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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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Board of Mudunuru decides to sell non-core assets
Mar 10,2017

Mudunuru announced that the Board of Directors of the Company at its meeting held on 10 March 2017 examined the business of the Company and has decided to sell its non critical assets and to sell its stake in the below mentioned subsidiary companies and authorize the Whole-Time Director to take all necessary steps as may be required in this regard:- 1. Mudunuru Dreams 2. Mudunuru Software.

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Board of Infronics Systems decides to acquire three entities
Mar 10,2017

Infronics Systems announced that the Board of Directors of the Company at its meeting held on 10 March 2017 has reviewed the existing business and has decided to acquire small time Companies namely Mudunuru Software, Zoraly Solutions and Biomorf Systems which are engaged in the Information Technology related business in order to achieve in organic growth

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Roll out of GST-1st July 2017
Mar 10,2017

The GST Council in its 9th Meeting held on 16 January 2017 took note of the work to be completed for the rollout of GST and after deliberations, agreed to extend the date for rollout of GST from 1st April 2017 to 1st July 2017. Steps taken to ensure rollout of GST by 1st July 2017 include approval of the Draft GST Compensation Law by the GST Council in its 10th Meeting on 18 February 2017 held in Udaipur, Rajasthan. Subsequently, the Draft CGST Law and Draft IGST Law were approved in the 11th Council Meeting held on 4 March 2017 at New Delhi. The issues of dual control and cross empowerment were resolved in the 9th Meeting of the GST Council held on 16 January 2017 in which a broad agreement was reached on the issue of cross-empowerment to achieve single interface of taxpayer with the tax administration in the GST regime.

All the decisions taken by the GST Council so far have been based on consensus among the Centre and the States.

At the Central level, the following taxes are being subsumed in GST:

n++ Central Excise Duty,

n++ Additional Excise Duty,

n++ Service Tax,

n++ Additional Customs Duty commonly known as Countervailing Duty, and

n++ Special Additional Duty of Customs.

n++ Cesses and surcharges (Except Clean Energy Cess)

At the State level, the following taxes are being subsumed in GST:

n++ State Value Added Tax/Sales Tax,

n++ Central Sales Tax (levied by the Centre and collected by the States),

n++ Entertainment Tax (other than the tax levied by the local bodies),

n++ Octroi and Entry tax,

n++ Purchase Tax,

n++ Luxury tax, and

n++ Taxes on lottery, betting and gambling.

n++ State cesses and surcharges in so far as they relate to supply of goods and services.

GST will simplify and harmonise the indirect tax regime in the country. It is expected to reduce cost of production, thereby making the Indian trade industry more competitive, domestically as well as internationally. It is also expected that introduction of GST will foster a common or seamless Indian market and contribute significantly to the growth of the economy. Further, GST will broaden the tax base, and result in better tax compliance due to robust IT infrastructure.

GST Council is presently deliberating on various issues entrusted to it. All the decisions taken by the Council so far have been based on consensus. GST is going to be implemented soon in the country, therefore, simultaneous and concert efforts are also being made by the government in the form of IT readiness, rigorous consultations, workshops and training sessions for the industry and traders, and all other stake holders involved etc.

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Shilpi Cable Technologies allots NCDs aggregating Rs 10.8 crore
Mar 10,2017

Shilpi Cable Technologies announced that the Board of Directors of the company vide a resolution passed by circulation on 10 March 2017 have allotted 1080 Unlisted, Unsecured, Redeemable Non-Convertible Debentures of Rs. 100,000 each aggregating to Rs 10.8 crore on private placement basis.

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Simplex Mills Company director resigns
Mar 10,2017

Simplex Mills Company announced that Pradeep S Chonkar, Non-Executive Director of Company vide his letter 10 March 2017 tendered his resignation from the Board of the Company.

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Oxides & Specialities to hold board meeting
Mar 10,2017

Oxides & Specialities will hold a meeting of the Board of Directors of the Company on 17 March 2017, to consider and adopt un-audited Financial Results for the quarter ended 31 December 2016.

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Gayatri BioOrganics to hold board meeting
Mar 10,2017

Gayatri BioOrganics will hold a meeting of the Board of Directors of the Company on 16 March 2017, to consider inter alia the Unaudited Financial Results for the third quarter ended 31 December 2016.

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Chambal Breweries & Distilleries to hold board meeting
Mar 10,2017

Chambal Breweries & Distilleries will hold a meeting of the Board of Directors of the Company on 20 March 2017, to consider and appoint Women Director as an additional Director of the company

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Maharashtra Polybutenes to hold board meeting
Mar 10,2017

Maharashtra Polybutenes will hold a meeting of the Board of Directors of the Company on 17 March 2017, to consider and adopt un-audited Financial Results for the quarter ended 31 December 2016.

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Polaris Consulting & Services to hold board meeting
Mar 10,2017

Polaris Consulting & Services will hold a meeting of the Board of Directors of the Company on 15 May 2017.

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Millitoons Entertainment to hold board meeting
Mar 10,2017

Millitoons Entertainment will hold a meeting of the Board of Directors of the Company on 15 March 2017, to consider allotment of equity shares pursuant to bonus issue in the ratio of 1:1 to the shareholders of the Company whose names appear in the register of members of the Company as on the record date. i.e., March 14, 2017.

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Centre creating a dynamic buffer of upto 2 million tonnes of Pulses
Mar 10,2017

Government is creating a dynamic buffer of upto 2 million tonnes of pulses. As on 6.3.2017, around 14.25 lakh tonnes of pulses has been procured / contracted for imports for the buffer. During 2015-16, around 5.88 million tonnes pulses were imported.

The measures taken by the Government to improve the domestic availability, inter alia, include zero import duty on pulses, export ban on pulses with certain exemptions, regular enhancement of MSP for pulses, and implementation on National Food Security Mission (NFSM).

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Rupee edges up further
Mar 10,2017

Rupee closed higher at 66.7275/7300 per dollar on Friday (10 March 2017), versus its previous close of 66.8600/8650 per dollar.

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AXISCADES Engineering Technologies appoints director
Mar 10,2017

AXISCADES Engineering Technologies announced the appointment of Vimmi Mittal Trehan as an Additional Director in the capacity of Independent Director (Woman Director) w.e.f. 11 March 2017.

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Ludlow Jute & Specialities appoints company secretary and compliance officer
Mar 10,2017

Ludlow Jute & Specialities has appointed Madhuri Pandey as Company Secretary and Compliance Officer of the Company with effect from 01 March 2017.

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