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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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Yes Bank raises Rs 3000 cr in Tier-I Capital
Dec 24,2016

Yes Bank has placed Rs 3000 crore Basel III Compliant Additional Tier-I Bonds through private placement against the base issue size of Rs 2100 crore. The bonds carry a coupon rate of 9.50% p.a. With this capital raising, Yes Banks Tier I Capital Ratio will be at 12%.

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Board of Sasken Communication Technologies provides update on buyback of shares
Dec 24,2016

Sasken Communication Technologies announced that the Buyback Committee of the Board of Directors, at its meeting held on 23 December 2016, inter alia, considered the following:

- Fixed the Buyback Price of Rs 410 (the Buyback Price) and the total consideration for Buyback to be Rs. 120.04 crore (the Buyback Size) excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., the total number of Equity Shares to be bought back in the Buy-back shall be 29,27,879 Equity Shares, representing 16.52% of the total issued and paid-up equity share capital of the Company as on 31 March 2016.

The aforesaid terms of Buy-back are within the maximum limits approved by the Board of Directors at its meeting held on 27 October 2016 and as approved by shareholders by special resolution, through postal ballot, results of which have been announced on 23 December 2016.

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Sidh Automobiles provides update on subsidiary
Dec 24,2016

Sidh Automobiles announced that name of its subsidiary Company Urban Organic Products, has been changed to Wholly Organic Products with effect from 20 December 2016.

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Welspun Enterprises sells its entire investment in Welspun Energy
Dec 24,2016

Welspun Enterprises announced that the Board of Directors of the Company has, subject to the approval of the members of the Company, approved sale of its entire investment of 60,493,342 equity shares representing 15.49% in the paid up equity share capital of Welspun Energy.

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HCL Technologies allots equity shares
Dec 24,2016

HCL Technologies announced that the Employees Stock Option Allotment Committee of the Company has on 23 December 2016 allotted 41,680 Equity Shares of Rs.2/- each under the 2004 Stock Option Plan of the Company.

Consequent to the said allotment the paid-up share capital of the Company has gone up to 1,411,197,994 equity shares of Rs.2/- each aggregating to Rs. 2,822,395,988/-.

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Board of Shrenuj & Company to consider Q1 and Q2 results
Dec 23,2016

Shrenuj & Company announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 30 December 2016, inter alia, to consider un-audited standalone financial results of the Company along with report on segment-wise revenue results, and the capital employed of the Company for the first quarter ended 30 June 2016 and second quarter ended 30 September 2016.

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Ratnamani Metals & Tubes secures new orders worth Rs 136 crore
Dec 23,2016

Ratnamani Metals & Tubes has bagged two new orders aggregating to 22,000 MT valued at approx. Rs. 103.00 crore and Rs.33.00 crore for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

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SRM Energy announces resignation of company secretary
Dec 23,2016

SRM Energy announced Kanika Arora, Company Secretary & Compliance Officer of the Company has resigned from her office as the Company Secretary & Compliance Officer w.e.f. 23 December 2016 vide her letter dated 28 November 2016.

Her Resignation has been accepted and she has been relieved from her duties from the end of working hours on 23 December 2016.

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SRM Energy announces resignation of company secretary
Dec 23,2016

SRM Energy announced Kanika Arora, Company Secretary & Compliance Officer of the Company has resigned from her office as the Company Secretary & Compliance Officer w.e.f. 23 December 2016 vide her letter dated 28 November 2016.

Her Resignation has been accepted and she has been relieved from her duties from the end of working hours on 23 December 2016.

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ISGEC Heavy Engineering signs techology agreement with Swedens AP&T
Dec 23,2016

ISGEC Heavy Engineering has signed a Technology Agreement with AP&T of Sweden for cooperation in the manufacture of Hydraulic Press and other equipments for Press Hardening Line.

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ISGEC Heavy Engineering signs techology agreement with Swedens AP&T
Dec 23,2016

ISGEC Heavy Engineering has signed a Technology Agreement with AP&T of Sweden for cooperation in the manufacture of Hydraulic Press and other equipments for Press Hardening Line.

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JSW Energy gets revision in credit ratings for various facilities
Dec 23,2016

JSW Energy announced Credit Analysis & Research (CARE) has reaffirmed the ratings of the Company for Long term Bank Facilities and Non-Convertible Debentures as CARE AA- (Double A Minus), however has revised its outlook from Stable to Negative.

CARE has also reaffirmed the ratings of the Company for Short term Bank Facilities as CARE A1+ (A one plus) and withdrawn the rating for the Companys Short term loan as the facility has been entirely repaid.

CARE has assigned rating for Commercial Paper issue upto Rs. 700 crore as CARE A1+ (A one plus) and CARE AA- (Double A Minus) rating for the Non-Convertible Debentures issue upto Rs. 1000 crore with Negative outlook.

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JSW Energy gets revision in credit ratings for various facilities
Dec 23,2016

JSW Energy announced Credit Analysis & Research (CARE) has reaffirmed the ratings of the Company for Long term Bank Facilities and Non-Convertible Debentures as CARE AA- (Double A Minus), however has revised its outlook from Stable to Negative.

CARE has also reaffirmed the ratings of the Company for Short term Bank Facilities as CARE A1+ (A one plus) and withdrawn the rating for the Companys Short term loan as the facility has been entirely repaid.

CARE has assigned rating for Commercial Paper issue upto Rs. 700 crore as CARE A1+ (A one plus) and CARE AA- (Double A Minus) rating for the Non-Convertible Debentures issue upto Rs. 1000 crore with Negative outlook.

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BITS announces change in registered office
Dec 23,2016

BITS announced that the registered office of the Company shifted from 1111, 11th Floor, New Delhi House 27, Barakhamba Road, New Delhi-110001 to 711, 7th Floor, New Delhi House 27, Barakhamba Road, New Delhi-110001.

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BITS announces change in registered office
Dec 23,2016

BITS announced that the registered office of the Company shifted from 1111, 11th Floor, New Delhi House 27, Barakhamba Road, New Delhi-110001 to 711, 7th Floor, New Delhi House 27, Barakhamba Road, New Delhi-110001.

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