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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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Board of Gallantt Ispat to consider Q3 and 9M results
Jan 12,2017

Gallantt Ispat announced that a meeting of the Board of Directors of the Company will be held on 19 January 2017, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Nine Months ended 31 December 2016.

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TRF Board to consider Q3 and 9M results
Jan 12,2017

TRF announced that a meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider, approve and take on record the standalone and consolidated financial results for the quarter/nine months ended 31 December 2016.

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Board of CCL International to consider December quarter results
Jan 12,2017

CCL International announced that a meeting of the Board of Directors of the Company will be held on 02 February 2017, inter alia, to consider and approve standalone un-audited financial results of the Company for the quarter ended 31 December 2016.

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Pricol to announce Q3 and 9M results
Jan 12,2017

Pricol announced that the meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, to consider and to take on record the unaudited financial results for the quarter and nine months ended 31 December 2016.

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Mercator to consider closure of QIP and approve QIP issue price
Jan 12,2017

Mercator announced that a QIP Committee meeting with respect to QIP will be held on 17 January 2017, inter alia, to consider the following:

a) declaring the closure of the QIP on January 17, 2017.

b) determining and approving the issue price; and

c) approving and adopting the placement document.

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Phoenix Mills provides update on scheme of amalgamation of subsidiaries
Jan 12,2017

Phoenix Mills announced that the Company have been informed by the Companys subsidiaries, Palladium Constructions (PCPL) and Gangetic Hotels (GHPL) that their Board of Directors in their respective meetings held on 11 January 2017 have approved a Scheme of Amalgamation of GHPL with PCPL with the appointed date of 01 April 2016. The Scheme is subject to the approval of the National Company Law Tribunal at Mumbai and Allahabad and all other regulatory approvals.

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CPI inflation dips to 25 months low of 3.4% in December 2016
Jan 12,2017

The all-India general CPI inflation dipped to 25-months low of 3.41% in December 2016 (new base 2012=100), compared with 3.63% in November 2016. The corresponding provisional inflation rate for rural area was 3.83% and urban area 2.90% in December 2016 as against 4.13% and 3.13% in November 2016. The core CPI inflation declined to 4.81% in December 2016 from 4.90% in November 2016. The cumulative CPI inflation was nearly flat at 4.85% in April-December 2016 compared with 4.79% in April-December 2015.

Among the CPI components, inflation of food and beverages declined to 1.98% in December 2016 from 2.56% in November 2016 contributing to the fall in CPI inflation. Within the food items, the inflation eased for Vegetables to -14.59% , Pulses and products -1.57% , Meat and fish 4.79% , Spices 6.06% and Sugar and Confectionery 21.06% . The inflation also eased for Egg 6.41% , Prepared meals, snacks, sweets etc. to 5.64% and Milk and products 4.40% On the other hand, inflation moved up for Oils and fats 2.86% and Cereals and products 5.25% in December 2016.

The inflation for housing eased to 4.98% , while that for miscellaneous items also fell to 4.73% in December 2016. Within the miscellaneous items, the inflation for Personal care and effects plunged to 6.42% , and Health 4.45% , while moved up for Household goods and services to 4.45% , Education 5.47% and Transport and communication 4.04% in December 2016.

The inflation for clothing and footwear eased marginally to 4.88% in December 2016, while the CPI inflation of fuel and light surged to 3.77% in December 2016.

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Demonetization resulted in decline in Terror Funding, Hawala Trade, Human Trafficking, says Law Minister Ravi Shankar Prasad
Jan 12,2017

Union Law, Justice and IT Minister Ravi Shankar Prasad on Thursday said the governments November 8 decision of demonetization had resulted in sharp decline in terror funding, hawala trade, supari killings and human trafficking, particularly of young girls as sex slaves, mainly from Nepal and the North East.

Indicating that the government would not hesitate to take steps to widen the tax base, he said that development was not possible without enlarging the tax kitty. ``There is only about Rs. Five lakh crore in the kitty of Finance Minister Arun Jaitley for development and it needs to grow, he said.

Mr. Ravi Shankar Prasad said that Aadhar enabled bank payments through smart phone would prove to be a ``game changer and a tool of empowerment. He said that out of 125 crore people only 3.7 crore pay taxes and 99 lakh file Income Tax returns but have no taxable income, two crore people show annual income of Rs. 6 lakh and only 24 lakh have an annual income of Rs. 10 lakh and above.

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Rural Electrification Corporation incorporates 3 Project SPVs
Jan 12,2017

Rural Electrification Corporation announced the incorporation of three Project Specific Special Purpose Vehicles (SPVs) as Subsidiary Companies of its subsidiary - REC Transmission Projects Company.

WR-NR Power Transmission
ERSS XXI Transmission
Ghatampur Transmission

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Reliance Industrial Infrastructure announces change in CFO
Jan 12,2017

Reliance Industrial Infrastructure announced that Salil Kumar Mishra has been appointed as the Chief Financial Officer of the Company with effect from 12 January 2017 in place of Tapas Mitra consequent to his resignation as the Chief Financial Officer of the Company with effect from close of business hours on 12 January 2017.

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National Standard (India) announces cessation of CEO
Jan 12,2017

National Standard (India) announced Mahesh Thakur has ceased to be the Chief Executive Officer of the Company w.e.f. 12 January 2017.

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Rupee edges up
Jan 12,2017

Rupee closed higher at 68.0829/0970 per dollar on Thursday (12 January 2017), versus its previous close of 68.3199/3330 per dollar.

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India Cements gets revision in ratings for bank facilities
Jan 12,2017

India Cements has received revision in credit ratings for bank facilities from Credit Analysis & Research as under -

Long term bank facilities - CARE A-; Stable (Revised from CARE BBB+)
Short term bank facilities - CARE A1 (Revised from CARE A2)

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Mahindra Lifespace Developers to establish Industrial Park in Ahmedabad
Jan 12,2017

Mahindra Lifespace Developers has signed a MoU with the Government of Gujarat, through a 100% subsidiary, to establish a 350 acre multi product industrial park in Ahmedabad. The proposed new industrial park marks the Companys foray into Gujarat and is being planned to cater to non-polluting industries.

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J L Morison (India) announces resignation of director
Jan 12,2017

J L Morison (India) announced that Sandip Das, Executive Director & CEO of the Company has tendered his resignation from the Company due to personal reason w.e.f. closing working hours of 31 January 2017.

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