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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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CSIR Laboratories Instructed to Avoid Filing of Patents Without Appropriate Techno-Commercial Evaluation
Nov 24,2016

Council of Scientific and Industrial Research (CSIR) has sent out a message to all its laboratories to avoid filing of patents without appropriate techno-commercial evaluation.

In order to align the IP strategy of CSIR with the priorities of socio-economic development including escalating costs of patent filings, this message was sent to exercise utmost due diligence in filing of patents.

CSIR has taken following steps to put in place an appropriate system:

(i) Establishment of IP Directorate at CSIR to analyze IP (Intellectual Property) life cycle from generation to exploitation.

(ii) Preparation of standard operating procedures (SOP) and guidelines for evaluation of inventions in alignment with National IPR Policy.

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Prism Cement to hold board meeting
Nov 24,2016

The board meeting of Prism Cement will be held on 30 November 2016, to consider raising of funds through issue of Secured, Non-convertible Debentures on private placement basis.

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Khemani Distributors & Marketing to hold board meeting
Nov 24,2016

Khemani Distributors & Marketing has announced that the board meeting of the company will be held on 06 December 2016, to consider and approve sub-division of 1 (one) equity shares of face value of Rs. 10/- each into 2 (two) equity shares of face value of Rs. 5/- each, and to approve consequent amendment of Memorandum of Association of the Company.

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Ashoka Buildcon to hold board meeting
Nov 24,2016

Ashoka Buildcon will hold a board meeting on 02nd December 2016 to consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Requisite Technology Developed for Rice Fortification with Iron for addressing incidence of Anaemia
Nov 24,2016

The Department of Biotechnology (DBT) through R&D support to IIT, Kharagpur has developed the requisite technology on the fortification with Iron for addressing the incidence of anaemia. This involves production of Iron fortified rice premix through extrusion process using broken rice kernels. This iron fortified rice kernel premix matches with the normal rice kernel in shape and size, and when mixed with normal rice in the ratio of 1:100 provides 50% of recommended daily allowance (RDA) of Iron. This technology can also be used to fortify rice with other micro nutrients, as well. The incremental cost of fortification has been estimated by IIT-Kharagpur to be upto 80 paise per kg of rice.

The steps taken by Government to take forward the rice fortification model to all parts of the country to deal with nutritional deficiency among the women and children is as follows:

A Pilot Scale Unit with a capacity of 100 kg/hr/shift has been commissioned at IIT-Kharagpur. The technology is ready for demonstration and transfer to prospective entrepreneurs. The same can be commercialized. However, for introduction in the Govt programmes such as Mid-day Meal Scheme and ICDS to address micro nutrient deficiencies in children, DBT would be willing to set up pilot scale production unit in States who would be interested. Accordingly, an MoU could be executed between DBT and the respective State Government Departments. This technology was also deliberated in the n++National Summit on Fortification of Foodn++ which was an Inter Ministerial meeting convened by FSSAI on 16th and 17th October, 2016, which was attended by State and Central Government officials, Industry representatives and academia. Further, DBTs proposal on the above issue has also been shortlisted in the Inter State Council Secretariat for the Eastern Zonal States - Bihar, Jharkhand, Odisha, West Bengal under their social outreach programme.

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Wipro grants Restricted Stock Units
Nov 24,2016

Wipro with effect from 01st November 2016 has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007.

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Wipro completes acquisition of Appirio
Nov 24,2016

Wipro has announced that it had completed the acquisition of Appirio on 23 November 2016.

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Talwalkars Better Value Fitness approves Scheme of Arrangement
Nov 24,2016

The board of Talwalkars Better Value Fitness on 24th November 2016 has approved the Scheme of Arrangement between Talwalkars Better Value Fitness and Talwalkers Lifestyles Limited and their respective shareholders providing for the demerger of the Gym business of TBVFL to TLL.

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Krishna Ventures company secretary resigns
Nov 24,2016

Krishna Ventures has announced that Ms. Krishna Parekh the Company Secretary and Compliance Officer of the Company has resigned from her position on 23rd November 2016.

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Board of Sword-Edge Commercials consider change in registered office
Nov 24,2016

Sword-Edge Commercials announced that the Board of Directors of the Company at its meeting held on 24 November 2016 has considered change in registered office to Plot No. 71, MIDC, Cross Road C, Opposite Seepz Gate No.2, Andheri East, Mumbai - 400093 with immediate effect.

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Indo Tech Transformers gets ratings reaffirmed
Nov 24,2016

Fitch India Ratings and Research has affirmed IND BBB-/Stable for the long-term issuer rating of Indo Tech Transformers. The agency has also affirmed the Long-term IND BBB- rating with a Stable Outlook and Short-term IND A3 rating.

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Virgo Global Media to hold AGM
Nov 24,2016

Virgo Global Media has announced that the Annual General Meeting of the Company will be held on 16 December 2016.

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Board of Talwalkars Better Value Fitness approves scheme of arrangement
Nov 24,2016

The Board of Directors of Talwalkars Better Value Fitness at its meeting held on 24 November 2016 approved scheme of arrangement between Talwalkars Better Value Fitness (Demerged Company) and Talwalkars Lifestyles (Resulting Company) and their respective shareholders providing for the demerger of Gym Business of Talwalkars Better Value Fitness to Talwalkars Lifestyles.

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State Trading Corporation of India suspends CMD
Nov 24,2016

State Trading Corporation of India vide communication received from the Department of Commerce, Ministry of Commerce & Industry has suspended Khaleel Rahim the CMD of the Company w.e.f. 18th November 2016.

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Accelya Kale Solutions wins top honors at ITSMA 2016 Marketing Excellence Awards
Nov 24,2016

Accelya Kale Solutions has received top honors at ITSMA 2016 Marketing Excellence Awards for its REVERA strategic Product Group Program. ITSMA (Information Technology Services Marketing Association) announced the awards during its 23rd Annual Conference in Cambridge, Massachusetts.

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