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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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HealthCare Global Enterprises to acquire 17.72% stake in Suchirayu Health Care Solutions
Aug 19,2017

HealthCare Global Enterprises has entered into a Share Purchase Agreement and Shareholders Agreement relating to the purchase of shares of Suchirayu Health Care Solutions (Suchirayu) to an extent of 17.72% for a cash consideration of Rs 5 lakh.

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Board of Intellect Design Arena approves allotment of 2.31 cr rights shares
Aug 19,2017

Intellect Design Arena announced that the Board of the Company at its meeting held on 19 August 2017 has approved the allotment of 2,31,35,710 fully paid up Rights Equity Shares of face value of Rs. 5/- each at a price of Rs. 86 (including premium of Rs. 81) per Rights equity share to the eligible equity shareholders of the Company on the basis of allotment as approved by NSE, the designed stock exchange.

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DCM Financial Services gets extension to hold AGM
Aug 19,2017

DCM Financial Services has been granted extension of two months (up to 30 November 2017) to hold its AGM by the RoC, Delhi & Haryana.

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Bank of Maharashtra intimates of bank strike
Aug 19,2017

Bank of Maharashtra announced that the United Forum of Bank Unions has given a call for one day strike on 22 August 2017.

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Max Financial Services to allot 4,07,768 shares
Aug 19,2017

Max Financial Services announced that the Nomination and Remuneration Committee of the Company, on 18 August 2017, approved allotment of 4,07,768 equity shares of Rs.2/- each of the Company for cash, to certain stock option-holders arising from the exercise of Stock Options granted by the Company earlier.

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Web Based System for Online Processing of Application for ICD/CFS/AFS
Aug 19,2017

The Government has simplified the process for companies to set up an Inland Container Depot (ICD)/ Container Freight Station (CFS)/Air Freight Station (AFS). The improved procedure is aimed at ensuring a speedier and more transparent approval process. Towards this objective, companies can now make their application online and view its progress/update on-line, without a visit to any government office. Also this is a pioneer attempt as a major Inter-Ministerial IT application rather than a mere Intra-Ministerial IT initiative.

The approval process for setting up an ICD/CFS/AFS involves many departments. This is facilitated through an Inter-Ministerial Committee (IMC) which consists of officials from Ministries of Commerce, Finance (Dept. of Revenue), Railways and Shipping. If required, the view of the respective State Government is also sought. This IMC is housed in the Department of Commerce which is mandated to act as a single window for the approval process.

CURRENT PROCESS

In the current process the applicant submits as many as ten physical copies of the application form with the requisite documents to the Infrastructure Division at Department of Commerce (DoC), New Delhi, besides one copy with the Jurisdictional Commissioner of Customs.

The current process of examination of the application is very cumbersome and the application form is very bulky with the ancillary material running into almost 500-1000 pages. This is initially scrutinized by the Department of Commerce for adherence to the land acquisition guidelines. Copies of the application are then sent to Ministry of Railways, Shipping, Civil Aviation and Department of Revenue (CBEC) for scrutiny and comments. Department of Revenue (CBEC) then sends the copies of this application to the Jurisdictional Commissioners in the field and thereafter on receiving a report from them sends their clearances to Department of Commerce. Upon receiving the comments from the Ministry of Railways, Shipping, Civil Aviation and Department of Revenue (CBEC), Department of Commerce convenes the meeting of Inter-Ministerial Committee where the application is reviewed on the basis of the comments received, and a decision taken on issue of the Letter of Intent (LoI) to the applicant.

Upon receiving the approval, the applicant is required to set up the infrastructure within one year from the date of approval. The IMC may grant an extension of six months after reviewing the justification for delays given by the party.

After the applicant has put up the required infrastructure, conformed with the security standards of the Jurisdictional Commissioner of Customs and provided a bond backed by bank guarantee to the Customs, a final clearance and Customs notification is issued by the Customs department which then declares the facility operational.

IMPROVED PROCESS

There have been frequent complaints from the Stakeholders (applicants) that the manual process is very cumbersome and not only does it result in loss of documents in the transit but also there is lack of transparency regarding the status of various clearances by the various agencies/departments. There have been persistent demands from the various stakeholders to streamline the processes and therefore, Department of Commerce embarked upon a project to have the complete process made online for the convenience of the applicants.

Now with the culmination of the project, the backend process will also be online and the applicant can see the various stages of processing of his application in the various Ministries/Departments as it is visible online.

Apart from saving reams of paper, the process also brings about greater transparency by disclosing the status of the application. This includes sending out SMS and Email alerts to keep all the stakeholders abreast with the progress.

