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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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Lotus Chocolate Company appoints director
Sep 20,2016

Lotus Chocolate Company announced that A. Surya Prakash Reddy has been appointed as Independent Director of the Company with effective from 05 July 2016 vide the resolution passed in the Board meeting of the Company.

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Under 5 Child Mortality Rate falls significantly by 4 points during 2014
Sep 20,2016

Focussed, committed and targeted interventions of the Government have borne positive fruits in 2014. The Under-5 Child Mortality has fallen by a significant four points during 2013-14. This was stated by the Union Minister of Health and Family Welfare, Shri J P Nadda.

Shri Nadda further mentioned that the recent RGI data released for the Sample Registration Survey (SRS) for the year 2014 indicates 8.16 percent decline in under-five mortality (during 2013-2014) as compared to 5.76 percent decline during 2012-2013. The U5MR in 2014 is 45 compared to U5MR in 2013, which stood at 49 indicating a 4 point decline. While the decline between 2012-13 was by three points ( it was 52 in 2012 and 49 in 2013). This implies that about 1.26 lakh additional under-five deaths have been averted in 2014. The Union Health Minister stated considering the significant progress in 2014, India is set to achieve MDG4 target of under-five mortality of 42 per 1000 live births in 2015.

Significant point decline (4 points and more) in the U5MR has been recorded in 15 states. These are: Assam (7), U.P (7), Rajasthan (6), Chattisgarh (4), Delhi (5), Gujarat (4), Haryana(5), Odisha (6), Himachal Pradesh (5), Jammu & Kashmir (5), Jharkhand (4), Karnataka (4), Madhya Pradesh (4), Punjab (4), West Bengal (5). 16 out of 20 states have shown a decline of more than and equal to 3 points.

Moreover, the rural urban differential in under-five mortality is reduced to 23 points in comparison to 26 points in 2013 indicating good progress in rural areas.

The success has been possible due to dedicated efforts during the neonatal period through establishment of special new-born care units (SNCU), systematic home visits by ASHA workers to all new-borns for improving breastfeeding practices, improvement in quality institutional delivery.

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Wipro joins Oracle Cloud Managed Service Provider Program
Sep 20,2016

Wipro has joined Oracles newly announced Oracle Cloud Managed Service Provider (MSP) Program. Wipro is a Diamond level member of Oracle PartnerNetwork (OPN) and has an OPN Cloud Select designation.

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Wipro forms global partnership with Witbe
Sep 20,2016

Wipro and Witbe, a leading innovator in the field of test automation and service quality of experience monitoring robots for broadband, voice and TV Triple-Play monitoring, unveiled their global partnership.

This partnership is of strategic importance to Wipro and will offer integrated test automation and video services monitoring solutions for customer deployments across set top box, mobile platforms and other handheld devices.

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Team Lease Services acquires Nichepro Technologies
Sep 20,2016

Team Lease Services has signed definitive agreement to acquire Bangalore headquartered Nichepro Technologies for a cash consideration of Rs 29.5 crore through its wholly owned subsidiary, Teamlease Staffing Services.

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Govt announces list of new 27 smart cities
Sep 20,2016

The Union Minister of Urban Development M. Venkaiah Naidu announced the list of 27 new smart cities. With this the number of cities selected under Smart City Mission for financing implementation of smart city plans has gone up to 60.

The Minister informed that the new 27 smart cities have proposed an investment of Rs 66883 crore under smart city plans including Rs 42524 crore under Area Based Development and another Rs 11379 crore for technology based Pan-city solutions that benefits all the citizens of respective cities. With this, the total investment proposed by the 60 cities selected so far has gone up to Rs 144742 crore.

