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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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Board of Corporate Courier & Cargo approves allotment of share on conversion of loan
Jun 15,2017

Corporate Courier & Cargo announced that the Board of Directors of the Company at its meeting held on 15 June 2017 have approved allotment of 12 lakh equity shares at an issue price of Rs 14.50 per share (including a premium of Rs 4.50 per share) on preferential basis upon conversion of unsecured loan outstanding.

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Modipon appoints nominee director
Jun 15,2017

Modipon has announced appointment of Ranvir Prasad as an Nominee Director (Non-Executive) with effect from 16 May 2017.

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Modipan announces resignation of Nominee Director
Jun 15,2017

Modipan has received resignation letter from the Hemant Kumar Singh as Nominee Director of the Company with effect from 16 May 2017.

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Bharat Financial Inclusion allots 34,454 equity shares
Jun 15,2017

Bharat Financial Inclusion allots 34,454 equity shares of Rs.10/- each to the employees of the Company who have exercised options under various Stock Option Plans. The said shares shall rank pari-passu with the existing equity shares of the Company in all respects.

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Board of Mega Nirman & Industries appoints CFO
Jun 15,2017

The Board of Mega Nirman & Industries has appointed Dinesh Kumar Gupta as Chief Financial Officer of the Company with immediate effect.

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D B Corp and Diligent Media Corporation mutually terminate publication license agreement
Jun 15,2017

D B Corp (DBCL) had entered into publication license agreements with Diligent Media Corporation (DMCL) whereby DMCL had granted an exclusive license to DBCL to print, edit, publish, circulate and market the newspaper titled DNA - Daily News & Analysis together with its supplements in the cities of Jaipur and Ahmedabad.

D B Corp and DMCL have now mutually decided to terminate the agreements with effect from close of business hours on 15 June 2017 and consequently DBCL will stop publication of DNA newspaper from abovesaid cities from 16 June 2017 and onwards.

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GCCL Infrastructure & Projects announces resignation of director
Jun 15,2017

GCCL Infrastructure & Projects announced that Dinesh Patel as Non Executive, Independent Director has resigned from the Board with effect from 01 June 2017.

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Excel Castronics announces resignation of company secretary and compliance officer
Jun 15,2017

Excel Castronics announces the resignation of Company Secretary and Compliance Officer, Jaykumar Belani with effect from 30 May 2017.

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Shailja Commercial Trade Frenzy proposes sub-division of shares
Jun 15,2017

Shailja Commercial Trade Frenzy proposes to split face value of Equity Shares from Rs. 10 to Re 1. The Board will consider the proposal on 23 June 2017.

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Century Plyboards (India) provides update on subsidiary
Jun 15,2017

Century Plyboards (India) announced that its Subsidiary Century Ply (Singapore) in Singapore has acquired 49% stake in Huesoulin Wood Processing Factory Co., thereby making it an associate company. Huesoulin Wood Processing Factory Co. Ltd. is engaged in manufacturing and trading in plywood, veneer & all wood products and providing related services.

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Board of Vani Commercials appoints directors
Jun 15,2017

The Board of Vani Commercials at its meeting held on 15 June 2017 approved appointment of Viralbhai Dodiya and Pravinbhai Shankhavara as Non Executive Independent Directors of the Company.

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Board of India Infraspace approves change in registered office
Jun 15,2017

The Board of India Infraspace has passed a resolution for change of registered office to 701, Sarap Building, Opp Navjeevan Press, Ashram Road, Ahmedabad - 380014.

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Havells India to issue Commercial Paper aggregating Rs 150 cr
Jun 15,2017

Havells India is going to issue Commercial Paper to Yes Bank for an amount of Rs. 150 crore on 20 June 2017.

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Reliance Industries and BP to progress and expand partnership
Jun 15,2017

Reliance Industries and BP have agreed to deepen and expand their partnership to work jointly across a wider range of areas throughout Indias energy sector.

Both companies announced that they will award contracts to progress development of the R-Series deep water gas fields in Block KGD6 off the east coast of India. The project is expected to produce up to 12 million cubic meters of gas a day, coming on stream in 2020.

This is the firs of the three planned projects in Block KGD6 that are expected to be developed in an integrated mannar, producing from about 3 trillon cubic feet of discovered gas resources. RIL and BP plan to submit development plans for the next two projects for Government approval before end of 2017.

Development of the three projects, with total investment of Rs 40000 crore (USD 6 billion), is expected to bring a total 30-35 million cubic meters of gas a day new domestic production onstream, phased over 2020-2022.

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Astrazeneca Pharma India receives Import and Market permission for Asthma drug
Jun 15,2017

Astrazeneca Pharma India has received Import and Market permission in Form 45 (Marketing Authorization) from the Drug Controller General of India for FDC of Budesonide 320 n++g +Formoterol Fumarate Dihydrate 9 n++g inhalation powder.

FDC of Budesonide 320 n++g + Formoterol Fumarate Dihydrate 9 n++g inhalation powder (Symbicortn++ Turbuhalern++ 320/9 n++g) is a product of AstraZeneca global and is indicated in the regular treatment of Asthma where use of combination of inhaled regular corticosteroid & long acting n++-agonist is appropriate and patients with moderate to severe COPD with frequent symptoms and a history of exacerbations

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