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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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Tele-Law through CSCs To Mainstream Legal Aid in Rural India
Jun 12,2017

- The pilot to be rolled out across 1000 Common Service Centres (CSC) in Uttar Pradesh & Bihar

- This initiative will also serve as an opportunity to build capacity of 1000 women Para Legal Volunteers (PLV)

- Training of VLEs across 1000 Common Service Centres (CSC) able to effectively operationalize the tele- law services

In its effort to make legal aid easily accessible to the marginalized communities and citizens living in rural areas, the Government of India has launched the Tele-Law. The Ministry of Law and Justice partnered with the Ministry of Electronics and Information Technology (MeitY), which anchors the Digital India programme, to provide legal aid services through its Common Service Centres (CSC) at the panchayat level, spread across the country. In the first phase, the Tele-Law scheme will be tested as a pilot across 500 Common service Centres (CSC) in Uttar Pradesh and Bihar to understand the challenges and make necessary corrections to the scheme before it is scaled up and rolled out across the country in a phased manner.

Under the scheme, a portal called Tele-Law will be launched, which will be available across the Common Service Centre (CSC) network. This will connect the citizens to legal service providers with the help of technology enabled platforms. Tele-Law will enable people to seek legal advice from lawyers through video conferencing available at the Common Service Centres (CSC). Additionally, law school clinics, District Legal Service Authorities, voluntary service providers and Non-Government Organisations working on legal aid and empowerment can also be connected through the CSCs anywhere and anytime, in order to strengthen access to justice for the marginalized communities. The National Legal Services Authority (NALSA) will provide a panel of lawyers from State capitals, who will be available through video conferencing to provide legal advice and counselling to the applicants, across the 1000 Common Service Centres (CSC). A robust monitoring and evaluation system is also being designed which will help in assessing the quality of legal advice provided and the ensuing benefit to those accessing it.

Announcing, the launch of Tele-Law, Honble Minister for Electronics, IT, Law and Justice, Shri. Ravi Shankar Prasad said, n++I am extremely happy to have launched the Tele Law, the legal aid to poor through which will be made available through the Common Services Centers. Tele-Law will fulfill our commitment to ensure access to justice & empowerment of the poor. The Common Services Centers and Para Legal Volunteers will offer easy legal advice to litigants in rural India making them digitally and financially inclusive.n++

In addition to this, under this scheme, every Common Service Centre (CSC) will engage a Para Legal Volunteer (PLV), who will be the first point of contact for the rural citizens and will help them in understanding the legal issues, explain the advice given by lawyers and assist in further action required in cases as per the advice of the lawyer. Women PLVs will be encouraged and trained under the Scheme. One thousand women PLVs will work for mainstreaming legal aid services through the CSCs. The aim is to promote women entrepreneurship and empowerment and ensure women participation. The selected PLVs will also be provided with relevant training to fulfil their responsibilities effectively.

A trained PLV will be available in a CSC for ten days in a month under the Scheme. These PLVs will help the applicant connect with a lawyer through the video conferencing facility at the CSC and will keep a track of the progress of the applicants cases and grievances and maintain a record. They will also submit the records maintained to the District Legal Service Authority every week. The National Legal Service Authority (NALSA) will provide a panel of lawyers who will be sitting in the State capitals and will be available through video conferencing to provide legal advice/counselling to the applicant at the CSCs.

This scheme comes as a continuation to the Access to Justice Project for Marginalized Persons which is being implemented by Department of Justice and United Nation Development Programme (UNDP). The Access to Justice Project partnered with CSC-E-governance Services India Limited to mainstream legal literacy through common service centres in Jharkhand (10 CSCs in 3 districts) and then through 500 CSCs across 11 districts in Rajasthan. Under the program, 500 VLEs in Rajasthan were trained on social justice legislations such as fundamental rights, the right to information, citizen rights vis-n++-vis policing, gender laws, child rights and labour laws.

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Bank stocks in spotlight as Jaitley to meet heads of PSU banks
Jun 12,2017

Bank stocks will be in focus. Finance Minister Arun Jaitley will meet heads of public sector banks (PSU banks) today, 12 June 2017 to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans. Major issues on the agenda of the meeting include issues and solutions relating to NPAs of the PSU banks, status of MSE Credit, Stand-up India and Mudra Yojana among others.

Oriental Bank of Commerce (OBC) said it has revised the marginal cost of funds based lending rate (MCLR) for different tenors with effect from 12 June 2017. The banks MCLR for overnight loans will be 8.1%, the rate for one month will be 8.2% and for three months it will be 8.25%. The MCLR on 6-month loans will be 8.35% and for one-year loans the rate will be 8.5%, the bank said. The announcement was made after market hours on Friday, 9 June 2017.

Tata Motors said that its global wholesales including Jaguar Land Rover (JLR) declined by 1% to 86,385 units in May 2017 over May 2016. The announcement was made after market hours on Friday, 9 June 2017.

