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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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Pan Electronics (India) shifts its manufacturing unit
Jul 04,2017

Pan Electronics (India) announced that the company is in process of shifting its manufacturing unit from Plot # 83, Phase I, SIPCOT Industrial Complex, HOSUR 635 126 to New Municipal No.7, 16B, 1st Phase, Peenya Industrial Area, Bengaluru - 560 058.

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TCS bags multiple awards at Asian Banker Technology Innovation Awards 2017
Jul 04,2017

Tata Consultancy Services announced that IDFC Bank, India and KBZSC Myanmar won the Best Core Banking Implementation and Best Securities Trading Implementation awards at the just concluded Asian Banker Technology Innovation Awards 2017 in Singapore. TCS also won a Silver Award and was named among the three winners in the Best Vendor Satisfaction category that represented the lenders in the Asian Pacific region.

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Wockhardt gets revision in credit ratings
Jul 04,2017

Wockhardt announced that Credit Analysis & Research has has re-affirmed the Companys Rating for Short Term Bank Facilities (Non Fund Based Working Capital limit) as CARE A1+ and revised the Companys Long - Term Bank Facilities (Fund Based Working Capital limit) as CARE AA- from CARE AA.

Further, CARE Ratings has also revised rating for the proposed issue of NCDs of Rs. 250 crore of the Company as CARE AA- from CARE AA.

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Infosys Finacle partners with Singapore based Active.AI
Jul 04,2017

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys announced a partnership with Active.AI, a Singapore based FinTech that offers an Enterprise AI platform for banks globally. The Active AI Platform, integrated with Finacle, will help financial institutions offer conversational banking services through chat and voice based interfaces across their digital channels. Banks can leverage the joint solution to harness artificial intelligence to automate and enhance their customer experience.

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Laurus Labs gets revision in credit ratings
Jul 04,2017

Laurus Labs announced that CARE Ratings has revised the credit ratings as under -

Long Term Bank Facilities -CARE AA-; Stable; Revised from CARE A+; Positive

Short Term Bank Facilities -CARE A1+; Reaffirmed

Commercial Paper Issue -CAREA1+; Reaffirmed

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Indian Acrylics announces change in nominee director
Jul 04,2017

Indian Acrylics announced the appointment of Sanjeev Bajaj as Nominee Director of the Company in place of Satish Kumar Dua with effect from 30 May 2017.

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BFL Developers allots 51 lakh shares
Jul 04,2017

BFL Developers has allotted 51,00,000 equity shares of the Company having face value of Rs. 10/- each to promoter group and non promoter group on preferential basis at Rs. 11/- per share (including Premium).

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Rolta India appoints CFO and Chief Compliance Officer
Jul 04,2017

Rolta India has appointed V L Ganesh as Chief Financial Officer & Chief Compliance Officer of the Company w.e.f. 04 July 2017.

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Record inflation augurs perfectly well for GST launch: ASSOCHAM
Jul 04,2017

With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the countrys most ambitious tax reform, the ASSOCHAM has said.

n++The retail inflation, measured by the Consumer Price Index (CPI) was at a four year low of 2.18 per cent in May, 2017. Likewise, the Whole Price Index measured inflation was mere 2.17 per cent for the latest month, providing an ideal platform for the GST. With Monsoon showing a good spell in its initial phase, the prices should further ease for a large number of items. While the weighted average of net tax incidence would be lower post-GST, consumer prices in any case have seen a drastic fall in the last one year from 5.76 per cent in May 2016 to the 2.18 per cent in May this year. For consumer food prices, the drop in inflation on CPI scale has been even sharper from 7.47 per cent to 1.05 per year -on-yearn++, ASSOCHAM Secretary General Mr D S Rawat said.

Thus, ASSOCHAM said while the GST may face some initial hiccups, the broad and the most important macro matrix is n++perfectly placedn++. n++So, even if there is some increase in some of the items because of shuffling of tax incidence, abundant supply side would ensure prices ruling easyn++.

There are several consumer related items which are witnessing a subdued inflation between 1-3 per cent and the situation is not going to change in any significant way in the months to come. n++So, it all boils down to implementation. If we can make it smooth, hand holding the traders and increasing awareness at the consumer end, the dramatic shift in Indias taxation should be a happy experience for the industry, trade and consumern++.

Even the global crude oil prices are trading below USD 50 per barrel and the outlook does not seem to be that of an upturn, thus helping Indias macro picture , that should aid the GST roll out without any price pressure on the consumers.

n++Besides, in the backdrop of subdued consumer demand, there is no reason for the industry not to pass on any benefit accruing from the GST. The top priority for the industry today is to step up its capacity utilization by increasing production, helped by consumer demand. The current situation, in any case, does not support any extra gains to the producers, who would like to see the volume increase. Any incidence of tax cut should only help the demand and volume growthn++, the chamber said.

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Pioneer Distilleries to hold AGM
Jul 04,2017

Pioneer Distilleries announced that the 24th Annual General Meeting(AGM) of the company on 28 July 2017.

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SRS Real Infrastructure to hold board meeting
Jul 04,2017

SRS Real Infrastructure will hold a meeting of the Board of Directors of the Company on 12 July 2017 AGM

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Kaya to hold AGM
Jul 04,2017

Kaya announced that the 14th Annual General Meeting(AGM) of the company on 2 August 2017.

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Maximus International to hold board meeting
Jul 04,2017

Maximus International will hold a meeting of the Board of Directors of the Company on 11 July 2017.

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Nalin Lease Finance to hold board meeting
Jul 04,2017

Nalin Lease Finance will hold a meeting of the Board of Directors of the Company on 14 July 2017 to Consider and take on Record the Unaudited Financial Results for the Quarter ended on 30th June, 2017.

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Vinyl Chemicals (I) to hold board meeting
Jul 04,2017

Vinyl Chemicals (I) will hold a meeting of the Board of Directors of the Company on 24 July 2017 Quarterly Results

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