The 27 cities selected in the latest round of Smart City Challenge competition in order of the marks scored by them are:            

S.NoCityState1AmritsarPunjab2Kalyan-DombiviliMaharashtra3UjjainMadhya Pradesh4TirupatiAndhra Pradesh5NagpurMaharashtra6ManagaluruKarnataka7VelloreTamil Nadu8ThaneMaharashtra9GwaliorMP10Agra Uttar Pradesh11NashikMaharashtra12RourkelaOdisha13KanpurUP14MaduraiTamil Nadu15TumakuruKarnataka16Kota Rajasthan17ThanjavurTamil Nadu18NamchiSikkim19JalandharPunjab20ShivamoggaKarnataka21SalemTamil Nadu22AjmerRajasthan23VaranasiUP24KohimaNagaland25Hubbali-DharwadKarnataka26AurangabadMaharashtra27VadodaraGujarat

 The 27 smart cities announced are from 12 States including 5 from Maharashtra, 4 each from Tamil Nadu and Karnataka, 3 from Uttar Pradesh and 2 each from Punjab and Rajasthan. Nagaland and Sikkim have made it to the smart city list for the first time.

The implementation of smart city plans is now spread over 27 States and UTs. Nine States/UTs still to enter implementation phase are; Uttarakhand, J & K, Meghalaya, Mizoram, Nagaland, Arunachal Pradesh, Puducherry, Lakshadweep, Daman & Diu and Dadra, Nagar & Haveli.

Stating that Smart City Mission is running ahead of schedule, M Venkaiah Naidu informed that the next round of competition to select the remaining 40 cities would begin in January next year.

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Rupee sops
Sep 20,2016

Rupee continued its losing streak on Tuesday (20 September 2016) to close at 67.0050/0150 per dollar, versus its previous close of 66.9575/9675 per dollar.

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User friendly Earthquake Hazard Zoning Maps with Tehsil level details released
Sep 20,2016

To enable earthquake resistant construction, the National Disaster Management Authority (NDMA) and Building Materials Technology Promotion Council (BMPTC) have come out with easy to use Earthquake Hazard Zoning Maps at the Country, State and District level incorporating Tehsil level features. These maps were released here today by the Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu.

The colour coded maps easily convey location in five different Zones of earthquake intensity which helps in planning for disaster resistant construction with necessary technical assistance. BMPTC of the Ministry of HUPA has prepared these maps at the behest of NDMA.

Appreciating the joint effort of NDMA and BMPTC, Shri Naidu urged both the agencies to ensure digitization of these maps at the earliest so that they could be used by the public. He also suggested evolving Mobile App based on these maps. He said that the maps would be of significant help to architects, engineers, land use planners, insurance agencies and those involved in disaster mitigation and emergency planning and management.

Shri Sailesh Agarwal, Executive Director of BMPTC said on the occasion that out of the 304 million households in the country, about 95% are vulnerable to earthquakes in different degree.

BMPTC prepared the maps using the data available with the Survey of India, Geological Survey of India, Meteorological Department and Census of India.

The additional features of these maps include housing and population data, railway lines, expressways and highways, rivers, waterbodies, geological fault lines etc.

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Den Networks to hold EGM
Sep 20,2016

Den Networks announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 October 2016 .

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Nutraplus India to hold board meeting
Sep 20,2016

Nutraplus India will hold a meeting of the Board of Directors of the Company on 26 September 2016 To Consider Appointment of an Additional Director.

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437 Pradhan Mantri Jan Aushadhi Kendras (PMJAY) operational in the country
Sep 20,2016

One of the major objectives of Government of India is to ensure availability of quality medicines at affordable prices for all, especially the poor and the disadvantaged. To achieve the aforesaid objective, the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers has been taking several regulatory and fiscal measures from time to time.

A countrywide campaign, for ensuring availability of generic medicines at affordable prices for all, under the project title n++Pradhan Mantri Jan Aushadhi Yojana (PMJAY)n++ was initiated by the Department of Pharmaceuticals in association with Central Pharma Public Sector Undertakings. It envisages key initiative of opening of dedicated outlets Pradhan Mantri Jan Aushadhi Kendras (PMJAK) where high quality generic medicines are sold at low prices. Bureau of Pharma PSUs of India (BPPI) is implementing the scheme.

