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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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Sun Pharmaceuticals Industries to hold AGM
Aug 20,2016

Sun Pharmaceuticals Industries announced that the 24th Annual General Meeting (AGM) of the company will be held on 17 September 2016.

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Loyal Textile Mills to hold AGM
Aug 20,2016

Loyal Textile Mills announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2016.

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GI Engineering Solutions to hold AGM
Aug 20,2016

GI Engineering Solutions announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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M.D. Inducto Cast to hold board meeting
Aug 20,2016

M.D. Inducto Cast will hold a meeting of the Board of Directors of the Company on 23 August 2016.

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GMR Infrastructure to hold AGM
Aug 20,2016

GMR Infrastructure announced that the 20th Annual General Meeting (AGM) of the company will be held on 14 September 2016.

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Natco Economicals to hold board meeting
Aug 20,2016

Natco Economicals will hold a meeting of the Board of Directors of the Company on 22 August 2016, to consider Appointment of Ashish Pandya as a Whole Time Director of the Company on Resignation of Haresh Patel (Whole Time Director) with effect from 01 September 2016.

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Velox Industries to hold AGM
Aug 20,2016

Velox Industries announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2016.

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Himadri Speciality Chemical to hold AGM
Aug 20,2016

Himadri Speciality Chemical announced that the 28th Annual General Meeting (AGM) of the company will be held on 24 September 2016.

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Power Mech Projects to hold board meeting
Aug 20,2016

Power Mech Projects will hold a meeting of the Board of Directors of the Company on 31 August 2016, to consider, approve the Un Audited Financial Results of the Company for the quarter ended 30 June 2016.

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Sang Froid Labs (India) to hold board meeting
Aug 20,2016

Sang Froid Labs (India) will hold a meeting of the Board of Directors of the Company on 25 August 2016, to take note of the unaudited Financial Results of the Company for the Quarter ended on 30 June 2016.

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IL&FS Engineering Services JV Bags Rs. 136.26 cr turnkey transmission line project in Gujarat
Aug 20,2016

IL&FS Engineering and Construction Co (IL&FS Engineering Services) and Unitech Power Transmission has received a Letter of Award from Power Grid Corporation of India for supply contract for Tower Packages - TW05 for 756 KV D/C Bhuj- Banaskanta Transmission Line (Part V) associated with Green Energy Corridor: Inter-State Transmission Scheme - Part C, along with contract for construction works with this line in the State of Gujarat. The total value of this contract is Rs 136.26 crore and the project completion period is 23 months from the date of issue of the LoA. IL&FS Engineering Services is the lead partner for this contract.

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GST Will End Multiplicities In The Indirect Taxation: National, Spokesperson, BJP
Aug 20,2016

Goods and Services Tax (GST) as and when is implemented will attract litigation as it is going to be an evolving tax regime which could take some time to be perfect and the ceiling of perfection be rising with advancing times, according to the National Spokesperson of BJP, Mr. Nalin Kohli.

Addressing the members of the Managing Committee of PHD Chamber of Commerce and Industry here today, Mr. Kohli said that the GST ceiling and its bottom line would be consumer friendly as those that will decide the tax rates are going to be public representatives and they would take public view while deliberating upon the taxation limits both at upper hand as well as bottom line in public interests.

n++Since the GST would be an evolving tax regime, it is bound to attract litigations as and when its implementation begins but at the end of the day, the taxation system would gradually end the multiplicities of existing indirect tax system. Not only, the collections would rise but the tax distribution will become more friendlyn++, Mr. Kohli concluded his remarks on GST.

He called upon industry to be more compliant and keep their books neat and tidy as gradually, Indian systems are transforming for much better days which would make compliance as one of the important perquisites to follow a disciplined routine not only in business practices but otherwise too.

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Center reviews measures to ensure availability of essential commodities at reasonable prices
Aug 20,2016

A meeting to discuss measures to ensure availability of essential commodities at reasonable prices, especially of pulses, was held today under the chairmanship of Union Consumer Affairs Secretary - Shri Hem Pande. The meeting was attended by Principal Secretaries, Food, Civil Supplies & Consumer Affairs of States and other senior officials. The meeting reviewed availability of pulses and sugar and stock limits imposed by States thereon, bringing down price difference between wholesale and retail, lifting of pulses from Central Buffer Stock and strict enforcement of Packaged Commodities Rules.

In the meeting, States informed that the prices of pulses have started registering downward trends in recent weeks and expected to decline further. States said that stock limits on essential commodities have been imposed and in view of coming festival season, strict monitoring will be done to check hoarding of essential commodities. They were mentioned that huge margin between wholesale and retail price, which varies from 7% to 32% at various places is a cause of concern. In this regard, states agreed to hold periodical meetings with wholesalers and retailers to rationalize this margin.

States were also asked to strengthen Information Mechanism to monitor prices of essential commodities and its daily reporting from various markets to the Centre. They were also requested to increase number of such reporting centres so that price reporting mechanism may be made more broad-based.

States expressed their willingness to seek more allocation of pulses from Buffer Stock. So far, about 7000 MT have been lifted by the States. States were also requested to create a dedicated Police Department on the lines of Tamil Nadu to check offences under EC Act and to ensure display of stocks by wholesalers and importers and disposal of imported pulses within 45 days.

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MoU signed between Central Council for Research in Ayurvedic Sciences and University of Latvia
Aug 20,2016

A Memorandum of Understanding (MOU) was signed between the Central Council for Research in Ayurvedic Sciences (CCRAS) and University of Latvia on establishment of an academic chair in Ayurveda.

The MoU will provide a structured framework for taking forward academic and research activities in Ayurveda through deputation of an Ayurveda Professor to the University of Latvia.

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Prakash Industries to hold board meeting
Aug 20,2016

Prakash Industries will hold a meeting of the Board of Directors of the Company on 29 August 2016.

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