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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Hong Kong Stocks join global sell-off
Aug 18,2017

The Hong Kong stock market finished softer on Friday, 18 August 2017, as risk sentiments dampened on worries about political turmoil in the US and a terrorist attack in Spain. The Hang Seng Index lost 1.08%, or 296.65 points, to 27,047.57 while the H-shares index declined 1.00%, or 107.77 points, to 10,693.65 points. Turnover stood at HK$84.48 billion.

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China Market closed steady
Aug 18,2017

The Mainland China equity market ended virtually flat on Friday, 18 August 2017, with investor optimism over strong corporate earnings and economic fundamentals offsetting some pressure to take profits from recent gains. The benchmark Shanghai Composite Index ended 0.01% higher, or 0.29 points, at 3,268.72, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dipped 0.37%, or 7.13 points, to 1,902.25. The blue-chip CSI300 index tacked on 0.1%, to 3,725.09 points. The blue-chip CSI300 index tacked on 0.1%, to 3,725.09 points, while the Shanghai Composite Index was unchanged at 3,269.24 points.

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Nikkei extends losing streak on US political woes, Spain terror attack
Aug 18,2017

The Japan share market finished down for third second session on Friday, 18 August 2017, amid risk aversion selloff on following sharp falls in New York overnight on rising concerns over the fate of US President Donald Trumps economic agenda and fatal terrorist attack in Barcelona, Spain. With the exception of the marine transportation and food sector, all industry categories closed in negative territory, with iron and steel, insurance and nonferrous metal-linked stocks comprising the days biggest decliners. The Nikkei 225 average fell 232.22 points, or 1.18%, to 19,470.41, its lowest finish since May 2. The Topix, including all first-section issues, closed down 17.46 points, or 1.08%, at 1,597.36. Falling issues far outnumbered rising ones 1,672 to 279 in the TSEs first section, while 72 issues were unchanged. Volume rose to 1.671 billion shares from 1.436 billion shares on Thursday.

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Australia Stocks stuck in the red
Aug 18,2017

Australian equity market finished down for second straight session on Friday, 18 August 2017, amid broadbased losses following hefty declines on Wall Street overnight on political uncertainty and the Barcelona terror attack. The S&P/ASX 200 index fell 0.6 percent or 32.11 points to 5,747.1 at the close of trade.

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Minister of Railways Shri Suresh Prabhakar Prabhu Inaugurates/ Dedicates Various Initiatives pertaining to State of Karnataka
Aug 18,2017

In order to make the rail journey more comfortable and remarkable, Indian Railways has been launching various services and projects. In this direction, Minister of Railways Shri Suresh Prabhakar Prabhu Dedicated/ Inaugurated following initiatives pertaining to Karnataka: -

1. Commencement of work of Hotgi-Kudgi-Gadag Doubling.

2. Commencement of work of Gadag-Wadi New Line.

3. Dedication to the Nation-Doubling of Tinaighat-Londa-Shivthan Section in Hospet-Tinaighat-Vasco Doubling.

4. Dedication to the Nation-Doubling of Banapur-Koppal in Hospet-tinaighat-Vasco Doubling.

5. Construction of new station building & extension of platform shelter at Chikkodi Road station.

6. Extension of platform shelter at Rayabag station.

7. Provision of Platform shelter on Platform no. 2 at Gadag station.

8. Construction of new Platform 2 & 3 at Koppal station.

9. VIP Lounge at Shivamogga Town station.

10. 500 Kwp Solar Roof Top System at Mysuru Work Shop.

11. Provision of water conservation & recycling plant at Mysuru station.

12. Dedication of Foot Over Bridge at Holenarasipura station.

13. New DEMU Service between Baiyappanahalli-Whitefild-Baiyappanahalli.

14. Commencement of work of ROB at LC 438 at Rayabag.

15. Laying of foundation stone for Bye-pass lines at Wadi.

16. Commissioning of Rail Bogie Karkhana, Yadgir (RVNL).

17. Laying of foundation stone for doubling between Nethravathi and Mangalore Central stations (at Mangalore Central Railway Station).

