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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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Ajwa Fun World & Resort reports standalone net loss of Rs 0.25 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Ajwa Fun World & Resort reported to Rs 0.25 crore in the quarter ended September 2016 as against net loss of Rs 0.32 crore during the previous quarter ended September 2015. Sales rose 21.05% to Rs 0.69 crore in the quarter ended September 2016 as against Rs 0.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.690.57 21 OPM %-11.59-29.82 - PBDT-0.09-0.17 47 PBT-0.25-0.32 22 NP-0.25-0.32 22

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Balurghat Technologies standalone net profit declines 23.08% in the September 2016 quarter
Nov 17,2016

Net profit of Balurghat Technologies declined 23.08% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.13 crore during the previous quarter ended September 2015. Sales rose 4.58% to Rs 8.90 crore in the quarter ended September 2016 as against Rs 8.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.908.51 5 OPM %2.812.47 - PBDT0.210.20 5 PBT0.140.16 -13 NP0.100.13 -23

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Crestchem reports standalone net loss of Rs 0.07 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Crestchem reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.04 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.040 0 OPM %-250.000 - PBDT-0.07-0.01 -600 PBT-0.07-0.01 -600 NP-0.07-0.01 -600

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Jaihind Synthetics standalone net profit declines 25.00% in the September 2016 quarter
Nov 17,2016

Net profit of Jaihind Synthetics declined 25.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 60.00% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.05 60 OPM %37.5080.00 - PBDT0.030.04 -25 PBT0.030.04 -25 NP0.030.04 -25

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K-Lifestyle & Industries reports standalone net loss of Rs 14.63 crore in the September 2016 quarter
Nov 17,2016

Net Loss of K-Lifestyle & Industries reported to Rs 14.63 crore in the quarter ended September 2016 as against net loss of Rs 17.86 crore during the previous quarter ended September 2015. Sales declined 64.43% to Rs 9.64 crore in the quarter ended September 2016 as against Rs 27.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.6427.10 -64 OPM %10.27-8.89 - PBDT-7.94-11.17 29 PBT-14.63-17.86 18 NP-14.63-17.86 18

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Media Matrix Worldwide standalone net profit declines 23.33% in the September 2016 quarter
Nov 17,2016

Net profit of Media Matrix Worldwide declined 23.33% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015. Sales declined 7.22% to Rs 0.90 crore in the quarter ended September 2016 as against Rs 0.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.900.97 -7 OPM %33.3324.74 - PBDT0.330.42 -21 PBT0.330.41 -20 NP0.230.30 -23

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Board of Shri Krishna Prasadam allots convertible warrants
Nov 17,2016

The Board of Shri Krishna Prasadam at its meeting held on 16 November 2016 has allotted 5132810 convertible warrants to non-promoters on private placement basis.

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IL&FS Transportation Networks to announce Q2 results
Nov 17,2016

IL&FS Transportation Networks announced that a Meeting of the Board of Directors of the Company is scheduled on 02 December 2016 to consider and approve inter alia the Financial Results of the Company for the quarter and half year ended 30 September 2016 (Q2).

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Reduce corporate tax to 25%, ASSOCHAM to Govt.
Nov 17,2016

In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.

The Associated Chamber of Commerce and Industry of India (ASSOCHAM) in its Pre-budget meeting with the Revenue Secretary Dr. Hasmukh Adhia made some important suggestions. The proposed multiple Good Service Tax (GST) rate structure could increase classification disputes. Therefore, the categorisation of products under each duty slab should be carefully done.

Corporate tax needs to be reduced to 25% to attract more investment in the country. The income tax rate for individuals to be reduced and threshold limit should be increased in view of the current situation prevailing in the country at the pre-budget meeting with the Revenue Secretary.

The Associated Chamber of Commerce and Industry of India (ASSOCHAM) in its Pre-budget meeting with the Revenue Secretary today made some important suggestions. The proposed multiple Good Service Tax (GST) rate structure could increase classification disputes. Therefore, the categorisation of products under each duty slab should be carefully done.

It said the committed investment link tax incentive for specifies period should be grant fathered under GST for the un-expired period of committed incentives.

During the initial period of two year after implementation of the GST penal provision should not be made applicable unless there are frauds cases, the chamber.

The tax administrative provision under the draft GST law are quite harsh and may leave to Inspector Raj and this need to modify in the final GST law.

