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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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Tech Mahindra gains after posting strong Q3 results
Jan 31,2017

The result was announced at the fag end of the trading session yesterday, 30 January 2017. The stock had risen 0.27% to Rs 466.75 ahead of the results yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 103.67 points or 0.37% at 27,745.89.

On the BSE, 48,738 shares were traded in the counter so far as against average daily volume of 2.39 lakh shares in the past one quarter. The stock had hit a high of Rs 485 and a low of Rs 465.80 so far during the day.

Tech Mahindras consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016. Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

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Navneet Education incorporates subsidiary - Navneet (HK)
Jan 31,2017

Navneet Education has incorporated Navneet (HK) and holds 70% of its paid up equity share capital. Accordingly, Navneet (HK) has become subsidiary of the Company w.e.f. 24 January 2017.

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State Bank of Travancore announces appointment of director
Jan 31,2017

State Bank of Travancore announced that Dr. J. Sadakkadulla, Former Regional Director of Reserve Bank of India has been nominated as the Director on the Board of Directors of the Bank by Government of India under Section 25 (1) (b) of the State Bank of India (Subsidiary Banks) Act, 1959 with immediate effect and until further orders as per the Government of India notification dated 30 January 2017.

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Axis Bank allots 76,950 equity shares
Jan 31,2017

Axis Bank has allotted 76,950 equity shares of Rs. 21- each on 30 January 2017, pursuant to exercise of options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 478,31,12,446 (239,15,56,223 equity shares of Rs. 2/- each) to Rs. 478,32,66,346 (239,16,33,173 equity shares of Rs. 2/- each).

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Shree Rama Newsprint allots 1,91,100 equity shares
Jan 31,2017

Shree Rama Newsprint announced that Securities Allotment Committee Meeting of the Board of Directors of the Company in its meeting held on 30 January 2017, has allotted 1,91,100 equity shares of Rs.10/- each to ICICI Bank subject to locking for a period of one year from trading approval on conversion of 1,91,100 Optionally Convertible Debentures (OCD) of Rs.10/- each to ICICI Bank.

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Pfizer appoints director
Jan 31,2017

Pfizer announced the Board of Directors of the Company at its held Meeting on 30 January 2017, has appointed Ravi Prakash Bhagavathula as an Additional Director of the Company, designated as an Executive Director, Finance with effect from 30 January 2017 for a period of 5 years. The appointment of Ravi Prakash will be subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company.

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MPS Infotecnics executes agreement with Easy Policy
Jan 31,2017

MPS Infotecnics has executed agreement with Easy policy on 30 January 2017. Easy policy is an insurance web aggregators licensed as such by IRDA. This agreement will enable insurance market place at UVApoint.

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IndusInd Bank allots 19,745 equity shares
Jan 31,2017

IndusInd Bank has allotted 19,745 (Nineteen Thousand Seven Hundred Forty Five) equity shares of Rs. 10/- (Rupees Ten Only) each on 30 January 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

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

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Dilip Buildcon intimates of recall of road project by Ministry of Road Transport & Highways
Jan 31,2017

Dilip Buildcon announced that the Ministry of Road Transport & Highways, Government of India has recalled the project Rehabilitation and up-gradation of Machilipatnam to Avanigadda section from Km 84/550 to Km 124/200 of NH-214A (New NH-216) to two lane with paved shoulder in the state of Andhra Pradesh under NHDP -IV through an Engineering, Procurement and Construction (the EPC) basis where the Company had been declared as the successful bidder (L-1) for the project.

The Ministry of Road Transport & Highways, Government of India has recalled the project because L-1 Bid price is higher than the departmental estimate i.e. 222.90 crore.

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Pioneer Distilleries commences operations at MENA plant in Balapur
Jan 31,2017

Pioneer Distilleries announced that it has recommenced the operations of the 100 Kilo Liters Per Day (KLPD) Molasses Based Extra Neutral Alcohol (MENA) plant at the factory located at Balapur (V), Dharmabad (Taluk), Nanded District, Maharashtra with effect from 30 January 2017.

The company had temporarily stopped manufacturing activities of the said MENA plant account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

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V-Mart Retail appoints company secretary & compliance officer
Jan 31,2017

V-Mart Retail announced Megha Tandon has been appointed as Company Secretary & Compliance Officer w.e.f. 30 January 2017.

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Alankit fixes record date for interim dividend
Jan 31,2017

Alankit has fixed 09 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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SRF fixes record date for 2nd interim dividend
Jan 31,2017

SRF has fixed 20 February 2017, as the Record Date for the purpose of Payment of Second Interim Dividend.

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Motilal Oswal Financial Services to pay interim dividend for FY 2017
Jan 31,2017

Motilal Oswal Financial Services announced that interim dividend of Rs 2.50 per share for FY 2017 would be paid to all the equity shareholders of the Company on or before 23 February 2017.

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Board of Motilal Oswal Financial Services declares interim dividend for FY 2017
Jan 31,2017

Motilal Oswal Financial Services announced that the Board of Directors of the Company at its Meeting held on 30 January 2017, inter alia,, considered and approved the following matters:-

- declaration of Interim Dividend, for the financial year ending 31 March 2017 at the rate of Rs. 2.50 per share on the face value of Re. 1 each, out of the profits of the Company.

The said Interim Dividend would be paid to all the equity shareholders of the Company on or before 23 February 2017.

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