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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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Dhanuka Commercial to hold EGM
Dec 28,2016

Dhanuka Commercial announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 21 January 2017.

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Board of JK Tyre & Industries approves raising of funds upto Rs 1000 cr
Dec 28,2016

JK Tyre & Industries announced that the Board of Directors of the company at its meeting held on 28 December 2016 approved raising of funds upto an amount of Rs 1000 crore in one or more tranches by way of issue of securities, convertible/ non-convertible, with warrants or without warrants with exercisable by the warrant holder to convert or subscribe to equity shares, by way of public/ private offering and/or QIP, including GDRs, ADRs, FCCBs or any combination thereof.

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FPIs remain sellers
Dec 28,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 684.28 crore into the secondary equity markets on 27 December 2016, compared with their net outflow of Rs 1098.42 crore during the preceding trading session on 26 December 2016. The net outflow of Rs 684.28 crore on 27 December 2016 was a result of gross purchases of Rs 1644.88 crore and gross sales of Rs 2329.16 crore. On that day, the Sensex jumped 406.34 points or 1.57% to settle at 26,213.44, its highest closing level since 21 December 2016.

There was a net inflow of Rs 0.43 crore from the category primary markets & others on 27 December 2016.

FPIs have sold stocks worth a net Rs 7774.88 crore into the secondary equity markets in this month so far (till 27 December 2016). They sold shares worth a net Rs 20116.27 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 13279.90 crore from the secondary equity markets in calendar year 2016 so far (till 27 December 2016). They sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 786.27 crore from FPIs into the category primary markets & others in this month so far (till 27 December 2016). There was a net inflow of Rs 1872.02 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 8473.96 crore in calendar year 2016 so far (till 27 December 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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B.L.Kashyap & Sons announces appointment of nominee director
Dec 28,2016

B.L.Kashyap & Sons announced that in accordance with the Corporate Debt Restructuring (CDR) Package and the Letter of Approval (LOA) issued by CDR Empowered Group, the CDR Lenders are entitled to retain /appoint Nominee on the Board of the B.L. Kashyap and Sons limited. Accordingly, State Bank of India (SBI) the Monitoring Institution has nominated Sharad Sharma, Ex DMD of SBI as its nominee.

The Board of Directors vide resolution by circulation as per provisions of Section 175 of the Companies Act 2013 and rules made thereunder have considered and appointed Sharad Sharma as a Nominee Director with effect from 27 December 2016.

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Sovereign Diamonds provides operations update
Dec 28,2016

Sovereign Diamonds announced that the Company has taken the following actions around 15 November 2016:

1. Layoff of 14 workers and 2 staff members

2. The factory is operating for 4 working days instead of 6 working days.

3. There is a reduction in production and orders by almost 60% due to demonetization of Rs. 500/- and Rs. 1,000/- notes.

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Future Consumer allots equity shares
Dec 28,2016

Future Consumer announced that the Committee of Directors of the Board of Directors of the Company has on 28 December 2016, inter alia, issued and allotted 43,50,000 equity shares of Rs. 6/- each consequent to exercise of options granted and vested under FVIL Employees Stock Plan - 2011.

In terms of the aforesaid allotment, the paid-up share capital of the Company stands increased to Rs. 9,97,49,53,428/- comprising of 1,66,24,92,238 equity shares of Rs. 6/- each.

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Navin Fluorine International allots equity shares
Dec 28,2016

Navin Fluorine International announced that the Nomination and Remuneration Committee have on 27 December 2016 allotted 4,000 equity shares of the face value of Rs. 10/- of the Company to the employee upon exercising Stock Options by him under the prevailing Employee Stock Option Scheme 2007 of the Company.

With this allotment, the paid-up capital of the Company has increased to Rs.9,78,98,415/- (9788386 equity shares of Rs.10 /- each fully paid-up and 2911 partly paid equity shares of Rs.10 /- each, on which Rs.5/- per share paid-up).

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Manaksia Industries to announce December quarter results
Dec 28,2016

Manaksia Industries announced that the meeting of Board of Directors of the Company will be held on 07 January 2017, inter-alia, to consider, approve and take on record the Un-audited Financial Results (both standalone & Consolidated) of the Company for the quarter ended 31 December 2016.

