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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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Government issues notification of Indian Skill Development Service
Jan 04,2017

The Ministry of Skill Development and Entrepreneurship (MSDE) has issued the notification of setting up of Indian Skill Development Services (ISDS). This service has been created for the Training Directorate of the Ministry of Skill Development and Entrepreneurship.

The purpose of instituting a formal service in Group A category was initiated almost two years back when the Ministry was formed and the union cabinet approved its creation on October 7, 2015. With notification of this service the skill ecosystem is expected to get strengthened and modernised in line with the current scientific and industrial development in the country.

ISDS will be a Group A service where induction will take place through Indian Engineering Service Examination conducted by UPSC. It is an attempt to attract young and talented administrators for Skill Development. The knowledge acquired by the engineers recruited will give new impetus to the initiative of the government to the skill development and also efficient and effective implementation of the schemes. In years to come the ministry will be able to create a workforce of trained skill administrators who will enable us to achieve the goal of increased skilled youths. Administered training is paramount to face big challenge of skilling Indians. Under the leadership of Prime Minister skill development has taken a priority with a hope that Skill India mission will supply huge human resource not only in India but also Internationally. This is a step forward to meet the target of skilling 500 million people by 2022.

The Training Directorate is involved in implementation of various schemes like Craftsmen Training Scheme (CTS) covering 126 trades, Apprenticeship Training Scheme (ATS) covering 259 trades and Skill Development Initiative Scheme (SDIS) for the Modular Employable Skill (MES) covering 578 modules. The Training Directorate also conducts examinations and awards certificates under National Council of Vocational Training (NCVT), they also organise advance skill training supervisory training staff training through its various field institutes spread across country.

The Indian Skill Development Service (ISDS) will have 263 all India posts. The cadre shall comprise of 3 posts at Senior Administrative Grade, 28 posts at Junior Administrative Grade, 120 posts at Senior Time Scale and 112 posts at Junior Time Scale. The Academy for training of the cadre will be National Institute of Skill Development.

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Infosys to announces Q3 results
Jan 04,2017

Infosys will announce the results for its third quarter ended 31 December 2016 on 13 January 2017 around 9.00 am Indian Standard Time. The result will also be available on www.infosys.com.

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Infosys to announce Q3 results
Jan 04,2017

Infosys will announce the results for its third quarter ended 31 December 2016 on 13 January 2017 around 9.00 am Indian Standard Time. The result will also be available on www.infosys.com.

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Board of IP Rings decides entitlement ratio & offer price for proposed rights issue
Jan 04,2017

IP Rings announced that the Board of Directors have taken decision on the following, at their Meeting held on 04 January 2017, in connection with the proposed Rights Issue:

Rights Entitlement Ratio = 4 (Four) Rights Equity Shares for every 5 (Five) Equity Shares held on the Record date

Offer Price: Rs. 88.75 (FV Rs. 10/- per Share + Premium Rs. 78.75 per Share).

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Board of Thirani Projects to consider December quarter results
Jan 04,2017

Thirani Projects announced that a meeting of the Board of Directors of the Company is schedule to be held on 30 January 2017, inter alia, to consider approve and take on record the Un-audited Standalone Financial Results for the quarter ended 31 December 2016.

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Lupin grants stock options
Jan 04,2017

Lupin has granted 656140 options on 03 January 2017 under various ESOPs.

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Bajaj Corp to consider Q3 results and interim dividend
Jan 04,2017

Bajaj Corp announced that the meeting of Board of Directors of the Company is scheduled to be held on 12 January 2017, inter alia, to consider, approve and take on record the Un-Audited Financial Results (Standalone) of the Company for the third quarter ended 31 December 2016. The proposal for declaration of Interim Dividend is also due to be considered by the Board of Directors at the aforesaid Board Meeting.

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Mahindra & Mahindra provides update on its GDR programme
Jan 04,2017

Mahindra & Mahindra has appointed J.P. Morgan Chase Bank, N.A. (JP Morgan) as its overseas Depositary for managing the Global Depositary Receipt (GDR) programme of the Company with effect from 03 January 2017 in place of The Bank of New York, Mellon.

