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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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Northlink Fiscal and Capital Serv. to hold EGM
Feb 16,2017

Northlink Fiscal and Capital Serv. announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 March 2017.

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RCL Foods to hold board meeting
Feb 16,2017

RCL Foods will hold a meeting of the Board of Directors of the Company on 21 February 2017, to approve the Unaudited financial results of the Company for the Quarter ended 31 December 2016.

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Hindustan Everest Tools to hold board meeting
Feb 16,2017

Hindustan Everest Tools will hold a meeting of the Board of Directors of the Company on 20 February 2017, to consider and approve unaudited financial results for the quarter ending 31 December 2016.

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TCS gains after buyback proposal
Feb 16,2017

The announcement was made after trading hours yesterday, 15 February 2017.

Meanwhile, the BSE Sensex was up 59.33 points, or 0.21%, to 28,214.89.

On the BSE, so far 17,000 shares were traded in the counter, compared with average daily volumes of 1.01 lakh shares in the past one quarter. The stock had hit a high of Rs 2,477.50 and a low of Rs 2,448.05 so far during the day.

The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 November 2016.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Re 1.

On a consolidated basis, TCS net profit rose 3.20% to Rs 6814 crore on 1.54% increase in net sales to Rs 29735 crore in Q3 December 2016 over Q2 September 2016.

TCS is an IT services, consulting and business solutions organization.

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Sasken Communication Technologies renamed as Sasken Technologies
Feb 16,2017

Sasken Communication Technologies announced that the Registrar of Companies, Bengaluru, Karnataka have issued a fresh Certificate of Incorporation on 14 February 2017 pursuant to change of name to Sasken Technologies. The said change is effective from 14 February 2017.

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Dr. Mahesh Sharma launches pre-loaded Sim Card for Tourists arriving in India on E-visa
Feb 16,2017

Dr. Mahesh Sharma,Minister of State (Independent Charge) for Tourism and Culture, launched the initiative of the Ministry of Tourism, Government of India for providing pre-loaded Sim Card to foreign tourists arriving in India on e-Visa here today. Addressing on the occasion, he said that this unique initiative will facilitate the foreign tourists in communicating with their acquaintances immediately after their arrival in India. Earlier, the Ministry of Tourism had also launched a 24 x 7 Tourist Helpline 1800111363 in Twelve foreign languages so that the foreign tourists can get the required information in their own language. The Minister presented the First Kit containing Sim to a representative of Travel and Tourism sector.

This initiative has been launched in association with Bharat Sanchar Nigam, (BSNL), wherein BSNL would distribute pre-loaded SIM Cards to foreign tourists arriving in India on e-Visa. This facility will be initially available in the Indira Gandhi International Airport (T3 Terminal), New Delhi and later cover remaining 15 international airports, where e-Visa facility is currently available.

To avail pre-loaded Sim Card, BSNL will collect e-Visa copy and the first page of passport from foreign tourists on arrival at the airport. This facility is only available for tourists arriving in India on e-Visa. Sim cards will be pre-loaded with a value of Rs. 50 talk time and 50 MB data and will be activated on immediate basis so as to enable them use this facility instantly. This initiative is also aimed at providing connectivity to foreign touriststo enable them to stay in touch with their near and dear ones and also help them to contact with the 24x7 Multi lingual toll free helpline of Ministry of Tourism for any assistance and guidance during times of distress / medical emergency, etc.

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Canara Bank signs MoU with Ministry of HRD
Feb 16,2017

Canara Bank announced that an MOU has been signed between Canara Bank and the Ministry of HRD at New Delhi on 09 February 2017 towards operationalizing the Higher Education Financing Agency (HEFA).

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State Bank of India intimates of Cabinet approval for proposed merger with 5 associate banks
Feb 16,2017

State Bank of India announced that the Finance Minister of India, in a press briefing earlier on 15 February 2017 has announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with State Bank of India.

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State Bank of India intimates of Cabinet approval for proposed merger of 5 associate banks with SBI
Feb 16,2017

State Bank of India announced that the Finance Minister of India, in a press briefing earlier on 15 February 2017 has announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with State Bank of India.

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Update on Tata Steel UK Pension Scheme
Feb 16,2017

Tata Steel announced that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK has announced with its statement dated 15 February 2017 that its members have voted to support the Companys proposals including the proposal to close the pension scheme in the UK to future accrual.

