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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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Grasim Inds in spotlight as NCLT OKs ABNL merger
Jun 06,2017

Grasim Industries will be watched. The company said that the National Company Law Tribunal (NCLT), bench at Ahmedabad, approved of the merger of Aditya Birla Nuvo (ABNL) and Grasim Industries to be followed by the listing of Aditya Birla Financial Services (ABFSL). The announcement was made after market hours yesterday, 5 June 2017.

State Bank of India (SBI) has reportedly raised Rs 15000 crore from domestic and foreign institutional investors through qualified institutional placement (QIP) of shares. The IPO closed today, 6 June 2017, morning and is believed to have received demand in excess of Rs 20000 crore, media reported.

SBI announced after market hours yesterday, 5 June 2017, that the meeting of the committee of directors will be held on Thursday, 8 June 2017, to consider and approve the issue price for the equity shares under the QIP. The floor price of the QIP was fixed at Rs 287.58 each for a face value of Re 1 each. The bank said in a statement that it may offer a discount of not more than 5% to the floor price.

Wipro issued clarification to the stock exchanges regarding media news item titled Wipro promoters in early stage of evaluating sale of part or whole business. The company said that the news article is baseless and malicious. There is no truth to these unsubstantiated rumors, it added. The announcement was made after market hours yesterday, 5 June 2017.

Cadila Healthcare announced after market hours yesterday, 5 June 2017, that its formulations manufacturing facility at Baddi has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA). This receipt of EIR indicates the successful closure of the inspection points (483s) raised based on the inspection carried out between 21 February 2017 to 1 March 2017.

The board of Adani Power will meet later today, 6 June 2017, to consider slump sale of its mundra power generating business undertaking to its subsidiary company, namely, Adani Power (Mundra).

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Capital First allots NCDs aggregating Rs 50 crore
Jun 05,2017

Capital First has raised Rs. 50 crore by issue of NCDs on private placement basis. The Debenture Committee vide Resolution passed by Circulation on 05 June 2017 has inter - alia approved allotment of 500 NCDs having Face Value of Rs. 10,00,000/- (Rupees Ten Lacs Only) each.

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Deepak Fertilizers & Petrochemicals Corp director resigns
Jun 05,2017

Deepak Fertilizers & Petrochemicals Corp announced that Rama Iyer, Non- Executive, Independent Director (Age 77 yrs) whose term as an Independent Director is coming to an end on 30 July 2017, has resigned from the Board of Directors w.e.f 2 June 2017 in view of family commitments. The Company has received the letter to that effect on 3 June 2017.

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Siti Networks appoints Executive Director and CEO
Jun 05,2017

Siti Networks has appointed Rajesh Sethi as Executive Director & CEO of the Company with immediate effect.

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Mahindra & Mahindra announce production, sales and export figures
Jun 05,2017

Mahindra & Mahindra announce production, sales and export figures for month of May 2017 -

Production
May 2017 - 44606 units
May 2016 - 43452 units

Sales
May 2017 - 40588 units
May 2016 - 36613 units

Exports
May 2017 - 1293 units
May 2016 - 4043 units

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Gufic BioSciences receives two patent certificates
Jun 05,2017

Gufic BioSciences has received two Patent Certificates from the Intellectual Property India, Patent Office, Government of India granting patents to the Company for the following formulations -

- A Freeze Dried pharmaceutical composition and process for preparation thereof i.e. process for preparation of parental formulation of Anidulafungin.

- A Freeze Dried parental composition of Tigecycline and process for preparation thereof.

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Shah Foods announces appointment of directors
Jun 05,2017

Shah Foods has appointed Bhupendra Dwarkadas Parikh and Hemant Murlidhar Asarpota as Independent, Non-executive Directors on the board at its board meeting held on 29 April 2017.

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Everest Organics manufacturing facility approved by USFDA
Jun 05,2017

Everest Organics announced that the USFDA inspected its manufacturing facility at Aroor Village from 27 February 2017 to 03 March 2017 and the same has been approved.

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Axis Bank allots 52,625 equity shares
Jun 05,2017

Axis Bank has allotted 52,625 equity shares of Rs. 2/- each on 05 June 2017, pursuant to exercise of options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 479,35,38,578 (239,67,69,289 equity shares of Rs. 2/- each) to Rs. 479,36,43,828 (239,68,21,914 equity shares of Rs. 2/- each).

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Tata Motors-DVR announces resignation of director
Jun 05,2017

Tata Motors-DVR announce that Ravindra Pisharody has, vide letter dated 05 June 2017, submitted his resignation as Executive Director (Commercial Vehicles) of the Company, and as a Director of the Company and its associated companies for personal reasons.

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Tata Motors appoints COO
Jun 05,2017

Tata Motors announced that Satish Borwankar has been appointed as COO of the Company with immediate effect and his tenure of Executive Directorship would be extended for a period of 2 years from July 2017, subject to shareholders approval.

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UltraTech Cement allots 11,089 equity shares
Jun 05,2017

UltraTech Cement has allotted 11,089 equity shares under ESOP. With this allotment, the equity share capital of the Company stands increased to 27,45,22,835 equity shares of Rs 10 each.

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Veeram Ornaments announces resignation of company secretary and compliance officer
Jun 05,2017

Veeram Ornaments announced the resignation of Noopur Jain as Company Secretary cum compliance officer of the company w.e.f 05 June 2017.

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Outcome of board meeting of Kushal Tradelink
Jun 05,2017

Kushal Tradelink announced that the Board of Directors of the Company at its meeting held on 05 June 2017 has transacted the following -

The Board has requested for a detailed TEV study for purchase of large size recycled paper manufacturing plant located in Gujarat on slump sale basis requiring a proposed investment outlay of more than Rs 500 crore.

The Board has approved change in company name to Kushal or such other name as may be approved by the RoC.

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Aditya Vision opens its 21st branch
Jun 05,2017

Aditya Vision has opened its 21st branch named Aditya Vision.Zip Biharsharif at Kaghzi Mohalla, Ranchi Road, Biharsharif - 803101, Bihar.

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