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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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Reliance Defence & Engineering delivers newbuilt Panamax Bulk Carrier
Jun 21,2017

Reliance Defence & Engineering has successfully delivered yet another 73,500 DWT new-built Ice-class Panamax Bulk Carrier viz. Golden Opal on 21 June 2017 to an international customer.

Reliance Shipyard has delivered till date eight similar size, Ice-class Panamax Vessels to its international customers. The Vessel has been built as per one of the best-in-class international standards meeting the toughest environmental emission norms as well as fuel economy (EEDI) standards.

These are the largest dry bulk carriers of its class ever built in India. RDEL is the only Indian Shipyard to achieve this landmark.

The Shipyard meets the latest Performance Standards for Protective Coating (PSPC) which ensures most advanced painting solution protecting the marine life while increasing the life to the vessel.

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Premier receives Rs 83.51 crore from DFCC (subsidiary of India Railways)
Jun 21,2017

Premier has received Rs 83.51 crore (net) as a part payment towards compensation from the DFCC (a subsidiary of the Indian Railways) for compulsorily acquiring a part of the Companys land. Of this, Rs 62.5 crore has been utilised to repay term debt, all public fixed deposits and other high cost debt. The balance has been used in operations of the Company.

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Asia Pack disposes off entire stake in Rhyah Tradex
Jun 21,2017

Asia Pack has has sold / disposed off its entire holding (i.e.10000 Equity shares) in Rhyah Tradex Private Limited, consequently the Rhyah Tradex Private Limited is no Longer subsidiary of the Company. The reason for dispose off the equity share is that since last one year said company was not doing any business and has no assets.

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Godrej Consumer Products intimates of amdement in capital clause of MoA and AoA
Jun 21,2017

Godrej Consumer Products announced that the Capital Clause of the MoA and AoA has been amended to facilitate the issue of bonus shares.

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Rolta India provides update on step down subsidiary - Rolta Advizex Technologies
Jun 21,2017

Rolta India announced that .R. Howdyshell, has been appointed as President of Rolta Advizex Technologies LLC, USA, Companys step down subsidiary.

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Persistent Systems and Attivio announces Engage 360 on Salesforce AppExchange
Jun 21,2017

Persistent Systems and Attivio announces Engage 360, on the salesforce AppExchange. Built on Attivios Cognitive Search and Insights Platform, Engage 360 helps organisations improve customer service productivity and effectiveness with optimised turnaround on customer issues and cases, better mean time resolution, faster agent on-boarding and effective service supervision. The result is better customer satisfaction and loyalty, improved service staff productivity and fulfilment and higher customer and staff retention rates.

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NHPC signs MOU with Ministry of Power, GoI
Jun 21,2017

NHPC has signed a Memorandum of Understanding on 20 June 2017 with Ministry of Power, Government of India for year 2017-18. The salient features of the MoU are enlisted below -

Generation target under excellent rating has been set as 24000 MU as against last year target of 23500 MU.

Excellent targets for Revenue from Operations has been kept as Rs 7350 crore.

Operating Profit as a % of Revenue from Operations (Net) has been kept as 25.09%.

PAT/ Average Networth has been kept as 7.15%.

Ensure optimum utilisation of budget CAPEX programme of NHPC has been assigned 10% weightage in the MOU 2017-18.

Further, targets regarding Plant Availability Factor, Forced Outage and Reduction in outstanding claims, Trade Receivables , Dividend/ PAT etc have been included in the MoU. Human Resources Management (HRM) related parameters have also been included with 10% weightage in the MOU.

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Mindtree introduces Mindtree Integrated Services
Jun 21,2017

Mindtree has introduced Mindtree Integrated Services. The servicecombines next-practice methods and tools to tightly integrate infrastructure and applications into a unified foundation that provides up to 30% cost savings from traditional operating models.

Integrated Services is powered by Mindtree CAPE, a customizable plug-and-play platform that integrates the enterprise technology landscape and accelerates the automation journey. It is equipped with converged capabilities of DevOps and Agile along with technologies like RoboticProcess Automation and Cognitive Computing.

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Vaibhav Global allots 4,384 equity shares
Jun 21,2017

Vaibhav Global has allotted 4,384 Equity Shares of Rs. 10 each on 21st June, 2017 to Vaibhav Global Employee Stock Option Welfare Trust under VGL Employee Stock Option Plan (As Amended) - 2006.

Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 32,55,30,430 consisting of 3,25,53,043 Equity Shares of Rs. 10 each.

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Hinduja Leyland Finance withdraws DRHP from SEBI
Jun 21,2017

Ashok Leyland announced that the Board of Directors of its subsidiary, Hinduja Leyland Finance at their meeting held on 23 May 2017 had decided withdraw the Draft Red Herring Prospectus (DRHP) and accordingly the DRHP had been withdrawn from SEBI on 16 June 2017.

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TCS recognised as One of Americas Civic 50
Jun 21,2017

Tata Consultancy Services has been recognised in The Civic 50 as one of Americas 50 most community minded companies by Points of Light, the worlds largest organisation dedicated to volunteer service.

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Outcome of board meeting of Medicamen Biotech
Jun 21,2017

Medicamen Biotech announced that the Board of Directors at its meeting held on 21 June 2017 has approved the following -

Approval to the Issue & Allot 306000 Warrants, convertible into Equity Shares of the Company at a price of Rs. 543/- per warrant (including a premium of Rs.533/- each), in accordance with the SEBI (ICDR) Regulations, 2009 on Preferential Allotment basis to a promoter group and non promoter group/ Investors.

Calling of an Extraordinary General Meeting, of the Company in relation to the Preferential Issue as aforesaid on 17 July, 2017.

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Prism Cement announces completion of capacity expansion of JV Sanskar Ceramic
Jun 21,2017

Prism Cement announced that its step down joint venture, Sanskar Ceramic, has completed the expansion of 4.2 million m2 (MSM) per annum Vitrified Tiles capacity at its Dhuva plant, Morbi. The commercial production has commenced from 21 June 2017.

With this expansion, the Company would be able to reduce outsourcing of Vitrified Tiles from third party sources and become more self-reliant. The capacity of Sanskar now stands at 2.3 MSM of wall tiles and 4.2 MSM of Vitrified Tiles.

The overall capacity of H & R Johnson (India), a Division of Prism Cement, along-with its joint ventures and subsidiaries would stand at over 65 MSM per annum.

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GHCL extinguishes 253,255 equity shares
Jun 21,2017

GHCL announced that pursuant to buyback of shares on 20 June 2017 for extinguishment of 253,255 equity shares of Rs. 10/- each, the paid-up and issued share capital of GHCL stands reduced to Rs. 977,107,860 /- consisting of 97,710,786 equity shares.

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Tube Investments of India allots 26,376 equity shares
Jun 21,2017

Tube Investments of India has allotted 26,376 Equity Shares of Rs 2 each under ESOP. Post this allotment, the number of outstanding equity shares has increased to 187,483,247 and paid up equity share capital to Rs 37.49 crore.

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