18. Laying of foundation stone for new FOB at Mangalore Central station (at Mangalore Central Railway Station).

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said, n++n++Karnataka is an important state for Indian Railways, we have allocated highest ever funds in the Budget for developing Railway Infrastructure in Karnataka. Indian Railways have formed JV with the State Government of Karnataka. Indian Railways is in transformation mode, Indian Railways have been focusing on improving Rail Infrastructure & passenger amenities like never before. Cleanliness & Make in India programmes have been successfully implemented in Indian Railways. High Speed Railway network is being worked upon Indian Railways. Soon, Indian Railways is working on the project to operate trains at 200 Kmph on trunk routes like Delhi- Mumbai, Delhi- Kolkata.

Salient Features of Projects launched

1. Commencement of work of Hotgi-Kudgi-Gadag Doubling.

At present, Hotgi-Kudgi-Gadag route is a single line rail link between Guntakal-Pune-Mumbai and Hospet-Hubli-Goa rail routes.

A number of Integrated Steel Plants/Power Plants/Cement Plants are coming up along the Hotgi-Kudgi-Gadag route. This doubling work will provide the necessary line capacity for introduction of additional trains and smooth movement of rakes to/from the industries/power plants.

Part length for this Doubling project, i.e. from Hotgi-Kudgi (134 km) has been taken up under n++n++Customer Funding Modeln++n++ with National Thermal Power Corporation Limited (NTPC). NTPC is setting up the Thermal Plant at Kudgi station of 4000 MW capacity.

2. Commencement of work of Gadag-Wadi New Line.

The new rail line would provide a direct shorter route for the people of the area in Gadag, Koppal, Raichur and Gulbarga areas of Karnataka.

Proposed route will shorten the distance between Gadag and Secunderabad by 150 km.

Project is 50:50 Cost Sharing basis with Government of Karnataka (GoK) and land free of cost by GoK.

3. Dedication to the Nation-Doubling of Tinaighat-Londa-Shivthan & Banapur-Koppal of Hospet-tinaighat-Vasco Doubling.

The Railway line passes through Bellary, Koppal, Gadag, Dharwad, Belgaum and Uttara Kannada districts of Karnataka State. Bellary-Hospet region in Karnataka is the heart of Iron ore industry in the country. Iron ore from this region is transported to Chennai and Goa ports for export.

The doubling of railway track is also necessary to move imported coal from Marmagao Port to the Steel industries and upcoming Thermal Power Plants in Jevargi In Gulbarga District, Thermal Expansion Phase-2 in Bellary Dist. in North Karnataka.

In this Project, 28.75 km doublings have been commissioned and being dedicated to Nation.

4. Construction of new station building & extension of platform shelter at Chikkodi Road station.

A new station building with built up area of 275 Sq. Meter has been constructed at Chikkoddi Road Station. Improvement to circulating area is done by providing paver blocks for area of 500 Sq.M. to improve the aesthetics of this station.

For convenience of passengers, platform at Chikkodi Road railway station has been extended by 320 meter with cement concrete flooring. New platform shelter has been provided for a length of 64 meter with seating arrangements. Above amenities towards improvements of Chikkodi Road Station were taken up at a cost of Rs. 15 Lakhs

5. Extension of platform shelter at Rayabag station.

6. Provision of Platform shelter on Platform no. 2 at Gadag station.

7. Construction of new Platform 2 & 3 at Koppal station.

Along with the doubling of Hosapete- Tinaighat railway line, Koppal railway station was provided with an additional platform No. 2/3.

This is a high level island platform having length of 540 meters which has been constructed within a time span of 2 months, and at a cost of Rs.60 lakhs.

