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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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Loyal Equipments secures order worth Rs 1.46 crore
Feb 14,2017

Loyal Equipments has received an order from Burckhardt Compression Holding AG, Switzerland (through its Indian company n++Burckhardt Compression (India)) of worth Rs. 1.46 crore for supply of Process Skid Package & Pressure Vessels for Bharat Oman Refinery (BORL) under consultant of Engineers India (EIL).

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Silverpoint Infratech to hold EGM
Feb 14,2017

Silverpoint Infratech announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 March 2017 .

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Bella Casa Fashion & Retail to hold board meeting
Feb 14,2017

Bella Casa Fashion & Retail will hold a meeting of the Board of Directors of the Company on 20 February 2017, to consider and, if required, recommend to General Meeting regarding the issue of Equity shares on preferential basis.To authorise the Company Secretary to issue notice of Extra-Ordinary General Meeting to the Shareholders and making arrangement for voting facility for shareholders.

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WPI inflation jumps to 30-month high of 5.25% in January 2017
Feb 14,2017

The Wholesale Price Index (WPI)-based inflation accelerated further to 30-month high of 5.3% in January 2017 from 3.4% in December 2016. An increase in WPI inflation was mainly driven by higher inflation for fuel and power group, while inflation for primary articles and manufactured products group also moved up in January 2017.

Inflation of primary articles rose to 1.3% in January 2017 from 0.3% in December 2016. The inflation for manufactured products moved up to 4.0% in January 2017. The inflation for fuel items zoomed to 18.1% in January 2017 from 8.7% in December 2016.

As per major commodity group-wise, inflation rose for fruits, vegetables, milk, fish, poultry chicken, spices, fibres, oilseeds, flowers, metallic minerals, crude petroleum, coal, mineral oils, electricity, grain mill products, edible oils, textiles, chemical products and basic metals in January 2017. On the other hand, inflation of foodgrains, sugarcane, sugar, oilcakes, wood products, leather products, non-metallic mineral products, and transport equipment declined in January 2017.

Inflation of food items (food articles and food products) was flat at 2.8% in January 2017 from December 2016 level. Meanwhile, inflation of non-food items (all commodities excluding food items) moved up to 6.4% in January 2017 from 3.7% in December 2016.

Core inflation (manufactured products excluding foods products) accelerated to 2.7% in January 2017 from 2.1% in December 2016.

The contribution of primary articles to the overall inflation, at 5.25%, was 37 basis points (bps) in January 2017 compared with 08 bps in December 2016. The contribution of manufactured products was 226 bps compared with 206 bps, while that of fuel product group was 263 bps against 129 bps in December 2016.

The contribution of food items (food articles and food products) to inflation fell to 89 bps in 5.25% in January 2017 compared with 91 bps to 3.43% in December 2016. Meanwhile, the contribution of non-food items (all commodities excluding food items) was 436 bps in January 2017 compared with 250 bps in December 2016.

As per the revised data, the inflation figure for November 2016 was revised up to 3.4% compared with 3.2% reported provisionally.

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Board of Regency Ceramics approves change in directorate
Feb 14,2017

Regency Ceramics announced that the Board of Directors of the Company at its meeting held on 14 February 2017 took note of appointment of Y Vijaya Lakshmi, Independent Director with effect from 14 February 2017 and resignation of G Vijayavani, Director with effect from 14 February 2017.

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Viceroy Hotels appoints compliance officer
Feb 14,2017

Viceroy Hotels announced that Sonam Jaiswal, a qualified Company Secretary, has been appointed as the Compliance Officer of the Company with effect from 13 February 2017, as informed in the Outcome of Board Meeting dated 13 February 2017.

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Sterlite Technologies wins prestigious Aegis Graham Bell Award 2016
Feb 14,2017

Sterlite Technologies has won the prestigious Aegis Graham Bell Award 2016 for Innovation in Telecom Infra category. Sterlite Technologies received this award for its unique Wi-Fi and Enterprise Network Backhaul Solution using neutral fibre-to-the-x (FTTx) infrastructure.

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Repco Home Finance tops losers on BSEs A group
Feb 14,2017

Repco Home Finance slipped 7.36% at Rs 674.30. The stock topped the losers in A group. On the BSE, 20,000 shares were traded on the counter so far as against the average daily volumes of 9,168 shares in the past two weeks.

Shree Cement slipped 5.03% at Rs 15,105.60. The stock was the second biggest loser in A group. On the BSE, 574 shares were traded on the counter so far as against the average daily volumes of 4,808 shares in the past two weeks.

Hindustan Petroleum Corporation (HPCL) slipped 4.51% at Rs 552.10. The stock was the third biggest loser in A group. On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past two weeks.

NMDC slipped 4.06% at Rs 139.35. The stock was the fourth biggest loser in A group. On the BSE, 3.73 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past two weeks.

Unitech slipped 4.05% at Rs 5.92. The stock was the fifth biggest loser in A group. On the BSE, 73.24 lakh shares were traded on the counter so far as against the average daily volumes of 1.77 crore shares in the past two weeks.

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Board of IZMO approves preferential issue of shares
Feb 14,2017

The Board of Directors of IZMO at its meeting held on 13 February 2017 approved the proposal for 6 lakh preferential issue of equity share capital to Edelweiss ARC subject to approval of shareholders.

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Bharat Electronics to pay interim dividend
Feb 14,2017

Bharat Electronics announced that interim dividend of Rs. 3.00/- per share declared at the board meeting held on 27 January 2017 will be paid on 24 February 2017 to the eligible shareholders.

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Shreyas Shipping & Logistics signs MoA for sale of vessel
Feb 14,2017

Shreyas Shipping & Logistics has signed a Memorandum of Agreement (MOA) for sale of one of its container vessel M. V. SSL Trust.

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Techno Electric & Engineering Company fixes record date for buyback of shares
Feb 14,2017

Techno Electric & Engineering Company announced that the Buyback Committee, constituted by the Board of Directors of the Company has fixed 03 March 2017 as the Record Date for determining the Members of the Company who are eligible to participate in the Buyback.

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Sun Pharmaceutical Industries allots 20,993 equity shares
Feb 14,2017

Sun Pharmaceutical Industries announced that the Allotment Committee of Directors at its meeting held on 14 February 2017, allotted 20,993(Twenty Thousand Nine Hundred and Ninety Three) equity shares of the Company of Re. 1/- (Rupee One Only) each, on exercise of stock options under the Sun Employee Stock Option Scheme - 2015.

Accordingly, post the above allotment the paid-up equity share capital of the Company is Rs. 2,39,92,91,181 divided into 2,39,92,91,181 equity shares of Re 1 each.

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Canara Bank plans to divest upto 13.45% of stake held in Can Fin Homes
Feb 14,2017

Can Fin Homes announced that the promoter Bank, Canara Bank has decided to divest upto 13.45% of its stake in the Company to prospective investors.

Canara Bank has empaneled Merchant/ Investment Bankers for sourcing prospective investors and the last date for submission of the bid by prospective investors through Investment Bankers is scheduled on 01 March 2017.

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Rain Industries receives ratings for borrowing
Feb 14,2017

Rain Industries has received following credit ratings from India Ratings and Research for the borrowings of the Company -

Non fund based limits - IND A2+
External commercial borrowings - IND A-

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