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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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Tech Mahindra to hold board meeting
Oct 04,2016

Tech Mahindra will hold a meeting of the Board of Directors of the Company on 27 October 2016.

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Steel Strips Wheels to hold board meeting
Oct 04,2016

Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 15 October 2016.

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Dolphin Offshore Enterprises (India) to hold board meeting
Oct 04,2016

Dolphin Offshore Enterprises (India) will hold a meeting of the Board of Directors of the Company on 10 November 2016.

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Naraingarh Sugar Mills to hold board meeting
Oct 04,2016

Naraingarh Sugar Mills will hold a meeting of the Board of Directors of the Company on 3 October 2016.

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Magna Eletrocasting to hold board meeting
Oct 04,2016

Magna Eletrocasting will hold a meeting of the Board of Directors of the Company on 3 November 2016.

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Berger Paints India to hold board meeting
Oct 04,2016

Berger Paints India will hold a meeting of the Board of Directors of the Company on 3 November 2016.

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Timken India to hold board meeting
Oct 04,2016

Timken India will hold a meeting of the Board of Directors of the Company on 28 November 2016.

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Baba Arts to hold board meeting
Oct 04,2016

Baba Arts will hold a meeting of the Board of Directors of the Company on 13 October 2016.

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Jasch Industries to hold board meeting
Oct 04,2016

Jasch Industries will hold a meeting of the Board of Directors of the Company on 15 October 2016 to consider and approve stand-alone unaudited Financial Results of the Company for the Quarter and half year ended on September 30, 2016.

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Kaira Can Company to hold board meeting
Oct 04,2016

Kaira Can Company will hold a meeting of the Board of Directors of the Company on 11 November 2016.

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Mangalya Soft-Tech to hold board meeting
Oct 04,2016

Mangalya Soft-Tech will hold a meeting of the Board of Directors of the Company on 29 October 2016.

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Government unveils sustainable Urban Development strategy for next 20 years
Oct 04,2016

The Government today made public the Urban Development strategy for the next 20 years intending to give a big push to use growing urbanization for rapid economic development while at the same time committing itself to address issues of sustainable development and climate change. Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu released India Habitat III-National Report ahead of the UN Habitat III Conference in Quito, Ecuador late this month where a global New Urban Agenda for the next 20 years is going to be adopted.

Speaking on the occasion of World Habitat Day, Shri Naidu said n++The challenge is about ensuring sustainable development while taking advantage of economic growth that results from rapid urbanization in the country. For long, urbanization has been looked at from the limited perspective of providing basic services. But our contemporary response shall be wide ranging aiming at serving larger macro-economic transformational goals together with meeting local priorities. We need to go for a big push to harness fully the potential of urbanizationn++.

Stating that cities need to be made efficient, productive, inclusive, safe and sustainable, Shri Naidu said the agenda for the next two decades proposed in the National Report will be ensuring economic growth and productivity, improving quality of life and importantly, addressing issues of inclusivity, sustainability and climate change.

Elaborating on the strategy for transforming urban India, the Minister said it will be achieved through elimination of barriers to the flow of factors of production like capital, land and labour, development of rural and urban areas in a synergetic manner adopting a regional planning approach, promoting inclusivity by ensuring urban services to all, sustainable urban planning, empowering municipalities to improve governance and deal with exclusion issues, housing for all urban poor and ensuring social justice and gender equity.

Shri Naidu said that the outcomes of new urban agenda based on sustainable urban planning would include reducing water and electricity use by 50% from that of normal use, enabling over 60% of urban travel by public transport, generating half of power from renewable sources, promoting walking and cycling for last mile connectivity, compact and cluster urban development, promoting natural drainage patterns, reducing waste generation of all kind, promoting greenery and public places etc.

Referring to India ratifying Paris Agreement on Climate Change yesterday, Shri Naidu said It is an eloquent testimony of Indias commitment to sustainable developmentn++.

Referring to the theme of this years Word Habitat Day of Housing at Centre, Shri Naidu informed that under Pradhan Mantri Awas Yojana (Urban) launched in June last year, construction of 10,10,424 houses for urban poor has been approved which is close to 10.30 lakh houses approved during the nine years of JNNURM during 2005-14. An investment of Rs.59,771 cr has been approved with Central Assistance of Rs.14,955 cr, he said.

