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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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Board of Spectrum Foods accepts resignation of director
Oct 07,2016

Spectrum Foods announced that the Company received Resignation Letter dated 07 October 2016 of Archana Saboo, Non executive Director of the company and the Company considered, accepted and taken on record the same in its Board meeting held on 07 October 2016.

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Board of Emerald Leisures appoints director
Oct 07,2016

Emerald Leisures announced that the Board of Directors of the Company, at their meeting held on 07 October 2016 have appointed Jaydeep Vinod Mehta as an Additional Director pursuant to Section 152 and Section 161 of the Companies Act, 2013.

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Board of Decillion Finance appoints company secretary and compliance officer
Oct 07,2016

Decillion Finance announced that a meeting of the Board of Directors of the Company was held on 07 October 2016, where Rama Kant Mishra was appointed as the Company Secretary and Compliance Officer of the Company w.e.f. 07 October 2016.

Consequent to which Jitendra Kumar Goyal, Managing Director will no longer serve as the compliance officer of the company w.e.f. 07 October 2016.

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Outcome of board meeting of Scintilla Commercial & Credit
Oct 07,2016

The Board of Directors of Scintilla Commercial & Credit at its meeting held on 06 October 2016 approved the appointment of Mahesh Kumar Kejriwal as non -executive additional independent director of the Company. The Board also approved the resignation of Prabhat Kumar Marda as CFO of the Company with effect from 06 October 2016.

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Rishi Techtex to issue equity shares
Oct 07,2016

Rishi Techtex announced that in the Meeting of the Preferential Issue Committee of the Board of Directors of the Company held on 07 October 2016 the Committee approved the issue and allotment of 10,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 22/- per share to the allottees.

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Board of Ankit Metal & Power appoints company secretary
Oct 07,2016

Ankit Metal & Power announced that in the Board Meeting held on 07 October 2016, Jaya Pathak is appointed as Company Secretary and Compliance Officer of the Company with immediate effect.

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Board of Nouveau Global Ventures approves resignation of director
Oct 07,2016

Nouveau Global Ventures announced that the meeting of the Board of Directors of the Company held on 07 October 2016 wherein resignation of Om Prakash Bajaj, Independent Non- Executive Director of the company has been approved and taken on record with immediate effect i.e. from 07 October 2016.

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Board of Himalya International approves resignation of directors
Oct 07,2016

Himalya International announced that the Board of Directors of the Company at its board meeting held on 01 October 2016 has considered and approved the resignation of the following directors with immediate effect -

Sanjiv Kakkar
Anita Kakkar
Keshav Sharma
Col. Praveen Kumar Mehta

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Outcome of board meeting of Prism Medico & Pharmacy
Oct 07,2016

Prism Medico & Pharmacy announced that the Board of Directors of the Company at its meeting held on 07 October 2016 transacted the following -

Increase in Authorised Share Capital of the Company Rs 2 crore to Rs 10 crore and thereby to alter the Memorandum of Association of the Company.

Approved convening of EGM of shareholders of the Company on 04 November 2016 for the shareholders for issuance and allotment of 40,71,428 equity shares of face value of Rs 10 each to the proposed allottees on preferential basis at a price of Rs 28 (including a premium of Rs 18 per equity shares) to the tune of Rs 11.39 crore.

Relevant date for determination of the issue price is 05 October 2016.

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Rupee continues to fall
Oct 07,2016

Rupee closed lower at 66.699/71 per dollar on Friday (07 October 2016), versus its previous close of 66.69/70 per dollar.

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Gartner Survey Reveals Investment in Big Data Is Up but Fewer Organizations Plan to Invest
Oct 07,2016

Big data investments continue to rise but are showing signs of contracting, according to a recent survey by Gartner, Inc. The survey revealed that 48 percent of companies have invested in big data in 2016, up 3 percent from 2015. However, those who plan to invest in big data within the next two years fell from 31 to 25 percent in 2016.

The online survey was conducted in June 2016 among Gartner Research Circle members. In total, 199 members participated and shared their investment plans.

Investment in big data is up, but the survey is showing signs of slowing growth with fewer companies having a future intent to invest, said Nick Heudecker, research director at Gartner. The big issue is not so much big data itself, but rather how it is used. While organizations have understood that big data is not just about a specific technology, they need to avoid thinking about big data as a separate effort.

Big data is a collection of different data management technologies and practices that support multiple analytics use cases. Organizations are moving from vague notions of data and analytics to specific business problems that data can address. Its success depends on a holistic strategy around business outcomes, skilled personnel, data and infrastructure, added Mr. Heudecker.

Getting Big Data Projects to Production Is a Challenge

While nearly three quarters of respondents said that their organisation has invested or is planning to invest in big data, many remain stuck at the pilot stage. Only 15 percent of businesses reported deploying their big data project to production, effectively unchanged from last year (14 percent).

One explanation for this is that big data projects appear to be receiving less spending priority than competing IT initiatives, said Mr. Heudecker. Only 11 percent of respondents from organisations that have already invested in big data reported that their big data investments were as important, or more important, than other IT initiatives, while 46 percent stated that they were less important.

This could be due to the fact that many big data projects dont have a tangible return on investment (ROI) that can be determined upfront, added Mr. Heudecker. Another reason could be that the big data initiative is a part of a larger funded initiative. This will become more common as the term big data fades away, and dealing with larger datasets and multiple data types continues to be the norm.

A further factor to consider is the lack of effective business leadership or involvement in data initiatives. Too often, pilots and experiments are built with ad-hoc technologies and infrastructure that are not created with production-level reliability in mind.

When it comes to big data, many organisations are still finding themselves at the crafting stage, said Jim Hare, research director at Gartner. Industrialization n++ and the performance and stability guarantees that come with it n++ have yet to penetrate big data thinking.

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Abirami Financial Services (India) standalone net profit rises 200.00% in the September 2016 quarter
Oct 07,2016

Net profit of Abirami Financial Services (India) rose 200.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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South Indian Bank standalone net profit rises 18.36% in the September 2016 quarter
Oct 07,2016

Net profit of South Indian Bank rose 18.36% to Rs 110.52 crore in the quarter ended September 2016 as against Rs 93.38 crore during the previous quarter ended September 2015. Total Operating Income rose 3.22% to Rs 1450.18 crore in the quarter ended September 2016 as against Rs 1404.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income1450.181404.98 3 OPM %70.9074.09 - PBDT169.01145.56 16 PBT169.01145.56 16 NP110.5293.38 18

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Oceanaa Biotek Industries to hold board meeting
Oct 07,2016

Oceanaa Biotek Industries will hold a meeting of the Board of Directors of the Company on 20 October 2016 to consider and approve the unaudited (limited reviewed) standalone financial results for the half year ended September 30, 2016.

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Decillion Finance to hold board meeting
Oct 07,2016

Decillion Finance will hold a meeting of the Board of Directors of the Company on 7 October 2016.

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