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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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Mindtree allots 97,060 equity shares
Jun 24,2017

Mindtree has allotted 97,060 equity shares of Rs.10/- each, under Mindtree Employee Restricted Stock Purchase Plan 2012 (Program VIII) (ESPS/ERSP 2012)

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Capital First plans to allot NCDs on private placement basis
Jun 24,2017

Capital First plans to allot NCDs aggregating Rs 25 crore with Greenshoe option of Rs 25 crore on private placement basis. The date of allotment is 27 June 2017.

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Piramal Enterprises allots NCDs aggregating Rs 125 crore
Jun 24,2017

Piramal Enterprises allotted 1250 unsecured redeemable NCDs aggregating Rs 125 crore on private placement basis on 24 June 2017.

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State Bank of India announces change in directorate
Jun 24,2017

State Bank of India announced change in directorate as under -

Appointed following Directors with effect from 26 June 2017
Sanjay Malhotra
Pravin Kutumbe
Bhaskar Pramanik
Besant Seth

The term of the following directors expires -
Sunil Mehta
Deepak Amin
Sanjiv Malhotra

Easun Reyrolle to hold board meeting
Jun 24,2017

Easun Reyrolle will hold a meeting of the Board of Directors of the Company on 30 June 2017.

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Moryo Industries to hold board meeting
Jun 24,2017

Moryo Industries will hold a meeting of the Board of Directors of the Company on 1 July 2017.

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Prism Cement to hold board meeting
Jun 24,2017

Prism Cement will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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RCL Foods to hold board meeting
Jun 24,2017

RCL Foods will hold a meeting of the Board of Directors of the Company on 28 June 2017.

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G M Breweries to hold board meeting
Jun 24,2017

G M Breweries will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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Aruna Hotels to hold board meeting
Jun 24,2017

Aruna Hotels will hold a meeting of the Board of Directors of the Company on 30 June 2017.

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Simmonds Marshall to hold board meeting
Jun 24,2017

Simmonds Marshall will hold a meeting of the Board of Directors of the Company on 3 July 2017.

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JSW Steel proposes to raise additional long term resources
Jun 24,2017

JSW Steel plans to raise additional long term resources through issuance of NCDs with warrants convertible into equity shares and/or equity shares and/or convertible warrants, by way of a Qualified Institutional Placement and issuance of FCCBs, ADRs, GDRs, warrants or convertible instruments in course of an international offering. The Board will consider the proposal on 29 June 2017.

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Infosys intimates of conclusion of State of New Yorks investigation
Jun 24,2017

Infosys agreement concludes the State of New Yorks investigation relating to the amount of taxes the Company paid in 2010-2011 without any criminal or civil charges being filed. While this investigation centered on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard. This settlement relates to legal issues already resolved under the 2013 settlement with the US Department of Justice, and was reached by both parties to avoid protracted litigation. Infosys maintains robust policies and procedures to ensure adherence with all applicable regulations and laws. Infosys will continue to focus on boosting American innovation, hiring American workers and better serving our valued customers across the United States.

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Indias natural gas production up 4.2% in May 2017
Jun 23,2017

Indias natural gas production increased 4.2% to 2.77 billion cubic meters (bcm) in May 2017 over a year ago. Natural gas output of ONGC jumped 9.5% to 1.96 bcm, but that of private and JV companies dipped -10.5% to 0.56 bcm. Meanwhile, the natural gas production of Oil India rose 2.4% to 0.24 bcm in May 2017.

Natural gas output moved up 3.0% to 5.30 bcm in April-May 2017 over April-May 2016.

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Indias crude oil refinery output up 5.6% in May 2017
Jun 23,2017

Indias crude oil refinery output increased 5.6% to 20.90 million tonnes (mt) in May 2017 over May 2016. The output of public sector refineries improved 8.0% to 11.77 mt, while the output of private refineries jumped 15.1% to 8.54 mt. However, the refinery output of public-private JV refiners dipped 60.3% to 0.59 mt in May 2017.

Among public refineries, the output of Indian Oil Corporation increased 12.1% to 5.95 mt, while the output of Numaligarh Refineries moved up 8.7% to 0.26 mt, Chennai Petroleum Corporation 6.9% to 0.85 mt, and Mangalore Refineries 6.7% to 1.16 mt in May 2017 over May 2016. Further, the output of Hindustan Petroleum Corporation also increased 3.6% to 1.46 mt and Bharat Petroleum Corporation 1.7% to 2.08 mt in May 2017.

Among private refiners, the output of Reliance Petroleum surged 20.9% to 6.86 mt, while that of Essar Oil declined 3.6% to 1.69 mt in May 2017 over May 2016. Among JV refineries, the output of Bharat Oman increased 3.2% to 0.59 mt, while the output of HPCL Mittal dipped to nil in May 2016.

The cumulative refinery output increased 2.8% to 40.20 mt in April-May 2017. The output of public refineries increased 4.3% to 22.15 mt, while that of private refineries moved up 7.6% to 16.20 mt. The refinery output of JV refineries fell 34.3% to 1.85 mt in April-May 2017. Among public refineries, the output of Indian Oil Corporation improved 8.9%, Numaligarh Refineries 8.7% and Mangalore Refineries 6.2%, but that of Hindustan Petroleum Corporation declined 0.4%, Bharat Petroleum Corporation 0.7% and Chennai Petroleum Corporation 8.0%.

The overall capacity utilization was higher at 104.8% in May 2017 compared with 102.4% in May 2016, while it was nearly flat at 104.4% in April-May 2017 compared with 104.6% in April-May 2016.

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