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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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Modi Rubber to convene board meeting
Aug 10,2017

Modi Rubber will hold a meeting of the Board of Directors of the Company on 18 August 2017, for approval of Audited Consolidated Financial Results of the Company for the year ended on March 31, 2017, re-appointment of Ms. Piya Modi as Whole Time Director for a term of Five Years, & to consider and approve Notice for convening the 44th Annual General Meeting, Director Reports Etc.

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1000 Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) Kendras to be opened in Uttar Pradesh
Aug 10,2017

Union Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilizers, Shri Mansukh Lal Mandviya, presided over the Memorandum of Understanding (MoU) signing ceremony between the Union Government and the State Government of Uttar Pradesh for opening 1000 Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) Kendras in the State.

Shri Mandaviya said that according to the vision of Prime Minister Shri Narendra Modi, Governments priority under the PMBJP scheme is to provide quality medicines at affordable rates to the poor and marginalized sections of society. The Minister further said that the drugs available under this scheme meet the highest quality benchmarks and are made available by the Government at costs much less than their expensive branded counterparts. Cardiac stent costs have been reduced by almost 85%, which would benefit poor patients who could not afford them earlier, the Minister added.

Shri Mandaviya informed that under the PMBJP scheme, more than 600 medicines and 150 surgical and other medical items are being made available at affordable rates at Janaushadhi Kendras opened across the country. The number of medicines available under the scheme would soon be increased to 1000. Government of India is also giving financial assistance of up to Rs. 2,50,000 to those who open the Kendras under the scheme, the Minister added.

Shri Siddharth Nath Singh said that these 1000 stores will be opened in government hospitals and community health centres, so that more and more poor and marginalized sections of society can get benefit of this scheme. Shri Singh also informed that the Cabinet has already given its approval to open Kendras in Hospital complexes and allotment of around 400 Janaushadhi Kendras has taken place.

During the event, Shri Mandaviya also inaugurated the website of the PMBJP Scheme for the State, during the event. This website would aid the people to know more about the scheme, location of the Janaushadhi Kendras, availability of medicines and their prices in real time. Other dignitaries present on the occasion were Shri Suddhansh Pant, Joint Secretary, Department of Pharmaceuticals, Government of India, along with other senior officers of the Union and State Governments.

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Raghav Ramming Mass announces board meeting date
Aug 10,2017

Raghav Ramming Mass will hold a meeting of the Board of Directors of the Company on 16 August 2017.

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Anubhav Infrastructure to convene board meeting
Aug 10,2017

Anubhav Infrastructure will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and take on record the Unaudited Standalone and Consolidated Financial Result along with Limited Review Report issued by the Statutory Auditors of the Company for the first quarter ended June 30, 2017.

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Jindal Steel & Power to convene AGM
Aug 10,2017

Jindal Steel & Power announced that the 38th Annual General Meeting (AGM) of the company will be held on 22 September 2017.

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Rupee retreats further
Aug 10,2017

Rupee closed lower at 64.2175/2200 per dollar on Thursday (10 August 2017), versus its previous close of 63.99/9925 per dollar.

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Maruti Suzuki India announces complete revamp of its True Value operations
Aug 10,2017

Maruti Suzuki India announced a complete revamp of its True Value operations, designed to make pre-owned cars more attractive and improved transparency.

As a part of Maruti Suzukis transformation, a network of independent True Value outlets will be set up across the country, with a larger display area for a variety of pre-owned cars of Maruti Suzuki. These outlets will be digitally integrated through a portal so that customers can access details of all the cars available at True Value outlets nation-wide. This will help customers to make their choice and visit the relevant True Value outlet for a test drive.

To ensure quality and reliability, pre-owned Maruti Suzuki cars will be carefully selected, refurbished at Maruti Suzuki workshops and offered to customers with warranty and free services.

As part of the transformation, up to 150 standalone outlets will be set up across India by March 2018.

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Dr Reddys Laboratories does not get renewal of GMP compliance certificate
Aug 10,2017

Dr Reddys Laboratories announced that its wholly owned subsidiary, betapharm Arzneimittel GmbH, Germany received a communication from the Regulatory Authority of Germany (Regierung von Oberbayern) last night, that the GMP compliance certificate in respect of the Companys Formulations Manufacturing Unit 2 plant in Bachupally, Hyderabad is not renewed consequent to the recent inspection of the plant. Pending revocation of the non-compliance notification, the plant will not be able to make any further despatch to the European Union until the next inspection, to be initiated by an invitation from betapharm.

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Shriram Transport Finance Company allots NCDs aggregating Rs 360 cr
Aug 10,2017

Shriram Transport Finance Company announced that the Allotment Committee - NCDs of the Company in its meeting held on 10 August 2017, approved and allotted 3600 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each, aggregating to Rs. 360 crore on private placement basis.

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Tata Motors and Skoda cease discussions around potential partnership
Aug 10,2017

Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Nevertheless, the two companies have decided to keep in touch for future areas ofcollaborations.

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Tata Motors and Skoda cease discussions on potential partnership
Aug 10,2017

Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Nevertheless, the two companies have decided to keep in touch for future areas ofcollaborations.

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NMDC revises prices of Iron Ore
Aug 10,2017

NMDC announced revision in prices of Iron Ore with effect from 09 August 2017 as under -

Lump Ore @ Rs 2225 / WMT
Fines @ Rs 1985 WMT

Note - The above FOR prices are excluding Royalty, DMF, NMET, CESS, Forest Permit Fee and other taxes.

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Tech Mahindra allots 17194 equity shares
Aug 10,2017

Tech Mahindra has allotted 17194 equity shares under ESOP on 10 August 2017.

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HDFC allots 3.73 lakh equity shares
Aug 10,2017

Housing Development Finance Corporation has allotted 3,73,680 equity shares pursuant to exercise of options under ESOS. Post the allotment, the paid up equity capital of the company stands at 159,32,73,460 equity shares of Rs 2 each.

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Gitanjali Gems intimates of consolidation of Groups US business
Aug 10,2017

Gitanjali Gems announced that Gitanjali Group has undertaken consolidation exercise of Groups US business by way of merger of its US based subsidiaries / step down subsidiaries in the following manner:

1. Merger of Abbey USA LLC and Tri- Star Worldwide LLC into Gitanjali USA, Inc. and later the name of the surviving entity has been changed to Tri- Star Worldwide Inc.

2. Merger of Diamlink Jewelery Inc. and Jewelery Marketing Company LLC into Diamlink Inc. and later the name of surviving entity has been changed to Jewelery Marketing Company, Inc.

This consolidation exercise is undertaken with a view to reduce cost and improve efficiency of operations.

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