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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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Glenmark Pharmaceuticals gets final approval for Nystatin and Triamcinolone Acetonide Cream
Oct 25,2016

Glenmark Pharmaceuticals has been granted final approval by the USFDA for Nystatin and Triamcinolone Acetonide Cream USP, 100,000 units/gram and 1 mg/g, the generic version of Mycolog-II Cream, 100,000 units/g, 0.1% of Delcor Asset Corporation (which is no longer being marketed in the United States).

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The Government of Bihar should provide relief of 4% interest on loan to the farmers like other States
Oct 25,2016

The Union Agriculture and Farmers Welfare Minister, Shri Radha Mohan Singh called on Government of Bihar to bear the 4% interest on loan to farmers so that they can get loans at zero percent interest. At present, the farmers of Bihar receive, loan at 7% interest, 3% of which is borne by the Central Government. Union Minister of Agriculture reiterated this at the Cooperative Conference of Primary Agriculture Cooperative Societies (PACS) organized by Indian National Cooperative Union in Motihari (East Champaran). Shri Radha Mohan Singh added that if we require to take the country ahead in the developmental arena, we will have to develop the farmers agriculture as well as villages. We will have to increase the income of the farmers and for this purpose we will have to bring in another revolution.

The Minister further added that the Primary Agriculture Cooperative Societies (PACS) are the fundamental base for the development related to agriculture and cooperatives. The PACS are organized on the level of villages and have farmers as members. At present nearly 8463 Primary Agriculture Cooperative Societies (PACS) are working in the State of Bihar and almost 521 Trade Cooperatives are operational.Apart from this nearly 372 Primary Agriculture Cooperative Societies (PACS) are performing their tasks in the district of Motihari.

Shri Singh said that there must be a provision of reservation in PACs with the purpose to ensure the partnership of weaker section of the society scheduled castes, scheduled tribes, backward class and most backward classes. It is also essential to bring about institutional improvement to develop these PACS in the form of development centre of rural economy. Through these PACS farmers are provided seeds, fertilizers, agricultural equipments along with short term loan.

The Union Minister opined that the farmers must be provided more grants so as to strengthen the distribution system and substantiate the economic base of the PACS in Bihar. It is required to ensure the surplus achievement of paddy as well as wheat through the PACS so that farmers could get the appropriate support price declared by the government on the basis of their producce. Simultaneously these PACS will have to be developed in the form of institutes based on beneficial democratic values for the farmers.

The Union Minister of Agriculture and Farmers Welfare further added that fifty per cent PACS do not own their own godowns in Bihar for the storage of their products. Shri Singh said that until and unless there are storage facilities, the farmers will have to bear losses. The Minister further said that it is very much imperative to have the godowns raised for more and more PACS under Integrated Cooperative Development Project, National Agriculture Development Scheme so as to enhance the storage capacity of the godowns. Shri Singh further said the rice mills should be established under National Agriculture Development Scheme. The PACS should be provided enough margin money for common business particularly for storage of off season fertilizers. The Union Minister said that the attempts are on to computerized all the 8463 Primary Agriculture Cooperative Societies in Bihar. This programme will cost almost Rs. 2000 crore. 50% of which would be borne by Central Government through NABARD, 45% will be funded by Government of Bihar and rest of 5% will be provided by District State Cooperative Banks.

The Union Minister of Agriculture and Farmers Welfare said that during the year 2015-16 the dairy cooperatives of Bihar were provided Rs. 149 crore, Rs. 51.05 crore for ICDP, Rs. 12.5 crore for cold storage cooperatives, Rs. 28.10 crore for the cooperatives related to marketing. In this way as a whole a sum of Rs. 240.80 crore were provided . Shri Singh reiterated his resolve that the representatives should avail themselves of different development programmes related to NCDC to remove the regional imbalances and to enjoy the economic improvement of the Societies. On this occasion, the Minister requested the personnel related to the cooperatives that the Primary Agriculture Cooperative Societies (PACS) should make the farmers aware about the Soil Health Card Scheme in their respective areas so that they could protect the fertility of their soil. Shri Singh said that existing resources to meet the necessities related to human resources development of the sophisticated techniques and cooperative personnel are inadequate. Keeping in view, the increasing needs of cooperatives movement, Shri Singh said that due to the presence of only one National Level Cooperative Training Institute in Pune the participation of Eastern States and North Eastern States cannot be materialized. The Minister further said that the State Government was requested at Bihar State Cooperative Development Conference in February 2016 that a Cooperative Management Institute of National level should be set up in Eastern Champaran, Bihar.

