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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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RMG Alloy Steel announces demise of director
Jan 13,2017

RMG Alloy Steel announced that the Company was intimated on 12 January 2017, of the sad demise of one of its Director Sahasranama Iyer.

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Infosys slips after declaring dull Q3 result
Jan 13,2017

The results are as per International Financial Reporting Standards (IFRS). The result was announced before market hours today, 13 January 2017.

Meanwhile, the S&P BSE Sensex was up 33.55 points or 0.12% at 27,280.71

On the BSE, so far 4.23 lakh shares were traded in the counter, compared with average daily volumes of 2.29 lakh shares in the past one quarter. The stock had hit a high of Rs 1,045 and a low of Rs 988.40 so far during the day. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock hit a 52-week low of Rs 900.30 on 9 November 2016.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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MOIL announces change in directorate
Jan 13,2017

MOIL has received Government of India letter dated 11 January 2017, extending the additional charge of the post of Director (Production & Planning), MOIL to T. K. Pattnaik, Director (Commercial), MOIL for further period of three months w.e.f. 01 February 2017, or till a regular incumbent joins the post, or until further orders, whichever is the earliest.

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Infosys consolidated net profit rises 7.01% in the December 2016 quarter
Jan 13,2017

Net profit of Infosys rose 7.01% to Rs 3708.00 crore in the quarter ended December 2016 as against Rs 3465.00 crore during the previous quarter ended December 2015. Sales rose 8.62% to Rs 17273.00 crore in the quarter ended December 2016 as against Rs 15902.00 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales17273.0015902.00 9 OPM %27.6027.22 - PBDT5587.005130.00 9 PBT5154.004761.00 8 NP3708.003465.00 7

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Tata Consultancy Services appoints CEO cum MD
Jan 13,2017

Tata Consultancy Services announced the appointment of Rajesh Gopinath as Chief Executive Officer and Managing Director. Gopinath takes over from N Chandrasekaran who has been appointed as Chairman of Tata Sons effective 21 February 2017.

TCS has also named N Ganapathy Subramaniam, wh is currently President, TCS Financial Solutions as the President and Chief Operating Officer and appointed him as a Director on the Board of the Company.

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Board of Sanco Trans approves change in company secretary and compliance officer
Jan 13,2017

Sanco Trans announced that the Board of Directors of the Company, by passing of resolution through circulation on 12 January 2017.

1. has accepted the resignation of B. Lakshmi Sowjanya from the post of Company Secretary and Compliance officer of the Company with effect from the closing hours of 31 December 2016.

2. has appointed S. R. Srinivasan, Director- Finance and Chief Financial Officer of the Company as Compliance Officer of the Company with effect from 10 January 2017 till the time a qualified Company Secretary is appointed as a Whole-time Company Secretary and Compliance Officer of the Company.

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Board of Tree House Education & Accessories approves converting owned schools into franchise
Jan 13,2017

Tree House Education & Accessories announced that the Board of Directors of the Company at its meeting held on 12 January 2017 has considered and approved to convert pre-school owned by the Company in its own name into franchise on such royalty fees and other terms and conditions as may be decided by any one or all Directors of the Company from time to time in the best interest of the Company.

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TCS drops after declaring muted Q3 result
Jan 13,2017

The result was announced after market hours yesterday, 12 January 2017. The results are as per International Financial Reporting Standards (IFRS).

Meanwhile, the S&P BSE Sensex was up 91.97 points, or 0.34%, to 27,339.13

On the BSE, so far 65,000 shares were traded in the counter, compared with average daily volumes of 95,222 shares in the past one quarter. The stock had hit a high of Rs 2,368 and a low of Rs 2,286 so far during the day.

The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 November 2016.

The large-cap IT major has equity capital of Rs 197.04 crore. Face value per share is Re 1.

TCS consolidated revenue in constant currency grew 2% in Q3 December 2016 over Q2 September 2016.

Commenting on the Q3 performance, CEO and MD, N Chandrasekaran said that the resilience of the companys business model and strength of its operating strategy has been brought to the fore by its performance in Q3, traditionally a quarter of weak demand. TCS strengths in digital, platforms and cloud as well as its deep knowledge of the customers domain are driving its ability to play a strategic role and make a holistic impact on the business.

Chandrasekaran added that to support and sustain the companys digital business that is growing at 30% on an annual basis, it continues to build new capabilities in digital technologies, empower employees to enhance agility in the workplace and invest more to develop IP-based platforms and products. Some of these products and platforms are maturing with greater customer adoption while others continue to be incubated in its innovation labs. As digital adoption increases in 2017, TCS is well prepared to lead this change.

