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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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Rachana Capital & Securities opens two branch offices
Apr 25,2017

Rachana Capital & Securities has opened two branch offices as per details given here in below :

1. Purchase & Processing office Post Office Nandeshma Gogunda, Pin Code : 313708 Dist.: Udaipur (Rajasthan) Customer Care No.: 7726991983 / 9768868773
2. Sales & Marketing Office 601/B, 6th Floor, Sahyog CHS Ltd., Near Poddar Shopping Center, S V Road, Kandivvali West, Mumbai 400 067 Phone :9619468938
Both the above branches will manage Companys new business venture of Aurvedic and Herbs.

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Asian Oilfield Services provides business update
Apr 25,2017

Asian Oilfield Services has successfully completed the mobilization of Crew and Equipment of 2 contracts (client details - Oil India and Bashneft International BV, Netherlands) totalling Rs. 111 crore approximately.

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IndusInd Bank allots 5,159 equity shares
Apr 25,2017

IndusInd Bank has allotted 5,159 (Five Thousand One Hundred Fifty Nine) equity shares of Rs. 10/- (Rupees Ten Only) each on 25 April 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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Zydus receives final approval for Olmesartan Medoxomil Tablets
Apr 25,2017

Zydus Cadila has received the final approval from the USFDA to market Olmesartan Medoxomil Tablets in strengths of 5 mg, 20 mg and 40 mg. This is a day one approval after the expiry of 181 day exclusivity. The drug is an anti-hypersensitive and will be produced at the groups formulations manufacturing facility at the Pharma SEZ in Ahmedabad.

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FDEC commences roll-out of Malaria demonstration project
Apr 25,2017

The Foundation for Disease Elimination and Control of India (FDECINDIA),Indian Council of Medical Research and Govt. of Madhya Pradesh on 25 April 2017 announced Phase 1 roll-out of Malaria demonstration project in Mandla, Madhya Pradesh.

This Phase will focus on community awareness and education programs among the community residents in Mandla. The launch was announced by Minister of State for Health Fagan Singh Kuleste at a function held in Kalpi Guest House to coincide with World Malaria Day.

The Foundation for Disease Elimination and Control of India (FDEC-INDIA) has been established by Sun Pharmaceutical Industries.

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Alembic Pharma rises after USFDA approvals for drugs
Apr 25,2017

The announcement was made during market hours today, 25 April 2017.

Meanwhile, the S&P BSE Sensex was up 241.56 points, or 0.81% to 29,897.40.

On the BSE, 12,483 shares were traded in the counter so far, compared with average daily volumes of 59,265 shares in the past one quarter. The stock had hit a high of Rs 629 and a low of Rs 605 so far during the day.

The stock had hit a 52-week high of Rs 709.30 on 23 March 2017. The stock had hit a 52-week low of Rs 517.90 on 24 June 2016.

It had underperformed the market over the past one month till 24 April 2017, gaining 0.51% compared with the Sensexs 0.8% rise. The scrip had also under performed the market over the past one quarter, advancing 3.37% as against the Sensexs 8.33% rise.

The large-cap company has equity capital of Rs 37.70 crore. Face value per share is Rs 2.

Alembic Pharmaceuticals announced that it has received final approvals from the United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Olmesartan Medoxomil Tablets, 5mg, 20mg and 40mg and Olmesartan Medoxomil with Hydrochlorothiazide Tablets 20/12.5 mg, 40/12.5 mg and 40/25 mg.

The approved ANDAs are therapeutically equivalent to the reference listed drug products (RLDs) Benicar Tablets 5mg, 20mg and 40 mg and Benicar HCT Tablets, 20/12.5 mg, 40/12.5 mg and 40/25 mg of Daiichi Sankyo Inc. The approved ANDAs are indicated for the treatment of hypertension.

Benicar and Benicar HCT had an estimated annual market size of $1.8 billion in US for twelve months ended 31 December 2016, according to IMS.

Alembic now has a total of 55 ANDA approvals (49 final approvals and 6 tentative approvals) from the USFDA.

On a consolidated basis, net profit of Alembic Pharmaceuticals declined 67.8% to Rs 86.55 crore on 15.9% decline in net sales to Rs 769.86 crore in Q3 December 2016 over Q3 December 2015.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, manufactures and markets generic pharmaceutical products all over the world.

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Board of Stanrose Mafatlal Investment & Fin. recommends final dividend
Apr 25,2017

Stanrose Mafatlal Investment & Fin. announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Board of Rallis India recommends special dividend
Apr 25,2017

Rallis India announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the special dividend of Rs 1.25 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Rallis India to hold AGM
Apr 25,2017

Rallis India announced that the Annual General Meeting (AGM) of the company will be held on 23 June 2017.

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Board of UltraTech Cement recommends final dividend
Apr 25,2017

UltraTech Cement announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Khaitan Chemicals & Fertilizers to hold board meeting
Apr 25,2017

Khaitan Chemicals & Fertilizers will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and adopt the Audited Accounts for the financial year ended 31 March 2017.

