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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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Amines & Plasticizers standalone net profit rises 71.36% in the December 2016 quarter
Feb 14,2017

Net profit of Amines & Plasticizers rose 71.36% to Rs 3.41 crore in the quarter ended December 2016 as against Rs 1.99 crore during the previous quarter ended December 2015. Sales rose 3.49% to Rs 63.73 crore in the quarter ended December 2016 as against Rs 61.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales63.7361.58 3 OPM %10.988.88 - PBDT5.803.55 63 PBT5.273.06 72 NP3.411.99 71

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Allied Digital Services reports consolidated net loss of Rs 5.56 crore in the December 2016 quarter
Feb 14,2017

Net loss of Allied Digital Services reported to Rs 5.56 crore in the quarter ended December 2016 as against net profit of Rs 2.12 crore during the previous quarter ended December 2015. Sales declined 25.88% to Rs 48.78 crore in the quarter ended December 2016 as against Rs 65.81 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales48.7865.81 -26 OPM %6.8517.16 - PBDT1.2311.71 -89 PBT-5.006.16 PL NP-5.562.12 PL

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Achal Investments standalone net profit declines 66.67% in the December 2016 quarter
Feb 14,2017

Net profit of Achal Investments declined 66.67% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.03 crore during the previous quarter ended December 2015. Sales declined 54.29% to Rs 0.16 crore in the quarter ended December 2016 as against Rs 0.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.160.35 -54 OPM %6.258.57 - PBDT0.010.03 -67 PBT0.010.03 -67 NP0.010.03 -67

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Tata Consultancy Services receives 15 Brandon Hall Group Awards
Feb 14,2017

Tata Consultancy Services has been awarded 15 Brandon Hall Group awards across five human categories at the Brandon Hall Groups HCM Excellence Awards 2016.

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Resonance Specialties enters into agreement with Tata Consultancy Services
Feb 14,2017

Resonance Specialties has entered into an agreement with Tata Consultancy Services (TCS), to avail its iON manufacturing Solution.

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Board of Centum Electronics approves allotment of shares under ESOP
Feb 14,2017

Centum Electronics announced that the Board of Directors of the company at its meeting held on 14 February 2017 have considered and approved the below:

1. Allotment of 6,542 equity shares to the employees pursuant to exercise of stock options granted to them under Centum ESOP 2007 & ESOP 2013 Plan.

The employees as listed in the enclosed have been allotted the shares and disclosure is being made in compliance with regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations and other applicable laws including Takeover Code.

2. Declaration of Interim dividend at Rs. 2/- per share on the paid up share capital of the Company. The dividend will be paid on 27 February 2017.

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Board of REC approves sale of shares of NER II Transmission held by REC Transmission Projects Company
Feb 14,2017

Rural Electrification Corporation announced that subject to approval of the Ministry of Power, Government of India, the Board of Directors of Rural Electrification Corporation (REC) in its meeting held on 14 February 2017 has approved the proposal of sale and transfer of 50,000 Equity shares of NER II Transmission held by REC Transmission Projects Company (a wholly owned subsidiary of REC) to Sterlite Grid 4.

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Fitch: Number of AAA-Rated Countries Lowest Since 2003
Feb 14,2017

The number of Fitch-rated sovereigns with AAA ratings is at its lowest level since 2003 and is expected to remain unchanged over the next two years, says Fitch Ratings.

Eleven countries have AAA status, compared with an all-time high of 16 during 2004 to 2009, reflecting the longer term impact of the global financial crisis.

This is less than 10% of Fitchs global sovereign portfolio, the smallest ever share for the rating category, and consistent with AAA sovereigns now accounting for 40% of global government debt at end-2016, down from 48% a decade ago, said James McCormack, Global Head of Sovereign Ratings at Fitch.

All Fitchs AAA sovereigns have a Stable Outlook, suggesting we do not anticipate downgrades in the coming 12 to 24 months. Furthermore, no AA+ rated sovereign has a Positive Outlook, suggesting upgrades to AAA are unlikely over the same time-frame.

Japan was the first sovereign to lose its AAA rating in 1998, followed by another six in the aftermath of the global financial crisis over the seven years since 2009. These are: Austria (AA+/Stable), Finland (AA+/Stable), France (AA/Stable), Ireland (A/Stable), Spain (BBB+/Stable) and the UK (AA/Negative).

Australia is the only sovereign to have been upgraded to AAA in the last decade, in November 2011. No former AAA sovereign has ever regained its AAA status, although we have upgraded Spain and Ireland from their post-crisis lows.

AAA remains our most stable rating. Fitchs latest transition and default study shows the average annual transition rate for AAA sovereigns over the past 20 years was 2.5%, or that 97.5% of sovereigns that start the year at AAA remain there over the next 12 months, added McCormack.

Fitchs AAA sovereigns are: Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland and the United States.

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Emmsons International appoints company secretary
Feb 14,2017

Emmsons International announced that Sandhya Kedia, Company Secretary, has been appointed as the Company Secretary and Compliance Officer of the Company with effect from 01 February 2017.

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Sujana Towers renamed as Neueon Towers
Feb 14,2017

Sujana Towers announced that the Company changed its name from SUJANA TOWERS to NEUEON TOWERS, the same has been approved by the both Stock Exchanges where the Shares of the Company are listed i.e. BSE and National Stock Exchange of India vide Notice dt. 13 February 2017 (BSE) and vide dt. 13 February 2017 (NSE) with effect from 17 February 2017 (Both Exchanges) respectively.

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Gujarat Natural Resources appoints director
Feb 14,2017

Gujarat Natural Resources announced that Paval Makani has been appointed as additional, Independent Non-Executive, Director of the Company with effect from 14 February 2017.

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Eldeco Housing & Industries fixes record date for interim dividend
Feb 14,2017

Eldeco Housing & Industries has fixed 24 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Websol Energy System provides financial update
Feb 14,2017

Websol Energy System announced that the Company at its meeting held 14 February 2017 has recorded the NOC received from EXIM bank and ICICI Bank for the amount paid pursuant to OTS arrived with both the banks.

The Company has entered into one time settlement with HDFC Bank, Standard Chartered Bank and ARCIL. Payments have already been started from the schedule date. Last instalment falls due on or before 31 March 2017 of HDFC Bank and Standard Chartered Bank. Payment to ARCIL falls due on or before 30 April 2017.

Allahabad bank has assigned their entire loan to Invent ARC. Subsequently company has entered into one time settlement with Invent ARC. Their last instalment falls due on 30 June 2021.

Further, the Company is in discussion with its other two lenders for settlement of their debts.

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Sinner Energy India announces change in CFO
Feb 14,2017

Sinner Energy India announced that the Board of Directors of the Company has taken on record resignation of Kavita Purandare from post of CFO and appointed Mahesh Raut, MD as CFO of the Company.

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Board of Nitco accepts resignation of director
Feb 14,2017

Nitco announced that the Board of directors of the Company at their meeting held on 14 February 2017 has approved the Resignation Letter received from Rohan Talwar, Non- executive Non-Independent Director of the Company who has expressed his desire to resign from the services of the Company due to his pre-occupation with Hospitality business overseas. The board accepted the letter with immediate effect and wished him luck for his future endeavours.

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