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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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Moryo Industries to consider change in directorate
Jan 03,2017

Moryo Industries announced that a meeting of the Board of Directors of the Company will be held on 11 January 2017, inter alia, to discuss and approve the followings:

1. Appointment of Dimpal D Vakil as the Director of the company.

2. Resignation of Dipti Lalwani as the Director of the company.

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Baid Leasing & Finance Co to announce December quarter results
Jan 03,2017

Baid Leasing & Finance Co announced that a meeting of the Board of Directors of the Company will be held on 12 January 2017, inter alia, to consider and approve the un-audited Financial Results of the Company for the quarter ended on 31 December 2016.

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Baid Leasing & Finance Co to announce December quarter results
Jan 03,2017

Baid Leasing & Finance Co announced that a meeting of the Board of Directors of the Company will be held on 12 January 2017, inter alia, to consider and approve the un-audited Financial Results of the Company for the quarter ended on 31 December 2016.

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Board of Kovai Medical Center & Hospital to consider December quarter results
Jan 03,2017

Kovai Medical Center & Hospital announced that the Board Meeting of Company will be held on 03 February 2017, inter alia, to consider the Un-audited Financial Results of the Company for the quarter ended 31 December 2016 and to take the same on record.

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Board of Kovai Medical Center & Hospital to consider December quarter results
Jan 03,2017

Kovai Medical Center & Hospital announced that the Board Meeting of Company will be held on 03 February 2017, inter alia, to consider the Un-audited Financial Results of the Company for the quarter ended 31 December 2016 and to take the same on record.

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Bond yield decline on surprise cut in government borrowing
Jan 03,2017

India bond yield declined to 6.37% at 1.10 pm on 3 January 2017, after the government unexpectedly lowered its borrowing target for the financial year. After reviewing the cash position of the Central Government, Government of India, in consultation with Reserve Bank of India, has revised the auction calendar for the issuance of Government dated securities for the remaining part of H2 of 2016-17. The administration will sell notes worth Rs 66000 crore through six equal weekly auctions between 02 January 2017 to 10 February 2017. Thats Rs 18000 crore less than what was planned earlier in the borrowing calendar released in September.

The yield on 10-year benchmark federal paper, 6.97% GS 2026, dipped 7 basis points to 6.33% at 10.11 IST, compared with 6.40% at close in the previous trading session. A close at this level will be the lowest since 05 December 2016, when yield eased to 6.20%. The yield sank 11 basis points, the most in six weeks, on 02 January 2017 after banks slashed their key lending rates, boosting speculation that cash conditions in the financial system will stay benign and support demand for debt.

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Steel Authority of India gets revision in credit ratings
Jan 03,2017

Steel Authority of India has received revision in credit ratings from CARE as follows -

Long term bond programme-I (Rs 4323 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-II (Rs 3000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-III (Rs 6000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-IV (Rs 2000 crore) - CARE AA; Negative (Revised from CARE AA+)

Proposed long term bond programme-V (Rs 2000 crore) - CARE AA; Negative (Assigned)

Proposed long term Public Deposit programme (Rs 1000 crore) - CARE AA; Negative (Revised from CARE AA+)

Short term CP/ CD programme (Rs 8000 crore) - CARE A1+ (Reaffirmed).

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Steel Authority of India gets revision in credit ratings
Jan 03,2017

Steel Authority of India has received revision in credit ratings from CARE as follows -

Long term bond programme-I (Rs 4323 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-II (Rs 3000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-III (Rs 6000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-IV (Rs 2000 crore) - CARE AA; Negative (Revised from CARE AA+)

Proposed long term bond programme-V (Rs 2000 crore) - CARE AA; Negative (Assigned)

Proposed long term Public Deposit programme (Rs 1000 crore) - CARE AA; Negative (Revised from CARE AA+)

Short term CP/ CD programme (Rs 8000 crore) - CARE A1+ (Reaffirmed).

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Board of Vindhya Telelinks approves proposal for private placement of NCDs upto Rs 150 cr
Jan 03,2017

Vindhya Telelinks announced that the Board of Directors of the Company at its meeting held on 03 January 2017, have approved the proposal for issuance of Bonds/Redeemable Non-convertible Debentures (NCDs)/other Debt Securities on private placement basis, in one or more tranches, aggregating upto Rs. 150 crore subject to approval of members through postal ballot.

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Board of Vindhya Telelinks approves proposal for private placement of NCDs upto Rs 150 cr
Jan 03,2017

Vindhya Telelinks announced that the Board of Directors of the Company at its meeting held on 03 January 2017, have approved the proposal for issuance of Bonds/Redeemable Non-convertible Debentures (NCDs)/other Debt Securities on private placement basis, in one or more tranches, aggregating upto Rs. 150 crore subject to approval of members through postal ballot.

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Board of MPIL Corporation to consider Q3 and 9M results
Jan 03,2017

MPIL Corporation announced that a meeting of the Board of Directors of the Company is scheduled to be held on 11 January 2017, inter alia, to consider and take on records the Un-audited Financial Results of the Company for the quarter / nine months ended 31 December 2016.

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Vindhya Telelinks appoints compliance officer
Jan 03,2017

Vindhya Telelinks has appointed Raj Kumar Agarwal, Vice President (Commercial) & Secretary, a whole-time Key Managerial Personnel as the additional Compliance Officer for the purpose of Regulation 30(5).

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Kirloskar Oil Engines to announce Q3 and 9M results
Jan 03,2017

Kirloskar Oil Engines announced that a meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider and approve un-audited financial results of the Company for the quarter and nine months ended 31 December 2016.

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Remsons Industries received Rs 1.12 crore against insurance claims
Jan 03,2017

Remsons Industries provided update on developments with reference to the disruption in the operations at the Companys factories located at Goodluck House, Survey No. 729/1, Ringanwada, Village Dabhel, Daman - 396210 and Survey No. 146, Paria Road, Village - Khadki, Pardi-396121 at Gujarat. The Company intimated the quantum of damage at Rs 1.29 crore and has filed the same with the Insurance Company. The Insurance has released Rs 1.12 crore as full and final payment against the said estimate amount of damage. The plant is returning to normalcy in phases since 04 August 2016. The financial loss is Rs 17.25 lakh.

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Crompton Greaves Consumer Electricals to announce December quarter results
Jan 03,2017

Crompton Greaves Consumer Electricals announced that the meeting of Board of Directors of the Company is scheduled to be held on 24 January 2017, inter alia, to consider the standalone unaudited financial statement for the quarter ended 31 December 2016.

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