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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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Filatex India receives revision in credit ratings
Jun 13,2017

Filatex India has received revision in credit ratings from CARE as under -

Long term bank facilities (Rs 482.66 crore) - CARE BBB+; Stable (Revised from CARE BBB)

Short term bank facilities (Rs 300 crore) - CARE A2 (Revised from A3+)

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Neuland Laboratories gets extension to hold AGM
Jun 13,2017

Neuland Laboratories has been granted approval for extension of time for holding its Annual General Meeting for the financial year 2016-17, till 31 December 2017, by the Registrar of Companies, Telangana & Andhra Pradesh.

The extension has been sought by the Company as it is in the process of the obtaining requisite approvals for the Scheme of Amalgamation and Arrangement between Neuland Laboratories (Transferee Company) and Neuland Health Sciences(First Transferor Company) and Neuland Pharma Research (Second Transferor Company) and their respective Shareholders and Creditors (Scheme), filed with the Honble National Company Law Tribunal and the timelines involved for the proposed merger.

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Noida Toll Bridge Company appoints director
Jun 13,2017

Noida Toll Bridge Company announced that the Board of Directors, by way of passing Resolution through Circulation on 12 June 2017, has approved appointment of Namita Pradhan as an Additional Non- Executive Director, on the Board of the Company.

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Akme Star Housing Finance receives sanction of cash credit facility
Jun 13,2017

Akme Star Housing Finance announced that it has received sanction letter dated 09 June 2017 from AU Small Finance Bank. The Bank has sanctioned Rs. 03.00 crore by way of Cash Credit Facility

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Unipro Technologies announces resignation of company secretary
Jun 13,2017

Unipro Technologies announced the resignation of Monika Bhutada , Company Secretary of the Company with immediate effect.

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Shri Suresh Prabhakar Prabhu, Minister of Railways, launches Mission Retro-Fitment to enhance the passenger experience.
Jun 13,2017

To enhance the passengers experience by upgrading existing fleet of coaches with better furnishing, aesthetics & amenities and better safety features with a view to provide a safe and comfortable travel, Minister of Railways Shri Suresh Prabhakar Prabhu has launched MISSION RETRO-FITMENT in Rail Bhavan today. Member Traffic, Railway Board, Mohd Jamshed, Member Rolling Stock, Railway Board, Shri Ravindra Gupta, Member Staff, Railway Board, Shri Pradeep Kumar were among those present on the occasion.

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said, Mission Retro-Fitment is an ambitious program to upgrade the level of furnishing & amenities in the coaches of Indian Railways. This is one of the largest  retro fitment project in the world as Indian Railways 40,000 coaches will be refurbished and retrofitted in the next five years. This Mission Retrofitment is an endeavour to provide better travel experience as the interiors of the coaches would be refurbished & the retrofitment of Center Buffer Coupler with balanced draft gear would add more to safety of the passengers. By 2020, Indian Railways would provide a new travel experience to the passenger over Indian Railways. This mission is challenging as it will be carried out without affecting the traffic operation. On the occasion, MR Shri Suresh Prabhakar Prabhu also released a booklet giving parameters & guidelines on this mega exercise of retrofitment and refurbishment.


Refurbishing : Upgradation of Coaches with Improved Interiors

●         It has been planned to induct about 40,000 coaches with upgraded interiors by 2022-23.

●       RSP sanction for refurbishing of 6,700 coaches are already available.

●        Approximate Cost : Rs.30 lacs per coach.

YearNo. of Coaches2017-181,0002018-193,0002019-205,0002020-215,5002021-225,5002022-235,000New manufacture with upgraded interiors  (18-19 to 22-23)15,000Total40,000


Existing RSP Sanctions

●       700 Coaches : Allotted to ZRs/PUs (Western Central Railways -411, Integral Coach Factory (ICF)-189, Central Railway-75, Rail Coach Factory Kapurthala-25); these are under different stages of tendering and execution.

●       57 coaches have been refurbished by Coach Rehabilitation Workshop/ Bhopal.

●       Refurbished Coaches are running in Varanasi - New Delhi Mahamana Express since 22.01.2016.

●       6,000 Coaches :

●       Tender by ICF :3,000

●       Tender by COFMOW :2,000

●       Tender by WCR :1,000

●       Total 6,700 Coaches.

 Additional sanctions under RSP shall be sought in due course.

            Refurbishing - Salient Points

n++         World class ambience

Panels without visible screws, LED Lights,

Modular toilets with concealed plumbing, Branded fittings, Powered venetian blinds, Anti-Graffiti coating, etc.

n++         Enhanced Passenger Safety

Fire and Smoke Detection System (in newly manufactured AC coaches),

Double acting compartment door (in AC coaches), Rounded edges at most locations for injury-free, etc.

n++         Caring for the Environment

Bio toilets

n++         Use of better materials

Such as Polycarbonate ABS, Advanced Composites, Glass Fibre Reinforced Plastic, GFRE, Stainless Steel, etc.

 n++         Enhanced Passenger convenience

Passenger Address & Passenger Information System, Braille Signage, Ergonomic design, increased number of mobile / laptop charging points, etc.

Retro-fitment of Centre Buffer Coupler (CBC) with Balanced Draft Gear

●       Board has approved the Retro-fitment of about 32,000 Integral Coach Factory coaches (having a minimum residual life of 10 years), with CBC & Balanced Draft Gear.

