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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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Allahabad Bank gets ratings assigned for proposed Additional Tier 1 Bonds aggregating Rs 1000 crore
Jan 19,2017

Allahabad Bank announced that India Ratings and Research (India Ratings) have assigned IND A : Outlook Stable rating to Banks proposed Basel-III compliant Additional Tier 1 Bonds aggregating to Rs. 1000.00 crore.

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Sat Industries hikes stake in Sah Polymers
Jan 19,2017

Sat Industries has further acquired 8,70,000 (6.12%) equity shares of Sah Polymers, taking the total shareholding of the Company to 85.60%.

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Quick Heal Technologies adopts Dell EMCs XtremIO Platform
Jan 19,2017

Quick Heal Technologies has chosen Dell EMCs market-leading XtremlO all-fresh storage array to help accelerate its virtual machine environment to support the expansion of its enterprise security business.

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MEP Infrastructure Developers provides update on road project of Arawali-Kante section on NH-66
Jan 19,2017

MEP Infrastructure Developers announced that MEP SANJOSE Arawali Kante Road- Subsidiary Company of the Company, has achieved the financial closure as per the Concession Agreement executed with the Ministry of Road Transport and Highways [MORTH) dated June 28, 2016 for the Rehabilitation and up-gradation of NH-66 (Erstwhile NH-17] from km.241/300 to km 281/300 [Arawali-Kante section] to Four Lane with paved shoulder in the State of Maharashtra under NHDP IV on Hybrid Annuity Mode (HAM) by tying up of Project finance of Rs. 266.84 crore.

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Board of Sundaram Finance cancels decision to amalgamation subsidiaries
Jan 19,2017

Sundaram Finance announced that vide Resolution dated 18 January 2017, passed in circulation, the Board of Directors have decided to rescind the decision to amalgamate Sundaram Insurance Broking Services, a wholly-owned subsidiary of our Company, with LGF Services, another wholly-owned subsidiary of the Company.

Earlier, the Board of the Company at its meeting held on 31 October 2016, had decided in principle to amalgamate Sundaram Insurance Broking Services with LGF Services.

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Mindtree to pay interim dividend
Jan 19,2017

Mindtree announced that interim dividend of Rs 2 per share will be paid to the registered shareholders before 10 February 2017.

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Board of Mindtree declares interim dividend
Jan 19,2017

Mindtree announced that the Board of Directors at its meeting held on 19 January 2017 declared an interim dividend of 20% (Rs. 2/- per equity share of par value Rs. 10/- each). Interim dividend will be paid to the registered shareholders before 10 February 2017.

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Indias natural gas production flat in December 2016
Jan 19,2017

Indias natural gas production was flat at 2.74 billion cubic meters (bcm) in December 2016 over December 2015. Natural gas output of ONGC rose 5.9% to 1.93 bcm, but that of private and JV companies dipped 13.6% to 0.56 bcm. Meanwhile, the natural gas production of Oil India also fell 7.4% to 0.25 bcm in December 2016.

Natural gas output declined 3.3% to 23.89 bcm in April-December 2016 over April-December 2015.

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Indias crude oil refinery output rises 5.3% in December 2016
Jan 19,2017

Indias crude oil refinery output increased 5.3% to 20.73 million tonnes (mt) in December 2016 over December 2015. The output of public sector refineries improved 11.2% to 11.39 mt, while the output of private refineries dipped 3.0% to 7.89 mt. Further, the refinery output of public-private JV refiners moved up 11.0% to 1.45 mt in December 2016.

Among public refineries, the output of Chennai Petroleum Corporation increased 48.1% to 0.70 mt, while the output of Bharat Petroleum Corporation moved up 12.7% to 2.19 mt and Indian Oil Corporation 12.3% to 5.36 mt in December 2016 over December 2015. The output of Numaligarh Refineries also inched up 11.2% to 0.26 mt and Hindustan Petroleum Corporation 7.7% to 1.54 mt, but the output of Mangalore Refineries declined 3.5% to 1.33 mt in December 2016.

