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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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ICICI Bank, ITC, Maruti Suzuki in focus ahead of quarterly results
Jul 27,2017

HCL Technologies, ICICI Bank, Idea Cellular, ITC, Maruti Suzuki and ONGC are among the companies that will be announcing their June quarter earnings today, 27 July 2017.

State Bank of India (SBI) announced that its board approved extension of validity period to raise the remaining Additional Tier I capital to the tune of Rs 2000 crore till 31 March 2018 and accordingly authorized bank to raise upto Rs 2000 crore Additional Tier I capital, by way of issue of Basel III compliant perpetual debt instruments in USD and/or INR, at par, through private placement to overseas and/or Indian investors, in such number of tranches, at such times as may be considered appropriate and on such coupons as may be decided at the time of actual issuance. The announcement was made after market hours yesterday, 26 July 2017.

The board had earlier authorized SBI to raise Additional Tier I capital upto Rs 11100 crore till 31 March 2017. The bank has raised Additional Tier I capital in domestic and overseas market to the tune of Rs 9100 crore during the financial year 2016-2017.

Tata Motors announced that a committee of board approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) E27-I series of face value Rs 10 lakh each, at par, aggregating up to Rs 1000 crore, comprising of two tranches of debentures of Rs 500 crore each. The announcement was made after market hours yesterday, 26 July 2017.

Nestle Indias net profit rose 9.66% to Rs 263.43 crore on 6.91% rise in total income to Rs 2443.44 crore in Q2 June 2017 over Q2 June 2016. The announcement was made after market hours yesterday, 26 July 2017.

Siyaram Silk Mills net profit rose 26.07% to Rs 10.35 crore on 12.66% rise in total income to Rs 324.82 crore in Q1 June 2017 over Q1 June 2016. The companys board has approved a 2-for-1 stock split of equity shares. The announcement was made after market hours yesterday, 26 July 2017.

Karnataka Bank announced after market hours yesterday, 26 July 2017, that it opened its 770th branch at Bengaluru- K R Puram (Krishnarajapuram) on 26 July 2017.

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Board of HCL Infosystems approves allotment of 80,000 shares under ESOP
Jul 26,2017

The Board of HCL Infosystems has approved the allotment of 80,000 equity shares of Rs 2 each under ESOP.

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Tata Teleservices (Maharashtra) plans to raise upto Rs 1300 cr
Jul 26,2017

Tata Teleservices (Maharashtra) proposes to funds upto an aggregate amount of Rs. 1,300 crore. The Board will consider the proposal and type of issue on 31 July 2017.

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Megasoft wins contract from Mexico-based MVNO, Cierto
Jul 26,2017

Megasoft has been awarded a contract from Mexico-based MVNO, Cierto for its cloud-enabled XIUS Mobile Services Platform (MSP).

XIUS MSP will enable Cierto to deliver a broad spectrum of innovative and attractive services, offer the best user experience and provide incremental value to its subscribers. Cierto currently has ~15k subscribers but the global MVNO experience that XIUS possesses will position them well to acquire new customers and grow as per plan. The MVNO also has a widespread distribution network with presenceacross 20,000 points of sale of major top-up chains in Mexico.

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Hexaware Technologies launches new Professional Service unit
Jul 26,2017

Hexaware Technologies announced the launch of its new Professional Services unit and the appointment of Arun Ramchandran as Executive Vice President and Head of the Professional Service vertical.

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Aditya Vision opens new store in Bihar
Jul 26,2017

Aditya Vision has opened its 24th Showroom at Magardahi Road, Samastipur- 848101, Bihar.

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ICICI Bank allots 242,964 equity shares
Jul 26,2017

ICICI Bank has allotted 242,964 equity shares under ESOS on 24 July 2017.

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Himatsingka Seide appoints CFO
Jul 26,2017

Himatsingka Seide announced that the Board of Directors of the Company at its meeting held on 26 July 2017 has appointed K P Rangaraj as President Finance and Group Chief Financial Officer with effect from 02 August 2017.

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Syndicate Bank raises Rs 450 crore in Additional Tier I
Jul 26,2017

Syndicate Bank has issued Bonds in the form of unsecured, non convertible (Basel III compliant), perpetual debt instrument in the nature of debentures for inclusion in Additional Tier I aggregating Rs 450 crore.

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Intellect Design Arena receives LoA from Government e-Marketplace
Jul 26,2017

Intellect Design Arena announced that the Company along with the consortium member has received Letter of Award dated 25 July 2017 from Government e-Marketplace for providing Managed Services for Design, Development, Implementation, Operations and Maintenance of Government e-Marketplace.

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Capital First gets credit ratings assigned for ST debt
Jul 26,2017

Capital First has assigned Credit Rating [ICRA]A1+ (pronounced as ICRA A one plus) to the Companys Commercial Paper/Short Term Debt Programme of Rs. 500 Crore.

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Rashtriya Chemicals & Fertilizers issues Commercial Paper aggregating Rs 70 cr
Jul 26,2017

Rashtriya Chemicals & Fertilizers has issued Commercial Paper for Rs.70 Crore on 21 July 2017, in favour of State Bank of India, having maturity date as 17 October, 2017.

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Infibeam Incorporation receives LoA from Government e-Marketplace
Jul 26,2017

Infibeam Incorporation announced that it has received a letter of award dated 25 July 2017 for Managed Services Provider for Design, Development, Implementation, Operation & Maintenance of Government e-Marketplace portal.

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Dewan Housing Finance Corporation allots NCDs aggregating Rs 125 crore
Jul 26,2017

Dewan Housing Finance Corporation announced that the Members of the Finance Committee of the Board of Directors have at their meeting held on 26 July 2017 has allotted 1,250 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs), aggregating to Rs. 125 crore.

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Hinduja Global Solutions wins Gold award for Best Outsourcing Partnership
Jul 26,2017

Hinduja Global Solutions has received Gold award for Best Outsourcing Partnership for the third consecutive year at the 2017 Contact Center World Americas Awards.

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