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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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Board of Pervasive Commodities approves acquisition of Vardhaman Infracon
Jun 06,2017

The Board of Directors of Pervasive Commodities have resolved to acquire 100% stake in Vardhaman Infracon in their Board meeting held on 03 June 2017.

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Advanced Enzyme Technologies to acquire 80% stake in Palm Techno Ventures Enzyme Sdn Bhd
Jun 06,2017

Advanced Enzyme Technologies has entered into definitive agreement to acquire 80% stake holding in Palm Techno Ventures Enzyme Sdn Bhd. The said acquisition is expected to be completed by end of June 2017. Upon such acquisition, PTVE shall become subsidiary of the Company.

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Kirloskar Pneumatic Company provides GST registration details
Jun 06,2017

Kirloskar Pneumatic Company has provided the GST ID No. (Provisional) of the Company as under -

27AAACK2479C1ZP

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Indiabulls Ventures allots 47,390,000 equity shares
Jun 06,2017

Indiabulls Ventures has issued and allotted an aggregate of 47,390,000 fully paid up equity shares of face value of Rs. 2/- each of the Company, at an issue price of Rs. 94.70 (including a premium of Rs. 92.70) per equity share, to Tamarind Capital, a company incorporated in Singapore.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 881,264,804 divided into 440,632,402 equity shares of face value of Rs. 2/- each.

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Dishman Pharmaceuticals and Chemicals provides update on scheme of arrangement & amalgamation
Jun 06,2017

Dishman Pharmaceuticals and Chemicals announced that the Management Committee of Board of Directors of Dishman Carbogen Amcis, vide resolution passed in their meeting held on 6 June 2017, have issued and allotted 16,13,94,272 equity shares of Rs.2/- each, as fully paid-up equity shares to the shareholders of Dishman Pharmaceuticals and Chemicals in the ratio of 1 share of Dishman Carbogen Amcis for every 1 share held in Dishman Pharmaceuticals and Chemicals to those shareholders whose names appear in the Register of Members / List of Beneficial owners as on the Record Date i.e. on 31 May 2017 pursuant to the Scheme of Arrangement and Amalgamation amongst Dishman Pharmaceuticals and Chemicals, Carbogen Amcis (India) and Dishman Care duly approved by the Honble High Court of Gujarat vide its order dated 16 December 2016.

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Board of Adani Power approves slump sale of Mundra Undertaking to its subsidiary
Jun 06,2017

The Board of Directors of Adani Power has considered and approved the slump sale of its Mundra Power Generating Business Undertaking generating 4620 MW of power to its subsidiary - Adani Power (Mumdra).

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Lakshmi Vilas Bank appoints director
Jun 06,2017

Lakshmi Vilas Bank announced that subsequent to the approval granted by the Reserve Bank of India, the Board of Directors of the Bank at their meeting held on 06 June 2017 have co-opted B K Manjunath as Additional Director in the category of Non-Executive and Independent Director and also appointed him as the Part-time Chairman of the Bank for a tenure of three years effective from the date of taking charge i.e. 06 June 2017.

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Kaveri Seed Company fixes record date for buyback of shares
Jun 06,2017

Kaveri Seed Company has fixed 16 June 2017 as the Record date for the purpose of Buyback of Equity Shares of the Company.

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India Glycols Ennature Bio-pharma Division ceases to be Export Oriented Undertaking
Jun 06,2017

India Glycols announced that upon application made by the Company and as allowed by the Noida Special Economic Zone (NSEZ), Ministry of Commerce and Industry, Noida, Uttar Pradesh vide its letter dated 31 May 2017, the Ennature Bio-pharma Division of the Company at Dehradun ceases to be 100% Export Oriented Undertaking (EOU).

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Canara Bank reviews MCLR rates
Jun 06,2017

Canara Bank has renewed MCLR rates with effect from 07 June 2017 as under -

Overnight - 8.10%
One month - 8.15%
Three month - 8.20%
Six month - 8.35%
One year - 8.40%.

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Tata Consultancy Services and Siemens collaborate for IoT innovation
Jun 06,2017

Tata Consultancy Services and Siemens unveiled a new collaboration around Internet of Things innovation. Focused on customers in the manufacturing, energy, building technology, healthcare and railway industries the partnership will enable customers to benefit from new data insights and services based on MindSphere, the Cloud based, open IoT operating systems from Siemens.

Through this partnership, TCS will also support developments around MindConnect Nano, the Cloud gateway that can be used to connect production to cloud based analysis of machine and production data. In addition, this new partnership will see Siemens and TCS work to explore implementing the MindSphere core platform, including operations and support services such as application and infrastructure management as well as analytical and testing services.

