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SpiceJet announces incorporation of subsidairy - SpiceJet Merchandise

SpiceJet announces incorporation of subsidairy - SpiceJet Merchandise

Jul 27,2016

SpiceJet announced that the Company has incorporated a wholly owned subsidiary namely SpiceJet Merchandise which shall engage in the business of consumer merchandise and goods that will include electronic items, readymade apparels, accessories etc. through various channels viz., in flight sale, online platform, airport shops, retail outlets etc.

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iStreet Network recognised among 10 fastest growing retail company
Sep 27,2016

iStreet Network announced that the Company has been selected as among the 10 fastest growing retail Company as published in the Insight Success magazine survey.

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SML ISUZU gets revision in credit rating
Sep 27,2016

SML ISUZU announced that ICRA has upgraded the long term rating and reaffirmed the short term rating of the Company -

Long term rating (Working Capital facility line of credit) - ICRA AA (Upgraded from ICRA AA-)

Short term rating (Short term bank facilities and CP/ STD Programme) - ICRA A1+ (Reaffirmed)

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Voltas announces cessation of nominee director
Sep 27,2016

Voltas announced that the Company has received intimation from Life Insurance Corporation of India (LIC) informing about resignation of Usha Sangwan as their Representative on Voltas Board, which was accepted by the Directors at the Board Meeting held on 27 September 2016. Accordingly, Usha Sangwan ceases to be a Director of Voltas with effect from 27 September 2016.

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Brahmaputra Infrastructure secures orders worth Rs 152 crore
Sep 27,2016

Brahmaputra Infrastructure has secured orders worth Rs 152 crore. These include construction of Rail over Bridge each at Amritsar and Barnala in the State of Punjab on EPC Mode.

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Board of Balaji Telefilms approves composite scheme of arrangement
Sep 27,2016

Balaji Telefilms announced that the Board of Directors of the Company at its meeting held on 27 September 2016 has considered and approved a composite scheme of arrangement between the Company and its wholly owned subsidiaries viz. Balaji Motion Pictures and Bolt Media and their respective shareholders and creditors. The scheme envisages -

The demerger of the film production undertaking Balaji Motion Pictures and vesting the same in the Company, and consequential reduction in the share capital of Balaji Motion Pictures.

The amalgamation of Bolt Media with the Company.

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Inditrade Capital announces plans to hike stake in JRG DMCC
Sep 27,2016

Inditrade Capital has taken an in-principle decision to increase its existing shareholding in JRG International Brokerage DMCC (n++JRG DMCCn++), a company registered with the Dubai Multi Commodities Centre, upto an aggregate of 51% of the paid up capital of JRG DMCC, within a period of 24 months subject to the relevant regulatory approvals (both in India and UAE), if any.

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State Bank of India allots ATI Basel III compliant NCDs
Sep 27,2016

State Bank of India announced that the Bank on 27 September 2016 has issued and allotted 25,000 AT1 Basel III compliant Non- convertible, Perpetual, Subordinated, Unsecured Debt instrument in the nature of debenture, of face value Rs. 10,00,000/- each at par through private placement bearing coupon @ 8.75% p.a. payable annually with call option after 5 years or any coupon payment date thereafter aggregating to Rs.2,500 crore (Rupees two thousand five hundred crore) in second tranche.

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Bharat Financial Inclusion announces closure of QIP issue
Sep 27,2016

Bharat Financial Inclusion announced the closure of its Qualified Institutional Placement (QIP) on 27 September 2016. The QIP, which was launched with the issue size of Rs. 750 crore (approximate), generated a strong demand and was multiple times oversubscribed.

Bharat Financial Inclusions networth of Rs. 1,627 crore as of 30 June 2016 will cross Rs. 2,356 crore (approximate) post the QIP.

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Real Strips announces resignation of director
Sep 27,2016

Real Strips announced that Jitendra Mamtora, Independent Director of the Company tendered his resignation letter dated 27 September 2016 due to his preoccupation.