The valuations of stop transfers and inter branch transaction need certainty in the GST law.

Inverted Duty structure under excise on pharmaceutical products needs to be corrected. The basic custom duty rate on some of the products like aluminium, copper, steel and polymer need to be reduced in the current scenario.

ASSOCHAM further suggested that corporate tax needs to be reduced to 25% to attract more investment in the country. The income tax rate for individuals to be reduced and threshold limit should be increased in view of the current situation prevailing in the country.

Demonetisation of currency notes of Rs. 500/1000 will have a short term adverse impact on demand on items for mass consumption hence duty rates for such products should be reduced in the next budget to revive the demand.

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Board of Flex Foods to consider September quarter results
Nov 17,2016

Flex Foods announced that a meeting of the Board of Directors of the Company will be held on 24 November 2016, inter-alia, to consider the Unaudited Financial Results of the Company for the quarter and six months ended 30 September 2016.

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Engineers India advances after good Q2 result, liberal bonus issue
Nov 17,2016

In a separate announcement, Engineers India said that its board approved 1:1 bonus issue of shares. The announcement was made after market hours yesterday, 16 November 2016.

Meanwhile, the S&P BSE Sensex was up 101.72 points or 0.39% at 26,400.41

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 2.20 lakh shares in the past one quarter. The stock hit a high of Rs 269 and a low of Rs 263.15 so far during the day. The stock had hit a 52-week high of Rs 279 on 25 October 2016. The stock had hit a 52-week low of Rs 143.25 on 17 February 2016.

The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.

State-run Engineers India provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The government of India holds 59.37% in Engineers India (as per shareholding pattern as on 30 September 2016).

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Board of Uflex to consider Q2 results and private placement of NCDs
Nov 17,2016

Uflex announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 25 November 2016, inter alia, to consider and approve the following:

1. Un-audited Financial Results of the Company for the Second Quarter / Half Year ended September 30, 2016 along with Limited Review Report thereon by the Statutory Auditors of the Company.

2. Issuance of Redeemable Non-Convertible Secured Debentures (NCDs)/Bonds upto an amount of Rs. 650 crore subject to necessary approvals on Private Placement basis.

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Board of Just Dial to consider issue of shares under ESOP
Nov 17,2016

Just Dial announced that a meeting of the Board of Directors of the Company will be held on 21 November 2016, inter alia, to consider the following business as under:

1. To consider and approve draft Employee Stock Option Scheme, 2016 and issuance of fresh equity shares under ESOP.

2. To consider and approve the draft postal ballot notice to be sent to shareholders for obtaining their approval to proposed new Employee Stock Option Scheme and matter incidental thereto.

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Indian Bank announces change in nominee director
Nov 17,2016

Indian Bank announced that, in exercise of the powers conferred by clause (c) of Sub-Section (3) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 / 1980, read with sub-clause (1) of Clause 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government has, vide Notification dated 16 November 2016, nominated J K Dash, CGM and Regional Director, Reserve Bank of India, Ahmedabad as Director (RBI Nominee) of Indian Bank, in place of B P Vijayendra with immediate effect and until further orders.

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Setting up of Industry Driven SRTMI
Nov 17,2016

Ministry of Steel is facilitating an Industry driven institutional mechanism namely Steel Research & Technology Mission of India (SRTMI), to facilitate joint collaborative research projects in the iron & steel sector in India. The salient features of SRTMI are as under:

n++ SRTMI is an industry driven initiative which has been setup as a Registered Society wherein Ministry of Steel is a facilitator.

n++ SRTMI will be governed and administered by a Governing Body comprising the steel CEOs, Domain Experts and a representative of Ministry of Steel.

n++ The executive functioning of SRTMI will be carried out by the Director, SRTMI, who will be assisted by a suitable/appropriate supporting structure.

n++ Initial corpus for setting up of SRTMI is Rs. 200 crore of which 50% is to be provided by Ministry of Steel and the balance by the participating steel companies.

n++ Thereafter, the centre will run on yearly contributions from the steel companies based on their turnover of the previous year.

The R&D investment of the leading steel companies in India in terms of percentage of their turnover ranges from 0.05 to 0.5% vis-n++-vis upto 1% in leading steel companies internationally. Some of the steel companies have also formulated their R&D masterplans to increase their R&D expenditure to 1% of their turnover. SRTMI is likely to enhance the R&D investments in the industry to international levels.

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