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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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Revamped Aadhaar Toll-Free Helpline No. 1947 Launched
Nov 17,2016

With the growing use of Aadhaar in transactions related to services like Banking, Government Welfare Schemes, etc., the Unique Identification Authority of India (UIDAI), launched a revamped version of its Toll-free helpline number: 1947, to help residents get quick access to information about Aadhaar. The free of cost helpline 1947 will be available 24x7 throughout the year on IVRS mode, while Call-Centre agents will be available from 7 am to 11 pm (Monday to Saturday). On Sundays, agents will answer calls from 8 am to 5 pm. On an average the helpline number handles about 1.5 lakh calls per day. n++Our toll-free helpline 1947, which has been revamped to handle more incoming calls, brings Aadhaar closer to everyone. It can be accessed through mobile or landline and will be especially beneficial in these times when the Aadhaar number is being increasingly used in the banking sector to identify individuals,n++ said Dr. Ajay Bhushan Pandey, Chief Executive Officer, UIDAI. The Aadhaar toll-free helpline 1947 will among other things, enable residents to locate an Aadhaar Enrolment Centre, know generation status of an Aadhaar number (after enrolment) and help retrieve Aadhaar details of any person who has lost his/her Aadhaar or hasnt received it through post. As Aadhaar is being used widely by people in the wake of the de-monetization exercise, UIDAI cautioned the public to clearly indicate purpose of providing photocopies of their Aadhaar letter to prevent misuse of the same. n++Photocopies of the Aadhaar letter are being submitted by the general public to banks. We urge them to clearly indicate the purpose for which they are submitting the same along with the date and time. This actually is a good practice whenever they submit photocopies of documents,n++ said Dr. Pandey.

n++However, as Aadhaar is a digitally verifiable identity and can be authenticated anytime, anywhere, the chances of its misuse are limited,n++ added Dr. Pandey.

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Trans Asia Corporation reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Trans Asia Corporation reported to Rs 0.01 crore 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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R R Financial Consultants reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 17,2016

Net loss of R R Financial Consultants reported to Rs 0.05 crore in the quarter ended September 2016 as against net profit of Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 15.00% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.170.20 -15 OPM %-17.6535.00 - PBDT-0.030.07 PL PBT-0.050.05 PL NP-0.050.05 PL

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Marg Projects & Infrastructure reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Marg Projects & Infrastructure reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.08 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 %50.000 - PBDT0.050.02 150 PBT-0.03-0.09 67 NP-0.02-0.08 75

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Som Datt Finance Corporation standalone net profit rises 1650.00% in the September 2016 quarter
Nov 17,2016

Net profit of Som Datt Finance Corporation rose 1650.00% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 3.33% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.310.30 3 OPM %-6.456.67 - PBDT0.350.02 1650 PBT0.350.02 1650 NP0.350.02 1650

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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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