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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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CPI inflation rises to 3.7% in February 2017
Mar 14,2017

The all-India general CPI inflation increased to 3.65% in February 2017 (new base 2012=100), compared with 3.17% in January 2017. The corresponding provisional inflation rate for rural area was 3.67% and urban area 3.55% in February 2017 as against 3.36% and 2.90% in January 2017. The core CPI inflation rose to 5.00% in January 2017 from 4.83% in December 2016.

Among the CPI components, inflation of food and beverages increased to 2.46% in February 2017 from 1.37% in January 2017 contributing to the rise in CPI inflation. Within the food items, the inflation increased meat and fish 3.50%, vegetables (-) 8.29%, fruits 8.33%, oil and fats 3.83% and sugar and confectionery 18.83%. On the other hand, inflation moved down for pulses and products to (-) 9.02%, spices 3.82%. The inflation also eased for egg 0.54%, milk and products to 4.22% and non-alcoholic beverages 3.17% in February 2017.

The inflation for housing eased at 4.90%, and that for miscellaneous items also eased to 4.79% in February 2017. Within the miscellaneous items, the inflation for Transport and communication jumped to 5.39%, and Education eased 5.37%, and inflation declined for personal care and effects to 5.15%, household goods and services 4.09% and health 4% in February 2017. The inflation for clothing and footwear eased to 4.38% in February 2017, while the CPI inflation of fuel and light increased to 3.90% in February 2017.

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CPI Inflation rises to 3.65% in February 2017
Mar 14,2017

The all-India general CPI inflation rebounded to 3.65% in February 2017 (new base 2012=100), compared with 25-months low of 3.17% in January 2017. The corresponding provisional inflation rate for rural area was 3.67% and urban area 3.55% in February 2017 as against 3.36% and 2.90% in January 2017. The core CPI inflation eased to 4.75% in February 2017 from 4.95% in January 2017. The cumulative CPI inflation was lower at 4.58% in April-February FY2017 compared with 4.92% in April-February FY2016.

Among the CPI components, inflation of food and beverages increased to 2.46% in February 2017 from 1.37% in January 2017 mainly contributing to the rise in CPI inflation. Within the food items, the inflation increased for Vegetables to -8.29%, Fruits 8.33%, Oils and fats 3.83%, Meat and fish 3.50% and Sugar and Confectionery 18.83%. The inflation was flat for Cereals and products at 5.30%, Milk and products 4.22% and Non-alcoholic beverages 3.17% On the other hand, inflation declined for Pulses and products to -9.02% Spices 3.82% and Egg 0.54% in February 2017.

The inflation for housing eased to 4.90%, while that for miscellaneous items also fell to 4.79% in February 2017. Within the miscellaneous items, the inflation for Personal care and effects dipped to 5.15%, Health 4.00%, Education to 5.37%, and Household goods and services 4.09%, while inflation rose for Transport and communication to 5.39% in February 2017.

The inflation for clothing and footwear eased to 4.38% in February 2017, while the CPI inflation of fuel and light increased 3.90% in February 2017.

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Wipro bags 12 year contract from NHS Scotland
Mar 14,2017

Wipro announced that it has won a 12 year contract from NHS Scotland to build a next generation Enterprise Master Patient Index (eMPI) solution. This solution, which will be hosted in Scotland, will help NHS Scotland transition from its current legacy Community Health Index System to offer cost effective, efficient, paperless and patient friendly healthcare services in Scotland.

Wipro has partnered with NextGate for this project. Wipro will leverage NextGates award wining MatchMetrix platform so as to enable the eMPI solution to link and manage data from patients, partner institutions and third party organisations.

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Wipro launches Wipro HOLMESn++ Cloud BOT
Mar 14,2017

Wipro announced the launch of Wipro HOLMESn++ Cloud BOT - a continuously learning digital consultant, that leverages Wipros BoundaryLess Data Centre Solution.

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Godrej Consumer Products hikes stake in Weave Senegal
Mar 14,2017

Godrej Consumer Products through its subsidiary, has increased its stake from 51% to 100% in Weave Senegal. The Company, through its subsidiary, has also reduced one layer of non-operational investment holding company in Mauritius, DGH Angola.

