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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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Canara Bank fixes record date for rights issue
Feb 09,2017

Canara Bank announced that 20 February 2017 has been fixed as a Record Date for the purpose of determining the shareholders eligible to apply for Right Equity Shares in the Issue.

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Bajaj Finance allots NCDs aggregating Rs 363.30 crore
Feb 09,2017

Bajaj Finance has allotted 3663 secured redeemable non-convertible debentures aggregating Rs 363.30 crore on private placement basis on 08 February 2017.

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Ajanta Pharma provides update on USFDA inspection
Feb 09,2017

Ajanta Pharma announced that the Companys Paithan facility was recently inspected by US FDA and the Company has issued one procedural related 483. The Company is in process of responding to the same within the stipulated time prescribed by US FDA.

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Oberoi Realty allots 78,471 equity shares
Feb 09,2017

Oberoi Realty has allotted 78,471 equity shares of Rs 10 each under ESOP 2009. Post this allotment, the equity share capital stands increased to 339495581 equity shares of Rs 10 each aggregating Rs 339.49 crore.

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Steel Authority of India announces change in directorate
Feb 09,2017

Steel Authority of India announced that Ministry of Steel Government of India vide its letter dated 08 February 2017 has appointed Saraswati Prasad, Additional Secretary & Financial Adviser (AS&FA), Ministry of Steel as Government Director on the Board of Directors of the Company in place of Bharathi S. Sihag, former Special Secretary & Financial Adviser, Ministry of Steel.

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Hero MotoCorp trims early gains after muted Q3 outcome
Feb 09,2017

The result was announced after market hours yesterday, 8 February 2017.

Meanwhile, the S&P BSE Sensex was up 44.18 points, or 0.16%, to 28,334.10

On BSE, so far 14,000 shares were traded in the counter, compared with average daily volume of 27,522 shares in the past one quarter. The stock hit a high of Rs 3,312 and a low of Rs 3,228 so far during the day. The stock hit a record high of Rs 3,739.90 on 8 September 2016. The stock hit a 52-week low of Rs 2,440 on 17 February 2016.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorps earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved to 15.65% in Q3 December 2016 from 14.48% in Q3 December 2015.

Hero MotoCorp said that even in the midst of a volatile market environment, the company has been able to maintain a healthy operating margin, through the sustained success of Leap - the margin rationalisation programme. The company also utilised the softening of material costs during the period.

The companys sales fell 12.84% to 14.73 lakh units in Q3 December 2016 over Q3 December 2015.

Pawan Munjal, Chairman, Managing Director & Chief Executive Officer, Hero MotoCorp that Q3 December 2016 was historic, with the government taking an unprecedented and bold move to bring about digitization of the economy, higher tax compliance and creating a transparent and inclusive financial system. The industry did witness some negative sentiments during the quarter, but with the agility shown by the government in bringing about a slew of measures to aid the citizens at large, the market scenario has now begun improving.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity. The company has six manufacturing plants, including five in India including Dharuhera, Gurgaon, Haridwar, Neemrana and Halol and one in Colombia.

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Premier Energy & Infrastructure director resigns
Feb 09,2017

Premier Energy & Infrastructure announced that R. Kohila (Independent Director) has resigned from the Board from the post of Directorship with effect from 01 January 2017 by passing resolution by circulation on 08 February 2017.

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Yes Bank allots 1,18,190 equity shares
Feb 09,2017

Yes Bank has allotted 1,18,190 (One Lakh Eighteen Thousand One Hundred and Ninety) equity shares of face value of Rs. 10/- each on 08 February 2017 under the JESOP IV, JESOP V, PESOP I and PESOP II - 2010.

The paid up share capital of the Bank has accordingly been increased from Rs. 423,23,88,530/- consisting of 42,32,38,853 equity shares of Rs. 10/- each to Rs. 423,35,70,430/- consisting of 42,33,57,043 equity shares of Rs. 10/- each.

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Aarey Drugs & Pharmaceuticals to develop Caffeine drug as its new product
Feb 09,2017

Aarey Drugs & Pharmaceuticals announced that the Company after technical and financial analysis has along with its product development team planned to develop caffeine drug as its new product.

Caffeine is a central nervous system stimulant of methylaxnthine class, which is legal and unregulated in nearly all parts of the world.

The same is a forward integration step for one of its already existing products di methyl urea

Lab scale trials for the same have already been carried out successfully by the Company.

Further the Company is in the process of appointing a technical consultant for the process and plans to start commercial production in due course.

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Diamant Infrastructure to hold board meeting
Feb 09,2017

Diamant Infrastructure will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider & approve Un Audited Financial Results for the Quarter Ended 31 December 2016.

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Board of Manappuram Finance recommends dividend
Feb 09,2017

Manappuram Finance announced that the Board of Directors of the Company at its meeting held on 8 February 2017, inter alia, have recommended the dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Trilogic Digital Media to hold board meeting
Feb 09,2017

Trilogic Digital Media will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and take on record the Unaudited Financial Results of the Company for the Quarter ended 31 December 2016.

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Indian Extraction to hold board meeting
Feb 09,2017

Indian Extraction will hold a meeting of the Board of Directors of the Company on 14 February 2017.

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SVOGL Oil Gas & Energy to hold board meeting
Feb 09,2017

SVOGL Oil Gas & Energy will hold a meeting of the Board of Directors of the Company on 11 February 2017.

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Vaksons Automobiles to hold board meeting
Feb 09,2017

Vaksons Automobiles will hold a meeting of the Board of Directors of the Company on 11 February 2017, to consider the change in the name of the Company owing to change in the object clause of the Company.

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