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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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Australia Shares close higher on financials
Mar 17,2017

Australian equity market finished higher for fourth straight session on Friday, 17 March 2017, thanks to rise in financial stocks after two of the Big Four banks increased their mortgage rates. At the close, the benchmark S&P/ASX 200 index added 13.80 points, or 0.24%, of 5,799.60, while the broader All Ordinaries index rose 13.30 points, or 0.23%, to 5,840.80. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 592 to 500 and 313 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 7.99% to 9.745.

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15.33 lakh tonnes of pulses procured towards building the buffer stock
Mar 17,2017

The pulses procured and imported by the designated agencies are stored in their own godowns as well as godowns hired from CWC/SWC/Private parties. The storage capacity available with FCI, CWC, SWC and other state agencies along with private warehouses available in the country are adequate for storing the buffer stock of pulses.

As on 14.03.2017, Government has created a buffer of around 15.33 lakh tonnes of pulses including 4.01 lakh tonnes contracted for imports.  The variety-wise, State-wise stock available is given below in table.

A)    Pulses Procured Domestically

Stock of Buffer Available-State-wise and Variety-wise of Domestic Pulses As on 14.03.2017 in MTs

 S.No.

State

Tur

Moong

Urad

Chana

Masur

1

Madhya Pradesh

60090.94

28809.73

9233.53

374.61

7941.51

2

Maharashtra

270800.85

15446.92

7275.36

1126.31

0.00

3

Andhra Pradesh

582.95

702.30

3665.60

156.10

0.00

4

Telangana

175087.24

72.70

3381.41

0.00

0.00

5

Karnataka

163220.17

2105.75

5050.65

0.85

0.00

6

Gujarat

67273.00

1422.45

77.44

0.00

0.00

7

Rajasthan

0.00

19254.22

189428.97

10101.45

254.49

8

Uttar Pradesh

0.00

22729.92

0.00

0.00

382.29

9

Tamil Nadu

0.00

118.54

0.00

0.00

0.00

10

Haryana

0.00

0.00

1069.35

0.00

0.00

11

Bihar

0.00

0.00

0.00

0.00

16.20

 

Total

737055.15

90662.53

219182.31

11759.32

8594.49

B)    Imported pulses

Stock of Imported Pulses of MMTC and STC  As on 16.03.2017 in MTsStateTurUradDesi Chick peas (Chana)Red Lentils (Masur)Tamil Nadu2845322353Maharashtra2661516922283842472Andhra Pradesh453741690038000Gujarat453783148440301West Bengal9888Total1458203927551222130661

1840 Public authorities aligned with the RTI Online Portal: Dr Jitendra Singh
Mar 17,2017

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh briefed the media on RTI Online Portal.

Dr Jitendra Singh expressed happiness that 1840 Public authorities are aligned with the RTI Online Portal till date. He said that this portal is in line with the Prime Minister Shri Narendra Modis vision of Digital India. The emphasis of the Government has always been on transparency and good governance, he added. He said that the government is persuading the states to implement the RTI Online portal. He said that it is really appreciable to persuade large number of departments to adopt this portal. The Minister also said that RTI online portal will curb delays in responding to the RTIs.

The Secretary, DoPT Shri B. P. Sharma said that RTI Online Portal (https://rtionline.gov.in) was launched in August, 2013, making it convenient for citizens to file RTI requests and First Appeals through on-line. The portal is now bilingual (Hindi & English) and can be operated through online payment of RTI fee and additional payments through SBI gateway. He informed that out of the five Action Points selected by Niti Aayog, all the Public Authorities registered with the Central Information Commission (CIC) will have to be aligned by 30.06.2017. Shri B. P Sharma said that from only 477 Public Authorities (PAs) aligned as on 01 April 2016, 1363 more PAs have been aligned with the portal as on 17 March 2017, taking the total to 1840. Moreover, 198 Public Authorities under Delhi Government have adopted DoPTs RTI web portal. This way the total PAs aligned with RTI portal becomes 2038. The remaining PAs including those from UTs of Puducherry and Chandigarh will be aligned with DoPTs RTI online Portal by 30.04.2017. Majority of the aligned Public Authorities are under the D/o of Heavy Industry, Financial Services, Ministries of Railways, Power, Steel and Health & Family Welfare etc.

