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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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Board of KPIT Technologies to consider Q3 results
Jan 04,2017

KPIT Technologies announced that a meeting of the Board of Directors of the Company is scheduled to be held on 18 January 2017, inter alia, to consider and approve the unaudited financial results of the Company along with the Limited Review Report for the quarter and nine months ended 31 December 2016 (Q3).

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Prima Plastics provides update on its JV in Camerron, West Africa
Jan 04,2017

Prima Plastics announced about the following :

1. Prima Dee-Lite Plastics sarl at (Camerron, West Africa) has successfully completed expansion project undertaken to enhance its capacity of production. The existing capacity of the Company of 4500 tons per annum is increased to 8500 tons per annum. The commercial production at the plant has commenced on 03 January 2017.

2. The Company has received Euro 4,82,342.10/- (Rs 3.51 crore) as Dividend from the Joint Venture company - Prima Dee Lite Plastics sarl (Cameroon, West Africa) on 21 December 2016.

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Gujarat Narmada Valley Fertilizers & Chemicals to announce Q3 and 9M results
Jan 04,2017

Gujarat Narmada Valley Fertilizers & Chemicals announced that the meeting of the Board of Directors of the Company will be held on 23 January 2017, inter alia, to approve the Unaudited Financial Results for the Third Quarter / Nine Months ended 31 December 2016.

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Inditrade Capital provides update on subsidiary
Jan 04,2017

Inditrade Capital announced that pursuant to approval of the Registrar of Companies, the name of step down subsidiary Company has been changed from Edel Commodities Trading to Inditrade Commodities Trading with effect from 03 January 2017.

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Helpline for Handloom Weavers BunkarMitra starts functioning
Jan 04,2017

n++BunkarMitran++, the Government of Indias Helpline for Handloom Weavers, went live today. The helpline was launched by the Union Textiles Minister Smt. Smriti Zubin Irani.

Interacting with an official of the call centrehousing the helpline agents, the Minister said that the helpline is a great mix of technology, youth and tradition. She told the officials of the Ministry to monitor issues on which maximum complaints are received, so that corrective actions can be taken accordingly.

The helpline provides a single point of contact to handloom weavers across the country for addressing queries and providing guidance. This helpline can be accessed by dialing the toll free number 1800-208-9988. Weavers can call from anywhere in India, from any number. The service is available from 10.00 A.M to 06.00 P.M, on all 7 days of the week, in seven languages: Hindi, English, Tamil, Telugu, Bengali, Kannada and Assamese.

The following services are available through this helpline:

n++Assistance on technical issues.

n++Guidance for:

n++Raw material supply.

n++Availing credit facility.

n++Quality control.

n++Access to marketing linkages.

n++Information about various schemes and procedure to avail benefits.

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BGR Energy gains after securing new orders
Jan 04,2017

The announcement was made during market hours today, 4 January 2017.

Meanwhile, the S&P BSE Sensex was down 5.21 points or 0.02% at 26,648.45.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 40,188 shares in the past one quarter. The stock had hit a high of Rs 121.55 and a low of Rs 117.75 so far during the day.

The stock had hit a 52-week high of Rs 138.80 on 6 January 2016 and a 52-week low of Rs 89.40 on 12 February 2016. It had outperformed the market over the past one month till 3 January 2017, advancing 4.66% compared with the Sensexs 1.57% rise. The scrip had also outperformed the market over the past one quarter gaining 4.84% as against the Sensexs 5.67% fall.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

With the latest orders, BGR Energy Systems now carries an order book of Rs 10425 crore.

BGR Energy Systems net profit rose 35.4% to Rs 10.70 crore on 0.4% decline in net sales to Rs 824.66 crore in Q2 September 2016 over Q2 September 2015.

BGR Energy Systems is a leading engineering, procurement and construction (EPC) and balance of plant (BoP) engineering and contracting company for power projects in India.

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Outcome of board meeting of La Tim Metal & Industries
Jan 04,2017

La Tim Metal & Industries announced that the Board of Directors of the Company at its meeting held on 04 January 2017 has transacted the following subject to approval of members in the EGM.

Approved increase in authorised share capital of the Company from Rs 5 crore to Rs 7 crore and alter the Memorandum of Association of the Company.

Decided to issue and allot 40 lakh convertible warrants of Rs 10 each on preferential allotment of basis.

Decided to acquire equity shares of La Tim Sourcing (India) to make 100% subsidiary.

Approved draft notice for convening EGM on 10 February 2017.

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Board of Oracle Credit appoints company secretary
Jan 04,2017

Oracle Credit announced that the Board of Directors of the Company at its meeting held on 04 January 2017 has inter-alia appointed Rupali Kulshrestha, as a Company Secretary and Compliance Officer of the Company w.e.f. 04 January 2017 pursuant to the provisions of Section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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IOL Chemicals & Pharmaceuticals gets revision in ratings for bank facilities
Jan 04,2017

IOL Chemicals & Pharmaceuticals announced that Credit Analysis & Research (CARE) has revised the credit rating for Long term Bank Facilities to CARE BB; Stable (Double B; Outlook: Stable) from CARE BB- (Double B Minus) and reaffirmed the credit rating for Short term Bank Facilities to CARE A4 (A Four).

