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

Engineers Indias net profit rose 21.42% to Rs 93.75 crore on 22.60% decline in total income to Rs 394.98 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 16 November 2016. In a separate announcement, Engineers India said that its board approved 1:1 bonus issue of shares.

Bharti Airtel announced the completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata, a unit of Axiata Group Berhad. The merger was completed following the fulfilment of the condition precedents to the agreement and filing of the merger order with the registrar of joint stock companies and firms of Bangladesh Court. Post the merger, Axiata will hold 68.7% stake in the combined entity, while Airtel will hold 25%. The remaining 6.3% stake will be held by NTT DoCoMo. The announcement was made after market hours yesterday, 16 November 2016.

The combined entity will be the second largest mobile operator in Bangladesh with approximately 32.2 million customers and will operate under the Robi Axiata brand. It is well positioned to deliver an unparalleled portfolio of innovative mobile and broadband offerings at affordable rates with deep network coverage.

The joint strengths of Robi and Airtel sets the stage for the company to deliver the widest mobile network coverage across Bangladesh, enhancing its stronghold in the mobile Internet segment as well as consolidating its position as the second largest operator in the country.

The merger strengthens the long-term sustainability of the Bangladesh telecoms landscape and business environment, and will secure faster nationwide rollout of mobile broadband as well as contribute significantly to the overall economy of the country.

ITC after market hours yesterday, 16 November 2016 announced that King Maker Marketing, Inc., USA has ceased to be a subsidiary of the company with immediate effect. It may be recalled that ITC had announced on 9 October 2016, regarding divestment of the companys entire shareholding in its wholly owned subsidiary King Maker Marketing, Inc., USA.

Indraprastha Gas net profit rose 41.87% to Rs 144.18 crore on 1.21% rise in total income to Rs 987.57 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 16 November 2016.

Shipping Corporation of India reported net loss of Rs 20 crore in Q2 September 2016 as compared to net profit of Rs 161.83 crore in Q2 September 2015. Total income fell 29.58% to Rs 805.77 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 16 November 2016.

Reliance Communications (RCom), through its wholly-owned subsidiary Reliance Globalcom Services Inc, acquired a newly incorporated company named Onyx NewCo LLC (ONL), a Delaware Registered Company, on 15 November 2016. Delaware is a state located in the United States. ONL will be a telecommunications company, which is yet to commence its business operations. The announcement was made after market hours yesterday, 16 November 2016.

On a consolidated basis, Voltas net profit rose 7.21% to Rs 72.11 crore on 4.31% decline in total income to Rs 1047.30 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 16 November 2016.

Greenply Industries said that MSCI has announced the changes to constituents for the MSCI Global Small Cap Indexes and as part of change, Greenply industries will be added to the said index. Change in constituents for the MSCI Global Small Cap Indexes will take place as of the close of 30 November 2016. The announcement was made after market hours yesterday, 16 November 2016.

MSCI is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds passively track MSCI indices. Hence any addition or deletion of a stock or change in weightage of a stock in MSCI indices will require the fund tracking MSCI indices to make adjustment to its portfolio.

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Airtel and Axiata announce completion of merger in Bangladesh
Nov 16,2016

Bharti Airtel announced the completion of the merger of its subsidiary Aitel Bangladesh with Robi Axiata, a unit of Axiata Group Berhad. Post the merger, Axiata will hold 68.7% stake in the combined entity, while Airtel will hold 25%. The remaining 6.3% stake will be held by NTT DoCoMo.

The combined entity will be the second largest mobile operator in Bangladesh with approx. 32.2 million customers and will operate under the Robi Axiata brand.

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Board of Engineers India recommends bonus issue
Nov 16,2016

Engineers India announced that the Board of Directors of the Company at its meeting held on 16 November 2016, inter alia, has recommended the issue of Bonus Shares in the proportion of 1 (one) new equity share of Rs. 5/- each for every 1 (one) existing equity shares of Rs. 5/- each fully paid up of the Company, subject to the approval of shareholders.

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Reliance Communications provides update on subsidiary
Nov 16,2016

Reliance Communications announced that the Company through its wholly owned subsidiary Reliance Globalcom Services Inc, has acquired a newly incorporated Company named Onyx NewCo LLC, a Delaware Registered Company, on 15 November 2016.

