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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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Arvind allots 1,58,000 equity shares
Apr 19,2017

Arvind has allotted 1,58,000 equity shares of Rs.10 each under Employees Stock Option Scheme 2008(ESOS 2008) to the employees on 18 April 2017 pursuant to exercise of stock options granted to them

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Polaris Consulting & Services allots 20,000 equity shares
Apr 19,2017

Polaris Consulting & Services allots 20,000 equity shares under ASOP on 19 April 2017.

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Jubilant FoodWorks allots 1000 equity shares
Apr 19,2017

Jubilant FoodWorks has allotted 1,000 equity shares of face value of Rs.10/- each under the ESOP Scheme of the Company on 19 April 2017.

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Manappuram Finance allots 50,000 equity shares
Apr 19,2017

Manappuram Finance has allotted 50,000 equity shares having face value of Rs.2/- each under the revised ESOS Scheme 2009 on 17 April 2017.

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Bharti Airtel partners with Amazon for superior online content
Apr 19,2017

Bharti Airtel announced a partnership with Amazon for Amazons Fire TV Stick with Voice Remote, which was launched in India on 19 April 2017. Customers purchasing Amazon Fire TV will get free 100 GB high speed data via Airtel Broadband/Airtel 4G Home Wi-Fi to enable them to enjoy online content on their TV. In addition, Airtel Movies, the OTT app from Airtel, will offer Airtel mobile and broadband customers accessto an exciting collection of thousands of popular Bollywood movies & premium TV shows across a host of genres.

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Kreon Finnancial Services invests in Kreon Infotech
Apr 19,2017

Kreon Finnancial Services has made 100% investment in Equity shares of Kreon Infotech. The Investee Company is involved into Software Application relating to Financial Business and shall add up to the extended growth model of the Companys present activities. Kreon Infotech shall be a 100% Wholly Owned Subsidiary of Kreon Finnancial Services with effect from 19 April 2017.

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3i Infotech allots 1,34,68,574 equity shares to SREI Equipment Finance
Apr 19,2017

3i Infotech has allotted 1,34,68,574 (One Crore Thirty Four Lakh Sixty Eight Thousand Five Hundred Seventy Four) equity shares of Rs. 10/- each on a preferential basis to SREI Equipment Finance on 19 April 2017 upon their accession to the Supplemental MRA on 02 March 2017.

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JK Paper gets ratings assigned for bank facilities and debt instruments
Apr 19,2017

JK Paper announced that CRISIL has assigned its ratings on the bank facilities and debt instruments of the Company at CRISIL A/Stable/CRISIL A1.

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Gujarat State Fertilizers & Chemicals executes non binding agreement with Govt. of Congo
Apr 19,2017

Gujarat State Fertilizers & Chemicals has executed an in principle agreement (in the form of Non-binding term sheet) with Govt of Republic of Congo (ROC) in New Delhi on 17 April 2017 to evaluate the possibility of establishing a Ammonia - Urea Complex at ROC to enhance the agriculture growth in ROC. It is expected that this project will act as a catalyst for ROC by reducing dependency on imported food for feeding the public of ROC. This project will also enhance the bilateral relationship between the two countries.

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Outcome of board meeting of Network 18 Media & Investments
Apr 19,2017

Network 18 Media & Investments announced that the Board of Directors of the company at its meeting held on 19 April 2017 has given in-principle approval to sell/ transfer/ otherwise dispose off or transfer BURRP to any other entity including a related party/ getting a strategic investor.

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Board of Galore Prints Industries approves change in registered office
Apr 19,2017

Galore Prints Industries announced that the Board of Directors of the Company at its meeting held on 18 April 2017 has decided to change the registered office to H-54, Naveen Shahdara, Delhi- 110032 with effect from 18 April 2017.

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Board of NTPC approves upsizing of MTN programme upto USD 6 billion
Apr 19,2017

The Board of Directors of NTPC in its Meeting held on 19 April 2017, has accorded approval for updating and upsizing the USD 4 billion MTN programme upto USD 6 billion for raising debt from international markets to part finance the capital expenditure on new / ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses subject to compliance of the provisions of the Companies Act, 2013, the ECB guidelines of the RBI.

The Board of Directors, in the aforesaid Meeting, has approved the proposal to issue Notes up to Rs 5000 crore (Rupee denominated bonds) and/or upto USD 750 million equivalent (foreign currency bonds other than INR denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new / ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI.

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Zenith Exports gets ratings affirmation for short term bank limits
Apr 19,2017

Zenith Exports announced that ICRA has retained existing rating of ICRA A4 for short term bank limits.

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JMT Auto director resigns
Apr 19,2017

JMT Auto announced the resignation of Ashok Mittal as Independent Director from the Board with immediate effect.

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Tamil Nadu Newsprint & Papers director resigns
Apr 19,2017

Tamil Nadu Newsprint & Papers announced that N Kumaravelu, Independent Director has resigned from the Company with immediate effect.

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