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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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China Stocks up on repo injection
Jul 20,2017

The Mainland China equity market finished higher for straight third session on Thursday, 20 July 2017, with sentiment supported by Chinese central banks injection of funds into the banking system and expectations of robust first-half corporate earnings. Most sectors gained, led by real estate and consumers stocks, as investors expanded their search for blue-chips still attractively priced. The blue-chip CSI300 index rose 0.5%, to 3,747.88 points, while the Shanghai Composite Index added 0.4% to 3,244.86 points.

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Nikkei gains on BoJ easy monetary policy
Jul 20,2017

The Japan share market finished session higher on Thursday, 20 July 2017, with investor sentiment staying bright after record highs on Wall Street overnight. Meanwhile, gains were further aided by prospects of strong corporate profits and expectations that the Bank of Japan will stick to its loose policy path for some time. Also supporting the mood was data early in the day which showed Japans exports rose for a seventh straight month in June, led by shipments of cars and electronics. The benchmark Nikkei 225 index rose 0.62%, or 123.73 points, to 20,144.59 while the Topix index of all first-section issues gained 0.69%, or 11.14 points, at 1,633.01.

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Australia Market extends gain on Thursday
Jul 20,2017

Australian equity market finished session higher for straight second session on Thursday, 20 July 2017, cheered by a strong rally in bank and energy stocks while record highs on Wall Street further buoyed sentiment. The S&P/ASX 200 rose 29.4 points, or 0.5%, to finish at 5761.5.

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Board of Pratibha Industries appoints company secretary
Jul 20,2017

Pratibha Industries announced that the Board of Directors has appointed Bhavna Shah as Company Secretary and Compliance Officer in their Meeting held on 20 July 2017.

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Outcome of board meeting of Integrated Capital Services
Jul 20,2017

Integrated Capital Services announced that the Board of Directors at its meeting held on 20 July 2017 transacted the following -

1.Approved amended Scheme of merger pursuant to query of BSE regarding clarity on the number of shares to be reduced of Transferee Company (ICSL) upon approval of scheme of Merger of DAPL with the Company.The amended Scheme of merger has also been approved by the Board of DAPL.

2.The Company is incorporating a Wholly Owned Subsidiary Company(WOS), BTG IP Services, which will register itself with IBBI as an Insolvency Professional Entity under Reg 12(1)(b) of IBC,2016. It is proposed that Sanjay Agrawal, CFO, will be appointed as Whole Time Director of BTG IP Services, when incorporated. Accordingly, Sanjay resignation from the office of CFO has been accepted.

3.Appointment of Bhavesh Chadha as CFO, elevating him from the office of General Manager.

4.Appointment of Shivani Arora, a former Company Secretary(CS)& Compliance Officer, as CS & Compliance Officer upon her rejoining employment and acceptance of resignation of Preeti Gupta from the said office.

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Suzlon Energy allots 9,87,12,902 equity shares
Jul 20,2017

Suzlon Energy has allotted 9,87,12,902 equity shares of Rs 2 each on conversion of FCCBs. Post the allotment, the paid up capital of the Company is Rs 1058.15 crore dividend into 529,07,99,122 equity shares of Rs 2 each.

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FPIs step up buying
Jul 20,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 1015.41 crore from the secondary equity markets on 19 July 2017, higher than net inflow of Rs 373.45 crore on 18 July 2017. On that day, the Sensex gained 244.36 points or 0.77% to settle at 31,955.35, its highest closing level since 17 July 2017.

The net inflow of Rs 1015.41crore on 19 July 2017 was a result of gross purchases of Rs 6578.95 crore and gross sales of Rs 5563.54 crore.

There was an inflow of Rs 1.47 crore into the category primary market & others on 19 July 2017.

FPIs have bought stocks worth a net Rs 1696.17 crore from the secondary equity markets in July 2017 so far (till 19 July 2017). They had purchased stocks worth a net Rs 906.13 crore from the secondary equity markets in June 2017.

FPIs have purchased shares worth a net Rs 40251.69 crore from the secondary equity markets in calendar year 2017 so far (till 19 July 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have bought stocks worth a net Rs 1105.45 crore from the category primary market & others in July 2017 so far (till 19 July 2017). They had bought stocks worth a net Rs 2710.69 crore from the category primary market & others in June 2017.

FPIs have purchased shares worth a net Rs 15904.23 crore from the category primary markets & others in calendar year 2017 so far (till 19 July 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Rs. 3653 Crore of Amount Received from Allocation of Coal Blocks
Jul 20,2017

The Coal bearing State Governments have received an amount of Rs. 3653 crores till June 2017 from the allocation of Coal blocks/Mines under the provisions of Coal mines (Special Provisions) Act, 2015. Under the aforesaid Act, provisions of the entire revenue from allocation (auction and allotment) of coal blocks / mines under the accrues to the coal bearing State Government concerned.

The utilization of the revenue generated from the allocation of coal mines / blocks under the provisions of the Coal Mines (Special Provisions) Act, 2015 is the prerogative of the coal bearing State Government, the Minister added.

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Mangalore Chemicals & Fertilizers provides operations update
Jul 20,2017

Mangalore Chemicals & Fertilizers announced that the Company has commenced operations of Ammonia, Urea and Ammonia Bi-carbonate plants after carrying out refractory repair job in the primary reformer of the Ammonia plant.

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Anshuni Commercials appoints director
Jul 20,2017

Anshuni Commercials has appointed Kanhai Shah (DIN: 00120267) as Additional Independent Director of the Company by the Board of Directors in its meeting held on 20 July 2017 with immediate effect subject to approval of shareholders in ensuring Annual General Meeting.

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Petronet LNG announces cessation of director
Jul 20,2017

Petronet LNG announced that R. K. Garg has been superannuated as Director (Finance) of the Company w.e.f. 19 July 2017 after office hours.

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Somi Conveyor Beltings secures new orders worth Rs 15.11 crore
Jul 20,2017

Somi Conveyor Beltings has secured multiple orders aggregating Rs 15.11 crore for a total 34969 meters since 01 April 2017 till date.

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LKP Finance gets reaffirmation in credit ratings for bank facilities
Jul 20,2017

LKP Finance has received reaffirmation in rating for bank facilities availed by the Company from Brickwork Ratings as under -

Long term - Cash Credit (Rs 125 crore) - BWR BBB; Stable

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About 85,000 candidates placed after skill training in DDU-GKY IN 2016-17
Jul 20,2017

Deendayal Upadhayaya Grameen Kaushalya Yojana (DDU-GKY) is a placement linked skill development programme for the rural poor youth being implemented by the Ministry of Rural Development. The Minister of State for Rural Development Shri Ram Kripal Yadav said that training under this scheme enables a youth to seek wage employment. He said that during the financial year 2016-17, a total of 1,62,586 candidates have been skilled and 84,900 placed.

Another component is skill development through Rural Self Employment and Training Institutes (RSETI) which enables a trainee to seek self-employment with bank credit. A total of 4,45,106 candidates have been trained and 3,63,111 settled in the financial year 2016-17.

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Indergiri Finance shits registered office
Jul 20,2017

Indergiri Finance announced that the Board of Directors of the Company on 17 July 2017 passed resolution for shifting of the registered office from existing premises to new address as mentioned below effective from 19 July 2017:

Indergiri Finance, Office No. 327, 3rd Fl, Goyal Trade Center, Near Sona Talkies, Shantivan, Borivali (E), Mumbai - 400 066

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