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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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Maruti Suzuki in focus after good production in March
Apr 10,2017

Maruti Suzuki India said its total production rose 10.29% to 1.53 lakh units in March 2017 over March 2016. The announcement was made after market hours on Friday, 7 April 2017.

L&Ts board at a meeting held on Friday, 7 April 2017, approved appointment of A. M. Naik as the Non-Executive Chairman of the company with effect from 1 October 2017 for a period of three years, immediately upon his retirement as the Executive Chairman on 30 September 2017. The board also approved appointment of S. N. Subrahmanyan as the Chief Executive Officer & Managing Director with effect from 1 July 2017. The announcement was made after market hours on Friday, 7 April 2017.

Central Bank of India said that a meeting of the capital raising committee of the board of directors of the bank will be held on 12 April 2017 to consider and approve raising of equity capital by conversion of entire innovative perpetual debt instruments (IPDI) capital of Rs 583 crore (5,830 IPDI of Rs 10 lakh each) held by Government of India, by allotment of equity shares of the face value of Rs 10 each at such conversion price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to Government of India on preferential basis. The announcement was made after market hours on Friday, 7 April 2017.

IndusInd Bank said it has recently inaugurated its first branch in Gaya, Bihar. With the inauguration of this branch, the bank now has 18 branches in Bihar. The announcement was made after market hours on Friday, 7 April 2017.

Apollo Tyres announced about the inauguration and commencement of commercial production at its manufacturing facility in Hungary with effect from 7 April 2017. Onkar S Kanwar, Chairman, Apollo Tyres said, this facility will help the company further increase its presence and market share in Europe. The announcement was made after market hours on Friday, 7 April 2017.

Indiabulls Housing Finance said it allotted its sixteenth tranche of secured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 43 crore. The announcement was made after market hours on Friday, 7 April 2017.

Brigade Enterprises announced the launch of Brigade Buena Vista, a luxury apartment project off Old Madras Road near Budigere Cross, Bengaluru. Brigade Buena Vista consists of 4 elegant residential towers spread across 7 acres, large parts of which are reserved for green, open spaces. The project is strategically located with excellent 3-way connectivity to Whitefield, Central and North Bengaluru and offers a strategic mix of accessibility and convenient living. The announcement was made after market hours on Friday, 7 April 2017.

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Reduction in Import Duty to stabilize the domestic prices
Apr 08,2017

The Government has reduced the import duty on many items in the recent months. In order to, inter alia, stabalise the domestic prices, the Government has reduced import duty on the following goods in the recent past:

i. With effect from 23.09.2016, import duty on palm oil was reduced from 12.5% to 7.5% for crude palm oil of edible grade, and from 20% to 15% for refined palm oil of edible grade.

ii. Import duty on wheat was reduced from 10% to Nil with effect from 08.12.2016 without an end date. [However, the import duty has been increased to 10% with effect from 28.03.2017].

iii. Import duty on pulses continues to be Nil without an end date, except tur the import duty on which has been increased to 10% with effect from 28.03.2017].

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Department of Consumers Affairs signs MOU with 230 Companies for quick redressal of the grievances/complaints of the consumers
Apr 08,2017

The National Consumer Helpline (NCH) is a project of the Department of Consumer Affairs which is executed through the Indian Institute of Public Administration(IIPA), New Delhi. IIPA has entered into MOU with 230 Companies under the convergence programme, for quick redressal of the grievances/complaints of the consumers.

In so far as the Ministry of Consumer Affairs, Food & Public Distribution is concerned, digital initiatives include digitisation of ration cards, beneficiary and other database, computerisation of supply chain management, setting up of transparency portals and grievance redress mechanisms, a mobile application for registering their complaints in the National Consumer helpline, webchat facility in the National Consumer Helpline, a mobile application n++Smart Consumern++ to enable the consumer to scan the bar code of the product and get information regarding details and labelling. Consumers are sensitized about digital safety by way of various publicity campaigns. The Department has also collaborated with Google India for raising awareness about internet safety amongst consumers.

