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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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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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OnMobile Global gains on plans to unveil new product portfolio
Oct 19,2016

The announcement was made during market hours today, 19 October 2016.

Meanwhile, the S&P BSE Sensex was down 72.36 points or 0.26% at 27,980.17.

High volumes were witnessed on the counter. On BSE, so far 2.05 lakh shares were traded in the counter as against average daily volume of 88,548 shares in the past one quarter. The stock hit a high of Rs 126.50 and a low of Rs 122.80 so far during the day. The stock had hit a 52-week high of Rs 140.80 on 1 December 2015. The stock had hit a 52-week low of Rs 89.80 on 18 January 2016. The stock had outperformed the market over the past one month till 18 October 2016, gaining 13.05% compared with 1.92% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.92% as against Sensexs 1.1% rise.

The mid-cap company has equity capital of Rs 104.27 crore. Face value per share is Rs 10.

OnMobile Global added that a press note in this regard will be issued later in the day after the event.

OnMobile Global reported consolidated net profit of Rs 9.33 crore for Q1 June 2016 as against net loss of Rs 6.57 crore for Q1 June 2015. The companys consolidated net sales declined 6.5% to Rs 188.61 crore in Q1 June 2016 over Q1 June 2015.

OnMobile Global, headquartered in Bangalore and with offices across the globe, delivers over 500 million music plays daily to mobile users worldwide.

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Allahabad Bank gains after allotment of shares to Government of India
Oct 19,2016

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

Meanwhile, the BSE Sensex was down 54.51 points, or 0.19%, to 27,996.37

On BSE, so far 98,500 shares were traded in the counter, compared with an average daily volume of 4.59 lakh shares in the past one quarter. The stock hit a high of Rs 76.05 and a low of Rs 75.10 so far during the day. The stock hit a 52-week high of Rs 88.25 on 7 September 2016. The stock hit a 52-week high of Rs 39.50 on 12 February 2016.

The mid-cap bank has an equity capital of Rs 723.03 crore. Face value per share is Rs 10.

Allahabad Bank reported net loss of Rs 564.96 crore in Q1 June 2016 as against net profit of Rs 146.86 crore in Q1 June 2015. Total income declined 5.07% to Rs 5122.91 crore in Q1 June 2016 over Q1 June 2015.

Government of India holds 67.21% stake in Allahabad Bank (as on 30 June 2016).

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PC Jeweller gains after opening new showroom
Oct 19,2016

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

Meanwhile, the S&P BSE Sensex was down 50.30 points or 0.18% at 28,000.58.

On BSE, so far 13,383 shares were traded in the counter as against average daily volume of 33,672 shares in the past one quarter. The stock hit high of Rs 510.80 and low of Rs 500.95 so far during the day. The stock had hit a record high of Rs 531 on 15 September 2016. The stock had hit a 52-week low of Rs 296.10 on 29 February 2016. The stock had outperformed the market over the past one month till 18 October 2016, gaining 1.65% compared with 1.92% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 30.14% as against Sensexs 1.1% rise.

The large-cap company has equity capital of Rs 436.47 crore. Face value per share is Rs 10.

PC Jeweller said that the new showroom is located at B-21-22, KPG Tower, R. D. C, Raj Nagar, Ghaziabad (UP). This is companys 67th showroom in India and 18th showroom in Delhi NCR. The showroom exhibits large collection varieties of gold, diamond & silver jewellery.

To make this launch even more special for jewellery enthusiasts, PC Jeweller has announced special discounts and schemes on both diamond and gold jewellery, where any customer who buys diamond jewellery will get up to 20% discount, Customers who prefer to buy gold jewellery will get a discount up to 20% on the making charges. The scheme is available exclusively at the Raj Nagar, Ghaziabad showroom from 16 October to 6 November 2016. On the occasion, the company announced a chance to win a bumper gift of Nissan Redi-Go Car on some purchases.

Net profit of PC Jeweller rose 31.2% to Rs 106.59 crore on 10.2% rise in net sales to Rs 1664.45 crore in Q1 June 2016 over Q1 June 2015.

PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector.

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IDBI Bank to hold board meeting
Oct 19,2016

IDBI Bank will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the un-audited financial results of the Bank for the quarter and half year ended September 30, 2016 (Q2) subject to a Limited Review by the Statutory Auditors.

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Themis Medicare to hold board meeting
Oct 19,2016

Themis Medicare 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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Suraj to hold board meeting
Oct 19,2016

Suraj will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve Financial Results for the quarter ended September 30, 2016 along with the other routine business.

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Arvind Infrastructure to hold board meeting
Oct 19,2016

Arvind Infrastructure will hold a meeting of the Board of Directors of the Company on 26 October 2016 to approve and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the 2nd quarter and half year ended on September 30, 2016.

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Ajmera Realty & Infra India to hold board meeting
Oct 19,2016

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 24 October 2016.

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