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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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Hong Kong Stocks snap five day rally
Jan 12,2017

The Hong Kong stock market took a breather after five days of gains on Thursday, 12 January 2017, as investors elected to book recent profit after the benchmark index added more than 3.6% in the past five sessions. The Hang Seng Index declined 0.46% or 106.33 points to close at 22,829.02. The Hang Seng China Enterprises index, or the H-share index, fell 0.11% or 10.85 points to 9,723.05. Turnover decreased to HK$63.3 billion from HK$69.8 billion on Wednesday.

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China Stocks falls for third day
Jan 12,2017

Mainland China stock market ended down on Thursday, 12 January 2017, registering third day of falling streak, due to investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Selloff was also fueled by risk of liquidity stresses in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Nearly all main sectors lost ground, led down by material and industry shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.5% to close at 3,317.62. The Shanghai Composite Index fell 0.56% to close at 3,119.29. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 0.87% to 1951.31. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.38% to 1,930.15 points.

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Nikki falls on disappointment over Trump remarks
Jan 12,2017

The Japan share market closed down on Thursday, 12 January 2017, dragged down by yen strength against greenback and investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Investors were disappointed by President-elect Donald Trumps first news conference since the election, as he was light on details about the U.S. economic outlook while stoking uncertainty about the U.S. relationship with countries like Japan. The Nikkei Stock Average fell 229.97 points, or 1.2%, to 19,134.70 following a 63.23-point rise Wednesday. The Topix index of all Tokyo Stock Exchange First Section issues fell 14.99 points, or 0.97%, to 1535.41.

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Tata Power Company provides update on subsidiary - Tata Power Renewable Energy
Jan 12,2017

Tata Power Company announced that its subsidiary, Tata Power Renewable Energy has commissioned 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and a 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy. With these, the operating renewable energy capacity of TPREL growth to 1876 MW comprising of 841 MW wind, 915 MW solar and 120 MW waster heat recovery capacity as on 12 January 2017. In FY 2016, Tata Power Renewable Energy increased its operational capacity by 1169 MW.

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Nucleus Software Exports appoints MD and CEO
Jan 12,2017

Nucleus Software Exports announced the appointment of Vishnu R Dusad as the Managing Director and CEO of the Company is effective from 01 January 2017 till 31 December 2021.

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Australia Market edges down
Jan 12,2017

Australian share market revered course to finish marginally lower on Thursday, 12 January 2017, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

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Syncom Healthcare announces resignation of company secretary cum compliance officer
Jan 12,2017

Syncom Healthcare announced that Ankita Gupta, Company Secretary cum Compliance Officer has resigned with effect from 12 January 2017.

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FPIs press sales
Jan 12,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 678.20 crore into the secondary equity markets on 11 January 2017, higher than their net outflow of Rs 105.61 crore during the preceding trading session on 10 January 2017. The net outflow of Rs 678.20 crore on 11 January 2017 was a result of gross purchases of Rs 3934.44 crore and gross sales of Rs 4612.64 crore. On that day, the Sensex rose 240.85 points or 0.9% to settle at 27,140.41, its highest closing level since 10 November 2016.

There was a net outflow of Rs 7.25 crore from the category primary market & others on 11 January 2017, which was a result of gross purchases of Rs 1.59 crore and gross sales of Rs 8.84 crore.

FPIs have sold stocks worth a net Rs 3638.53 crore in January 2017 so far (till 11 January 2017). They had sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net outflow of Rs 168.55 crore from FPIs from the category primary market & others in January 2017 so far (till 11 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Zicom Electronic Security Systems appoints director
Jan 12,2017

Zicom Electronic Security Systems announced that on 12 January 2017 the Board of Directors have passed a circular resolution for appointing Tanvi Sanjiv Joshi as an Additional Director of the Company w.e.f. 12 January 2017 pursuant to Section 161 and other applicable provisions of the Companies Act, 2013 read with Rules thereunder and Article 114 of the Articles of Association of the Company.

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Wipro allots 7064 equity shares
Jan 12,2017

Wipro has allotted 7064 equity shares under ADS RSU Plan 2004 to the employees on 11 January 2017 pursuant to exercise of ESOPs.

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JSW Energy reschedules board meeting for considering Q3 results and private placement of NCD
Jan 12,2017

JSW Energy announced that the Meeting of the Board of Directors of the Company inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31 December 2016 (Q3) and to consider raising of long term funds through the issuance of Non-Convertible Debentures by way of a Private Placement has been rescheduled to 23 January 2017.

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Wipro to announce Q3 results
Jan 12,2017

Wipro will announced its results for third quarter ended 31 December 2016 on 25 January 2017 after stock market trading hours in India.

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Cyient standalone net profit rises 19.14% in the December 2016 quarter
Jan 12,2017

Net profit of Cyient rose 19.14% to Rs 72.15 crore in the quarter ended December 2016 as against Rs 60.56 crore during the previous quarter ended December 2015. Sales rose 10.72% to Rs 329.77 crore in the quarter ended December 2016 as against Rs 297.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales329.77297.84 11 OPM %25.2922.06 - PBDT107.4489.55 20 PBT93.2974.54 25 NP72.1560.56 19

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Bajaj Corp standalone net profit rises 17.22% in the December 2016 quarter
Jan 12,2017

Net profit of Bajaj Corp rose 17.22% to Rs 57.80 crore in the quarter ended December 2016 as against Rs 49.31 crore during the previous quarter ended December 2015. Sales declined 4.75% to Rs 186.40 crore in the quarter ended December 2016 as against Rs 195.70 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales186.40195.70 -5 OPM %32.8534.64 - PBDT74.7475.56 -1 PBT73.4874.44 -1 NP57.8049.31 17

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MoUs worth Rs. 8,835 crore signed in textile sector during Vibrant Gujarat 2017
Jan 12,2017

Union Textiles Minister Smt. Smriti Zubin Irani said that given the entrepreneurial spirit of Gujaratis & the investment inflow, the textile story of Gujarat has just begun. She said that as an area with one of the largest concentrations of textiles in India, Gujarat is a one-point sourcing hub for all kinds of textiles. The Minister also said that there are huge possibilities in textile education in Gujarat. She said that the skill development programme in textile sector conducted at 28 ITIs of Gujarat running the Textiles courses has recorded a placement figure of 75%. The Minister said that two major institutes of Gujarat, namely, NIFT and NID, and various engineering colleges offer degrees in textile technology, textile processing and textile engineering.

The Minister witnessed signing of MoUs worth Rs. 8,835 crore in textile sector. MoUs have been signed in different sectors such as textile parks, textile processing, machinery, carpet development, etc. The Textiles Minister said that Gujarat produces 29% of Indias total cotton production; she said this indicates the trust of textile industries in the prospects of the state. Smt. Irani assured the support of her Ministry to the development of the textile value chain of Gujarat and to explore possibilities in technical textiles and research.

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