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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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Punjab National Bank allots equity shares to Govt. of India
Sep 15,2016

Punjab National Bank announced that consequent upon receipt of capital funds to the tune of Rs. 2112 crore from the Government of India on 14 September 2016, the Bank has issued and allotted 16,43,70,768 equity shares of face value of Rs 2/- each at a premium of Rs. 126.49 i.e. at a price of Rs. 128.49 per equity share on preferential basis in accordance with Regulation 76(1) of SEBI ICDR Regulations.

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Mauria Udyog announces cessation of director
Sep 15,2016

Mauria Udyog announced that Vijay Kumar Gupta ceased to be director by resignation w.e.f. 15 September 2016.

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GMR Infrastructure announces cessation of director
Sep 15,2016

GMR Infrastructure announced that V. Santhanaraman and Dr. Prakash G Apte, Independent Directors, ceased to be Directors of the Company consequent to completion of their term as Independent Directors on 14 September 2016.

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Bharat Financial Inclusion completes securitization transaction of 108 crore
Sep 15,2016

Bharat Financial Inclusion announced that the Company on 15 September 2016 completed a securitization transaction of Rs. 108 crore. With this, the Company has completed three securitization transactions aggregating to Rs. 852.44 crore in FY17.

The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of Indias Priority Sector lending guidelines. The pool has been rated AA (SO) by a leading rating agency, signifying a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

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Wipro partners with Reltio
Sep 15,2016

Wipro and Reltio, an enterprise data driven applications and modern data management Platform as a Service company, announced a partnership to develop faster and cost effective Master Data Management solutions. This partnership will help Reltio and Wipros client bridge the gap between data and insights by boosting the reliability of information, while ensuring users get relevant data.

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Wipro wins top six partnership honors
Sep 15,2016

Wipro announced that it has won top honors at the recently held Hewlett Packard Enterprise - Accelerate Partner Success Event in Goa, India and HPE Global Conference in Boston, USA, respectively.

The six awards won by Wipro include Strategic Global SI Alliance in Growth & Transformation , Top Digital Solution Partner of the Year, Award for Partnering and Delivery Excellence, Partner of the Year - EMEA and Outsourcing Global SI Alliance Partner 2016 at the Accelerate Partner Success Event in Goa, India; and the HPE EMEA Alliance Partner of Year - Growth award at the recently concluded HPE Global Partner Conference in Boston, USA.

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Sambhaav Media appoints director
Sep 15,2016

Sambhaav Media has on 15 September 2016 pursuant to the provisions of Section 161 read with section 149 and section 175 of the Companies Act, 2013, appointed Seema G Saxena, as a Woman Director of the Company.

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Tulip Star Hotels announces resignation of director
Sep 15,2016

Tulip Star Hotels announced that Mahendra Lodha resigned as Independent Director with effect from 13 September 2016.

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Visa Steel gets extension to hold AGM
Sep 15,2016

Visa Steel announced that the Company had sought for extension of time for holding the Annual General Meeting of the Company for the financial year ended 31 March 2016 by 3 (three) months from the Registrar of Companies, Orissa.

The Registrar of Companies, Orissa has granted such extension i.e up to 31 December 2016 for holding the Annual General Meeting of the Company for the financial year ended 31 March 2016.

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Union Bank of India raises AT-1 capital to the tune of Rs 1000 cr
Sep 15,2016

Union Bank of India has on 15 September 2016 issued 10,000 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital. The Bond is issued for face value of Rs. 10,00,000/- each at par aggregating to Rs. 1000 crore on private placement basis bearing 9.50% p.a. coupon payable annually. The AT1 Bonds are rated IND AA by India Ratings and Research (India Ratings) and CARE AA by Credit Analysis & Research (CARE).