Shri Radha Mohan Singh said that the Central Government for the first time has requested the people that they should frame all rules and regulations and schemes for the development of agriculture. Thereafter the Ministry of Agriculture and other Central Institute will enforce these schemes throughout the country altogether. They will be provided strategic as well as financial help to make them operational.

Union Minister of Agriculture and Farmers Welfare requested the State Government of Bihar that they should work together while making the blue print of the schemes so that the new ways and means could be found out to work out the problems coming in the way of agricultural development.

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Tata Group stocks in focus after Cyrus Mistrys ouster
Oct 25,2016

Shares of Tata Group companies will be watched as Tata Sons, the holding company of the Tata Group, said its board of directors replaced Cyrus P. Mistry as chairman of Tata Sons. The decision was taken at a Board meeting held yesterday, 24 October 2016. The board named Ratan N. Tata as interim chairman of Tata Sons. The board has constituted a selection committee to choose a new chairman. The committee comprises Ratan N. Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons. The committee has been mandated to complete the selection process in four months.

Vedanta after market hours yesterday, 24 October 2016 issued clarification with regard to news item titled Vedanta suspends work at Bicholim mine in Goa. The company said that Sesa Mining Corporation, a subsidiary of Vedanta, had suspended the work at Bicholim mines due to union agitation/activism. This a temporary closure of operations in the interest of safety and security of all employees at the Bicholim Mines, Vedanta said. The company added that the Bicholim Mine is one of the many mines operated by the subsidiaries of the company and the temporary suspension of the mine does not in any way impact the business deliverables.

Adani Enterprises consolidated net profit fell 78.87% to Rs 63.09 crore on 18.49% decline in total income to Rs 7770.59 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016. Ameet Desai, Executive Director of Adani Enterprises and Group CFO said that this has been a good quarter with recurring financial performance despite multiple headwinds including market volatility for commodities. The company has well-rounded growth in volume at its mining, agro and city gas businesses during the quarter. With improving economic climate and business sentiment, the company expects to further boost its financial performance, Desai said.

Idea Cellular reported net loss of Rs 42.79 crore in Q2 September 2016 as against net profit of Rs 739.59 crore in Q2 September 2015. Net sales rose 6.78% to Rs 9223.78 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

On a consolidated basis, net profit of Idea Cellular declined 88% to Rs 91.46 crore on 7.23% rise in net sales to Rs 9298.89 crore in Q2 September 2016 over Q2 September 2015.

On a consolidated basis, net profit of Rallis India rose 31% to Rs 66.52 crore on 20.78% rise in net sales to Rs 540.26 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

On a consolidated basis, net profit of Tata Metaliks rose 7.41% to Rs 21.73 crore on 1.36% decline in net sales to Rs 321.48 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

Capital First announced after market hours yesterday, 24 October 2016 that the meeting of the Debenture Committee of the Board of Directors of the company will be held on 27 October 2016, inter alia, to consider and approve the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures to be listed on the debt market segment of National Stock Exchange of India (NSE).

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Board of Rane (Madras) appoints director
Oct 24,2016

Rane (Madras) announced that the board of directors of the Company at the meeting held 24 October 2016 inter alia have approved appointment of Pradip Kumar Bishnoi as Additional Director (Independent) on the board effective from 24 October 2016.

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Board of Sturdy Industries approves allotment of shares under SDR
Oct 24,2016

Sturdy Industries announced that the Board of Directors of the Company at its meeting held on 24 October 2016, inter alia, has considered and approved the following:

1. Allotment of 4,53,76,108 Equity Shares of Rs. 2/- each at Face Value of Rs. 2/- to the Punjab National Bank pursuant to SDR package.

2. Allotment of 3,17,63,276 Equity Shares of Rs. 2/- each at Face Value of Rs. 2/- to the Allahabad Bank pursuant to SDR package.

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Board of National Fittings considers setting up new manufacturing facility
Oct 24,2016

National Fittings announced that at the meeting of the Board of Directors of the Company held on 24 October 2016, capacity expansion was considered for setting up a new manufacturing facility. A V Palaniswamy, Managing Director was authorized to take necessary steps for its implementation.

