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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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AksharChem (India) provides update on capacity expansion process
Sep 27,2016

AksharChem (India) announced that the Company has successfully completed the process of expansion of CPC Green Plant with the capacity of 160 MTPM and Copper Sulphate (By Product) Plant with the capacity of 25 MTPM.

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Shree Rama Newsprint announces resignation of director
Sep 27,2016

Shree Rama Newsprint announced that Dr. Pallavi Mittal, an independent director, has resigned from the Board of Directors of the Company.

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Tata Motors provides update on subsidiaries
Sep 27,2016

Tata Motors announced that the Board of Directors of Tata Motors Finance (TMFL) and Sheba Properties, subsidiaries of the Company, have approved the Scheme of Arrangement at meetings held on 26 September 2016. The scheme involves the transfer by TMFL of its undertaking comprising the new vehicle finance line of business including all assets and liabilities comprising part of that undertaking New Vehicle Finance Business to its subsidiary Sheba for a lumpsum consideration. The scheme will come into effect after obtaining of all applicable approvals including sanction of the Honble High Court of Bombay.

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Shares of Radhika Jeweltech get listed
Sep 27,2016

The equity shares of Radhika Jeweltech (Scrip Code: 540125) are listed effective 27 September 2016 and admitted to dealings on the Exchange in the list of M Group Securities.

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IRB Infra in spotlight after winning order
Sep 27,2016

IRB Infrastructure has received a letter of award from National Highways Authority of India (NHAI) for Rs 2100-crore highway project in Rajasthan and Gujarat. The announcement was made after market hours yesterday, 26 September 2016.

Bosch said that its scheduled buyback of 8.78 lakh shares at Rs 23,000 each will open on 6 October 2016 and close on 21 October 2016. The announcement was made after market hours yesterday, 26 September 2016.

Sintex Industries said that its board approved allotment of 7.69 crore shares at Rs 65 per share on rights basis to eligible shareholders. The announcement was made after market hours yesterday, 26 September 2016. It may be recalled that shares of Sintex Industries had turned ex-rights on 8 August 2016. The company had fixed 9 August 2016 as record date for the rights issue. The company had approved issue of shares to shareholders in ratio of 26 shares on rights basis for every 151 shares held in the company at Rs 65 per share.

IIFL Holdings said that its board approved allotment of 4.33 crore compulsorily convertible preference shares and 100 equity shares worth Rs 231.92 per share to CDC Group plc as an investment of CDC in India Infoline Finance. The announcement was made after market hours yesterday, 26 September 2016.

8K Miles Software Services said that its board has fixed 13 October 2016 as the record date for ascertaining the eligibility of the shareholders entitled for stock split and bonus issue. The announcement was made after market hours yesterday, 26 September 2016.

Indiabulls Housing Finance said that the bond issue committee of the company approved allotment of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of face value of Rs 1,000 each, to base Issue of Rs 3500 crore with an over-subscription up to Rs 3500 crore for issuance of additional NCDs aggregating up to Rs 7000 crore. The announcement was made after market hours yesterday, 26 September 2016.

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Info Edge (India) allots equity shares
Sep 26,2016

Info Edge (India) announced that pursuant to the authorization given by the Board, the Committee of Executive Directors at its meeting held on 26 September 2016 has approved the allotment of 2,00,000 equity shares of face value of Rs. 10/- each to the Info Edge Employee Stock Option Plan Trust at Rs. 100/- per share which includes Rs. 90/- per share as premium. These shares shall rank pari passu with the existing equity shares of the Company, in all respects.

With this allotment, the paid up capital of the Company will accordingly increase from Rs. 1,209,161,590 (120,916,159 equity shares of Rs. 10/- each) to Rs. 1,211,161,590 (121,116,159 equity shares of Rs. 10/- each).

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Maithan Alloys intimates of damage to 132KV power transformer
Sep 26,2016

Maithan Alloys announced that due to heavy rains and flood, there has been severe damage to 132KV power transformer and other electrical equipment installed at the Companys Visakhapatnam plant.

The full damage is yet to be ascertained.

The said transformer and other electrical equipment are fully insured.

The production at the plant could be significantly affected over the next few months.

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NDTV expands its presence in Singapore
Sep 26,2016

New Delhi Television (NDTV) announced the launch of its flagship channel, NDTV 24/7, on Singtel in Singapore on 26 September 2016. NDTV India is the other channel from NDTV which is already available in Singapore.

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Board of IB Infotech Enterprises appoints company secretary & compliance officer
Sep 26,2016

IB Infotech Enterprises announced that the Board of Directors in their meeting held on 26 September 2016 have appointed Mira Gopal Soni as a Company Secretary and Compliance officer of the Company w.e.f. 01 October 2016 pursuant to section 203 of the Companies Act 2013 and Regulation 6(1) of SEBI (LODR) Regulations, 2015.

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IRB Infrastructure Developers secures road project from NHAI
Sep 26,2016

IRB Infrastructure Developers announced that the Company has now received Letter of Award from NHAI for the project of Six Laning from Udaipur to Rajasthan/ Gujarat Border i.e. from km 287.400 to km 401.200 section of NH-8 in the states of Rajasthan & Gujarat (approx. length 113.800 km) on DBFOT (Toll) under NHDP Phase V (package-V) (n++the Project)n++.

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CCL International announces resignation of directors
Sep 26,2016

CCL International announced that Anil Kumar, Non Executive Director, Mool Chand Garg, Non Executive Independent Director & Hari Om Agrawal, Non Executive Independent Director of the Company, have resigned from the Board of Directors of the Company.

Further, the Board of Directors in their board meeting held on 26 September 2016 has accepted their resignation with effect from 26 September 2016.

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SKIL Infrastructure announces resignation of CFO
Sep 26,2016

SKIL Infrastructure announced that Sudipan Bhaduri has tendered his resignation from the position of Chief Financial Officer of the Company with effect from 26 September 2016 due to personal reasons.

He also ceases to be the Whole-time Key Managerial Personnel (in the category of Chief Financial Officer) in terms of Section 203 of the Companies Act, 2013, with effect from the said date.

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Sintex Industries allots equity shares
Sep 26,2016

Sintex Industries announced the outcome of the Meeting of the Committee of Directors - Rights Issue. The Company has allotted 7,69,21,900 fully paid-up equity shares of face value of Rs.1/- each at a price of Rs.65/- per equity share (including a premium of Rs. 64/- per equity share) on Rights basis.

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Kavit Industries announces resignation of CEO
Sep 26,2016

Kavit Industries announced Hemal Kirtikumar Thakkar, Chief Executive Officer, has decided to leave the Company and has accordingly submitted his resignation.

The Board of Directors (n++the Boardn++), at its meeting held today i.e. on 26 September 2016, has accepted his resignation and consented to relieve him of his responsibilities effective close of business hours on 26 September 2016.

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Bank of India announces cessation of director
Sep 26,2016

Bank of India announced that in the exercise of the powers conferred by Clause (a) of Sub-section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of Clause 3 and sub clause (1) of clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, after consultation with Reserve Bank of India, has appointed Ravindra Prabhakar Marathe, Executive Director of the Bank as MD & CEO of Bank of Maharashtra w.e.f. the date of his taking over of the charge of the post.

Accordingly, he ceases to be a director of the Bank.

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