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Alan Scott Industries files petition before NCLT for reduction of share capital
Apr 08,2017

Alan Scott Industries has filed the petition for reduction of share capital of the Company before NCLT, Mumbai on 06 April 2017.

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Indiabulls Housing Finance allots NCDs aggregating Rs 43 cr
Apr 08,2017

Indiabulls Housing Finance announced that on 07 April 2017 the Company has allotted its sixteenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating to Rs.43 crore on private placement basis.

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Cosmo Films to set up new production line for Speciality Polyester (BOPET) Films
Apr 08,2017

Cosmo Films has announced plans to install a new production line for Speciality Polyester (Biaxially - Oriented Polyethylene Teraphthalate) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj Plant site in Aurangabad, Maharashtra with a capacity of 36,000 MT per annum. The project for the new line will entail an investment of Rs 250 crore.

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Government issues instructions to States/UTs and FCI to ensure supply of good quality foodgrains under PDS
Apr 08,2017

Government has issued following instructions to State Governments / Union Territories and Food Corporation of India (FCI) to ensure supply of good quality foodgrains under Public Distribution System (PDS).

(i) Only good quality foodgrains free from insect infestation and conforming to Food Safety Standards are to be issued under PDS.

(ii) Ample opportunities are to be provided to the State Government to check the quality of foodgrains prior to lifting the foodgrains stocks from FCI godowns.

(iii) Samples of foodgrains are to be collected and sealed from the stocks of foodgrains to be issued under the PDS jointly by FCI and State Governments/UT Administrations.

(iv) An officer not below the rank of Inspector is to be deputed from State Government to take the delivery of foodgrain stocks from FCI godowns.

(v) Regular inspection to check the quality of foodgrains is to be carried out by the officers of State Government.

(vi) It is the responsibility of the concerned State Governments/UT Administrations to ensure that during transportation and storage at different stages in the distribution chain, the foodgrains retain the required quality specifications.

(vii) The State Government, where the decentralized procurement is in operation, should ensure that the quality of foodgrains issued under PDS and other welfare schemes should meet the desired standards prescribed by Food Safety and Standards Authority of India (FSSAI).

PDS is operated under the joint responsibility of the Central and the State/UT Governments. Central Government is responsible for procurement, allocation and transportation of foodgrains upto the designated depots of the Food Corporation of India. The operational responsibilities for intra-state allocation and distribution of foodgrains within the States/UTs, identification of eligible beneficiaries, issuance of ration cards and supervision and monitoring of the Fair Price Shops (FPSs) etc. rest with the concerned State/UT Governments. Therefore, as and when complaints are received, these are referred to the State/UT Governments concerned for inquiry and appropriate action. Five complaints about supply of poor quality foodgrains distributed under PDS were received during 2016-17.

Regular surveillance, monitoring, inspection and random sampling of all the food products are undertaken by the officials of Food Safety Departments of the respective States/UTs to check that they comply with the standards laid down under Food Safety & Standards Act, 2006 and the Rules & Regulation made thereunder. In cases where food samples are found to be non-conforming, recourse is taken to penal provisions under Chapter-IX of the Food Safety and Standards Act, 2006. The implementation and enforcement of norms under Food Safety and Standards Act, 2006 and Rules & Regulation made thereunder primarily rests with the State/UT Government.

No separate enforcement data regarding samples taken from foodgrains distributed under PDS by Food Safety Authorities of the States/UTs is maintained centrally by FSSAI. However, based on information made available by the States/UTs, details of all food samples received, analyzed, found non-conforming to the norms and action taken under provision of FSS Act, 2006.