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Arex Industries fixes record date for final dividend
Sep 27,2016

Arex Industries has declared final dividend at 30%, i.e. Rs. 3.00 per share for the year ended on 31 March 2016, payable to the members whose names appear in the Register of members as on 27 September 2016.

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Texmaco Rail & Engineering announces cessation of Chairman & Director
Sep 27,2016

Texmaco Rail & Engineering announced that on completion of his tenure of appointment, Ramesh Maheshwari is not continuing as Executive Vice Chairman & Director of the Company w.e.f. close of business on 25 September 2016.

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IL&FS Transportation Networks gets in-principle approval for registration of Infrastructure Investment Trust
Sep 27,2016

IL&FS Transportation Networks announced that the Securities & Exchange Board of India has vide its letter dated 27 September 2016 granted in-principle approval for registration of n++IL&FS Transportation Investment Trustn++ as Infrastructure Investment Trust under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 subject to compliance of certain conditions. The Company will act as the Sponsor of Trust once it is registered.

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Jindal Stainless provides update on scheme of arrangement
Sep 27,2016

Jindal Stainless has received approval from Orissa Industrial and Infrastructure Development Corporation (IDCOn++) vide its letter dated 24 September 2016 conveying its no objection for effecting the transfer / right to use of the land on which the Hot Strip Mill and the Coke Plant of the Company are located, to Jindal United Steel and Jindal Coke, respectively.

Accordingly, in terms of the provisions of Clause 1.5 (b) (vi) of Section V of the Scheme of Arrangement between the Company, Jindal Stainless (Hisar), Jindal United Steel and Jindal Coke which was approved by the Honble High Court of Punjab and Haryana at Chandigarh vide its order dated 21 September 2015 (as modified on 12 October 2015) (Scheme), Sections III and IV of the Scheme have become effective on 24 September 2016 with effect from the Appointed Date 2 i.e. close of business hours before midnight of 31 March 2015.

Further the Company has informed that, the order of the Honble High Court was filed with the office of Registrar of Companies, NCT of Delhi & Haryana on 01 November 2015 and accordingly Section I and Section II of the Scheme became effective on 01 November 2015 with effect from the Appointed Date 1 i.e. close of business hours before midnight of 31 March 2014.

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NHAI Awards Contract for 4-Laning of Lucknow-Sultanpur Section of NH-56 in Uttar Pradesh.
Sep 27,2016

The National Highways Authority of India (NHAI) has issued Letter of Award (LOA) for development of the following section in the state of Uttar Pradesh under NHDP Phase-IV:

NH No.

Section

Length

Total Capital Cost

Concessionaires Name

NH-56

4-Laning of Lucknow Sultanpur Section from km 11.500 to km 134.700 of NH-56

127 km

Rs. 2,845 crore

M/s DilipBuildcon Ltd.

The project shall be executed on Hybrid Annuity mode and completed in 30 months from the date of commencement of the project.  Development of this section would reduce the travel time from Lucknow to Holy City of Varanasi and promote tourism in the region.The 127 km long stretch between Lucknow and Sultanpur transverses through important districts of Lucknow, Barabanki, Raebareli and Sultanpur.
 
The project will have construction of one Major Bridge, 13 Major Bridges, 1 Railway Over Bridge, 259 Culverts, 4 Vehicular Underpasses, 6 Cattle/Pedestrian Underpasses, 43 Bus Bays, 2 Truck Lay Byes and 32 km long Bypasses at Jagdishpur, Mushafirkhana, Aliganj and Shabaganj/Badaunkalan.

 

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Maithan Alloys provides update on Visakhapatnam plant
Sep 27,2016

Maithan Alloys announced the following:

1. The full damage can be ascertained only once the flood water recedes and thorough inspection is being carried out.

2. The transformer and other electrical equipment having estimated worth of Rs 2.75 crore were severely damaged and are fully insured.

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