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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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Sobha announces resignation of director
Apr 11,2017

Sobha announced the resignation of Ramakrishna P as Deputy Managing Director and Director from the Board of Directors of the Company effective 07 April 2017.

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Suzlon in spotlight after winning repeat order
Apr 11,2017

Suzlon Energy said it has won a repeat order of 50.40 megawatts (MW) wind power project in Karnataka from a leading IPP company. The announcement was made after market hours yesterday, 10 April 2017. The project will be completed by June 2017. Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services.

Majesco announced that a tier two specialty insurer renewed its application management services agreement with Majesco for three years to support a number of key operational systems. The insurer is focused on specialty related insurance in the US. The agreement will provide the insurer end to end support of some of their key operational systems for three years. The application management services are part of Majescos ADM services. The insurer has been a long-term strategic client of Majesco. The announcement was made after market hours yesterday, 10 April 2017.

Indiabulls Ventures said it has allotted an aggregate of 3.36 crore fully paid up equity shares to promoter group entities of the company, upon exercise/conversion of equivalent number of warrants. The announcement was made after market hours yesterday, 10 April 2017.

Hindustan Composites said its board at a meeting held on 10 April 2017, considered a proposal for 2-for-1 stock split. The board decided to seek shareholders approval through postal ballot process for the stock split proposal. The announcement was made after market hours yesterday, 10 April 2017.

Capital First said the meeting of the debenture committee of the board of directors of the company will be held on Thursday, 13 April 2017, inter-alia, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures to be listed on the debt market segment of National Stock Exchange of India. The announcement was made after market hours yesterday, 10 April 2017.

Redington (India) announced that its overseas step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S sold its entire holding of 51% in its subsidiary, Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey, for $1.65 million. The announcement was made after market hours yesterday, 10 April 2017.

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Axis Bank allots 4,86,410 equity shares
Apr 10,2017

Axis Bank has allotted 4,86,410 equity shares of Rs. 2/- each on 10.04.2017, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 479,00,72,218 (239,50,36,109 equity shares of Rs. 2/- each) to Rs. 479,10,45,038 (239,55,22,519 equity shares of Rs. 2/- each).

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Board of Ganesh Housing Corporation approves change in CFO
Apr 10,2017

Ganesh Housing Corporation announced that the Board of Directors of the company at its meeting held on 10 April 2017 has approved appointment of Rajendra Shah as CFO of the Company with effect from 10 April 2017 in place of Nilesh Shah who has tendered his resignation from the said post.

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Majesco provides business update
Apr 10,2017

Majesco announced that a tier two specialty insurer renewed its application management services agreement with Majesco for three years to support a number of key operational systems.

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Shilpi Cable Technologies gets assigned rating for proposed NCD issue
Apr 10,2017

Shilpi Cable Technologies announced that Brickwork Ratings has assigned credit rating BWR A (SO) (Outlook : Stable) to the proposed NCD issue of Rs 100 crore by the Company.

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Board of Aarti Industries approves investment of Rs 75 crore
Apr 10,2017

Aarti Industries announced that the Board of Directors of the Company have approved an investment of Rs 75 crore to set up a world class R&D, scale up and innovation complex at Jhagadia, Gujarat spread over 50,000 sq. ft and equipped with the state of the art equipment and analytic tools.

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Cholamandalam Investment & Finance Company to allot 10,261 equity shares
Apr 10,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 10,261 equity shares of Rs.10/- each to the option grantees who have exercised their options. The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities

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Elecon Engineering Company secures order from IFFCO
Apr 10,2017

Elecon Engineering Company has been awarded a prestigious order from Indian Farmers Fertiliser Cooperative (IFFCO) for Bagging facilities expansion on turnkey basis at its Kandla Unit, Gujarat aggregating worth of Rs. 59 crore.

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NHPC achieves mechanical spinning of unit 2 of Prabati HE Project
Apr 10,2017

NHPC announced that Mechanical Spinning of Unit #2 of Prabati HE Project (4x200 MW), State II in Kullu, Himachal Pradesh has been successfully achieved on 09 April 2017.

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Tamil Nadu Petro Products announces appointment of director
Apr 10,2017

Tamil Nadu Petro Products announced that Atulya Misra [DIN: 02210369], IAS, Principal Secretary, Industries Department, Government of Tamilnadu, has been appointed as an Additional Director representing Tamil Nadu Industrial Development Corporation (TIDCO), and also as the Chairman of the Board of the Company. The appointment is effective from 10 April 2017.

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Gujarat Industries Power Co. commissions 12.6 MW wind turbine generators
Apr 10,2017

Gujarat Industries Power Co has commissioned 12.6 MW (6 WTGs x 2.1 MW) WTGs of the Kuchhdi Wind Farm site, Ta. & Dist.: Porbandar, Gujarat for which Certificate of Commissioning has been issued by Gujarat Energy Development Agency (GEDA). With the commissioning of above WTGs, the 50.4 MW Wind Farm Site at Village Kuchhdi, Ta. & Dist.: Porbandar, Gujarat is now fully commissioned.

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Indian Hume Pipe Company secures work order worth Rs 109.64 crore
Apr 10,2017

Indian Hume Pipe Company has secured work order of Rs 109.64 crore from Public Health Engineering Department, NCR Region, Alwar, Govt. of Rajasthan for execution of the work of reorganization of Urban Water Supply Scheme at Alwar and Bhiwadi towns.

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Natco Economicals announces resignation of company secretary and compliance officer
Apr 10,2017

Natco Economicals announced the resignation of Meghna Jyotishkumar Raval as Company Secretary & Compliance Officer of the Company with effect from 12 April 2017.

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Pincon Spirit provides business update
Apr 10,2017

Pincon Spirit announced that the announcement by the Chief Minister of Madhya Pradesh on shutting down the liquor shops in the State within 5 kms of Narmada river will not affect the business of Pincon Spirit in any manner as the Company does not have any liquor business establishment in the State of Madhya Pradesh.

Further, the Company announced that 27.5% business of the Company is from FMCG (Edible Oil segment) products.

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