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Rs.166.255 lakhs spent for Yoga training of 11428 Physical Education Teachers during 2016-17
Apr 08,2017

The Department of School Education & Literacy, Ministry of Human Resource Development has spent Rs.166.255 lakhs during 2016-17 under Rashriya Madhyamik Shiksha Abhiyan (RMSA) for Yoga training of 11428 Physical Education Teachers of Government Secondary Schools.

National Council of Educational Research and Training (NCERT) 2005 recommended Yoga as an Integral Part of Health and Physical Education as part of National Curriculum Framework (NCF). Health and Physical Education is a compulsory subject from Class I to Class X and optional from Classes XI to XII. According to National Curriculum Framework 2005, n++the entire group Health and Physical Education and Yoga must be taken together as a comprehensive Health and Physical Education Curriculum, replacing the fragmentary approach current in schools today. As a core part of the curriculum, time allocated for games and for yoga must not be reduced or taken away under any circumstancesn++. Further, they have already developed integrated syllabi on Health and Physical Education from Class I to Class X. The content of Yoga has been included from Class VI onward. It also prepared separate syllabus on Yoga from Upper Primary to Secondary Stage.

NCERT has brought out the following two textual materials for Upper Primary (VI to VIII) and Secondary Stages (IX & X):

(i) Yoga: A Healthy Way of Living (Upper Primary stage) and

(ii) Yoga: A Healthy Way of Living (Secondary Stage)

NCERT organised Yoga Olympiad from school to National Level from 18th to 20thJune, 2016.

CCRYN under Ministry of AYUSH has been conducting one hour Yoga Classes for Government employees in few Government Offices/Ministries n Delhi

MDNIY is creating awareness about healthy food habits and concept of Yogic Diet through its courses /programmes.

There are 9 universities offering Higher education in Yoga; and 2 universities offering higher education in Yoga and Naturopathy in the country.

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Larsen & Toubro commissions two large gas based power projects
Apr 07,2017

Larsen & Toubro has commissioned gas turbines in open cycle for two large gas based power projects in Bangladesh in quick succession during March 2017. The projects are being executed by Gas Based Power Projects business unit of L&T Power based in Baroda.

The first 150 megawatts (MW) gas turbine for Bangladesh Power Development Board (BPDB)s 225 MW combined cycle (dual fuel) power plant at Sikalbaha in Chittagong district was synchronised with the national grid on 25 March 2017.

The second 280 MW gas turbine for North West Power Generation Co (NWPGCL) combined cycle power plant of 360 MW capacity development project at Bheramara in Kushtia district was synchronised with the grid on 31 March 2017.

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Healthcare Global Enterprises gets upgradation in credit ratings
Apr 07,2017

Healthcare Global Enterprises announced that ICRA has upgraded the long term rating to ICRA A- from ICRA BBB+. The outlook of the long term rating has also been revised from positive to stable.

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Shares of Poddar Housing & Development get listed on NSE
Apr 07,2017

Poddar Housing & Development announced that the shares of the Company shall be listed and admitted to dealings on the National Stock Exchange with effect from 10 April 2017.

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Cadila Healthcare intimates successful completion of inspection of Changodar facility
Apr 07,2017

Cadila Healthcare announced that USFDA inspected its Topical manufacturing facility at Changodar, near Ahmedabad, from 03 April to 07 April 2017. At the end of the inspection, no observation (483) is issued. The Company has filed 17 products with the USFDA from this manufacturing facility.

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Sacheta Metals receives order from UAE
Apr 07,2017

Sacheta Metals has received an overseas order for 42.66 crore from UAE buyer.

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Power Grid Corporation of India announces resignation of director
Apr 07,2017

Power Grid Corporation of India announced that Jyotika Kalra has resigned as Independent Director on 06 April 2017 on her appointment as Member of the National Human Rights Commission.

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GTN Industries intimates of disruption of operations at Nagpur spinning unit
Apr 07,2017

GTN Industries announced that operations at its Nagpur spinning unit have been disrupted due to illegal strike by some workers.

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