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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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Seven Hill Industries to hold AGM
Aug 29,2016

Seven Hill Industries announced that the th Annual General Meeting(AGM) of the company on 27 September 2016.

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Syncom Healthcare to hold AGM
Aug 29,2016

Syncom Healthcare announced that the 14th Annual General Meeting(AGM) of the company on 30 September 2016.

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Revathi Equipment to hold AGM
Aug 29,2016

Revathi Equipment announced that the th Annual General Meeting(AGM) of the company on 21 September 2016.

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PMC Fincorp to hold AGM
Aug 29,2016

PMC Fincorp announced that the 31th Annual General Meeting(AGM) of the company on 24 September 2016.

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Systematix Securities to hold AGM
Aug 29,2016

Systematix Securities announced that the th Annual General Meeting(AGM) of the company on 26 September 2016.

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Morepen Laboratories to hold AGM
Aug 29,2016

Morepen Laboratories announced that the th Annual General Meeting(AGM) of the company on 23 September 2016.

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VJTF Eduservices to hold AGM
Aug 29,2016

VJTF Eduservices announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Saianand Commercial to hold AGM
Aug 29,2016

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

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Third Party Verification of ODF Claims by Cities/Towns Begins; 10 Of 11 Claims Certified
Aug 29,2016

Ten towns have been certified as Open Defecation Free with the Ministry of Urban Development beginning the process of third party verification of ODF claims by towns under Swachh Bharat Mission (Urban).

The Ministry has got ODF claims of 11 towns independently verified by the Quality Council of India and certified the claims of ten of them as per the Protocol evolved for such certification. The towns certified to have become ODF are; Kagal, Panchgani, Vengurla, Murgud and Panhala in Maharashtra and Siddipet, Shadnaga, Suryapet, Achampet and Huzurnagar in Telangana. The claim of Bhongir in Telanagana will be reassessed.

A total of 141 towns in 7 States have claimed to have become Open Defecation Free including 100 in Maharashtra and these claims are under verification. The progress of Swachh Bharat Mission in urban areas was presented by the Ministry officials at a review meeting taken by the Minister of Urban Development Shri M.Venkaiah Naidu. Shri Naidu, who has been regularly reviewing progress of the Mission asked the officials to ensure effective follow up action with States for realizing the objectives of the Mission.

13 towns claiming ODF status in Gujarat include; Gandhidham, Navsarai, Rapar and Mandavi. Six other towns making such claim in Telangana are; Gajwel, Ibrahimpatnam, Jagtiyal, Madhira, Sattupalli and Sircilla.

10 towns in West Bengal claiming elimination of Open Defecation include; Krishananagar, Nabadwip, Santipur and Kalyani. Other ODF claims are from Ambikapur, Dhamtari and Ambagarh Chowki in Chattisgarh, Dungarpur in Rajasthan and Mairang and kakching in Manipur.

As per the reports received from States so far in the Ministry, a total of 974 cities and towns will eliminate Open Defecation next year. These include-Andhra Pradesh-all 112 urban areas, Kerala- all 59, Gujarat-170 of 195, Uttar Pradesh-85 of 648, Madhya Pradesh-68 of 364, Karnataka-50 of 220, Chattisgarh-42 of 166, Assam-40 of 88, Telangana-37 of 68, Rajasthan-34 of 185, Tamil Nadu-25 of 721 and Jammu & Kashmir-22 of 86.

As per the Protocol for third party verification and certification of ODF status- each Ward and City first self-declares as ODF and on intimation of the same by the respective Urban Local Body or State, the Ministry gets such claims verified in 30 days based on assessment of service level status (construction and availability of household, community and public toilets) and independent observations by the third party. For each Zone in a city/town, a minimum of five places will be inspected i.e a slum, school, public area like market or religious place, residential area and bus stand/railway station. For a city with a population of less than five lakhs, a minimum of 9 places shall be inspected and 17 places for a city with more than five lakh population.

