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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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State Bank of India intimates of Cabinet approval for proposed merger with 5 associate banks
Feb 16,2017

State Bank of India announced that the Finance Minister of India, in a press briefing earlier on 15 February 2017 has announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with State Bank of India.

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State Bank of India intimates of Cabinet approval for proposed merger of 5 associate banks with SBI
Feb 16,2017

State Bank of India announced that the Finance Minister of India, in a press briefing earlier on 15 February 2017 has announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with State Bank of India.

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Update on Tata Steel UK Pension Scheme
Feb 16,2017

Tata Steel announced that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK has announced with its statement dated 15 February 2017 that its members have voted to support the Companys proposals including the proposal to close the pension scheme in the UK to future accrual.

The formal pension consultation is expected to conclude in the coming days and Tata Steel UK, will continue to review all of the responses and feedback received during this process and will continue to work with the Steel Committee and all relevant stakeholders.

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TCS will be watched after buyback proposal
Feb 16,2017

TCS said that its board will meet on 20 February 2017 to consider buyback of equity shares. The announcement was made after trading hours yesterday, 15 February 2017.

Tata Steel said that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK announced that its members have voted to support the companys proposals, including the proposal to close the pension scheme in the UK to future accrual. Tata had offered a package in December 2016 to retain its steel business in Britain instead of selling it, and the generous financial commitment in the pension scheme was seen as a major hurdle. Three unionsn++Unite, Community and GMBn++balloted their members on the package offered. As much as 72.1% of the members of Community and 75.6% of members of Unite - the two biggest unions - as well as 74% of the third union GMB, voted in favour of accepting the proposals. The announcement was made after trading hours yesterday, 15 February 2017.

State Bank of India (SBI) said that the Finance Minister of India, in a press briefing earlier on 15 February 2017, announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI. The announcement was made after trading hours yesterday, 15 February 2017.

Nestle Indias net profit fell 8.7% to Rs 167.31 crore on 16.2% increase in net sales to Rs 2261.28 crore in Q4 December 2016 over Q4 December 2015. The companys net profit rose 64.5% to Rs 926.54 crore on 12.8% increase in net sales to Rs 9159.28 crore in the year ended December 2016 over the year ended December 2015. The result was announced after trading hours yesterday, 15 February 2017.

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330 lakh MT of wheat to be procured during Rabi Marketing Season 2017-18
Feb 15,2017

In consultation with the States, it was decided to procure 330.00 lakh MT of wheat during RMS 2017-18, which is considerably more in comparison with the last season actual procurement of 229.61 lakh MT.

The State-wise break-up of the estimate of wheat procurement during RMS 2017-18 is as follows:n++

Sl. No.StateEstimate for Wheat Procurement (lakh MT)

n++

1.Punjab115.002.Haryana75.003.Madhya Pradesh85.004.Uttar Pradesh30.005.Rajasthan17.506.Bihar5.007.Uttarakhand1.508.Gujarat0.509.Other States0.50n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Total330.00

In the Conference, the estimate for procurement of paddy grown in Rabi/ Winter/ Summer crop of Kharif Marketing Season 2016-17 for various States were also done in terms of rice. The estimate is 50 lakh MT with State-wise break-up given below. This estimate is over and above the estimate of 330 lakh MT set for Kharif crop of paddy for KMS 2016-17, for which the procurement operations are going on and the paddy procurement in KMS 2016-17 in terms of rice has already reached to the level of 292.31 lakh MT as reported on 15.02.2017, which is nearly 28 lakh MT higher than the procurement of 264.53lakh MT by the corresponding date in previous year, i.e., KMS 2015-16.n++n++n++n++

n++Estimate for paddy procurement in terms of Rice for winter/ summer Crop in KMS 2016-17:-n++

Sl. No.StateEstimate for Paddy Procurement in terms of Rice (lakh MT)

n++

1.Andhra Pradesh13.002.Telangana15.003.Odisha7.004.Tamil Nadu5.005.Kerala1.006.West Bengal8.007.Assam0.258.Maharashtra0.75n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ Total50.00

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Chpl Industries reports standalone nil net profit/loss in the December 2016 quarter
Feb 15,2017