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Board of Baba Arts appoints CFO
Sep 15,2016

Baba Arts announced that the Board of Directors of the Company at its meeting held on 15 September 2016 has approved the appointment of Ajay D. Acharya as Chief Financial Officer (CFO) of the Company with effect from 16 September 2016 pursuant to Section 203 of the Companies Act. 2013.

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Gartner Says Worldwide Server Revenue Declined 0.8 Percent in the Second Quarter of 2016, While Shipments Increased 2 Percent
Sep 15,2016

In the second quarter of 2016, worldwide server revenue declined 0.8 percent year over year, while shipments grew 2 percent from the second quarter of 2015, according to Gartner, Inc. There was some shuffling among the top vendors in the second quarter, as Dell moved into the top spot in shipments, while Hewlett Packard Enterprise (HPE) remained the worldwide leader in server revenue.

The second quarter of 2016 produced some continued growth on a global level compared with the first quarter, although there were some varied results regionally, said Jeffrey Hewitt, research vice president at Gartner. All regions showed a decline in shipments except Asia/Pacific and North America, which posted growth of 5.6 percent and 3 percent, respectively. In terms of revenue, all regions except for Asia/Pacific and Eastern Europe exhibited a decline. Asia/Pacific grew by 6.1 percent and Eastern Europe posted 1 percent growth. Variations of growth by data center segments and exchange rate issues are the main reasons for these results.

x86 servers grew 2.1 percent in shipments and 5.8 percent in revenue in the second quarter of 2016. Dell garnered 19.3 percent of the market and moved into the No. 1 position in worldwide server shipments due primarily to growth resulting from programs it has in place in the Asia/Pacific region, most notably in China. However, HPE continued to lead the x86 market in revenue with 26 percent of the market, said Mr. Hewitt.

Despite a decline of 6.4 percent, HPE continued to lead in the worldwide server market, based on revenue, with 23.7 percent market share (see Table 1). Dell grew 9.9 percent and maintained the second spot in the market with 19.1 percent market share. IBM secured the third position with 9.1 percent of the market but experienced the largest decline among the top five vendors.

Table 1
Worldwide: Server Vendor Revenue Estimates, 2Q16 (U.S. Dollars)

Company2Q16 Revenue2Q16 Market Share (%)2Q15 Revenue2Q15 Market Share (%)2Q16-2Q15 Growth (%)HPE3,208,997,82923.73,428,089,69225.1-6.4Dell2,594,180,87319.12,361,553,74617.39.9IBM1,226,947,9689.11,869,261,14513.7-34.4Lenovo968,175,3167.1949,775,8937.01.9Cisco858,924,0006.3866,700,0006.3-0.9Others4,695,515,87534.64,180,263,72330.612.3Total13,552,741,861100.013,655,644,198100.0-0.8

Source: Gartner (September 2016)

Due to its success in the x86 market, Dell moved into the No. 1 position in server shipments in the second quarter of 2016, with 8.9 percent growth, garnering 19.2 percent market share (see Table 2). HPE dropped to the second spot with 17.2 percent shipment share, representing an 18.7 percent decline year over year.*

Table 2
Worldwide: Server Vendor Shipment Estimates, 2Q16 (Units)

Company2Q16 Shipments2Q16 Market Share (%)2Q15 Shipments2Q15 Market Share (%)2Q16-2Q15 Growth (%)Dell529,13519.2485,74518.08.9HPE474,80317.2583,79021.6-18.7Lenovo235,2678.5222,2068.25.9Huawei139,8665.1122,5654.514.1Inspur120,4174.482,0323.046.8Others1,258,04545.61,207,00544.64.2Total2,757,532100.02,703,344100.02.0

Source: Gartner (September 2016)

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Ortin Laboratories to hold AGM
Sep 15,2016

Ortin Laboratories announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Nicco Uco Alliance Credit to hold AGM
Sep 15,2016

Nicco Uco Alliance Credit announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2016.

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Suchak Trading to hold AGM
Sep 15,2016

Suchak Trading announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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