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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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Shree Rama Newsprint allots 1,91,100 equity shares
Jan 31,2017

Shree Rama Newsprint announced that Securities Allotment Committee Meeting of the Board of Directors of the Company in its meeting held on 30 January 2017, has allotted 1,91,100 equity shares of Rs.10/- each to ICICI Bank subject to locking for a period of one year from trading approval on conversion of 1,91,100 Optionally Convertible Debentures (OCD) of Rs.10/- each to ICICI Bank.

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Pfizer appoints director
Jan 31,2017

Pfizer announced the Board of Directors of the Company at its held Meeting on 30 January 2017, has appointed Ravi Prakash Bhagavathula as an Additional Director of the Company, designated as an Executive Director, Finance with effect from 30 January 2017 for a period of 5 years. The appointment of Ravi Prakash will be subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company.

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MPS Infotecnics executes agreement with Easy Policy
Jan 31,2017

MPS Infotecnics has executed agreement with Easy policy on 30 January 2017. Easy policy is an insurance web aggregators licensed as such by IRDA. This agreement will enable insurance market place at UVApoint.

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IndusInd Bank allots 19,745 equity shares
Jan 31,2017

IndusInd Bank has allotted 19,745 (Nineteen Thousand Seven Hundred Forty Five) equity shares of Rs. 10/- (Rupees Ten Only) each on 30 January 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Dilip Buildcon intimates of recall of road project by Ministry of Road Transport & Highways
Jan 31,2017

Dilip Buildcon announced that the Ministry of Road Transport & Highways, Government of India has recalled the project Rehabilitation and up-gradation of Machilipatnam to Avanigadda section from Km 84/550 to Km 124/200 of NH-214A (New NH-216) to two lane with paved shoulder in the state of Andhra Pradesh under NHDP -IV through an Engineering, Procurement and Construction (the EPC) basis where the Company had been declared as the successful bidder (L-1) for the project.

The Ministry of Road Transport & Highways, Government of India has recalled the project because L-1 Bid price is higher than the departmental estimate i.e. 222.90 crore.

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Pioneer Distilleries commences operations at MENA plant in Balapur
Jan 31,2017

Pioneer Distilleries announced that it has recommenced the operations of the 100 Kilo Liters Per Day (KLPD) Molasses Based Extra Neutral Alcohol (MENA) plant at the factory located at Balapur (V), Dharmabad (Taluk), Nanded District, Maharashtra with effect from 30 January 2017.

The company had temporarily stopped manufacturing activities of the said MENA plant account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

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V-Mart Retail appoints company secretary & compliance officer
Jan 31,2017

V-Mart Retail announced Megha Tandon has been appointed as Company Secretary & Compliance Officer w.e.f. 30 January 2017.

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Alankit fixes record date for interim dividend
Jan 31,2017

Alankit has fixed 09 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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SRF fixes record date for 2nd interim dividend
Jan 31,2017

SRF has fixed 20 February 2017, as the Record Date for the purpose of Payment of Second Interim Dividend.

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Motilal Oswal Financial Services to pay interim dividend for FY 2017
Jan 31,2017

Motilal Oswal Financial Services announced that interim dividend of Rs 2.50 per share for FY 2017 would be paid to all the equity shareholders of the Company on or before 23 February 2017.

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Board of Motilal Oswal Financial Services declares interim dividend for FY 2017
Jan 31,2017

Motilal Oswal Financial Services announced that the Board of Directors of the Company at its Meeting held on 30 January 2017, inter alia,, considered and approved the following matters:-

- declaration of Interim Dividend, for the financial year ending 31 March 2017 at the rate of Rs. 2.50 per share on the face value of Re. 1 each, out of the profits of the Company.

The said Interim Dividend would be paid to all the equity shareholders of the Company on or before 23 February 2017.

