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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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Bharti Airtel offers free data for 12 months on 4G network
Jan 03,2017

Bharti Airtel announced a special offer under which, it will offer free data for 12 months, worth up to Rs 9000, to customers who switch to Airtel 4G. With this, customers can now experience Indias fastest 4G network at great prices.

The 12 months offer is available to any customer with a 4G mobile handset that is currently not on the Airtel network. Any customer, including existing Airtel customers, upgrading to a new 4G handset can also avail this offer.

This offer will be available to customer across India starting tomorrow and will close on 28 February 2017.

Customers will get free 3GB data every month till December 31, 2017 with select Prepaid and Postpaid packs under this offer. This free data benefit will be over and above the pack/plan benefits.

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Ramkrishna Forgings gets Certificate of Registration for R&D units
Jan 03,2017

Ramkrishna Forgings has been granted Certificate of Registration to its in-House R & D unit(s) of its Plant located at Village Baliguma, P.O. Kolabera, Thana: Saraikela, Dist: Saraikela Kharswan, Jamshedpur, Jharkhand, by the Ministry of Science and Technology, Govt. of India and the same is valid till 31 March 2019.

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Master Chemicals appoints CFO
Jan 03,2017

Master Chemicals announced that Subash Raju Kanumuri has been appointed as the Chief Financial Officer (CFO) of the Company by the Board of Directors at their meeting held on 12 November 2016 with immediate effect.

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Indiabulls Housing Finance revises home loan rates
Jan 03,2017

Indiabulls Housing Finance has revised home loan rate of 8.65%, a reduction of 45 basis points for its customers, effective 03 January 2017.

The new interest rates for Indiabulls Home Loans will be -

Up to Rs 75 lakhs - 8.65% (for women) & 8.70% (for others)
From Rs 75 lakh to Rs 3 crore - 8.70% (for women) & 8.75% (for others)
Rs 3 crore to Rs 5 crore - 8.80% (for women) & 8.85% (for others)

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Corporation Bank announces MCLR rates
Jan 03,2017

Corporation Bank has fixed tenor based Marginal Cost of Funds Based Lending Rate, for all new loans and advances including renewals with effect from 02 January 2017.

Overnight - 8.35%
One month - 8.35%
Three month - 8.40%
Six month - 8.65%
One year - 8.75%.

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PNC Infratech provides update on subsidiary
Jan 03,2017

PNC Infratech announced that its subsidiary MP Highways has received upgradation in credit ratings for bank facilities from Credit Analysis & Research (CARE).

Long term bank facilities (Rs 215.70 crore) - CARE A- (Revised from CARE BBB+)

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ICICI Bank allots equity shares
Jan 03,2017

ICICI Bank has allotted 131,200 equity shares of face value of Rs. 2/- each on 03 January 2017 under the Employees Stock Option Scheme, 2000 (ESOS).

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ITC announces cessation of director
Jan 03,2017

ITC announced that A. Baijal, in terms of his letter dated 30 December 2016, has ceased to be a Director of the Company with effect from 30 December 2016, consequent to his appointment as Lt. Governor, Delhi.

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Engineers India allots equity shares
Jan 03,2017

Engineers India announced that the Committee of the Board of Directors - Bonus Issue of the Company in its meeting held on 03 January 2017, has approved the issue and allotment of 33,69,36,600 Bonus Equity Shares in the ratio of 1:1 (i.e. 1 (one) new equity bonus share of Rs. 5/- each for every 1 (one) existing fully paid equity share of Rs. 5/- each held) to the existing shareholders of the Company holding shares at the close of business hours on the Record date i.e. 02 January 2017.

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Bank of India revises MCLR rates
Jan 03,2017

Bank of India has revised the Marginal Cost of Funds Based Lending Rate (MCLRs) rates with effect from 07 January 2016 -

Overnight - 8.10%
One month - 8.25%
Three month - 8.30%
Six month - 8.40%
One year - 8.50%

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Equitas Holdings provides update on scheme of amalgamation
Jan 03,2017

Equitas Holdings announced about receipt of Court approval for the Scheme of Amalgamation of Equitas Micro Finance (EMFL) and Equitas Housing Finance (EHFL) with Equitas Finance and receipt of Court approval for dissolution of EMFL and EHFL, respectively. The Company has filed the certified copy of the Order dated 02 December 2016 (Certified Copy of Order received on 22 December 2016) approving dissolution of EMFL and EHFL with Registrar of Companies. Subsequently, the said dissolution was approved and taken on record by the Registrar of Companies on 03 January 2017.

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Oudh Sugar Mills gets upgradation in ratings for bank facilities
Jan 03,2017

Oudh Sugar Mills announced that the Credit Analysis & Research has upgraded & assigned CARE BBB- (Triple B Minus) rating to Long-term Bank facilities from Banks so accepted by the Company.

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LPG customers to now get a discount for on-line payment of LPG refill
Jan 03,2017

Oil Marketing Companies, viz IndianOil, BPCL & HPCL are now offering an upfront discount of Rs 5/- on every LPG refill to all LPG customers who will book and pay for their LPG cylinders online. Customers can make payment through existing online modes i.e net banking, credit & debit cards at the time of web-booking their refills.

Customers will get the discounted amount displayed on their screens - i.e. net amount i.e refill RSP minus (-) incentive amount of Rs.5/- which they need to pay for their refill transactions. The net discounted amount will also be shown on the cash memo accompanying the home-delivery of the LPG cylinder.

Under the aegis of Ministry of Petroleum & Natural Gas, it the endeavour of all Oil Marketing Companies aim to encourage consumers to increasingly shift to such payment modes through digital platforms to achieve the objective of no-cash or less-cash based transactions. The incentive will encourage more and more LPG consumers to go for cashless mode transactions.

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Upper Ganges Sugar & Industries gets upgradation in rating for bank facilities
Jan 03,2017

Upper Ganges Sugar & Industries announced that the Credit Analysis & Research has upgraded & assigned CARE BBB(Triple B) rating to Long-term Bank facilities from Banks so accepted by the Company.

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SEAMEC announces resignation of MD
Jan 03,2017

SEAMEC announced Captain C.J. Rodricks has resigned from the services of the Company as Managing Director. His resignation will take effect from the close of business hours on 31 March 2017.

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