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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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A2Z Infra Engineering announces resignation of director
Jul 25,2017

A2Z Infra Engineering announced the resignation of Prasad Yadav, Independent Director of the Company with effect from 24 July 2017.

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Viji Finance fixes record date for bonus issue
Jul 25,2017

Viji Finance has fixed 08 August 2017 as record date for bonus issue.

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Punjab National Bank raises Rs 1500 crore via issue of AT I Capital Bonds
Jul 25,2017

Punjab National Bank has raised Rs 1500 crore Additional Tier I (Basel III Compliant) Capital Bonds at a coupon of 8.98% p.a. on private placement basis.

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Bharti Airtel announces change in directorate
Jul 25,2017

Bharti Airtel announced that Sheikh Faisal Thani Al-Thani (non-executive director) has resigned from his position w.e.f 25 July 2017 and the board in its meeting held on 25 July 2017 has appointed Rashed Fahad Al-Noaimi as an additional director of the Company, in non-executive category. Al-Noaimi will hold office till the date of ensuing Annual General Meeting (AGM).

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VKJ Infradevelopers provides update on pricing of preferential issue of shares
Jul 25,2017

VKJ Infradevelopers announced that preferential issue is being made at a price of Rs 12 per share including a premium of Rs 11 per equity share.

At the Companys board meeting held on 14 July 2017, the Board of Directors had decided on the following -

To raise funds through preferential issue of equity shares and to acquire 100% stake in a company having a land spread in around 6 acres and to start a product of housing development involving cost of Rs 120 crore.

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Sambandam Spinning Mills gets revision in credit ratings
Jul 25,2017

Sambandam Spinning Mills announced that the credit rating for bank facilities and fixed deposits have been revised by CRISIL Rating Agency as under -

Long term bank facilities - CRISIL BB-/ Stable (Upgraded from CRISIL B+/Stable)

Short term bank facilities - CRISIL A4+ (Upgraded from CRISIL A4)
Fixed Deposits - FB+/ Stable (Rating retained)

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Gokak Textiles announces resignation of director
Jul 25,2017

Gokak Textiles announced that Zarine Commissariat, Director of the Company has resigned from the Board of the Company with effect from 20 July 2017.

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Jute-ICARE -- An Initiative of The Government to Double the income of Jute Farmers
Jul 25,2017

Improved Cultivation and Advanced Retting Exercise for Jute (Jute - ICARE) was launched in 2015 to popularize/introduce some of the better agronomic practices and recently developed microbial assisted retting among farmers intensively in a few blocks in West Bengal and Assam on pilot basis. The improved agronomic practices include -- line sowing of jute using seed drill to increase yield by 10-15%; weed management in jute by wheel hoeing/nail weeder instead of hand weeding for reducing the cost of weeding; and distribution of quality certified seeds at 50% subsidy.

Central Research Institute for Research in Jute and Allied Fibres (CRIJAF) developeda microbial consortium called SONA,to enhance the quantity of fibre yield by 20% as well as its quality in terms of grade by at least 1 n++ grades. Also, under the project, regular SMSs are sent in regional languages on improved practices in jute cultivation, to registered farmers. On an average over 50 SMSs are sent to each farmer at various intervals during the project. Supply of Seed drills and Nail weeders is undertaken for demonstration purpose.

As a result of these interventions, the earnings of jute farmers have increased by more than Rs.10000 per hectare.

In view of the encouraging results of the Jute I-Care pilot project, a joint meeting was held on 22.03.2017 by Honble Minister of Textiles and Minister of Agriculture for extending the reach of Jute I-Care programme through the State Agriculture Extension machinery. Representatives from State Governments, Agricultural Research Agencies, National Jute Board, Jute Corporation of India etc., participated in the meeting.Some of the highlights of the action taken under the Jute ICARE programme are given below:

1. All the Chief Ministers have been advised to take up Jute ICARE programme under Rashtriya Krishi Vikas Yojana (RKVY) and create awareness amongst farmers for use of certified jute seeds through Krishi Vikas Kendras (KVK). States have also been requested to supply farm implements under the Sub-mission in Agricultural Mission (SMAM) and construct Retting Tanks under MGNREGS and RKVY.

2. A Memorandum of Understanding (MOU) was signed on 12th May 2017 by National Jute Board, Ministry of Textiles with National Seeds Corporation and Jute Corporation of India for supplying certified Jute seeds of a new variety to Jute Farmers -- 800 MT for Year 2018; and 1500 MT for Year 2019. There will be an enhancement of availability of certified seeds by 60%, in 2018 and 87.5% in 2019.

3. Harvesting started from 2nd week of July and will continue upto August 2017. It has been reported that the average height of the jute plant under the project is 10 to 13 feet (against the normal height of 9 feet). The JR 204 seed variety is thus found to be very promising and productive to the farmers.

4. The popularity of Jute-ICARE project can be judged from the fact that the number of farmers who registered during the Year 2017 under the project had increased by 147% approximately; that is, 103122 farmers were registered against 41616 farmers last year. The area covered under the project for 2017 is approximately 70,328 hectares covering 26 Blocks in 6 jute growing states-- an increase of 167% as compared to 2016.

5. Action Plans for undertaking Front Line Demonstrations by CRIJAF and National Institute of Research in Jute and Allied Fibres (NIRJAFT) in Coordination with NJB, have been approved.

6. Krishi Melas are being held to support farmers.

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GAIL (India) launches a Start-up initiative Pankh
Jul 25,2017

GAIL (India) has launched a Start-up initiative titled Pankh to identify and promote innovative ventures. To promote the initiative, GAIL has created a corpus of Rs 50 crore for investing in start ups and would also provide to them in core areas of the company i.e. natural gas and its derivatives. A Start-up web portal has also been launched through which potential candidates can submit their proposals to GAIL. The portal can be accessed through the GAIL website www.gailonline.com and will remain open till 16 August 2017.

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Medi Caps appoints director
Jul 25,2017

Medi Caps has appointed Ashok Omprakash Agrawal as an Additional Director under the category of Independent Director with effect from 25 July 2017.

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Shreevatsaa Finance & Leasing to declare Quarterly Result
Jul 25,2017

Shreevatsaa Finance & Leasing will hold a meeting of the Board of Directors of the Company on 3 August 2017, to consider and approve the Unaudited Financial Results of the Company for the first quarter ended on June 30, 2017

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Orient Refractories to table results
Jul 25,2017

Orient Refractories will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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Solar Industries India to announce Quarterly Result
Jul 25,2017

Solar Industries India will hold a meeting of the Board of Directors of the Company on 2 August 2017, to consider and adopt Un-audited financial results for the quarter ended on 30 June 2017

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Integra Telecommunication & Software to declare Quarterly Result
Jul 25,2017

Integra Telecommunication & Software will hold a meeting of the Board of Directors of the Company on 3 August 2017.

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Coffee Day Enterprises schedules board meeting
Jul 25,2017

Coffee Day Enterprises will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider inter alia the Standalone & Consolidated Un-audited Financial Results of the Company for the quarter ended June 30th 2017

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