The formal pension consultation is expected to conclude in the coming days and Tata Steel UK, will continue to review all of the responses and feedback received during this process and will continue to work with the Steel Committee and all relevant stakeholders.

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TCS will be watched after buyback proposal
Feb 16,2017

TCS said that its board will meet on 20 February 2017 to consider buyback of equity shares. The announcement was made after trading hours yesterday, 15 February 2017.

Tata Steel said that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK announced that its members have voted to support the companys proposals, including the proposal to close the pension scheme in the UK to future accrual. Tata had offered a package in December 2016 to retain its steel business in Britain instead of selling it, and the generous financial commitment in the pension scheme was seen as a major hurdle. Three unionsn++Unite, Community and GMBn++balloted their members on the package offered. As much as 72.1% of the members of Community and 75.6% of members of Unite - the two biggest unions - as well as 74% of the third union GMB, voted in favour of accepting the proposals. The announcement was made after trading hours yesterday, 15 February 2017.

State Bank of India (SBI) said that the Finance Minister of India, in a press briefing earlier on 15 February 2017, announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI. The announcement was made after trading hours yesterday, 15 February 2017.

Nestle Indias net profit fell 8.7% to Rs 167.31 crore on 16.2% increase in net sales to Rs 2261.28 crore in Q4 December 2016 over Q4 December 2015. The companys net profit rose 64.5% to Rs 926.54 crore on 12.8% increase in net sales to Rs 9159.28 crore in the year ended December 2016 over the year ended December 2015. The result was announced after trading hours yesterday, 15 February 2017.

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330 lakh MT of wheat to be procured during Rabi Marketing Season 2017-18
Feb 15,2017

In consultation with the States, it was decided to procure 330.00 lakh MT of wheat during RMS 2017-18, which is considerably more in comparison with the last season actual procurement of 229.61 lakh MT.

The State-wise break-up of the estimate of wheat procurement during RMS 2017-18 is as follows:n++

Sl. No.StateEstimate for Wheat Procurement (lakh MT)

n++

1.Punjab115.002.Haryana75.003.Madhya Pradesh85.004.Uttar Pradesh30.005.Rajasthan17.506.Bihar5.007.Uttarakhand1.508.Gujarat0.509.Other States0.50n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Total330.00

In the Conference, the estimate for procurement of paddy grown in Rabi/ Winter/ Summer crop of Kharif Marketing Season 2016-17 for various States were also done in terms of rice. The estimate is 50 lakh MT with State-wise break-up given below. This estimate is over and above the estimate of 330 lakh MT set for Kharif crop of paddy for KMS 2016-17, for which the procurement operations are going on and the paddy procurement in KMS 2016-17 in terms of rice has already reached to the level of 292.31 lakh MT as reported on 15.02.2017, which is nearly 28 lakh MT higher than the procurement of 264.53lakh MT by the corresponding date in previous year, i.e., KMS 2015-16.n++n++n++n++

n++Estimate for paddy procurement in terms of Rice for winter/ summer Crop in KMS 2016-17:-n++

Sl. No.StateEstimate for Paddy Procurement in terms of Rice (lakh MT)

n++

1.Andhra Pradesh13.002.Telangana15.003.Odisha7.004.Tamil Nadu5.005.Kerala1.006.West Bengal8.007.Assam0.258.Maharashtra0.75n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Total50.00

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Chpl Industries reports standalone nil net profit/loss in the December 2016 quarter
Feb 15,2017

Chpl Industries reported no net profit/loss in the quarter ended December 2016 and 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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Sheshadri Industries reports standalone net loss of Rs 6.11 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Sheshadri Industries reported to Rs 6.11 crore in the quarter ended December 2016 as against net loss of Rs 0.72 crore during the previous quarter ended December 2015. Sales declined 51.65% to Rs 11.89 crore in the quarter ended December 2016 as against Rs 24.59 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales11.8924.59 -52 OPM %-42.05-5.86 - PBDT-5.56-1.66 -235 PBT-6.11-1.95 -213 NP-6.11-0.72 -749

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Kashiram Jain & Co reports standalone net profit of Rs 0.02 crore in the December 2016 quarter
Feb 15,2017

Net profit of Kashiram Jain & Co reported to Rs 0.02 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 96.55% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010.29 -97 OPM %300.000 - PBDT0.030 0 PBT0.030 0 NP0.020 0

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