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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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GE Power India wins contract worth Rs 237.6 crore
Apr 06,2017

GE Power India has been awarded a contract worth approximately Rs 237.6 crore (i.e. approximately US $ 35.4 million) by GE Power AG to supply 1 x 150 MW CFB Boiler and Electrostatic Precipitator Components.

The Companys scope of work consists of majorly supply of CFB Boiler Components including Steel Structure, Pressure Parts, all Auxiliaries, duct work, refractory, electrical & instrumentation etc. and Electrostatic Precipitator Components including steel structure, ducting etc.

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Ind-Swift Laboratories director resigns
Apr 06,2017

Ind-Swift Laboratories announced that Pradeep Kumar, Independent Director has resigned from the Board of Director of the Company effective from 06 April 2017.

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RBL Bank opens IFSC Banking Unit
Apr 06,2017

RBL Bank announced the opening of its IFSC Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City).

With this, RBL Bank has commenced offshore banking operations from India.

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Board of Alpine Housing Development Corporation appoints company secretary
Apr 06,2017

The Board of Directors of Alpine Housing Development Corporation has appointed Kurian Zacharias (M No. 35739) as Company Secretary and Compliance Officer of the Company in place of Binu Thomas. The appointment is effective from 20 March 2017.

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Outcome of board meeting of Premier Synthetics
Apr 06,2017

Premier Synthetics announced that the Board of Directors of the Company has transacted the following -

1.Approved to issue up-to 10,00,000 equity shares on Preferential Basis to Public and Directors at issue price determined under the applicable regulations and subject to approval of the stock exchange.

2. Approved the appointment of Anusha Maheshwary as an Additional (Independent) Director of the Company.

3. Approved the appointment of Sunny Sunil Singhi as an Additional (Non-executive) Director of the Company.

4. Approved to open Administrative cum Sales office at Surana House, Opp. Nar- Narayan Complex, Nr. Swastik Char Rasta, Navrangpura, Ahmedabad - 380009.

5. To call Board meeting on 15 April 2017 for calling Extra-ordinary General Meeting

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Tamil Nadu, MP, UP, AP, Chattisgarh lead in implementing urban poverty alleviation programmes
Apr 06,2017

Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and Chattisgarh are ahead of other States in addressing urban poverty during the last three years i.e 2014-17.

Tamil Nadu is in the forefront in assisting urban poor with subsidized loans for self-employment through setting up of individual and group micro enterprises and formation of Self-Help Groups under DeenDayalAntyodaya Yojana-NULM (DAY-NULM) and Uttar Pradesh led in skilling urban poor. Madhya Pradesh stood second in skill training and providing loans support.

Details of performance of leading States under different components of DAY-NULM are as below:

StateNo of urban poor given
skill trainingNo of beneficiaries
gven subsidized loansSelf-Help Groups
formedTamil Nadu

1,04,448

30.25824,245Madhya Pradesh1,17,13326,558  8,973Uttar Pradesh1,89,83114,13815,954Andhra Pradesh   45,23615,61712,278Chattisgarh   30,022  8,18514,393West Bengal   64,277  2,41810,871Karnataka   38,007  8,799  5,021Maharashtra   29,317  8,202  6,921Bihar   29,762     890  8,390Telangana   12,546  3,18210,097Gujarat   12,090  2,216  7,186

National Urban Livelihoods Mission (NULM) was launched in September,2016 with the objective of reducing the poverty and vulnerability of urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities for improvements in their livelihoods on a sustainable basis. NULM which was launched in 790 cities and towns in 2013 was subsequently extended to all the statutory 4,041 cities and towns in February, 2016.

During 2014-17, 8,07,187 urban poor were given skill training, 1,35,158 beneficiaries were given subsidized bank loans for setting up own enterprises and 1,62,285 Self-Help Groups have been formed for taking up income augmenting activities with the support of bank loans.

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Geo-tagging of agriculture assets created under Rashtriya Krishi Vikas Yojna (RKVY): Shri Radha Mohan Singh
Apr 06,2017

A MoU was signed between Rashtriya Krishi Vikas Yojana (RKVY) and National Remote Sensing Centre (NRSC) for geotagging of agriculture land.

Shri Radha Mohan Singh said that Rashtriya Krishi Vikas Yojana (RKVY) works for the development of Agriculture & allied sectors by motivating the states. More than 1.5 lakh assets have been created/ developed under this scheme in agriculture, horticulture, livestock, fisheries and dairy sectors. It is imperative to formulate a national index of the assets to understand them, systemize them and to reduce the gap between demand and supply.

