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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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State Bank of Travancore intimates of bank strike
Aug 30,2016

State Bank of Travancore that the AIBEA, AIBOA, BEFI, and AIBOC in which the staff of the Bank are members, have called for an All India Bank Strike on 02 September 2016. In the event of the strike taking place, the normal Banking operations in the Bank may get affected on 02 September 2016.

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Prime Focus advances as subsidiary secures investment from PE fund
Aug 30,2016

The announcement was made during market hours today, 30 August 2016.

Meanwhile, the S&P BSE Sensex was up 367.14 points, or 1.32%, to 28,269.80

On BSE, so far 14,200 shares were traded in the counter, compared with average daily volume of 65,205 shares in the past one quarter. The stock hit a high of Rs 65.85 and a low of Rs 63.85 so far during the day. The stock hit a 52-week high of Rs 73.45 on 1 August 2016. The stock hit a 52-week low of Rs 40.20 on 12 February 2016. The stock had underperformed the market over the past 30 days till 29 August 2016, falling 7.7% compared with 0.53% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 20.93% as against Sensexs 4.63% rise.

The small-cap company has equity capital of Rs 29.89 crore. Face value per share is Re 1.

Prime Focus said that the companys technology subsidiary Prime Focus Technologies (PFT) has secured the first round of funding from Ambit Pragma, a growth capital private equity (PE) fund. Ambit Pragma generally invests as the first institutional investor in companies and supports management teams in accelerating growth, leveraging its teams deep operating experience.

PFT proposes to use the investment for intensifying development efforts of the SaaS products including CLEAR Media ERP and gaining deeper penetration and growth in strategic markets such as North America and Europe, the Middle East and Africa (EMEA) with increased sales and marketing efforts. PFTs flagship product CLEAR Media ERP is targeted at M&E companies who increasingly adopt technology to tap the digital consumer landscape while enhancing efficiencies and lowering Total Cost of Ownership (TCO).

Ramki Sankaranarayanan, Founder and CEO, PFT said that the investment by Ambit Pragma offers the company growth capital to execute on strategy for global leadership in the Media ERP space.

Prime Focus reported consolidated net profit of Rs 106.15 crore in Q1 June 2016 as compared with net loss of Rs 213.76 crore in Q1 June 2015. Net sales rose 8.39% to Rs 525.71 crore in Q1 June 2016 over Q1 June 2015.

Prime Focus provides end-to-end creative services (visual effects, stereo 3D conversion and animation), technology products & services (Media ERP Suite and Cloud-enabled media services), production services (shooting floors, sound stages and equipment rental) and post production services (Digital Intermediate, digital lab and picture post) to studios, broadcast and advertising industries.

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Nitin Fire Protection jumps on fund raising plan
Aug 30,2016

The announcement was made during trading hours today, 30 August 2016.

Meanwhile, the BSE Sensex was up 410.06 points, or 1.47%, to 28,312.72.

On BSE, so far 1.91 lakh shares were traded in the counter, compared with average daily volume of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 26.15 and a low of Rs 24.50 so far during the day. The stock hit a 52-week high of Rs 51.10 on 7 December 2015. The stock hit a 52-week low of Rs 22.85 on 16 August 2016. The stock had underperformed the market over the past 30 days till 29 August 2016, sliding 15.58% compared with 0.53% slide in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 19.71% as against Sensexs 4.63% rise.

The small-cap company has equity capital of Rs 58.45 crore. Face value per share is Rs 2.

The company will seek shareholders approval for the proposed qualified institutional placement (QIP) of shares in the ensuing annual general meeting (AGM).

Nitin Fire Protection Industries will announce unaudited consolidated Q1 June 2016 results on 6 September 2016. On a standalone basis, the company reported net loss of Rs 5.25 crore in Q1 June 2016 compared with net profit of Rs 3.39 crore in Q1 June 2015. Net sales declined 40.9% to Rs 79.32 crore in Q1 June 2016 over Q1 June 2015.

