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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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Network 18 Media & Investments to announce Q3 results
Jan 07,2017

Network 18 Media & Investments announced that a meeting of the Board of Directors of the Company will be held on 14 January 2017, inter alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31 December 2016 (Q3).

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Hindustan Construction Company allots equity shares and OCDs to Lenders on conversion of debt
Jan 07,2017

Hindustan Construction Company announced that the Allotment Committee at its meeting held on 06 January 2017 has allotted 189,993,837 equity shares of the Company of face value of Re 1 each to the Lenders who have completed the process of conversion of debt into equity under S4A scheme. The Committee also allotted 12,095,116 Optionally Convertible Debentures (OCDs) of face value of Rs 1000 to the Lenders who have completed the process of conversion of debt into OCDs under the S4A scheme.

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Board of Infomedia Press to consider December quarter results
Jan 07,2017

Infomedia Press announced that a meeting of the Board of Directors of the Company will be held on 14 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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S H Kelkar & Company completes acquisition of Flavours Division of Gujarat Flavours
Jan 06,2017

S H Kelkar & Company announced that Keva Flavours (KFL), subsidiary of the Company, has acquired Business Undertaking of Gujarat Flavours (GFPL) comprising of Flavours Division on 02 January 2017 in accordance with the Business Transfer Agreement executed between KFL and GFPL on 26 October 2016.

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Apcotex Industries intimates of workmen strike at its Taloja Plant
Jan 06,2017

Apcotex Industries announced that the Workmen Union at Apcotex Industries - Taloja Plant has given notice of strike effective 09 January 2017. The Management is making all efforts to settle the issue amicably.

The Management has also made all the necessary arrangements to try and ensure that the Production activities are not hampered in any way and will try and ensure to maintain normal level of operations during this period.

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Foods & Inns acquires Pharmpak
Jan 06,2017

Foods & Inns has acquired 12000 equity shares of Pharmpak, a Pharma company at a cost of Rs. 17.10 crore and the said company has now become 100% subsidiary of Foods and Inns.

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Voltaire Leasing & Finance provides update on subsidiarys operations
Jan 06,2017

Voltaire Leasing & Finance announced that the Wholly Owned Subsidiary Company (PURPLKITE INNOVATIONS) successfully completed 10154 deliveries for the month of December 2016 for all the Companys clients.

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Rabi crops sowing crosses 602 lakh hactare
Jan 06,2017

As per preliminary reports received from the States, the total area sown under Rabi crops as on 6 January 2017 stands at 602.75 lakh hectares as compared to 565.89 lakh hectare this time in 2016. The Rabi crop sowing has increased 6.5% above last year level.

Wheat has been sown/transplanted in 303.16 lakh hectares as on 06 January 2017 compared with sowing of 281.7 lakh hectares same time last season. The area under pulses also moved up 13.4% to 152.63 lakh hectares, while that under oil seeds also increased 8% to 80.63 lakh hectares.

However, the area under rice has declined 27.4% to 12.74 lakh hectares, while that under coarse cereals also fell 6.6% to 53.60 lakh hectares as on 06 January 2017 over a year ago.

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IndusInd Bank allots 9,769 equity shares
Jan 06,2017

IndusInd Bank has allotted 9,769 (Nine Thousand Seven Hundred Sixty Nine) equity shares of Rs. 10/- (Rupees Ten Only) each on 06 January 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Cinerad Communications shifts registered office
Jan 06,2017

Cinerad Communications announced that the Board of Directors at its meeting held on 19 May 2016 decided to change the Registered Office of the Company from Om Heera Panna Premises Co-operative Society Ltd. Premises No. G-58, Ground Floor, Near Oshiwara Police Station, Oshiwara, Andheri (W), Mumbai-400053 (Maharashtra) to Subol Dutt Building, 13, Brabourne Road, Mezzanine Floor, Kolkata-700001 (West Bengal).

The effective date of change in the Registered Office Address is 02 January 2017.

