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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 Parsharti Investment to consider December quarter results
Jan 07,2017

Parsharti Investment announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017, inter alia, to consider the following:

- To take on the record the Unaudited Financial Results for the quarter ended 31 December 2016.

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Sylph Education Solutions appoints company secretary & compliance officer
Jan 07,2017

Sylph Education Solutions announced that the Board has appointed Chhaya Lakhmam as Company Secretary & Compliance Officer of the company with effect from 07 January 2017 and appointment is made in accordance with the provision of sec 203 of Companies Act, 2013.

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Spicy Entertainment & Media to hold EGM
Jan 07,2017

Spicy Entertainment & Media announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 02 February 2017.

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KDDL gets ratings assigned for various debt facilities
Jan 07,2017

KDDL announced that CRISIL has assigned the credit rating for a Long Term Bank Facilities as CRISIL BBB-/Stable, for Short Term Bank Loan facilities as CRISIL A3 and for Fixed Deposits programme as FA-/Stable (reaffirmed).

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KDDL gets ratings assigned for various debt facilities
Jan 07,2017

KDDL announced that CRISIL has assigned the credit rating for a Long Term Bank Facilities as CRISIL BBB-/Stable, for Short Term Bank Loan facilities as CRISIL A3 and for Fixed Deposits programme as FA-/Stable (reaffirmed).

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Speciality Restaurants opens Sweet Bengal confectionery store in Mumbai
Jan 07,2017

Speciality Restaurants announced that the Company has opened a new Sweet Bengal confectionery located at Shop Nos. 4 & 5, Oshiwara Lotus Co-operative Housing Society Limited, Building No. 12, Plot No. 50, MHADA Complex, Oshiwara, Andheri West, Mumbai - 400053 with effect from 07 January 2017.

Accordingly, as of 07 January 2017, the total number of restaurants and confectionaries of the Company are 107 (including 25 franchise restaurants) and 18 respectively.

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Speciality Restaurants opens Sweet Bengal confectionery store in Mumbai
Jan 07,2017

Speciality Restaurants announced that the Company has opened a new Sweet Bengal confectionery located at Shop Nos. 4 & 5, Oshiwara Lotus Co-operative Housing Society Limited, Building No. 12, Plot No. 50, MHADA Complex, Oshiwara, Andheri West, Mumbai - 400053 with effect from 07 January 2017.

Accordingly, as of 07 January 2017, the total number of restaurants and confectionaries of the Company are 107 (including 25 franchise restaurants) and 18 respectively.

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Agenda for board meeting of Vora Constructions
Jan 07,2017

Vora Constructions announced that a meeting of the Board of Directors of the Company will be held on 14 January 2017, inter alia, to consider the following:

1. To change the Registered Office of the Company.

2. To consider raising fund for working capital requirements and mode of raising funds.

3. To review the existing business activities and to consider enhancement of NBFC activities.

4. To consider appointment of Company Secretary for the Company.

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Agenda for board meeting of Vora Constructions
Jan 07,2017

Vora Constructions announced that a meeting of the Board of Directors of the Company will be held on 14 January 2017, inter alia, to consider the following:

1. To change the Registered Office of the Company.

2. To consider raising fund for working capital requirements and mode of raising funds.

3. To review the existing business activities and to consider enhancement of NBFC activities.

4. To consider appointment of Company Secretary for the Company.

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The Automotive Sector Can Transform South Asia Economically
Jan 07,2017

A new World Bank study that examines a range of factors affecting South Asian++s competitiveness in the automotive sector, notes that the region has the potential for greater global competitiveness in many different sectors but must pursue multiple policies to perform as well as other comparable regions, such as East Asia.

With more than 19 million jobs connected directly and indirectly to the automotive sector, India is the South Asian leader in that industry. (Pakistan follows with 2.5 million automotive-related jobs.) India-based auto parts manufacturers have acquired the technical and managerial skills from leading original equipment manufacturers (OEMs) established in India and a growing ability to meet the needs of disparate and discerning customers in competitive export markets. Increased opportunity to co-locate with their global customers for the right reasons will deepen these skills.

India has done very well in the past decade but has a distance to travel before it can fully contend with other major global exporters in the auto sector. It is the worlds sixth largest auto producer by volume, but it owns less than 1 percent of global export markets compared with more than 3 percent for China, 4.5 percent for Korea and 7 percent for Mexico. The average auto firm in India exported only 5 percent of its total sales, compared to 16 percent in China, said Priyam Saraf, Lead Author of the automotive case study.

A few leading global automotive parts manufacturers have already moved their research and development (R&D) centers to India, such as Bosch, which conducts most of its global R&D with 15,000 workers in Bangalore. Others- including BMW, Mercedes, Renaultn++\Nissan, Volvo, GM, Ford and Honda- are gaining the confidence to do the same soon. As they do, there is likely to be further growth and sophistication in the countrys related electronics, machining and tooling sectors, as well.

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Vertex Securities to announce December quarter results
Jan 07,2017

Vertex Securities announced that a Meeting of the Board of Directors of the Company will be held on 28 January 2017, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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RBI imposes penalty on Lakshmi Vilas Bank
Jan 07,2017

Lakshmi Vilas Bank announced that the Reserve Bank of India (RBI) has imposed penalty amounting to Rs. 3 crore, in exercise of powers conferred under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulations Act, 1949 for the contraventions of various guidelines/directions of the RBI in respect of opening of current accounts without obtaining No-objection Certificate (NOC), extending bill discounting facilities to non-constituents and walk-in customers and non-adherence to KYC norms.

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Agenda for board meeting of M3 Global Finance
Jan 07,2017

M3 Global Finance announced that a meeting of Board of Directors of the company will be held on 11 January 2017 to discuss the following agenda -

Appointment of Auditors
Increase in Authorised Capital and amendment of MoA
Considering proposal of fund raising through preferential allotment
Change in registered office
Considering approval of an ESOP scheme.

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JM Financial to announce Q3 and 9M results
Jan 07,2017

JM Financial announced that a meeting of the Board of Directors is convened on 23 January 2017, inter alia, to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the third quarter and nine months ended 31 December 2016.

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Aurobindo Pharma announces plans to acquire Generis Farmaceutica SA in Portugal
Jan 07,2017

Aurobindo Pharma announced that its wholly owned step down subsidiary - Agile Pharma B.V, Netherlands has entered into an agreement to acquire 100% shareholding in Generis Farmaceutica S.A., a Portuguese Pharmaceutical company engaged in the manufacture and marketing of pharmaceutical products in Portugal. The cost of acquisition is Euro 135 million. The acquisition includes the manufacturing facility in Amadora, Portugal, which has the capacity to manufacture 1.2 billion tablets/ capsules/ sachets annually.

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