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Cabinet approves International Solar Alliance (ISA): Signing of the Framework Agreement
Dec 28,2016

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its ex-post facto approval to the proposal of Ministry of New & Renewable Energy (MNRE) for ratification of ISAs Framework Agreement by India. ISA was launched jointly by the Prime Minister of India and the President of France on 30th November, 2015 at Paris on the side-lines of the 21st CoP meeting of the United Nations Framework Convention on Climate Change.

The ISA will strive to bring together more than 121 solar resource rich nations for coordinated research, low cost financing and rapid deployment. The foundation stone of the ISA Headquarters was laid at Gwal Pahari, Guragaon in Haryana. India has already committed the required support of operationalization of ISA. ISA will put India globally in a leadership role in climate and renewable energy issues. It will also give a platform to showcase its solar programmes.

Background

The Agreement was opened for signature on the sidelines of 22nd CoP meeting at Marrakesh, Morocco. The Agreement invokes the Paris Declaration on ISA and encapsulates the vision of the prospective member nations. UNDP and World Bank have already announced their partnership with the ISA. Till now, 25 nations have signed the Framework Agreement.

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Board of Divya Jyoti Industries to consider change in company secretary
Dec 28,2016

Divya Jyoti Industries announced that a meeting of the Board of Directors of the Company will be held on 02 January 2017, to consider the resignation and appointment of Company Secretary in the Company and to record condolence for the Sad Demise of Chairman cum Director of the Company, Rangnath Ji Nyati.

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Cabinet approves need-based sale of surplus land of four Pharmaceutical PSUs
Dec 28,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the sale of surplus land of Hindustan Antibiotics (HAL), Indian Drugs & Pharmaceuticals (IDPL), Rajasthan Drugs & Pharmaceuticals (RDPL) and Bengal Chemicals & Pharmaceuticals (BCPL), as would be required, to meet their outstanding liabilities. In this way, the national assets would be utilized in the best national interest.

The sale would be through open competitive bidding to government agencies and the outstanding liabilities will be met from the sale proceeds. Voluntary Retirement Scheme (VRS) / Voluntary Separation Scheme (VSS) will also be implemented in these Public Sector Undertakings.

The remaining part of the land will be managed in accordance with the guidelines of the Department of Investment & Public Assets Management (DIPAM) and Department of Public Enterprises (DPE).

After meeting the liabilities, steps will be taken to close IDPL and RDPL. The option of strategic sale will be explored for HAL and BCPL. The Department of Pharmaceuticals, the administrative department for these undertakings, will take time bound follow-up action.

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Intellect Design Arena allots equity shares
Dec 28,2016

Intellect Design Arena announced that the Members of the Stakeholders Relationship Committee of the Company vide its Circular Resolution dated 28 December 2016 has approved the allotment of 4,200 shares to Two (2) associates under ASOP 2003 Scheme, the allotment of 3,800 shares to four (4) associates under ASOP 2011 Scheme and the allotment of 500 shares to one (1) associate under ISOP 2015 scheme.

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K P R Mill fixes record date for buyback of shares
Dec 28,2016

K P R Mill has fixed 31 December 2016 as the Record Date for the purpose of Buyback of Equity Shares of the Company.

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Board of Vitan Agro Industries approves divestment of subsidiary
Dec 28,2016

Vitan Agro Industries announced that a meeting of the Board of Directors of the Company was held on 28 December 2016, considered, approved and took on record :

1. 100% divestment in Amirdam Food, a Wholly Owned Subsidiary of the Company subject to the Shareholders Approval vide postal Ballot.

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Outcome of board meeting of Dee Kartavya Finance
Dec 28,2016

Dee Kartavya Finance announced that the Meeting of Board of Directors of the Company held on 28 December 2016, have considered and approved the following:

1. The appointment of Pinki Bathwal & Mamta Devi as an additional director of the Company with immediate effect.

2. Rectified the Listing agreement dated 18 January 2016 by executing the fresh listing agreement dated 28 December 2016.

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