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GDP growth pegged at 7.1% for FY2017: First Advance Estimates
Jan 06,2017

As per the first advances estimates of Real GDP or Gross Domestic Product (GDP) released by the Central Statistics Office (CSO), the GDP growth at constant (2011-12) prices is estimated at 7.1% for FY2017, showing moderation from 7.6% in FY2016..

Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase 7.0% in FY2017 against 7.2% growth in FY2016.

The sectors which registered growth rate of over 7.0% are, public administration, defence and other services, financial, real estate and professional services and manufacturing. The growth in the agriculture, forestry and fishing, mining and quarrying, electricity, gas, water supply and other utility services, construction and Trade, hotels, transport, communication and services related to broadcasting is estimated to be 4.1%, (-) 1.8%, 6.5%, 2.9% and 6.0% respectively.

The per capita income in real terms (at 2011-12 prices) during FY2017 is likely to attain a level of Rs 81805 as compared to Rs 77,435 for the year FY2016. The growth rate in per capita income is estimated at 5.6% during FY2017, as against 6.2% in the previous year.

The per capita net national income during FY2017 is estimated to be Rs 103,007 showing a rise of 10.4% as compared to Rs 93,293 during FY2016 with the growth rate of 7.4%.

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs 89.72 lakh crore in FY2017 as against Rs 80.78 lakh crore in FY2016. At constant (2011-12) prices, the PFCE is estimated at Rs 67.13 lakh crore in FY2017 as against Rs 63.01 lakh crore in FY2016. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during FY2017 are estimated at 59.1% and 55.2%, respectively, as against the corresponding rates of 59.5% and 55.5%, respectively in FY2016.

Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs 18.61 lakh crore in FY2017 as against Rs 14.39 lakh crore in FY2016. At constant (2011-12) prices, the GFCE is estimated at Rs 13.95 lakh crore in FY2017as against Rs 11.27 lakh crore in FY2016. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during FY2017 are estimated at 12.3% and 11.5%, respectively, as against the corresponding rates of 10.6% and 9.9%, respectively in FY2016.

Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs 40.39 lakh crore in FY2017 as against Rs 39.72 lakh crore in FY2016. At constant (2011-12) prices, the GFCF is estimated at Rs 35.35 lakh crore in FY2017 as against Rs 35.41 lakh crore in FY2016. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during FY2017 are estimated at 26.6% and 29.1%, respectively, as against the corresponding rates of 29.3% and 31.2%, respectively in FY2016. The GFCF is expected to register growth rate of 1.7% at current prices and (-) 0.2% at constant prices.

The next release of second advance estimates of national income for the year FY2017 and quarterly GDP estimate for the quarter April-December, 2016 (Q3 of FY2017) will be on 28 February 2016.

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Board of Archies announces resignation of director
Jan 06,2017

Archies announced that Deepak Thakkar, Non Executive Director has resigned from the office of Board of Directors of the Company w.e.f. 05 January 2017 due to some other commitments.

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Rashtriya Chemicals & Fertilizers issues Commercial Paper worth Rs 75 cr
Jan 06,2017

Rashtriya Chemicals & Fertilizers announced that in terms of the guidelines issued by the Reserve Bank of India, the Company has issued Commercial Paper for Rs.75 crore on 06 January 2017, in favour of HDFC Bank , having maturity date as 30 March 2017.

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Board of Marathwada Refractories accepts resignation of company secretary
Jan 06,2017

Marathwada Refractories announced that Moumita Sen has resigned from the post of Company Secretary.

The Board has accepted her resignation and relieved her of her responsibilities effective from the close of business hours on 06 January 2017. Consequent to her resignation as Company Secretary, Moumita Sen also ceases to be Compliance Officer of the Company.

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Xchanging Solutions announces resignation of CF
Jan 06,2017

Xchanging Solutions announced that the Company has received a resignation letter from Rajeev Kachhal, CFO with effect from 09 January 2017 (Close of business hours) due to his resignation from CSC group.

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