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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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Tata Elxsi jumps on buzz of testing driverless car
Jan 18,2017

Meanwhile, the BSE Sensex was up 80.86 points, or 0.30%, to 27,316.52.

On the BSE, so far 3.23 lakh shares were traded in the counter, compared with average daily volumes of 83,294 shares in the past one quarter. The stock had hit a high of Rs 1,521.35 and a low of Rs 1,443.10 so far during the day.

The stock hit a record high of Rs 2,396 on 2 February 2016. The stock hit a 52-week low of Rs 1,021.65 on 21 November 2016. The stock had underperformed the market over the past 30 days till 17 January 2017, rising 0.64% compared with the 3.26% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 5.15% as against Sensexs 2.68% decline.

The mid-cap company has equity capital of Rs 31.14 crore. Face value per share is Rs 10.

According to a media report, Tata Elxsi is looking to test an autonomous, or driverless, car out on the roads of Bengaluru. This would be a first in the country. Currently, all major automobile manufacturers as well as technology firms of the Silicon Valley, such as Google, Apple, Uber and Tesla, are building and testing autonomous vehicles. Cars that will drive themselves could be common on the streets by 2025, the report said.

Tata Elxsi works with carmakers and their specialised component suppliers. It is leveraging its knowledge in computer science and artificial Intelligence to grab a share of the soon to be multi-billion dollar global industry. It has already begun simulating and testing autonomous cars at a facility on the outskirts of Bengaluru, the report added.

Net profit of Tata Elxsi rose 13.1% to Rs 43.08 crore on 15% rise in net sales to Rs 303.29 crore in Q2 September 2016 over Q2 September 2015.

Tata Elxsi is amongst the worlds leading providers of design and technology services for product engineering and solutions across industries including broadcast, communications and automotive.

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Gartner Says That 20 Percent of Organizations Will Use Smartphones in Place of Traditional Physical Access Cards By 2020
Jan 18,2017

In 2016, less than 5 percent of organizations used smartphones to enable access to offices and other premises. By 2020, Gartner, Inc. said that 20 percent of organizations will use smartphones in place of traditional physical access cards.

A significant fraction of organizations use legacy physical access technologies that are proprietary, closed systems and have limited ability to integrate with IT infrastructure, said David Anthony Mahdi, research director at Gartner. Today, the increasing availability of mobile and cloud technologies from many physical access control system (PACS*) vendors will have major impacts on how these systems can be implemented and managed.

PACS technology is widely deployed across multiple vertical industries and geographies to secure access to a wide range of facilities (buildings, individual offices, data centers, plant rooms, warehouses and so on), ensuring that only entitled people (employees, contractors, visitors, maintenance staff) get access to specific locations.

Mobile technology is already widely used for logical access control. Phone-as-a-token authentication methods continue to be the preferred choice in the majority of new and refreshed token deployments as an alternative to traditional one-time password (OTP) hardware tokens. Gartner projects that the same kinds of cost and user experience (UX) benefits will drive increasing use of smartphones in place of discrete physical access cards. Smartphones using technologies and protocols such as Bluetooth, Bluetooth LE, and Near Field Communication can work with a number of readers and PACS technology.

One of the easiest ways to use a smartphones access credentials is to integrate them n++ via a data channel over the air or via Wi-Fi n++ into the access control system (ACS) and unlock the door remotely (just as an ACS administrator can). This approach requires no change to reader hardware.

Using smartphones can also simplify the integration of biometric technologies. Rather than having to add biometric capture devices in or alongside readers, the phone itself can easily be used as a capture device for face or voice (or both), with comparison and matching done locally on the phone or centrally, said Mr. Mahdi. This approach also mitigates the risks from an attacker who gains possession of a persons phone.

The technologys limitations remain a challenge. For example, theres significant disparity in functionality between smartphones, and some security and risk management leaders should be aware that their physical card readers and PACS might require a significant upgrade to use smartphones for physical access. Nevertheless, replacing traditional physical access cards with smartphones enables widely sought-after cost reductions and UX benefits, said Mr. Mahdi. We recommend that security and risk managers work closely with physical security teams to carefully evaluate the UX and total cost of ownership benefits of using access credentials on smartphones to replace existing physical cards.

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Board of Motherson Sumi Systems to consider Q3 results
Jan 18,2017

Motherson Sumi Systems announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 (Q3).

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Board of Lotus Chocolate Company to consider change in CFO and change in company secretary
Jan 18,2017

Lotus Chocolate Company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, inter alia, to consider the following:

1. To accept the Resignation of Ganeswara Rao Kommula as Chief Financial Officer (CFO) of the Company with effect from 31 December 2016.

2. To accept the Resignation of U.V. Kini as Company Secretary and Compliance Officer of the Company with effect from 31 December 2016.

3. To Appoint Ravikumar Pasapula as Chief Financial Officer of the Company with effect from 02 January 2017.

4. To appoint Babita Chandrakar as Company Secretary and Compliance Officer of the Company with effect from 02 January 2017.

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Market Creators to announce Q3 results
Jan 18,2017

Market Creators announced that the meeting of Board of Directors of the Company is scheduled on 06 February 2017 to take on record unaudited financial results for the Third Quarter ended on 31 December 2016.

