To approve holding of the court convened meeting of the shareholders of the Company for obtaining the approval of the Shareholders of the Company to the Scheme of Amalgamation between and Avantel and Wiki Kids and their respective Shareholders and Creditors (Scheme) on 27 January 2017, at 11.00 A.M. at the registered office of the Company situated at Sy No.141, Plot No.47/P, APIIC Industrial Park, Gambheeram (V), Anandapuram (M), Vishakhapatnam - 531163, Andhra Pradesh, India, as directed by the Honble High Court at Hyderabad.

4. To consider and approve the Notice of the Court Convened Meeting.

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