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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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Terraform Magnum to hold AGM
Sep 16,2016

Terraform Magnum announced that the 34th Annual General Meeting(AGM) of the company on 30 September 2016.

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A2Z Infra Engg. to hold board meeting
Sep 16,2016

A2Z Infra Engg. will hold a meeting of the Board of Directors of the Company on 15 September 2016.

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Assambrook announces change in directorate
Sep 16,2016

Assambrook announced that Sanjoy Ghosh has been appointed as Additional Director in the meeting of the Board of Directors held on 08 January 2016 with immediate effect.

Further the Company has informed that, Pooja Goenka Director of the Company has resigned from the Company, with effect from 08 January 2016. The resignation has been accepted in the meeting of the Board of Directors held on 08 January 2016.

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Dr Reddys Laboratories extends strategic collaboration with Amgen
Sep 16,2016

Dr Reddys Laboratories announced that it has expanded its strategic collaboration with Amgen to market and distribute three of Amgens medicines in India in the areas of oncology and osteoporosis. Under the terms of the collaboration, Dr Reddys will commercialise XGEVA, Vectibix and Prolia in India.

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Kotak Mahindra Bank appoints director
Sep 16,2016

Kotak Mahindra Bank announced that the Board of Directors of the Bank has on 16 September 2016 approved the appointment of Uday Chander Khanna as an Additional Director of the Bank with immediate effect.

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Yash Chemex receives revision in ratings
Sep 16,2016

Yash Chemex announced that Smera Ratings (SMERA) has revised its rating for the Company as under:

SE 3B: Moderate Performance Capacity and Moderate financial Strength

SMERA MSE 3: High Operating Performance and Good Financial Strength

Rating Change from SE 3B to SMERA MSE 3.

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KDDL intimates of closure of Ethos Store
Sep 16,2016

KDDL announced that Ethos, its subsidiary, has closed the operations of the Ethos store located in Trilium Mall in Amritsar, Punjab. With this, the total number of stores as on date is 38.

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Syndicate Bank announces appointment of director
Sep 16,2016

Syndicate Bank announced that in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 and sub-clause (1) of Clause 8 of the Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Central Government vide its notification dated 15 September 2016, has appointed Ch S S Mallikarjuna Rao as Executive Director of the Bank for a period of 3 years with effect from the date of his taking over charge of the post or until further orders, whichever is earlier.

Ch S S Mallikarjuna Rao has assumed charge as Executive Director of the Bank on 15 September 2016.

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Petron Engineering Construction receives work order worth Rs 50 crore
Sep 16,2016

Petron Engineering Construction has received Letter of Intents (LOIs) from Shree Cement, for Civil Work at their Cement Plants at Aurangabad, Bihar and at Gulbarga, Karnataka for a total Contract Value of Rs. 50 crore.

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Rajani Extractions to hold AGM
Sep 16,2016

Rajani Extractions announced that the 24th Annual General Meeting(AGM) of the company on 30 September 2016.

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Yes Bank tumbles 6.5% in two sessions
Sep 16,2016

Meanwhile, the S&P BSE Sensex was up 188.98 points or 0.67% at 28,601.87.

On BSE, so far 9.70 lakh shares were traded in the counter as against average daily volume of 2.15 lakh shares in the past one quarter. The stock hit a high of Rs 1,239.50 and a low of Rs 1,159 so far during the day. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had underperformed the market over the past one month till 15 September 2016, sliding 5.36% compared with 0.93% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 14.12% as against Sensexs 6.31% rise.

The large-cap bank has equity capital of Rs 421.35 crore. Face value per share is Rs 10.

Shares of Yes Bank have fallen 6.51% in two trading sessions from its close of Rs 1,253.40 on 14 September 2016 in the wake of media reports that the stock market regulator Securities & Exchange Board of India (Sebi) is looking into discrepancies in the banks planned qualified institutional placement (QIP) of shares. The stock had fallen 2.52% to settle at Rs 1,221.80 yesterday, 15 September 2016. Sebi is reportedly looking into Yes Banks notices to stock exchanges about the planned QIP of shares, the surge in the stock in the run-up to the issue date and its intra-day fall before the announcement to call off the issue. Sebi is reportedly looking into why investment bankers failed to take note of the fact that there was no pre-intimation by Yes Bank to stock exchanges that there would be a board meeting.

It may be recalled that Yes Bank had announced on 8 September 2016 its decision to defer the earlier planned QIP of shares citing extreme volatility during trading day on 8 September 2016 because of misinterpretation of new QIP guidelines. The bank had on 7 September 2016 announced opening of QIP of equity shares of face value Rs 10 each to raise up to $1 billion. Yes Bank had fixed Rs 1,371.84 per share as the floor price at that time.

Yes Banks net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in total income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

Yes Bank is one of the leading private sector banks in India.

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Shri Krishna Devcon to hold AGM
Sep 16,2016

Shri Krishna Devcon announced that the th Annual General Meeting(AGM) of the company on 21 September 2016.

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Shri Bhagavati Bright Bars to hold AGM
Sep 16,2016

Shri Bhagavati Bright Bars announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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GMR Infra extends losses post weak Q1 outcome
Sep 16,2016

Meanwhile, the BSE Sensex was up 224.32 points or 0.74% at 28,622.00.

On BSE, so far 15.83 lakh shares were traded in the counter, compared with average daily volume of 23.33 lakh shares in the past one quarter. The stock hit a high of Rs 14.50 and a low of Rs 13.66 so far during the day.

The stock had dropped 1.79% to Rs 14.30 yesterday, 15 September 2016 after the company reported weak Q1 results. GMR Infrastructure reported net loss of Rs 123.06 crore in Q1 June 2016 higher than net loss of Rs 1.33 crore in Q1 June 2015. Total income rose 35.99% to Rs 366.39 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Wednesday, 14 September 2016.

GMR Group is a leading global infrastructure conglomerate with interests in airports, energy, transportation and urban infrastructure.

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OnMobile Global reports consolidated net profit of Rs 9.33 crore in the June 2016 quarter
Sep 16,2016

Net profit of OnMobile Global reported to Rs 9.33 crore in the quarter ended June 2016 as against net loss of Rs 6.57 crore during the previous quarter ended June 2015. Sales declined 6.55% to Rs 188.61 crore in the quarter ended June 2016 as against Rs 201.82 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales188.61201.82 -7 OPM %15.7716.41 - PBDT32.7436.68 -11 PBT18.05-0.59 LP NP9.33-6.57 LP

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