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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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LIC Housing Finance to hold AGM
Apr 27,2017

LIC Housing Finance announced that the 28th Annual General Meeting (AGM) of the company will be held on 18 August 2017.

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Pfizer to hold board meeting
Apr 27,2017

Pfizer will hold a meeting of the Board of Directors of the Company on 6 May 2017, for the approval of Audited Financial Results for the quarter and financial year ended March 31, 2017

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Axis Bank to hold AGM
Apr 27,2017

Axis Bank announced that the 23th Annual General Meeting (AGM) of the bank will be held on 26 July 2017.

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Board of Lakshmi Vilas Bank recommends final dividend
Apr 27,2017

Lakshmi Vilas Bank announced that the Board of Directors of the Company at its meeting held on 26 April 2017, inter alia, have recommended the final dividend of Rs 2.7 per equity Share (i.e. 27%) , subject to the approval of the shareholders.

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Board of LKP Finance recommends final dividend
Apr 27,2017

LKP Finance announced that the Board of Directors of the Company at its meeting held on 26 April 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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LKP Finance to hold AGM
Apr 27,2017

LKP Finance announced that the th Annual General Meeting (AGM) of the company will be held on 24 May 2017.

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Suraj to hold AGM
Apr 27,2017

Suraj announced that the 24th Annual General Meeting (AGM) of the company will be held on 20 June 2017.

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Mahindra & Mahindra to hold AGM
Apr 27,2017

Mahindra & Mahindra announced that the 27th Annual General Meeting (AGM) of the company will be held on 24 July 2017.

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Board of GIC Housing Finance recommends final dividend
Apr 27,2017

GIC Housing Finance announced that the Board of Directors of the Company at its meeting held on 26 April 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Tata Sponge Iron recommends final dividend
Apr 27,2017

Tata Sponge Iron announced that the Board of Directors of the Company at its meeting held on 26 April 2017, inter alia, have recommended the final dividend of Rs 11 per equity Share (i.e. 110%) , subject to the approval of the shareholders.

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Kushal Tradelink to hold board meeting
Apr 27,2017

Kushal Tradelink will hold a meeting of the Board of Directors of the Company on 1 May 2017 Others

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An additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of fertilizer
Apr 27,2017

The revival of the fertilizer projects, Gorakhpur, Barauni, Sindri and Talcher, an additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of around 320 LMT, from being a net importer currently. Financial allocations and the ground level work would start in 2017 and the five plants would become fully functional by 2020-21, said Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar. He presided over a Joint review meeting on revival plans for closed fertilizer projects under Ministry of Chemicals and Fertilizers.

Shri Kumar said that for realising Prime Minister Shri Narendra Modis vision of Fertilizer Security for Food Security, the Ministry of Chemicals & Fertilizers, in coordination with Ministries of Petroleum & Natural Gas and Power & Coal, is following a two-pronged strategy. This strategy includes existing fertilizer capacity augmentation by increasing the efficiency of the plants and revival of closed fertilizer projects. Shri Kumar mentioned that there has been highest ever production of urea, 245 LMT, in the country in the previous year without incurring any additional cost and utilising the existing capacity. He further mentioned that the 100% Neem Coating Urea has increased the per granule efficiency of urea by decreasing demand by 10% and increasing the yield by 10%.

Ministry of Petroleum & Natural Gas in the revival plan, Shri Dharmendra Pradhan said that a massive investment to the tune of Rs. 50,000 crores is being undertaken for revival of closed fertilizer plants and setting up of gas pipeline network to connect Eastern India to the National Gas Grid. Production from these four major Fertilizer plants will ensure enhanced domestic fertilizer production and availability which will give an impetus to the vital agricultural sector there by aiding the Second Green Revolution, he added.

Shri Pradhan informed that the progress of the construction of the pipeline network in eastern India, including the 2,650 km Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline, popularly known as Pradhan Mantri Urja Ganga, and the 50 LMT Dhamra LNG terminal was reviewed in the meeting. A total investment of Rs. 13,000 crores for the pipeline and of Rs 6,000 crores for Dhamra LNG terminal is going to be undertaken, he added.

The Minister said that this pipeline network would provide uninterrupted feedstock linkage to the revived fertilizer plants, wherein Gorakhpur, Barauni and Sindri plants would be natural gas based and Talcher would be coal gasification technology based, for which coal linkages have already been provided. Shri Pradhan added that the foundation stones for the five fertilizer plants would be laid down post monsoon this year and would be completed by 2020-21.

The Talcher Unit is being revived by a consortium of PSUs namely Rashtriya Chemicals & Fertilizers (RCF), Gas Authority of India (GAIL), Coal India Ltd. (CIL) and FCIL by investing Rs. 8,000 crores. Indian Oil Corporation Ltd. (IOCL), CIL & National Thermal Power Corporation (NTPC) have registered a Special Purpose Vehicle (SPV) by name Hindustan Urvarak & Rasayan Limited (HURL) for revival of closed urea plants of FCIL at Gorakhpur and Sindri and of Hindustan Fertilizer Corporation of India Ltd. (HFCL) at Barauni, by an investment of Rs. 20,000 crores. An Inter-Ministerial Committee (IMC) has also been constituted to oversee the revival process.

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Rupee falls
Apr 27,2017

Rupee closed flat at 64.3925/3950 per dollar on Thursday (27 April 2017), versus its previous close of 64.0225/0250 per dollar.

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Tata Elxsi standalone net profit rises 8.30% in the March 2017 quarter
Apr 27,2017

Net profit of Tata Elxsi rose 8.30% to Rs 44.50 crore in the quarter ended March 2017 as against Rs 41.09 crore during the previous quarter ended March 2016. Sales rose 10.92% to Rs 326.05 crore in the quarter ended March 2017 as against Rs 293.95 crore during the previous quarter ended March 2016.

For the full year,net profit rose 11.94% to Rs 173.29 crore in the year ended March 2017 as against Rs 154.81 crore during the previous year ended March 2016. Sales rose 14.68% to Rs 1233.04 crore in the year ended March 2017 as against Rs 1075.21 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales326.05293.95 11 1233.041075.21 15 OPM %23.2422.85 -23.7822.98 - PBDT73.6867.78 9 288.42258.94 11 PBT66.8661.85 8 261.50236.34 11 NP44.5041.09 8 173.29154.81 12

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Kotak Mahindra Bank consolidated net profit rises 33.08% in the March 2017 quarter
Apr 27,2017

Net profit of Kotak Mahindra Bank rose 33.08% to Rs 1404.34 crore in the quarter ended March 2017 as against Rs 1055.23 crore during the previous quarter ended March 2016. Total Operating Income rose 6.34% to Rs 5654.76 crore in the quarter ended March 2017 as against Rs 5317.46 crore during the previous quarter ended March 2016.

For the full year,net profit rose 42.83% to Rs 4940.43 crore in the year ended March 2017 as against Rs 3458.85 crore during the previous year ended March 2016. Total Operating Income rose 9.42% to Rs 22324.21 crore in the year ended March 2017 as against Rs 20401.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income5654.765317.46 6 22324.2120401.64 9 OPM %11.0334.69 -33.9143.71 - PBDT2033.681524.64 33 7069.104976.46 42 PBT1942.141436.47 35 6706.894631.95 45 NP1404.341055.23 33 4940.433458.85 43

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