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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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Tribhovandas Bhimji Zaveri wins Best Ring Design award
Jan 04,2017

Tribhovandas Bhimji Zaveri has won the Best Ring Design over Rs 2.5 lakh Award at the JJS-IJ Jewellers Choice Design Awards 2016. TBZ-The Original emerged a winner from over 600 entries in 22 product categories.

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Petron Engineering Construction receives LoI from Shree Cement
Jan 04,2017

Petron Engineering Construction announced that the Company has received Letter of Intent from Shree Cement, for Civil Work of Plant Building & Silos and Misc. work at their Orissa Grinding Project at Village : Chandrabali, Shyampur Distt., Cuttack, Orissa for Contract Value of Rs. 33 crores (approximately).

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Prime Securities consolidated net profit rises 87.79% in the December 2016 quarter
Jan 04,2017

Net profit of Prime Securities rose 87.79% to Rs 6.46 crore in the quarter ended December 2016 as against Rs 3.44 crore during the previous quarter ended December 2015. Sales rose 76.60% to Rs 3.32 crore in the quarter ended December 2016 as against Rs 1.88 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.321.88 77 OPM %81.9317.55 - PBDT8.184.45 84 PBT8.154.31 89 NP6.463.44 88

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Som Distilleries & Breweries provides update on new brewery in Karnataka
Jan 04,2017

Som Distilleries & Breweries announced that the Company is promoting a brewery in Karnataka in the name of Woodpecker Distilleries and Breweries Private Limited and the establishment and construction of Brewery plant at Karnataka is on schedule. The company has already availed required Licenses, permission and approvals from Statutory departments and shall be starting its production in the month of June / July 2017 approximately.

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Rupee surges
Jan 04,2017

Rupee closed higher at 68.0499/0700 per dollar on Wednesday (04 January 2017), versus its previous close of 68.3879/4030 per dollar.

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Canara Bank revises MCLR rates
Jan 04,2017

Canara Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) for the month of January 2017.

Overnight - 8.20%
One month - 8.25%
Three month - 8.30%
Six month - 8.40%
One year - 8.45%.

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Board of ISF to consider Q3 results and preferential issue of shares
Jan 04,2017

ISF announced that the meeting of Board of Directors of the Company is scheduled to be held on 11 January 2017 inter alia, to consider and approve:

i. the Unaudited Financial Results of the Company for the 3rd quarter ended on 31 December 2016.

ii. to consider the issue of shares on Preferential Basis.

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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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