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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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TVS Motor Company announces sales figure
Sep 01,2016

TVS Motor Company clocked a sales growth of 20% during the month ofAugust 2016, with total sales increasing from 227,653 units recorded in the month of August 2015 to 274,303 units in the month of August 2016.

Total two wheeler sales increased by 23.5% from 216,781 units recorded in August 2015 to 267,670 units in August 2016. Domestic two wheeler sales grew by 30.1 % increasing from 183,653 units in August 2015 to 238,984 units in August 2016.

Scooter sales grew by 5.1% from 72,865 units in the month of August 2015 to 76,572 units in August 2016. Motorcycle sales grew by 31.2 % increasing from 87,044 units in the month of August 2015 to 114,195 units in August 2016.

Three wheeler of the company registered sales of 6,633 units in August 2016 as against 10,872 units in August 2015.

The companys total exports registered sales of 34,097 units in the month of August 2016 as against 42,570 units in August 2015. Two wheeler exports registered sales of 28,686 units in August 2016 as against 33,128 units in August 2015.

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Roselabs Finance intimates of communication received from RBI
Sep 01,2016

Roselabs Finance announced that the Company has received a letter from RBI suggesting that the Company may apply to RBI for voluntary exit from NBFC business by submitting/surrendering all relevant documents including Certificate of Registration issued by RBI, on account of non-satisfaction of the following requirements of RBI as on 31 March 2016 as are applicable to NBFC;

1. Minimum Net Owned Fund of Rs. 1 crore

2. Maximum leverage of 7 times

3. Financial assets of more than 50%

The Company is in discussion with RBI in this regard.

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Board of Dena Bank approves proposal to raise Tier II capital
Sep 01,2016

Dena Bank announced that the Board of Directors of the Bank on 31 August 2016 has approved the agenda for raising of Basel III Compliant Tier II Bonds upto an amount of Rs. 1,100 crore in one or more tranche, in one or more instruments.

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Balkrishna Industries fixes record date for interim dividend
Sep 01,2016

Balkrishna Industries has fixed 20 September 2016 as the Record Date for the purpose of Payment of Interim Dividend, if any.

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High Ground Enterprise fixes record date for dividend
Sep 01,2016

High Ground Enterprise has fixed 08 September 2016 as the Record Date for the purpose of Payment of Dividend.

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Mahindra World City Chennai launches new phase of industrial zone
Sep 01,2016

Mahindra Lifespace Developers announced that its JV with Tamil Nadu Development Corporation, Mahindra World City Chennai has launched a new phase in its industrial zone. Comprising of 42 acres of industrial land, the new phase is located in the Domestic Traffic Area (DTA) at MWC Chennai and has already received enquiries from companies interested in setting up operations at the integrated business city.

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CIL & ICFRE Signs MoU for Environment Related Issues in Coal Mining Projects
Sep 01,2016

Coal India (CIL) and Indian Council of Forestry Research and Education (ICFRE) today signed an MoU for effectively monitoring of environment related issues in the coal mining projects. The MoU will also help in improving the rehabilitation and reclamation of the mined out areas. This arrangement would help CIL in proper compliance and monitoring of the conditions that are laid down by the MoEF&CC while according environment and forest clearances.

The MoU covers assessment and monitoring of plantation and eco restoration activities, preparation of wild life management plans, preparation of environmental impact assessment and environmental management plans, capacity building for the executives of CIL on environment and forestry issues etc.

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Rupee gains moderately
Sep 01,2016

Rupee closed with moderate gains on Thursday (01 September 2016) at 66.95/96 per dollar, versus its previous close of 66.97/98 per dollar.

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Kalindee Rail Nirman (Engineers) reports standalone net loss of Rs 5.59 crore in the June 2016 quarter
Sep 01,2016

Net Loss of Kalindee Rail Nirman (Engineers) reported to Rs 5.59 crore in the quarter ended June 2016 as against net loss of Rs 1.55 crore during the previous quarter ended June 2015. Sales declined 8.67% to Rs 67.24 crore in the quarter ended June 2016 as against Rs 73.62 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales67.2473.62 -9 OPM %5.258.52 - PBDT-5.04-0.31 -1526 PBT-5.59-0.80 -599 NP-5.59-1.55 -261

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Navkar Corporation standalone net profit rises 42.33% in the June 2016 quarter
Sep 01,2016

Net profit of Navkar Corporation rose 42.33% to Rs 26.26 crore in the quarter ended June 2016 as against Rs 18.45 crore during the previous quarter ended June 2015. Sales rose 7.44% to Rs 87.38 crore in the quarter ended June 2016 as against Rs 81.33 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales87.3881.33 7 OPM %41.1138.36 - PBDT34.2825.06 37 PBT29.4120.27 45 NP26.2618.45 42

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Gangotri Textiles reports standalone net loss of Rs 0.12 crore in the June 2016 quarter
Sep 01,2016

Net Loss of Gangotri Textiles reported to Rs 0.12 crore in the quarter ended June 2016 as against net loss of Rs 10.67 crore during the previous quarter ended June 2015. Sales declined 97.89% to Rs 0.26 crore in the quarter ended June 2016 as against Rs 12.31 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales0.2612.31 -98 OPM %-34.62-12.75 - PBDT-0.09-7.95 99 PBT-0.09-13.61 99 NP-0.12-10.67 99

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CEAT consolidated net profit declines 14.53% in the June 2016 quarter
Sep 01,2016

Net profit of CEAT declined 14.53% to Rs 104.06 crore in the quarter ended June 2016 as against Rs 121.75 crore during the previous quarter ended June 2015. Sales rose 4.04% to Rs 1460.92 crore in the quarter ended June 2016 as against Rs 1404.15 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales1460.921404.15 4 OPM %12.6915.34 - PBDT165.82197.11 -16 PBT135.60173.62 -22 NP104.06121.75 -15

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Navkar Corporation consolidated net profit rises 40.86% in the June 2016 quarter
Sep 01,2016

Net profit of Navkar Corporation rose 40.86% to Rs 23.51 crore in the quarter ended June 2016 as against Rs 16.69 crore during the previous quarter ended June 2015. Sales rose 8.19% to Rs 87.99 crore in the quarter ended June 2016 as against Rs 81.33 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales87.9981.33 8 OPM %40.3138.33 - PBDT31.4123.29 35 PBT26.2418.50 42 NP23.5116.69 41

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CEAT standalone net profit declines 19.17% in the June 2016 quarter
Sep 01,2016

Net profit of CEAT declined 19.17% to Rs 96.49 crore in the quarter ended June 2016 as against Rs 119.38 crore during the previous quarter ended June 2015. Sales rose 3.54% to Rs 1446.63 crore in the quarter ended June 2016 as against Rs 1397.15 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales1446.631397.15 4 OPM %12.8215.76 - PBDT167.80202.10 -17 PBT137.84178.99 -23 NP96.49119.38 -19

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LIC declares special Diamond Jubilee bonus on all eligible policies
Sep 01,2016

On the occasion of the Diamond Jubilee celebration LIC of India declared a special Diamond Jubilee bonus on all eligible life insurance policies. It also launched the new LIC Diamond Bima policy on the occasion.

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