During 2015-16, 175 High Commissions and Consulate General of India (CGI) abroad were also aligned with the RTI Portal. For taking forward this initiative, CICs on-line web portal launched in November, 2016 has been integrated with DoPTs RTI on-line portal in order to provide a single window to citizens for filing RTI Request, First Appeal and Second Appeal. Moreover, the RTI Online Portal with minor customization has been implemented in Maharashtra while work is under process in some other States/UTs. As close to 90% internet usage is through mobile, Mobile App for RTI is planned to be rolled out in near future. For awareness creation, a new audio spot along with the existing spot are being aired on All India Radio w.e.f. 1st March, 2017 in Hindi & 10 regional languages. New building of CIC is under construction and provision of providing Video Conferencing facility for disposal of 2nd appeals/complaints is there so that personal appearances may be dispensed with in most cases.

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Mineral Production during January 2017 was 5.3% higher as compared to January 2016
Mar 17,2017

The index of mineral production of mining and quarrying sector for the month of January (new Series 2004-05=100) 2017 at 146.1, was 5.3% higher as compared to January 2016. The cumulative growth for the period April- January 2016-17 over the corresponding period of previous year has been (+) 1.4 percent.

The total value of mineral production (excluding atomic & minor minerals) in the country during January 2017 was Rs. 22775 crore. The contribution of Coal was the highest at Rs. 9535 crore (42%). Next in the order of importance were: Petroleum (crude) Rs. 5591 crore, Iron ore Rs. 2657 crore, Natural gas (utilized) Rs. 2192 crore, Lignite Rs.901 crore and Limestone Rs. 587 crore. These six minerals together contributed about 94% of the total value of mineral production in January 2017.

Production level of important minerals in January 2017 were: Coal 652 lakh tonnes, Lignite 51 lakh tonnes, Natural gas (utilized) 2650 million cu. m., Petroleum (crude) 31 lakh tonnes, Bauxite 2248 thousand tonnes, Chromite 259 thousand tonnes, Copper conc. 13 thousand tonnes, Gold 139 kg., Iron ore 186 lakh tonnes, Lead conc. 28 thousand tonnes, Manganese ore 221 thousand tonnes, Zinc conc. 168 thousand tonnes, Apatite &Phosphorite 75 thousand tonnes, Limestone 269 lakh tonnes, Magnesite 22 thousand tonnes and Diamond 3670 carat.

The production of important minerals showing positive growth during January 2017 over January 2016 include: Zinc conc. (87.0%), Lead conc. (36.7%), Gold (35.0%), Diamond (31.8%), Iron ore (26.5%), Bauxite (22.4%), Manganese ore (21.4%), Lignite (19.1%), Natural gas (utilized) (11.3%), Copper conc. (8.8%), Coal (3.7%) Petroleum (crude) (1.3%) and Magnesite (0.1%). The production of other important minerals showing negative growth are: Chromite [(-) 17.2%], Apatite &Phosphorite [(-) 14.8%] and Limestone [(-) 3.6%].

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Board of V-Guard Industries allots 12,13,29,846 bonus shares
Mar 17,2017

V-Guard Industries announced that the Board of Directors at its meeting held on 17 March 2017 has allotted 12,13,29,846 bonus shares having face value of Re 1 to the shareholders of the Company who held shares as on the record date of 16 March 2017.

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Vakrangee moves higher after announcing tie up with Aditya Birla Health Insurance Company
Mar 17,2017

The announcement was made during market hours today, 17 March 2017.

Meanwhile, the S&P BSE Sensex was up 38.19 points or 0.13% at 29,624.04

On BSE, so far 75,000 shares were traded in the counter as against average daily volume of 2.24 lakh shares in the past one quarter. The stock hit a high of Rs 320.45 and a low of Rs 316.60 so far during the day.

The large-cap company has equity capital of Rs 52.92 crore. Face value per share is Rs 1.

Vakrangee is one of the Indias largest network of technology driven last-mile retail points-of sale and this tie up with Aditya Birla Health Insurance Company is going to be a win-win affair for all stakeholders. While Aditya Birla Health Insurance will be able to expand its distribution network in more than 29,000 Vakrangee Kendra outlets, Vakrangee will have added range of quality product to offer through its vast distribution network.

Citizens, especially in un-served and underserved areas, will be able to access quality Health Insurance products and services offered/to be offered by Aditya Birla Health Insurance. Aditya Birla Health Insurance Company is a joint venture between Aditya Birla Group, and MMI Holdings (MMI).

