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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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Indias industrial production declines 0.7% in August 2016
Oct 10,2016

Indias industrial production declined 0.7% in August 2016 over August 2015, while recording decline for second straight month. The manufacturing sector production fell 0.3%, while the mining output dipped 5.6% contributing to dip in industrial production. However, the electricity output also rose at moderate pace of 0.4% in August 2016. A decline in IIP and manufacturing output was primarily led by sharp 49.4% plunge in the output of small item - cable, rubber insulated, excluding which IIP grew 2.3% in August 2016.

As per the use-based classification, the basic goods output rose 3.2% in August 2016 over a year ago, while the output of intermediate goods moved up 3.6%. The consumer goods output increased 1.1%, but that of capital goods plunged 22.2% in August 2016. Within consumer goods, the production of consumer durables increased 2.3%, while that of consumer non-durables rose 0.2% in August 2016.

The IIP growth in July 2016 has been revised downwards to (-) 2.5% in the first revision compared with (-) 2.4% reported provisionally. Meanwhile, the growth in May 2016 has been revised upwards to 1.3% at the final revision from first revision of 1.1%, while it is also higher compared with 1.2% reported provisionally.

In terms of industries, 7 out of the 22 industry groups in the manufacturing sector have shown negative growth during the month of august 2016 as compared to the corresponding month of the previous year.

The industry group electrical machinery & apparatus has shown the highest negative growth of (-) 49.4% followed by (-) 22.4% in furniture; manufacturing and (-) 6.6% in wearing apparel; dressing and dyeing of fur.

On the other hand, radio, TV and communication equipment & apparatus has shown the highest positive growth of 15.2%, followed by 14.6% in other transport equipment and 12.4% in basic metals.

Some important items showing high negative growth during the current month over the same month in previous year include cable, rubber insulated (-) 86.2%, sugar machinery (-) 65.5%, woollen carpets (-) 35.7%, gems & jewellery (-) 31.0%, rice (-) 25.3% and h r sheets (-) 24.7%.

Some important items that have registered high positive growth include fruit pulp (762.0%). air conditioner (room) (59.1%), instant food mixes (ready to eat) (46.5%), ship building and repairs (41.1%), h r coils/ skelp (39.5%), scooter and mopeds (33.3%), stainless/ alloy steel (31.8%), c r sheets (29.7%), purified terephthalic acid (29.2%) and boilers (22.8%).

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GRUH Finance standalone net profit rises 19.86% in the September 2016 quarter
Oct 10,2016

Net profit of GRUH Finance rose 19.86% to Rs 61.98 crore in the quarter ended September 2016 as against Rs 51.71 crore during the previous quarter ended September 2015. Sales rose 17.84% to Rs 367.43 crore in the quarter ended September 2016 as against Rs 311.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales367.43311.81 18 OPM %90.2889.71 - PBDT96.5780.97 19 PBT95.8380.25 19 NP61.9851.71 20

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Sumuka Agro Industries reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Oct 10,2016

Net loss of Sumuka Agro Industries reported to Rs 0.04 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.04 -100 OPM %025.00 - PBDT-0.040.01 PL PBT-0.040.01 PL NP-0.040.01 PL

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GAIL (India) provides update on Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline
Oct 10,2016

GAIL (India) has initiated a major step towards the construction of the Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) by approving placement orders for pipeline laying work of 345 km from Phulpur to Dobhi under Phase IB at an estimated cost of Rs 306 crore under two sections to be executed simultaneously by JSIW Infrastructure and IL&FS Engineering & Construction. Laying works under phase-IB shall commence by the end of October 2016 and targeted to be completed by December 2018.

The line pipe supplies against orders are expected to commence soon from Jindal Saw, Man Industries (India), Essar Steel and Zhongyou BSS (Qinhuandao) Petro Pipe Co., China.

In a historical development, Cabinet Committee on Economic Affairs approved capital grant of 40%, amounting to Rs 5176 crore over 5 years, for the pipeline project, to be implemented by GAIL at an estimated capital outlay of Rs 12940 crore. It is the first time that Central Government has approved capital grant for a Natural Gas pipeline project.

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Texmo Pipes & Products gets upgradation in credit ratings
Oct 10,2016

Texmo Pipes & Products announced that the Rating Agency, Brickwork Ratings India has upgraded rating of Texmo Pipes and Products to BWR BBB from BWR BBB- (Triple B from Triple B minus) for Fund based facilities.

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Dr Reddys Laboratories launches Lamotrigine Orally Disintegrating Tablets
Oct 10,2016

Dr Reddys Laboratories announced that it has launched Lamotrigine Orally Disintegrating Tablets in 25 mg, 50 mg, 100 mg and 200 mg, a therapeutic equivalent of generic version of Lamictal ODT (lamotrigine) Orally Disintegrating Tablets in the United States market approved by the USFDA.