Coal India (CIL) issued clarification to the stock exchanges with regard to media news item titled CIL to shut 37 mines ignoring unions threatn++. The company said that every year, subsidiaries of CIL generally undertake an exercise to determine profit/loss making operating mines for comparative study of the performance of such mines over previous years as well as for opening of new mines.

Government of India (Ministry of Coal) during the review meeting with CIL & its subsidiaries noted that substantial number of mines which are not been able to recover salary of the workers and directed that all subsidiaries of CIL to conduct a detailed study of such mines and report the action taken to list out the unviable mines, the company said.

In view of above, an action plan has been prepared by subsidiaries in which 37 unviable UG mines has been envisaged to be closed in 2017-18. The identified surplus manpower from these mines would be gainfully redeployed in nearby mines of areas to reduce further loss in these mines, CIL said. The announcement was made after market hours on Friday, 9 June 2017.

Shriram Transport Finance Company said that the allotment committee at a meeting held on 9 June 2017, allotted 3,500 non-convertible debentures (NCDs) aggregating to Rs 350 crore on private placement basis. The announcement was made after market hours on Friday, 9 June 2017.

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Novagold Petro-Resources reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

Novagold Petro-Resources reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.01 crore during the previous quarter ended March 2016. Sales declined 29.03% to Rs 0.22 crore in the quarter ended March 2017 as against Rs 0.31 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 5.84 crore during the previous year ended March 2016. Sales rose 95.45% to Rs 0.86 crore in the year ended March 2017 as against Rs 0.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.220.31 -29 0.860.44 95 OPM %0-3.23 -0-2.27 - PBDT0-0.01 100 0-5.84 100 PBT0-0.01 100 0-5.84 100 NP0-0.01 100 0-5.84 100

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KCCL Plastic reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

KCCL Plastic reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 2.07 crore during the previous quarter ended March 2016. Sales declined 36.67% to Rs 0.19 crore in the quarter ended March 2017 as against Rs 0.30 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 2.07 crore during the previous year ended March 2016. Sales declined 37.82% to Rs 0.74 crore in the year ended March 2017 as against Rs 1.19 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.190.30 -37 0.741.19 -38 OPM %0-690.00 -0-173.11 - PBDT0-2.07 100 0-2.06 100 PBT0-2.07 100 0-2.07 100 NP0-2.07 100 0-2.07 100

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D B Realty standalone net profit rises 21.35% in the March 2017 quarter
Jun 10,2017

Net profit of D B Realty rose 21.35% to Rs 40.75 crore in the quarter ended March 2017 as against Rs 33.58 crore during the previous quarter ended March 2016. Sales declined 83.88% to Rs 8.45 crore in the quarter ended March 2017 as against Rs 52.41 crore during the previous quarter ended March 2016.

For the full year,net profit declined 97.29% to Rs 1.43 crore in the year ended March 2017 as against Rs 52.76 crore during the previous year ended March 2016. Sales declined 92.22% to Rs 13.78 crore in the year ended March 2017 as against Rs 177.04 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8.4552.41 -84 13.78177.04 -92 OPM %-175.7444.29 --220.4638.92 - PBDT54.5955.30 -1 41.7995.30 -56 PBT53.5353.92 -1 36.7390.23 -59 NP40.7533.58 21 1.4352.76 -97

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MVL reports consolidated net loss of Rs 0.69 crore in the March 2017 quarter
Jun 10,2017

Net Loss of MVL reported to Rs 0.69 crore in the quarter ended March 2017 as against net loss of Rs 4.05 crore during the previous quarter ended March 2016. Sales rose 780.00% to Rs 0.88 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.04 crore in the year ended March 2017 as against net loss of Rs 4.26 crore during the previous year ended March 2016. Sales declined 62.64% to Rs 4.86 crore in the year ended March 2017 as against Rs 13.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.880.10 780 4.8613.01 -63 OPM %-65.91-4220.00 --30.25-29.59 - PBDT-0.58-4.23 86 -1.56-3.90 60 PBT-0.69-4.39 84 -2.04-4.58 55 NP-0.69-4.05 83 -2.04-4.26 52

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Sapan Chemicals reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

Sapan Chemicals reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 1.56 crore during the previous quarter ended March 2016. Sales rose 280.00% to Rs 0.19 crore in the quarter ended March 2017 as against Rs 0.05 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 5.08 crore during the previous year ended March 2016. Sales rose 45.45% to Rs 0.64 crore in the year ended March 2017 as against Rs 0.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.190.05 280 0.640.44 45 OPM %0-3120.00 -0-1152.27 - PBDT0-1.56 100 0-5.07 100 PBT0-1.56 100 0-5.08 100 NP0-1.56 100 0-5.08 100

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Fast Track Entertainment reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