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Board of Upsurge Investment & Finance accepts resignation of company secretary
Oct 24,2016

Upsurge Investment & Finance announced that the Board of Directors of the Company at their Meeting held on 24 October 2016, inter alia, took on record and considered resignation of Rupali Verma from the post of Company Secretary and Compliance Officer with effect from 01 November 2016.

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Outcome of board meeting of Power Grid Corporation of India
Oct 24,2016

Power Grid Corporation of India announced that the Companys Board of Directors in their meeting held on 22 October 2016 have accorded approval for amendment to Investment of North Eastern Region Strengthening Scheme - IV (NERSS - IV) at an estimated cost of Rs. 409.19 crore with commissioning schedule of 24 months from the date of investment approval.

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Idea Cellular consolidated net profit declines 88.00% in the September 2016 quarter
Oct 24,2016

Net profit of Idea Cellular declined 88.00% to Rs 91.46 crore in the quarter ended September 2016 as against Rs 762.28 crore during the previous quarter ended September 2015. Sales rose 7.23% to Rs 9298.89 crore in the quarter ended September 2016 as against Rs 8672.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9298.898672.03 7 OPM %30.5432.18 - PBDT1964.782522.48 -22 PBT10.481086.80 -99 NP91.46762.28 -88

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Johnson Controls-Hitachi Air Condition. India reports standalone net loss of Rs 5.36 crore in the September 2016 quarter
Oct 24,2016

Net Loss of Johnson Controls-Hitachi Air Condition. India reported to Rs 5.36 crore in the quarter ended September 2016 as against net loss of Rs 10.73 crore during the previous quarter ended September 2015. Sales rose 15.97% to Rs 287.50 crore in the quarter ended September 2016 as against Rs 247.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales287.50247.90 16 OPM %-0.50-2.17 - PBDT-0.12-6.86 98 PBT-11.95-17.36 31 NP-5.36-10.73 50

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Navin Fluorine International standalone net profit rises 138.66% in the September 2016 quarter
Oct 24,2016

Net profit of Navin Fluorine International rose 138.66% to Rs 55.44 crore in the quarter ended September 2016 as against Rs 23.23 crore during the previous quarter ended September 2015. Sales rose 20.94% to Rs 182.33 crore in the quarter ended September 2016 as against Rs 150.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales182.33150.76 21 OPM %22.2821.03 - PBDT46.9139.76 18 PBT40.9235.16 16 NP55.4423.23 139

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Kingfa Science & Technology (India) standalone net profit rises 89.14% in the September 2016 quarter
Oct 24,2016

Net profit of Kingfa Science & Technology (India) rose 89.14% to Rs 4.18 crore in the quarter ended September 2016 as against Rs 2.21 crore during the previous quarter ended September 2015. Sales rose 29.54% to Rs 112.09 crore in the quarter ended September 2016 as against Rs 86.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.0986.53 30 OPM %6.038.85 - PBDT7.354.33 70 PBT6.413.79 69 NP4.182.21 89

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Gujarat State Fertilizers & Chemicals standalone net profit declines 12.05% in the September 2016 quarter
Oct 24,2016

Net profit of Gujarat State Fertilizers & Chemicals declined 12.05% to Rs 125.01 crore in the quarter ended September 2016 as against Rs 142.14 crore during the previous quarter ended September 2015. Sales declined 8.62% to Rs 1637.82 crore in the quarter ended September 2016 as against Rs 1792.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1637.821792.24 -9 OPM %11.9211.46 - PBDT200.55222.29 -10 PBT173.88197.39 -12 NP125.01142.14 -12

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Board of Yash Papers approves change in registered office
Oct 24,2016

Yash Papers announced that the Board of Directors of the Company at its meeting held on 22 October 2016, has approved the change of place of Registered Office from 13/65, Parmat, Civil Lines, Kanpur - 208 001, Uttar Pradesh, India to Flat No.202, Preet Garden, 3A/172, Azad Nagar, Opposite Muskan Guest House, Kanpur Nagar, Kanpur - 208002, Uttar Pradesh, India w.e.f. 01 November 2016.

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Board of Sayaji Hotels accepts sanction of credit facility of Rs 24.5 cr
Oct 24,2016

Sayaji Hotels announced that the Board of Directors of the Company at its meeting held on 24 October 2016, inter alia, the following decisions were considered & approved:

- Acceptance of the sanction letter of Axis Bank for their credit facility of Rs 24.50 crore.

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