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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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Bank of Baroda announces change in CFO
Feb 10,2017

Bank of Baroda has appointed Sanjay Kumar as CFO vice Ashok Dangaich with effect from 10 February 2017.

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Victoria Mills announces resignation of director
Feb 10,2017

Victoria Mills announced that Dady K Contractor, the independent Director of the Company has resigned from the Directorship of the Company with immediate effect vide its letter dated 10 February 2017 due to age and health problems.

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Board of The Hi-Tech Gears declares interim dividend
Feb 10,2017

The Hi-Tech Gears announced that the Board of Directors of the Company at its meeting held on 10 February 2017, inter alia, have declared an Interim Dividend on equity shares @ 12.5% i.e. Rs. 1.25/- per share on the paid up share capital of the Company for the year 2016-17.

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Dhampur Sugar Mills to pay interim dividend
Feb 10,2017

Dhampur Sugar Mills announced that interim dividend on equity shares will be paid on or from 22 February 2017.

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Board of Dhampur Sugar Mills declares interim dividend
Feb 10,2017

Dhampur Sugar Mills announced that the Board of Directors of the Company at its meeting held on 10 February 2017, inter alia, has transacted the following;

1. Declared Cumulative Dividend on 8% 1801817 Cumulative Redeemable Preference Shares of Rs. 100 each.

2. Declared an Interim Dividend of 25% i.e Rs. 2.50 per Equity Share of Rs. 10 each of the Company for the Financial Year 2016-17 and the same shall be paid to those Equity Shareholders of the Company.

The said Interim Dividend will be paid to the Equity Shareholders of the Company on or from 22 February 2017.

3. The Board has given In- principal approval for transfer of Rural Distribution Business of Consumer Products to its wholly owned subsidiary EHAAT. The Board has directed Reconstitution Committee of Board of Directors to submit a detailed scheme for its final approval.

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The Hi-Tech Gears fixes record date for interim dividend
Feb 10,2017

The Hi-Tech Gears has fixed 24 February 2017, as the Record Date for the purpose of Payment of Interim Divided.

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SRF to pay interim dividend
Feb 10,2017

SRF announced that interim dividend will be paid on 28 February 2017.

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Board of SRF declares interim dividend
Feb 10,2017

SRF announced that the Board of Directors at its meeting held on 10 February 2017 has declared interim dividend @ 60% i.e. Rs. 6 per share on the paid-up equity share capital of the Company.

The date of payment of interim dividend will be 28 February 2017.

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Water Level of 91 Major Reservoirs of the country goes down by one per cent
Feb 10,2017

The Water storage available in 91 major reservoirs of the country for the week ending on February 9, 2017 was 74.977 BCM, which is 48% of total storage capacity of these reservoirs. This was 48% of the week ending 02 February 2017, 127% of the storage of corresponding period of last year and 102% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are 6 reservoirs under CWC monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 6.41 BCM which is 36% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 39% and average storage of last ten years during corresponding period was 41% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 13.05 BCM which is 69% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 51% and average storage of last ten years during corresponding period was 56% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 16.63 BCM which is 61% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 34% and average storage of last ten years during corresponding period was 56% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 25.64 BCM which is 61% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 48% and average storage of last ten years during corresponding period was 42% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 13.26 BCM which is 26% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 25% and average storage of last ten years during corresponding period was 43% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Punjab, Rajasthan, Jharkhand, Odisha, West Bengal, Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, AP&TG (Two combined projects in both states), Telangana and Karnataka. States having lesser storage than last year for corresponding period are Himachal Pradesh, Tripura, Uttarakhand, Andhra Pradesh, Kerala and Tamil Nadu.

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Sun TV Network declares interim dividend
Feb 10,2017

Sun TV Network announced that the Board of Directors at its meeting held on 10 February 2017, inter alia, has Declared an Interim Dividend of Rs. 5/- per equity share of Rs. 5/- each (i.e. 100%) for the financial year 2016-17.

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Board of Techno Electric & Engineering Company approves buyback of shares upto Rs 60 crore
Feb 10,2017

Techno Electric & Engineering Company announced that the Board of Directors of the Company at their meeting held on 10 February 2017 have, inter-alia, approved a proposal for Buy-back of upto 15,00,000 (Fifteen Lakhs) equity shares (Buy-back) from all the existing shareholders of the Company on a proportionate basis through the Tender Offer method in accordance with the provisions of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 (the Buy-back Regulations as amended) and the Companies Act, 2013 and rules made thereunder at a price of Rs. 400/-(Rupees Four Hundred Only) per equity share, aggregating to an amount of Rs. 60,00,00,000/-(Rupees Sixty Crores Only), excluding any expenses incurred or to be incurred in relation to the Buy-back viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, advisors fees, printing and despatch expenses and other incidental and related expenses. The maximum shares proposed to be bought back represent 1.31% of the total paid up equity shares of the Company and the aggregate consideration for proposed buyback represent 7.71% of the aggregate of the paid up equity share capital and free reserves as per the audited financial statements of the Company for the financial year ended 31 March 2016.

The Board noted the intention of the Promoter of the Company NOT to participate in the proposed Buy-back. The Buy-back offer does not require approval of the shareholders of the Company.

The public announcement setting out the process, timelines and other requisite details that be released in due course in accordance with Buy-back Regulations.

The Board has constituted a Buy-back Committee and delegated its powers to the Committee to do all the acts, deeds and things as it may at its absolute discretion deemed necessary and expedient for proper implementation of the decision of the Board relating to Buy-back.

The Board has appointed N. Brahma, Company Secretary as the Compliance Officer for the purposes of Buy-back.

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Board of Power Grid Corporation of India accords Rs 6675.28 cr worth investment approval for 8 projects
Feb 10,2017

Power Grid Corporation of India announced that the Board of Directors of the company at its meeting held on 09 February 2017 have accorded investment approval aggregating Rs 6675.28 crore for 8 projects.

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Hinduja Ventures standalone net profit rises 4.90% in the December 2016 quarter
Feb 10,2017

Net profit of Hinduja Ventures rose 4.90% to Rs 35.99 crore in the quarter ended December 2016 as against Rs 34.31 crore during the previous quarter ended December 2015. Sales declined 99.57% to Rs 0.75 crore in the quarter ended December 2016 as against Rs 174.93 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.75174.93 -100 OPM %6608.0044.74 - PBDT37.6049.60 -24 PBT37.3049.29 -24 NP35.9934.31 5

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G-Tech Info Training reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 10,2017

Net profit of G-Tech Info Training remain constant at Rs 0.01 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. Sales remain constant at Rs 0.03 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.030.03 0 OPM %33.3333.33 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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BSEL Infrastructure Realty standalone net profit rises 1012.50% in the December 2016 quarter
Feb 10,2017

Net profit of BSEL Infrastructure Realty rose 1012.50% to Rs 1.78 crore in the quarter ended December 2016 as against Rs 0.16 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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