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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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Caplin Point Laboratories to hold board meeting
Oct 19,2016

Caplin Point Laboratories will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider, approve and take on record the Un-audited Financial Results for the quarter/half year ended September 30, 2016.

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Binny Mills to hold board meeting
Oct 19,2016

Binny Mills will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and approve the unaudited financial results for the quarter ended September 30, 2016.

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Gujarat Themis Biosyn to hold board meeting
Oct 19,2016

Gujarat Themis Biosyn will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve the unaudited Financial Results for the quarter ended on September 30, 2016.

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Himalya International to hold board meeting
Oct 19,2016

Himalya International will hold a meeting of the Board of Directors of the Company on 27 October 2016 To consider un-audited results for the quarter ended September 30, 2016.

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Provestment Services to hold board meeting
Oct 19,2016

Provestment Services will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider the Unaudited Quarterly financial results of the Company for the quarter ended on September 30, 2016 and to consider and explore the new Trading activity.

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Chokhani Global Express to hold board meeting
Oct 19,2016

Chokhani Global Express will hold a meeting of the Board of Directors of the Company on 18 October 2016.

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Sylph Technologies to hold board meeting
Oct 19,2016

Sylph Technologies will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve Audited Financial Results for the quarter and half year ended September 30, 2016.

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Thomas Cook (India) to hold board meeting
Oct 19,2016

Thomas Cook (India) will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider the unaudited financial results of the Company for the second quarter and half year ended September 30, 2016.

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Commerce and Industry Minister launches the CIPAM Logo
Oct 19,2016

The logo of the Cell for IPR Promotion and Management (CIPAM) was launched today by the Commerce & Industry Minister Smt. Nirmala Sitharaman. On the occasion she said that this is an ambitious task as Indias intellectual property related activities need great traction.

The logo has been designed keeping in mind the slogan of the National IPR Policy: n++Creative India, Innovative Indian++. While the logo stands for n++Cell for IPR Promotion and Managementn++, the letters n++In++ and n++Pn++ have been stylized to represent n++Intellectual Propertyn++ as well.

The letter n++In++ stands for Intellectual, and is represented by a pencil, denoting the expression of creativity, and in the tri-colours of the Indian flag. The curve of the letter n++Pn++ stands for Property, and is denoted by a gear which depicts Innovation and Industry.

Cell for IPR Promotion and Management (CIPAM) has been created as a professional body under the aegis of DIPP to take forward the implementation of the National IPR Policy that was approved by the Government in May 2016, with the slogan - n++Creative India; Innovative India: रचनात्मक भारत; अभिनव भारतn++

CIPAM is working towards creating public awareness about IPRs in the country, promoting the filing of IPRs through facilitation, providing inventors with a platform to commercialize their IP assets and coordinating the implementation of the National IPR Policy in collaboration with Government Ministries/Departments and other stakeholders.

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Garden Silk Mills surges on fund raising plans
Oct 19,2016

The announcement was made after market hours yesterday, 18 October 2016.

Meanwhile, the S&P BSE Sensex was down 39.49 points or 0.14% at 28,011.39.

High volumes were witnessed on the counter. On BSE, so far 5.42 lakh shares were traded in the counter as against average daily volume of 20,053 shares in the past two weeks. The stock was locked at a high of Rs 38.55 in intraday trade. The stock hit a low of Rs 34.05 so far during the day. The stock had hit a 52-week high of Rs 41.20 on 11 July 2016. The stock had hit a 52-week low of Rs 21 on 29 March 2016. The stock had outperformed the market over the past one month till 18 October 2016, gaining 3.21% compared with 1.92% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 13.46% as against Sensexs 1.1% rise.

The small-cap company has equity capital of Rs 42.08 crore. Face value per share is Rs 10.

Garden Silk Mills announced that a meeting of the board of directors of the company will be held on 25 October 2016, to consider the proposal for raising of funds aggregating to Rs 30 crore by issue of convertible share warrants/convertible securities in favour of promoter/ promoter group of the company upon such terms and conditions as may be deemed appropriate by the board.