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Oil India makes a hydrocarbon discovery in Baghjan Petroleum Mining Lease
Jun 06,2017

Oil India through its exploratory efforts has made one hydrocarbon discovery in the Baghjan Petroleum Mining Lease in the Upper Assam Basin in the month of May 2017 in the well south Baghjan-2. Presently, the well is put on regular production.

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Monsoon Seasonal Rainfall likely to be 98% of the Long Period Average
Jun 06,2017

The second stage forecast  of Southwest monsoon seasonal rainfall was issued by Indian Meteorological Department(IMD) in New Delhi today.  IMD has forecast that quantitatively, the monsoon seasonal rainfall for the country as a whole is likely to be 98% of the Long Period Average (LPA) with an error of n++ 4%.

 

HIGHLIGHTS

 

n++     Rainfall over the country as a whole for the 2017 southwest monsoon season (June to September) is most likely to be NORMAL (96% to 104% of long period average (LPA)).

n++     Quantitatively, monsoon season rainfall for the country as a whole is likely to be 98% of the LPA with a model error of n++4%.

n++     Region wise, the season rainfall is likely to be 96% of LPA over North-West India, 100% of LPA over Central India, 99% of LPA over South Peninsula and 96% of LPA over North-East India all with a model error of n++ 8 %.

n++     The monthly rainfall over the country as whole is likely to be 96% of its LPA during July and 99% of LPA during August both with a model error of n++ 9 %. 

 

India Meteorological Department (IMD) had issued the first stage operational long range forecasts for the southwest monsoon season (June-September) 2017 rainfall over the country as a whole on 18th April.  In addition to the update of its April assessment, forecasts for the monthly rainfall for July and August 2017 over the country as a whole, and seasonal rainfall forecast for the 4 broad geographical regions of India (NW India, NE India, Central India and South Peninsula) are also presented.

 

The forecast update for the southwest monsoon season (June-September) rainfall over the country as a whole was prepared using a 6-parameter Statistical Ensemble Forecasting System (SEFS). The 6 predictors used are: NE Pacific to NW Atlantic Sea Surface Temperature (SST) Anomaly Gradient (December + January), Southeast equatorial Indian Ocean SST (February), East Asia Mean Sea Level Pressure (February + March), Central Pacific (Nino 3.4) SST tendency (December to February to March to May), North Atlantic Mean Sea Level Pressure (May) and Northcentral Pacific 850 zonal wind gradient (May).

 

Dynamical forecast update generated in real time based on the Monsoon Mission Coupled Forecasting System (MMCFS) is also presented. The latest version of the MMCFS (currently operated horizontal resolution of 38km (T382)) is now implemented for operational use for rigorous performance evaluation on an experimental model in parallel with the SEFS at the Office of Climate Research and Services, IMD, Pune upon its transfer from Indian Institute of Tropical Meteorology, Pune.

 

Sea Surface Temperature Conditions in the Pacific & Indian Oceans

 

Since mid-March 2017, warm ENSO neutral conditions are prevailing over the tropical Pacific. The atmospheric conditions over the Pacific also reflect neutral ENSO conditions. The latest forecast from MMCFS indicates neutral ENSO conditions are likely till end of this year. This is in line with the forecasts from some of the global climate centers. However, outlook from other global climate centers also indicates about 60% probability of development of weak El Nin++o conditions during the second half of this year (2017).    

 

In addition to the ENSO conditions over Pacific, other factors such as the Indian Ocean SSTs have also influence on monsoon rainfall.  At present, neutral Indian Ocean Dipole (IOD) conditions are prevailing over Indian Ocean. The latest forecast from the MMCFS indicates weak positive IOD conditions are likely to develop during the monsoon season.

 

The second Stage Forecasts of Southwest Monsoon Seasonal Rainfall for 2017

 

i)                    Monsoon Mission Coupled Forecasting System (MMCFS)

The latest experimental forecast based on the MMCFS suggest that the monsoon rainfall during the 2017 monsoon season (June to Septe

Sical Logistics gets LoA for excavation of overburden at Bharatpur Mines, Odisha
Jun 06,2017

Sical Logistics has been awarded with a Letter of Acceptance by Mahanandi Coal Fields for extraction of coal / coal measure strata by deploying surface miners on hiring basis, mechanical transfer of the same by pay loaders into tipping trucks and transportation from surface miner face to different destinations at Bharatpur for an extraction quantity of 24368779 Cu.M. over a period of 1095 days at a contracted value of Rs 289 crore.

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Tirupati Sarjan reschedules board meeting
Jun 06,2017

The Board of Directors meeting of Tirupati Sarjan has been rescheduled to 15 June 2017.

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