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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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State Bank of Travancore revises MCLR rates
Feb 28,2017

State Bank of Travancore has revised the Marginal Cost of Funds based Lending Rates (MCLR) to be effective from 01 March 2017. The following are the revised MCLR rates -

Overnight - 7.95%
One month - 8.15%
Three month - 8.25%
Six month - 8.40%
One year - 8.55%
Two year - 8.60%
Three year - 8.65%

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Board of Electrosteel Castings approves private placement of NCDs aggregating Rs 200 crore
Feb 27,2017

Electrosteel Castings announced that the Banking and Authorisation Committee of the Board of Directors of the Company at its meeting held on 27 February 2017, inter alia, has approved the issuance of debt securities in the nature of Unlisted Secured Redeemable Non-Convertible Debentures in two series ie. Series VI and Series VII aggregating Rs 200 crore on private placement basis.

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Board of Proaim Enterprises approves resignation of CFO
Feb 27,2017

Proaim Enterprises announced that Meeting of the Board of Directors of the Company was held on 27 February 2017. The Board considered and approved the Resignation of Chief Financial Officer of the Company w.e.f. 27 February 2017.

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KMF Builders & Developers appoints director
Feb 27,2017

KMF Builders & Developers announced that the Board of Directors of the Company at its meeting held on 27 February 2017 have approved the appointment of Aniruddh Singh as Independent Director of the Company with effect from 27 February 2017.

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Board of Magma Fincorp approves sale of NPAs upto Rs 600 crore
Feb 27,2017

Magma Fincorp announced that the Management Committee of the Board of Directors of the Company (which has been duly authorized in this regard) at its meeting held on 27 February 2017, has approved sale of Non-Performing Assets of the Company in one or more tranches from time to time, up to a maximum total amount of Rs. 600 crore.

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Merck to hold AGM
Feb 27,2017

Merck announced that the Annual General Meeting (AGM) of the company will be held on 4 May 2017.

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Board of Generic Engineering Construction & Projects approves change in directorate
Feb 27,2017

Generic Engineering Construction & Projects announced that the Board of Directors of the Company at its meeting held on 27 February 2017 approved the following -

Appointment of -
Manish Patel and Tarak Gor as Executive Directors
Rajesh Ladhad as Independent Director

Resignation of -
Ravindra Mishra as Managing Director
Deepak Mehta as Director and CFO
Paresh Pathak as Independent Director

The Board also approved change in registered office to 201&202, Fitwell House, 2nd Floor, Opp Home Town, LBS Road, Vikhroli -West, Mumbai - 400083.

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Coal India provides update on subsidiary - South Eastern Coalfields
Feb 27,2017

Coal India announced that the Board of Directors of the its subsidiary, South Eastern Coalfields at its meeting held on 27 February 2017 has considered and approved the buyback of 150443 equity shares of face value of Rs 1000 each from the members of South Eastern Coalfields (representing 4.1825% of the paid up equity share capital) for an aggregate amount not exceeding Rs 1200.19 crore being 17.69% of the paid up equity share capital and free reserves at a price of Rs 79,777 per equity share, subject to approval of shareholders of South Eastern Coalfields.

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Tata Communications introduces NetFoundry platform
Feb 27,2017

Tata Communications through its flagship innovative programme, Shape the Future has introduced the NetFoundry platform, a business that reinvents networking for the hyper connected era at Mobile World Congress this year.

The NetFoundry platform enables enterprises to obtain the security and performance of a private network, while benefiting from the economics and agility of the Internet - enabling enterprises to securely and reliably extend applications from edge to core to public and private clouds, using Internet access. Leveraging APIs, web consoles and standard DevOps tools such as Jenkins and Ansible, instead of proprietary network management tools, enterprises are able to deploy and manage software defined networks (SDN) in the same manner in which they spin upvirtual machines.

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Arvind receives revision in credit ratings for bank facilities
Feb 27,2017

Arvind announced that Credit Analysis & Research (CARE) has revised its rating for Arvind as under:

1. For Long-Term Bank facilities: Revised From CARE AA- (Double A Minus) to CARE AA (Double A);

2. For Short-Term Bank facilities: Reaffirmed CARE A1+ (A One Plus).

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Jain Irrigation Systems-DVR to hold EGM
Feb 27,2017

Jain Irrigation Systems-DVR announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 March 2017 .

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Jain Irrigation Systems to hold EGM
Feb 27,2017

Jain Irrigation Systems announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 March 2017 .

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Karnataka Bank intimates of bank strike
Feb 27,2017

Karnataka Bank announced that the United Forum of Bank Unions, to which the officers and workmen unions of our Bank are affiliated, has given a call for Bank Strike on 28 February 2017.

If the Strike call materialises, Bank employees may take part in the proposed strike on the said date, in which case the normal working of the branches/ offices of the Bank may get affected during the day.

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Chadha Papers to hold EGM
Feb 27,2017

Chadha Papers announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 March 2017 .

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Goldstone Infratech secured order for Rs 47.75 crore
Feb 27,2017

Goldstone Infratech has bagged its second order for supply of 25 Pure Electric Buses to Himachal Road Transport Corporation, Shimla, at a price of Rs 47.75 crore excluding AMC charges.

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