Rajesh Gopinathan, Chief Financial Officer, said that TCS has shown great discipline and control at all levels to deliver another credible quarter. Alongside a good growth performance, the company has been able to keep profitability stable in the desired range and deliver over $1 billion in free cash flow during the quarter. Meanwhile, TCS after market hours yesterday, 12 January 2017 announced that Rajesh Gopinathan has been appointed as Chief Executive Officer (CEO) and Managing Director of the company. Gopinathan takes over from N Chandrasekaran who has been appointed as the Chairman of Tata Sons, effective 21 February 2017.

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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Infosys standalone net profit rises 13.78% in the December 2016 quarter
Jan 13,2017

Net profit of Infosys rose 13.78% to Rs 3599.00 crore in the quarter ended December 2016 as against Rs 3163.00 crore during the previous quarter ended December 2015. Sales rose 10.23% to Rs 14949.00 crore in the quarter ended December 2016 as against Rs 13562.00 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales14949.0013562.00 10 OPM %29.5528.69 - PBDT5222.004628.00 13 PBT4883.004353.00 12 NP3599.003163.00 14

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Alpha Hi-Tech Fuel reports standalone net loss of Rs 0.02 crore in the December 2016 quarter
Jan 13,2017

Net Loss of Alpha Hi-Tech Fuel reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Baid Leasing & Finance Co standalone net profit rises 13.24% in the December 2016 quarter
Jan 13,2017

Net profit of Baid Leasing & Finance Co rose 13.24% to Rs 0.77 crore in the quarter ended December 2016 as against Rs 0.68 crore during the previous quarter ended December 2015. Sales rose 45.98% to Rs 7.27 crore in the quarter ended December 2016 as against Rs 4.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales7.274.98 46 OPM %60.3966.27 - PBDT1.341.04 29 PBT1.311.00 31 NP0.770.68 13

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Shree Digvijay Cement Co. provides business update
Jan 13,2017

Shree Digvijay Cement Co. announced that the Company has received an order dated 9 January 2017 from the Honble High Court of Gujarat at Ahmedabad in SCA No. 21188 of 2016, whereby the Honble High Court has directed the Government of Gujarat to issue grant orders and execute mining leases, subject to obtaining Environmental Clearance and fulfillment of other conditions as per said High Court Order, in respect of the areas mentioned in the following letters of intent issued by the Government of Gujarat:

1. Letter of Intent bearing No. MCR-1103-2119 (1) CHH dated 9 November 2005 for grant of mining lease in Village Mokhana, Taluka Bhanvad, District Jamnagar (Now Devbhumi Dwarka);

2. Letter of Intent bearing No. MCR-1103-2119 (2) CHH dated 9 November 2005 for grant of mining lease in Village Pachhtardi, Taluka Bhanvad, District Jamnagar (Now Devbhumi Dwarka);

3. Letter of Intent bearing No. MCR-1103-2119 (3) CHH dated 9 November 2005 for grant of mining lease in Village Dhebar and Village Bhavaneshvar, Taluka Bhanvad, District Jamnagar (Now Devbhumi Dwarka).

In compliance with the directions of the Gujarat High Court and subsequent receipt of separate Grant Orders from the Government of Gujarat on 09 January 2017 in respect of the above Letter of Intent, the Company has on 11 January 2017 executed the mining leases in respect of the previously mentioned mines for a period of 50 years each.

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Reliance Industrial Infrastructure standalone net profit declines 31.91% in the December 2016 quarter
Jan 13,2017

Net profit of Reliance Industrial Infrastructure declined 31.91% to Rs 2.71 crore in the quarter ended December 2016 as against Rs 3.98 crore during the previous quarter ended December 2015. Sales rose 3.84% to Rs 22.98 crore in the quarter ended December 2016 as against Rs 22.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales22.9822.13 4 OPM %20.9324.99 - PBDT7.388.36 -12 PBT3.805.20 -27 NP2.713.98 -32

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Amal standalone net profit rises 229.63% in the December 2016 quarter
Jan 13,2017

Net profit of Amal rose 229.63% to Rs 4.45 crore in the quarter ended December 2016 as against Rs 1.35 crore during the previous quarter ended December 2015. Sales rose 38.20% to Rs 8.14 crore in the quarter ended December 2016 as against Rs 5.89 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales8.145.89 38 OPM %55.4124.28 - PBDT4.541.44 215 PBT4.451.35 230 NP4.451.35 230

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Indag Rubber standalone net profit declines 45.82% in the December 2016 quarter
Jan 13,2017

Net profit of Indag Rubber declined 45.82% to Rs 4.15 crore in the quarter ended December 2016 as against Rs 7.66 crore during the previous quarter ended December 2015. Sales declined 27.59% to Rs 45.01 crore in the quarter ended December 2016 as against Rs 62.16 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales45.0162.16 -28 OPM %13.6618.45 - PBDT6.8912.25 -44 PBT6.1211.51 -47 NP4.157.66 -46

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