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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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Zensar Technologies allots 11,124 equity shares
Apr 24,2017

Zensar Technologies announced that the Nomination and Remuneration Committee of the Board has allotted 11,124 fully paid equity shares of Rs. 10/- each to the eligible employees of the Company who have exercised the stock options granted to them.

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Eskay K`nIT (India) announces resignation of CFO
Apr 24,2017

Eskay K`nIT (India) announced that Neeta Shetty has resigned from the post of Chief Financial Officer of the Company.

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NOCIL allots 2,55,200 equity shares
Apr 24,2017

NOCIL has allotted 2,55,200 equity shares on exercise of ESOPs. Consequently, the paid up equity share capital has increased to 16,38,38,380 equity shares aggregating Rs 163.83 crore.

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Zee Learn allots 217,606 equity shares
Apr 24,2017

Zee Learn has allotted 217,606 equity shares under ESOP Scheme. Consequently, the paid up share capital of the company has increased to 322,859,987 equity shares of Re 1 each aggregating Rs 32.28 crore.

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Nicco Uco Alliance Credit appoints director
Apr 24,2017

Nicco Uco Alliance Credit announced that the Board of Directors of the Company at its meeting held on 24 April 2017 has appointed Lakshmi Narain Kaul (DIN 00198692) as an Additional Director and also the Managing Director of the Company for three years with effect from 1st May 2017 subject to the approval of the Members by a special resolution in a General Meeting and also subject to the approval by the Central Government.

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IndusInd Bank expands presence in Jharkhand
Apr 24,2017

IndusInd Bank recently inaugurated its third branch in Jamshedpur. With the inauguration of this branch, the Bank now has 19 branches in the state of Jharkhand.

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Golden Tobacco receives favourable order from Income Tax Appellate Tribunal
Apr 24,2017

Golden Tobacco announced that the Income Tax Appellate Tribunal (ITAT) Mumbai in its order dated 11 April 2017 quashed the penalties of Rs. 80.71 crore in respect of assessment year 1984-85 to 1986-87.

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Religare Enterprises announces resignation of nominee director
Apr 24,2017

Religare Enterprises announced that Monish Kant Dutt, Nominee Director of International Finance Corporation (IFC) has tendered his resignation from the directorship of the Company with effect from 24 April 2017.

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PNC Infratech provides update on road project in Rajasthan
Apr 24,2017

PNC Infratech announced the receipt of letter dated 21 April 2017 from National Highways Authority of India regarding the achievement of Financial Closure on 03 April 2017 for the project four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model. This Project is being implemented by PNC Rajasthan Highways, Special Purpose Vehicle incorporated by the Company.

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S H Kelkar & Company provides update on step down subsidiary - Keva Chemicals
Apr 24,2017

S H Kelkar & Company announced that its step down subsidiary - Keva Chemicals has executed with Tanishka Fragrance Encapsulation Technologies, a technology transfer agreement for acquisition of Fragrance Encapsulation Technology and a licensing agreement for use of licensed technology.

The consideration paid towards acquisition under these agreements including the assets purchased from TFET LLP is Rs 1 crore + an amount payable at the end of 5 years, equivalent to a portion of the revenue of KCPL that would be generated in FET sales using FET.

As a part of the transaction, KCPL has also contributed Rs 2 crore to the capital of TFET LLP on 24 April 2017, thus has become a majority capital contributing partner in TFET LLP.

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Commex Technology announced change in compliance officer
Apr 24,2017

Commex Technology has appointed Jayant Mitra as Compliance Officer with effect from 01 April 2017 in place of Ajay Raut.

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Parrys Sugar Industries gets NCLT approval for scheme of amalgamation
Apr 24,2017

Parrys Sugar Industries announced that the National Company Law Tribunal (NCLT), Bengaluru and NCLT Chennai vide their respective Orders dated 21 April 2017, have approved the Scheme of Amalgamation of the Company with E.I.D.- Parry (India ). The Scheme with appointed date of 01 April 2016 will be effective upon filing of the Certified True Copy of the Order of NCLT with the respective Registrar of Companies

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Government Printing Press to be upgraded at a cost of Rs.338 crore
Apr 24,2017

Modernisation and redevelopment of Government of India Printing Press at Minto Road in New Delhi will be taken up at a cost of Rs.338.56 cr.

Minister of Urban Development Shri M.Venkaiah Naidu has accepted the recommendation of the Standing Finance Committee in this regard.

The present building of the Press will be redeveloped at a cost of Rs.238.56 cr into three blocks of Ground plus six floors suitable to locate the modern technology and equipment to be installed at a cost of Rs.100 cr.

At present, the machines and equipment being used are of 1980-2005 vintage and some of them installed as early as in 1968, resulting in high cost of production, demand for printing not being met in time besides non-availability of spare parts requiring their refabrication.

With redevelopment and modernisation, the production capacity of the Government of India Printing Press at Minto Road in the national capital will increase from the present 16 lakh pages per day (60 cr pages per year)of A-5 size to 45 lakh pages per day (164.96 cr pages per year) marking an increase of 177% in production capacity. Multi-colour printing, which is not available presently will be made available.

This Government Printing Press meets all printing needs of both the Houses of Parliament including day to day Parliamentary proceedings, Question Lists, Bills, Acts, Synopsis, Reports, Debates, Whos Who, Parliamentary Committee reports besides the needs of Cabinet Secretariat and various Ministries and Departments of central government. Due to lack of multi-colour printing facility at present, such work as in the case of printing of Annual Reports of various ministries and departments is being outsourced.

The entire redevelopment and modernisation work would be completed in 52 months from now.

From the available land of 22,017 sq.mtres, about 1.50 acres would be transferred to the Ministry of Finance for construction of building for Controller General of Accounts and Public Finance Management System (PFMS).

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Rathi Steel & Power to hold board meeting
Apr 24,2017

Rathi Steel & Power will hold a meeting of the Board of Directors of the Company on 31 March 2017, for Conducting of Secretarial Audit of Rathi Steel and Power limited.

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Wendt India to pay dividend
Apr 24,2017

Wendt India announced that dividend will paid on 01 August 2017, if approved at the AGM to be held on 24 July 2017.

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