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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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N2N Technologies to hold board meeting
Feb 10,2017

N2N Technologies will hold a meeting of the Board of Directors of the Company on 16 February 2017.

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Jaipan Industries to hold board meeting
Feb 10,2017

Jaipan Industries will hold a meeting of the Board of Directors of the Company on 14 February 2017.

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K.P. Energy provides update on wind power project at Mahuva site in Gujarat
Feb 10,2017

K.P. Energy announced that for establishment of Power infrastructure for wind power project at Mahuva Site at district Bhavnagar, Gujarat, as decided by the board of directors of the company at their meeting held on 28 January 2017, project specific Special purpose vehicle (SPV) in name of MAHUVA POWER INFRA LLP (LLP Identification Number: AAI-5146) has been incorporated with effect from 09 February 2017.

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Bata India slips after weak Q3 results
Feb 10,2017

The result was announced after market hours yesterday, 9 February 2017.

Meanwhile, the BSE Sensex was up 17.72 points, or 0.06%, to 28,347.42.

On the BSE, so far 74,000 shares were traded in the counter, compared with average daily volumes of 47,728 shares in the past one quarter. The stock had hit a high of Rs 513 and a low of Rs 487.60 so far during the day.

The stock hit a 52-week high of Rs 613.55 on 1 August 2016. The stock hit a 52-week low of Rs 400 on 25 November 2016.

The mid-cap company has equity capital of Rs 64.26 crore. Face value per share is Rs 5.

Bata Indias profit before exceptional item and tax rose 16% to Rs 77.90 crore on 2% increase in net sales to Rs 640.80 crore in Q3 December 2016 over Q3 December 2015.

The quarter focused on strengthening its omni-channel presence and a wider range of products for the contemporary and young consumers through its premium collections.

Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands like Bata, Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, Bata Comfit and Bubblegummers, etc.

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ITI slumps after reverse turnaround in Q3
Feb 10,2017

The result was announced after market hours yesterday, 9 February 2017.

Meanwhile, the S&P BSE Sensex was up 24.67 points or 0.09% at 28,354.37

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 2.62 lakh shares in the past one quarter. The stock hit a high of Rs 48 and a low of Rs 46.20 so far during the day. The stock had hit a 52-week high of Rs 54.45 on 13 December 2016. The stock had hit a 52-week low of Rs 22.70 on 1 March 2016.

The small-cap company has equity capital of Rs 480 crore. Face value per share is Rs 10.

ITIs total income fell 29.5% to Rs 250.43 crore in Q3 December 2016 over Q3 December 2015.

Seperately, ITI said that the board of directors of the company has considered and approved issue and allotment of 8 crore equity shares of Rs 10 each at par amounting to Rs 80 crore to President of India. The allotment of equity shares is made pursuant to BIFR order dated 8 January 2013, sanctioning the revival scheme of the company. The announcement was made after market hours yesterday, 9 February 2017.

ITI offers a complete range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

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Aurobindo Pharma announces change in directorate
Feb 10,2017

Aurobindo Pharma announced that the following changes in the Board of Directors of the Company:

1. Dr. D. Rajagopala Reddy has submitted his resignation as Independent Director of the Company. The Board of Directors of the Company at its meeting held on 09 February 2017 has noted and taken on record his resignation with effect from 10 February 2017.

2. The Board of Directors of the Company at its meeting held on 09 February 2017 has appointed Rangaswamy Rathakrishnan Iyer as an Additional Independent Director of the Company with effect from 09 February 2017.

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Torrent Power declines after weak Q3 results
Feb 10,2017

The result was announced after market hours yesterday, 9 February 2017.

Meanwhile, the S&P BSE Sensex was up 27.77 points, or 0.1%, to 28,357.47.

On the BSE, 1.57 lakh shares were traded on the counter so far as against the average daily volumes of 99,244 shares in the past one quarter. The stock had hit a high of Rs 201 and a low of Rs 193.85 so far during the day.

The stock had hit a 52-week high of Rs 252.50 on 11 March 2016 and a 52-week low of Rs 159 on 3 August 2016.

The large-cap company has equity capital of Rs 480.62 crore. Face value per share is Rs 10.

Torrent Power is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.

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Quick Heal Technologies to collaborate with Universities to offer programs in cybersecurity
Feb 10,2017

Quick Heal Academy, a division of Quick Heal Technologies, has signed a MoU with Savitribai Phule Pune University, Institute of Forensic Science, Gujarat Forensic Science University and Chitkara University, Punjab. As per the MoU, Quick Heal Academy will collaborate with the Universities to design and offer degree programs for under graduates and graduated in the field of Cybersecurity.

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Rs 133.90 Crore Spent By All Major Ports Under Swachh Bharat Abhiyan
Feb 10,2017

Under the Green Port Initiative, the Ministry has identified 12 activities to make the Major Ports more clean and green from the environment perspective. These initiatives include preparation of Environment Management & Monitoring Plan (EMMP), provision of equipment to monitor environmental pollution, acquiring dust suppression system, setting up of sewage and waste water treatment plants and garbage disposal plants, setting up projects for energy generation from renewable energy sources, make up any shortfall of Tier-I Oil Spill Response facilities, control of sea garbage, improve quality of harbor waters etc. Major ports have taken up preparation of EMMP, acquisition of equipment required for monitoring of environmental pollution including monitoring of Air water and Noise quality, Tree Plantation drives, Rainwater harvesting, Beautification of Parks, Installation of Mechanical Dust Suppression System (MDSS), improved collection and disposal of sludge from the ships and Ballast Water Management, procurement of Fog Cannons, Mist Machines and mechanised road sweeping machines, promoted usage of Bio-Diesel, set up Bio-Gas plants and sewage/waste water treatment plants/garbage disposal plants; solar and wind power plants. A total amount of Rs.133.90 Crore has been incurred by all Major Ports for executing such projects during 2014 - 2016. Under Swachh Bharat Abhiyan 22 action points have been taken up by all the Major Ports to maintain cleanliness at the Major Ports.

