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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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Microse India to hold AGM
Sep 12,2016

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

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Neptune Exports to hold AGM
Sep 12,2016

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

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Ganon Trading & Finance Company to hold AGM
Sep 12,2016

Ganon Trading & Finance Company announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Chase Bright Steel to hold EGM
Sep 12,2016

Chase Bright Steel announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 September 2016 .

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Golden Capital Services to hold AGM
Sep 12,2016

Golden Capital Services announced that the 20th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Cabinet approves establishment of Higher Education Financing Agency for creating capital assets in higher educational institutions
Sep 12,2016

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of the Higher Education Financing Agency (HEFA) to give a major push for creation of high quality infrastructure in premier educational institutions.

The HEFA would be jointly promoted by the identified Promoter and the Ministry of Human Resource Development (MHRD) with an authorised capital of Rs.2,000 crore. The Government equity would be Rs.1,000 crore.

The HEFA would be formed as a SPV within a PSU Bank/ Government-owned-NBFC (Promoter). It would leverage the equity to raise up to Rs. 20,000 crore for funding projects for infrastructure and development of world class Labs in IITs/IIMs/NITs and such other institutions.

The HEFA would also mobilise CSR funds from PSUs/Corporates, which would in turn be released for promoting research and innovation in these institutions on grant basis.

The HEFA would finance the civil and lab infrastructure projects through a 10-year loan. The principal portion of the loan will be repaid through the internal accruals (earned through the fee receipts, research earnings etc) of the institutions. The Government would service the interest portion through the regular Plan assistance.

All the Centrally Funded Higher Educational Institutions would be eligible for joining as members of the HEFA. For joining as members, the Institution should agree to escrow a specific amount from their internal accruals to HEFA for a period of 10 years. This secured future flows would be securitised by the HEFA for mobilising the funds from the market. Each member institution would be eligible for a credit limit as decided by HEFA based on the amount agreed to be escrowed from the internal accruals.

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CES to hold AGM
Sep 12,2016

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

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Sandesh to hold AGM
Sep 12,2016

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

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Shreyas Intermediates to hold AGM
Sep 12,2016

Shreyas Intermediates announced that the 27th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Vishal Fabrics to hold AGM
Sep 12,2016

Vishal Fabrics announced that the 31th Annual General Meeting (AGM) of the company will be held on 20 September 2016.

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Wallfort Financial Services to hold AGM
Sep 12,2016

Wallfort Financial Services announced that the 21st Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Vapi Paper Mills to hold AGM
Sep 12,2016

Vapi Paper Mills announced that the 41st Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Zee Media Corp slides after announcing Q1 numbers
Sep 12,2016

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

Meanwhile, the S&P BSE Sensex was down 478.20 points or 1.66% at 28,319.05.

On BSE, so far 3.20 lakh shares were traded in the counter as against average daily volume of 4.01 lakh shares in the past one quarter. The stock hit a high of Rs 25.20 and a low of Rs 23.60 so far during the day. The stock had hit a 52-week low of Rs 16.40 on 29 September 2015. The stock had hit a 52-week high of Rs 28.45 on 17 June 2016. The stock had outperformed the market over the past one month till 9 September 2016, gaining 6.07% compared with Sensexs 2.54% gain. The scrip had also outperformed the market in past one quarter, advancing 9.98% as against Sensexs 7.6% gain.

The small-cap company has equity capital of Rs 47.08 crore. Face value per share is Rs 1.

Zee Media Corporations net sales declined 5.6% to Rs 127.03 crore in Q1 June 2016 over Q1 June 2015.

Zee Media Corporation operates in the media industry. The companys programming covers all genres, such as news, social service programming, entertainment and sports.

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Sobha slides after reporting small rise in profitability in Q1
Sep 12,2016

The result was announced on Saturday, 10 September 2016.

Meanwhile, the BSE Sensex was down 427.44 points, or 1.48%, to 28,369.81.

Higher than normal volumes were witnessed on the counter. On BSE, so far 20,198 shares were traded in the counter, compared with an average volume of 8,585 shares in the past one quarter. The stock hit a high of Rs 309.50 and a low of Rs 298 so far during the day. The stock hit a 52-week low of Rs 230.05 on 25 February 2016. The stock hit a 52-week high of Rs 348.65 on 4 November 2015. The stock had underperformed the market over the past one month till 9 September 2016, falling 2.3% compared with Sensexs 2.54% gain. The scrip had also underperformed the market in past one quarter, rising 1.04% as against Sensexs 7.6% gain.

The mid-cap company has an equity capital of Rs 98.06 crore. Face value per share is Rs 10.

Sobha is a backward integrated real estate player. The company is primarily focused on residential and contractual projects.

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Cabinet approves Exchange of Tariff concessions under the Fourth Round of Negotiations APTA
Sep 12,2016

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly the Bangkok Agreement) is an initiative under the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) for trade expansion through exchange of tariff concessions among developing country members of the Asia Pacific Region. The current membership of APTA consists of six countries or Participating States (PSs), namely, Bangladesh, China, India, Lao PDR, Republic of Korea, and Sri Lanka.

Since this is a preferential trade agreement, the basket of items as well as extent of tariff concessions are enlarged during the trade negotiating rounds which are launched from time to time. Till date, three rounds of trade negotiations have taken place. Up to the Third Round, India has offered tariff preferences on 570 tariff lines at an average Margin of Preference (MoP) of 23.9% and an additional 48 tariff lines to LDC members at an average MoP of 39.7% at the 6-digit HS level. The third round, with respect to all Participating States, cumulatively covered concessions on 4,270 products with MOP of 27.2%.

The Cabinet approved Indias offer 28.01% of dutiable national tariff lines (i.e. 3142 lines in HS2012 at 8-digit) with an average MoP of 33.45%. This will deepen the concessions being offered under this Agreement. Approval was also given to amend the preamble of APTA to effect accession of Mongolia as the 7th APTA Participating State. Other amendments to incorporate the Sectoral Rule of Origin to the Agreement were also approved.

The Fourth Session of the Ministerial Council of APTA, which is scheduled to be held shortly, will formally implement all the above decisions.

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