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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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Tanla Solutions allots equity shares to promoters
Mar 01,2017

Tanla Solutions announced that the Board of Directors of the Company on 01 March 2017 has through resolution passed by circulation approved allotment of 50,63,832 equity shares to the promoters on conversion of warrants.

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Board of Quasar India appoints company secretary and directors
Mar 01,2017

Quasar India announced that the Board of Directors of the Company at its meeting held on 01 March 2017 has approved the following -

Appointment of Dinesh Maurya as a Company Secretary and Compliance Officer of the Company.

Appointment of Avinash Sharma and Hitesh Rai Makhija as Additional Independent Directors of the Company.

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Board of Ganesh Holdings approves preferential allotment of shares
Mar 01,2017

Ganesh Holdings announced that the Board of Directors of the Company at its meeting held on 01 March 2017 has approved the following -

1. Increase in authorized share capital of the company from Rs. 25 Lakh to Rs. 45 Lakh subject to approval of Members in ensuing General Meeting.

2. Issue and allot fresh equity shares on preferential basis 1,65,000 Equity Shares of Rs. 10/- each subject to approval of Members in ensuing General Meeting.

3. Calling an Extra-Ordinary General Meeting on Saturday, the 25 March 2017 at 11.30 A.M. at the registered office of the Company for approval of above mentioned items.

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Board of Panyam Cements & Mineral Industries allots equity shares on conversion of warrants
Mar 01,2017

Panyam Cements & Mineral Industries announced that the Board of Directors of the Company at its meeting held on 01 March 2017 has considered and approved the conversion option given by the Warrants and issued and allotted 8,43,060 Equity shares of Rs 10/- each to the warrant holders viz EW India Special Assets Fun and Ecap Equities.

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Zydus Wellness fixes record date for interim dividend
Mar 01,2017

Zydus Wellness has fixed 14 March 2017 as Record Date for payment of interim dividend. The dividend payment date is on and from 20 March 2017.

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Mahindra Holidays & Resorts India intimates of cessation of subsidiaries
Mar 01,2017

Mahindra Holidays & Resorts India announced that Kiinteistn++ Oy Tunturinrivi and Saimaa Gardens Arena Oy, Finland have been merged with Holiday Club Resorts Oy, Finland, a step-down subsidiary of the Company w.e.f. 28 February 2017 and consequently, both the companies ceased to be subsidiaries of Holiday Club Resorts Oy, Finland and in turn of the Company.

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Nikkei gains on strong Wall Street, weak yen
Mar 01,2017

The Japan share market ended at a two-month high on Thursday, 02 March 2017, as investors took heart from robust gains on Wall Street overnight and yen depreciation against the U.S. dollar. Every industry category on the main section gained ground, led by insurance, securities, and iron and steel issues. Tokyos benchmark Nikkei 225 index climbed 0.88%, or 171.26 points, to close at 19,564.80, its highest close since Jan. 5, while the Topix index of all first-section issues tacked on 0.75%, or 11.60 points, to end at 1,564.69.

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Zee Entertainment Enterprises fixes record date for dividend on preference shares
Mar 01,2017

Zee Entertainment Enterprises has fixed 31 March 2017 as the Record Date for determining the eligibility of Preference Shareholders who would be entitled to payment of Preference Dividend @6% per annum on Preference Shares of Rs 10 each for the Financial Year 2016-17.

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V-Guard Industries fixes record date for bonus issue
Mar 01,2017

V-Guard Industries has fixed 16 March 2017 as Record Date for the purpose of issue of Bonus shares by the Company subject to the approval of the members in the Extraordinary General Meeting to be held on 6 March 2017.

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Rs. 16,097 Crore Foreign Exchange Earned Through Tourism in January 2017
Mar 01,2017

Foreign Exchange Earnings (FEEs) during the month of January 2017 were Rs.16,097 crore as compared to Rs.13,669 crore in January 2016 and Rs.12,100 crore in January 2015. The growth rate in FEEs in rupee terms during January 2017 over January 2016 was 17.8% as compared to the growth of 13.0% in January 2016 over January 2015.

Based on the credit data of Travel head as available from Balance of Payments of RBI for the previous year, Ministry of Tourism estimates and releases the data of Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms, for the current month applying suitable inflation factor and current month Foreign Tourist Arrivals data.

