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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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Board of Kanoria Chemicals & Industries to consider Q2 and half year results
Nov 15,2016

Kanoria Chemicals & Industries announced that a meeting of the Board of Directors of the Company has been convened on 29 November 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the 2nd quarter and half year ended on 30 September 2016.

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Board of T.V. Today Network to consider Q2 results
Nov 15,2016

T.V. Today Network announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 December 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter & half year ended 30 September 2016 along with the limited review report of the auditors for the corresponding period (Q2).

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Merck hits 52-week high after blockbuster Q3 report card
Nov 15,2016

The result was announced after market hours on Friday, 11 November 2016. The stock markets were closed on Monday, 14 November 2016, for a public holiday.

Meanwhile, the S&P BSE Sensex was down 514.19 points or 1.92% at 26,304.63

On BSE, so far 49,000 shares were traded in the counter as against average daily volume of 6,084 shares in the past two weeks. The stock hit a high of Rs 906.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 840.70 so far during the day. The stock had hit a 52-week low of Rs 623 on 12 February 2016.

The small-cap company has equity capital of Rs 16.60 crore. Face value per share is Rs 10.

Merck is a leading science and technology company in healthcare, life science and performance materials.

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Hong Kong Stocks rebound from 3-month low
Nov 15,2016

The Hong Kong stock market closed higher for the first time last three sessions on Tuesday, 15 November 2016, as the US dollar retreated from recent highs and the Shenzhen Hong Kong Stock Connect prepared for its debut. Market gains were led by strong performances from health and personal care stocks, and insurance stocks. The Hang Seng Index ended the day up 0.46% or 101.69 points at 22,323.91 while the Hang Seng China Enterprises Index jumped 0.59% or 55.23 points to 9,398.10. Turnover decreased to HK$69.5 billion from HK$80.7 billion on Monday.

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Polaris Consulting & Services announces change in registered office
Nov 15,2016

Polaris Consulting & Services announced that the registered office of the Company stands shifted to No. 34 IT Highway, Navallur, Chennai - 603 103 with immediate effect.

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China Stocks slip on profit booking
Nov 15,2016

Mainland China stock market closed down on Tuesday, 15 November 2016, snapping a three-day winning streak, as investors took profits in resource stocks after a slump in the countrys commodity futures market. Sectors were mixed, with materials and infrastructures lost ground, while gains were seen in properties and consumers. The benchmark Shanghai Composite Index declined 0.11% to close at 3,206.99 points. The CSI 300 index closed marginal 0.01% down at 3,429.87 points.

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WPI inflation declines to 3.39% in October 2016
Nov 15,2016

The Wholesale Price Index (WPI)-based inflation eased for the second straight month to 3.39% in October 2016 from 3.6% in September 2016 and 3.9% in August 2016. The decline in WPI inflation was mainly driven by dip in inflation for primary articles, while inflation for fuel & power and manufactured products group moved up in October 2016. Further, the unfavourable base effect restricted sharp decline in inflation in October 2016.

Inflation of primary articles dipped to 3.3% in October 2016 from 4.8% in September 2016. The inflation for manufactured products rose to 2.7% in October 2016. Further, the inflation for fuel items accelerated further to 6.2% in October 2016 from 5.6% in September 2016.

As per major commodity group-wise, inflation eased for foodgrains, fruits, fish, mutton, spices, fibres, oilseeds, raw rubber, flowers, grain mill products, sugar, oil cakes, edible oils, textiles, wood and products, and paper & products in October 2016. On the other hand, inflation rose for vegetables, milk, iron ore, copper ore, crude petroleum, mineral oils, dairy products, tea & coffee products, cashew kernel, leather products, rubber and plastic products, chemical products, non-metallic mineral products, and basic metals in October 2016.

Inflation of food items (food articles and food products) eased to 6.3% in October 2016 from 7.5% in September 2016. Meanwhile, inflation of non-food items (all commodities excluding food items) moved up to 2.1% in October 2016 from 1.8% in September 2016.

