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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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Tata Power Company announces consumers base figures for FY 2016
Aug 25,2016

Tata Power Company has crossed the 2 million consumer base milestone across the country. In FY 2016, Tata Powers total consumer base in Mumbai increased to 6.64 lakh and its customer base in Delhi increased to over 15.15 lakh consumers respectively.

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Kothari Products to hold board meeting
Aug 25,2016

Kothari Products will hold a meeting of the Board of Directors of the Company on 14 September 2016 to consider, approve and take on record the Un-audited Financial Results for the Quarter ended on 30 June, 2016.

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Sri KPR Industries to hold board meeting
Aug 25,2016

Sri KPR Industries will hold a meeting of the Board of Directors of the Company on 2 September 2016 AGM

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PNC Infratech to hold AGM
Aug 25,2016

PNC Infratech announced that the 17th Annual General Meeting(AGM) of the company on 30 September 2016.

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Kaveri Seed Company to hold AGM
Aug 25,2016

Kaveri Seed Company announced that the 29th Annual General Meeting(AGM) of the company on 27 September 2016.

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Majestic Research Serv. & Solutions to hold board meeting
Aug 25,2016

Majestic Research Serv. & Solutions will hold a meeting of the Board of Directors of the Company on 3 September 2016 AGM

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Prabhat Telecoms (India) to hold board meeting
Aug 25,2016

Prabhat Telecoms (India) will hold a meeting of the Board of Directors of the Company on 31 August 2016 to Consider and Approve the Financial Results on the Audited Standalone and Consolidated results for the Financial Year ending on March 31, 2016.

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SJVN to hold AGM
Aug 25,2016

SJVN announced that the 28th Annual General Meeting(AGM) of the company on 22 September 2016.

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Cabinet approves construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam
Aug 25,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam at an estimated cost of Rs.2,232.32 crore and expected completion cost of Rs.2,586.85 crore.

The 176 km long railway line is expected to be completed in five years during 12th and 13th Plan period.

Besides facilitating the travel, upcoming industries in the region will have additional transport capacity to meet their requirements.

Background:

The single main line section from New Bongaigaon to Kamakhya via Goalpara is an alternative route to New Bongaigaon-Kamakhya via Rangiya linking Guwahati. The line capacity utilization of the BG single line section has already over-saturated. Most of Gauge conversion projects in NE Region have been commissioned and work on Bogibeel Bridge is being expedited. With the commissioning of Bogibeel Bridge, traffic in the project section will increase manifold. Thus, doubling of New Bongaigaon-Kamakhya via Goalpara would augment its line capacity for smooth running of trains through the section.

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Strides Shasun receives final approval for Polyethylene Glycol 3350, Powder for Solution (OTC)
Aug 25,2016

Strides Shasun announced that it has received approval from United States Food & Adminstration for Polyethylene Glycol 3350, Powder for Solution 17 grams/ capful and 17 grams/ packet (OTC). The product will be launched in Q4 FY 2017.

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Punjab & Sind Bank intimates of bank strike
Aug 25,2016

Punjab & Sind Bank has been informed by Indian Banks Association (IBA) that All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI) and All India Bank Officers Confederation (AIBOC) have given a call for strike in the Banking Industry on 02 September 2016.

If the strike materialises, a certain section of the Banks employees may participate in the proposed strike on the said date, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected.

The Bank is taking all necessary steps in terms of the existing guidelines for smooth functioning of Banks branches / offices to deal with the strike.

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NRB Bearings announces resignation of director
Aug 25,2016

NRB Bearings has received letter dated 25 August 2016 from Uday Khanna, a Non-Executive Independent Director and Chairman of Audit Committee submitting his resignation from the Board of Directors with immediate effect, due to his other preoccupations and being unable to spend the time and effort required.

The Company has noted his resignation.

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Jubilant Life Sciences scales record high
Aug 25,2016

The announcement was made before market hours today, 25 August 2016.

Meanwhile, the BSE Sensex was up 65.16 points, or 0.23%, to 28,123.95.

On BSE, so far 2.38 lakh shares were traded in the counter, compared with average daily volume of 1.63 lakh shares in the past one quarter. The stock hit a high of Rs 533.70, so far during the day, which is a record high for the stock. The stock hit a low of Rs 510.10 so far during the day. The stock hit a 52-week low of Rs 261 on 8 September 2015. The stock had outperformed the market over the past one month till 24 August 2016, surging 56.09% compared with 0.92% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 42.77% as against Sensexs 10.88% rise.

The mid-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

Jubilant Life Sciences announced that it has received final approval for abbreviated new drug application (ANDA) for Felodipine Extended-Release Tablets USP, 2.5 mg, 5 mg, and 10 mg from United States Food & Drug Administration (USFDA). Felodipine Extended-Release Tablets are the generic version of Plendil Tablets of AstraZeneca, which is used for the treatment of hypertension.

As on 30 June 2016, Jubilant Life Sciences had a total of 770 filings for oral solids of which 578 have been approved in various regions globally. This includes 70 ANDAs filed in the US, of which 44 have been approved and 104 filings in Europe.

Jubilant Life Sciences consolidated net profit rose 22.5% to Rs 161.60 crore on 1.7% decline in net sales to Rs 1400.97 crore in Q1 June 2016 over Q1 June 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacture and supply of active pharmaceutical ingredients (APIs), solid dosage formulations, radiopharmaceuticals, allergy therapy products and life science ingredients. It also provides services in contract manufacturing of sterile injectables and drug discovery solutions. The companys strength lies in its unique offerings of pharmaceuticals and life sciences products and services across the value chain.

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Cabinet approves Agreement and the Protocol between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion
Aug 25,2016

India, took another major step in the fight against tax evasion, round tripping and base erosion/profit shifting. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of an Agreement and the Protocol between the India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.

This step follows the recent amendment of the Double Taxation Avoidance Agreement with Mauritius. As in the case of Mauritius, the treaty with Cyprus had provided for residence-based taxation of capital gains. With the revision of the treaty now approved by the Cabinet, capital gains will be taxed in India for entities resident in Cyprus, subject to double tax relief. In other words, India will have the right to tax capital gains arising in India. The provisions in the earlier treaty for residence-based taxation were leading to distortion of financial and real investment flows by artificial diversion of various investments from their true countries of origin, for the sake of avoiding tax. As in the case of Mauritius, this amendment will deter such activities. Negotiations with Singapore are also underway for similar changes.

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Aayush Food & Herbs to hold AGM
Aug 25,2016

Aayush Food & Herbs announced that the 32th Annual General Meeting(AGM) of the company on 30 September 2016.

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