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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 Shriram Transport Finance Company recommends dividend
Oct 25,2016

Shriram Transport Finance Company announced that the Board of Directors of the Company at its meeting held on 25 October 2016, inter alia, have recommended the dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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SNS Textiles to hold board meeting
Oct 25,2016

SNS Textiles will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and take on record the Unaudited Financial Results for the quarter ended on September 30, 2016

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Lakshmi Automatic Loom Works to hold board meeting
Oct 25,2016

Lakshmi Automatic Loom Works will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider the Unaudited Financial Results for the Quarter Ended September 30, 2016.

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Mahashree Trading to hold board meeting
Oct 25,2016

Mahashree Trading will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider The Unaudited Financial Results of the Company for the 2nd Quarter ended September 30, 2016.

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Radico Khaitan to hold board meeting
Oct 25,2016

Radico Khaitan will hold a meeting of the Board of Directors of the Company on 4 November 2016 for taking on record the Unaudited Financial Results for the quarter ended September 30, 2016.

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Hindustan Motors to hold board meeting
Oct 25,2016

Hindustan Motors will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Results of the Company for the Second Quarter ended September 30, 2016.

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Fiberweb (India) to hold board meeting
Oct 25,2016

Fiberweb (India) will hold a meeting of the Board of Directors of the Company on 2 November 2016 To decide about 100% subsidiary Company at free trade zone in U.A.E.

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Bharat Agri Fert & Realty to hold board meeting
Oct 25,2016

Bharat Agri Fert & Realty will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider the Un-audited Financial Results for the Half Year Ended September 30, 2016.

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Amforge Industries to hold board meeting
Oct 25,2016

Amforge Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and take on record the Un-audited Financial Results of the Company for the quarter ended on September 30, 2016.

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Jyothy Laboratories allots equity shares
Oct 25,2016

Jyothy Laboratories announced that the ESOP Allotment Committee of Board of Directors of the Company at its meeting held on October 25, 2016 has issued and allotted 35,266 (Thirty Five Thousand Two Hundred Sixty Six) Equity Shares of face value of Re.1/- each of the Company under n++Jyothy Laboratories Employees Stock Options Scheme 2014 (ESOS 2014) to the eligible employees of the Company.

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Nestle India launches Nescage Ready-to-Drink
Oct 25,2016

Nestle India has recently launched Nescafe Ready-to-Drink. These beverages are available in three flavours - Chilled Latte, Hazelnut and Intense Cafn++. Priced at Rs 30 for 180 ml tetra packs, Nescafe delivers the cold coffee experience in easy to carry packs.

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Dhunseri Tea & Industries gets reaffirmation in credit ratings for bank facilities
Oct 25,2016

Dhunseri Tea & Industries announced that the Credit Analysis & Research (CARE) has since reviewed the long term bank facilities - fund based facility of Rs.67 crore and non-fund based facility of 58.11 crore availed by the Company and reaffirmed the credit rating of CARE A+ (Single A plus) to the Company.

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Thrust on Increasing Productivity of Oilseeds and Pulses to meet the Nations requirement: Shri Radha Mohan Singh
Oct 25,2016

The Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh outlined the thrust of the Agriculture Ministry for increasing the productivity of oilseeds and pulses to achieve self sufficiency. Addressing the Members of the Consultative Committee attached to the Ministry of Agriculture this morning, Shri Radha Mohan Singh said that Indian Council of Agricultural Research and the Ministry of Agriculture and Farmers Welfare will jointly work on a two-pronged approach of productivity enhancement and increasing production through area expansion for meeting the shortage of pulses.

As regards oilseeds the Minister said that the Indian Council of Agricultural Research (ICAR) is having research programmes for nine annual oilseeds crops at four commodity based research institutes. The Minister pointed out that there has been a technological breakthrough in oilseeds and a number of climate resilient high yielding varieties/hybrids of oilseeds has been notified for cultivation and increasing the productivity. He was confident that by adopting the already available technologies yield of nine oilseeds crops could be increased.

Shri Radha Mohan Singh informed the Members that India has a number of oil yielding species of plant origin which include the nine annuals, two perennials (oil palm and coconut) and some minor oil bearing species of forest and tree origin.

Among the nine annual oilseed crops, groundnut, rapeseed-mustard, soybean, sunflower, sesame, Niger and safflower are used for edible purpose and castor and linseed are the non-edible vegetable oil.

