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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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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Maternity Benefit (Amendment) Act,2017 relating to crn++che facility {Section 4(1)} would come into force from 01 July 2017
May 08,2017

Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crn++che facility {Section 4(1)} which would come into force from 01 July 2017.

Keeping in view queries received from various quarters, the Ministry of Labour & Employment, on 12 April 2017, had issued certain clarifications on various provisions of Maternity Benefit (Amendment) Act, 2017. One of the clarifications issued by the Ministry stated that the enhanced maternity benefit, as modified by the Maternity Benefit (Amendment) bill, 2016 can be extended to women who are already under maternity leave at the time of enforcement of this Amendment Act.

Having received further queries and to remove doubts, it is further clarified that it is mandatory on the part of employers to extend the benefit of enhanced maternity leave to those women workers who were already on maternity leave on the date of enforcement of the Maternity Benefit (Amendment) Act,2017 i.e. as on 01 April 2017.

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Rupee reverts back
May 08,2017

Rupee closed higher at 64.4725/4750 per dollar on Monday (08 May 2017), versus its previous close of 64.5425/5550 per dollar on Friday.

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Jenson & Nicholson (India) incorporates wholly owned subsidiary
May 08,2017

Jenson & Nicholson (India) has incorporated a wholly owned indirect subsidiary on 05 May 2017 at the Registrar of Haryana and Delhi.

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Nirmala Sitharaman Launches India Standards Portal
May 08,2017

n++India needs to make it possible to provide quality goods at an affordable price.n++ This was stated by Ms. Nirmala Sitharaman, Minister of State (IC) for Commerce and Industry.

The Minister also launched the India Standards Portal - a one stop centre for all information on Standards, Technical Regulations, conformity assessment & accreditation practices, and the related bodies in India.

The Minister observed that while standards are important, they also need to be affordable. Prime Minister Shri Narendra Modi launched the Zero Effect, Zero Defect campaign earlier for this purpose.

The Minister stated that any national strategy for standards should be able to provide information regarding how varieties can be accommodated as this was also necessary for international negotiations. A lot of grey areas are used to stop imports from various countries using sanitary and phytosanitary standards (SPS) and technical barriers to trade (TBT) requirements. Almost 150 such notifications are provided to the country every month. It is important to get this information to people in a time bound manner.

She highlighted the existence of variety in agriculture based products and how one size fits all homogeneity cannot be brought to this sector. The Minister stated that there was a problem of information dissemination as it is difficult to get information to farmers on time. While appreciative of the launch of the India Standards portal, she suggested that a feature be added for people to access this information via their phones and an SMS service must be provided for the same. n++I am impatient to get this information to those who must conform to these standards,n++ she said.

She mentioned two streams of challenges which needed to be addressed over the course of the conclave. One relates to how India can become part of the standards setting system and increase conformity, the other relates to Indias role in the global debate. Standards are not just about export promotion but also making India ready to meet its internal needs.

Mr. R V Deshpande, Minister for Large and Medium Industries and Infrastructure Development, Karnataka, said that the state is providing incentives to the industrial units adopting standards. Its procurement policy included standards conformity and it has established infrastructure for conformity assessment with focus on Research and Development.

Ms. Rita Teaotia, Secretary, Department of Commerce stated that since the last edition of the Conclave, the new Bureau of India Standards (BIS) Act has been passed and the Consumer Products Act has been amended as per the recommendations of the previous Standards Conclaves. She noted that for the first time, standards in the services sector are being addressed. She suggested a National Strategy for Standards as well as Vision Document for the same.

Ms. Alka Panda, Director General, Bureau of Indian Standards (BIS), suggested the creation of a Technical Regulation Management Board which would provide an institutional framework to ensure policy coherence and coordination on standards and technical regulations.

Mr. Adil Zainulbhai, Chairman, Quality Council of India, stated that there was a need to work with SMEs to help improve their standards. He also spoke of the need to create a standards compliance system which was easy to comply with.

Mr. Rakesh Bharti Mittal, President Designate, CII highlighted standards for the services sector e.g. tourism & hospitality, healthcare, education etc. He stressed on the need for greater involvement of states in the development of standards as well as the need to help MSMEs and the agriculture sector comply with international standards.

Mr. Chandrajit Banerjee, Director General, CII outlined the outcomes of the various editions of the Standards Conclave. These include enactment of the BIS Act, recognition of the need for standards in services, development of a National Standards Strategy and the development of the National Standards Portal.

