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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 JM Financial to consider interim dividend
Jan 17,2017

JM Financial announced that the Board of Directors of the Company will consider the declaration of interim dividend at its meeting convened on 23 January 2017.

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Board of Burnpur Cement approves change in CFO
Jan 17,2017

The Board of Directors of Burnpur Cement at its meeting held on 16 January 2017 accepted the resignation of Sajjan Kumar Agarwal as CFO of the Company and appointed Sandip Kumar Roy as CFO of the Company.

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Board of Geometric allots equity shares under ESOP
Jan 17,2017

Geometric announced that the Board of Directors of the Company at its meeting held on 16 January 2017, inter alia,

- Approved allotment of 237,290 (Two lakhs thirty seven thousand two hundred and ninety only) Equity shares of Rs. 2/- each on the exercise of vested stock options under the ESOP Scheme 2011 and ESOP Scheme 2013 - Employees.

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India & Mauritius Sign MoU for Cooperation in the field of Cooperatives
Jan 17,2017

The Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh and Minister of Business, Enterprise and Cooperatives, Govt. of Mauritius, Shri Soomilduth Bholah signed on MoU for Cooperation in the field of Cooperatives & related areas here today. The MoU will enable the two countries to collaborate in this vital sector and can significantly benefit thousands of Mauritians. India offered to exchange its expertise and technology with Mauritius in agro industry, fisheries and dairy sector.

The two ministers expressed satisfaction at the historic, time-tested relationship between India and Mauritius which is anchored in linkages of culture and ancestry has grown from strength to strength over the years, adding that frequent high level visits have added significant momentum to the bilateral relationship between the two countries.

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Pokarna provides update on subsidiary - Pokarna Engineered Stone
Jan 17,2017

Pokarna announced that its subsidiary Pokarna Engineered Stone, has secured exclusive rights to use Bretonstone technology in India through March 2020. Pokarna has used Bretonstone technology since 2009, when the company first began processing quartz in its Visakapatnam production facility.

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TCS in spotlight after partnering with Aurus
Jan 17,2017

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

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RIL in spotlight after Q3 results
Jan 17,2017

On a consolidated basis, Reliance Industries (RIL) net profit rose 3.6% to Rs 7506 crore on 16.1% increase in turnover to Rs 84189 crore in Q3 December 2016 over Q3 December 2015. Profit before depreciation, interest, and taxes (PBDIT) increased by 3.9% to Rs 14215 crore in Q3 December 2016 over Q3 December 2015. Profit Before Tax increased by 3.7% to Rs 10213 crore in Q3 December 2016 over Q3 December 2015. Cash Profit increased by 2.3% to Rs 10586 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 16 January 2017. The result is as per Indian Accounting Standards (Ind AS).

Bharat Petroleum Corporation (BPCL) said that it received in-principle approval for merger of Petronet CCK (PCCKL) with itself. PCCKL is a wholly-owned subsidiary of BPCL. The announcement was made after market hours yesterday, 16 January 2017.

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

TeamLease Services said it signed a definitive agreement to acquire 100% shares in Keystone Business Solutions, a company incorporated under Companies Act, 1956 through its wholly owned subsidiary, TeamLease Staffing Services. The proposed acquisition does not fall within related party transaction and the promoters of the company have no interest in the entity proposed to be acquired. The consideration involved in the transaction is Rs 8.2 crore payable in cash. Keystone Business Solutions was incorporated on 25 June 2009 which offers IT staffing solutions. It operates through its registered office situated in Bangalore, India. The indicative time period for completion of the acquisition is on or before 31 January 2017. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

Delta Corp said it was issued a licence for operations of a casino in Gangtok, Sikkim, under the Sikkim Casino (Control &Tax) Act, 2002. The company is fully ready to commence its casino operations and will do so immediately. The announcement was made after market hours yesterday, 16 January 2017.

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Oscar Investments announces resignation of company secretary
Jan 16,2017

Oscar Investments announced that the Company on 16 January 2017 has received a resignation letter from Karishma Jain, Company Secretary & Compliance Officer of the Company.

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Titan Company provides business update
Jan 16,2017

Titan Company announced that the Company had launched its second jewellery brand Gold Plus in 2005 for small-town South India, to better cater to the needs of the more traditional requirements of those customers. Since then, Gold Plus had grown to about 30 stores in size.

In the last decade, customers in the larger cities of South India have evolved in their tastes and aspirations and Titans main jewellery brand Tanishq has kept pace with them.

Given that evolution of the customers and Tanishq as well as the need to focus all energies and resources in todays circumstances, Titan Company has decided to consolidate its portfolio by migrating the Gold Plus network to become part of the Tanishq network.

With this, Titan Company is confident that Indias most desirable and profitable jewellery brand, Tanishq, will get even more desirable for customers and attractive to investors.

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Cosmo Films provides update on subsidiary - Global Holding Mauritius
Jan 16,2017

Cosmo Films announced that CF Global Holding Mauritius, a wholly owned subsidiary of Cosmo Films has ceased its activities and filed an application for winding up under section 309(1)(d) of the Companies Act, 2001 of Mauritius. Consequently, the shares of CF (Netherlands) Holdings B.V. (hither to held by CF Global Holding Mauritius ) stand transferred to the Company resulting into CF (Netherlands) Holding B.V. becoming a direct wholly owned subsidiary of the Company with effect from 12 January 2017.

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Rockon Enterprises appoints compliance officer
Jan 16,2017

Rockon Enterprises announced that Tanu Giriraj Agarwal (Whole Time Director) has been appointed as Compliance officer of the Company.

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TCI Industries allots Non Convertible Redeemable Preference Shares
Jan 16,2017

TCI Industries announced that pursuant to the Members approval accorded in their Annual General Meeting held on 02 August 2016, the Share Allotment Committee of the Board of Directors of the Company at its meeting held on 16 January 2017 has issued and allotted 13,709, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to the Promoter Group Companies.

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ICICI Bank announces change in nominee director
Jan 16,2017

ICICI Bank announced that Amit Agrawal, Joint Secretary, Department of Financial Services, Ministry of Finance, has been nominated as Government Nominee Director on the Board of ICICI Bank in place of Alok Tandon, with effect from 16 January 2017, as per the communication received from the Department of Financial Services, Ministry of Finance, on 16 January 2017.

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Eastern Treads wins two orders for supplying tyre retreading material
Jan 16,2017

Eastern Treads has won the tender for supplying the Tyre retreading materials to Karnataka State Road Transport Corporation & Rajasthan State Road Transport Corporation.

The Company obtained order to supply 200 MT and 90 MT of Tyre retreading materials respectively from Rajasthan State Road Transport Corporation and Karnataka State Road Transport Corporation to meet their 6 months tyre retreading requirements.

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Khemani Distributors & Marketing fixes record date for stock split
Jan 16,2017

Khemani Distributors & Marketing announced that the Company has fixed 03 February 2017 as the Record Date for the purpose of Sub-division of 1 (one) Equity Share of face value of Rs. 10/- (Rupees Ten only) each into 2 (Two) Equity Shares of Rs. 5/- (Rupees Five only) each.

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