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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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Quess Corp. to hold board meeting
Oct 13,2016

Quess Corp. will hold a meeting of the Board of Directors of the Company on 19 October 2016 to consider, approve and take on record the unaudited (Standalone and Consolidated) Financial Results of the Company for the second quarter and half year ended September 30, 2016.

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Ambuja Cements to hold board meeting
Oct 13,2016

Ambuja Cements will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider the Unaudited Financial Results for the Third Quarter ended September 30, 2016 of the Corporate Financial Year 2016 (Q3).

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Dalmia Bharat Sugar & Industries to hold board meeting
Oct 13,2016

Dalmia Bharat Sugar & Industries will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter ended on September 30, 2016.

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Tata Investment Corporation to hold board meeting
Oct 13,2016

Tata Investment Corporation will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and take on record the Unaudited Standalone Financial Results of the Company for the quarter / half year ended September 30, 2016.

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Sanghi Corporate Services to hold board meeting
Oct 13,2016

Sanghi Corporate Services will hold a meeting of the Board of Directors of the Company on 22 October 2016 to approve the unaudited results for the quarter ended September 30, 2016.

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Pratik Panels to hold board meeting
Oct 13,2016

Pratik Panels will hold a meeting of the Board of Directors of the Company on 22 October 2016 to consider and approve the Unaudited Financial Results for the Quarter ended September 30, 2016.

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Yash Papers to hold board meeting
Oct 13,2016

Yash Papers will hold a meeting of the Board of Directors of the Company on 22 October 2016 to consider and take on record the Unaudited Financial Results of the Company for the 2nd quarter and 6 months ended September 30, 2016.

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Mahindra & Mahindra to hold board meeting
Oct 13,2016

Mahindra & Mahindra will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Companys Unaudited Financial Results for the second quarter and half year ended September 30, 2016 (Q2).

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Gujarat Cotex to hold board meeting
Oct 13,2016

Gujarat Cotex will hold a meeting of the Board of Directors of the Company on 10 November 2016 un-audited financial results in respect of second quarter ended on September 30, 2016.

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Steelcast to hold board meeting
Oct 13,2016

Steelcast will hold a meeting of the Board of Directors of the Company on 25 October 2016 Unaudited Financial Results for the quarter ended September 30, 2016.

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Kingfa Science & Technology (India) to hold board meeting
Oct 13,2016

Kingfa Science & Technology (India) will hold a meeting of the Board of Directors of the Company on 24 October 2016 to consider and approve the Financial Results of the Company for the quarter ended September 30, 2016.

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Max Financial Services allots equity shares
Oct 13,2016

Max Financial Services announced that the Nomination and Remuneration Committee of Directors of the Company approved allotment of 2,35,718 equity shares of Rs. 2/- each for cash at par to Rahul Khosla, Executive President of the Company on 12 October 2016, arising from the exercise of Stock Options.

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Need factor market reforms in at least 12 champion states: Amitabh Kant
Oct 13,2016

Speaking at a discussion on Fuelling Indias Growth Engine: Manufacturing, Amitabh Kant, CEO of NITI Aayog, said that Indias manufacturing must penetrate global markets, given that Indias market share in global exports is still low.

Kant added that factor market productivity is key for the competitiveness of Indian products and hoped that states would bring in reforms in land and labour markets. He said that India needs at least 12 champion states to usher in these reforms. He stressed that Indian companies need to push the limits on innovation in sectors such as defence, electronics and hardware.

Baba Kalyani, Chairman and Managing Director, Bharat Forge, stated said that India is competitive in manufacturing with most skill sets widely available and raw material costs no different from the rest of the world. India needs better infrastructure rather than incentives, he felt. While the global environment has been a hurdle for exporters, Indian companies must meet the requirements of domestic markets so that imports can be reduced.

Kalyani felt that the Make in India brand has successfully established itself globally and it is only a matter of time before companies are able to convert it to an opportunity. In the defence sector, he said that Make in India would soon become a reality.

Johan C. Aurik, Global Managing Partner and Chairman of the Board, A.T. Kearney, USA, expressed optimism about Indias current economic conditions. He advised that rather than imitate China, India should produce for the domestic markets. Technology advances such as robotics and artificial intelligence are having a huge impact on manufacturing, he added.

According to Sanjeev Sharma, Managing Director, ABB India, a robust eco-system exists in India and technology absorption is taking place at a rapid rate. With high-end software development and cutting-edge R&D, he expressed confidence about the cost of doing business.

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IL&FS Engineering gains after bagging pipeline laying contract
Oct 13,2016

The announcement was made on Wednesday, 12 October 2016. The stock market was shut on that day.

Meanwhile, the S&P BSE Sensex was down 243.96 points or 0.89% at 27,832.42.

On BSE, so far 59,772 shares were traded in the counter as against average daily volume of 52,476 shares in the past one quarter. The stock hit a high of Rs 58 and a low of Rs 55.60 so far during the day. The stock had hit a 52-week high of Rs 80.75 on 14 October 2015. The stock had hit a 52-week low of Rs 39.15 on 23 May 2016. The stock had underperformed the market over the past one month till 10 October 2016, falling 15.19% compared with Sensexs 2.48% fall. The scrip had, however, outperformed the market in past one quarter, gaining 7.4% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 121.16 crore. Face value per share is Rs 10.

IL&FS Engineering and Construction Company announced that it received the fax of acceptance (FOA) from Gas Authority of India (GAIL) for laying and construction of pipeline along with associated facilities for Phulpur-Haldia pipeline project (phase 1 B) in Bihar. The total length of the 30 inch pipeline is 185.38 kilometers. The total value of the contract is Rs 162.58 crore and is to be mechanically completed in 15 months from the date of FOA and with additional 3 months for drying, commissioning and GAS-IN.

IL&FS Engineering and Construction Company reported a net loss of Rs 67.36 crore in Q1 June 2016, higher than net loss of Rs 60.95 crore in Q1 June 2015. Net sales declined 15.23% to Rs 406.92 crore in Q1 June 2016 over Q1 June 2015.

IL&FS Engineering and Construction Company is into infrastructure development, construction and project management.

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Blue Dart declines after poor Q2 results
Oct 13,2016

The result was announced on Wednesday, 12 October 2016. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was down 276.26 points or 0.98% at 27,806.08.

On BSE, so far 1,025 shares were traded in the counter as against average daily volume of 1,548 shares in the past one quarter. The stock hit a high of Rs 5,505 and a low of Rs 5,360 so far during the day. The stock had hit a 52-week low of Rs 4,911.10 on 29 August 2016. The stock had hit a 52-week high of Rs 7,900 on 23 October 2015. The stock had outperformed the market over the past one month till 10 October 2016, sliding 1.79% compared with 2.48% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 6.82% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 23.73 crore. Face value per share is Rs 10.

Blue Dart Express Managing Director Anil Khanna said that despite a restrained macro-economic environment, the company will sustain its efforts to bring immense value to internal and external stakeholders by incorporating high benchmarks and quality standards in every aspect of business.

Blue Dart Express accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

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