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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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Umang Dairies announces change in CFO
Mar 27,2017

Umang Dairies announced that Gaurav Jain, consequent upon his resignation has been relieved from the post of Chief Financial Officer (KMP) of the Company on the close of working hours on 27 March 2017 and; Diwan Singh, General Manager (Finance and Accounts) is the Chief Financial Officer (KMP) of the Company w.e.f. 28 March 2017.

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Great Eastern Shipping Company acquires Secondhand Suezmax Crude Carrier Jag Lakshya
Mar 27,2017

Great Eastern Shipping Company took delivery of a Secondhand Suezmax Crude Carrier Jag Lakshya (2011 Built) of about 157,000 dwt. The Company had contracted to buy the vessel in December 2016.

With this inclusion, the Companys current fleet stands at 44 vessels. Additionally, the Company has committed to purchase 1 secondhand Supramax Dry Bulk Carrier.

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Board of Mindtree accepts resignation of director
Mar 27,2017

Mindtree announced that the Board of Directors of the Company at their meeting held on 27 March 2017 have accepted and taken on record the retirement of Dr. Albert Hieronimus as Independent Director with effect from 01 April 2017 due to the completion of his tenure as Independent Director.

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Axis Bank allots 5,34,620 equity shares
Mar 27,2017

Axis Bank has allotted 5,34,620 equity shares of Rs. 2/- each on 27 March 2017, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 478,83,83,526 (239,41,91,763 equity shares of Rs. 2/- each) to Rs. 478,94,52,766 (239,47,26,383 equity shares of Rs. 2/- each).

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Arrow Textiles announces resignation of company secretary and compliance officer
Mar 27,2017

Arrow Textiles announced that Sushama Sudhakar Vesvikar resigned from the post of Company Secretary and Compliance Officer of the Company with effect from 27 March 2017 (from the closing business hours of the Company.)

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Yes Bank receives rating for AT1 Bonds aggregating Rs 3000 crore
Mar 27,2017

Yes Bank has received rating of ICRA AA (hyb) with Stable Outlook from ICRA ratings for Rs 3000 crore of Basel III compliant AT1 Bonds. ICRA also upgraded Yes Banks Rs 280 crore issue of Basel III AT1 Bonds from ICRA A+ (hyb) to ICRA AA (hyb).

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Bank of India raises Rs 1000 crore by issue of Tier II Bonds
Mar 27,2017

Bank of India has raised Rs.1,000 crore by issue of Basel-III compliant Tier-II Bonds (Series XIV) on 27 March 2017. The Bonds have been rated as BWR AA (+) by Brickwork Ratings India and IND AA (+) by India Ratings & Research and bear coupon rate of 8% p.a.

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Dishman Pharmaceuticals and Chemicals provides update on Scheme of Arrangement and Amalgamation
Mar 27,2017

Dishman Pharmaceuticals and Chemicals announced that the scheme of Scheme of Arrangement and Amalgamation amongst Dishman Pharmaceuticals and Chemicals (DPCL), Carbogen Amcis (India) (CAIL) and Dishman Care (DCL) has become effective with effect from 17 March 2017. In terms of the Scheme, the name of Transferee Company i.e. Carbogen Amcis (India) has been changed to Dishman Carbogen Amcis w.e.f. 27 March, 2017 vide a fresh certificate of Incorporation upon change of name issued by the Office of the Registrar of Companies, Gujarat.

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Axis Bank raises Senior Notes in international markets
Mar 27,2017

Axis Bank has passed resolution approving the allotment of 3 year Senior Floating Rate Notes aggregating to USD 10,000,000 (USD Ten Million only), under the MTN Programme through its Dubai International Financial Centre (DIFC) branch.

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Eicher Motors allots 3500 Stock Options
Mar 27,2017

Eicher Motors on 27 March 2017 has allotted 3500 Stock Options under ESOP Scheme.

