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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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Gujarat Metallic Coal & Coke standalone net profit declines 33.33% in the September 2016 quarter
Nov 17,2016

Net profit of Gujarat Metallic Coal & Coke declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 99.92% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 152.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.12152.22 -100 OPM %8.330.30 - PBDT0.020.03 -33 PBT0.020.03 -33 NP0.020.03 -33

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Vintage Securities reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Vintage Securities reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010.01 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Om Metals Infraprojects standalone net profit declines 41.87% in the September 2016 quarter
Nov 17,2016

Net profit of Om Metals Infraprojects declined 41.87% to Rs 5.15 crore in the quarter ended September 2016 as against Rs 8.86 crore during the previous quarter ended September 2015. Sales rose 101.00% to Rs 62.07 crore in the quarter ended September 2016 as against Rs 30.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales62.0730.88 101 OPM %18.9541.00 - PBDT8.1710.40 -21 PBT5.309.26 -43 NP5.158.86 -42

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Sai Industries reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Sai Industries reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Yogi Infra Projects standalone net profit declines 41.18% in the September 2016 quarter
Nov 17,2016

Net profit of Yogi Infra Projects declined 41.18% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Golkonda Aluminium Extrusions reports standalone net loss of Rs 0.40 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Golkonda Aluminium Extrusions reported to Rs 0.40 crore in the quarter ended September 2016 as against net loss of Rs 0.46 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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SM Dyechem reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Nov 17,2016

Net Loss of SM Dyechem reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.35 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 4.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales04.78 -100 OPM %0-6.90 - PBDT-0.09-0.33 73 PBT-0.11-0.35 69 NP-0.11-0.35 69

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United Bank of India revises interest rates on domestic term deposits
Nov 17,2016

United Bank of India has revised the banks interest rates on domestic term deposits across various tenures with effect from 18 November 2016.

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Reliance Industries and GE form a global partnership
Nov 17,2016

Reliance Industries and GE announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GEs Predix platform.

The first-of-its-kind partnership marks the coming together of two of the worlds largest industrial conglomerates to provide Industrial IOT solutions to customers in oil & gas, fertilizer, power, healthcare, telecom and other industries.

GE will provide its Predix cloud offering, Industrial Internet applications and data science expertise. RIL will develop solutions on Predix as an Independent Software Vendor (ISV), bringing to bear its over 30 years of data, process and operational expertise. RIL will also offer nationwideconnectivity infrastructure to customers through a 4G network powered by Jio. GE would offer the security, availability and monitoring aspects of the platform to RIL and its customers. The potential for other revenue streams includes telecom, healthcare and agriculture.

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Board of Neelkanth Technologies approves change in company secretary
Nov 17,2016

Neelkanth Technologies announced that the existing Secretarial Auditor has expressed their inability to continue as a Secretarial Auditor. The Board of Directors of the Company at their meeting held on 17 November 2016 at appointed Jimmy N. Panthaky, Company Secretary, for the financial year 2016-17 in place of Hemant Shetye, Partner of HS Associates, Company Secretary, Mumbai who expressed his unwillingness to continue.

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IIFL Holdings provides update on subsidiary - India Infoline Finance
Nov 17,2016

IIFL Holdings announced that the Companys NBFC subsidiary namely India Infoline Finance [IIFL] proposes to acquire the management and control of Samasta Microfinance [Samasta], a Non Banking Finance Company - Micro Finance Institution [NBFC-MFI] registered with RBI and based in Bangalore through acquisition of upto 100% equity shares of Samasta subject to completion of necessary due diligence, regulatory and other internal approvals.

In this regard, Samasta has received the approval of RBI and necessary Public Notice is being issued. Pursuant to this, IIFL, Samasta and the promoters of Samasta will enter into necessary agreements and documents to effect sale and purchase shares of Samasta in due course upon completion of due diligence, internal approvals and regulatory process.Samasta promoted by Mr. Narayanswamy Venkatesh and Mr. Deviah Shivaprasad, first generation entrepreneurs, began operations as an MFI in March 2008 and operates in Tamil Nadu, Karnataka, Maharashtra and Goa through 64 branches. It currently has an AUM of about Rs. 100 crore as on 30 September 2016. The proposed acquisition of Samasta will help IIFL to enter into micro finance segment and extend its wide ranging financial services to their large customer base.