As on 20 September 2016, 437 Pradhan Mantri Jan Aushadhi Kendras spread over 26 States/UTs are operational across the country. The Government is committed to open 3000 PMJAK by March 2017 across India. Agreements have been signed with many national NGOs/Trusts/Societies like CSC, PCI, CNRI, Shree Tapovan vikas Trust, Indian Red Cross Society, Lions Club, CISSIL, CMAI, IMA, Vignan Bharathi, Bharat Sevak Samaj etc. for setting up of Pradhan Mantri Jan Aushadhi Kendras in different States. State-wise list of PMJAKs is given in Annexure.

Discussions are in progress with State Governments of Andhra Pradesh, Chhattisgarh, Punjab, Haryana, Kerala, Maharashtra, Arunachal Pradesh and Assam for implementation of the PMJAY by opening of Pradhan Mantri Jan Aushadhi Kendras in Govt. Hospitals.

At present, Central Warehouse (CWH) of BPPI has around 416 medicines and 122 surgical & consumables for sale. BPPI is in process to augment the basket of products. BPPI has established a central warehouse at IDPL Complex, Gurgaon to store adequate stock of medicines. Management of CWH has been entrusted to a professional agency selected and appointed through an open tendering process.3 C&F agents (Punjab, Odisha & Jharkhand) and 36 Distributors have been appointed in different States to strengthen our supply chain.

For quality assurance purposes, each batch of the procured medicines is sent to NABL accredited Laboratories for analysis to ensure the quality as per prescribed pharmacopeial standards prior to their supply to Pradhan Mantri Jan Aushadhi Kendras (PMJAK). All products are stored as per prescribed storage conditions of drugs and cosmetics rules 1945. Walk in cooler has been installed at Central Ware House for proper storage of the thermo degradable products like vaccines, sera, insulin etc. from 2 to 8 degrees centigrade.

Following incentives are provided to open PMJAK:

When free space provided by State Govt./MCD/PSU etc.

An amount of Rs 2.5 lakhs to be given to NGOs / agency running JAS in government hospital premises:

n++ Rs 1 Lakh reimbursement of furniture and fixtures

n++ Rs 1 Lakh by way of free medicines in the beginning

n++ 0.5 Lakh as reimbursement for computer and other miscellaneous items

For NGO/Society/Trust/Individual Entrepreneurs/Pharmacist/Doctor etc. other than Govt. Hospital Premises

PMJAK run by private entrepreneurs / pharmacists / NGOs / charitable institutions that are linked through internet are also entitled for sales incentive of 15% of monthly sales subject to ceiling of Rs 10000/- per month up to Rs 2.50 lakhs. In North east states the incentive is 15% and subject to monthly ceiling of Rs. 15000 and total limit of Rs 2.50 lakhs.

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Lotus Chocolate Company intimates of change in directorate
Sep 20,2016

Lotus Chocolate Company announced about resignation of Abhijeet Pai from position of Director with effect from 01 September 2016.

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Lotus Chocolate Company announces resignation of director
Sep 20,2016

Lotus Chocolate Company announced that Rabindranath Jarugumilli has resigned from the position of Independent Director of the Company dated on 05 July 2016 vide the resolution passed in the Board Meeting of the Company.

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Srikalahasthi Pipes announces resignation of CFO
Sep 20,2016

Srikalahasthi Pipes announced that Atosh R Surana, Chief Financial Officer of the Company has resigned from the services of the Company with effect from close of working hours of 19 September 2016.

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Over 3,273 MT Moong procured since arrival of new crop benefiting 330 farmers
Sep 20,2016

Since the start of arrival of new crop in the market, the Government agencies have procured 3273.16 MT Moong as on Sept 19, 2016 benefiting 330 farmers. The Government agencies-FCI, NAFED and SFAC have set up about 200 centres to procure Moong direct from farmers at Minimum Support Price (MSP) i.e Rs. 4800 and bonus Rs. 425 during kharif 2016-17 season.

Procurement was started in the second week of current month in Karnataka, Maharashtra, Madhya Parades, Andhra Pradesh and Telangana. The Agencies have been directed to publicize their procurement activities among farmers through various modes in local languages in pulses producing States so that farmers can get the benefit of MSP.

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