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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 Texel Industries appoints company secretary
Jan 05,2017

Texel Industries announced that the Board of Director of the Company, in their meeting dated 25 November 2016, has appointed Reshma Susan Thomas, an Associated Member of the Institute of Company Secretaries of India, as a Company Secretary of the Company, w.e.f. 21 December 2016.

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Board of Farry Industries to appoint company secretary
Jan 05,2017

Farry Industries announced that a meeting of the Board of Directors of the Company will be held on 13 January 2017, inter alia, to consider and approve the following:

- Appointment of Swati Dhanuka as Company Secretary of the Company.

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Q3 results of Emami Paper Mills
Jan 05,2017

Emami Paper Mills announced that a Meeting of the Board of Directors of the Company will be held on 31 January 2017 to consider and take on record, inter-alia, the Unaudited Financial Result of the Company for the 3rd quarter ended 31 December 2016.

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Mangalya Soft-Tech to announce Q3 results results
Jan 05,2017

Mangalya Soft-Tech announced that the Board of Directors of the Company will meet on 31 January 2017 to consider the unaudited result for the 3rd Quarter ended on 31 December 2016.

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Federal Bank schedules board meeting for Q3 results
Jan 05,2017

Federal Bank announced that the Board of Directors of the Bank is scheduled to hold its meeting on 19 January 2017, inter alia, to consider and take on record the Banks unaudited financial results for the period ended 31 December 2016 (Q3).

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Q3 and 9M results of Aurum Soft Systems
Jan 05,2017

Aurum Soft Systems announced that a meeting of the Board of Directors of the Company will be held on 13 January 2017, to consider the audited financial results of the Company for the quarter and the Nine Months ended 31 December 2016.

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Johnson Controls-Hitachi Air Condition. India to announce December quarter results
Jan 05,2017

Johnson Controls-Hitachi Air Condition. India announced that a meeting of the Board of Directors of the Company will be held on 23 January 2017 to consider and take on record Unaudited Financial Results of the Company for the quarter ended on 31 December 2016.

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Board of Proaim Enterprises to appoint director
Jan 05,2017

Proaim Enterprises announced that a Meeting of the Board of Directors of the Company will be held on 13 January 2017, inter alia, to consider and approve the following:

1. To appoint Mayuri Rathod as additional Director of the Company.

2. To take note on compliance made under SEBI (LODR) Regulation, 2015 for the quarter ended 31 December 2016.

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Board of India Lease Development to consider December quarter results
Jan 05,2017

India Lease Development announced that a Meeting of the Board of Directors of the Company will be held on 13 February 2017 to consider and take on record the Standalone Unaudited Financial Results of the Company for the quarter ended 31 December 2016 along with Limited Review Report by the Statutory Auditors of the Company.

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Board of Supreme Petrochem to consider December quarter results
Jan 05,2017

Supreme Petrochem announced that a meeting of the Board of Directors of the Company will be held on 24 January 2017, inter-alia to consider and approve the unaudited financial results for the quarter ended 31 December 2016.

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FM: Though world economy is quite fragile yet India appears to be much better placed on back of improvement in its macro-economic fundamentals
Jan 05,2017

The Union Finance Minister Shri Arun Jaitley said though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Finance Minister said that the Governments measures to eliminate the shadow economy and tax evasion are expected to have a positive impact both on GDP and on fiscal consolidation in the long run. The Finance Minister Shri Jaitley was making his Opening Remarks while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).

The Council reviewed the major issues and challenges facing the economy and noted that India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Council also noted that the Governments measures to eliminate the parallel economy and black money are expected to have a positive impact both on GDP and on fiscal consolidation in the long run.

The Regulators offered their suggestions/proposals for the upcoming Budget 2017-18, which were deliberated upon by the Council. The Council also reviewed the present status of NPAs in Banks and the measures taken by Government & RBI for dealing with the stressed assets and discussed on further action in this regard.

FSDC discussed about the various initiatives taken by the Government and Regulators for promoting financial inclusion/financial literacy efforts and discussed further measures for promoting the same.

A Brief Report on the activities undertaken by the FSDC Sub-Committee chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.

The Council also discussed issues pertaining to Fintech, digital innovations and cyber security. The Council took note of the initiatives taken in this regard by the Government and the Regulators and discussed on further steps to be taken.

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FM: World economy fragile; India appears to be much better placed on back of improvement in its macro-economic fundamentals
Jan 05,2017

The Union Finance Minister Shri Arun Jaitley said though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Finance Minister said that the Governments measures to eliminate the shadow economy and tax evasion are expected to have a positive impact both on GDP and on fiscal consolidation in the long run. The Finance Minister Shri Jaitley was making his Opening Remarks while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).

The Council reviewed the major issues and challenges facing the economy and noted that India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Council also noted that the Governments measures to eliminate the parallel economy and black money are expected to have a positive impact both on GDP and on fiscal consolidation in the long run.

The Regulators offered their suggestions/proposals for the upcoming Budget 2017-18, which were deliberated upon by the Council. The Council also reviewed the present status of NPAs in Banks and the measures taken by Government & RBI for dealing with the stressed assets and discussed on further action in this regard.

FSDC discussed about the various initiatives taken by the Government and Regulators for promoting financial inclusion/financial literacy efforts and discussed further measures for promoting the same.

A Brief Report on the activities undertaken by the FSDC Sub-Committee chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.

The Council also discussed issues pertaining to Fintech, digital innovations and cyber security. The Council took note of the initiatives taken in this regard by the Government and the Regulators and discussed on further steps to be taken.

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Board of Sastasundar Ventures approves scheme of merger
Jan 05,2017

Sastasundar Ventures announced that the Board of Directors of the Company at its meeting held on 05 January 2017 approved the scheme of merger -

I) PRP Technologies (subsidiary of the Company), Myjoy Tasty Food (subsidiary of the Company) and Myjoy Hospitality (subsidiary of Myjoy Tasty Food) with the Company.

II) Sasta Sundar Shop, a step down subsidiary of the Company with Sastasunder Hospitality, a wholly owned subsidiary of the Company.

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Bafna Pharmaceuticals announces update on board meeting
Jan 05,2017

Bafna Pharmaceuticals announced that meeting of the Board of Directors of the Company was held on 04 January 2017, where it was decided to withdraw entire preferential issue of 40,00,000 share warrants and in-principle application filed with the Stock Exchanges.

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Board of Jagran Prakashan approves buyback of shares upto Rs 302.25 crore
Jan 05,2017

Jagran Prakashan announced that the Board of Directors of the Company at its meeting held on 05 January 2017, unanimously approved a buy-back proposal for the purchase by the Company of up to 1,55,00,000 fully paid up equity shares of face value of Rs 2 each representing 4.74% of the total number of outstanding Equity Shares of the Company, at a price of Rs 195 per Equity Share, for an aggregate amount of Rs 302.25 crore, out of the securities premium account and/or out of free reserves or such other sources as may be permitted by law, from the existing shareholders of the Company on a proportionate basis through a tender offer route as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (Buyback Regulations), to all of the shareholders who hold Equity Shares as of the Record Date (as defined in the Buy Back Regulations), on a separate window of the stock exchanges through the tender offer method, under the Buyback Regulations, subject to the condition that the aggregate amount to be expended by the Company for the Buyback shall not exceed 25% of the Companys total paid-up capital and free reserves based on the audited financial statements of the Company as on 31 March 2016.

The Buyback size does not include any expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India and other expenses such as advisors fees, public announcement publication expenses, printing and dispatch expenses and other incidental and related expenses.

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