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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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IVL Finance (subsidiary of Indiabulls Ventures) appoints CEO
Jun 19,2017

IVL Finance (a non-public deposit taking NBFC registered with the Reserve Bank of India) a wholly owned subsidiary of Indiabulls Ventures has appointed Pinank Shah, as its CEO with immediate effect.

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Burnpur Cements announces change in company secretary
Jun 19,2017

Burnpur Cements announced the resignation of Sudhansu Panigrahi from the post of Company Secretary with effect from 17 April 2017. The Company has appointed Indrajeet Tiwary as Company Secretary with effect from 14 June 2017.

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Deccan Gold Mines allots 553,500 equity shares
Jun 19,2017

Deccan Gold Mines has allotted 553,500 fully paid equity shares of Re.1/- each on conversion of employee stock options under Deccan Gold Mines Limited Employee Stock Option Scheme, 2014 (& amended 2016).

Consequent to the above allotment, the paid-up equity share capital of the Company has increased from Rs.91,627,075/- consisting of 91,627,075 equity shares of Re.1/- each to Rs. 92,180,575/- consisting of 92,180,575 equity shares of Re.1/- each.

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SpiceJet and Boeing sign MoU for 40 737 MAX airplanes
Jun 19,2017

SpiceJet and Boeing on 19 June 2017 signed a memorandum of understanding for 40 737 MAX airplanes. The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carriers 737 MAX 8 airplanes of its current order to 737 MAX 10s.

SpiceJet operates a fleet of 35 Next-Generation 737s and 19 Bombardier Q400s. The carrier plans to grow its operational fleet to 100 airplanes by 2020 and looks to expand regionally with the new 737 MAX family of airplanes. SpiceJet will take delivery of its first 737 MAX in 2018.

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TCS recognised as Leader and Star Performer in Life Sciences IT Application Services
Jun 19,2017

Tata Consultancy Services has been recognised as a Leader and Star Performer in Life Sciences IT Application Services by leading advisory and research firm, Everest Group, in its report Life Sciences - IT Application Services Providers PEAK Matrix Assessment 2017.

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NLC India appoints director
Jun 19,2017

NLC India that Suresh Kumar, Additional Secretary to Government of India, Ministry of Coal, has been appointed as a Part-time Official Director of the Company with effect from 9 June,2017.

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Dune Mercantile announces resignation of director
Jun 19,2017

Dune Mercantile announced the resignation of Shanti lal sankhla as an director with effect from 19 June 2017.

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Artson Engineering receives order worth Rs 5.19 crore
Jun 19,2017

Artson Engineering has received an order from Tata Projects, for an amount of Rs. 5.19 crore for Fabrication, Erection, Commission and associated works for Large Diameter Piping of 1 x 800 MW SDSTPS, Krishnapatnam, Nellore, Andhra Pradesh.

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Mindtree announces launch of Magnet 360s Salesforce Fullforce Solution Accelerator
Jun 19,2017

Magnet 360, a Mindtree company, announced the release ofConsumerConnect 360n++a Salesforce Fullforce Solution Accelerator for consumer goods brands.

Magnet 360s Salesforce Fullforce Solution Accelerator provides fasterand more predictable deployments for CG customers, and gives them the ability to transform their traditional marketing, sales, and service functions into a multi-channel, customer-centric platform.

It can be deployed quickly with Magnet 360s expertise in Salesforce solutions allowing consumer goods brands to experience shorter stand-up time, reduced expense, and greater speed to value

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J Taparia Projects plans to delist shares from Calcutta Stock Exchange
Jun 19,2017

J Taparia Projects plans to voluntarily delist its shares from Calcutta Stock Exchange. The Board of the Company will consider the proposal on 24 June 2017.

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Sellwin Traders proposes to delist shares from Calcutta Stock Exchange
Jun 19,2017

Sellwin Traders plans to delist its shares from Calcutta Stock Exchange. The board of the company will consider the proposal on 24 June 2017.

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Rama Steel Tubes installs solar project of 750 KWp
Jun 19,2017

Rama Steel Tubes has installed Solar Project at Khopoli Facility, Maharashtra. This Solar project will be generating 1100 MWh / Year of energy, same amount of energy needed to power the installed and upcoming Capacities.

The solar project has a capacity of 750 KWp and will generate the same amount of energy needed to power the current as well as the planned upcoming capacity. An array of 2400 solar panels carpets the land, converting sunlight into electrical currents. lt will save money and energy while also protecting the environment. The estimated amount of reduction in the Carbon Footprint will reduce by LL20 MT pa by reducing the emission of Carbon dioxide into the atmosphere.

The Company has executed the entire project in less than 3 months timeat a cost of 3.75 crores. Working with Visa Powertech, the sustainable energy developer, Rama Steel Tubes has mounted 24OO solar panels on the factory land at its Khopoli facility, Maharashtra - an area equivalent to 3.75 acres.

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Religare Enterprises to hold EGM
Jun 19,2017

Religare Enterprises announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 July 2017 .

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Board of Marvel Vinyls recommends final dividend
Jun 19,2017

Marvel Vinyls announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Donear Industries recommends final dividend
Jun 19,2017

Donear Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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