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Board of Bindal Exports approves change in company secretary and compliance officer
Nov 17,2016

Bindal Exports announced that pursuant to Resignation of Hiren shah form the Service of the Company in the Month of October 2016, the Board of Directors of the Company has accepted his Resignation as the Company Secretary and Compliance officer of the Company w.e.f. 25 October 2016

In view of the aforesaid the Board of Directors of the Company at its meeting held on 14 November 2016, has appointed Nikhil Mistry as Company Secretary, and Compliance officer (under Regulation 6) of SEBI (LODR), 2015. w.e.f. 14 November 2016.

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TCS recognized as Leader in Life Sciences IT Infrastructure, IT Application Services and Digital IT Services
Nov 17,2016

Tata Consultancy Services announced that it has been recognised as a Leader in Life Sciences IT Applications Services and IT Infrastructure Services, and a Leader and Star Performer in Digital IT Services in three recent Everest Group reports.

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UDAN to promote Regional Connectivity
Nov 17,2016

The Ministry of Civil Aviation (MoCA) launched the Regional Connectivity Scheme (RCS)-UDAN in October, 2016, to promote regional air connectivity in the country including North Eastern region and creating additional infrastructure by revival of unserved and underserved airports/airstrips. The scheme has been finalized after extensive consultation with all the stakeholders including State Governments. Suggestions were received from stakeholders including the states at the time of consultation with public/stakeholders on the draft Scheme.

The indicative list of underserved and unserved airports in India of the Scheme also includes Defence airports. However, for such airports, approval from Ministry of Defence needs to be obtained for permitting joint use/civil operation under the Scheme.

The primary objective of RCS is to facilitate / stimulate regional air connectivity by making it affordable. Promoting affordability of Regional air connectivity is envisioned under RCS by supporting airline operators through (i) concessions by Central Government, State Governments and airport operators to reduce the cost of airline operations on regional routes and (ii) financial support (Viability Gap Funding or VGF) to meet the gap, if any, between the cost of airline operations and expected revenues on such routes. RCS-UDAN is a demand-driven scheme, where airline operators undertake assessment of demand on particular routes.

A Regional Connectivity Fund (RCF) has been created under powers conferred under Rule 88-B of the Aircraft Rules, 1937 to provide the VGF requirements under the scheme. The Central Government has decided to impose a levy on the scheduled flights being operated within India to fund the Regional Connectivity Fund. However, following flights has been exempted from the above mentioned levy:;

i) Flights operated on CAT II/ CAT IIA routes as specified in Route Dispersal Guidelines issued under Rule 134 (1A).;

ii) Flights operated on RCS routes.;

iii) Flights operated with aircraft having maximum certified take off mass not exceeding 40,000 kg.

The payment of VGF will be made to selected airline operators from the RCF.

For imposing levy, amendment was done after consulting all stakeholders. Observations/ comments from different stakeholders including Federation of Indian Airlines (FIA) were considered before amending the rule ibid. The Ministry has signed MoU on RCS-UDAN with the states of Mizoram, Puducherry, Uttarakhand, West Bengal, Assam, Jharkhand, Madhya Pradesh, Maharashtra, Andhra Pradesh, Gujarat and Chhattisgarh. A pre-bid meeting was held on 11-11-2016 with all the stakeholders including states and airline operators to facilitate the effective and efficient implementation of the scheme.

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Polaris Consulting & Services allots equity shares
Nov 17,2016

Polaris Consulting & Services announced that the Stakeholders Relationship Committee of Directors of the Company vide their circular resolution dated 17 November 2016 has approved, the allotment of 900 numbers of Equity Shares of Rs. 5/- each to 1 (One) Associates under ASOP 2011 Scheme.

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