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Kaya allots 10866 equity shares
Jan 18,2017

Kaya announced that 10866 equity shares of face value of Rs. 10/- each have been issued and allotted under the Kaya Limited Employees Stock Option Scheme 2014 (Scheme) by the authorized Nomination and Remuneration Committee of the Board of Directors through a Circular Resolution passed on 17 January 2017.

Consequently, the issued, subscribed and paid up capital of the Company stands increased to 13008437 equity shares of face value of Rs. 10 each.

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Board of Thirdwave Financial Intermediaries to consider December quarter results
Jan 18,2017

Thirdwave Financial Intermediaries announced that a meeting of Board of Directors of the Company shall be held on 30 January 2017, to consider the following;

- Take on record the unaudited results for the quarter ended on 31 December 2016.

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Samkrg Pistons & Rings Board to consider December quarter results
Jan 18,2017

Samkrg Pistons & Rings announced that a Meeting of the Board of Directors of the Company will be held on 30 January 2017, to consider and take on record the Un-audited Financial Results of the Company for the Quarter ended 31 December 2016.

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Alkyl Amines Chemicals to consider Q3 and 9M results
Jan 18,2017

Alkyl Amines Chemicals announced that a meeting of the Board of Directors of the Company will be held on 01 February 2017, inter alia, to consider & approval of Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

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Panacea Biotec jumps on report USFDA approves migraine drug
Jan 18,2017

Meanwhile, the BSE Sensex was up 136.42 points, or 0.50%, to 27,372.08.

On the BSE, so far 1.09 lakh shares were traded in the counter, compared with average daily volumes of 15,624 shares in the past one quarter. The stock had hit a high of Rs 143.60 and a low of Rs 134.20 so far during the day.

The stock hit a 52-week high of Rs 155 on 25 July 2016. The stock hit a 52-week low of Rs 83.90 on 12 February 2016. The stock had outperformed the market over the past 30 days till 17 January 2017, rising 4.17% compared with the 3.26% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.93% as against Sensexs 2.68% decline.

The small-cap company has equity capital of Rs 6.13 crore. Face value per share is Re 1.

According to reports, Panacea Biotec received the US Food and Drug Administrations (USFDA) approval for Rizatripan Bonzoate tablet, which is used in treating symptoms due to migraine.

Panacea Biotec reported net loss of Rs 11.84 crore in Q2 September 2016, lower than net loss of Rs 17 crore in Q2 September 2015. Net sales declined 18.3% to Rs 131.56 crore in Q2 September 2016 over Q2 September 2015.

Panacea Biotec is one of Indias leading research based biotechnology companies with established research, manufacturing and marketing capabilities.

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Swan Energy receives Expression of Interest from Tata Realty & Infrastructure
Jan 18,2017

Swan Energy has received an Expression of Interest (EOI) from Tata Realty and Infrastructure, showing its willingness to invest upto 10% of the Equity in the subsidiary of the Company, namely Swan LNG.

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Rama Steel Tubes gains as board to consider raising funds
Jan 18,2017

The announcement was made after market hours yesterday, 17 January 2017.

Meanwhile, the S&P BSE Sensex was up 136.05 points or 0.5% at 27,371.71.

On the BSE, 5,784 shares were traded on the counter so far as against the average daily volumes of 11,208 shares in the past one quarter. The stock had hit a high of Rs 113.75 and a low of Rs 111.95 so far during the day.

The stock had hit a record high of Rs 148 on 26 October 2016 and a 52-week low of Rs 82.23 on 8 March 2016. The stock had underperformed the market over the past one month till 17 January 2017, declining 3.78% compared with the Sensexs 2.82% rise. The scrip had also underperformed the market over the past one quarter declining 16.82% as against the Sensexs 1.07% fall.

The small-cap company has equity capital of Rs 7.47 crore. Face value per share is Rs 5.

Rama Steel Tubes fund raising proposal is subject to its shareholders approval.

Rama Steel Tubes consolidated net profit rose 62.7% to Rs 2.62 crore on 4.5% fall in net sales to Rs 58.82 crore in Q2 September 2016 over Q2 September 2015.

Rama Steel Tubes deals in manufacturing, supplying and exporting of steel pipes, steel tubes and fittings.

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Tribhovandas Bhimji Zaveri to announce Q3 and 9M results
Jan 18,2017

Tribhovandas Bhimji Zaveri announced that the meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to consider and approve the unaudited standalone financial results of the Company for the quarter and nine months ended 31 December 2016.

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TCI Industries to consider December quarter results
Jan 18,2017

TCI Industries announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, inter alia, to consider the Unaudited Financial Results of the Company for the third quarter and nine months ended on 31 December 2016.

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Coffee Day Enterprises to consider Q3 and 9M results
Jan 18,2017

Coffee Day Enterprises announced that a meeting of Board of Directors of our Company is scheduled to be held on 08 February 2017 inter alia to consider the Standalone & Consolidated unaudited financial results of the Company for the quarter/ Nine months ended 31 December 2016 and the Consolidated results of its subsidiary, Coffee Day Global.

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