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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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RCL Foods appoints director
Sep 08,2016

RCL Foods announced that G Vimal Chand Chordia, has appointed as Additional/ Independent Director of the Company w.e.f. 03 September 2016.

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Reliable Ventures India gets extension to hold AGM
Sep 08,2016

Reliable Ventures India announced that due to certain pressing circumstances, the Company has obtained extension in holding its Annual General Meeting (AGM) for the financial year 2015-16 from the Registrar of Companies, Madhya Pradesh, Gwalior.

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IT shares witness selling pressure
Sep 08,2016

Infosys (down 2.75%), HCL Technologies (down 2.71%), Tech Mahindra (down 2.36%), Wipro (down 1.77%), Oracle Financial Services Software (down 1.75%), Hexaware Technologies (down 1.23%), MindTree (down 0.98%), MphasiS (down 0.87%) and Persistent Systems (down 0.5%), edged lower.

TCS slumped 5.36% to Rs 2,315.85.

The S&P BSE IT index was down 3.03% at 10,108.16. It underperformed the S&P BSE Sensex, which was up 0.15% at 28,970.67.

The BSE IT index had underperformed the market over the past 30 days till 7 September 2016, sliding 5.09% compared with 3% rise in the Sensex. The index had also underperformed the market in past one quarter, falling 7.95% as against Sensexs 8.08% rise.

TCS announced after market hours yesterday, 7 September 2016, that it intends to update investors on business trends in Q2 September 2016. Based on data at the end of August 2016, the company has characterized customer outlook as one marked by abundant caution, with some holding back of discretionary spending - particularly in the banking, financial services and insurance (BFSI) vertical in the United States - resulting in a sequential loss of momentum.

The BFSI vertical reportedly contributed around 40% to TCS revenue in Q1 June 2016.

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GE T&D India tumbles after reverse turnaround in Q1
Sep 08,2016

The result was announced after market hours yesterday, 7 September 2016.

Meanwhile, the S&P BSE Sensex was up 58.44 points or 0.2% at 28,984.80.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 12,243 shares in the past one quarter. The stock hit a high of Rs 329.30 and a low of Rs 317.60 so far during the day. The stock had hit a 52-week low of Rs 313.55 on 1 September 2016. The stock had hit a 52-week high of Rs 568.70 on 9 September 2015. The stock had underperformed the market over the past one month till 7 September 2016, sliding 3.87% compared with 3.02% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.93% as against Sensexs 7.1% rise.

The mid-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2.

GE T&D Indias net sales rose 11.6% to Rs 854.56 crore in Q1 June 2016 over Q1 June 2015.

GE T&D India (formerly Alstom T&D India) is a leading player in the power transmission business. It has a predominant presence in all stages of the power supply chain.

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Over 5.15 Crore Households Lighting their Houses with LED Bulbs
Sep 08,2016

The Unnat Jyoti by Affordable LEDs (UJALA) programme has been widely accepted across rural and urban areas of the country and so far over 15.45 crore LED bulbs have already been distributed under this programme. Over 5.15 crore Indian households have already benefitted from this programme and have made their homes brighter.

The UJALA is the worlds largest Light Emitting Diode (LED) programme for the residential sector. The initiative is being implemented by Energy Efficiency Services Limited (EESL) a public sector undertaking of Ministry of Power.

The scheme is presently operational in 18 states and 4 Union Territories. EESL will roll out the scheme in West Bengal and North Eastern states in the coming days. In the remaining states and Union Territories, the decision to roll out the scheme is pending with the respective state governments.

LED bulbs can be collected from designated distribution kiosks across the country, the details of which are available on www.ujala.gov.in.

The LED bulbs distributed under the UJALA scheme is one third the market price and these superior quality bulbs also come with a three-year free replacement warranty. Under the UJALA scheme, consumers can avail these LED bulbs at an upfront cost and can save nearly Rs. 336 every year on their electricity bills per LED bulb, making the bulbs free to the user in just 3 months.

Ministry of Power, through Energy Efficiency Services Limited (EESL), has ensured that the common man is made aware of the scheme through various platforms. In every state, where the scheme is functional, traditional media such as Television, Radio and Newspapers; Out of Home media such as Hoardings, Communication Vans, Posters, etc.; and Digital platforms such as website, Social Media, Mobile App and microsite are used to spread awareness about distribution of these bulbs.

Government of India is committed to achieving its target of replacing all the 77 crore inefficient bulbs in India with LEDs. This will result in reduction of 20,000 MW load, energy savings of 100 billion kWh and Green House Gas (GHG) reduction of 80 million tonnes every year.

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Tasty Bite Eatables announces change in directorate
Sep 08,2016

Tasty Bite Eatables announced Sohel Shikari automatically vacated the office of Alternate Director pursuant to provisions of Section 161 of the Companies Act, 2013 on 04 September 2016. (Ashok Vasudevan- Original director reached India on 04 September 2016).

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Dhanlaxmi Bank allots equity shares
Sep 08,2016

Dhanlaxmi Bank announced has approved the allotment of 3,24,05,000 Equity Shares of Rs. 10/- each at a price of Rs. 25.98 per share (including premium of Rs. 15.98) on Preferential Allotment basis.

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Brahmanand Himghar to hold board meeting
Sep 08,2016

Brahmanand Himghar will hold a meeting of the Board of Directors of the Company on 15 September 2016.

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Richa Industries to hold board meeting
Sep 08,2016

Richa Industries will hold a meeting of the Board of Directors of the Company on 14 September 2016.

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OCL Iron & Steel to hold board meeting
Sep 08,2016

OCL Iron & Steel will hold a meeting of the Board of Directors of the Company on 14 September 2016.

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Mandhana Industries to hold board meeting
Sep 08,2016

Mandhana Industries will hold a meeting of the Board of Directors of the Company on 14 September 2016.

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J Kumar Infraprojects to hold board meeting
Sep 08,2016

J Kumar Infraprojects will hold a meeting of the Board of Directors of the Company on 13 September 2016.

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GMR Infrastructure to hold board meeting
Sep 08,2016

GMR Infrastructure will hold a meeting of the Board of Directors of the Company on 14 September 2016.

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Godawari Power & Ispat to hold board meeting
Sep 08,2016

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 13 September 2016.

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Future Market Networks to hold board meeting
Sep 08,2016

Future Market Networks will hold a meeting of the Board of Directors of the Company on 14 September 2016.

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