Fast Track Entertainment reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 1.59 crore during the previous quarter ended March 2016. Sales rose 4.00% to Rs 0.26 crore in the quarter ended March 2017 as against Rs 0.25 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 4.92 crore during the previous year ended March 2016. Sales rose 62.50% to Rs 0.91 crore in the year ended March 2017 as against Rs 0.56 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.260.25 4 0.910.56 63 OPM %0-632.00 -2.20-873.21 - PBDT0-1.58 100 0.02-4.89 LP PBT0-1.59 100 0-4.92 100 NP0-1.59 100 0-4.92 100

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RFL International reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

RFL International reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 1.52 crore during the previous quarter ended March 2016. Sales declined 48.65% to Rs 0.19 crore in the quarter ended March 2017 as against Rs 0.37 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 1.22 crore during the previous year ended March 2016. Sales rose 63.04% to Rs 0.75 crore in the year ended March 2017 as against Rs 0.46 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.190.37 -49 0.750.46 63 OPM %0-410.81 -0-265.22 - PBDT0-1.52 100 0-1.22 100 PBT0-1.52 100 0-1.22 100 NP0-1.52 100 0-1.22 100

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Kriptol Industries reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

Kriptol Industries reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales declined 24.14% to Rs 0.22 crore in the quarter ended March 2017 as against Rs 0.29 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 2.53 crore during the previous year ended March 2016. Sales declined 27.03% to Rs 0.81 crore in the year ended March 2017 as against Rs 1.11 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.220.29 -24 0.811.11 -27 OPM %0-6.90 -0-0.90 - PBDT0-0.02 100 0-2.53 100 PBT0-0.02 100 0-2.53 100 NP0-0.02 100 0-2.53 100

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Tribhuvan Housing reports standalone nil net profit/loss in the March 2017 quarter
Jun 10,2017

Tribhuvan Housing reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.01 crore during the previous quarter ended March 2016. Sales declined 22.58% to Rs 0.24 crore in the quarter ended March 2017 as against Rs 0.31 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 0.01 crore during the previous year ended March 2016. Sales rose 29.17% to Rs 0.93 crore in the year ended March 2017 as against Rs 0.72 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.240.31 -23 0.930.72 29 OPM %0-3.23 -0-1.39 - PBDT0-0.01 100 0-0.01 100 PBT0-0.01 100 0-0.01 100 NP0-0.01 100 0-0.01 100

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Millennium Cybertech reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
Jun 10,2017

Net profit of Millennium Cybertech reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 2.08 crore during the previous quarter ended March 2016. Sales declined 50.00% to Rs 0.16 crore in the quarter ended March 2017 as against Rs 0.32 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.01 crore in the year ended March 2017 as against net loss of Rs 2.08 crore during the previous year ended March 2016. Sales declined 36.52% to Rs 0.73 crore in the year ended March 2017 as against Rs 1.15 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.160.32 -50 0.731.15 -37 OPM %6.25-650.00 --1.37-180.87 - PBDT0.01-2.08 LP -0.01-2.08 100 PBT0.01-2.08 LP -0.01-2.08 100 NP0.01-2.08 LP -0.01-2.08 100

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OK Play India standalone net profit declines 98.55% in the March 2017 quarter
Jun 10,2017

Net profit of OK Play India declined 98.55% to Rs 0.06 crore in the quarter ended March 2017 as against Rs 4.14 crore during the previous quarter ended March 2016. Sales declined 45.42% to Rs 21.55 crore in the quarter ended March 2017 as against Rs 39.48 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.63 crore in the year ended March 2017 as against net loss of Rs 1.99 crore during the previous year ended March 2016. Sales declined 28.59% to Rs 69.41 crore in the year ended March 2017 as against Rs 97.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales21.5539.48 -45 69.4197.20 -29 OPM %22.1315.81 -21.9319.26 - PBDT0.622.73 -77 4.387.86 -44 PBT-0.262.02 PL 0.924.98 -82 NP0.064.14 -99 0.63-1.99 LP

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Vapi Paper Mills reports standalone net loss of Rs 0.20 crore in the March 2017 quarter
Jun 10,2017

Net loss of Vapi Paper Mills reported to Rs 0.20 crore in the quarter ended March 2017 as against net profit of Rs 0.15 crore during the previous quarter ended March 2016. Sales declined 40.51% to Rs 0.47 crore in the quarter ended March 2017 as against Rs 0.79 crore during the previous quarter ended March 2016.

For the full year,net profit declined 60.61% to Rs 0.13 crore in the year ended March 2017 as against Rs 0.33 crore during the previous year ended March 2016. Sales declined 20.37% to Rs 2.15 crore in the year ended March 2017 as against Rs 2.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.470.79 -41 2.152.70 -20 OPM %-17.0234.18 -23.2625.56 - PBDT-0.080.25 PL 0.490.64 -23 PBT-0.140.18 PL 0.240.36 -33 NP-0.200.15 PL 0.130.33 -61

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Board of National Oxygen appoints CFO
Jun 10,2017

The Board of Directors of National Oxygen at its meeting held on 30 May 2017 has appointed P M Prasanth as Chief Financial Officer in place of T Sudhar with effect from 10 June 2017.

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