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Tech Mahindra may gain after posting strong Q3 results
Jan 31,2017

Tech Mahindras consolidated profit after tax rose 32.77% to Rs 856 crore on 5.44% growth in revenue to Rs 7557.50 crore in Q3 December 2016 over Q2 September 2016. The result was announced at the fag end of the trading session yesterday, 30 January 2017.

The companys consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016.Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Maruti Suzuki India inaugurated its 200th NEXA showroom in Hyderabad. The announcement was made after market hours yesterday, 30 January 2017. Launched in July 2015, NEXA, the premium automotive retail channel of Maruti has enabled the company to attract newer categories of customers.

Tata Power Company announced that Welspun Renewables Energy Private Limited (WREPL), a wholly-owned step down subsidiary of the company which has been recently acquired, has successfully issued and allotted guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 1200 crore on a private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Bajaj Auto, ICICI Bank, Indian Oil Corporation and ONGC will announce Q3 results today, 31 January 2017.

Thyrocare Technologies said that the board of directors of the company has decided to discontinue, with immediate effect, the existing arrangement with companys wholly-owned subsidiary, Nueclear Healthcare (NHL), by which the company was sourcing PET-CT business for them against a fee of 20% of the amount charged by them. The announcement was made after market hours yesterday, 30 January 2017.

Pfizers net profit rose 4.37% to 62.37 crore on 2.58% fall in total income to 536.75 in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

State Bank of Travancore announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 7.95%, one month MCLR was fixed at 8.15%, three month MCLR was fixed at 8.25%, six months MCLR was fixed at 8.4% and one year MCLR was fixed at 8.55%. MCLR on two-year loans will be 8.6% and for three-year loans the rate will be 8.65%. The announcement was made after market hours yesterday, 30 January 2017.

Pioneer Distilleries announced that it has re-commenced the operations of the 100 kilo liters per day (KLPD) molasses based extra neutral alcohol (MENA) plant(s) at the factory located at Balapur (V), Dharmabad (Taluka), Nanded District, Maharashtra, with effect from 30 January 2017. The announcement was made after market hours yesterday, 30 January 2017.

The company had earlier informed temporary stoppage of the manufacturing activities of the plant on account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

Dilip Buildcon announced that it has been declared as the successful bidder (L-1) by the Ministry of Road Transport & Highways, Government of India for the recalled project of rehabilitation and up-gradation of Machilipatnam to Avanigadda section of road to two lane with paved shoulder in the state of Andhra Pradesh under NHDP-IV through an engineering, procurement and construction basis. The announcement was made after market hours yesterday, 30 January 2017.

The Ministry of Road Transport & Highways, Government of India had recalled this project because L-1 bid price is higher than the departmental estimate of Rs 222.90 crore.

NRB Bearings announced that a meeting of the board of directors of the company will be held on 8 February 2017, to consider adoption of unaudited financial results for the quarter ended 31 December 2016 and further issue of listed non convertible debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Shriram City Union Finances net profit fell 9.49% to Rs 157.74 crore on 15.5% rise in total income to Rs 1156.33 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

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Motilal Oswal Financial Services fixes record date for interim dividend
Jan 31,2017

Motilal Oswal Financial Services has fixed Record Date as 09 February 2017 for the purpose of interim dividend.

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Board of Shyamkamal Investments to consider December quarter results
Jan 31,2017

Shyamkamal Investments announced that a meeting of Board of Directors of the Company is scheduled to be held on 09 February 2017, inter alia, to consider, approve and take on record the following:

Unaudited financial results for the quarter ended 31 December 2016 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) regulations 2015.

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Board of M3 Global Finance to consider December quarter results
Jan 31,2017

M3 Global Finance announced that next Board Meeting of the Company is scheduled on 03 February 2017, to transact the following business:

1. To review the Financial Results of the Company for the Quarter ended 31 December 2016.

2. To appoint as the Internal Auditors of the Company.

3. To review the Promoter / Executive Management Presentation.

4. To review the Discussion/Questions around strategy and execution.

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