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Welspun Corp consolidated net profit rises 425.19% in the March 2017 quarter
May 08,2017

Net profit of Welspun Corp rose 425.19% to Rs 68.59 crore in the quarter ended March 2017 as against Rs 13.06 crore during the previous quarter ended March 2016. Sales rose 2.10% to Rs 1922.18 crore in the quarter ended March 2017 as against Rs 1882.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 94.35% to Rs 10.12 crore in the year ended March 2017 as against Rs 179.27 crore during the previous year ended March 2016. Sales declined 20.06% to Rs 5626.65 crore in the year ended March 2017 as against Rs 7038.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1922.181882.64 2 5626.657038.25 -20 OPM %9.069.05 -7.7010.98 - PBDT213.72125.07 71 422.00644.96 -35 PBT121.8227.63 341 35.92258.48 -86 NP68.5913.06 425 10.12179.27 -94

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Repro India reports standalone net profit of Rs 5.19 crore in the March 2017 quarter
May 08,2017

Net profit of Repro India reported to Rs 5.19 crore in the quarter ended March 2017 as against net loss of Rs 13.04 crore during the previous quarter ended March 2016. Sales rose 7.70% to Rs 81.86 crore in the quarter ended March 2017 as against Rs 76.01 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.86 crore in the year ended March 2017 as against net loss of Rs 8.00 crore during the previous year ended March 2016. Sales declined 22.13% to Rs 291.79 crore in the year ended March 2017 as against Rs 374.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales81.8676.01 8 291.79374.70 -22 OPM %12.59-11.24 -7.966.18 - PBDT10.54-9.93 LP 17.3911.32 54 PBT5.19-14.89 LP -2.86-8.00 64 NP5.19-13.04 LP -2.86-8.00 64

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Welspun Corp reports standalone net profit of Rs 152.84 crore in the March 2017 quarter
May 08,2017

Net profit of Welspun Corp reported to Rs 152.84 crore in the quarter ended March 2017 as against net loss of Rs 28.20 crore during the previous quarter ended March 2016. Sales rose 103.45% to Rs 1600.59 crore in the quarter ended March 2017 as against Rs 786.72 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 174.59 crore in the year ended March 2017 as against net loss of Rs 123.16 crore during the previous year ended March 2016. Sales rose 13.87% to Rs 4126.05 crore in the year ended March 2017 as against Rs 3623.42 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1600.59786.72 103 4126.053623.42 14 OPM %15.113.93 -12.174.49 - PBDT296.5313.94 2027 508.0368.93 637 PBT234.61-47.49 LP 263.78-178.60 LP NP152.84-28.20 LP 174.59-123.16 LP

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Canara Bank reports standalone net profit of Rs 214.18 crore in the March 2017 quarter
May 08,2017

Net profit of Canara Bank reported to Rs 214.18 crore in the quarter ended March 2017 as against net loss of Rs 3905.49 crore during the previous quarter ended March 2016. Total Operating Income declined 2.24% to Rs 10492.92 crore in the quarter ended March 2017 as against Rs 10732.91 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1121.92 crore in the year ended March 2017 as against net loss of Rs 2812.82 crore during the previous year ended March 2016. Total Operating Income declined 5.98% to Rs 41387.64 crore in the year ended March 2017 as against Rs 44022.13 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income10492.9210732.91 -2 41387.6444022.13 -6 OPM %53.8721.34 -61.8659.51 - PBDT264.18-4684.99 LP 1641.92-3185.77 LP PBT264.18-4684.99 LP 1641.92-3185.77 LP NP214.18-3905.49 LP 1121.92-2812.82 LP

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Hester Biosciences standalone net profit rises 28.49% in the March 2017 quarter
May 08,2017

Net profit of Hester Biosciences rose 28.49% to Rs 7.08 crore in the quarter ended March 2017 as against Rs 5.51 crore during the previous quarter ended March 2016. Sales rose 27.81% to Rs 34.93 crore in the quarter ended March 2017 as against Rs 27.33 crore during the previous quarter ended March 2016.

For the full year,net profit rose 29.24% to Rs 24.84 crore in the year ended March 2017 as against Rs 19.22 crore during the previous year ended March 2016. Sales rose 23.30% to Rs 121.13 crore in the year ended March 2017 as against Rs 98.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales34.9327.33 28 121.1398.24 23 OPM %33.3235.71 -33.7934.00 - PBDT10.969.05 21 38.4530.58 26 PBT9.327.37 26 32.9424.85 33 NP7.085.51 28 24.8419.22 29

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Jay Shree Tea & Industries reports standalone net loss of Rs 41.79 crore in the March 2017 quarter
May 08,2017

Net Loss of Jay Shree Tea & Industries reported to Rs 41.79 crore in the quarter ended March 2017 as against net loss of Rs 33.72 crore during the previous quarter ended March 2016. Sales declined 2.34% to Rs 128.60 crore in the quarter ended March 2017 as against Rs 131.68 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 15.45 crore in the year ended March 2017 as against net loss of Rs 19.16 crore during the previous year ended March 2016. Sales declined 22.09% to Rs 535.88 crore in the year ended March 2017 as against Rs 687.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales128.60131.68 -2 535.88687.85 -22 OPM %-25.65-19.67 -2.973.26 - PBDT-33.90-27.10 -25 2.860.11 2500 PBT-37.81-30.83 -23 -11.47-16.27 30 NP-41.79-33.72 -24 -15.45-19.16 19

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