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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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Rabi crops sowing crosses 616 lakh hactare
Jan 13,2017

As per preliminary reports received from the States, the total area sown under Rabi crops as on 13 January 2017 stands at 616.21 lakh hectares as compared to 581.95 lakh hectare this time in 2016. The Rabi crop sowing has increased 5.9% above last year level.

Wheat has been sown/transplanted in 309.6 lakh hectares as on 13 January 2017, up 7.1% compared with sowing of 289.07 lakh hectares same time last season. The area under pulses also moved up 11% to 155.35 lakh hectares, while that under oil seeds also increased 8.5% to 81.47 lakh hectares.

However, the area under rice has declined 23.4% to 14.92 lakh hectares, while that under coarse cereals also fell 6% to 54.87 lakh hectares as on 13 January 2017 over a year ago.

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Rupee slips
Jan 13,2017

Rupee closed lower at 68.1479/1630 per dollar on Friday (13 January 2017), versus its previous close of 68.0829/0970 per dollar.

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IL&FS Transportation Networks reports standalone net profit of Rs 55.66 crore in the December 2016 quarter
Jan 13,2017

Net profit of IL&FS Transportation Networks reported to Rs 55.66 crore in the quarter ended December 2016 as against net loss of Rs 19.42 crore during the previous quarter ended December 2015. Sales declined 23.80% to Rs 763.00 crore in the quarter ended December 2016 as against Rs 1001.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales763.001001.29 -24 OPM %49.2413.03 - PBDT38.37-29.99 LP PBT35.80-32.28 LP NP55.66-19.42 LP

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Universal Credit & Securities reports standalone nil net profit/loss in the December 2016 quarter
Jan 13,2017

Universal Credit & Securities reported no net profit/loss in the quarter ended December 2016 as against net profit of Rs 0.01 crore during the previous quarter ended December 2015. Sales declined 42.31% to Rs 0.30 crore in the quarter ended December 2016 as against Rs 0.52 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.300.52 -42 OPM %01.92 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Goa Carbon reports standalone net loss of Rs 1.09 crore in the December 2016 quarter
Jan 13,2017

Net Loss of Goa Carbon reported to Rs 1.09 crore in the quarter ended December 2016 as against net loss of Rs 0.90 crore during the previous quarter ended December 2015. Sales declined 19.92% to Rs 71.89 crore in the quarter ended December 2016 as against Rs 89.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales71.8989.77 -20 OPM %2.270.26 - PBDT-1.15-0.71 -62 PBT-1.63-1.19 -37 NP-1.09-0.90 -21

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GRUH Finance standalone net profit rises 19.17% in the December 2016 quarter
Jan 13,2017

Net profit of GRUH Finance rose 19.17% to Rs 64.04 crore in the quarter ended December 2016 as against Rs 53.74 crore during the previous quarter ended December 2015. Sales rose 17.76% to Rs 381.02 crore in the quarter ended December 2016 as against Rs 323.55 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales381.02323.55 18 OPM %85.8488.38 - PBDT97.3582.55 18 PBT96.6581.82 18 NP64.0453.74 19

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National Steel & Agro Industries standalone net profit rises 264.41% in the December 2016 quarter
Jan 13,2017

Net profit of National Steel & Agro Industries rose 264.41% to Rs 4.30 crore in the quarter ended December 2016 as against Rs 1.18 crore during the previous quarter ended December 2015. Sales rose 14.45% to Rs 964.15 crore in the quarter ended December 2016 as against Rs 842.39 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales964.15842.39 14 OPM %4.054.15 - PBDT11.035.50 101 PBT6.821.80 279 NP4.301.18 264

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Per capita availability of milk in India is 337 gram/day as compared to the average world per capita availability of 229 gram/day
Jan 13,2017

Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh has said that milk production has become a major economic activity amongst rural households and farmers are adopting dairying along with agriculture for augmenting their incomes.

Shri Radha Mohan Singh said that about 70 million rural households are engaged in milk production. The small and marginal farmers & landless labourer produce about one to three litres of milk per day and are responsible for production of most of the milk for the country. About 78 percent farmers in India are small and marginal, who own about 75 percent of female bovine but own only 40 percent farm land. Milk contributes to one third of gross income of rural households and in case of landless its contribution is half in their gross income.

