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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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Piccadily Agro Industries to hold board meeting
Oct 07,2016

Piccadily Agro Industries will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider the Allotment of 47169640 Equity Shares as Bonus Shares.

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Idea Cellular procures 349.2 Mhz of spectrum
Oct 07,2016

Idea Cellular announced that the Company has procured 349.2 MHz of spectrum at an aggregate bid value of Rs. 12,798 crore. Idea hasacquired additional 2x74.6 MHz spectrum in FDD technology on 1800 and 2100 bands, and 200 MHz of capacity spectrum in TDD technology on 2300 and 2500 bands. This enables Idea to complete its mobile broadband footprint across all 22 licensed service areas in India and also equips the company with substantial capacity spectrum required for meeting data capacity needs for its ever growing 180 million customer base.

Idea is now well equipped to offer 4G services on its own spectrum across 20 service areas including 9 new service areas of Uttar Pradesh (West), Uttar Pradesh (East), Gujarat, Bihar & Jharkhand, Rajasthan, Mumbai,West Bengal, Assam and Jammu & Kashmir. Additionally, Idea has also procured 3G spectrum in Bihar & Rajasthan extending its capability to offer 3G services to 15 service areas.

Idea in this auction has expanded its spectrum portfolio by over 64%. The company has acquired an additional 35 4G LTE and 2 3G wireless broadband carriers for new coverage and capacity enhancement, primarily in its leadership markets. Idea now owns 64 broadband carriers and intends to use 47 of these carriers on 4G LTE technology covering 94% of its revenue base, and 17 carriers for 3G services. Idea broadband coverage will soon be available in all 22 service areas across the country.

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Regent Enterprises to hold board meeting
Oct 07,2016

Regent Enterprises will hold a meeting of the Board of Directors of the Company on 6 October 2016.

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Zodiac-JRD-MKJ to hold board meeting
Oct 07,2016

Zodiac-JRD-MKJ will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider the Unaudited Financial Results for the half year ended September 30, 2016 .

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Richirich Inventures to hold board meeting
Oct 07,2016

Richirich Inventures will hold a meeting of the Board of Directors of the Company on 29 October 2016 Quarterly Results

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KS Oils to hold board meeting
Oct 07,2016

KS Oils will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider, approve and take on record the Annual Audited Financial results for the Year ended March 31, 2016.

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Sundaram Clayton to hold board meeting
Oct 07,2016

Sundaram Clayton will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider and approve the unaudited (limited reviewed) financial results for the quarter ended September 30, 2016.

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Carborundum Universal to hold board meeting
Oct 07,2016

Carborundum Universal will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and approve the unaudited financial results of the Company for the half-year/quarter ended September 30, 2016.

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Kore Foods to hold board meeting
Oct 07,2016

Kore Foods will hold a meeting of the Board of Directors of the Company on 6 October 2016.

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Wendt India to hold board meeting
Oct 07,2016

Wendt India will hold a meeting of the Board of Directors of the Company on 24 October 2016 to consider and approve the Un-audited Financial Results of the Company for the 2nd quarter and half year ended September 30, 2016.

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Panasonic Carbon India Company to hold board meeting
Oct 07,2016

Panasonic Carbon India Company will hold a meeting of the Board of Directors of the Company on 18 October 2016 to consideration and approval of unaudited financial results of the Company for the quarter ended September 30, 2016.

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Stringent law on misleading celeb endorsements: Ram Vilas Paswan
Oct 07,2016

For stricter law on celebrities endorsing misleading advertisements, a proposal to ban is being considered by consumer affairs Ministry, said Ram Vilas Paswan minister for Consumer Affairs at an ASSOCHAM event.

The government will soon bring in stringent laws to curb misleading advertisements and adulteration to guard the consumers interest. New Consumer Protection bill will be passed in coming session of the parliament which will strengthen the Bureau of Indian Standards (BIS) and to check spurious products said Paswan at an ASSOCHAM National Summit & Awards on FMCG.

Paswan also expressed worry over cheap Chinese goods flooding the market and said measures would be taken to check their rampant flow in the country.

He further mentioned that BIS has taken various initiatives under Make in India for standard formulation which includes items which is substandard would be banned.

Chairing the ASSOCHAM meeting, the minister said BIS new Act is being amended comprehensively for the first ever after it being enacted in the year 1986. These amendments will empower the government to bring more products under mandatory certification and these products should have the ISI mark on it.

While addressing the meeting, Paswan said, n++Abroad, I have noticed even Indians do not wish to buy Made in India products. There is an opinion set in the minds that developing countries do not manufacture good quality products. To change this attitude, our industry should comply with quality standards, said Paswan.

