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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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Shriram Asset Management Co appoints director
Mar 03,2017

Shriram Asset Management Co has appointed Kshiti Ranjan Das as Additional Director of the Company with effect from 06 March 2017.

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Firstsource Solutions allots 442,500 equity shares
Mar 03,2017

Firstsource Solutions has allotted 442,500 Equity shares of Rs.10/- each on 24 February 2017, under Employee Stock Option Scheme 2003 of the Company. Consequent to the said allotment, the paid up capital of the Company has increased to Rs. 6,800,366,370 consisting of 680,036,637 Equity shares of Rs.10/- each.

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Raj Packaging Industries to hold board meeting
Mar 03,2017

Raj Packaging Industries will hold a meeting of the Board of Directors of the Company on 9 March 2017, to consider appointment of Ms. Khushboo Joshi as Whole time Company Secretary of the Company, Authorization for E-Trade Facility - Online with bank and any other business with the permission of the Chair.

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Machino Plastics to hold board meeting
Mar 03,2017

Machino Plastics will hold a meeting of the Board of Directors of the Company on 11 March 2017.

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Vista Pharmaceuticals to hold board meeting
Mar 03,2017

Vista Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 7 March 2017, to consider Proposal for raising of funds by way of issue of equity/warrants or debt.,Any other business with the permission of the Chair.

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Shri Gang Inds. & Allied Products to hold EGM
Mar 03,2017

Shri Gang Inds. & Allied Products announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 March 2017.

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Bharti Airtel and Millicom enter into agreement
Mar 03,2017

Bharti Airtel and Millicom International Cellular S.A. announced that they have, through their respective subsidiaries, entered into an agreement for Tigo Ghana and Airtel Ghana to combine their operations in Ghana. As per the agreement, Airtel and Millicom would have equal ownership and governance rights in the combined entity.

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Board of Harita Seating Systems recommends dividend
Mar 03,2017

Harita Seating Systems announced that the Board of Directors of the Company at its meeting held on 3 March 2017, inter alia, have recommended the dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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IndusInd Bank strengthens presence in Gurgaon
Mar 03,2017

IndusInd Bank has recently inaugurated a branch in Gurgaon. The new branch is located at F-1 to F-4, Qutub Plaza, DLF Phase-1, Gurgaon, Haryana. With the inauguration of this branch, the Bank now has 29 branches in Gurgaon City.

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IndusInd Bank strengthens presence in Gurgaon
Mar 03,2017

IndusInd Bank has recently inaugurated a branch in Gurgaon. The new branch is located at F-1 to F-4, Qutub Plaza, DLF Phase-1, Gurgaon, Haryana. With the inauguration of this branch, the Bank now has 29 branches in Gurgaon City.

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Goa Carbon resumes operations at Bilaspur Unit
Mar 03,2017

Goa Carbon announced that its Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh), has resumed operations from 02 March 2017.

There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there was sufficient inventory of finished material.

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Goa Carbon resumes operations at Bilaspur Unit
Mar 03,2017

Goa Carbon announced that its Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh), has resumed operations from 02 March 2017.

There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there was sufficient inventory of finished material.

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Pidilite Industries allots 7,400 equity shares
Mar 03,2017

Pidilite Industries has allotted on 03 March 2017, 7400 equity shares of face value of Re.1/- each in the share capital of the Company for cash at par to the eligible employees of the Company who exercised their stock option under ESOS-2012. These shares shall rank pari passu, in all respects with the existing equity shares of the Company.

After allotment of aforesaid equity shares, the share capital of the Company stands increased from 51,26,75,330 to 51,26,82,730.

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Pidilite Industries allots 7,400 equity shares
Mar 03,2017

Pidilite Industries has allotted on 03 March 2017, 7400 equity shares of face value of Re.1/- each in the share capital of the Company for cash at par to the eligible employees of the Company who exercised their stock option under ESOS-2012. These shares shall rank pari passu, in all respects with the existing equity shares of the Company.

After allotment of aforesaid equity shares, the share capital of the Company stands increased from 51,26,75,330 to 51,26,82,730.

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MSTC supports the Promotion of Agri-Forest Produce of the North Eastern Region
Mar 03,2017

The Minister of State (Steel) Shri Vishnu Deo Sai said that the North-East Region is endowed with a climate for rich agri and forest produce but the growers do not have any market access for their produce and are compelled to be exploited by middle men leading to a very pitiable situation for them. The situation is also aggravated due to the lack of proper logistic supports in the region.

The Minister appreciated MSTCs vision towards developing an eco system bringing all the enabling partners such as North-Eastern Regional Agriculture and Marketing Corporation (NERAMAC), Central Railside Warehousing Corporation (CRWC), Packaging Company and Inland Waterways Authority (IWA).

The above ecosystem will not only improve the financial status of the growers but also prevent the crops from colossal wastage and make niche products available to the rest of the country. This collaborative effort may play an important role as envisaged in the Government Policy for the development of the north-east region.

In order to provide direct market access to the growers of the North-East region and also effective co-ordination and required services amongst the above agencies, MSTC has recently opened an office at Guwahati, which will be a nodal point to cater to the needs of all the sister states of the North-East.

MSTC, a PSU under Ministry of Steel has also been rendering services to the oil marketing companies and paramilitary forces including defence in this region since long. In addition, MSTC is eying on all the State Government Departments of North-East states to provide e-Commerce services.

To increase its presence and services in the North East Region, the Minister of State for Steel has advised MSTC to waive off the registration fees charged to the new buyers in the North East Region to increase its buyer base and help the region in reaping the benefits of the e-commerce services.

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