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Zensar Technologies announces demise of director
Mar 14,2017

Zensar Technologies announced the sad demise of Pradipta Kumar Mohapatra, Independent Director on 13 March 2017.

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Denis Chem Lab allots 13,50,000 Equity Shares
Mar 14,2017

Denis Chem Lab announced that Charandeep Singh has been allotted 13,50,000 Equity Shares of Rs.10/- each on 14 March 2017 upon exercise of right of conversion of 13,50,000 Equity Warrants of Rs.10/- each into Equity Shares on Preferential Basis

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Edelweiss Financial Services allots 3,56,075 equity shares
Mar 14,2017

Edelweiss Financial Services has allotted 3,56,075 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Rupa & Companys subsidiary enters into license agreement with Fruit of the Loom Inc.
Mar 14,2017

Oban Fashions, a Wholly-Owned Subsidiary of Rupa & Company, has, on 09 March 2017, entered into a License Agreement with Fruit of the Loom, INC., a New York Corporation, a Wholly-Owned Subsidiary of Berkshire Hathaway Company, whereby the said Wholly-Owned Subsidiary of Rupa & Company has acquired the exclusive license from the said Fruit of the Loom, INC., to manufacture, distribute, advertise and sell innerwear and outerwear products for men, boys, women, girls and toddler in India, under their brand names and marks.

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Monarch Networth Capital incorporates new subsidiary - Monarch Networth Capital IFSC
Mar 14,2017

Monarch Networth Capital has incorporated a new subsidiary company with the name: Monarch Networth Capital IFSC through the certificate of incorporation received from the Registrar of Companies dated 14 March 2017.

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Pennar Engineered Building Systems to hold board meeting
Mar 14,2017

Pennar Engineered Building Systems will hold a meeting of the Board of Directors of the Company on 20 March 2017.

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NLC India to hold board meeting
Mar 14,2017

NLC India will hold a meeting of the Board of Directors of the Company on 20 March 2017, to consider declaration of interim dividend, if any, for the financial year 2016 -17.

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Upper Ganges Sugar & Industries fixes record date for scheme of arrangement
Mar 14,2017

Upper Ganges Sugar & Industries has proposed to fix 25 March 2017 as the Record Date (subject to confirmation of your good office) for the purpose of ascertaining the eligibility of the Equity (listed) and Preference (unlisted) shareholders, who shall be entitled to the respective shares issued by the transferee companies pursuant to the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries, The Oudh Sugar Mills, Palash Securities, Allahabad Canning, Ganges Securities, Cinnatolliah Tea, Vaishali Sugar & Energy, Magadh Sugar & Energy and Avadh Sugar & Energy and their respective Shareholders and Creditors(the Scheme).

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Oudh Sugar Mills fixes record date for scheme of arrangement
Mar 14,2017

Oudh Sugar Mills has proposed to fix 25 March 2017 as the Record Date (subject to confirmation of your good office) for the purpose of ascertaining the eligibility of the Equity (listed) and Preference (unlisted) shareholders, who shall be entitled to the respective shares issued by the transferee companies pursuant to the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries, The Oudh Sugar Mills, Palash Securities, Allahabad Canning, Ganges Securities, Cinnatolliah Tea, Vaishali Sugar & Energy, Magadh Sugar & Energy and Avadh Sugar & Energy and their respective Shareholders and Creditors(the Scheme).

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Footwear Design and Development Institute (FDDI) Bill, 2017 introduced
Mar 14,2017

Commerce & Industry Minister Smt. Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on 14th March, 2017 to declare the FDDI as an Institution of National Importance (INI).

The objective of the proposed legislation is to facilitate and promote teaching, training and research in all disciplines relating to design and development of Footwear and leather products and to enable FDDI to emerge as Centre of Excellence meeting international standards.

The Footwear Design & Development Institute was established in 1986 with the objective of providing trained human resource and assistance to the sector. FDDI has pan-India presence with campuses at Noida, Kolkata, Chennai, Fursatganj (UP), Rohtak (Haryana), Chhindwara (M.P) and Jodhpur (Rajasthan) equipped with state of art academic facilities and infrastructure. New campuses at Hyderabad, Patna, Ankleshwar (Gujarat), Banur(Punjab) and Guna (M.P) would also start functioning shortly.

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