The GDRs of the Company are listed on the Luxembourg Stock Exchange and are also admitted for trading on International Order Book (IOB) of the London Stock Exchange. Each GDR represents one Ordinary (Equity) Share of the Company

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Agenda for board meeting of Bartronics India
Jan 04,2017

Bartronics India announced that meeting of the Board of Directors of the Company is scheduled to be held on 11 January 2017, to consider making investments under section 186 of the companies act, 2013 and to transfer the financial inclusion (FI) division to a wholly owned subsidiary of the Company subject to approvals of members along with any other business/ matters as may be permitted by the Chairman.

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Board of J Taparia Projects to announce December quarter results
Jan 04,2017

J Taparia Projects announced that a meeting of the Board of Directors of the Company is schedule to be held on 30 January 2017, inter alia, to consider, approve and take on record the Un-audited Standalone Financial Results for the quarter ended 31 December 2016.

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FPIs on continuous selling spree
Jan 04,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 536.75 crore into the secondary equity markets on 3 January 2017, higher than their net outflow of Rs 318.71 crore during the preceding trading session on 2 January 2017. The net outflow of Rs 536.75 crore on 3 January 2017 was a result of gross purchases of Rs 1863.97 crore and gross sales of Rs 2400.72 crore. On that day, the Sensex had risen 47.79 points or 0.18% to settle at 26,643.24, its highest level since 13 December 2016.

There was an outflow of Rs 16.28 crore from the category primary market & others on 3 January 2017.

FPIs have sold stocks worth a net Rs 1421.49 crore in January 2017 so far (till 3 January 2017). They sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net outflow of Rs 158.19 crore from FPIs from the category primary market & others in January 2017 so far (till 3 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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BGR Energy Systems secures two contracts for large size water treatment
Jan 04,2017

BGR Energy Systems has secured two contracts aggregating Rs 650 crore marking its foray into large size water treatment.

It has received a contract worth Rs 209.50 crore from Andhra Pradesh Power Development Corporation for manufacture, supply, erection and commissioning of water treatment plant package for 1x800 MW Krishnapatnam Project, Stage 1 (2x800 Mw) unit 1 and 2 and 1x800 MW Stage 2, Unit 3.

The second order is from Chennai Metropolitan Water Supply and Sewerage Board to design, build, operate and maintain 45MLD capacity Tertiary Treatment Reverse Osmosis plant at Kodungaiyur including supply and laying of DI transmission mains for conveyance of product water to various industries in Manali area, Chennai for value of Rs 440 crore.

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Gujarat State Fertilizers & Chemicals to consider Q3 results
Jan 04,2017

Gujarat State Fertilizers & Chemicals announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 23 January 2017, to consider and approve the Unaudited Financial Results for the 3rd quarter ended on 31 December 2016 (Q3).

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Rushil Decor allots convertible warrants
Jan 04,2017

Rushil Dn++cor announced that the Preferential Allotment Committee of the Board of Directors at its meeting held on 04 January 2017 have issued and allotted 3,17,460 convertible warrants at a price of Rs. 630/- per Warrant to Suryakant Hiralal Parikh representing to Family Fund, a Partnership Firm entitling them for the equivalent number of equity shares of the Company of Rs. 10/- each (including premium of Rs. 620/- per share) as per provisions of Sections 42 and 62 of the Companies Act, 2013 read with Rules framed thereunder and Chapter VII of the SEBI (ICDR) Regulations, 2009.

The Company has received the initial payment of Rs. 5 crores (minimum 25% of the total consideration) as per terms of preferential issue of warrants. Company will issue equity shares on receipt of full amount on warrants within time frame.

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Resurgere Mines & Minerals India director resigns
Jan 04,2017

Resurgere Mines & Minerals India announced that Mayur Shah, Non Executive and Independent Director of the Company has resigned, due to his pre-occupation elsewhere, from the office of Director of the Company with effect from 03 January 2017.

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