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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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Blue Star to hold board meeting
Oct 18,2016

Blue Star will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve the un-audited standalone and consolidated Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Jubilant Life Sciences to hold board meeting
Oct 18,2016

Jubilant Life Sciences will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider Unaudited Financial Results of the Company for the quarter ended September 30, 2016 (Q2).

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Bliss GVS Pharma to hold board meeting
Oct 18,2016

Bliss GVS Pharma will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Rs 2,000 Crores Credit Guarantee Fund For Start-Ups In Offing: Secretary, DIPP
Oct 18,2016

In addition to softening regulations for Start-Ups to further motivate their entrepreneurship, the government would shortly set up a Credit Guarantee Fund with a corpus of Rs.2000 crores to support their ventures and risk taking abilities, says the Secretary, DIPP, Mr. Ramesh Abhishek.

The Secretary added that with this corpus of Rs 2,000 crores in place, the Start-Ups would receive financial support from banks and financial institutions with collateral free guarantee.

Without prescribing any time limit as to when the Credit Guarantee Fund would come about, Mr. Abhishek, however, added that with this fund being operational in near future, the Start-Ups could look up for financial assistance for their ventures that would be available easily.

Elaborating on the issue of softening existing regulations for Start-Ups, Mr. Abhishek pointed out that DIPP would take up this issue with entities such as RBI, SEBI and Department of Corporate Affairs among others.

Responding to a suggestion mooted by the President, PHD Chamber, Dr. Mahesh Gupta seeking relaxations on existing taxes for Start-Ups, the Secretary, DIPP said that this issue was also being perused by the government among the various concerned stakeholders since the Start-Ups venture is one of the top priorities of the Modi government as it would not only create wealth for promoter of such ventures but also facilitate employment creation.

The Minister of State for HRD, Dr. Pandey also felt that sufficient incentives and motivations should be given to those that wish to set up their venture with the spirit of innovations and also suggested that the spirit of innovations need to be promoted at the basic levels of Indian education system through vernacular mode of communications.

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Vehicle manufacturers will have to give details about the emission and noise levels of each vehicle they produce
Oct 18,2016

Come 1st of April 2017, manufacturers of all kinds of motor vehicles as also E-rickshaws and E-carts will have to give detailed declaration about the emission levels of the vehicle they have manufactured. Through a recent notification, the Ministry of Road Transport & Highways has amended Form 22 under the Central Motor Vehicles Act, 1989, through which manufacturers provide the Initial Certificate of Compliance with Pollution Standards, Safety Standards of Components Quality and Road -Worthiness certificate for all vehicles. Earlier, Form 22 only certified that the vehicle in question complied with the provisions of the Motor Vehicles Act and rules there under, including the relevant emission norms - Bharat Stage I/II/III etc.

From 1st April, 2017 however, the vehicle manufacturers will have to provide emission details for each vehicle in the revised Form 22 . The Form will include the brand, chassis number, engine number (motor number, in case of battery operated vehicles) and emission norms - Bharat Stage - IV / VI /Bharat (Trem) Stage-III/III etc of the vehicle and specify the levels of each pollutant like carbon monoxide, hydro carbon, non-methane HC, NOx, HC + NOx, PM etc for petrol and diesel vehicles and also sound level for horn and pass by noise values. The amended rules will apply to all vehicles run on petrol, CNG, LPG, electric, diesel and hybrid, including agricultural and construction vehicles, as well as E-rickshaws and E-carts. Form 22 will be issued with the signature of the manufacturer. In the case of E-rickshaws and E-carts, this Form will be issued with the signature of an authorized signatory of registered E-rickshaw or E-cart association.

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Resources leads Australia market rebound
Oct 18,2016

Australian share market closed higher on Tuesday, 18 October 2016, with materials and resources stocks leading rally on the back of positive commodity prices. At the closing bell, the benchmark S&P/ASX 200 index advanced 22.10 points, or 0.41%, to 5,410.80, while the broader All Ordinaries index was up 21.10 points, or 0.39%, to 5,492. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 546 to 503 and 308 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.11% to 14.002

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Mastek to pay interim dividend
Oct 18,2016

Mastek announced that interim dividend of Re 1 per share will be paid on 16 November 2016.

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Mastek fixes record date for interim dividend
Oct 18,2016

Mastek has fixed 02 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Speciality Restaurants gains after announcing opening of new restaurant
Oct 18,2016

Accordingly, the total number of restaurants and confectionaries of the company are 107 (including 25 franchise restaurants) and 17 respectively. The announcement was made during market hours today, 18 October 2016.

Meanwhile, the S&P BSE Sensex was up 520.91 points or 1.89% at 28,050.88

On BSE, so far 3,104 shares were traded in the counter as against average daily volume of 14,721 shares in the past one quarter. The stock hit a high of Rs 90.30 and a low of Rs 87.05 so far during the day. The stock had hit a 52-week high of Rs 158.40 on 16 October 2015. The stock had hit a 52-week low of Rs 80 on 18 August 2016. The stock had outperformed the market over the past 30 days till 17 October 2016, falling 1.08% compared with 3.74% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 6.12% as against Sensexs 0.93% decline.

The small-cap company has an equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants reported net loss of Rs 5.81 crore in Q1 June 2016 as compared with net profit of Rs 2.27 crore in Q1 June 2015. Net sales fell 1.69% to Rs 77.43 crore in Q1 June 2016 over Q1 June 2015.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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Thangamayil Jewellery to hold board meeting
Oct 18,2016

Thangamayil Jewellery will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider and approve the Un-Audited financial results for the 2nd Quarter ended September 30, 2016.

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eClerx Services to hold board meeting
Oct 18,2016

eClerx Services will hold a meeting of the Board of Directors of the Company on 7 November 2016 to approve and take on record the Un-audited Financial Results for the quarter and half year ended on September 30, 2016 (Q2).

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Aksh Optifibre to hold board meeting
Oct 18,2016

Aksh Optifibre will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Ramkrishna Forgings to hold board meeting
Oct 18,2016

Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended September 30, 2016.

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Royal Orchid Hotels to hold board meeting
Oct 18,2016

Royal Orchid Hotels will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the Un-Audited Standalone Financial Results for the quarter and half year ended September 30, 2016.

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Gaurav Mercantiles to hold board meeting
Oct 18,2016

Gaurav Mercantiles will hold a meeting of the Board of Directors of the Company on 27 October 2016 to approve the Un-Audited Financial Results of the Company for the quarter ended September 30, 2016 and to consider the other matter, if any.

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