Chpl Industries reported no net profit/loss in the quarter ended December 2016 and during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Sheshadri Industries reports standalone net loss of Rs 6.11 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Sheshadri Industries reported to Rs 6.11 crore in the quarter ended December 2016 as against net loss of Rs 0.72 crore during the previous quarter ended December 2015. Sales declined 51.65% to Rs 11.89 crore in the quarter ended December 2016 as against Rs 24.59 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales11.8924.59 -52 OPM %-42.05-5.86 - PBDT-5.56-1.66 -235 PBT-6.11-1.95 -213 NP-6.11-0.72 -749

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Kashiram Jain & Co reports standalone net profit of Rs 0.02 crore in the December 2016 quarter
Feb 15,2017

Net profit of Kashiram Jain & Co reported to Rs 0.02 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 96.55% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010.29 -97 OPM %300.000 - PBDT0.030 0 PBT0.030 0 NP0.020 0

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Haria Apparels reports standalone net profit of Rs 0.04 crore in the December 2016 quarter
Feb 15,2017

Net profit of Haria Apparels reported to Rs 0.04 crore in the quarter ended December 2016 as against net loss of Rs 0.30 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.19 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.19 -100 OPM %015.79 - PBDT0.150.25 -40 PBT0.04-0.30 LP NP0.04-0.30 LP

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Kanco Tea & Industries standalone net profit declines 22.36% in the December 2016 quarter
Feb 15,2017

Net profit of Kanco Tea & Industries declined 22.36% to Rs 1.25 crore in the quarter ended December 2016 as against Rs 1.61 crore during the previous quarter ended December 2015. Sales declined 5.67% to Rs 12.48 crore in the quarter ended December 2016 as against Rs 13.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.4813.23 -6 OPM %13.8615.19 - PBDT1.611.90 -15 PBT1.251.61 -22 NP1.251.61 -22

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Max Heights Infrastructure standalone net profit declines 3.33% in the December 2016 quarter
Feb 15,2017

Net profit of Max Heights Infrastructure declined 3.33% to Rs 0.29 crore in the quarter ended December 2016 as against Rs 0.30 crore during the previous quarter ended December 2015. Sales rose 57.33% to Rs 1.18 crore in the quarter ended December 2016 as against Rs 0.75 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.180.75 57 OPM %28.8145.33 - PBDT0.340.34 0 PBT0.290.30 -3 NP0.290.30 -3

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Omkar Speciality Chemicals standalone net profit rises 11.81% in the December 2016 quarter
Feb 15,2017

Net profit of Omkar Speciality Chemicals rose 11.81% to Rs 10.51 crore in the quarter ended December 2016 as against Rs 9.40 crore during the previous quarter ended December 2015. Sales rose 16.01% to Rs 125.69 crore in the quarter ended December 2016 as against Rs 108.34 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales125.69108.34 16 OPM %19.6816.17 - PBDT19.8713.79 44 PBT14.8311.78 26 NP10.519.40 12

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Greenearth Resources & Projects reports standalone net loss of Rs 4.34 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Greenearth Resources & Projects reported to Rs 4.34 crore in the quarter ended December 2016 as against net loss of Rs 4.61 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Oriental Trimex standalone net profit rises 2.88% in the December 2016 quarter
Feb 15,2017

Net profit of Oriental Trimex rose 2.88% to Rs 2.86 crore in the quarter ended December 2016 as against Rs 2.78 crore during the previous quarter ended December 2015. Sales rose 1.73% to Rs 15.85 crore in the quarter ended December 2016 as against Rs 15.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales15.8515.58 2 OPM %25.55-20.80 - PBDT4.02-6.41 LP PBT3.58-6.88 LP NP2.862.78 3

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Rajvir Industries reports standalone net loss of Rs 3.19 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Rajvir Industries reported to Rs 3.19 crore in the quarter ended December 2016 as against net loss of Rs 2.29 crore during the previous quarter ended December 2015. Sales declined 13.18% to Rs 36.56 crore in the quarter ended December 2016 as against Rs 42.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales36.5642.11 -13 OPM %7.499.00 - PBDT-2.31-0.99 -133 PBT-4.61-3.34 -38 NP-3.19-2.29 -39

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