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Sail drops after reporting weak Q3 earnings
Feb 10,2017

Total income rose 25.56% to Rs 11368.15 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Meanwhile, the BSE Sensex was up 49.11 points, or 0.17%, to 28,378.81

On the BSE, 1.61 lakh shares were traded in the counter so far, compared with an average volume of 7.47 lakh shares in the past one quarter. The stock had hit a high of Rs 66.25 and a low of Rs 64.80 so far during the day. The stock hit a 52-week high of Rs 68.15 on 8 February 2017. The stock hit a 52-week low of Rs 33.50 on 12 February 2016.

The large-cap company has an equity capital of Rs 4130.53 crore. Face value per share is Rs 10.

Sail is a PSU steel manufacturing company. The Government of India held 75% stake in Sail (as per the shareholding pattern as on 31 December 2016).

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Aurobindo Pharma acquires four products from TL Biopharmaceutical AG
Feb 10,2017

Aurobindo Pharma announced that the Company has acquired four cell culture derived biosimilar products from TL Biopharmaceutical AG. As part of this agreement, TL will supply all the developmental data for four molecules and Aurobindo and/or its affiliates will develop, commercialize and market these products globally. The branded market size of these four biosimilars, three of them monoclonal antibodies in oncology is very promising. Regulatory filing for these products is intended in the period2020-22.

Aurobindo is preparing to take its lead molecule from this transaction, a Bevacizumab biosimilar, for clinical trials in 2017. Bevacizumab is an anti-antiogenesis drug used in treating multiple-cancers including metastatic colon or rectal cancer, non-squamous and non-small cell lung cancers.

This transaction is a strategic investment for future growth and will position Aurobindo as a strong player in the rapidly evolving biosimilars landscape. Building on these first four products licensed from TL, Aurobindo is expanding its diverse portfolio of eight more next wave of biosimilars ensuring a strong and diverse products pipeline. Aurobindo has set up a fully functional R&D center for biologics development and is also establishing a state-of-art manufacturing facility in Hyderabad, Telangana which would be ready by Q2, FY 18.

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Bharat Petroleum Corporation announces appointment of director
Feb 10,2017

Bharat Petroleum Corporation announced that pursuant to the communication by Ministry of Petroleum & Natural Gas, Govt. of India, vide letter dated 31 January 2017, the Board of Directors has appointed Vishal Vinod Sharma as Independent Director of the Company with effect from 09 February 2017 for a period of three years or until further orders, whichever is earlier.

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Power Grid Corporation of India to pay interim dividend
Feb 10,2017

Power Grid Corporation of India announced that Interim Dividend of 10% shall be paid on 02 March 2017.

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India-UK Deal to Allow More Flights to Boost Tourism and Trade for Global India & Britain
Feb 10,2017

India and the UK signed a MoU to ease restrictions on the number of scheduled flights between the two countries, following successful talks in India this week. Limits on flights from key Indian cities including Chennai and Kolkata have been scrapped, allowing for a greater range of flights for passengers while providing a boost to trade and tourism for the UK and India. Building new links with important trading partners is a key part of the governments plans for a Global Britain, opening up new export markets and creating jobs and economic growth. The agreement also opened all destinations in the UK for Indian carriers for code share flights, and reciprocally the UK carriers can also operate code share flights to any International Airport in India, through domestic code share arrangements.

The agreement was formally signed by Minister of Civil Aviation, Shri Pusapati Ashok Gajapathi Raju, on behalf of India and Lord Ahmad of U.K. during a visit to India where he led a delegation of British companies for the 2017 CAPA India Aviation Summit.

Indian Civil Aviation Minister Pusapati Ashok Gajapathi Raju, said n++The increase in number of flights between the UK and India is encouraging news for our businesses and tourists. We already enjoy strong ties with the UK and we welcome such continued association which in the long run will not only encourage business activity, but also people-to-people contact. I am sure that this agreement will bring direct and indirect benefits to many sectors of the economies of our two countriesn++.

Tourism from India makes an important contribution to the UK economy. In 2015, there were 422,000 visits from India to the UK, bringing more than n++433 million to the economy.

Aviation Minister of U.K., Lord Ahmad said: n++India is one of our closest allies and key trading partners and this new agreement will only serve to strengthen this crucial relationship. We are unlocking new trade and tourism opportunities which will boost our economies, create new jobs and open up new business links. This is great news for both the UK and India and is yet another sign that we are open for business and ready to build and strengthen our trade links.n++

India is a rapidly expanding and important market for aviation and the agreement signed today will allow airlines to develop new services and air routes. The final decision on additional flights between the UK and India is a commercial one for airlines.

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Board of Kisan Mouldings decides to enter polymer trading and related activities
Feb 10,2017

Kisan Mouldings announced that the Board of Directors of the Company at its meeting held on 09 February 2017 approved the following -

Resignation of Vijay Aggarwal from Directorship of the Company with effect from 09 February 2017.

To enter into polymer trading and related activities and acquire controlling stake in Inclination Trade & Commerce, making it a wholly owned subsidiary of the Company for the said activities.

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