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Government and World Bank Sign New Agreement for Better Water Planning and Management Across India
Apr 25,2017

The Government of India and the World Bank signed the US$ 175 million loan agreement for the National Hydrology Project. The project will strengthen the capacity of institutions to assess the water situation in their regions and reduce their vulnerability to recurring flood and droughts, saving hundreds of lives and livelihoods.

With rainfall in India being highly seasonal and 50 percent of precipitation falling in just 15 days and over 90 percent of river flows in just four months, the country continues to be water-stressed and is faced with the challenge of managing its water needs amidst recurring floods and drought.

The project is expected to help forge an integrated approach to developing, managing, and regulating both surface and groundwater resources jointly at the basin and aquifer scale. It would also strengthen the institutional capacity for integrated water resources management at the center and in the states,n++ said Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India.

The National Hydrology Project, will build on the success of the Hydrology Project-I and Hydrology Project-II, under which, for the first time, real-time flood forecast systems were integrated with weather forecasts in two large river systems (Krishna and Satluj-Beas), giving reservoir managers an accurate picture of the water situation in their region. As a result, the time available for early warnings on flood and preparation for flood management improved from hours to days, which led to saving hundreds of lives and avoided flood damages ranging from US$17 million to US$65 million in a year.

This project will now scale up the successes achieved under HP-I and HP-II to cover the entire country, including the states in the Ganga, and Brahmaputra-Barak basins. Apart from helping states that have already benefited from the earlier two projects to further upgrade and complete their monitoring networks, it will help new states to better manage water flows from the reservoirs. Memorandum of Agreements (MOAs) have already been signed between the central government and the states to integrate and establish the National Water Informatics Center. National Flood Forecasting Systems with an advance warning system and reservoir operation systems as well as water resources accounting in river basins will be included under the project.

n++In the context of climate change, advanced flood management and enhanced river basin planning are essential for building livelihoods and sustaining economic growth,n++ said Genevieve Connors, Program Leader and Acting Country Director, World Bank in India. n++This project has the potential to help communities plan in advance to build resilience against possible uncertainties of climate change.n++

It will also help the states monitor all the important aspects of the hydro-meteorological cycle and adopt the procedures laid out in the earlier projects such as how much rain or snow has fallen right in the catchments of rivers, how rapidly the snow will melt, the speed with which the water is flowing, how much silt has built up, how much water will reach the reservoir, and how soon it will do so. Sensors in the field will instantly transmit this information to data centers through satellite or mobile phone technology, enabling managers to form a clear picture of the water situation unfolding in their region.

n++Based on our experience over the last 20 years in establishing Hydrological Information Systems in southern India and in Himachal Pradesh and Punjab, both national and state governments are now committed to an integrated river basin planning and management. This project responds to this demand by extending its reach to cover the entire country,n++ said Anju Gaur, Senior Water Resources Specialist and World Banks Task Team Leader for the project.

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Winsome Diamonds & Jewellery appoints director
Apr 25,2017

Winsome Diamonds & Jewellery announced that Kalpesh Sanghani has been appointed as an Additional Director with effect from 24 April 2017.

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99 Percent Telecom-related complaints get resolved on Twitter
Apr 25,2017

After the launch of Twitter Sewa by the Minister of Communications Shri Manoj Sinha in August last Year for registration and resolution of complaints, about 99 percent of the complaints have been resolved through the social media. As per data released by BSNL, as on April 15, 2017, it has received a total number of 27,988 complaints and has resolved 27,965 grievances with a resolution rate of 99.91%. The Telecom Minister having twitter account @manojsinhabjp has been calling for daily status reports on resolution of telecom and postal related complaints received through this platform. Similarly, India Post has handled 27,000 tweets and resolved them promptly.

In case of Telecom, consumer complaints relate mainly to telephone bills, broadband connectivity, faulty connections, shifting of landline phones and wi-fi hotspots, while in the case of postal services complaints are mainly in the nature of slow delivery of their articles containing PAN Cards, Roll numbers, parcels, money orders and medicines etc. Issues relating to repairs of Post Office buildings, technical issues with saving banks accounts are also sorted out quickly.

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Volumes jump at Welspun Corp counter
Apr 25,2017

Welspun Corp clocked volume of 69.18 lakh shares by 13:49 IST on BSE, a 165.87-times surge over two-week average daily volume of 42,000 shares. The stock surged 6.04% at Rs 86.85.

Essar Shipping notched up volume of 31.46 lakh shares, a 73.2-fold surge over two-week average daily volume of 43,000 shares. The stock jumped 9.98% at Rs 33.60.

Kalpataru Power Transmission saw volume of 3.02 lakh shares, a 32.86-fold surge over two-week average daily volume of 9,000 shares. The stock rose 0.86% at Rs 351.35.

Indian Bank clocked volume of 15.12 lakh shares, a 15.16-fold surge over two-week average daily volume of 1 lakh shares. The stock spurted 9.01% at Rs 310.85.

Biocon saw volume of 3 lakh shares, a 8.81 -fold rise over two-week average daily volume of 34,000 shares. The stock surged 9.95% at Rs 1,172.

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