Shri Naidu further said that new urban missions launched over the last two years marked a paradigm shift in the countrys approach to urban development and were aimed at promotion and development of urban human settlements as inclusive and sustainable entities.

Minister of State for Housing & Urban Poverty Alleviation Shri Rao Inderjit Singh and Secretary(HUPA) Dr.Nandita Chatterjee also spoke on the occasion.

Differently abled children who have won in the painting competitions organized on the theme of World Habitat Day were felicitated by the Ministers.

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Inlac Granston to hold AGM
Oct 04,2016

Inlac Granston announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Amtek Auto spurts on reports Mahindra CIE interested in buying business asset
Oct 04,2016

Meanwhile, the BSE Sensex was up 92.02 points, or 0.33%, to 28,335.31.

On BSE, so far 10.73 lakh shares were traded in the counter, compared with average daily volume of 10.63 lakh shares in the past one quarter. The stock hit a high of Rs 50.30 and a low of Rs 48.20 so far during the day. The stock hit a 52-week high of Rs 56.20 on 26 July 2016. The stock hit a 52-week low of Rs 26.05 on 12 February 2016. The stock had outperformed the market over the past 30 days till 3 October 2016, rising 2.84% compared with 1.01% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.16% as against Sensexs 3.96% rise.

The small-cap company has equity capital of Rs 44.95 crore. Face value per share is Rs 2.

Shares of Mahindra CIE Automotive jumped 6.14% to Rs 204. According to reports, Amtek Auto is liquidating its overseas assets to bring down its debt of Rs 15000 crore. For this Amtek has been talking to companies in India and others global entities since the past several months. However, the deal has been repeatedly stuck over valuations. Mahindra CIE Automotive has not yet got into a serious dialogue with the Amtek Auto promoters, reports added.

The units up for grabs belongs to the Germany-based Amtek Tekfor Holding GmbH which makes parts for transmissions, engines and drivelines. The company has five plants in Europe, two in south America, two in Asia and one in North America. Its clients include Volkswagen Group, Fiat, BMW, Daimler to name a few, reports suggested.

Amtek Auto reported net loss of Rs 319.68 crore in Q1 June 2016 as against net loss of Rs 157.60 crore in Q1 June 2015. Net sales declined 36.80% to Rs 539.83 crore in Q1 June 2016 over Q1 June 2015.

Amtek Auto is one of the largest integrated component manufacturers in India with a strong global presence. It has also become one of the worlds largest global forging and integrated machining companies.

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Jubilant FoodWorks inches up after announcing new pizza for Navratras
Oct 04,2016

The announcement was made after market hours yesterday, 3 October 2016.

Meanwhile, the S&P BSE Sensex was up 80.98 points or 0.29% at 28,324.27.

On BSE, so far 3,310 shares were traded in the counter as against average daily volume of 58,207 shares in the past one quarter. The stock hit a high of Rs 983.75 and a low of Rs 977.40 so far during the day. The stock had hit a 52-week high of Rs 1689.30 on 6 October 2015. The stock had hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had underperformed the market over the past one month till 3 October 2016, sliding 17.49% compared with 1.01% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 17.04% as against Sensexs 4.05% rise.

The mid-cap company has equity capital of Rs 65.84 crore. Face value per share is Rs 10.

The latest innovative offering by Jubilant FoodWorks includes a 100% Vegetarian Pizza, Sago Pudding and Sabudana Crispies. During Navratras, Dominos Pizza will convert 459 of its 1,062 restaurants to All-vegetarian restaurants from 1 October 2016 till 10 October 2016. All the identified restaurants will serve the new Navratri Combo along with the other vegetarian items on the menu for the period. The menu will be available for dine-in as well as delivery (offline and online delivery).

Jubilant FoodWorks is scheduled to announce Q2 September 2016 results on 26 October 2016. The companys net profit declined 31.1% to Rs 19 crore on 6.7% growth in net sales to Rs 608.76 crore in Q1 June 2016 over Q1 June 2015.

Jubilant FoodWorks and its subsidiary operates Dominos Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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