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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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Satra Properties (India) provides update on Satra Plaza project
Jan 17,2017

Satra Properties (India) announced that Navi Mumbai Municipal Corporation has cancelled Occupation Certificate (OC) including the Revised building permission (Commencement Certificate) of the Company in respect of Plot No.19 and 20, Sector No. 19 D, Vashi Navi Mumbai for its Project Satra Plaza completed in 2012.

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Kirloskar Ferrous Industries resumes Mini Blast Furnace after upgrade
Jan 17,2017

Kirloskar Ferrous Industries announced that the upgrade of Mini Blast Furnace (MBF-I) at Koppal plant, Karnataka has been completed and the commercial production has commenced from 17 January 2017.

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IND Renewable Energy announces resignation of company secretary and compliance officer
Jan 17,2017

IND Renewable Energy announced that Priya Shah, Company Secretary cum Compliance Officer will resign with effect from 20 January 2017.

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IDFC Bank allots 686,720 equity shares
Jan 17,2017

IDFC Bank announced that the Allotment and Share Transfer Committee of the Bank met on 17 January 2017 and allotted 686,720 fully paid up equity shares of Rs. 10 each to the employees in terms of IDFC Bank Employee Stock Option Scheme 2015 (IDFC Bank ESOS-2015) and pursuant to the resolution passed by the shareholders of the Bank at their meeting held on July 27, 2016. Further, IDFC Bank ESOS-2015 is in compliance with the SEBI (Share Based Employee Benefits) Regulations 2014. The total money realized by exercise of the aforesaid options is Rs. 34,088,894.

Post the aforesaid allotment, the Equity Share Capital of the Bank now stands at 3,396,569,645 equity shares of Rs. 10 each, aggregating to Rs. 33,965,696,450.

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Edelweiss Financial Services allots 7,42,250 equity shares
Jan 17,2017

Edelweiss Financial Services announced that the Share Allotment Committee has allotted 7,42,250 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Yes Bank in association with T-Hub & Anthill launches YES FINTECH
Jan 17,2017

Yes Bank launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub, Indias fastest growing start up engine and Anthill LetsTalkPayments - a global platform for Fintech insights is the knowledge partner.

YES FINTECH is inviting applications from across the global community till 03 February 2017 on its website www.yesfintech.com. The top 12 selected start ups will finally enroll in a 15 week dual destination program, split between Mumbai and Hyderabad.

Yes Bank has been collaborating with and supporting more than 100 fintech start ups in the country to provide innovative financial solutions to its corporate, SME and retail customer base as part of its Alliances, Relationships and Technology (A.R.T) approach to Digital Banking.

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Yes Bank launches Customizable Saving Bank Account
Jan 17,2017

Yes Bank has launched a unique Customizable Saving Bank Account that gives customers the power to choose various features of a saving bank account. Yes Bank has become the first Indian Bank to introduce the customizable version of the traditional savings account. The Customizable Saving Bank Account will also protect the customer from unwarranted charges by eliminating unnecessary account features.

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Aptech director resigns
Jan 17,2017

Aptech announced that Yash Mahajan, Independent Director of the Company, has vide his letter dated 16 January 2017, tendered resignation from the Directorship of the Company with immediate effect due to his inability to devote time.

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VLS Finance director resigns
Jan 17,2017

VLS Finance announced that V. G. Kannan, an Additional Director in the category of independent director has resigned w.e.f. 05 January 2017.

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TCS recognised for excellence in execution and innovation in digital marketing services
Jan 17,2017

Tata Consultancy Services announced that it has been position in the highest overall performance category for demonstrating excellence in execution and innovation in digital marketing services by analyst firm HfS Research in its latest Blueprint Digital Marketing Operations Report.

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Ideal Texbuild enters into agreement with Rite Developers for development of residential flats
Jan 17,2017

Ideal Texbuild has entered into agreement with Rite Developers for development of residential flat in the name and style of Rite Luxuria situated at Mulund East, Mumbai-81. According to this agreement, the Company will carry the job work with material to develop the said project as per the agreement with Rite Developers on 17 January 2017. The Company is also in the process to acquire two such more projects for the development of various construction related business in the very near future.

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United Spirits gets revision in credit ratings
Jan 17,2017

United Spirits has received a revision in rating from ICRA as under -

Term loans (Rs 2900 crore) - ICRA AA; Positive (Revised from ICRA A+; Positive)

Fund based facilities (Rs 2400 crore) - ICRA A1+ (Reaffirmed)

Non fund based facilities (Rs 400 crore) - ICRA A1+ (Reaffirmed)

Commercial Paper (Rs 1000 crore) - ICRA A1+ (Reaffimed)

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Hinduja Ventures completes divestment of stake held on Hinduja Energy
Jan 17,2017

Hinduja Ventures has divested 61147056 equity shares of Hinduja Energy (India) at a profit and fully realised the sales proceeds.

The Company had invested Rs 187.10 crore in 61147056 equity shares of Hinduja Energy (India) in November 2013. The Board of Directors at its meeting held on 26 October 2016 and 22 December 2016 has approved the divestment of the said shares of Hinduja Energy (India).

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State Bank of Travancore appoints directors
Jan 17,2017

State Bank of Travancore announced that Manish Kumar, Under Secretary, Department of Financial Services, Ministry of Finance has been nominated as the Government Nominee Director on the Board of Directors of the Bank by the Government of India under Section 25 (1) (e) of the State Bank of India (Subsidiary Banks) Act, 1959 with immediate effect and until further orders as per the Government of India letter dated 16 January 2017.

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Take Solutions intimates of exercise of ESOP options
Jan 17,2017

Take Solutions announced that the employees of the Company have exercised 34,600 Equity Shares under the TAKE Solutions Employee Stock Option Plan, 2007 for the quarter ended 31 December 2016.

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