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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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Rich Universe Network to announce December quarter results
Jan 12,2017

Rich Universe Network announced that a Meeting of the Board of Directors of the Company will be held on 06 February 2017, inter alia, to consider & approve the un-audited financial results for the quarter ended 31 December 2016.

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Board of International Combustion (India) to consider Q3 and 9M results
Jan 12,2017

International Combustion (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve the Unaudited Financial Results (Standalone) of the Company for the third Quarter and Nine Months Period ended 31 December 2016.

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Board of IFB Agro Industries to consider Q3 and 9M results
Jan 12,2017

IFB Agro Industries announced that a meeting of the Board of Directors of the Companys is scheduled to be held on 28 January 2017, inter alia, to consider and take on record the unaudited financial results of the Company for the quarter and nine months ended 31 December 2016 and other businesses.

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Board of CHD Chemicals considers renewal of credit facility from Axis Bank
Jan 12,2017

CHD Chemicals announced that the board of Directors of the Company at their Meeting held on 12 January 2017, discuss the following matters:

- Authorized the Board to renew credit facility from AXIS Bank on the terms and conditions set out in the Credit Arrangement Letter issued by the AXIS Bank.

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Shri Niwas Leasing & Finance to consider December quarter results
Jan 12,2017

Shri Niwas Leasing & Finance announced that the Board Meeting of the Company will be held on 07 February 2017, inter alia, to consider and take on record Unaudited Quarterly Financial Results of the Company for the Quarter ended on 31 December 2016.

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Marvel Web Solutions to announce December quarter results
Jan 12,2017

Marvel Web Solutions announced that a Meeting of the Board of Directors of the Company will be held on 19 January 2017, inter alia, to transact the following business at the meeting:

- To consider and approve the Unaudited Quarterly Results for Quarter ended 31 December 2016.

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Super Crop Safe to announce Q3 results
Jan 12,2017

Super Crop Safe announced that a Meeting of the board of directors of the Company will be held on 20 January 2017, inter alia, to consider the following items;

- To consider Un-Audited Financial Result for the Third Quarter Ended on 31 December 2016.

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Sujala Trading & Holdings to announce December quarter results
Jan 12,2017

Sujala Trading & Holdings announced that a meeting of Board of directors of the Company will be held on 13 February 2017 to consider and approve the Audited Financial Results for the Quarter ended 31 December 2016 along with other routine business.

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Volumes jump at GE Power India counter
Jan 12,2017

GE Power India volume of 4.41 lakh shares by 13:40 IST on BSE, a 136.7-times surge over two-week average daily volume of 3,225 shares. The stock rose 0.09% to Rs 536.

Dalmia Bharat notched up volume of 1.63 lakh shares, a 24.99-fold surge over two-week average daily volume of 6,511 shares. The stock rose 1.39% to Rs 1,698.45.

NHPC saw volume of 27.25 lakh shares, a 9.61-fold surge over two-week average daily volume of 2.8 lakh shares. The stock rose 5.29% to Rs 28.85.

Grasim Industries clocked volume of 2.5 lakh shares, a 7.57-fold surge over two-week average daily volume of 33,000 shares. The stock gained 0.12% to Rs 857.

Bhansali Engineering Polymers saw volume of 20.96 lakh shares, a 7.2-fold rise over two-week average daily volume of 2.9 lakh shares. The stock jumped 6.04% to Rs 26.35.

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Board of Binani Industries to consider third quarter and nine months results
Jan 12,2017

Binani Industries announced that a Meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve the Unaudited Standalone Financial Results of the Company for the third quarter and nine months ended 31 December 2016.

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Board of Jay Bharat Maruti to consider private placement of NCDs
Jan 12,2017

Jay Bharat Maruti announced that a meeting of the Board of Directors of the Company will be held on 16 January 2017, inter alia, to consider the proposal for issue of Non-Convertible Debentures on private placement basis in terms of Section 42 and 71 of the Companies Act, 2013 subject to taking of shareholders approval through Postal Ballot process.

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Board of Alstone Textiles (India) to consider December quarter results
Jan 12,2017

Alstone Textiles (India) announced that the Board Meeting of the Company will be held on 06 February 2017, inter alia, to consider and take on record the Unaudited Quarterly Financial Results of the Company for the Quarter ended on 31 December 2016.

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Rishiroop allots 14,02,280 equity shares
Jan 12,2017

Rishiroop announced that the Securities Issue Committee of the Board of Directors of the Company has in the meeting held on 12 January 2017 approved allotment of 14,02,280 equity shares of Rs. 10/- each of the Company to holders of Optionally Convertible Preference Shares (OCPS) who exercised their option to convert their OCPS holding to equity shares as per the terms of the Scheme of Amalgamation (Scheme) sanctioned by the Honble High Court of Judicature at Bombay vide its order dated 08 May 2015, and Honble High Court of Gujarat at Ahmedabad vide its order dated 23 June 2015.

As per the terms of the aforesaid Scheme, shares allotted shall rank pari-passu with the existing equity shares of the Company in all respects, and shall be subject to the provisions of the Memorandum and Articles of Association of the Company.

Consequent to the above allotment, the equity share capital of the Company stands increased to 90,40,522 equity shares of Rs. 10/- each, aggregating to Rs. 9,04,05,220/-.

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Board of Rajesh Exports to consider Q3 results
Jan 12,2017

Rajesh Exports announced that a meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to do the following:

- To consider and take on record the unaudited financial results for the quarter ended 31 December 2016 (Q3).

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Fitch: Indian Point Closure Shows US Nuclear Sector Challenges
Jan 12,2017

The latest US nuclear plant shutdown highlights continued difficult operating conditions for merchant generators, due in large measure to low natural gas and energy prices amid sluggish demand, according to Fitch Ratings. Nuclear units are particularly vulnerable because of their high fixed operating and capital costs.

Indian Point units 2 and 3 have been added to the growing list of US nuclear power plants retiring before the end of their useful lives. Following a settlement agreement with New York state, Entergy Corp. agreed to shut Indian Point units 2 and 3 in April 2020 and April 2021, respectively. The closures will likely increase energy and capacity prices in the New York region, although the impact will ultimately depend on the type, amount and timing of replacement power. Likely beneficiaries are independent power producers operating within the region including NRG and Dynegy. New York Transco could also be a beneficiary of additional transmission opportunities.

The two Indian Point units, aggregating approximately 2,000 MW, join a list of five other nuclear units that have announced plans to prematurely retire between 2018 and 2025 and five other nuclear units that shuttered prematurely in 2013 and 2014. The closure stands in stark contrast to the Zero Energy Credit (ZEC) program implemented in New York in late 2016 that was intended to preserve the environmental attributes of two upstate nuclear plants. Indian Point, which has long been discussed by Governor Cuomo, was specifically excluded from the ZEC program because of its location in a constrained area that generally provided an uplift to wholesale energy prices.

As part of the agreement, New York state will withdraw legal challenges to Entergys license renewal application for the Indian Point units and issue the necessary permits and Entergy will request the Nuclear Regulatory Commission to shorten the term of the renewed license from 2033 and 2035 for units 2 and 3, respectively, to 2024 and 2025, providing some flexibility in the closures dates.

Entergy previously retired the Vermont Yankee nuclear plant in 2014 and announced plans for the early retirement of the Palisades and Pilgrim nuclear plants in 2018 and 2019, respectively (in each case before the expiration of their operating licenses), and completed the sale of the Fitzpatrick plant to Exelon Corp. The Indian Point closure will complete Entergys exit from the merchant energy business.

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