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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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Japan Stocks tumble on rising US rate hike bets
Sep 12,2016

The Japan share market ended steep lower on Monday, 12 September 2016, dragged down by renewed fears of a US Federal Reserve interest rate hike in the near term and a slump in oil prices. Meanwhile, risk aversion selloff fuelled further amid concerns that the European Central Bank and the Bank of Japan may be slowing their monetary policy easing efforts. Every industry category on the main section lost ground, led by mining, iron and steel, and financial issues. The 225-issue Nikkei lost 292.84 points, or 1.73%, to finish at 16,672.92 on the Tokyo Stock Exchange. The Topix index of all first-section issues lost 20.76 points, or 1.54%, to close at 1,323.10

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Strong Q1 earnings boost Responsive Industries
Sep 12,2016

The result was announced after market hours on Friday, 9 September 2016.

Meanwhile, the S&P BSE Sensex was down 435.07 points or 1.51% at 28,362.18.

On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 697 shares in the past one quarter. The stock hit a high of Rs 85.80 and a low of Rs 79 so far during the day. The stock had hit a 52-week high of Rs 119 on 11 January 2016. The stock had hit a 52-week low of Rs 70.20 on 9 November 2015. The stock had outperformed the market over the past one month till 9 September 2016, gaining 3.82% compared with Sensexs 2.54% gain. The scrip had, however, underperformed the market in past one quarter, advancing 2.1% as against Sensexs 7.6% gain.

The small-cap company has equity capital of Rs 26.69 crore. Face value per share is Rs 1.

Responsive Industries is one of the leading manufacturers of polyvinyl chloride (PVC) based products.

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ASX200 sinks 2.24%
Sep 12,2016

Australian share market declined on Monday, 12 September 2016, as investor sentiment was rattled by tracking steep plunge in Wall Street on Friday amid concerns that the US Federal Reserve could be considering an imminent interest rate hike. All ASX sectors declined, with materials and resources, industrials, energy, realty, and financial issue being major losers. At close of trade, the benchmark S&P/ASX 200 index stumbled 119.60 points, or 2.24%, to 5,219.60, while the broader All Ordinaries index has lost 121.40 points, or 2.23%, to 5,319.10.

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Cipla drops ex-dividend
Sep 12,2016

Meanwhile, the S&P BSE Sensex was down 472.48 points or 1.64% at 28,324.77.

On BSE, so far 1.62 lakh shares were traded in the counter as against average daily volume of 2.06 lakh shares in the past one quarter. The stock hit a high of Rs 578.60 and low of Rs 565 so far during the day. The stock had hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had hit a 52-week high of Rs 704.75 on 29 October 2015. The stock had outperformed the market over the past one month till 9 September 2016, gaining 9.17% compared with Sensexs 2.54% gain. The scrip had also outperformed the market in past one quarter, rising 21.17% as against Sensexs 7.6% gain.

The large-cap company has equity capital of Rs 160.84 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 0.34% based on the closing price of Rs 581.50 on Friday, 9 September 2016.

Cipla reported 43.74% fall in consolidated net profit to Rs 365.24 crore on 6.9% fall in net sales to Rs 3499.81 crore in Q1 June 2016 over Q1 June 2015.

Cipla is a global pharmaceutical company.

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Cabinet approves MoU between India and Kenya on cooperation in the field of National Housing Policy Development and Management
Sep 12,2016

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its expost-facto approval for the Memorandum of Understanding (MoU) between India and Kenya on cooperation in the field of National Housing Policy Development and Management (NHPDM). The MoU was signed on 11th July, 2016 at Nairobi during the visit of the Prime Minister of India.

Under the MoU, both the sides will collaborate on all matters relating to housing and human settlements through various strategies including training of personnel, exchange visits, expos/exhibitions, conferences and workshops.

The cooperation between the two countries will focus on upscaling slum upgradation and prevention initiatives based on the experience and implementation process of each country. They will collaborate on development and sharing of information on housing and real estate data base including market trends, best practices and investment opportunities.

It will encourage technical cooperation in facilitating access to affordable housing from locally available building materials. It will also encourage technical cooperation in development of Government/Public employee facilitated housing. This would be useful to explore ways of a delivery model towards Government employees housing scheme, including creating an enabling environment for participation in the delivery of such intended scheme by private sector players.

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Gold Rock Investments to hold AGM
Sep 12,2016

Gold Rock Investments announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Gita Renewable Energy to hold AGM
Sep 12,2016

Gita Renewable Energy announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Kshitij Investments to hold AGM
Sep 12,2016

Kshitij Investments announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2016.

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Garware Synthetics to hold AGM
Sep 12,2016

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

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OFS Technologies to hold AGM
Sep 12,2016

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

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Prabhat Dairy to hold AGM
Sep 12,2016

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

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Jackson Investments to hold AGM
Sep 12,2016

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

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Mather & Platt Fire Systems to hold AGM
Sep 12,2016

Mather & Platt Fire Systems announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Jaiprakash Associates to hold AGM
Sep 12,2016

Jaiprakash Associates announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2016.

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Goldstone Technologies to hold AGM
Sep 12,2016

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

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