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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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Empee Distilleries to hold AGM
Sep 17,2016

Empee Distilleries announced that the 31st Annual General Meeting (AGM) of the company will be held on 26 September 2016.

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Vardhman Special Steels to hold AGM
Sep 17,2016

Vardhman Special Steels announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2016.

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Yarn Syndicate to hold AGM
Sep 17,2016

Yarn Syndicate announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Bajrang Finance to hold EGM
Sep 17,2016

Bajrang Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 October 2016 .

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Samtel Color to hold AGM
Sep 17,2016

Samtel Color announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Samtel (India) to hold AGM
Sep 17,2016

Samtel (India) announced that the 34th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Pressman Advertising to hold AGM
Sep 17,2016

Pressman Advertising announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2016.

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Arihant Foundations & Housing to hold AGM
Sep 17,2016

Arihant Foundations & Housing announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Sampre Nutritions to hold AGM
Sep 17,2016

Sampre Nutritions announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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MOU signed between the Government of India and the AfDB for hosting the Banks Annual Meetings at Ahmedabad
Sep 17,2016

India will be hosting the next Annual Meetings of the African Development Bank (AfDB) Group at Mahatma Gandhi Convention Centre, Ahmedabad from May 22 to May 26, 2017. This will be a mega international event to be attended by more than 5000 delegates from 80 member countries of the African Development Bank including the Governors, Alternate Governors, Executive Directors, policy makers and businesses.

A MoU was signed between GoI and AfDB today regarding the holding of the Annual Meetings. The MoU outlines the roles of Govt of India and AfDB. The signatories to the MoU were Ms. Bandana Preyashi, Deputy Secretary (ADB-II/AfDB), Department of Economic Affairs(DEA), Ministry of Finance on behalf of the Government of of India and Mr Vincent O. Nmehielle, Secretary General of AfDB on behalf of the African Development Bank Group (AfDB).

The African Development Bank (AfDB) was established in 1963 with a view to promote the Economic Development and social progress of its regional members. India became member of the African Development Bank (AfDB) in 1983. The Union Finance Minister and Secretary, Department of Economic Affairs (DEA), Ministry of Finance are the Governor and Alternate Governor of the Bank respectively.

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Railway PSU RITES Achieves Highest Ever Total Income of Rs. 1294 Crore, Higher by 11% Over The Previous Year
Sep 17,2016

RITES, a schedule A, Mini Ratna Enterprise under the Ministry of Railways has achieved highest ever total income of Rs. 1294 crore,in financial year 2015-16 higher by 11 percent over the previous financial year. It also recorded the highest ever profit after tax of Rs. 339 crore against Rs. 306 crore in the previous year. RITES achieved these results despite severe competition from domestic and foreign consultancy companies. The company is expected to get Excellent rating in its MOU performance based on the financial results for the year. RITES continues to maintain its key position in transport and infrastructure sectors despite stiff competition. The growth in the business and excellent financial results has led to the dividend payout for the year to Rs. 136 crore, which is 136% of the paid up share capital of the company. This is the highest ever dividend paid so far by the Company. The company has also announced issue of bonus shares to the existing shareholders in the ratio of 1 share for every 2 shares held.

One of the key achievements during the year had been the export of broad gauge modern passenger coaches to Bangladesh Railways out of the order of 120 broad gauge coaches secured by the company during last year. RITES also bagged a contract for the supply of 18 MG diesel electric locomotives to Myanma Railways.

In India, RITES has recently secured two major turnkey projects from the Ministry of Railways, for the third line in Pendra Road- Anuppur section of Bilaspur division of South East Central Railway and Gooty- Dharmavaram doubling works for South Central Railway. RITES is also involved in mega transportation projects like dedicated freight corridors, metros, high speed rail studies, logistics parks, rail infrastructure and green energy etc.

With positive scenario for investments in railways and other infrastructure sectors, the company sees high growth in the coming years.

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Ministry of Tourism Approves Projects of Rs. 500 Crore for Jammu & Kashmir
Sep 17,2016

The Central Sanctioning and Monitoring Committee (CSMC) chaired by Union Tourism Secretary Shri Vinod Zutshi for the Swadesh Darshan Scheme has approved projects to the tune of Rs. 500 Crore as part of Development Package of Prime Minister Reconstruction Plan (PMRP) for integrated development of tourism in Jammu and Kashmir.

New projects include Integrated Development of Tourist facilities at Mantalai - Sudhmahadev - Patnitop Circuit for Rs.99.99 Crore, Baramulla-Kupwara-Leh circuit for Rs.99.98 Crore, Rajouri - Bafliyaz - Shopian - Pulwama Circuit for Rs.99.99 Crore and Anantnag-Kishtwar- Pahalgam - Daksum - Ranjit Sagar Dam Circuit for Rs.99.75 Crore. In addition, Rs. 99.99 Crore has been approved for integrated development of tourist facilities in lieu of damaged assets in the floods.

The projects envisage tourist infrastructural development in Jammu and Kashmir. Highlights of the project involve developing a Convention Centre in Gulmarg and Patnitop, development of Ethnic Villages, Development of Water Sports Centre at Baghliyar Dam - Pool Doda. Other major intervention proposed in the circuits include last mile connectivity, tourist facilitation/interpretation centre, base camps for trekking, facilitation centre for pilgrims for Amarnath Yatra, Sound and Light Show at Shalimar Bag, illumination of heritage structures, provision of eco friendly vehicles, Enhancement of tourist facilities at golf courses across the state.

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SAR Auto Products to hold AGM
Sep 17,2016

SAR Auto Products announced that the 29th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Prudential Sugar Corporation to hold board meeting
Sep 17,2016

Prudential Sugar Corporation will hold a meeting of the Board of Directors of the Company on 24 September 2016, to adopt the Audited Accounts of the Company for the Financial Year ended 31 March 2016

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Pashupati Cables to hold AGM
Sep 17,2016

Pashupati Cables announced that the 22nd Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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