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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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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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Shri Piyush Goyal Launches Energy Conservation Building Code 2017
Jun 19,2017

Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines launched the Energy Conservation Building Code 2017 (ECBC 2017). Developed by Ministry of Power and Bureau of Energy Efficiency (BEE), ECBC 2017 prescribes the energy performance standards for new commercial buildings to be constructed across India.

The updated version of ECBC provides current as well as futuristic advancements in building technology to further reduce building energy consumption and promote low-carbon growth. ECBC 2017 sets parameters for builders, designers and architects to integrate renewable energy sources in building design with the inclusion of passive design strategies. The code aims to optimise energy savings with the comfort levels for occupants, and prefers life-cycle cost effectiveness to achieve energy neutrality in commercial buildings.

In his address , Shri Goyal, said, I would like to dedicate today ECBC Code 2017 to all the young children of India n++to the future of India for whose sake , it is incumbent on all of us to efficiently utilize every bit of resource , ensure implement such progressive and forward looking programmes of Government very diligently and ensure that we will leave behind for next generation a better world then what we inherited .n++

Shri Pradeep Kumar Pujari, Secretary, Power, stated that ECBC 2017 will give clear direction and have criteria for new buildings to be Super ECBC: n++The new code reflects current and futuristic advancements in building technology, market changes, and energy demand scenario of the country, setting the benchmark for Indian buildings to be amongst some of the most efficient globally.n++

In order for a building to be considered ECBC-compliant, it would need to demonstrate minimum energy savings of 25%. Additional improvements in energy efficiency performance would enable the new buildings to achieve higher grades like ECBC Plus or Super ECBC status leading to further energy savings of 35% and 50%, respectively.

With the adoption of ECBC 2017 for new commercial building construction throughout the country, it is estimated to achieve a 50% reduction in energy use by 2030. This will translate to energy savings of about 300 Billion Units by 2030 and peak demand reduction of over 15 GW in a year. This will be equivalent to expenditure savings of Rs 35,000 crore and 250 million tonnes of CO2 reduction.

ECBC 2017 was developed by BEE with technical support from United States Agency for International Development (USAID) under the U.S.-India bilateral Partnership to Advance Clean Energy - Deployment Technical Assistance (PACE-D TA) Program.

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Bindal Exports announces resignation of company secretary
Jun 19,2017

Bindal Exports announced the resignation of Nikhil Mistry from the position of Company Secretary and Compliance officer from the Closure of working hours of 19 June 2017.

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Ramco Systems wins Highly Recommended Payroll Software Supplier of the Year 2017 Award
Jun 19,2017

Ramco Systems won the Highly Recommended Payroll Software Supplier of the Year 2017 Award at the Global Payroll Associations Payroll Awards. Ramco was awarded for providing innovative, fully integrated Payrollsolutions to clients.

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Adani Power get revision in credit ratings
Jun 19,2017

Adani Power has received revision in credit ratings from CARE as under -

Long term bank facilities - CARE BB- (Revised from CARE BBB-)

Long term / short term facilities - CARE BB-/ CARE A4 (Revised from CARE BBB-/ CARE A3)

Long term bank facilities (Rupee term loan - Phase IV) - CARE BB-(SO) (Revised from CARE BBB+ (SO))

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Tata Elxsi enters into technology partnership with Airtel
Jun 19,2017

Tata Elxsi announced its association with Airtel as technology partner for system integration for Airtels Internet TV. Tata Elxsi developed and integrated key software components to ensure that the Android TVapplication suite provides a seamless user experience whether the viewer accesses online or offline content. This includes the OTA (Over the Air) upgrade module, a smart UI, customized Android TV launcher and software optimizations to future-proof the service.

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Edelweiss Financial Services gets ratings assigned for CP Programme
Jun 19,2017

Edelweiss Financial Services announced that ICRA has assigned the rating of [ICRA]A1+ (ICRA A one plus) to the proposed CP Programme (for IPO financing) of Rs. 9,000 crore of the Company.

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