Soybean contributes largest (36%) to the total oilseed production followed by groundnut, rapeseed- mustard, castor, sesame, sunflower, linseed, safflower and Niger. India is the largest producer of castor and dominates in global castor oil trade. The growth rate of edible oil consumption has increased at 4.3% while the annual oilseeds production increased at about 2.2%, thus necessitating the import of edible oils. The country has to import more than 50% of edible oil. Last year edible oils to the tune of Rs 69,717 crores were imported to meet the domestic demand.

To meet the annual consumption of vegetable oil in the country by 2020 and 2025 (which is expected to reach 16.43 kg. and 16.98 kg per capita) it has been estimated that oilseed production to the tune of 86.84 and 93.32 Mts would be required by 2020 and 2025 respectively.

The Minister said that in order to make country self sufficient in vegetable oil, the productivity enhancement programme for oilseeds may also require institutional and policy support in a campaign mode besides technological support from ICAR.

As regards pulses the Minister said that ICAR is engaged in development of high yielding varieties/hybrids and associated crop production and protection technologies of various pulse crops through coordination with Indian Institute of Pulse Research, Kanpur and participation of the State Agricultural Universities, State Departments of Agriculture and other Institutes. Technological breakthrough in pulses in terms of notification of high yielding and pest/disease tolerant crop varieties/hybrids has been achieved.

At the farmers fields, the frontline demonstrations (FLDs) on pulses recorded productivity gap of 15% due to non-adoption of improved variety of pulses and up to 34% due to non-adoption of the whole package of technology. It is estimated that by bridging this whole package productivity gap of 34% at the farmers fields, the national pulses production can be increased from 17.62 mt (average of triennium ending 2015-16) to 23.61 mt without bringing any additional area under them and that would be enough to make the country self-sufficient in pulses for the time being. The Minister said that it is proposed to cover 500 kvks through field demonstration for increasing pulses cultivation from the earlier 400 Kvks. The Minister also said that 100 seed hubs have been sanctioned for breeder seeds.

The Minister said that in order to reach self-sufficiency by the year 2025 productivity per hectare needs to be enhanced to about 1000 kg per hectare. A road map to achieve production of 20 mt pulses in 2016-17, 21 mt in 2017-18 and 24 mt in 2020-21 as against 16.47 mt production in 2015-16 has been envisaged with a comprehensive action plan under centrally sponsored scheme of National Food Security Mission (NFSM).

It may be recalled that pulses production registered a remarkable increase from 14.76 million tons (mt) in 2007-08 to a record level of 19.25 mt in 2013-14. This could be possible due to a cumulative effect of scientific interventions in the form of development of new varieties & technologies, good weather conditions and policy support. However during the last two years, there was a decline in production, mainly due to climate adversities. In 2014-15, the production was recorded at 17.15 mt while during 2015-16 it was 16.47 million tons, well short of the current domestic requirement of about 22 mt., as a result, 5.80 mt of pulses worth Rs. 18000. crores were imported during 2015-16. Intervening in the discussion the Minister explained that the para-meters for drought relief under National Disaster Relief Fund have been changed but it is for the States to send a memorandum for seeking drought reliefs. The minister also emphasized the need for greater mechanization in harvesting of pulses and oilseeds to prevent harvest loss.

Members cutting across party lines complimented the Minister for the new thrust on farmers welfare and the steps being taken by the NDA government to increase agricultural production especially in pulses and oilseeds.

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Rane Brake Lining standalone net profit rises 152.70% in the September 2016 quarter
Oct 25,2016

Net profit of Rane Brake Lining rose 152.70% to Rs 9.83 crore in the quarter ended September 2016 as against Rs 3.89 crore during the previous quarter ended September 2015. Sales rose 3.22% to Rs 112.74 crore in the quarter ended September 2016 as against Rs 109.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.74109.22 3 OPM %13.389.91 - PBDT16.6410.16 64 PBT11.845.41 119 NP9.833.89 153

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Adani Ports & Special Economic Zone standalone net profit declines 13.48% in the September 2016 quarter
Oct 25,2016

Net profit of Adani Ports & Special Economic Zone declined 13.48% to Rs 916.67 crore in the quarter ended September 2016 as against Rs 1059.51 crore during the previous quarter ended September 2015. Sales declined 16.97% to Rs 1277.92 crore in the quarter ended September 2016 as against Rs 1539.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1277.921539.07 -17 OPM %77.4978.53 - PBDT1068.571211.83 -12 PBT935.261079.80 -13 NP916.671059.51 -13

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