Core inflation (manufactured products excluding foods products) rose to 1.1% in October 2016 from 0.6% in September 2016.

The contribution of primary articles to the overall inflation, at 3.39%, was 96 basis points (bps) in October 2016 compared with 137 bps in September 2016. The contribution of manufactured products was 151 bps compared with 140 bps, while that of fuel product group was 92 bps against 83 bps in September 2016.

The contribution of food items (food articles and food products) to inflation fell to 1.97 bps in 3.39% in October 2016 compared with 233 bps to 3.57% in September 2016. Meanwhile, the contribution of non-food items (all commodities excluding food items) was 144 bps in October 2016 compared with 126 bps in September 2016.

As per the revised data, the inflation figure for August 2016 was revised up to 3.9% compared with 3.7% reported provisionally.

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Australia Stocks end just a shade lower
Nov 15,2016

Australian share market finished session just a shade lower on Tuesday, 15 November 2016, recouping some early losses after positive remarks on the economy from the Reserve Bank of Australia offset risk aversion. In the minutes of its November policy meeting, Australias central bank said it expects core inflation to pick up gradually amid surging prices for key commodity exports and an economy running near potential, implying it might be done cutting interest rates this cycle. The ASX sectors closed mixed, with materials and healthcare issues underperformed other sectors, offsetting gains in energy sector. At the closing bell, the benchmark S&P/ASX 200 index declined 19.50 points, or 0.36%, to 5,326.20, while the broader All Ordinaries index decreased 20.50 points, or 0.38%, to 5,399.80.

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Japan Stocks closed mixed
Nov 15,2016

The Japan share market ended edge below neutral line on Tuesday, 15 November 2016, with investors locking in profits after the benchmark gauge ended the previous day at a nine-month high. 21 out of 33 TSE industry categories closed in positive territory, led by Banks, Warehousing & Harbor Transportation Services, Pharmaceutical, and Mining stocks, while Pulp & Paper, Marine Transportation, and Transportation stocks were notable losers. The 225-issue Nikkei Stock Average fell 4.47 points, or 0.03%, to 17,668.15, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange jumped 2.98 points, or 0.21%, to end at 1,402.98.

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Ratnamani Metals & Tubes to announce September quarter results
Nov 15,2016

Ratnamani Metals & Tubes announced that the Meeting of the Board of Directors of the Company will be scheduled to be held on 30 November 2016, inter alia, to consider Unaudited Financial Results (Standalone) and Statement of Assets & Liabilities for the period ended on 30 September 2016.

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Integra Telecommunication & Software announces change in registered office
Nov 15,2016

Integra Telecommunication & Software announced that the Companys registered office has been shifted from 2283, Sector-D, Pocket-2, Vasant Kunj, New Delhi-110070 to 108/9, Kishan Garh Village, Vasant Vihar, New Delhi-110070.

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Lesha Industries appoints director
Nov 15,2016

Lesha Industries announced that Payal Makani has been appointed as additional, Independent Non-Executive, Director of the Company with effect from 14 November 2016.

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Sandur Manganese & Iron Ores fixes record date for interim dividend
Nov 15,2016

Sandur Manganese & Iron Ores announced that the Company has fixed 26 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Board of Welspun India approves capital investment of Rs 600 cr
Nov 15,2016

Welspun India announced that the Board of the Company at its Board Meeting held on 15 November 2016, had approved the capital investment of Rs. 600 crore in flooring solutions i.e., manufacturing of world class carpets, rugs etc. This investment will benefit from synergies arising from the Companys existing product line and customer base. The capex will be done over 18 months spread over FY18 & FY19.

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Outcome of board meeting of Uttam Value Steels
Nov 15,2016

Uttam Value Steels announced that the following decisions have been taken at the Meeting of the Board of Directors held on 14 November 2016:-

- the Board have noted the SDR invoked by the Lender in their Meeting of Joint Lender Forum.

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