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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 Steel in focus after announcing Q4 results
May 17,2017

Tata Steel reported consolidated net loss of Rs 1168.02 crore in Q4 March 2017, compared with net loss of Rs 3041.88 crore in Q4 March 2016. Net sales rose 29.6% to Rs 33424.09 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 16 May 2017.

Wipro announced that it has developed nine blockchain-based solutions for the banking financial services and insurance (BFSI), manufacturing, retail and consumer goods industries. The announcement was made before market hours today, 17 May 2017.

Kotak Mahindra Bank (KMBL) said that the securities issuance committee of the board at its meeting held on 16 May 2017, passed resolution approving the closure of the qualified institutions placement (QIP) of 6.20 crore equity shares on 16 May 2017. The committee approved the issue price of Rs 936 per share against the floor price of Rs 913.24 per share. The issue had opened on 11 May 2017. The announcement was made after market hours yesterday, 16 May 2017.

Lupin launched Cialis (tadalafil), an oral PDE5 inhibitor, for the treatment of erectile dysfunction (ED) in adult males. Cialis was shown to improve erectile function compared to placebo upto 36 hours following dosing. The product is currently marketed in over 100 countries. The announcement was made after market hours yesterday, 16 May 2017.

Lupin has acquired the rights to market, promote and distribute Lillys erectile dysfunction (ED) product, Cialis through its specialty field force while Lilly will be responsible for manufacturing and importing the product. The PDE5 market in India is valued at around Rs 390 crore of which Tadalafil contributes around 23%.

Shree Cements net profit fell 54.07% to Rs 304.51 crore on 4.04% rise in total income to Rs 2834.44 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Shree Cement recommended final dividend of Rs 24 per equity share for the year ended 31 March 2017.

Orient Paper & Industries net profit rose 3.52% to Rs 48.38 crore on 7.98% rise in net total income from operations to Rs 687.70 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Whirlpool of Indias net profit rose 7.36% to Rs 74.38 crore on 19.06% rise in total income to Rs 1131.10 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

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Golden Tobacco intimates of levy of penalty of Rs 29 crore
May 16,2017

Golden Tobacco announced that the Directorate General of Central Excise Intelligence (Adjudication) New Delhi, in the matter of KCL, Kanpur imposed a penalty of Rs 29 crores to the Company. As per legal opinion penalty is wrongly imposed to the Company. However, the Company is in the process of taking legal action in this regard.

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Ashapura Intimates Fashion opens exclusive brand outlet
May 16,2017

Ashapura Intimates Fashion has opened an Exclusive Brand Outlet at Unit No. S-79-80-SH, Second Floor, Seawoods Grand Central Mall, Plot No. R1, Sector-40, Seawoods Railway Station, Navi Mumbai - 400 706, Maharashtra.

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Oracle Financial Services Software allots 11,960 equity shares
May 16,2017

Oracle Financial Services Software announced that the Board of Directors of the Company at its meeting held today allotted 11,960 equity shares of face value of Rs.5/- each to the eligible Employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2010, Employee Stock Option Scheme 2011 and OFSS Stock Plan 2014. These shares rank pari passu with the existing equity shares of the Company in all respects. In this allotment, no shares are allotted to Directors of the Company. With this allotment, the paid up capital of the Company has increased to Rs. 426,394,815.00 divided into 85,278,963 equity shares of face value of Rs.5/- each.

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Interworld Digital announces resignation of CEO
May 16,2017

Interworld Digital announced that Rachit Garg Chief Executive Officer of the Company has tendered his resignation vide letter dated 15 May 2017 to the Company which is being accepted subject to the approval by the Board of Directors in their meeting to be held on 29 May 2017.

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Ganesha Ecosphere to market Recycled Polyester Staple Fibre and Spun Yarn
May 16,2017

Ganesha Ecosphere announced that the Company has decided to market its products i.e., Recycled Polyester Staple Fibre and Spun Yarn, under the brand name of Rivivere. Rivivere stands for live again or bringing to life again. This is expected to add value to Companys products.

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Bharat Textiles & Proofing Industries announces resignation of director
May 16,2017

Bharat Textiles & Proofing Industries announced the resignation of Rajesh Gurdas Wadhwa, Independent Director from the Board with effect from 16 May 2017.

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Coromandel International allots 31,000 equity shares
May 16,2017

Coromandel International has allotted 31,000 equity shares of Re 1 each under ESOP.

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Honeywell Automation India appoints company secretary
May 16,2017

Honeywell Automation India has appointed Farah Irani as the Company Secretary [Key Managerial Personnel] of the company w.e.f. 16 May 2017.

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Future Enterprises allots NCDs aggregating Rs 25 crore
May 16,2017

Future Enterprises has allotted 20 - Secured Redeemable Non-Convertible Debentures Series XVII - D Having The Face Value Of Rs. 10,00,000/- Each and 230 - Secured Redeemable Non-Convertible Debentures Series XVII - E Having The Face Value Of Rs. 10,00,000/- Each, Aggregating To Rs. 25,00,00,000/- (Rupees Twenty Five Crore Only) on private placement basis.

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VIP Clothing gets revision in ratings for bank facilities
May 16,2017

VIP Clothing announced that CRISIL has affirmed the ratings on bank facilities however, the outlook of the rating has changed from negative to rating watch with positive implications as under-

Total bank facilities rated - Rs 123.4 crore

Long term rating - CRISIL BBB-
Short term rating - CRISIL A3

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Bharat Heavy Electricals gets ratings assigned for bank facilities
May 16,2017

Bharat Heavy Electricals announced that CARE Ratings has assigned the following ratings for the bank facilities of BHEL:

Long Term Fund Based Bank Facilities: CARE AA+; Stable [Double A Plus; Outlook: Stable]

Long & Short Term Non-Fund Based Bank Facilities: CARE AA+; Stable/ CARE A1+ [Double A Plus; Outlook: Stable / A One Plus]

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Hatsun Agro Product gets reaffirmation of credit ratings for bank facilities
May 16,2017

Hatsun Agro Product announced that CRISIL has reaffirmed its ratings for bank facilities as follows -

Long term rating as CRISIL A/ Stable
Short term rating as CRISIL A1

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Board of Manali Petrochemicals approves change in directorate
May 16,2017

Manali Petrochemicals announced that the Board of Directors of the Company at the meeting held on 16 May 2017 has appointed C Subash Chandra Bose (DIN: 06586982) as an Additional Director and Wholetime Director (Works) with effect from 28 May 2017, in the place of G Balasubramanian (DIN: 06874838), who will retire effective close of work on 27 May 2017.

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Kabra Extrusion Technik appoints directors
May 16,2017

Kabra Extrusion Technik announced the appointment of Ekta A. Kabra and Boman Moradian as directors of the Company on 16 May 2017.

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