Nitin Fire Protection Industries provides fire detection and fire suppression systems, and manufactures fire extinguishers.

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Zee Media Corporation announces resignation of ED & CEO
Aug 30,2016

Zee Media Corporation announced that Rajendra Kumar Arora has resigned as an Executive Director & CEO of the Company with effect from the close of business on 30 August 2016.

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C-DOT should work hard to end Digital Divide in India-Manoj Sinha
Aug 30,2016

Minister of Communications Shri Manoj Sinha has urged C-DOT to find new invention, new research and new technology and to give World Class products for achieving Prime Ministers vision of Transforming India through Digital Revolution. Delivering the key-note address here at the C-DOT Foundation Day, Shri Sinha said, there is need for innovation as India cannot afford to emulate the Developed Economies due to limited resources. He said, if India will lag in catching up with emerging technologies in the coming 15 to 20 years, the very existence of the country will be at stake. He exhorted the officials and other stakeholders to n++Walk the Talkn++ and underlined that it is our bounden duty to digitally empower the huge chunk of population particularly in rural areas who are still deprived of IT revolution. He added that Digital divide should end as fast as possible.

Shri Sinha congratulated C-DOT for GPON technology and expressed the hope that by March, 2017, one lakh Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) to set up a network infrastructure to serve the rural masses. He said, all are working with zeal to achieve the target of connecting 2.5 lakh Gram Panchayats with Broadband Network within stipulated timeframe, which is the vision of the Prime Minister Shri Narendra Modi. Shri Sinha praised C-DOT for launching 18 products and 56 technology transfers, which he said should be taken to Century and also lauded the role of C-DOT for its stellar role in providing security solutions including cyber related.

Speaking on the occasion, Secretary, Telecom Shri J.S.Deepak said as India is on the verge of Data Revolution, the future of C-DOT is very bright as it is involved in making multi-terabit router, providing smart city solutions and security solutions to the Defence and Civil sectors. He urged C-DOT to partner with PSUs and dream big to make India truly a Digital India.

The Minister also launched three new Products developed by C-DOT on the occasion- WDM PON (WDAN) and Samvad App.

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Cambridge Technology Enterprises to hold AGM
Aug 30,2016

Cambridge Technology Enterprises announced that the 17th Annual General Meeting(AGM) of the company on 30 September 2016.

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Future Retail to hold AGM
Aug 30,2016

Future Retail announced that the 9th Annual General Meeting(AGM) of the company on 29 August 2016.

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Vaswani Industries to hold AGM
Aug 30,2016

Vaswani Industries announced that the 13th Annual General Meeting(AGM) of the company on 26 September 2016.

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Farmax India to hold AGM
Aug 30,2016

Farmax India announced that the 21th Annual General Meeting(AGM) of the company on 30 September 2016.

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Parichay Investments to hold AGM
Aug 30,2016

Parichay Investments announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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Mega Corporation to hold board meeting
Aug 30,2016

Mega Corporation will hold a meeting of the Board of Directors of the Company on 29 August 2016.

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Advani Hotels & Resorts (India) to hold AGM
Aug 30,2016

Advani Hotels & Resorts (India) announced that the 29th Annual General Meeting(AGM) of the company on 26 September 2016.

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Suryachakra Power Corp. to hold AGM
Aug 30,2016

Suryachakra Power Corp. announced that the 21th Annual General Meeting(AGM) of the company on 30 September 2016.

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Alchemist Corporation to hold AGM
Aug 30,2016

Alchemist Corporation announced that the 23th Annual General Meeting(AGM) of the company on 30 September 2016.

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Rahul Merchandising to hold board meeting
Aug 30,2016

Rahul Merchandising will hold a meeting of the Board of Directors of the Company on 1 September 2016 to consider and approve the Notice of Annual General Meeting of the company and fix its day, date, time and venue.

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