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Shriram City Union Finance allots equity shares
Nov 16,2016

Shriram City Union Finance announced that the Banking and Securities Management Committee as empowered by the board of directors in its meeting held on 16 November 2016 allotted 200 (neglible % of paid up equity share capital) Equity Shares of Rs 35 each (including Rs 25 as premium) to two employees of the Company namely Anil Bhupal Mangaj and Parikshit Sureshrao Thakare who exercised their options under ESOP Scheme 2006. As intimated by the said employees, the Company intimate the allotment of shares made under regulation 7(2) under Chapter III of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 and other applicable regulations.

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Gayatri Projects concludes construction of first 660 MW unit of SembCorp Gayatri Power
Nov 16,2016

Gayatri Projects announced that its second thermal power plant, the 1320 megawatt SembCorp Gayatri Power, has completed construction of its first 660 megawatt unit. The second unit of the 660 megawatts is expected to be completed in the first quarter of 2017.

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Navkar Corporation to announces September quarter results
Nov 16,2016

Navkar Corporation announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 November 2016, inter alia, to consider and take on record, the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Navkar Corporation to announce September quarter results
Nov 16,2016

Navkar Corporation announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 November 2016, inter alia, to consider and take on record, the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Board of Asian Hotels (North) to consider Q2 and HY results
Nov 16,2016

Asian Hotels (North) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 05 December 2016, inter alia, to consider the Un-audited Financial Results for the second quarter / half year ended 30 September 2016.

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Board of Nilachal Refractories to consider alltoment of preference shares on conversion of loan
Nov 16,2016

Nilachal Refractories announced that a Meeting of the Board of Directors of the Company for the financial year 2016-17 will be held on 24 November 2016. The following matters will be discussed at the meeting :

- To consider, issue and approve allotment of 0% redeemable Preference Shares pursuant to shareholders approval for conversion of Unsecured Loan to 0% Redeemable Preference Shares, granted at the Annual General Meeting of the Company held on 28 September 2016.

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B A G Films & Media reports consolidated net profit of Rs 0.27 crore in the September 2016 quarter
Nov 16,2016

Net profit of B A G Films & Media reported to Rs 0.27 crore in the quarter ended September 2016 as against net loss of Rs 3.66 crore during the previous quarter ended September 2015. Sales rose 47.45% to Rs 36.79 crore in the quarter ended September 2016 as against Rs 24.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.7924.95 47 OPM %22.4015.79 - PBDT4.710.37 1173 PBT1.44-3.24 LP NP0.27-3.66 LP

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Neha International consolidated net profit declines 55.64% in the September 2016 quarter
Nov 16,2016

Net profit of Neha International declined 55.64% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 1.33 crore during the previous quarter ended September 2015. Sales rose 14.17% to Rs 67.84 crore in the quarter ended September 2016 as against Rs 59.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.8459.42 14 OPM %3.645.55 - PBDT1.272.09 -39 PBT0.931.46 -36 NP0.591.33 -56

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D & H India reports consolidated nil net profit/loss in the September 2016 quarter
Nov 16,2016

D & H India reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 5.23% to Rs 15.21 crore in the quarter ended September 2016 as against Rs 16.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.2116.05 -5 OPM %6.115.17 - PBDT0.510.56 -9 PBT0.040.09 -56 NP00.05 -100

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Poddar Housing & Development consolidated net profit declines 87.80% in the September 2016 quarter
Nov 16,2016

Net profit of Poddar Housing & Development declined 87.80% to Rs 0.71 crore in the quarter ended September 2016 as against Rs 5.82 crore during the previous quarter ended September 2015. Sales declined 62.39% to Rs 10.02 crore in the quarter ended September 2016 as against Rs 26.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.0226.64 -62 OPM %-7.3923.27 - PBDT0.978.33 -88 PBT0.828.13 -90 NP0.715.82 -88

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DIL consolidated net profit rises 9133.33% in the September 2016 quarter
Nov 16,2016

Net profit of DIL rose 9133.33% to Rs 19.39 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 11.74% to Rs 40.18 crore in the quarter ended September 2016 as against Rs 35.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.1835.96 12 OPM %4.2816.41 - PBDT-1.014.73 PL PBT-3.672.82 PL NP19.390.21 9133

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