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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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Coral Laboratories to hold board meeting
Jul 13,2017

Coral Laboratories will hold a meeting of the Board of Directors of the Company on 20 July 2017.

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Padmanabh Industries to hold board meeting
Jul 13,2017

Padmanabh Industries will hold a meeting of the Board of Directors of the Company on 17 July 2017, to consider and allot 15,00,000 (fifteen lakh) Equity shares of the Company at a price of Rs.61/- per share including Premium of Rs.51/- per share to non-promoter group on the preferential basis, To call 23rd Annual General Meeting of the Company and fix the day, date, time and venue of the meeting

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Shree Ram Urban Infrastructure to hold AGM
Jul 13,2017

Shree Ram Urban Infrastructure announced that the 80th Annual General Meeting (AGM) of the company will be held on 5 August 2017.

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Krishna Capital & Securities to hold AGM
Jul 13,2017

Krishna Capital & Securities announced that the 23rd Annual General Meeting (AGM) of the company will be held on 11 August 2017.

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Nagarjuna Agrichem to hold AGM
Jul 13,2017

Nagarjuna Agrichem announced that the 30th Annual General Meeting (AGM) of the company will be held on 5 August 2017.

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Gujarat Hotels to hold AGM
Jul 13,2017

Gujarat Hotels announced that the 35th Annual General Meeting (AGM) of the company will be held on 8 August 2017.

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Tata Coffee to hold board meeting
Jul 13,2017

Tata Coffee will hold a meeting of the Board of Directors of the Company on 27 July 2017, to consider the Financial Results of the Company for the quarter ended 30th June, 2017

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ADF Foods to hold board meeting
Jul 13,2017

ADF Foods will hold a meeting of the Board of Directors of the Company on 20 July 2017, to fix the date of dividend payment in respect of the final dividend on equity shares

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Apollo Finvest (India) to hold board meeting
Jul 13,2017

Apollo Finvest (India) will hold a meeting of the Board of Directors of the Company on 20 July 2017.

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Pentamedia Graphics to hold AGM
Jul 13,2017

Pentamedia Graphics announced that the 41st Annual General Meeting (AGM) of the company will be held on 23 August 2017.

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TCPL Packaging to hold board meeting
Jul 13,2017

TCPL Packaging will hold a meeting of the Board of Directors of the Company on 15 July 2017, to consider the proposal of raising funds through issue of equity shares on preferential allotment basis

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Elantas Beck India to hold board meeting
Jul 13,2017

Elantas Beck India will hold a meeting of the Board of Directors of the Company on 25 July 2017, to consider and approve the un-audited Financial Results of the Company for the quarter ended 30 June 2017.

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Kirloskar Industries to hold board meeting
Jul 13,2017

Kirloskar Industries will hold a meeting of the Board of Directors of the Company on 25 July 2017, to consider and take on record Standalone Un-audited Financial Results for the first quarter ended 30 June 2017.

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Anuh Pharma drops on profit booking
Jul 13,2017

Meanwhile, the S&P BSE Sensex was up 252.09 points or 0.79% at 32,056.91. The S&P BSE Small-Cap index rose 65.24 points or 0.41% at 15,962.25.

On the BSE, 6,872 shares were traded on the counter so far as against the average daily volumes of 8,407 shares in the past one quarter. The stock had hit a high of Rs 190 and a low of Rs 184 so far during the day. The stock had hit a 52-week high of Rs 290 on 20 September 2016 and a 52-week low of Rs 170 on 4 July 2017.

The stock had outperformed the market over the past one month till 12 July 2017, advancing 4.35% compared with the Sensexs 2.28% rise. The stock had, however, underperformed the market over the past one quarter, declining 7.72% as against the Sensexs 7.29% rise. The scrip had also underperformed the market over the past one year, sliding 12.83% as against the Sensexs 14.37% rise.

The small-cap company has equity capital of Rs 12.53 crore. Face value per share is Rs 5.

Shares of Anuh Pharma had surged 8.53% in the preceding six trading sessions to settle at Rs 188.25 yesterday, 12 July 2017, from its close of Rs 173.45 on 4 July 2017.

Anuh Pharmas net profit fell 11.1% to Rs 4.57 crore on 22% decline in net sales to Rs 54.70 crore in Q4 March 2017 over Q4 March 2016.

Anuh Pharma manufactures active pharmaceutical ingredients (APIs).

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Gartner Says Worldwide IT Spending Forecast to Grow 2.4 Percent in 2017
Jul 13,2017

Worldwide IT spending is projected to total $3.5 trillion in 2017, a 2.4 percent increase from 2016, according to Gartner, Inc. This growth rate is up from the previous quarters forecast of 1.4 percent, due to the U.S. dollar decline against many foreign currencies.

Digital business is having a profound effect on the way business is done and how it is supported, said John-David Lovelock, vice president and distinguished analyst at Gartner. The impact of digital business is giving rise to new categories; for example, the convergence of software plus services plus intellectual property. These next-generation offerings are fueled by business and technology platforms that will be the driver for new categories of spending. Industry-specific disruptive technologies include the Internet of Things (IoT) in manufacturing, blockchain in financial services (and other industries), and smart machines in retail. The focus is on how technology is disrupting and enabling business.

The Gartner Worldwide IT Spending Forecast is the leading indicator of major technology trends across the hardware, software, IT services and telecom markets. For more than a decade, global IT and business executives have been using these highly anticipated quarterly reports to recognize market opportunities and challenges, and base their critical business decisions on proven methodologies rather than guesswork.

The worldwide enterprise software market is forecast to grow 7.6 percent in 2017, up from 5.3 percent growth in 2016. As software applications allow more organizations to derive revenue from digital business channels, there will be a stronger need to automate and release new applications and functionality.

With the increased adoption of SaaS-based enterprise applications, there also comes an increase in acceptance of IT operations management (ITOM) tools that are also delivered from the cloud, said Mr. Lovelock. These cloud-based tools allow infrastructure and operations (I&O) organizations to more rapidly add functionality and adopt newer technologies to help them manage faster application release cycles. If the I&O team does not monitor and track the rapidly changing environment, it risks infrastructure and application service degradation, which ultimately impacts the end-user experience and can have financial as well as brand repercussions.

IT spending increased in 2016, but only two of the top 10 IT vendors posted organic revenue growth. With revenue sources still tied to the Nexus of Forces (the convergence of social, mobility, cloud and information), some of the top 10 vendors will fare better in 2017 due to strength in mobile phone sales. Worldwide spending on devices (PCs, tablets, ultramobiles and mobile phones) is projected to grow 3.8 percent in 2017, to reach $654 billion. This is up from the previous quarters forecast of 1.7 percent. Mobile phone growth will be driven by increased average selling prices (ASPs) for premium phones in mature markets due to the 10th anniversary of the iPhone and the increased mix of basic phones over utility phones. However, the tablet market continues to decline, as replacement cycles remain extended.

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