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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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According to the estimates of the year 2015-16 there was about Rs. 1 lakh crore value fish production in the country: Shri Radha Mohan Singh
Nov 21,2016

The Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh has said that due to rapid increase in fisheries and aquaculture, the income of fish farmers and farmers is constantly increasing and in the coming days it will benefit fish farmers and farmers at a large scale.

Shri Radha Mohan Singh said that development of the livestock is the best strategy for doubling the farmers income. Due to this reason the budget for 2016-17 for this department is kept at Rs. 1700 crore, which is 21 % higher than the last year budget. The Union Minister said that it is the matter of pride that this year more than 72 % of the budget has been released for the development of the states, which has never happened in the past. Shri Singh said that now, it is the responsibility of the states to spend it properly and should not do fund parking.

The Union Minister said that fish farming will have three benefits firstly, increase in the farmers income secondly, there will be progress in the countrys export and GDP and thirdly it will ensure nutritional and food security in the country.

Shri Radha Mohan Singh told that from last six months, Department of Animal Husbandry, Dairying and Fishery is formulating many new schemes by its strenuous efforts. The department has launched n++Rashtriya Gokul Missionn++ for the breed improvement of indigenous cows and for cattle, goats and sheep higher breed development; it has launched n++National Livestock Missionn++. Shri Singh explained that for the year 2014-15, production of milk was Rs. 4.92 lakh crore which was more than 37% from paddy and wheat combined. Accordingly to the estimate for the year 2015-16, there was about Rs. 1 lakh crore value fisheries production within the country.

The Union Minister said that in fish production, India is constantly at the second position after China. Fisheries are a big sector in the country and around 150 lakh people are engaged in fisheries business. India has first place in the world in the area of shrimp fish and it is the largest exporter of shrimp fish. Shri said that taking all fisheries production together, there was estimated 10.8 million tones fish production in the country in year 2015-16, which is around 6.4 per cent of total fish production of the world. India is the second largest country in the world to produce fish from aquaculture (42.10 lakh tones). It contributes about 6.3 percent in global aquaculture. From the last decade, where the average annual growth rate of export of fish and fisheries production in the world remaining 7.5 per cent, Indian remain at the first place with an average annual growth rate of 14.8 per cent in the export of fisheries product.

Shri Singh said in the last two and half years, his government has constantly made new schemes in the interests of fisheries sector and farmers and has implemented them successfully throughout the country. Agriculture Minister said that success of fisheries is also a result of constant efforts of the government. World Fisheries Day is also being organized from the last two years after the formation of the government. The Minister said that Honble Prime Minister of India, Shri Narendra Modi has given the slogan and vision for the complete development of India-to double the income of the farmers. To achieve this target, government has laid emphasis on the development of the fisheries and its target is to double the income of the fishers, fishermen and farmers by 2022 through aquaculture and marine fisheries.

Shri Radha Mohan Singh told that with a fish production of 72.1 lakh tones from the Indian fisheries, India has second place in the world. India can achieve about 8 per cent growth rate in Indian fishery. The Minister said that looking at the large potential in the development of the fisheries, Honble Prime Minister Shri Narendra Modi has called for n++Blue Revolutionn++ in the field of fisheries. Thereafter, ministry has merged all the existing schemes and started a Rs. 3000 crore umbrella scheme n++Blue Revolution; Integrated Development and Management of Fisheriesn++. This scheme includes in land fisheries, aquaculture, marine fisheries comprising of deep sea fishing, mariculture and all the activities of national fisheries development board (NFDB).

Shri Singh informed that Department of Animal Husbandry, Dairying and Fisheries has prepared a National Fisheries Action Plan 2020 (NFAP) for the next five years to increase fish production and productivity and to achieve the target of blue revolution. In this Action Plan all the different fisheries resources of the country like ponds and tanks, wetlands, brackish water, cold water, lakes reservoirs, rivers and canals and marine sectors are included. All the states / UTs have been requested to prepare State Action Plan (SAP) for the next five years to achieve the objective of blue revolution according to NFAP 2020. The Minister said the aim of Blue Revolution scheme is to increase the fish production and productivity by 8 per cent annual growth rate and to reach 15 million tones mark by 2020. Efforts are being made to bring a n++National inland fisheries Policyn++ along with new n++National Marine Fisheries Policyn++, which will decide an overall and integrated growth frame work in the area of inland fisheries throughout the country.

Shri Radha Mohan Singh said that around 26.869 hectares area has been developed for the aquaculture which has benefited 63,372 fishermen. He said that during the last two years, under fishermen welfare, construction of 9,603 fishermen houses have been assisted whereas 20,705 fishermen have been trained and around 50 lakh fishermen have been provided with annual insurance assistance.