On a consolidated basis, Vakrangees net profit rose 27.87% to Rs 131.55 crore on 19.54% growth in net sales to Rs 978.86 crore in Q3 December 2016 over Q3 December 2015.

Vakrangee is the unique technology driven company focused on building Indias largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved rural, semi-urban and urban markets. These retail touch points are called as Vakrangee Kendra which act as the one-stop shop for availing various services and products.

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Board of Polo Hotels appoints directors
Mar 17,2017

Polo Hotels announced that the Board of Directors at its meeting held on 17 March 2017 has appointed Gurpreet Singh Toor (DIN: 07753943) as an Additional Director with immediate effect in terms of clause 13(d) of Articles of Association of the company.

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Jindal Poly Films spurts about 36% in six trading sessions
Mar 17,2017

Meanwhile, the S&P BSE Sensex was up 47.29 points, or 0.16% to 29,633.14.

The S&P BSE Small-Cap index was up 4.53 points, or 0.03% to 14,010.93.

On the BSE, 4.75 lakh shares were traded in the counter so far, compared with average daily volumes of 24,054 shares in the past one quarter. The stock had hit a high of Rs 476.10 and a low of Rs 416.70 so far during the day. The stock hit a 52-week high of Rs 538.75 on 11 May 2016. The stock hit a 52-week low of Rs 300 on 27 December 2016.

The stock had outperformed the market over the past one month till 16 March 2017, rising 28.86% compared with 5.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.05% as against Sensexs 11.69% rise.

The small-cap company has equity capital of Rs 43.79 crore. Face value per share is Rs 10.

Shares of Jindal Poly Films have surged 35.90% in six trading sessions from its close of Rs 321.35 on 8 March 2017.

Jindal Poly Films announced on 6 March 2017 that its board of directors approved expansion plans for companys India operation by investment of Rs 350 crore. Investment will be made in polyester line - H, (PET) and C.P. plant for manufacturing of polyester chips to be used for internal consumption to manufacture BOPET (biaxially-oriented polyethylene terephthalate) film. After the commencement of line, the combined capacity of BOPET films will be totaling to 1,82,000 tonnes per annum.

Jindal Poly Films consolidated net profit fell 27.4% to Rs 38.49 crore on 7.8% drop in net sales to Rs 1520.55 crore in Q3 December 2016 over Q3 December 2015.

Jindal Poly Films is engaged in diverse business activities including manufacturing of polyester film, polypropylene film, steel pipes and photographic products.

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Board of Surana Telecom and Power allots equity shares under scheme of arrangement
Mar 17,2017

Surana Telecom and Power announced that the Board of Directors of the Company at its meeting held on 17 March 2017 has allotted ,11,33,113 fully paid-up equity shares of Re.1/- each of the Company, to the members whose names are recorded in the register of members of Bhagyanagar India on Record Date, as per the swap ratio i.e., 4 equity shares of Re.1/- each fully paid up of Surana Telecom and Power for every 6 equity shares of Rs.2/- each fully paid of Bhagyanagar India.

The shares allotted pursuant to the Scheme of Arrangement shall: a)in the case of shares allotted in demat form, remain frozen in the depositories system and therefore, not be available for trading; and b)in the case of shares allotted in physical form, not be available for trading on the floor of the Stock Exchange(s) till the relevant listing/trading permissions are given by the Stock Exchange(s).

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Board of Surana Telecom and Power allots equity shares under scheme of arrangement
Mar 17,2017

Surana Telecom and Power announced that the Board of Directors of the Company at its meeting held on 17 March 2017 has allotted ,11,33,113 fully paid-up equity shares of Re.1/- each of the Company, to the members whose names are recorded in the register of members of Bhagyanagar India on Record Date, as per the swap ratio i.e., 4 equity shares of Re.1/- each fully paid up of Surana Telecom and Power for every 6 equity shares of Rs.2/- each fully paid of Bhagyanagar India.

The shares allotted pursuant to the Scheme of Arrangement shall: a)in the case of shares allotted in demat form, remain frozen in the depositories system and therefore, not be available for trading; and b)in the case of shares allotted in physical form, not be available for trading on the floor of the Stock Exchange(s) till the relevant listing/trading permissions are given by the Stock Exchange(s).

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Outcome of board meeting of Inditalia Refcon
Mar 17,2017

Inditalia Refcon at its board meeting held on 17 February 2017 has condoled the death of Rajindar Mittal, Promoter Director of the Company.

