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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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Zenith Health Care to hold board meeting
May 18,2017

Zenith Health Care will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Mahavir Impex to hold board meeting
May 18,2017

Mahavir Impex will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Sunil Hitech Engineers to hold board meeting
May 18,2017

Sunil Hitech Engineers will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Saral Mining to hold board meeting
May 18,2017

Saral Mining will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Spice Mobility to hold board meeting
May 18,2017

Spice Mobility will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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HUL drops in early trade
May 18,2017

Meanwhile, the S&P BSE Sensex was down 111.09 points or 0.36% at 30,547.68.

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one quarter. The stock had hit a high of Rs 1,014 so far during the day, which is a record high. The stock hit a low of Rs 993.35 so far during the day.

The stock had hit a 52-week low of Rs 782.95 on 23 December 2016. It had outperformed the market over the past one month till 17 May 2017, advancing 10.18% compared with the Sensexs 4.23% rise. The scrip had also outperformed the market over the past one quarter, gaining 19.47% as against the Sensexs 7.69% rise.

The large-cap company has equity capital of Rs 216.43 crore. Face value per share is Rs 1.

Hindustan Unilevers (HUL) net profit rose 6.2% to Rs 1183 crore on 6.8% rise in net sales to Rs 8100 crore in Q4 March 2017 over Q4 March 2016.

HULs Chairman Harish Manwani said that Q4 March 2017 has been a strong quarter with profitable volume driven growth. With gradual improvement in market conditions, the company remains optimistic about the medium term outlook for its sector.

Manwani believes that the Goods & Services Tax (GST) will be a win-win for all stakeholders.

HUL recommended a final dividend of Rs 10 per share for the financial year ended March 2017.

HUL is a leading fast moving consumer goods (FMCG) company.

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Commercial Synbags to hold board meeting
May 18,2017

Commercial Synbags will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve the Audited Financial results for the half year/year ended 31st March, 2017.

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Board of Vinati Organics recommends final dividend
May 18,2017

Vinati Organics announced that the Board of Directors of the Company at its meeting held on 13 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Vinati Organics to hold AGM
May 18,2017

Vinati Organics announced that the Annual General Meeting (AGM) of the company will be held on 29 July 2017.

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Cabinet approves construction of double line with electrification between Guntur-Guntakal in Andhra Pradesh
May 18,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the construction of double line with electrification between Guntur-Guntakal in Andhra Pradesh.

The total length of the line will be 401.47 km. The anticipated cost of the Project will be Rs.3631 crore which will be funded through cost sharing of 50:50 by State Government and Ministry of Railway. The project is likely to be completed in five years.

The project fulfils the commitment given in the Andhra Pradesh Bifurcation Act regarding the increased rail connectivity to the Rayalaseema region to the Amravati, the capital of Andhra Pradesh.

There is significant amount of cross traffic moving on Guntur-Guntakal section besides the scope for further increase in additional originating and terminating traffic once the line is doubled. Besides travelling people. Industries in and around Guntur-Guntakal route will have additional transport capacity to meet their requirements.

Background:

The Guntur-Guntakal section falls in Guntur, Prakasham, Kurnool and Ananthapur districts of Andhra Pradesh. This is most accessible shortest route to Bangaluru from many important cities of Eastern and North Eastern States.

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Cabinet approves construction of electrified doubling line between Phephana-Indara and Mau-Shahganj in Uttar Pradesh
May 18,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the construction of double line with electrification between Phephana-Indara and Mau-Shahganj (excluding Indara-Mau) totaling 150 km approximately in Uttar Pradesh.

The respective length of the Phephana-Indara and Mau-Shahganj lines will be 50.53 km and 99.75 km. The estimated cost of the Project will be Rs.1028.95 crore with expected completion cost of Rs.1190.98 crore. The project is likely to be completed in next five years.

The doubling of these lines will remove the pressure over the congested North Central Railway route by providing an alternative route. Also, more number of goods/passenger trains could be run after doubling. It will lead to economic prosperity and development of the areas.

Background:

The areas served by this route are densely populated and there has been persistent unfulfilled demand of additional trains for the local and metropolitans cities. Shahganj-Mau-Phephna provides an important link between Amritsar-Moradabad-Lucknow-Mughalsarai-Patna section and Gorakhpur-Chhapra-Hajipur-Guwahati section. Thus doubling of this section will provide much needed relief toVaranasi-Mughalsarai and Makama-Barauni section which are highly congested.

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HUL in spotlight after announcing Q4 results
May 18,2017

Hindustan Unilevers net profit rose 6.19% to Rs 1183 crore on 6.39% rise in total income to Rs 8969 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Unilever recommended a final dividend of Rs 10 per share for the financial year ended March 2017.

Axis Bank announced that it has decided to keep the Marginal Cost of Funds based Lending Rate (MCLR) unchanged. This will be effective from 18 May 2017.

The banks MCLR for overnight loans will be 7.9%, the rate for one month will be 7.9% and for three months it will be 8.05%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate will be 8.25%, the bank said. MCLR on two-year loans will be 8.3% and for three-year loans the rate will be 8.35%. The announcement was made after market hours yesterday, 17 May 2017.

Sicagen Indias consolidated net profit jumped 120.43% to Rs 6.04 crore on 26.75% rise in total revenue to Rs 203.12 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Coppers net profit spurted 6919% to Rs 40.71 crore on 58.4% growth in net sales to Rs 513.68 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

JSW Steels consolidated net profit jumped 235% to Rs 1009 crore on 53% rise in revenue from operations to Rs 17917 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

The company in its guidance said that crude steel production is estimated to rise 4.4% to 16.5 million tonnes in year ending 31 March 2018 (FY 2018) over FY 2017. Saleable steel sales is estimated to rise 4.9% to 15.5 million tonnes in FY 2018 over FY 2017.

La Opala RG said that the operations at Madhupur plant have been temporarily suspended due to unreasonable charter of demands by the workers union. The management has taken a conscious decision, after taking into consideration a long term view, to temporarily suspend the operations at our Madhupur plant. In the circumstance, the production of and dispatches from the plant will be affected.

However, to a great extent, these would be made up by the Sitarganj unit, for which necessary steps have been initiated. The decision to suspend the work has been taken to improve the present working atmosphere prevailing at the plant. While the company remains committed to well established principles of good and cordial relationship with people, but will not compromise on issues of discipline and pressure tactics.

The company believes in fair treatment and as such, will keep the dialogue going with the union representative, so as to arrive at a mutual agreement at the earliest. The announcement was made after market hours yesterday, 17 May 2017.

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Board of Vedanta appoints directors
May 17,2017

The Board of Directors of Vedanta have approved appointment of Aman Mehta (DIN 00009364) as an Additional Director and Non-Executive Independent Director on the Board of the Company for a fixed term of 3 years effective 17 May 2017 to 16 May 2020 to hold office till the ensuing Annual General Meeting of the Company; Appointment of Priya Agarwal (DIN 05162177) as an Additional Director and Non-Executive Director, liable to retire by rotation, on the Board of the Company with effect from 17 May 2017.

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Electrotherm (India) announces resignation of director
May 17,2017

Electrotherm (India) announced the resignation of Chaitanyapratap Sharma, Independent & Non-Executive Director with immediate effect.

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Hindusthan National Glass & Industries announces demise of director
May 17,2017

Hindusthan National Glass & Industries announced the sad demise of the Chairman and Promoter Chandra Kumar Somany on 17 May 2017.

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