Agriculture Minister said that the government is committed to transparency in governance. Shri Singh said that development of space-related technologies to prepare the list of the assets and their utilisation is a progressive step. Being aware of the realistic status of assets will not only be helpful in monitoring and utilising, but also be extremely useful in formulating development schemes in the agriculture sector. Agriculture Minister added that it will also help in avoiding duplication and pave the way for harmonising a balance between the various schemes of the ministry.

Shri Radha Mohan Singh further added that there is unlimited scope for agriculture development by utilising satellite and remote sensing technologies. The government wants farmers to avail the benefits provided by these technologies. Shri Singh said that by utilising space-related technologies farmers will get timely information about pesticide/residue testing labs, storage infrastructure and agriculture markets.

Agriculture Minister informed that the space technology needs to be developed in the areas such as land resource mapping, pesticides management, soil health mapping, crop yield estimation as well as the identification and assessment of floods like calamities, inland fisheries, animal species identification and sheep rearing and when the technology is developed, the farmers can enjoy quick and instant benefits.

Shri Singh said very soon farmers would utilise the internet and mobile phones to obtain agriculture related information such as fertility of soil, the quantity of fertiliser to be used, condition for sowing potential pests aggression, estimation of yield, godowns, cold storage, agriculture markets as well as identification and availabilities of animal species.

Agriculture Minister showered both the teams as well as states with praise for applying space and remote sensing technologies to monitor agriculture-related assets under RKVY.

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Gopala Polyplast allots 5 lakh warrants
Apr 06,2017

Gopala Polyplast announced that the Board of Directors at their meeting held on 06 April 2017 have allotted 5,00,000 warrants of Rs. 60/- each convertible into 5,00,000 Equity Shares of Rs. 10/- each fully paid up at a premium of Rs. 50/- per share to the allottees who are Non-Promoters.

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Board of Saumya Capital announces change in directorate
Apr 06,2017

The Board of Saumya Capital has appointed Surinder Bir Singh Juneja and Divya Jain as an Indipendant director w.e.f. 06 April 2017. The Board has accepted resignation of Shamsher Singh and Deepika Uttamchandani from the post of directorship w.e.f. 06 April 2017.

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Outcome of board meeting of Avantel
Apr 06,2017

Avantel announced that the Board of Directors of the Company at its meeting held on 06 April 2017 has transacted the following -

1.Resolved to sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) Private Limited together with all the tangible assets for a consideration of Rs. 18 Crores, subject to approval of the shareholders.

2.Approved the Postal Ballot and E-voting Notice for obtaining the approval of the Shareholders of the Company to the sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) .

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Rupees Closes Higher
Apr 06,2017

Rupee closed higher at 64.5400/5500 per dollar on Thursday (06 April 2017), versus its previous close of 64.9300/9400 per dollar.

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Gokak Textiles gets revision in credit ratings
Apr 06,2017

Gokak Textiles announced that ICRA has revised the ratings of the Company.

Fund Based facilities including term loan (Rated on long term scale) - ICRA B+ (Stable)
Fund Based (Rated on short term scale) - ICRA A4

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Huhtamaki PPL allots 28.10 lakh equity shares
Apr 06,2017

Huhtamaki PPL has allotted 28,10,000 Equity Shares of Face Value of Rs. 2/- each (fully paid) to the shareholders of erstwhile Webtech Labels in the ratio of 281 equity shares of Rs. 2/- each of the Company, for every 1 equity share of Face Value of Rs. 10/- each held by them in Webtech Labels, in pursuance of the Scheme of Arrangement/Amalgamation of Webtech Labels with the Company.

Consequent to the above allotment, the paid up equity share capital of the Company has increased from Rs. 14,54,23,868/- consisting of 7,27,11,934 equity shares of face value Rs. 2/- each to Rs. 15,10,43,868/-, consisting of 7,55,21,934 equity shares of face value Rs. 2/- each

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Radaan Mediaworks (I) shifts registered office
Apr 06,2017

Radaan Mediaworks (I) has shifted the registered office from No.10 Paul Appasamy street, T.Nagar, Chennai - 600 017 to No.14 Jayammal Road, Teynampet, Chennai - 600018 with effect from 1 April 2017.

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Gammon India gets NCLT approval for scheme of arrangement
Apr 06,2017

Gammon India announced that the National Company Law Tribunal, Mumbai Bench (NCLT) has at the hearing held on 30 March 2017, approved the Scheme of Arrangement between Gammon India (GIL or the Transferor Company) and Transrail Lighting (TLL or the Transferee Company) and their respective shareholders and creditors (the Scheme) for transfer of the Companys T&D Undertaking.

A certified true copy of the order is awaited from the NCLT. A copy of the said order will be filed with the Registrar of Companies (ROC) Mumbai, as soon as the same is received by the Company. The Scheme will come into effect upon filing of the copy of order with the ROC.

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