Agriculture Minister said that India continues to hold the number one position among milk producing nations of the world since 1998. India has largest bovine population in the world (18.4 percent share). Milk production in India has increased from 22 million tonne in 1970 to 156 million tonne in 2015-16, which shows a growth of 700 percent during last 46 years. As a result, the per capita availability of milk in India is 337 gram/day as compared to average world per capita availability of 229 gram/day.

Shri Singh said that during last two years 2014-16, milk production has registered a growth rate of 6.28 percent, which is more than last year growth rate of about 4 percent and more than three times higher than the world growth average of 2.2 percent. If wheat and paddy is combined together, even then, in Gross Value Addition (GVA) of Rs.4.92 crore in 2014-15, the contribution of milk is more than 37 percent. About 54 percent of milk produced in the country is surplus, out of which about 38 percent is handled by the organized sector. The Co-operatives and private dairy organisations have equal share in it. Shri Singh said that women participation in dairying is about 70 per cent.

Union Agriculture Minister said that in order to encourage the farmers for increasing milk production, it is imperative that milk collection facilities need to be upgraded and farmers be given remunerative price for their produce. This is possible only when an effective management system is in place to link the farmers to the market. Shri Singh said that BPL households, small and marginal farmers will be encouraged to rear descript indigenous breeds.

Shri Radha Mohan Singh said that the National Bovine Breeding and Dairy Development Programme (NPBBDD) has been started in 2014-15 converging four existing programmes. The objective of this programme is to prepare a comprehensive and scientific programme to meet the increasing demand for milk. The programme has two components - National Bovine Breeding programme (NPBB) and National Dairy Development Programme (NPDD). The NPBB focusses on expanding field coverage for artificial insemination network, monitoring of programmes for indigenous breed development and conservation in the breeding areas. The NPDD is focusing on creating and strengthening of infrastructure for milk unions/federations for production, procurement, processing & marketing of milk and training of dairy farmers and extension.

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BSNL partners with Tata Communications
Jan 13,2017

Bharat Sanchar Nigam has partnered with Tata Communications to deliver a high-quality mobile experience and accelerate how its subscribers use Wi-Fi internationally. In an industry first, BSNL hasdeployed Tata Communications Wi-Fi+, Wi-Fin++ cloud communication solution, giving its subscribers seamless access to 44 million Wi-Fi hotspots in more than 100 countries including international flights and rail systems.

Wi-fi+ allows BSNL subscribers access to the single largest global Wi-Fi network in the world while travelling outside India. Typically accessing Wi-fi hotspots is very cumbersome and requires the user to remember multiple passwords. With Wi-fi+, BSNL users will have to register just once to automatically connect to the closest participating Wi-Fin++ hotspot, even if they travel to a different city, country or continent.

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Maruti Suzuki India launches premium urban compact vehicle - IGNIS
Jan 13,2017

Maruti Suzuki India launched the much awaited premium urban compact vehicle for the millennials, IGNIS on 13 January 2017.

IGNIS is built on a new generation rigid platform embodying Suzuki Total Effective Control Technology (TECT) for occupant protection. The Company, alongwith its suppliers, has invested over Rs 950 crore towards development of IGNIS. IGNIS comes with 98.5% localization.

IGNIS ex-showroom (Delhi) introductory price starts from Rs 4.59 lakh onwards for Sigma variant (petrol manual).

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Alankit enters into agreement with NSDL e-governance Infrastructure
Jan 13,2017

Alankit has entered into an agreement with NSDL e-governance Infrastructure (NSDL e-Gov) to act as a facilitation centre (TWFC) for collecting and forwarding specified data required for CDRS, established on behalf of the National Handloom Development Corporation (NHDC), Ministry of Textiles, Govt. of India (MOT).

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Goa Carbon fixes record date for interim dividend
Jan 13,2017

Goa Carbon announced that the Company has fixed 25 January 2017 as the Record Date for the purpose of payment of interim dividend. Interim dividend shall be paid / dispatched on or before 08 February 2017.

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HCL Technologies fixes record date for 4th interim dividend
Jan 13,2017

HCL Technologies has fixed 02 February 2017 as the Record Date for the purpose of Payment of 4th Interim Dividend.

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Page Industries fixes record date for 3rd interim dividend
Jan 13,2017

Page Industries has fixed 17 February 2017 as the Record Date for the purpose of Payment of 3rd Interim Dividend.

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Grovy India to consider December quarter results
Jan 13,2017

Grovy India 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 and discuss; un-audited financial results for quarter ended on 31 December 2016 and if thought fit to approve the same.

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