Paswan further said that due to poor standards followed while making products; India is lagging behind in the international market despite availability of talented people and cheap labour.

He said, the new consumer protection bill will be passed in coming session of the parliament. He further said that the standing committee has already examined the provisions relating to punishment for endorsing misleading advertisements and those involved in adulteration.

n++Abroad and in the western world, people cannot imagine that there can be food adulteration. Here in India, we cannot imagine food without adulteration, Paswan said.

Industry should come forward and actively promote consumer awareness about food safety, Paswan said.

On the issue of safe drinking water, He said, nobody can drink tap water in Delhi. Delhis water is not safe for drinking, though there are quality standards in place.

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G M Breweries slumps after announcing Q2 results
Oct 07,2016

The result was announced after market hours yesterday, 6 October 2016.

Meanwhile, the S&P BSE Sensex was down 31.01 points or 0.11% at 28,075.20.

On BSE, so far 24,000 shares were traded in the counter as against average daily volume of 24,618 shares in the past one quarter. The stock hit a high of Rs 609 and a low of Rs 585 so far during the day. The stock had hit a 52-week low of Rs 359.28 on 16 October 2015. The stock had hit a record high of Rs 928.20 on 8 January 2016. The stock had outperformed the market over the past one month till 6 October 2016, advancing 13.12% compared with 3.01% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 2.79% as against Sensexs 3.46% rise.

The small-cap company has equity capital of Rs 14.62 crore. Face value per share is Rs 10.

G M Breweries bottom line growth in Q2 September 2016 was boosted by surge in non-operational income. Other income spurted 4100% to Rs 1.26 crore in Q2 September 2016 over Q2 September 2015.

G M Breweries is engaged in manufacturing and marketing of country liquor.

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Tata Motors gains after good JLR sales in September
Oct 07,2016

The announcement was made during trading hours today, 7 October 2016.

Meanwhile, the BSE Sensex was down 33.09 points, or 0.12%, to 28,073.12.

On BSE, so far 59,000 shares were traded in the counter, compared with average daily volume of 8.57 lakh shares in the past one quarter. The stock hit a high of Rs 558.35 and a low of Rs 552.85 so far during the day. The stock hit a 52-week high of Rs 598.60 on 7 September 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past 30 days till 6 October 2016, falling 6.20% compared with 2.84% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.50% as against Sensexs 3.61% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors said Septembers performance has been driven by strong sales of the Land Rover Discovery, Discovery Sport, the Range Rover Evoque and the Jaguar F-PACE, as well as solid sales in China. Jaguar Land Rover (JLR) delivered solid retail sales growth across all key regions year on year, with China up 50%, Europe up 32%, UK up 30%, North America up 23% and other overseas markets up 3%.

Jaguar retail sales rose 70% to 17,640 units in September 2016 over September 2015. Land Rover retail sales rose 17% to 43,407 units in September 2016 over September 2015.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Jaiprakash Power jumps after boards nod for sale of cement grinding unit
Oct 07,2016

The announcement was made after market hours yesterday, 6 October 2016.

Shares of Orient Cement were up 1.4% at Rs 224.95.

Meanwhile, the S&P BSE Sensex was down 45.99 points or 0.16% at 28,060.22.

On BSE, so far 4.35 lakh shares of Jaiprakash Power Ventures exchanged hands compared with average daily volume of 5.54 lakh shares in the past one quarter. The stock hit a high of Rs 4.90 and a low of Rs 4.70 so far during the day. The stock had hit a 52-week high of Rs 7.89 on 2 November 2015. The stock had hit a record low of Rs 3.65 on 2 June 2016. The stock had underperformed the market over the past one month till 6 October 2016, sliding 6.94% compared with 3.01% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 19.15% as against Sensexs 3.46% rise.

The small-cap company has equity capital of Rs 2938 crore. Face value per share is Rs 10.

The 2 million tonne per annum (MTPA) unit clocked turnover of Rs 90.70 crore in financial year ended 31 March 2016 and contributed 2.33% to turnover of Jaiprakash Power Ventures. The definitive agreement is yet to be executed. The expected date of completion of sale is around 6 months.

Jaiprakash Power Ventures reported net loss of Rs 196.16 crore in Q1 June 2016 compared with net profit of Rs 66.96 crore in Q1 June 2015. Net sales declined 37.8% to Rs 750.41 crore in Q1 June 2016 over Q1 June 2015.

Jaiprakash Power Ventures is a power company and a part of Infrastructure conglomerate - Jaypee Group. The company plans, develops, implements and operates power projects in India.

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