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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 Communications announces appointment of director
Aug 18,2016

Punjab Communications announced that the Companys holding Company vide their letter dated 09 August 2016 has appointed Shruti Singh, IAS as Sr. Vice Chairperson / Director on the Board of the Company as per the provisions of the Memorandum & Articles of Association of the Company w.e.f. 09 August 2016.

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Larsen & Toubro Infotech forms strategic partnership with Coupa
Aug 18,2016

Larsen & Toubro Infotech announced a strategic partnership with Coupa, a leader in cloud-based spend management and procurement software platform. This partnership will enable enterprises to rationalize spends, achieve measurable savings, control costs and improve cash management.

Coupa offers comprehensive solutions for items such as Procure-to-Pay, Travel & Expense Management, Invoicing, e-sourcing, Supplier Management and Contract Management. As part of this partnership, Larsen & Toubro Infotech will establish a Coupa Center of Excellence (CoE) to strengthen its Coupa practice. The CoE will develop spend management solutions to help companies control and regulate all forms of spend in the organization and streamline the procurement process by opportunity identification, proposals, requisitioning, contract management, invoicing and settlement.

This strategic partnership, will help global companies improve supplier relations and mitigate supplier risks. It will focus on customer success and transform traditional procurement departments into next generation digital procurement organizations.

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White Diamond Industries to be renamed as White Organics Agri
Aug 18,2016

White Diamond Industries announced that the Company is in receipt of approval from Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs for reservation of proposed change in name as White Organics Agri.

Further the wholly owned subsidiary Company, Sapna Infraventures is also in receipt of approval from Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs for reservation of proposed change in name as White Organic Retail.

The above mentioned changes would be effected subject to Approval of shareholders, Exchange and statutory authorities and in relevant compliance applicable provisions of the Companies Act, 2013.

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Dilip Buildcon secures Rs 2016 cr road project from NHAI
Aug 18,2016

Dilip Buildcon announced that the National Highways Authority of India has declared the Company as the selected bidder for 4 laning of the Lucknow - Sultanpur section of NH-56 in the State of Uttar Pradesh under NHDP Phase - IV on hybrid annuity basis at a project cost of Rs 2016 crore and the first year O&M cost of Rs 5 crore.

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Tata Consultancy Service and JetBlue expand strategic relationship
Aug 18,2016

Tata Consultancy Service and JetBlue, one of the leading airlines in US, are ramping up their relation to strategically optimise and transform key business channels and enhance digital customer touchpoints.

As part of the extended partnership, JetBlue can benefit from TCS COIN (Co-Innovation) Network. This specifically involves access to TCSs Airline and Digital Innovation Labs.

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NHPC declares certificate of commercial operation for Unit 4 and whole of Teesta Low Dam HE Project
Aug 18,2016

NHPC announced that consequent upon successful trial run of Unit No.# 4 of Teesta Low Dam H.E. Project, Stage IV (4 x 40 MW) at its installed capacity of 40 MW for continuous 20.08 hours on dated 15 August 2016, the unit No. #4 is hereby declared under commercial operation w.e.f. 00:00 hours of 19 August 2016. Accordingly, COD of Power Station is also declared w.e.f. 00.00 hrs of 19 August 2016.

Further, inform that 100% Power generated from TLDP-IV has been allocated to the state of West Bengal and the same shall be supplied through West Bengal State Electricity Distribution Company (WBSEDCL).

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Board of State Bank of India approves acquisition of four banks
Aug 18,2016

State Bank of India announced that the Central Board of Directors at its meeting held on 18 August 2016 have accorded their approval to the scheme of acquisition of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore and Bharatiya Mahila Bank by State Bank of India, subject to approval of the scheme by the Reserve Bank of India and the Government of India.

The scheme provides for allotment of -

a. 28 equity shares of Rs 1 each of State Bank of India for every 10 equity shares of Rs 10 each of State Bank of Bikaner & Jaipur.

b. 22 equity shares of Rs 1 each of State Bank of India for every 10 equity shares of Rs 10 each of State Bank of Mysore.

c. 22 equity shares of Rs 1 each of State Bank of India for every 10 equity shares of Rs 10 each of State Bank of Travancore.

d. 4,42,31,510 of Rs 1 each of State Bank of India for every 100 crore equity shares of Rs 10 each of Bharatiya Mahila Bank .

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Jayshree Chemicals to hold AGM
Aug 18,2016

Jayshree Chemicals announced that the Annual General Meeting (AGM) of the company will be held on 9 September 2016.

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Kwality Credit & Leasing to hold AGM
Aug 18,2016

Kwality Credit & Leasing announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Jay Energy & S Energies to hold AGM
Aug 18,2016

Jay Energy & S Energies announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Madhuban Constructions to hold AGM
Aug 18,2016

Madhuban Constructions announced that the Annual General Meeting (AGM) of the company will be held on 7 September 2016.

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Kabra Commercial to hold AGM
Aug 18,2016

Kabra Commercial announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Kapashi Commercial to hold AGM
Aug 18,2016

Kapashi Commercial announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2016.

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Kallam Spinning Mills to hold AGM
Aug 18,2016

Kallam Spinning Mills announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2016.

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Kohinoor Techno Engineers to hold AGM
Aug 18,2016

Kohinoor Techno Engineers announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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