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Board of Dhenu Buildcon Infra accepts resignation of director
Mar 17,2017

Dhenu Buildcon Infra announced that the Board of Directors of the Company at its meeting held on 17 March 2017 has accepted the resignation of Madhumati Gawade, Director of the Company with immediate effect.

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NTPC Clocks Highest Ever Annual Cumulative Gross Generation of 263.95 BU
Mar 17,2017

NTPC Group achieved highest ever cumulative gross generation of 263.95 Billion Units (BU) till yesterday during current year surpassing previous annual best of 263.42 BU recorded in Financial Year 2016-17. Generation of Group NTPC registered an annual growth of 4.71% over last year.

NTPC Pit Head Coal stations, having capacity of 25840 MW, recorded day PLF of 95.71% on 16-3-17 and cumulative monthly PLF of 91.4% in the month of March,2017 till date. 29 Units of NTPC coal plants have generated at a PLF of more than 100% on 16-3-17.

NTPC stations have continued excellent performance in the current month with Vindhyachal station, Indias largest power station having capacity of 4760 MW, achieving highest ever day generation of 114.254 MU at PLF 100.01% on 8-3-17. Mouda station also recorded highest ever day Generation of 31.2 MU on 9-3-17 and Solar Generation of NTPC touched maximum generation of 2.353 MU on 12-3-17.

NTPC is the largest power utility in the country playing a major role in meeting the power needs of the country thus contributing to its economic and social development by contributing nearly 24 % of countrys generation. NTPC has a vision to be the Worlds Leading Power Company, Energizing Indias Growth. Known for its efficient operations and consistent performance NTPC is the third largest power company in terms of coal based power generation capacity, 2ndin PLF, 3rdin machine availability and 7thin terms of electricity generation, among the top twenty coal based power generating companies globally.

NTPC has total installed capacity of 48,188 MW from its 19 coal based, 7 gas based, 10 solar PV, one Hydro and 9 Subsidiaries / Joint Venture power stations. Company has capacity of over 23,000 MW under implementation at 23 locations across the country including 4300 MW being undertaken by joint venture and subsidiary companies. NTPCs First coal mine Pakri-Barwadih at Hazaribagh became operational in December 2016. First wind power project of NTPC- Rojmal Wind Energy Project 50 MW is being set up in the State of Gujarat.

NTPC recently inaugurated 100 kWp Floating Solar PV plant, the largest of its kind in India as on date, indigenously developed as a part of Make in India initiative, at RGCCPP Kayamkulam, Kerala.

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Foreign Tourist Arrivals (FTAs)n++ and n++Foreign Tourist Arrivals (FTAs)n++ on e-Tourist visa during February 2017
Mar 17,2017

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

The following are the important highlights regarding FTAs & FTAs on e-Tourist Visa from tourism during the month of February, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in February, 2017 were 9.56 lakh as compared to FTAs of 8.47 lakh in February, 2016 and 7.61 lakh in February, 2015.

n++ The growth rate in FTAs in February, 2017 over February, 2016 is 13.0% compared to 11.3% in February, 2016 over February, 2015.

n++ FTAs during the period January- February 2017 were 19.40 lakh with a growth of 14.7%, as compared to the FTAs of 16.91 lakh with a growth of 9.0% in January- February 2016 over January- February 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 source countries was highest from Bangladesh (17.46%) followed by UK (12.20%), USA (11.83%), Russian Fed. (4.29%), Canada (4.26%), France (3.25%), Germany (3.11%), China (2.96%), Sri Lanka (2.91%), Australia (2.62%), Malaysia (2.55%), Japan(2.26%), Thailand (1.83%), Afghanistan (1.73%), and Nepal (1.50%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 ports was highest at Delhi Airport (31.86%) followed by Mumbai Airport (16.10%), Haridaspur Land checkpost (9.44%), Chennai Airport (6.72%), Goa Airport (5.58%), Bengaluru Airport (5.14%), Kolkata Airport (4.75%), Cochin Airport (2.61%), Hyderabad Airport (2.49%), Gede Rail Land checkpost (2.43%), Ahmadabad Airport (2.03%), Amritsar Airport (1.49%), Trivandrum (1.37%), Ghojadanga land checkpost (1.24%) and Gaya Airport (1.24%).

