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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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Tata Consultancy Services partners with Element Fleet Management
Jul 26,2017

Tata Consultancy Services announced that Element Fleet Management has leveraged TCSs experience in Digital Reimagination to deliver Xcelerate, Elements next-generation fleet management system, for its 2800+ customers in the United States, Canada and Mexico.

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Sonata Softaware extends engagement with Microsoft
Jul 26,2017

Sonata Softaware announced that Microsoft has recognised the Company as a Microsoft ISV Development Center. The Microsoft ISV Development Centers (Dev Centers) were established to provide strong third party technical services that can be contracted and leveraged by Microsofts partners. These independently owned and operated Dev Centers have gone through rigorous vetting and reference checking.

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Investment of EPFO Funds in ETFs was Rs 14,984 crore in FY17
Jul 26,2017

The investment limit in ETFs has been recommended to be raised from 10 per cent to 15 per cent by the Central Board of Trustees, Employees Provident Fund in its 218th meeting held on 27 May 2017. Accordingly, the estimated investment in ETF for the current Financial Year is approximately Rs. 22,500 crore. 

The details of investment in Exchange Traded Funds (ETFs) during 2015-16 & 2016-17 are as under: 

2015-16 (Fig. in Rs. Crore)

SBI Nifty 50 ETF

4,922

SBI Sensex ETF

1,655

Total

6,577

 2016-17(Fig in Rs. Crore)

SBI Nifty 50 ETF

7,912

SBI Sensex ETF

2,691

UTI Nifty 50 ETF

1,911

UTI Sensex ETF

662

CPSE ETF

1,808

Total

14,984

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Katwa Udyog renamed as Shri Keshav Cements & Infra
Jul 26,2017

Katwa Udyog has been renamed as Shri Keshav Cements & Infra with effect from 01 August 2017.

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Board of Swarnsarita Gems accepts resignation of director
Jul 26,2017

The Board of Swarnsarita Gems at its meeting held on 26 July 2017 has taken on record the resignation tendered by Sunil Ghewarlal Jain, the Whole Time Director of the Company from the Directorship of the Company w.e.f. 26 July, 2017 after the closure of business working hours.

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L&T Finance Holdings allots 4,97,125 equity shares
Jul 26,2017

L&T Finance Holdings announced that the Board of Directors of the Company at its meeting held on 26 July 2017 has approved the appointment of 4,97,125 (Four Lakhs Ninety Seven Thousand and One Hundred Twenty Five) equity shares to those option grantees who had exercised their options under various schemes.

The said shares will rank pari-passu with the existing equity shares of the Company in all respects.

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Sintex Industries gets assigned ratings for credit facilities
Jul 26,2017

Sintex Industries has been assigned the following ratings by CARE Ratings -

Long term bank facilities - CARE A; Stable
Non fund based long/ short term bank facilities - CARE A; Stable/ CARE A1
Non convertible debentures - CARE A; Stable
Short term debt/ commercial paper (carved out) - CARE A1
Short term debt/ commercial paper (standalone) - CARE A2+

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Viji Finance revises record date for bonus issue
Jul 26,2017

Viji Finance has rescheduled the record date for issue of bonus share on 07 August 2017 instead of 08 August 2017.

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SSPDL to co-develop premium residential apartment project
Jul 26,2017

SSPDL has signed a Joint Development Agreement for the development of premium residential apartments in Prithvi Avenue, Chennai. The total area of the development is about 14,500 sq. ft with 25% being SSPDL share. The approximate sale value of the apartments is Rs 32 crore and SSPDLs share is Rs 8 crore. The project is expected to be completed in about 18 months from date of necessary approvals.

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Tata Motors to raise Rs 1000 crore via private placement of NCDs
Jul 26,2017

Tata Motors announced that the Board constituted Committee at its meeting held on 26 July 2017 has approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non convertible debentures of face value of Rs 10 each at par, aggregating up to Rs 1000 crore comprising of two tranches of debentures of Rs 500 each.

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Board of Bluechip Tex Industries take note of cessation of director
Jul 26,2017

Bluechip Tex Industries announced that the Board of Directors of the Company at its meeting held on 26 July 2017 took note of the completion of tenure of Manmohan Kishanlal Anand (DIN : 0034328) as Independent Director of the Company with effect from ensuing Annual General Meeting scheduled to be held on 29 August 2017.

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Nitco to table results
Jul 26,2017

Nitco will hold a meeting of the Board of Directors of the Company on 11 August 2017 for the quarter ended June, 2017

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Manappuram Finance to table results
Jul 26,2017

Manappuram Finance will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider the Un Audited Financial Results of the company for the Quarter ended 30.06.2017.

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Goodricke Group to declare Quarterly Result
Jul 26,2017

Goodricke Group will hold a meeting of the Board of Directors of the Company on 7 August 2017, to consider the unaudited financial results of the Company for the quarter ended 30th June, 2017

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PPAP Automotive to convene board meeting
Jul 26,2017

PPAP Automotive will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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