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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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Jindal Worldwide appoints director
May 10,2017

Jindal Worldwide announced that the Board of Directors at its meeting held on 10 May 2017 has approved the appointment of Shrikant N. Jhaveri as a Additional Director under the category of the Independent Director of the Company ,who shall hold office upto the date of the ensuing Annual General Meeting of the Company and be regularized in the said meeting subject to the approval of shareholders.

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Kamdhenu gets reaffirmation of credit ratings
May 10,2017

Kamdhenu announced that the credit rating of the Company has been reaffirmed as CRISIL BBB+ and CRISIL A2 and outlook is revised from Negative to Stable by the credit rating agency CRISIL

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Board of Tata Motors appoints director
May 10,2017

Tata Motors has appointed Mr Om Prakash Bhatt as Additional and Independent Director, with effect from 09 May 2017 for a tenure of 5 years from date of such appointment at board meeting held on 09 May 2017.

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Board of Kothari Industrial Corporation appoints director
May 10,2017

Kothari Industrial Corporation announced that the Board of Directors of the Company at its meeting held on 21 April 2017 has appointed J.Rafiq Ahmed as Additional Director of the company.

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Vakrangee forms alliance with First Flight Couriers
May 10,2017

Vakrangee announced its alliance with First Flight Couriers, through its wholly owned subsidiary, Vakrangee Logistics for offering last mile courier and logistic services to citizens.

As per the arrangement with First Flight Couriers, Vakrangee Logistics through Vakrangee Kendras will offer Courier Pick up services and help First Flight Couriers extend their reach to un-served and under-served areas.

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Insilco to resume operations at plant in Gajraula
May 10,2017

Insilco announced that it is restarting its plant at Gajraula and has deposited Demand Draft for an amount of Rs. 15 lakhs with Central Pollution Control Board on 09 May 2017.

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Orient Cement appoints director
May 10,2017

Orient Cement announced that the Board of Directors of the Company at its meeting held on 05 May 2017 has appointed I.Y.R. Krishna Rao as an Additional Director in the category of Independent Director of the Company for a period of five years w.e.f. 05 May 2017 subject to the approval of the shareholders at the forthcoming Annual General Meeting.

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RBI initiates Prompt Corrective Action for IDBI Bank
May 10,2017

IDBI Bank announced that the Reserve Bank of India on 05 May 2017 has initiated Prompt Corrective Action for IDBI Bank in view of high net NPA and negative RoA. This action will not have any material impact on the performance of the Bank and will contribute to improving the internal controls of the Bank and improvement in its activities.

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Outcome of board meeting of SKIL Infrastructure
May 10,2017

SKIL Infrastructure announced that the Board of Directors of the Company at its meeting held on 09 May 2017 has transacted the following -

1. Accepted the resignation of Ajay Khera from the post of Key Managerial Personnel under the category of Chief Executive Officer (CEO) of the Company, effective from 09 May 2017.

2. Appointed Uday B. Singh as an Additional Director of the company with immediate effect and thereafter as a Whole- time director designated as Executive Director with effect from May 10, 2017 for the tenure of two years.

3. Appointed Shekhar Gandhi as a Chief Financial Officer of the Company with immediate effect.

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Endurance Technologies to pay dividend for FY 2017
May 10,2017

Endurance Technologies announced that dividend, if declared by the shareholders at the Eighteenth Annual General Meeting, shall be paid on or after 01 August 2017.

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Network cancels record date for reduction of capital
May 10,2017

Network announced that the record date of 18 May 2017 for reduction of capital has been cancelled.

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Orient Tradelink appoints CEO
May 10,2017

Orient Tradelink announced that Mukesh Bhatnagar has been appointed as Chief Executive Officer of the Company with effect from 09 May 2017.

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Shankara Building Products opens its 110th store
May 10,2017

Shankara Building Products announced the opening of its 110th store under the Shankara Buildpro brand. The store has been opened in Chikkamagalore, in the state of Karnataka. With this new store, the Companys retail presence spans across a total area of 3,95,770 sq. ft.

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Magma Fincorp allots 14000 equity shares
May 10,2017

Magma Fincorp has allotted 14,000 Equity Shares of face value of Rs. 2/- each at a price of Rs. 60/- per share (including premium of Rs. 58/- per share) to the eligible employees of the Company under Magma Employee Stock Option Plan 2007 (the Scheme) at their meeting held on 10 May 2017.

Pursuant to this allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased to Rs. 47,39,47,344/- (Rupees Forty Seven Crores Thirty Nine Lakhs Forty Seven Thousand and Three Hundred Forty Four only) consisting of 23,69,73,672 Nos. (Twenty Three Crores Sixty Nine Lakhs Seventy Three Thousand and Six Hundred Seventy Two) of Equity Shares of Rs. 2/- each

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Hero MotoCorp to pay final dividend
May 10,2017

Hero MotoCorp announced that final dividend @1500% viz. Rs. 30/- per equity share for financial year 2016-17, if declared at the ensuing AGM, will be paid by 10 August 2017.

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