A Ward or City can be notified/declared as ODF if, at any point of the day, not a single person is found to be defecating in the open.

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Tyre stocks gain on declining rubber prices
Aug 29,2016

Balkrishna Industries (up 6.29%), Apollo Tyres (up 4.21%), JK Tyre & Industries (up 6.19%), MRF (up 3.52%), Goodyear India (up 1.12%) and CEAT (up 3.94%) gained.

Meanwhile, the S&P BSE Sensex was up 117.75 points or 0.42% at 27,900

On Friday, 26 August 2016, the price of the benchmark natural rubber RSS-4 grade reportedly fell to Rs 129 a kg, its lowest level since 1 June 2016. The rubber prices declined about 10% from its recent high of Rs 145 on 2 August 2016. Natural rubber is a key raw material used in tyre manufacturing. Lower rubber prices will boost profitability of tyre makers.

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Rathi Steel & Power announces cessation of director
Aug 29,2016

Rathi Steel & Power announced that the Company, after due considerations, on 24 August 2016 has accepted Pradeep Kumar Rathis request to vacate his office as Director and Managing Director of the Company w.e.f. dated 28 July 2016.

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Aditya Birla Nuvo allots equity shares
Aug 29,2016

Aditya Birla Nuvo has allotted 1,545 equity shares of Rs. 10 each at Rs. 590.15 on 29 August 2016, pursuant to exercise of stock options under Employee Stock Option Scheme - 2013. All the said Equity Shares will rank pari passu with the existing Equity Shares of the Company, in all respects.

The paid up share capital of the Company will accordingly increase from Rs. 1,30,22,41,460 (13,02,24,146 equity shares of Rs. 10/- each) to Rs. 1,30,22,56,910 (13,02,25,691 equity shares of Rs. 10/- each).

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Finolex Industries reverses previous sessions losses
Aug 29,2016

Meanwhile, the BSE Sensex was up 111.99 points, or 0.40%, to 27,894.24.

On BSE, so far 26,000 shares were traded in the counter, compared with average daily volume of 16,545 shares in the past one quarter. The stock hit a high of Rs 488 and a low of Rs 466.15 so far during the day. The stock hit a record high of Rs 497.50 on 26 August 2016. The stock hit a 52-week low of Rs 247.95 on 23 September 2015. The stock had underperformed the market over the past 30 days till 26 August 2016, sliding 2.46% compared with 1.51% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.71% as against Sensexs 4.23% rise.

The mid-cap company has equity capital of Rs 124.10 crore. Face value per share is Rs 10.

The Q1 result was announced during market hours on Friday, 26 August 2016. On that day, the stock fell 3.36% to settle at Rs 458.45 after rising as much as 4.87% in intraday trade.

Finolex Industries net profit rose 36.1% to Rs 98.04 crore on 6% rise in net sales to Rs 665.93 crore in Q1 June 2016 over Q1 June 2015.

Finolex Industries is the largest PVC pipe manufacturer in India.

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Board of Jyoti Resins and Adhesives approves sub-division of shares
Aug 29,2016

Jyoti Resins and Adhesives announced that the Board of Directors of the Company has at its meeting held on 29 August 2016 have considered and recommended following.

- Sub-division in face value of equity share of the Company of Rs. 10/- each into 10 Equity Shares of Rs. 1/- each and consequent amendment in the Capital Clause of the Memorandum of Association of the Company.

However, above recommendation shall be subject to approval of shareholders at the ensuing Annual General Meeting of the Company.

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Board of Indian Oil Corporation recommends 1:1 bonus issue
Aug 29,2016

Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 29 August 2016, inter alia, has recommended issue of Bonus shares in the ratio of 1:1 i.e. 1 (One) equity bonus share of Rs. 10/- each for every 1 (One) existing equity share of Rs. 10/- each fully paid up subject to the approval of the shareholders.

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