The highlights of the estimates of FEEs from tourism in India for January 2017 are as below:-

Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)

n++ FEEs during the month of January 2017 were Rs.16,097 crore as compared to Rs.13,669 crore in January 2016 and Rs.12,100 crore in January 2015.

n++ The growth rate in FEEs in rupee terms during January 2017 over January 2016 was 17.8% as compared to the growth of 13.0% in January 2016 over January 2015.

Foreign Exchange Earnings (FEEs) through tourism (in US $ terms)

n++ FEEs in US$ terms during the month of January 2017 were US$ 2.364 billion as compared to FEEs of US$ 2.032 billion during the month of January 2016 and US$ 1.945 billion in January 2015.

n++ The growth rate in FEEs in US$ terms in January 2017 over January 2016 was 16.3% compared to a positive growth of 4.5% in January 2016 over January 2015.

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Rupee sops
Mar 01,2017

Rupee closed lower at 67.0375/0400 per dollar on Wednesday (01 March 2017), versus its previous close of 66.9300/9325 per dollar.

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DMRL AND JSHL Sign Licensing Agreement for Transfer of Technology of High Nitrogen Steel
Mar 01,2017

Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a premier research laboratory of Defence Research and Development Organization (DRDO) and Jindal Stainless (Hisar) (JSHL) signed the Licensing Agreement for Transfer of Technology of High Nitrogen Steel (HNS) for armour applications. Speaking on the occasion the Minister of State for Defence, Dr. Subhash Bhamre congratulated DMRL and DRDO for their outstanding achievement in developing a breakthrough technology for armour applications and complimented JSHL for partnering with DRDO. The Minister noted that HNS technology is a step forward towards Armys quest for lighter and high performance armouring material compared to the currently used materials. He said, it has also the potential for a number of civilian applications and for exports as well. Dr. Bhamre asserted that this is a major step towards achieving the Prime Minister Shri Narendra Modis vision of Make in India and wished the team a great success in future endeavours. The Minister called upon both public as well as private Industries and Ordnance Factories to use this material extensively in their products.

Chairman DRDO and Secretary DD (R&D) Dr. S Christopher complimented the scientists of DMRL for this achievement which comes as a giant leap forward, towards DRDOs quest for stronger and high performance defence material. He further said that the Transfer of Technology from defence R&D to industry is aligned with the Make in India policy to foster conducive environment for industrys potential growth in the strategic sectors.

Dr. Satish Chandra Sati, Director General (Naval Systems & Materials), while addressing the gathering applauded the DMRL scientists for developing many varieties of steel including HNS which would be of great importance to the industry. Dr. S. Guruprasad, CC R&D (PC &SI) in his welcome address stated that the HNS being a dream material for any researcher should find wide applications for the industry. DMRL has developed and established a number of frontline and path breaking technologies in the areas of metallurgy and material science. HNS is not only tough but also has good strength. In addition to being non magnetic as well as corrosion resistant, the HNS cost is about 40 percent less compared to Rolled Homogenous Armour Steel (RHA). Very few countries in the world have developed this technology of HNS. This material has potential for a number of defence and civil applications like armouring, mine trawls, oil industries etc.

JSHL is a stainless steel manufacturer, with state-of-the-art facility at Hisar (Haryana), backed with strong production facilities including the triplex refining route, which is used for production of HNS.

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Yantra Natural Resources to hold board meeting
Mar 01,2017

Yantra Natural Resources will hold a meeting of the Board of Directors of the Company on 9 March 2017, to consider and adopt the Ind-AS as per SEBI circular dt. July 05, 2016, inter alia, the Unaudited Financial Results for the quarter ended 31 December 2016.

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Goa Carbon to hold board meeting
Mar 01,2017

Goa Carbon will hold a meeting of the Board of Directors of the Company on 11 April 2017, to consider and approve Audited Financial Results of the Company consisting of Balance Sheet, Profit & Loss Account and Cash Flow Statements for the 12 months period ending on 31st March, 2017, as also to decide recommendation of final dividend on equity shares for the said period, if any.

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Ambica Agarbathies Aroma& Industries to hold board meeting
Mar 01,2017

Ambica Agarbathies Aroma& Industries will hold a meeting of the Board of Directors of the Company on 5 March 2017, to consider further issue of shares on preferential basis

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