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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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Operation Clean Money by IT Dept gets overwhelming response
Feb 13,2017

The Income Tax Department (ITD) had initiated Operation Clean Money on 31st January, 2017 for the e-verification of large cash deposits made during the period from 9th November to 30th December, 2016. Email and SMS were sent to 18 lakh taxpayers for submitting online response on the e-filing portal.

The operation has seen an overwhelming response and till 12th February, 2017 more than 5.27 Lakh taxpayers have already submitted their response. Out of the 7.41 Lakh accounts confirmed by the 5.27 Lakh taxpayers, the cash deposit amount has been confirmed in more than 99.5 per cent accounts. The Department is encouraged to note that taxpayers have increased the cash deposit amount in nearly 90,000 accounts and provided details of additional 25,000 bank accounts in which cash was deposited. The explanation of cash deposit submitted by the taxpayer is being analysed in the context of nature of business and business profile in the earlier returns of the taxpayer.

This exercise has identified around 4.84 lakh taxpayers not yet registered with the e-filing portal. SMS have been sent on the mobile number of these unregistered persons. Income Tax Department is keeping a vigil on the PAN holders who have still not registered on the e-filing portal or who have not yet submitted their online response.

In order to facilitate online responses, the last date for their submission has been extended up to 15th February, 2017 and a detailed Frequently Asked Question (FAQs) has also been issued to assist the taxpayers in submitting their response. The taxpayers should submit their response within this further extended period with a view to avoid enforcement actions under the Income-tax Act and other applicable laws.

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Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes (CBDT)
Feb 13,2017

The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year up to 10th February, 2017. The amount of refunds issued at Rs.1.42 Lakh Crore is 41.5% higher than the corresponding period last year.

As a result of emphasis on expeditious issue of refunds, 92% of all Income Tax returns were processed within 60 days demonstrating CBDTs commitment to faster and more efficient taxpayer service. Of the refunds issued, 92% are below Rs.50,000 due to the high priority given to expeditious issue of refunds to small taxpayers. Only 2% of refunds less than Rs. 50,000 are remaining to be issued. Majority of these cases relate to recently filed ITRs or where the taxpayers response to the Department is awaited.

Taxpayers reposed faith in CBDTs e-governance initiatives by filing electronically a whopping 4.01 Cr ITRs till 10th February 2017 representing an increase of 20% over the previous year. Also, more than 60 lakh other online forms were filed with an increase of nearly 41% compared to the previous year.

Taxpayers are advised to verify and update their email address and mobile number on the e-filing website to receive electronic communication. CBDT is committed to ensuring best possible taxpayer services through its e-governance programs and increasing the coverage and scope of electronic filing and processing of various forms and applications.

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Kokuyo Camlin announces change in CEO
Feb 13,2017

Kokuyo Camlin announced that the Board of Director in its meeting held on 13 February 2017 took note of the resignation of Ayyadurai Srikanth - Chief Executive Officer, who has decided to pursue other opportunities. The Board of Directors accepted his resignation and noted that he will hold the said office until close of business hours on 31 March 2017.

Further, pursuant to the recommendation of the Remuneration and Nomination Committee in its meeting held on 13 February 2017 the Board of Directors have approved the appointment of Nobuchika Doi who is presently Executive Director of the Company, as the new Managing Director and Chief Executive Officer of the Company, who shall be designated as Chief Executive Officer & Executive Director of the company, with effect from 01 April 2017. The appointment of Nobuchika Doi is subject to the approval of the members at the ensuing annual general meeting of the Company.

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IND Renewable Energy appoints company secretary
Feb 13,2017

IND Renewable Energy announced Ruchita Birla has been appointed as Company Secretary cum compliance officer of the company with effect from 13 February 2017.

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Shilpi Cable Technologies announces cessation of director
Feb 13,2017

Shilpi Cable Technologies announced that pursuant to provisions of section 167(1)(b) of the Companies Act, 2013, the office of Hans Das Maheshwari, Nominee Director (appointed by IDBI Bank) of the Company has become vacant w.e.f. 11 February 2017. Hence, he ceases to be the director of the Company.

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Asian Hotels (North) announces resignation of director
Feb 13,2017

Asian Hotels (North) announced Gautam Ramanlal Divan, an Independent Non-executive Director of the Company resigned from the said office vide letter dated 10 February 2017. The resignation takes effect on 13 February 2017, being the date of receipt of the aforesaid letter by the Company.