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Board of Nagarjuna Agrichem to consider Q3 and 9M results
Jan 04,2017

Nagarjuna Agrichem announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 03 February 2017, inter alia, to consider, approve and take on record the Unaudited Financial Results for the third quarter and nine months ended 31 December 2016, and Limited Review Report of the Statutory Auditors of the Company on the said Unaudited Financial Results.

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Premier Explosives perks up after winning order
Jan 04,2017

The announcement was made during market hours today, 4 January 2016.

Meanwhile, the S&P BSE Sensex was down 29.65 points or 0.11% at 26,613.59.

On the BSE, 22,338 shares were traded in the counter so far as against average daily volume of 7,744 shares in the past one quarter. The stock had hit a high of Rs 385.90 and a low of Rs 355.05 so far during the day.

The order is for production of PSOM-XL developmental motor for use in the polar satellite launch vehicle (PSLV).

With receipt of the order, Premier Explosives would be foraying into the niche-space sector, which is a significant milestone for the company.

Premier Explosives is one of the major companies in India manufacturing the entire range of commercial explosives and accessories for the civil requirement.

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Emami Paper Mills to consider renewal cum enhancement of working capital facilities
Jan 04,2017

Emami Paper Mills announced that a Meeting of the Finance Committee of the Board of Directors of the Company will be held on 11 January 2017 to consider the following :

1. Renewal cum Enhancement of Working Capital Facilities within overall limit of Rs. 85 crore sanctioned by IDBI Bank.

2. Working Capital Facilities within overall limit of Rs. 85 crore sanctioned by IDFC Bank Limited.

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Buoyant Q4 sales volume guidance boosts Steel Strips Wheels
Jan 04,2017

The announcement was made during market hours today, 4 January 2017.

Meanwhile, the S&P BSE Sensex was up 25.29 points or 0.09% at 26,668.53.

On the BSE, 8,546 shares were traded on the counter so far as against the average daily volumes of 10,662 shares in the past one quarter. The stock had hit a high of Rs 692.10 and a low of Rs 656.10 so far during the day.

The stock had hit a record high of Rs 775 on 14 October 2016 and a 52-week low of Rs 284 on 17 February 2016. It had outperformed the market over the past one month till 3 January 2017, advancing 8.32% compared with the Sensexs 1.57% rise. The scrip had also outperformed the market over the past one quarter gaining 7.27% as against the Sensexs 5.67% fall.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

The buoyant volume growth guidance for Q4 March 2017 vis-n++-vis preceding sequential quarter is primarily driven by passenger cars and very good growth in tractors and truck segment.

The commercial vehicles (CV) segment is witnessing very good demand for Q4 March 2017 and will surely negate the demonetization impact, Steel Strips said. The portfolio growth of heavier wheels is getting into high double digit and will surely give its impact on the financial performance of the company in Q4 March 2017, it added.

Net profit of Steel Strips Wheels rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.

Steel Strips Wheels designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

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Board of NBCC (India) recommends bonus issue
Jan 04,2017

NBCC (India) announced that the Board of Directors of the Company at its meeting held on 04 January 2017, inter alia, recommended the issue of bonus shares.

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Bharti Airtel rings loud after announcing a special offer
Jan 04,2017

The announcement was made after market hours yesterday, 3 January 2017.

Meanwhile, the S&P BSE Sensex was up 21.10 points or 0.08% at 26,664.34.

On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one quarter. The stock had hit a high of Rs 308.35 and a low of Rs 299.95 so far during the day. The stock had hit a 52-week high of Rs 384.90 on 28 April 2016 and a 52-week low of Rs 282.30 on 29 January 2016.

The stock had underperformed the market over the past one month till 3 January 2017, falling 4.74% compared with the 1.57% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, declining 4.74% as against Sensexs 5.67% decline.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel announced a special offer under which, it will offer free data for 12 months, worth up to Rs 9,000, to customers who switch to Airtel 4G. With this, customers can now experience Indias fastest 4G network at great prices.

The twelve months offer is available to any customer with a 4G mobile handset that is currently not on the Airtel network. Any customer, including existing Airtel customers, upgrading to a new 4G handset can also avail this offer. This offer will be available to customer across India starting tomorrow and will close on 28 February 2017.

Customers will get free 3GB data every month till 31 December 2017 with select prepaid and postpaid packs under this offer. This free data benefit will be over and above the pack/plan benefits.

On a consolidated basis, Bharti Airtels net profit declined 4.9% to Rs 1460.70 crore on 3.4% growth in net sales to Rs 24651.50 crore in Q2 September 2016 over Q2 September 2015.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.

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