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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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Central Bank of India allots equity shares to LIC
Dec 05,2016

Central Bank of India announced that Capital Raising Committee of the Board of Directors of the Bank at its meeting held on 05 December 2016 has allotted 1,71,44,954 equity shares of the face value of Rs. 10/- each to Life Insurance Corporation of India (LIC) at the issue price of Rs. 91.45 per equity share aggregating to Rs. 156,79,06,043.30 (Rupees One Hundred Fifty Six Crore Seventy Nine Lakh Six Thousand Forty Three and Paisa Thirty Only) subsequent to passing of the Special Resolution by shareholders at Extra-ordinary General Meeting held on 29 November 2016 and the approval of Government of India vide letter dated 01 December 2016.

With this allotment, shareholding of LIC has gone up from 13.05% to 13.83%. Consequently, shareholding of President of India (Government of India) has reduced to 81.28% from 82.02%.

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Canara Bank to dilute its stake in Canbank Factors & Can Fin Homes
Dec 05,2016

Canara Bank announced that that the Sub-Committee of the Board of the Bank, vide orders dated 02 December 2016, permitted the Bank to float an RFP for empanelling the Investment / Merchant Bankers for diluting the Banks stake of 70% in Canbank Factors (Unlisted Company) and of 13.45% in Can Fin Homes (Listed Company).

Accordingly, the Bank is taking steps to float an RFP for empanelling the Investment / Merchant Bankers for the subject purpose.

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Tata Power Companys Strategic Engineering Division secures order worth over Rs 200 cr
Dec 05,2016

Tata Power Companys Strategic Engineering Division has received an order from Ministry of Defence, Government of India, for supply of one regiment of Command Post and Launcher of Pinaka Multi Rocket Launcher System to Indian Army. The order worth over Rs 200 crore includes supply of 20 launchers and 8 command posts.

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Wipro grants stock options
Dec 05,2016

Wipro has granted 44,38,000 (forty four lakhs and thirty eight thousand) Restricted Stock Units (RSUs) including ADS RSUs under Companys Restricted Stock Unit Plan 2007 and ADS Restricted Stock Unit Plan 2004 to its identified employees. This grant is effective from 01 December 2016.These shall vest as per the vesting schedule approved by the Board Governance, Nomination and Compensation Committee of the Board and can be exercised over the exercise period as approved by the Committee.

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Goa Carbon temporarily shuts down Bilaspur unit
Dec 05,2016

Goa Carbon announced that the operations at the Companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down from Saturday, 03 December 2016.

There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there is sufficient inventory to service the orders in hand.

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Oracle Financial Services Software provides business update
Dec 05,2016

Oracle Financial Services Software announced that due to significant devaluation of Egyptian Pound post the recent liberalization of the exchange rates by the Egypt Government, the Company is estimating a charge of Rs 60 crore on its receivables from customers in Egypt during the current quarter.

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Board of Bhartiya International appoints director
Dec 05,2016

Bhartiya International announced that the Board of Directors have, vide circular resolution dated 05 December 2016, appointed Sanjay Baweja as an Additional Director (Non-executive, Independent) with effect from 05 December 2016, to hold office upto the date of the ensuing Annual General Meeting of the Company.

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Gokak Textiles reports standalone net loss of Rs 10.72 crore in the September 2016 quarter
Dec 05,2016

Net Loss of Gokak Textiles reported to Rs 10.72 crore in the quarter ended September 2016 as against net loss of Rs 8.41 crore during the previous quarter ended September 2015. Sales declined 85.43% to Rs 10.98 crore in the quarter ended September 2016 as against Rs 75.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.9875.35 -85 OPM %-50.46-3.89 - PBDT-9.01-7.15 -26 PBT-10.92-8.97 -22 NP-10.72-8.41 -27

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Supreme Infrastructure India reports standalone net loss of Rs 43.39 crore in the September 2016 quarter
Dec 05,2016

Net loss of Supreme Infrastructure India reported to Rs 43.39 crore in the quarter ended September 2016 as against net profit of Rs 1.11 crore during the previous quarter ended September 2015. Sales declined 41.84% to Rs 194.05 crore in the quarter ended September 2016 as against Rs 333.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales194.05333.65 -42 OPM %5.4518.05 - PBDT-37.129.63 PL PBT-43.391.86 PL NP-43.391.11 PL

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Kolte Patil Developers standalone net profit rises 97.42% in the September 2016 quarter
Dec 05,2016

Net profit of Kolte Patil Developers rose 97.42% to Rs 9.20 crore in the quarter ended September 2016 as against Rs 4.66 crore during the previous quarter ended September 2015. Sales rose 57.33% to Rs 63.78 crore in the quarter ended September 2016 as against Rs 40.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales63.7840.54 57 OPM %8.1820.89 - PBDT11.018.10 36 PBT9.757.02 39 NP9.204.66 97

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Parsvnath Developers reports standalone net loss of Rs 6.22 crore in the September 2016 quarter
Dec 05,2016

Net Loss of Parsvnath Developers reported to Rs 6.22 crore in the quarter ended September 2016 as against net loss of Rs 12.27 crore during the previous quarter ended September 2015. Sales declined 0.12% to Rs 48.16 crore in the quarter ended September 2016 as against Rs 48.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales48.1648.22 0 OPM %10.49-4.89 - PBDT-6.13-16.94 64 PBT-8.25-19.40 57 NP-6.22-12.27 49

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GE Power India reports standalone net loss of Rs 97.10 crore in the September 2016 quarter
Dec 05,2016

Net Loss of GE Power India reported to Rs 97.10 crore in the quarter ended September 2016 as against net loss of Rs 48.02 crore during the previous quarter ended September 2015. Sales declined 9.78% to Rs 477.65 crore in the quarter ended September 2016 as against Rs 529.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales477.65529.43 -10 OPM %-24.19-20.21 - PBDT-119.17-52.52 -127 PBT-133.09-73.07 -82 NP-97.10-48.02 -102

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BGR Energy Systems standalone net profit rises 35.44% in the September 2016 quarter
Dec 05,2016

Net profit of BGR Energy Systems rose 35.44% to Rs 10.70 crore in the quarter ended September 2016 as against Rs 7.90 crore during the previous quarter ended September 2015. Sales declined 0.40% to Rs 824.66 crore in the quarter ended September 2016 as against Rs 827.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales824.66827.98 0 OPM %9.139.16 - PBDT23.0417.57 31 PBT16.3511.85 38 NP10.707.90 35

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D S Kulkarni Developers standalone net profit declines 97.46% in the September 2016 quarter
Dec 05,2016

Net profit of D S Kulkarni Developers declined 97.46% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 12.22 crore during the previous quarter ended September 2015. Sales declined 2.66% to Rs 52.30 crore in the quarter ended September 2016 as against Rs 53.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales52.3053.73 -3 OPM %8.1632.37 - PBDT2.7716.82 -84 PBT1.3416.15 -92 NP0.3112.22 -97

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Simplex Infrastructures standalone net profit declines 31.20% in the September 2016 quarter
Dec 05,2016

Net profit of Simplex Infrastructures declined 31.20% to Rs 17.84 crore in the quarter ended September 2016 as against Rs 25.93 crore during the previous quarter ended September 2015. Sales declined 11.56% to Rs 1256.74 crore in the quarter ended September 2016 as against Rs 1421.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1256.741421.02 -12 OPM %12.7211.67 - PBDT79.3691.08 -13 PBT29.4439.69 -26 NP17.8425.93 -31

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