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Gaurav Mercantiles announces resignation of director
Oct 10,2016

Gaurav Mercantiles has received a resignation letter from Dilip Trilokchand Bohra, whole time Director of the Company, on 10 October 2016, wherein his resignation is accepted by the Board of the Company with effect from 10 October 2016.

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Trans Medicare gets extension to hold AGM
Oct 10,2016

Trans Medicare announced that the Company has obtained extension of time for a period of 3 months for holding the 27th Annual General Meeting of the Company. The Company enclosing hereto a copy of the letter dated 07 October 2016 received from the Registrar of Companies, Andhra Pradesh and Telangana.

Hence, the 27th Annual General Meeting of the Company would be convened on or before 31 December 2016.

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ACC provides update on new cement grinding unit in Jamul
Oct 10,2016

ACC announced that operations of the new cement grinding unit in Jamul which went into commercial production from 14 September 2016 have successfully stabilised. Meanwhile, the cement grinding unit at Sandri in Jharkhand, also forming part of the Companys new Jamul Project, is expected to go on stream in November 2016.

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Shri Gang Industries & Allied Products appoints company secretary and compliance officer
Oct 10,2016

Shri Gang Industries & Allied Products announced that Shefali Sharma is been appointed as Company Secretary and Compliance Officer of the company with effect from 03 October 2016 pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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G V Films gets extension to hold AGM
Oct 10,2016

G V Films announced that vide its letter dated 23 September 2016 has informed BSE that the time for holding Annual General Meeting of the Company for the year 2016 has been extended up to 31 December 2016 by the ROC, Mumbai vide approval letter dated 21 September 2016.

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Launch of Enhanced Foreign Trade Data Dashboard
Oct 10,2016

As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public with regard to Indias export, import and balance of trade data in an analytical format, over time and space, Commerce & Industry Minister Smt. Nirmala Sitharaman today launched a new enhanced Dashboard on Foreign Trade Data. Speaking on the occasion she said technology will be used for transparent decision making and reaching out to people using real time data. The Minister said this Dashboard is an improved version of the earlier EXIM Analytics Dashboard developed with many added features. It is more user friendly and would facilitate the general public to have an accurate picture on dynamics of foreign trade performance of India.

The new Dashboard gives a graphical collection of exports, imports and balance of trade of India; e.g., the Export turnover of the country - how it performs over time and space? What are the export destinations? What items are being exported? Which are the ports - inland, sea or airports from which the exports are taking place? The new interface is broadly divided into Exports, Imports and Balance of Trade views. Each of these views provide the user with features to inspect the trade that happens between India and a particular country, zoom into the activities of a particular port and reflect trade pattern over any months of the users choice.

The Import view gives a sharp perspective of how Indias imports have changed compared to the previous year. The user may also observe how the import value has fared across the months of that year. The Top Commodities and Ports section details the top 5 commodities and ports, in addition to the ones at the lower end. The clickable world map reflects the performance of India in imports to rest of the world. The darker the country shade, the higher the import from it. The flow diagram to the right of the world map will visualise what percentage of the top commodities have been imported from the various ports (thickness of the line reflects the magnitude).

If users are curious to see how their selected choices were to behave in the Exports area, they merely need to click on the Export view on the top navigation bar. Similarly, when users switch to the Balance of Trade view, they can see a world map detailing countries with positive/negative balance of trade with India. Countries can be sorted by Import value and the corresponding value of Export trade. Visual comparison of import-export trade values over the years is also available. Touching a monthly value in Trade Performance would highlight corresponding value in the Balance of Trade performance chart as well, making it easy to understand Indias position on Balance of Trade (BoT) in that month compared to the previous months.

Digitization of the government records and data analytics is also crucial for fast and effective evidence based planning and policy evaluation. This has an important role to play in effective and transparent governance. The Dashboard would provide an enabling environment to importers and exporters to identify and access global trade opportunities based on reliable and updated information, directly accessible to the public through Government sources.

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Ayepee Lamitubes to hold board meeting
Oct 10,2016

Ayepee Lamitubes will hold a meeting of the Board of Directors of the Company on 15 November 2016 to consider and approve unaudited financial result of the Company for the quarter ended on September 30, 2016.

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Modern Shares & Stockbrokers to hold board meeting
Oct 10,2016

Modern Shares & Stockbrokers will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and take on record the estimated (provisional) un-audited results for the 2nd Quarter and half year ended September 30, 2016.

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Sunraj Diamond Exports to hold board meeting
Oct 10,2016

Sunraj Diamond Exports will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the Un-audited Financial Results of the Company forthe quarter ended September 30, 2016.

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