This approach was conceived under the broader umbrella motto of the government - n++Minimum Government, Maximum Governancen++ espoused by honourable Prime Minister Shri Narendra Modi

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Kharif Crop Sowing Crosses 976 Lakh Hectare Area
Aug 18,2017

The total sown area as on 18th August 2017, as per reports received from States, stands at 976.34 lakh hectare as compared to 984.57 lakh hectare at this time last year.

 It is reported that rice has been sown/transplanted in 341.58 lakh ha, pulses in 130.68 lakh ha, coarse cereals in 171.75 lakh ha, sugarcane in 49.78 lakh hectare and cotton in 118.14 lakh ha.

 The details of the area covered so far and that covered during this time last year are given below:

                                                                                                                                Lakh hectare 

CropArea sown in 2017-18Area sown in 2016-17Rice341.58340.14Pulses130.68135.42Coarse Cereals171.75179.17Oilseeds157.36175.10Sugarcane49.7845.64Jute & Mesta7.057.56Cotton118.14101.54Total976.34984.57

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SSPDL consolidated net profit declines 98.60% in the June 2017 quarter
Aug 18,2017

Net profit of SSPDL declined 98.60% to Rs 0.10 crore in the quarter ended June 2017 as against Rs 7.13 crore during the previous quarter ended June 2016. Sales declined 40.38% to Rs 18.63 crore in the quarter ended June 2017 as against Rs 31.25 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales18.6331.25 -40 OPM %8.0033.50 - PBDT0.7010.03 -93 PBT0.599.85 -94 NP0.107.13 -99

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RPP Infra Projects standalone net profit rises 23.73% in the June 2017 quarter
Aug 18,2017

Net profit of RPP Infra Projects rose 23.73% to Rs 7.77 crore in the quarter ended June 2017 as against Rs 6.28 crore during the previous quarter ended June 2016. Sales rose 32.70% to Rs 112.48 crore in the quarter ended June 2017 as against Rs 84.76 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales112.4884.76 33 OPM %14.3915.70 - PBDT11.7410.11 16 PBT10.318.78 17 NP7.776.28 24

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Advance Petrochemicals standalone net profit rises 100.00% in the June 2017 quarter
Aug 18,2017

Net profit of Advance Petrochemicals rose 100.00% to Rs 0.04 crore in the quarter ended June 2017 as against Rs 0.02 crore during the previous quarter ended June 2016. Sales declined 0.81% to Rs 2.44 crore in the quarter ended June 2017 as against Rs 2.46 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2.442.46 -1 OPM %9.026.91 - PBDT0.090.07 29 PBT0.050.02 150 NP0.040.02 100

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Suyog Telematics standalone net profit rises 42.25% in the June 2017 quarter
Aug 18,2017

Net profit of Suyog Telematics rose 42.25% to Rs 4.68 crore in the quarter ended June 2017 as against Rs 3.29 crore during the previous quarter ended June 2016. Sales rose 55.90% to Rs 19.30 crore in the quarter ended June 2017 as against Rs 12.38 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales19.3012.38 56 OPM %46.0146.45 - PBDT7.625.04 51 PBT6.594.52 46 NP4.683.29 42

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Shri Aster Silicates reports standalone net loss of Rs 0.53 crore in the June 2017 quarter
Aug 18,2017

Net Loss of Shri Aster Silicates reported to Rs 0.53 crore in the quarter ended June 2017 as against net loss of Rs 11.49 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Shree Precoated Steels reports standalone net loss of Rs 0.23 crore in the June 2017 quarter
Aug 18,2017

Net Loss of Shree Precoated Steels reported to Rs 0.23 crore in the quarter ended June 2017 as against net loss of Rs 0.33 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Urbaknitt Fabs reports standalone net loss of Rs 0.34 crore in the June 2017 quarter
Aug 18,2017

Net loss of Urbaknitt Fabs reported to Rs 0.34 crore in the quarter ended June 2017 as against net profit of Rs 1.24 crore during the previous quarter ended June 2016. Sales declined 84.47% to Rs 0.25 crore in the quarter ended June 2017 as against Rs 1.61 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.251.61 -84 OPM %-112.008.70 - PBDT-0.291.52 PL PBT-0.321.49 PL NP-0.341.24 PL

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Advance Multitech standalone net profit rises 416.67% in the June 2017 quarter
Aug 18,2017

Net profit of Advance Multitech rose 416.67% to Rs 0.62 crore in the quarter ended June 2017 as against Rs 0.12 crore during the previous quarter ended June 2016. Sales declined 11.93% to Rs 3.10 crore in the quarter ended June 2017 as against Rs 3.52 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.103.52 -12 OPM %32.5811.08 - PBDT0.860.34 153 PBT0.670.15 347 NP0.620.12 417

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