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Shri Aster Silicates announces resignation of director
Feb 13,2017

Shri Aster Silicates announced that Dushyant Manibhai Buch has resigned as Independent director and all committee members of the Company w.e.f. 13 February 2017.

The board has approved his resignation in its board meeting dated 13 February 2017.

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Board of MEP Infrastructure Developers declares interim dividend
Feb 13,2017

MEP Infrastructure Developers announced the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, had:

- Declared an Interim Dividend of Re. 0.10 per equity share of Rs. 10/- each of the Company.

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MEP Infrastructure Developers fixes record date for interim dividend
Feb 13,2017

MEP Infrastructure Developers announced that the Company has fixed 25 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Interim Dividend will be paid/ dispatched to the equity shareholders of the Company on or before 15 March 2017.

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Board of SJVN declares interim dividend of Rs 2.25 per share
Feb 13,2017

SJVN announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, have approved interim dividend of Rs. 2.25 per equity share for the Financial Year 2016-17.

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CPI inflation dips to 3.2% in January 2017
Feb 13,2017

The all-India general CPI inflation dipped to 3.17% in January 2017 (new base 2012=100), compared with 3.41% in December 2016. The CPI inflation in January 2017 has touched a lowest level for CPI inflation data with base 2012 available since January 2014.

The corresponding provisional inflation rate for rural area was 3.36% and urban area 2.90% in January 2017 as against 3.83% and 2.90% in December 2016. The core CPI inflation rose to 5.00% in January 2017 from 4.83% in December 2016. The cumulative CPI inflation was slightly up at 4.85% in April-January FY2017 compared with 4.79% in April- January FY2016.

Among the CPI components, inflation of food and beverages declined to 1.29% in January 2017 from 1.98% in December 2016 contributing to the fall in CPI inflation. Within the food items, the inflation eased for pulses and products to (-) 6.62%, meat and fish 2.98%, vegetables (-) 15.62%, spices 5.04% and sugar and confectionery 18.69%. The inflation also eased for egg 2.64%, milk and products to 4.23% and non-alcoholic beverages 3.10%. On the other hand, inflation moved up for oils and fats 3.12% and fruits 5.81% in January 2017.

The inflation for housing was nearly flat at 5.02%, while that for miscellaneous items moved up to 5.06% in January 2017. Within the miscellaneous items, the inflation for Transport and communication jumped to 5.40%, and Education 5.62%, while inflation declined for personal care and effects to 6.29%, household goods and services 4.19% and health 4.18% in January 2017.

The inflation for clothing and footwear eased to 4.71% in January 2017, while the CPI inflation of fuel and light also declined to 3.42% in January 2017.

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Board of Control Print appoints company secretary
Feb 13,2017

Control Print announced that at the meeting of the Board of Directors of the Company held on 13 February 2017, the Board of Directors had approved appointment of Reena Shah, an Associate Member of the Institute of Company Secretaries of India as the Company Secretary of the Company and designated her as Key Managerial Personnel of the Company w.e.f. 13 February 2017.

Further, Reena Shah, will also act as Compliance Officer of the Company, pursuant to Regulation 6 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 w.e.f 13 February 2017.

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Ruchi Soya Industries partners with Patanjali Ayurveda
Feb 13,2017

Ruchi Soya Industries announced the signing of agreements with Patanjali Ayurved for physical refining and packaging of edible oils to be sold under Patanjali brand. Under the terms of the agreements, Ruchi Soya would process the crude oil provided by Patanjali Ayurved and pack the refined oil as per their specifications. The agreements are for an initial period of three years.

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Tata Communications and ST Telemedia complete Singapore data centre JV transaction
Feb 13,2017

Tata Communications announced the successful completion of the Singapore data centre joint venture transaction with ST Telemedia (STT), a global investor in communications, media and technology businesses.

In May 2016, both companies announced their entry into definitive agreements whereby STT, through its wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC), agreed to acquire a 74% majority stake in Tata Communications data centre business in India andSingapore, with Tata Communications holding the remaining stake as a minority shareholder. The India data centre joint venture transaction was successfully completed on 19 October 2016.

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KNR Constructions standalone net profit declines 9.98% in the December 2016 quarter
Feb 13,2017

Net profit of KNR Constructions declined 9.98% to Rs 30.67 crore in the quarter ended December 2016 as against Rs 34.07 crore during the previous quarter ended December 2015. Sales rose 87.01% to Rs 380.55 crore in the quarter ended December 2016 as against Rs 203.49 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales380.55203.49 87 OPM %15.1622.94 - PBDT61.2747.32 29 PBT44.6836.71 22 NP30.6734.07 -10

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