Among private refiners, the output of Reliance Petroleum fell 3.0% to 6.20 mt, while that of Essar Oil declined 3.3% to 1.70 mt in December 2016 over December 2015. Among JV refineries, the output of Bharat Oman jumped 28.0% to 0.58 mt, while the output of HPCL Mittal rose 2.0% to 0.87 mt in December 2015.

The cumulative refinery output increased 6.7% to 178.59 mt in April-December 2016. The output of public refineries increased 10.9% to 96.45 mt, while that of private refineries moved up 2.9% to 70.32 mt. The refinery output of JV refineries declined 1.7% to 11.82 mt in April-December 2016. Among public refineries, the output of Chennai Petroleum Corporation improved 21.2%, Indian Oil Corporation 12.9%, Bharat Petroleum Corporation 8.4%, Mangalore Refineries 7.7%, Numaligarh Refineries 6.5% and Hindustan Petroleum Corporation 5.4%.

The overall capacity utilization was lower at 109.7% in December 2016 compared with 110.6% in December 2015, while it was higher at 106.1% in April-December 2016 compared with 105.5% in April-December 2015.

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Indias crude oil production declines 0.8% in December 2016
Jan 19,2017

Indias crude oil production declined 0.8% to 3.06 million tonnes (mt) in December 2016 over December 2015. Crude oil output of ONGC rose 0.5% to 1.90 mt, while that of Oil India also improved 3.9% to 0.28 mt. However, the crude oil production of private and joint venture (JV) companies dipped 4.8% to 0.87 mt in December 2016. ONGCs offshore output declined 0.7% to 1.40 mt, while onshore production rose 3.7% to 0.51 mt.

Crude oil output fell 3.2% to 27.05 mt in April-December period of the fiscal year ending March 2017 (April-December 2016), in addition to 0.8% fall recorded in the corresponding period of last year. Output of ONGC eased 1.5% to 16.63 mt, while that of Oil India declined 0.8% to 2.43 mt and private companies fell 7.3% to 7.99 mt in April-December 2016 over April-December 2015.

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Rupee plunges
Jan 19,2017

Rupee closed lower at 68.1077/1278 per dollar on Thursday (19 January 2017), versus its previous close of 68.07/08 per dollar.

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Negotiation Committee Constituted on Mahanadi and its Tributaries
Jan 19,2017

Ministry of Water Resources, River Development and Ganga Rejuvenation has constituted a negotiations committee to assess availability and utilisation of waters of Mahanadi and its tributaries. The committee will also examine existing water sharing agreements on river Mahanadi and will consider claims of Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and Jharkhand regarding availability and utilisation of waters of these rivers.

The committee has been set up with reference to complaint of State of Odisha under section 3 of the ISRWD Act, 1956 regarding utilisation of waters of Mahandi Basin. The committee will be chaired by Member (WP&P), Central Water Commission and will have 11 other members comprising representatives from the States of Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and Jharkhand, Union Ministries of Agriculture, Environment Forest and Climate Change, Water Resources, River Development and Ganga Rejuvenation, India Meteorological Department and Central Water Commission. The committee has been asked to submit its report within three months.

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Titan Company to announce Q3 results
Jan 19,2017

Titan Company announced that a meeting of the Board of Directors of the Company is scheduled on 07 February 2017, to consider and approve the Unaudited Financial Results(stand-alone) for the third quarter ended 31 December 2016 (Q3).

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Dhunseri Petrochem to announce December quarter results
Jan 19,2017

Dhunseri Petrochem announced that a meeting of the Board of Directors of the Company, shall be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

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Outcome of board meeting of Lloyds Metals & Energy
Jan 19,2017

Lloyds Metals & Energy announced that the Board of Directors of the Company at its meeting held on 19 January 2017 approved the following -

Memorandum of Understanding to be entered with Maharashtra Industrial Development Corporation for perchance of land in Gadchiroli district for setting up steel plant by the Company.

Proposal for renewal and increase in cash credit limit from Rs 15 crore to Rs 30 crore.

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