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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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Mindtree named a Top 15 Sourcing Service Provider
Nov 23,2016

Mindtree announced it has been named a Top 15 Sourcing Standout byInformation Services Group (ISG), a leading technology insights, market intelligence and advisory services company.

Mindtree was among the leading providers in the Breakthrough 15 category for the EMEA and Americas regions based on annual contract value won over the last 12 months, according to the 3Q 2016 GlobalISG Indexn++.

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Infosys signs definitive agreement to invest in Stellaris Venture Partners
Nov 23,2016

Infosys announced that it has signed a definitive agreement to aLimited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris fund. The investment is expected to complete by 15 December 2016.

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Standard Capital Markets director resigns
Nov 23,2016

Standard Capital Markets has received resignation intimation from Kapoor Chand Gupta wherein he has resigned from the Board of the Company as Non-executive director with immediate effect and as requested the same shall be placed before board of directors in the next board meeting.

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Polymac Thermoformers appoints compliance officer
Nov 23,2016

Polymac Thermoformers announced that the Company has appointed Neha Pansari (formally known as Neha Kheria) as its Compliance Officer as per Sebi (Lodr) Regulations,2015 in its board meeting held on 23 November 2016.

Further the Company has informed that, the Surname of Company Secretary has been changed from Kheria to Pansari after marriage and the necessary changes has been made in ICSI website and in MCA portal.

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Eros International Media allots equity shares
Nov 23,2016

Eros International Media announced that the Nomination & Remuneration Committee vide its resolution passed on 23 November 2016 have approved the issue and allotment of 118,075 equity shares of Rs. 10/- each to the employees against exercise of stock options granted to them, in accordance with SEBI (ESOS & ESPS) Guidelines 1999 & Eros International Media Limited- Employee Stock Option Scheme 2009.

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Board of Zee Entertainment Enterprises approves acquisition of General Entertainment Television Broadcasting Undertakings
Nov 23,2016

Zee Entertainment Enterprises announced that the Board of Directors of the Company at a meeting held on 23 November 2016 has approved the acquisition of General Entertainment Television Broadcasting Undertakings from Reliance Big Broadcasting (transferor 1), Big Magic (transferor 2) and Azalia Broadcast (transferor 3) - all of these forming part of Anil Ambani led Reliance Group.

The consideration payable by the Company for the proposed acquisition shall be by way of taking over off debt of the demerged undertakings aggregating to Rs 295 crore and issuance of unlisted preference shares aggregating Rs 3.95 crore to the shareholders of transferor companies.

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Contract Signed with International Seabed Authority for Exploration of Polymetallic Sulphides in Indian Ocean in September this year
Nov 23,2016

A contract was signed with International Seabed Authority for Exploration of Polymetallic Sulphides in Indian Ocean on 26th September, 2016 in New Delhi. The contract provides India the exclusive rights of exploration in the area near the Rodridgues Tripple Junction in the southern part of Central India ridge and a part of South-West Indian ridge.

The plan for the survey and exploration along with the environmental baseline for the first five years includes the acquisition of multi-beam bathymetric data, seabed characterization, collection of sediment and rock samples, water column sampling followed by data processing, analysis and interpretation.

Majestic Research Services & Solutions gets RoC approval for Red Herring Prospectus filed for Further Public Issue
Nov 23,2016

Majestic Research Services & Solutions announced that the Company has received approval from Registrar of Companies (ROC), Karnataka, Bangalore on 22 November 2016 for Red Herring Prospectus dated 16 November 2016 filed for Further Public Issue of Equity Shares of face value of Rs. 10/- each for cash under Book Built Issue.

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Nitin Fire Protection Industries director resigns
Nov 23,2016

Nitin Fire Protection Industries announced that Ramakant Madhav Nayak has intimated his resignation from the directorship of the Company. He also resigned from directorship / chairmanship of various committees.

The resignation of Ramakant Nayak, Independent Director from the Board of Directors of the Company was accepted with effect from 23 November 2016.

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Jaypee Infratech appoints director
Nov 23,2016

Jaypee Infratech announced that the Board of Directors of the Company has approved the appointment of Sham Lal Mohan as an Additional Director (Independent) w.e.f. 23 November 2016 on the Board of Directors of the Company by passing a resolution by circulation on 22 November 2016.

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Navkar Corporation provides update on subsidiary Navkar Terminals
Nov 23,2016

Navkar Corporation announced that its subsidiary, Navkar Terminals, vide an e-mail dated 22 November 2016 has written to Kribhco Infrastructure (KRIL) for termination of the Agreement dated 02 June 2016 for operation and management of KRILs Container Freight Station (CFS)/ICD and Handling of Container Trains at Hazira Terminal, Gujarat, by Navkar Terminals.

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Welspun Corp appoints MD and CEO
Nov 23,2016

Welspun Corp announced the appointment of Lalit Naik as Managing Director and CEO- designate of the Company with effect from 01 December 2016.

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Power Grid Corporation of India to consider private placement of bonds
Nov 23,2016

Power Grid Corporation of India announced that a meeting of Committee of Directors for Bonds is planned to be held on 28 November 2016 to consider issue of Secured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Bonds (Debenture) under private placement.

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Board of Oil India to consider bonus issue
Nov 23,2016

Oil India announced that the Board would also inter alia consider n++Issue of Bonus Sharesn++ in the Board Meeting scheduled to be held on 28 November 2016

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Rupee drops
Nov 23,2016

Rupee continued to pitch lower to close at 68.56/57 per dollar on Wednesday (23 November 2016), versus its previous close of 68.2079/2220 per dollar.

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