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Amba Enterprises revises record date for interim dividend
Mar 27,2017

Amba Enterprises has revised the record date for interim dividend for FY 2017 from 31 March 2017 to 10 April 2017.

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Draft National Policy for Domestic workers under consideration
Mar 27,2017

A draft National Policy for Domestic workers is under consideration of the Government. The salient features of the Policy are as under:

i. Inclusion of Domestic Workers in the existing legislations

ii. Domestic workers will have the right to register as workers with the State Labour Department. Such registration will facilitate their access to rights & benefits accruing to them as workers.

iii. Right to form their own associations , trade unions

iv. Right to have minimum wages, access to social security, protection from abuse, harassment, violence

v. Right to enhance their professional skills

vi. Protection of Domestic Workers from abuse and exploitation who are recruited to work abroad

vii. Domestic Workers to have access to courts, tribunals, etc.

viii. Establishment of a mechanism for regulation of placement agencies.

In order to provide social security benefits to the workers in the unorganised sector including domestic workers, the Government has enacted the Unorganised Workers Social Security Act, 2008. The 2008 Act stipulates formulation of suitable welfare schemes for unorganised workers on matters relating to: (i) life and disability cover, (ii) health and maternity benefits, (iii) old age protection and (iv) any other benefit as may be determined by the Central Government through the National Social Security Board. Various Schemes, formulated by the Government to provide social security cover to the unorganized workers, listed in the Schedule I of the above Act are as under:

i. Indira Gandhi National Old Age Pension Scheme (Ministry of Rural Development)

ii. National Family Benefit Scheme (Ministry of Rural Development)

iii. Janani Suraksha Yojana (Ministry of Health and Family Welfare)

iv. Handloom Weavers Comprehensive Welfare Scheme (Ministry of Textiles)

v. Handicraft Artisans Comprehensive Welfare Scheme (Ministry of Textiles)

vi. Pension to Master Craft Persons (Ministry of Textiles)

vii. National Scheme for Welfare of Fishermen and Training and Extension (Department of Animal Husbandry, Dairying & Fisheries)

viii. Aam Admi Bima Yojana (Department of Financial Services)

ix. Rashtriya Swasthya Bima Yojana (Ministry of Health and Family Welfare).

Central Government has also launched the Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana for all citizens especially targeting unorganised workers to provide them comprehensive social security.

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Board of Colgate-Palmolive (India) recommends dividend
Mar 27,2017

Colgate-Palmolive (India) announced that the Board of Directors of the Company at its meeting held on 27 March 2017, inter alia, have recommended the dividend of Rs 3 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

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Fortis Healthcare to hold EGM
Mar 27,2017

Fortis Healthcare announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 April 2017 .

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Ministry of Labour & Employment provides housing subsidy of Rs. 1,50,000/- per worker for construction of house
Mar 27,2017

Ministry of Labour & Employment has formulated Revised Integrated Housing Scheme (RIHS), 2016, which is applicable to the workers engaged in Beedi/Iron Ore Mines, Manganese Ore & Chrome Ore Mines (IOMC)/Limestone Ore Mines, Dolomite Ore Mines (LSDM) /Mica Mines and Cine Industries, registered with the Labour Welfare Organisation (LWO) in the country.

In the Revised Integrated Housing Scheme (RIHS), 2016 the housing subsidy of Rs. 1,50,000/- will be released in three installments in 25:60:15 ratio. First installment (25%) of the subsidy i.e. Rs. 37,500/- per tenement will be released as advance after proposal received from the Welfare Commissioner concerned, the second installment (60%) of the subsidy i.e. Rs. 90,000/- would be released on reaching the lintel level and the third installment (15%) i.e. Rs. 22,500/- per tenement would be released after receipt of 100% inspection conducted by the Engineers/Officers of the Labour Welfare Organisation that the construction of houses has been completed in all respect.

Ministry of Labour & Employment provides housing subsidy of Rs. 1,50,000/- per worker for construction of house.

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