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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 Shri Kalyan Holdings approves change in company secretary and compliance officer
Mar 29,2017

Shri Kalyan Holdings announced that the Board of Directors of the Company at its meeting held on 29 March 2017, inter alia transacted the following businesses:

1.Took on record resignation of Komal Gandhi from the post of Company Secretary and Compliance Officer of the Company w.e.f. 21 March 2017.

2.Appointed Nandani Patidar as Company Secretary and Compliance Officer of the Company w.e.f. 29 March 2017.

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Board of Fiberweb (India) approves allotment of shares on conversion of warrants
Mar 29,2017

Fiberweb (India) announced that the Board of Directors of the Company at its meeting held on 29 March 2017 approved allotment of 7 lakh equity shares on Conversion of Convertible Equity Warrants issued by the Company on preferential basis to group of Strategic Investors, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulation, 2009.

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Board of Times Guaranty approves change in directorate
Mar 29,2017

The Board of Directors of Times Guaranty at its meeting held on 29 March 2017 has approved the change in designation of Anita Malusare from Manager to the Chief Executive Officer (CEO) and Executive Director of the Company.

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Board of NBCC (India) considers takeover of Hindustan Steelworks Construction
Mar 29,2017

The Board of Directors of NBCC (India) in their meeting held on 29 March 2017 discussed the future course of action with respect to the takeover of Hindustan Steel Works Construction as subsidiary company.

The takeover of Hindustan Steel Works Construction is subject to approval of Competition Commission of India for which notice has been filed and the approval is awaited.

Union Cabinet in the meeting held on 25 May 2016 approved the proposal for restructuring of HSCL and subsequently its takeover by NBCC. NBCC will pay Rs 35.70 crore to subscribe to fresh equity share if HSCL constituting 51% of its post issue share capital.

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China Stocks extend fall on liquidity woes
Mar 29,2017

The Mainland China equity market ended down for third straight session on Wednesday, 29 March 2017, amid concerns about tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the fourth session in a row. The blue-chip CSI300 index fell 0.1%, to 3,465.19 points, while the Shanghai Composite Index lost 0.4% to 3,241.31 points. The Shenzhen Composite Index extended losses by sliding 0.7% to 2,019 while the ChiNext start-up board index closed down 0.8% to 1,929

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Australia Shares at near 2-year highs on financials support
Mar 29,2017

Australian equities continued uptrend on Wednesday, 29 March 2017, pushing the benchmark indices to a near two-year high, underpinned by optimism over earnings for the financial sector after the countrys big four banks raised their home loan rates recently. At the close, the benchmark S&P/ASX 200 index finished at 0.9% higher or 52.26 points to 5873.5, its strongest level since mid-April 2015. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 637 to 455 and 351 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.26% to 11.748.

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Board of Ujaas Energy approves disposal of subsidiary - Ujaas Energy HK
Mar 29,2017

The Board of Directors of Ujaas Energy at its meeting on 29 March 2017 has approved disposal of its entire holding in its wholly own subsidiary, Ujaas Energy HK, (Registered in Hongkong).

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Fag Bearings India to hold AGM
Mar 29,2017

Fag Bearings India announced that the Annual General Meeting (AGM) of the company will be held on 21 April 2017.

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Rupee keeps momentum going
Mar 29,2017

Rupee closed higher at 64.90/91 per dollar on Wednesday (29 March 2017), versus its previous close of 65.0350/0450 per dollar on Monday.

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Balasore Alloys to hold board meeting
Mar 29,2017

Balasore Alloys will hold a meeting of the Board of Directors of the Company on 31 March 2017, for allotment of 1,00,00,000 Equity Shares of Rs. 5/- each at price of Rs. 21.50/- including premium of Rs. 16.50/- per Equity Shares in lieu of 1,00,00,000 Convertible Warrants to the Promoters on Preferential basis pursuant to the authority given by the shareholders through postal ballot notice on 26th September, 2016.

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Shilpa Medicare to hold EGM
Mar 29,2017

Shilpa Medicare announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 April 2017 .

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V-Mart Retail attracts buyers after opening new store
Mar 29,2017

The announcement was made during market hours today, 29 March 2017.

Meanwhile, the S&P BSE Sensex was up 69.05 points or 0.23% at 29,478.57. The S&P BSE Small-Cap index was up 30.05 points or 0.21% to 14,183.42.

More than usual volumes were witnessed on the counter. On the BSE, 61,653 shares were traded on the counter so far as against the average daily volumes of 29,745 shares in the past one quarter. The stock had hit a high of Rs 847.30 and a low of Rs 788 so far during the day. The stock had hit a record high of Rs 883.75 on 9 March 2017. The stock had hit a 52-week low of Rs 425 on 24 June 2016.

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

V-Mart Retail said that the store is a fashion store. With the opening of the store, the tally of stores in Bihar is 5 composite & 26 fashion stores. This takes the total number of stores to 141 stores in 121 cities across 14 states, with 37 composite stores & 104 fashion stores with a total area of around 11.95 lakhs square feet.

V-Mart Retail net profit rose 81.3% to Rs 27.21 crore on 23.2% growth in net sales to Rs 326.49 crore in Q3 December 2016 over Q3 December 2015.

V-Mart Retail is a hypermarket format retail chain based in New Delhi. It is a multi-brand family retail store offering apparels, general merchandise and kirana.

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Panacea Biotec launches EasySix vaccine
Mar 29,2017

Panacea Biotec announced the launch of Worlds first fully liquid whole cell Pertussis (wP) based Hexavalent Combination Vaccine, EasySix, a vaccine researched, development and manufactured by Panacea Biotec in India.

EasySix is indicated for primary immunization to protect newborn babies against six common preventable diseases viz, Diphtheria, Tetanus, Whooping Cough, Meningitis (due to H. Influenza type b), Hepatitus B and Polio.

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Panacea Biotec in pink of health after launching vaccine
Mar 29,2017

The announcement was made during market hours today, 29 March 2017.

Meanwhile, the S&P BSE Sensex was up 105.96 points, or 0.36% to 29,515.48. The S&P BSE Small-Cap index was up 60.44 points or 0.43% to 14,213.81.

On the BSE, 39,933 shares were traded in the counter so far, compared with average daily volumes of 47,302 shares in the past one quarter. The stock had hit a high of Rs 167.80 and a low of Rs 153.05 so far during the day. The stock had hit a 52-week high of Rs 178.30 on 27 January 2017. The stock had hit a 52-week low of Rs 85.50 on 26 May 2016.

The small-cap company has equity capital of Rs 6.13 crore. Face value per share is Re 1.

Panacea Biotec said the vaccine was researched, developed and manufactured by the company in India. EasySix is indicated for primary immunization to protect newborn babies against six preventive diseases namely, Diptheria, Tetanus, Whopping Cough, Hepatitis B and Polio.

Panacea Biotec reported net loss of Rs 29.25 crore in Q3 December 2016, higher than net loss of Rs 17.38 crore in Q3 December 2015. Net sales declined 34% to Rs 99.33 crore in Q3 December 2016 over Q3 December 2015.

Panacea Biotec is one of Indias leading research based biotechnology companies with established research, manufacturing and marketing capabilities.

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Siemens and Sumitomo Electric Industries consortium wins order from PGCIL
Mar 29,2017

A consortium of Siemens and Sumitomo Electric Industries has been awarded an order from Power Grid Corporation of India, the central transmission utility of India, to supply a high-voltage direct current (HVDC) transmission system. The total size of the order won by the consortium is US $520 million, of which the share of Siemens is approximately Rs 1,682 crore.

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