8. VIP Lounge at Shivamogga Town station.

Shivamogga town is an important A category station of Mysore Division which attracts large number of tourists in the Malnad area of Karnataka. This station has been further upgraded by providing majestic VIP lounge. The VIP lounge is provided with proper ambience with granite flooring and cladding, air-conditioned seating arrangement with Sofa set, Luggage rack and improved bath-cum toilet facilities with hot and cold water. This facility to a great extent will grant better waiting experience to the travelling passengers visiting Shivamogga station.

9. 500 Kwp Solar Roof Top System at Mysuru Work Shop.

10. Provision of water conservation & recycling plant at Mysuru station.

The water consumption at Mysuru junction is quite high. The demand of water is being arranged through Municipal Corporation with hefty payment to the tune of Rs.18.00 Lakhs per month (Rs 2.16 crores per annum).

It is proposed to set up one water Recycling Plant of 4.00lakh liters capacity for using recycled water, which will have environmental benefit as well as economy by bringing down the reduction in the water bills.

11. Dedication of Foot Over Bridge at Holenarasipura station.

Holenarasipura is important D category station of Mysuru Division which is a famous for an important ancient Narasimha Temple dedicated to Lord Narasimha and river Hemavati, one of the many tributaries of the Kaveri.

Being the important tourist destination, the station was identified for upgradation as Adarsh station during year 2015-16. The important Passenger Amenity works to the tune of Rs.2.85 crores are added to upgrade the station as per norms of Adarsh station.

The work has been completed in stages and foot over bridge has been completed in the month July-17. After commissioning of foot over bridge at Holenarasipura, will have all required facilities as per Adarsh station norms.

12. New DEMU Service between Baiyappanahalli-Whitefild-Baiyappanahalli.

13. Commencement of work of ROB at LC 438 at Rayabag.

14. Laying of foundation stone for Bye-pass lines at Wadi.

Wadi station is strategically located at the junction of 3 Divisions CSholapur, Guntakal & SC Division . Though bye-pass exists towards Secunderabad(SC) from Guntkal(GTL), yet, heavy detentions occur due to interlocking arrangements and large no. of cross movements.

The proposed Bye-pass betw

Decorous Investment And Trading Co schedules AGM
Aug 18,2017

Decorous Investment And Trading Co announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2017.

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COSYN to hold AGM
Aug 18,2017

COSYN announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2017.

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JLA Infraville Shoppers to convene AGM
Aug 18,2017

JLA Infraville Shoppers announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2017.

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Ecoplast to hold AGM
Aug 18,2017

Ecoplast announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2017.

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Bedmutha Industries to hold AGM
Aug 18,2017

Bedmutha Industries announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2017.

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Bank of India EGM scheduled
Aug 18,2017

Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 October 2017 .

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Gaekwar Mills to hold AGM
Aug 18,2017

Gaekwar Mills announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2017.

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Budge Budge Company schedules board meeting
Aug 18,2017

Budge Budge Company will hold a meeting of the Board of Directors of the Company on 19 August 2017.

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Urja Global to conduct AGM
Aug 18,2017

Urja Global announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2017.

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Varun Beverages spurts after bulk deal
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 255.59 points or 0.8% to settle at 31,539.87.

Bulk deal boosted volume on the scrip. On the BSE, 5.36 lakh shares were traded on the counter so far as against the average daily volumes of 19,866 shares in the past one quarter. The stock had hit a high of Rs 550 and a low of Rs 512.30 so far during the day. The stock had hit a record high of Rs 569.65 on 7 July 2017. The stock had hit a record low of Rs 341.25 on 14 March 2017.

The mid-cap company has equity capital of Rs 182.51 crore. Face value per share is Rs 10.

On a consolidated basis, Varun Beverages net profit rose 21.32% to Rs 245.58 crore on 1.58% fall in net sales to Rs 1626.31 crore in Q2 June 2017 over Q2 June 2016.

Varun Beverages is one of the largest franchisee in the world (outside USA) of carbonated soft drinks (CSD) and noncarbonated beverages (NCB) sold under trademarks owned by PepsiCo. It produces and distributes a wide range of CSD as well as a large selection of NCB including packaged drinking water.

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