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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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Karnataka Bank appoints director
Dec 30,2016

Karnataka Bank has appointed Dharmasthala Surendra Kumar as Additional Director at board meeting held on 29 December 2016.

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Tata Teleservices (Maharashtra) gets downgrad in long term issuer rating
Dec 30,2016

Tata Teleservices (Maharashtra) announced that India Ratings & Research (Ind-Ra) has downgraded the rating on the Long-Term Issuer Rating and the rating on Rs 750 crore Non-Convertible Debentures of the Company to IND A from IND A+ and the Outlook is Negative.

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Jubilant FoodWorks grants stock options
Dec 30,2016

Jubilant FoodWorks announced that the Nomination, Remuneration and Compensation Committee of the Company has, in its meeting held on 30 December 2016 granted 10,272 and 14,528 stock options under the JFL Employees Stock Option Scheme, 2011 and JFL Employees Stock Option Scheme 2016, respectively.

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State Bank of Travancore raises Tier I Capital aggregating Rs 600 crore
Dec 30,2016

State Bank of Travancore has allotted 6000 Basel III compliant, unlisted, non convertible, perpetual. unsecured subordinated, fully paid up Basel III compliant Additional Tier I Bonds for inclusion in Tier I Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each aggregating Rs 600 crore at a coupon rate of 8.50% per annum of private placement basis with a call option on 30 December 2021.

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Awareness about Copyrights pertaining to Film and TV Industry emphasised to counter piracy
Dec 30,2016

The Department of Industrial Policy and Promotion (DIPP) convened a meeting of Stakeholders including producers from film and TV industry to discuss copyright and related issues concerning the industry on 28 December 2016. The meeting was chaired by Mr. Rajiv Aggarwal, Joint Secretary

The Department appreciated the efforts being initiated by the Telangana Intellectual Property Crime Unit (TIPCU) to curb piracy of copyright protected material and expressed the need to adopt this model by other states also to check this menace within their respective jurisdiction. The participants also expressed their views on various provisions of the Copyright Law and their effective implementation to counter piracy. The department exhorted the industry to undertake measures to create awareness in the general public, especially the youth, about piracy and its ill-effects.

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Board of Lakshmi Precision Screws appoints director
Dec 30,2016

Lakshmi Precision Screws announced that the Board of Directors of the Company at its meeting held on 30 December 2016 has approved the appointment of Saumitra Choudhury as Additional Independent Director with effect from 30 December 2016.

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Board of IP Rings to consider rights issue
Dec 30,2016

IP Rings announced that a Meeting of the Board of Directors of the Company will be held on 04 January 2017, to consider the Rights entitlement ratio, Issue Price, and Record Date, in connection with the proposed Rights Issue.

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Bombay Oxygen Corporation intimates of termination of gas supply agreement
Dec 30,2016

Bombay Oxygen Corporation announced that Mukand has terminated the agreement of supply of gases from Kalwe unit of the Company w.e.f. 01 January 2017.

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Merck receives demand notice from National Pharmaceutical Pricing Authority
Dec 30,2016

Merck has received a demand notice from National Pharmaceutical Pricing Authority (NPPA) demanding a sum of Rs. 11.68 crore plus interest Rs. 15.78 crore alleging overcharging of price of the formulation, Polybion L 100 ML syrup, during the period from January 2006 to June 2009.

The government has issued the demand notice despite the fact that the Company was neither a manufacturer nor a marketer of the subject drug. The Company will challenge the said orders and will defend itself vigorously. The Company has been legally advised it has a good defendable case on merits.

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Siti Networks announces change in corporate office
Dec 30,2016

Siti Networks announced that the Corporate Office of the Company has been changed from n++GYS Global, Tower A, 4th Floor, Sector - 125, Noidan++ to n++4th Floor, Plot - 19 & 20, Sector- 16-A, Film City, Noida-201301 (U.P)n++

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Agro Tech Foods announces resignation of Director and Chairman
Dec 30,2016

Agro Tech Foods announced that Anna Biehn has tendered her resignation as Director & Chairperson from the Board of Directors of the Company with effect from the close of business hours of 30 December 2016.

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Board of AXISCADES Engineering Technologies allots equity shares
Dec 30,2016

AXISCADES Engineering Technologies announced that the Board of Directors of the Company at its meeting held on 30 December 2016, has issued and allotted 1,05,69,937 (One Crore Five Lakhs Sixty Nine Thousand Nine Hundred and Thirty Seven Only) New Equity shares of the Company to the Shareholders (as on the record date i.e. December 20, 2016) of India Aviation Training Institute as per the below mentioned swap ratio, approved in terms of the Scheme of Amalgamation sanctioned by the Honble High Court of Karnataka:

10 (Ten) fully paid-up equity share of Rs. 5/- each of Company shall be issued and allotted for every 45 (Forty Five) fully paid up equity share of Rs. 10/- each held in India Aviation Training Institute as on the record date (referred to as New Equity Shares).

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Fedders Lloyd Corporation allots equity shares
Dec 30,2016

Fedders Lloyd Corporation has allotted 20.60 lakh equity shares of face value of Rs 10 each on conversion of warrants.

Subsequent to the above allotment, the paid up share capital of the Company has increase to Rs 32.82 crore comprising of 3,28,29,700 equity shares of Rs 10 each.

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Transformers & Rectifiers India secures order worth Rs 92 cr
Dec 30,2016

Transformers & Rectifiers India announced that the Company has been awarded the order for 40 No. of 15MVA and 40 No. of 20MVA Power Transformers with Natural/synthetic Ester Oil of 66 kV Class amounting to Rs. 92 crore from Gujarat Energy Transmission Corporation (GETCO). The said order falls under the normal course of business. The Company neither has any interest in the entity that awarded the order nor fall within related party transactions. With this order, the Companys Order book as on date stands around Rs. 960 crore.

The Company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country.

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Board of Chromatic India approves change in directorate
Dec 30,2016

Chromatic India announced that inter alia, the following decisions were taken at the Meeting of the Board of Directors of the Company held on 30 December 2016:

1. Appointment of Mayank Kotadia as Additional (Independent Non Executive) Director w.e.f. 30 December 2016.

2. Accepted resignation of Chirag Shah as Independent Director w.e.f. 21 December 2016.

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