●       Sanction under Rolling Stock Programme (RSP) for retrofitment in 16,000 coaches has been obtained vide Pink Book Item No. 1254/17-18.

●       Approximate Cost : Rs.28 lacs per coach.

●       Additional Sanctions under RSP shall be obtained in due course.

●       The work is targeted for completion by 2022-23.

YearNo. of Coaches2017-182,0002018-195,0002019-205,5002020-217,0002021-227,0002022-235,500Total32,000



●       In Mid life Rehabilitation (MLR) and Periodic Overhaul (POH) Workshops.

●       24 coaches already retrofitted have been running in Train No.15120/19 Manduadih - Rameswaram Express since 23.04.2017.

●       Work likely to commence in a regular manner from October17 after CBC with Balanced Draft Gear is made available.

Through Contract :

●       In Rly. Premises : COFMOW has invited Tenders for 2,500 coaches that are under finalization, Tentative Commencement of Work from October17.

●       In Firms Premises : COFMOW has invited Tender

Weizmann to invest in Tapi Energy Projects
Jun 13,2017

Weizmann announced that the Sub-Committee of the Company at its meeting held on 13 June 2017 approved the purchase of 3,00,000 10% Non Convertible Non-Commulative Preference Shares of Rs 100 each by the Company from Tapi Energy Projects.

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INEOS Styrolution India announces resignation of CFO
Jun 13,2017

INEOS Styrolution India announced that Bhupesh P. Porwal has resigned as the Chief Financial Officer (CFO) and Whole-time Director of the Company for better prospects and personal reasons.

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Wipro acquires 26.1% stake on Drivestream Inc.
Jun 13,2017

Wipro has invested in IT consulting and software services firm, Drivestream Inc. acquiring stake of 26.1% (on fully diluted basis) including 19,679 Series B Preferred Stock and 27,865 common stock.

Drivestream has issued stocks to Wipro on 12 June 2017 upon conversion of an optionally convertible note issue in March 2016. Wipro has acquired the stake for consideration of USD 809,690 (conversion of optionally convertible note as mentioned above).

This investment gives Wipro and Drivestreams customers ability to benefit from Drivestreams market leading Oracle cloud HCM and Oracle Cloud ERP solutions and Wipros end to end Oracle services.

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Board of M&M approves sale of stake in Mahindra Logistics in proposed IPO
Jun 13,2017

The Board of Directors of Mahindra & Mahindra at its meeting held on 13 June 2017 has approved sale of a part of its shareholding in Mahindra Logistics (MLL), a subsidiary of the Company, as part of the proposed Initial Public Offering (IPO) of MLL, subject to requisite approvals and market conditions.

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Cybermate Infotek allots 81 lakh equity shares
Jun 13,2017

Cybermate Infotek has allotted 81,00,000 Equity Shares upon receipt of total allotment money due from the promoters upon conversion of Equity Share warrants into Equity shares of Rs.2/- each with a premium of Rs 2.40/- per share.

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Music Broadcast announces change in website
Jun 13,2017

Music Broadcast has changed its website from to with effect from 13 June 2017.

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Ashok Leyland allots 806,58,292 equity shares
Jun 13,2017

Ashok Leyland has allotted 806,58,292 equity shares of face value Re.1/- each, fully paid-up to the equity shareholders of Hinduja Foundries as on record date of 07 June 2017 as per the Share Exchange Ratio in terms of the Scheme of Amalgamation.

Consequent to the said allotment, the paid-up share capital of the Company has gone up to Rs.292.65 crore (2926,534,926 equity shares of face value of Re.1/- each).

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In-principle decision to open Janaushadhi Kendras at Railway Stations taken: Shri Suresh Prabhu
Jun 13,2017

Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar held a detailed discussion with the Minister of Railways, Shri Suresh Prabhakar Prabhu for opening of Janaushadhi Kendras at Railway Stations and other Railway establishments.

Assuring firm support to the PMBJP scheme from Ministry of Railways side, Shri Prabhu informed the media persons that an in-principle decision to open Janaushadhi Kendras at Railway Stations and other Railway establishments has been taken during todays discussions. Railways being the largest employer in India, the amalgamation of efforts between the two Ministries for the percolation of generic drugs would increase their accessibility to the common man manifold, Shri Prabhu added.

Briefing the media on the outcome of the meeting, Shri Ananthkumar informed that the meeting was very fruitful and Shri Prabhu has extended full support from Railways to take ahead the vision of the Prime Minister. n++We will utilize the vast Railway Infrastructure to increase Accessibility of Cheap, Quality Generic Drugs for the common mann++, said Shri Ananthkumar.

Further, Shri Ananthkumar said that the Government is pursuing in full force the vision of Prime Minister Shri Narendra Modi, to make cheap and quality medicines accessible to all citizens of the country. The Minister added that currently over 1600 Janaushadhi Kendras have been opened in over 450 districts across India under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) and all the drugs available at these stores meet the WHO GMP (Good Manufacturing Practices) benchmarks.

The Ministers have directed senior officers of the two Ministries to work out the modalities and the strategy for roll out of the plan in detail.

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Board of Kilpest India recommends final dividend
Jun 13,2017

Kilpest India announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 3%) , subject to the approval of the shareholders.

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