Garden Silk Mills reported consolidated net loss of Rs 24.07 crore in Q1 June 2016 compared with consolidated net loss of Rs 25.72 crore in Q1 June 2015. Net sales fell 1.7% to Rs 601.58 crore in Q1 June 2016 over Q1 June 2015.

Garden Silk Mills is engaged in design and creation of high-quality textile prints, fabrics and textile intermediates for consumers and businesses.

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Graviss Hospitality to hold board meeting
Oct 19,2016

Graviss Hospitality will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider and approve the standalone and consolidated Un-Audited Financial Results of the Company for the Quarter and Half-Year ended September 30, 2016 .

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Intellect Design Arena provides business update
Oct 19,2016

Intellect Design Arena announced that it achieved a new benchmark for its Algorithmic Liquidity Management (ALM) solution achieving 10 times faster processing on Liquidity Platform running on SPARC T7 Servers. This Global Transaction Banking (iGTB) solution can process over one million complex sweep structure at 7516 instructions per second. It is also capable of processing over 200000 transactions with up to three months back dated sweep in little over three minutes; and over a million with full intercompany loan processing in nine minutes (1692 per second).

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Valecha Engineering appoints company secretary and compliance officer
Oct 19,2016

Valecha Engineering announced that Vijaykumar H. Modi has been appointed as Company Secretary & Legal and Compliance Officer.

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Havells India drops as Q2 net profit boosted by other income
Oct 19,2016

The net profit was boosted by 158.16% surge in other income to Rs 25.30 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 18 October 2016.

Meanwhile, the BSE Sensex was down 48.07 points, or 0.17%, to 28,002.81

On BSE, so far 1.42 lakh shares were traded in the counter, compared with an average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 434 and a low of Rs 421.20 so far during the day. The stock hit a record high of Rs 459.80 on 6 October 2016. The stock hit a 52-week low of Rs 235.60 on 9 November 2015. The stock had underperformed the market over the past 30 days till 18 October 2016, rising 4.37% compared with Sensexs 2.04% fall. The scrip outperformed the market in past one quarter, advancing 17.8% as against Sensexs 0.48% rise.

The large-cap company has an equity capital of Rs 62.49 crore. Face value per share is Re 1.

Havells India is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.

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Shopping malls facing up to e-commerce challenge: ASSOCHAM
Oct 19,2016

Faced with heavy discounts from e-commerce, shopping mall owners in major cities are shaping back, going aggressive in the run up to Diwali offering freebies and easy finance options, hoping to win back the footfalls and increase their business by at least 45-50 per cent in the ongoing festive season as compared to similar period last year, an ASSOCHAM paper has noted.

Armed with new sales strategy of giving a shopping and festive feel to the consumers, the malls in Delhi -NCR, Mumbai, Jaipur, Chandigarh, Hyderabad, Ahmedabad, Bengaluru and Chennai have already started seeing increased activity while Diwali still 10 days away, as per the feedback received from the retailers.

This is also attributable to the malls, which had come under the twin pressure of slowdown and e-commerce onslaught by way of deep discount, getting their promotional marketing right. Many of them have tied up with the manufacturers of consumer durables and fashion wears for tempting schemes with easy finance options like TV, refrigerators, off-season AC sale and even high end mobile phone handsets.

In any case, there is a better market experience this festive season, which is expected to give a leg-up to the consumer sentiment, ASSOCHAM Secretary General Mr D S Rawat said.

The ASSOCHAM study is conducted based on responses from 750 leasing managers, management representatives of malls, strategists, marketers and supervisors in Delhi-NCR, Mumbai, Ahmedabad, Chennai, Kolkata, Hyderabad, Bengaluru, Chandigarh and Dehradun.

The study noted that most of the retailers and consumer durable goods makers were upbeat about brisk business during the third quarter and therefore increased their overall marketing budget by about 30 percent to 40 percent for this period alone. They plan to conduct these promotional activities until early January, it added.

Some malls in national capital New Delhi reported record business on weekends as buyers rushed to get clothes, food, jewellery and cosmetics for Diwali celebrations. In value terms, the growth is 20 percent higher than the previous year while in volume terms it could be around 10-15 percent higher, reveal the mall managers.

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