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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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Veejay Lakshmi Engineering Works to hold board meeting
Oct 18,2016

Veejay Lakshmi Engineering Works will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the unaudited Financial Results of the Company for the quarter ended September 30, 2016 along with other subjects.

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Santosh Fine Fab to hold board meeting
Oct 18,2016

Santosh Fine Fab will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider the Unaudited Financial Accounts of the Company for the quarter ended September 30, 2016

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Mavi Industries to hold board meeting
Oct 18,2016

Mavi Industries will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve Unaudited Financial Results of the Company for the quarter & half year ended September 30, 2016.

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Cupid to hold board meeting
Oct 18,2016

Cupid will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and adopt unaudited financial results for the quarter ended September 30, 2016 and to consider and discuss on 2nd Interim Dividend for the financial year 2016-17.

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Tavernier Resources to hold board meeting
Oct 18,2016

Tavernier Resources will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the Un-audited Financial Results of the Company for the Quarter and Half Year Ended September 30, 2016.

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DCM Shriram to hold board meeting
Oct 18,2016

DCM Shriram will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider the Unaudited Financial Results (both Standalone and Consolidated) for the quarter and half year ended September 30, 2016 and payment of Interim Dividend, if any, for the financial year 2016-17.

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JL Morison (India) to hold board meeting
Oct 18,2016

JL Morison (India) will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and approve the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2016 (Q2).

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Olympic Management & Financial Serv. to hold board meeting
Oct 18,2016

Olympic Management & Financial Serv. will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider the unaudited quarterly result for the quarter ended September 30, 2016.

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Escorts to hold board meeting
Oct 18,2016

Escorts will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider, approve and take on record the Unaudited Financial Results (Standalone) of the Company for the quarter/ half year ended September 30, 2016 (Q2).

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National Peroxide to hold board meeting
Oct 18,2016

National Peroxide will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Results for the quarter ended September 30, 2016.

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BPL to hold board meeting
Oct 18,2016

BPL will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider and approve the Consolidated Audited Financial Results of the Company for the Financial Year ended March 31, 2016,to approve cessation of Mr. D Krishnan as Company Secretary of BPL Limited

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India-Germany trade to touch USD 25 billion by 2018: PHD Chamber
Oct 18,2016

India and Germany are bound by tremendous business opportunities and close economic links based on the fundamentals of understanding and support, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued here today.

Based on strong complementarily and growth prospects going forward the trade between two nations is expected to touch USD 25 billion by 2018. Currently, India-Germany trade is valued at USD 18.9 billion.

Among various products, Indias thrust products in Germany included organic chemicals (9.57%), non-knitted apparels (8.46%), nuclear reactors and boilers (8.37%), knitted articles (8.16%), electrical equipments (5.76%) of total exports.

Germanys thrust products in India included nuclear reactors and boilers (29.91%), electrical equipments (10.68%), optical, measuring, photographic, medical or surgical equipments (8.14%), vehicles (7.44%), organic chemicals (5.49%) of total exports.

Dr. Mahesh Gupta also added that Indian exports into Germany were mainly focused on Consumer Goods, viz. nearly 54% of the total exports. On the other hand, nearly 61% of the total imports from Germany were focused on Capital Goods.

This clearly describes the characteristics of Germany being heavily endowed with capital-intensive goods is exporting India. On the other hand, India a relatively more labour-intensive nation is exporting more consumer goods to Germany, he said.

It was also highlighted by Dr. Mahesh Gupta that Indias export pattern has become more and more aligned with the import pattern of Germany over time. Both nations witnessed a favourable complementarity scenario.

Also, the basket of exportable products from India remained opulently diversified over the years, thereby rendering Indian exporters relatively less susceptible to volatility in a turbulent trade scenario.

Also, both nation registered satisfactory intra-industry trade numbers with substantial contribution in each others value chain, which is expected to grow further in the coming times, further added Dr. Mahesh Gupta.

Dr. Mahesh Gupta presumes that with further liberalization of FDI policy in different segments and the advent of GST next year, FDI from Germany is expected to touch a new growth trajectory.

Going ahead, it is essential for both the parts to become proactive and adopt deem policies to rejuvenate the falling trend in trade. Both nations should continuously meet and engage in discussions related to mitigating bilateral trade issues, defence ties, renewable energy, skill development and other vital areas.

As India is moving ahead as the front runner in growth of its economy, it needs extrinsic support from all the countries and Germany is one such nation which can truly transform into a sustainable partner for trade and economic growth.

Indias inordinate and skilled human capital highly aligns with the technological capabilities of Germany whereas German companies are competent in rendering infrastructural necessities to India, especially in logistics and construction sectors, added Dr. Mahesh Gupta.

Going ahead, growth prospects for trade and development between two countries are very promising and sustainable, not only for the coming years but for the coming decades, said Dr. Mahesh Gupta.

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Shristi Infrastructure Deve. Corpn. to hold EGM
Oct 18,2016

Shristi Infrastructure Deve. Corpn. announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 November 2016 .

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Dhruv Estates to hold board meeting
Oct 18,2016

Dhruv Estates will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and take on record inter-alia the Unaudited Financial Results for the Quarter ended on September 30, 2016.

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Swiss Glascoat Equipments to hold board meeting
Oct 18,2016

Swiss Glascoat Equipments will hold a meeting of the Board of Directors of the Company on 25 October 2016 to transact the business as stated in the agenda sent to the Directors and in particular to approve and take on record the Un-Audited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2016.

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