Sun TV Network in focus after declaring Q1 result

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Sun TV Network’s net profit rose 19.02% to Rs 233.06 crore on 9.89% growth in total income to Rs 782.38 crore in Q1 June 2016 over Q1 June 2015. Sun TV Network’s earnings before interest, taxation, depreciation and amortization (EBITDA) rose 7.25% to Rs 436.43 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 19 August 2016.

State Bank of India (SBI) said that the committee of directors will meet on 24 August 2016, to consider and examine the status and decide on long term AT1 fund raising in single/multiple tranches in domestic/foreign currency through a public offer and/or private placement during the financial year ending 31 March 2017. The announcement was made on Saturday, 20 August 2016.

NBCC (India) said that Archaeological Survey of India (ASI), Government of India has executed Memorandum of Understanding (MOU) with the company on 19 August 2016 for assigning work for construction of Institute of Archaeology and UNESCO Category-II Centre at Sector Knowledge Park-II, Greater Noida amounting to about Rs 120 crore. The announcement was made on Saturday, 20 August 2016.

Among key earnings, NTPC and HPCL are scheduled to announce Q1 June 2016 results today, 22 August 2016.

IL&FS Engineering and Construction Company and Unitech Power Transmission joint venture has received a Letter of Award (LoA) from Power Grid Corporation of India (PGCIL) for supply contract for tower package for 765 kilovolt D/C Bhuj Banaskanta Transmission Line associated with Green Energy Corridors: Inter-State Transmission Scheme (ISTS) – Part C, along with contract for construction works of this line in the state of Gujarat. The total value of this contract is Rs 136.26 crore, and the project completion period is 23 months from the date of issue of the LOA. IL&FS Engineering Services is the lead partner for this contract. This contract has been won under ICB bidding process, and project is funded under KWU loan. The announcement was made on Saturday, 20 August 2016.

TVS Srichakra’s net profit fell 6% to Rs 46.51 crore on 8.4% growth in net sales to Rs 507.99 crore in Q1 June 2016 over Q1 June 2015. The announcement was made on Saturday, 20 August 2016.