Foreign Tourist Arrivals on e-Tourist Visa

n++ During the month of February, 2017 total of 1.70 lakh tourist arrived on e-Tourist Visa as compared to 1.17 lakh during the month of February 2016 registering a growth of 45.2%.

n++ During January- February 2017, a total of 32.18 lakh tourist arrived on e-Tourist Visa as compared to 20.54 lakh during January-February 2016, registering a growth of 56.7% .

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during February, 2017 were as follows:

UK (26.1%), USA (11.0%), France (7.3%), Russian Fed (7.3%), China (5.1%), Germany (4.8%), Canada (3.9%), Australia (3.4%), Korea (Rep.of) (2.2%), Netherlands (1.9%), Ukraine (1.5%), South Africa (1.5%), Spain (1.3%), Singapore (1.2%) and Sweden (1.2%).

The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during February, 2017 were as follows:-

New Delhi Airport (42.0%), Mumbai Airport (19.6%), Dabolim (Goa) Airport (13.3%), Chennai Airport (6.3%), Bengaluru Airport (4.9%), Kochi Airport (3.6%), Kolkata Airport (2.3%), Hyderabad Airport (2.0%) Trivandrum Airport (1.7%), Amritsar Airport (1.7%), Ahmadabad Airport (1.5%), Jaipur Airport (0.5%), Tirchy Airport (0.4%), Gaya Airport (0.2%)and Lucknow Airport(0.1%) .

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Foreign Tourist Arrivals (FTAs) and Foreign Tourist Arrivals (FTAs) on e-Tourist visa during February 2017
Mar 17,2017

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

The following are the important highlights regarding FTAs & FTAs on e-Tourist Visa from tourism during the month of February, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in February, 2017 were 9.56 lakh as compared to FTAs of 8.47 lakh in February, 2016 and 7.61 lakh in February, 2015.

n++ The growth rate in FTAs in February, 2017 over February, 2016 is 13.0% compared to 11.3% in February, 2016 over February, 2015.

n++ FTAs during the period January- February 2017 were 19.40 lakh with a growth of 14.7%, as compared to the FTAs of 16.91 lakh with a growth of 9.0% in January- February 2016 over January- February 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 source countries was highest from Bangladesh (17.46%) followed by UK (12.20%), USA (11.83%), Russian Fed. (4.29%), Canada (4.26%), France (3.25%), Germany (3.11%), China (2.96%), Sri Lanka (2.91%), Australia (2.62%), Malaysia (2.55%), Japan(2.26%), Thailand (1.83%), Afghanistan (1.73%), and Nepal (1.50%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 ports was highest at Delhi Airport (31.86%) followed by Mumbai Airport (16.10%), Haridaspur Land checkpost (9.44%), Chennai Airport (6.72%), Goa Airport (5.58%), Bengaluru Airport (5.14%), Kolkata Airport (4.75%), Cochin Airport (2.61%), Hyderabad Airport (2.49%), Gede Rail Land checkpost (2.43%), Ahmadabad Airport (2.03%), Amritsar Airport (1.49%), Trivandrum (1.37%), Ghojadanga land checkpost (1.24%) and Gaya Airport (1.24%).

Foreign Tourist Arrivals on e-Tourist Visa

n++ During the month of February, 2017 total of 1.70 lakh tourist arrived on e-Tourist Visa as compared to 1.17 lakh during the month of February 2016 registering a growth of 45.2%.

n++ During January- February 2017, a total of 32.18 lakh tourist arrived on e-Tourist Visa as compared to 20.54 lakh during January-February 2016, registering a growth of 56.7% .

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during February, 2017 were as follows:

UK (26.1%), USA (11.0%), France (7.3%), Russian Fed (7.3%), China (5.1%), Germany (4.8%), Canada (3.9%), Australia (3.4%), Korea (Rep.of) (2.2%), Netherlands (1.9%), Ukraine (1.5%), South Africa (1.5%), Spain (1.3%), Singapore (1.2%) and Sweden (1.2%).

The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during February, 2017 were as follows:-

New Delhi Airport (42.0%), Mumbai Airport (19.6%), Dabolim (Goa) Airport (13.3%), Chennai Airport (6.3%), Bengaluru Airport (4.9%), Kochi Airport (3.6%), Kolkata Airport (2.3%), Hyderabad Airport (2.0%) Trivandrum Airport (1.7%), Amritsar Airport (1.7%), Ahmadabad Airport (1.5%), Jaipur Airport (0.5%), Tirchy Airport (0.4%), Gaya Airport (0.2%)and Lucknow Airport(0.1%) .

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