The Minister of State for Agriculture and Farmers Welfare Shri Sudarshan Bhagat, Secretary, Department of Animal Husbandry, Dairying and Fishery, Shri Devendra Chaudhry and other officers of various Ministries and Departments were also present on the occasion

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Alfavision Overseas to hold adjourned meeting of the Board
Nov 21,2016

Alfavision Overseas announced that pursuant to Article of Association of the Company, an Adjourned Meeting of the Board of Director (of Original Board Meeting held on 21 November 2016) of the Company is scheduled to held on 28 November 2016 at 4.00 Pm at 1-A Press Complex, A.B. Road, Indore-01, Inter alia, to review, consider the following:

1. To alter the Articles of Association of the Company for increase in Authorized Capital;

2. Alteration of the Articles of Association of the Company for inserting Article 14A after the existing Article 14 of the Articles of Association and be numbered as Article 14A for issue1 of Convertible Warrants.

3. To consider fund raising through Preferential Issue / Qualified Institutions Placement of Equity Shares/ Preference Shares / Convertible Securities / Warrants or such other Securities in one or more tranches in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the Companies Act, 2013 and the rules made thereunder.

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Board of Ingersoll-Rand (India) approves change in directorate
Nov 21,2016

Ingersoll-Rand (India) announced that at the meeting of the Board of Directors (the Board) of the Company held on 21 November 2016, the Board has appointed Amar Kaul as the Chairman of the Board effective immediately. He replaces Roman Steinhoff who resigned from the Board in August 2016.

The Board had earlier appointed Amar Kaul as Managing Director of the Company effective 05 August 2016 and he will now take over as Chairman of the Board as well.

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Board of Ingersoll-Rand (India) declares interim dividend
Nov 21,2016

Ingersoll-Rand (India) announced that the Board of Directors of the Company at its meeting held on 21 November 2016, inter alia, declared an interim dividend of Rs. 3/- per equity share.

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Board of Medinova Diagnostic Services to consider raising equity capital
Nov 21,2016

Medinova Diagnostic Services announced that meeting of the Board of Directors of the Company will be held on 29 November 2016, inter alia, to transact the following:

- To consider and approve raising of additional equity capital by issuance and allotment of equity shares on preferential basis at such issue price per equity share as may be determined as per SEBI (ICDR) Regulations subject to approval of shareholders through postal ballot and other statutory authorities (if any).

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Ingersoll-Rand (India) fixes record date for interim dividend
Nov 21,2016

Ingersoll-Rand (India) has fixed 02 December 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Simplex Projects CFO resigns
Nov 21,2016

Simplex Projects announced Pradeep Kumar Mishra, Sr. Vice President (Finance) & Chief Financial Officer of the Company has resigned from his office and services of the Company, w.e.f. 13 November 2016.

The same has also been approved and ratified by the Board in their meeting held on 14 November 2016.

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Board of Kavit Industries approves change in compliance officer
Nov 21,2016

Kavit Industries announced that the Board of Directors of the Company at its meeting held on 21 November 2016 has accepted the resignation of Yogendra Parmar from post of Company Secretary and Compliance Officer with effect from 21 November 2016. The Board has appointed Jyoti Gohil as Compliance Officer of the Company with effect from 22 November 2016.

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Century Textiles & Industries allots NCDs aggregating Rs 700 crore
Nov 21,2016

Century Textiles & Industries announced that the Finance Committee of the Board of Directors at its meeting held on 21 November 2016 has allotted NCDs for Rs 700 crore on private placement basis.

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Brigade Enterprises provides update on its Brigade Real Estate Accelerator Program
Nov 21,2016

Brigade Enterprises announced that its Brigade Real Estate Accelerator Program has formed strategic partnership with Microsoft and Intel. The accelerator program will mentor startups whose products and services can be used in the real estate sector across various domains be it residential, office, retail and hospitality.

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Intellect Design Arena allots equity shares
Nov 21,2016

Intellect Design Arena announced that the Members of the Stakeholders Relationship Committee of the Company vide its Circular Resolution dated 21 November 2016 has approved the allotment of 1,350 shares to Two (2) associates under ASOP 2011 Scheme.

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Electrosteel Castings to announce September quarter and half year results
Nov 21,2016

Electrosteel Castings announced that a meeting of the Board of Directors of the Company will be held on 06 December 2016, inter alia, to consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Board of MPS Infotecnics decides to sell commercial space in Delhi
Nov 21,2016

MPS Infotecnics announced that the Board of Directors in their meeting held on 21 November 2016, has decided to sell the companys commercial space (flat) in the building known as Scindia House bearing Municipal No. 5, Connaught Place, New Delhi 110001.

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Board of Pincon Spirit increases overseas investment limit
Nov 21,2016

The Board of Pincon Spirit approved to increase the power of the Board for making overseas investments from USD 500000 to USD 4.9 million, subject to provision of Companies Act, 2013, FEMA and guidelines issue by RBI or any other regulatory bodies.

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Asian Hotels (East) provides update on scheme of amalgamation
Nov 21,2016

Asian Hotels (East) has obtained in-principle approval from BSE and National Stock Exchange of India (the Exchanges) for listing of 3214284 Equity Shares of Rs. 10/- each issued pursuant to the sanctioned Scheme of Amalgamation.

The Company has undertaken steps to get the said shares listed and admitted to dealings on the Exchanges.

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