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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Oberoi Realty allots equity shares
Nov 18,2016

Oberoi Realty announced that the Directors of the Company vide a resolution passed by-circulation on 17 November 2016 have allotted 30,383 Equity Shares of Rs. 10/- each to certain Option Grantee(s) pursuant to exercise by them of the Options granted to them under the Companys Employee Stock Option Scheme 2009 (ESOP 2009). The Exercise Price for the said Options is Rs. 260 per share.

Post the aforesaid allotment, the Equity Share Capital of the Company stands increased to 33,94,16,633 equity shares of Rs. 10/- each aggregating to Rs. 3,39,41,66,330.

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Tata Communications collaboration wins 2016 MEF Excellence Award
Nov 18,2016

Tata Communications announced that the Company along with Comcast Business, ECI, Sparkle and Viavi Solutions have collectively won one of two 2016 MEF Excellence Award for its Third Network Proof of Concept innovation. The companies collaborated on an orchestrated,multi-carrier, multi-platform demonstration as part of the Proof of Concept (PoC) Showcase at MEF16, November 7-9 in Baltimore, Maryland.

This award-winning collaboration was designed to showcase how a customer could gain access to flexible bandwidth and applications on-demand without human intervention - enabling unprecedented levels of network control for new and evolving types of cloud-centric applications,for network connectivity services within current network architectures as well as emerging SDN and NFV implementations. For service providers, additional upsides include the drastic reduction of service turn-up time.

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Astral Poly inches up after good Q2 outcome
Nov 18,2016

The announcement was made after market hours yesterday, 17 November 2016.

Meanwhile, the S&P BSE Sensex was down 37.47 points, or 0.14%, to 26,190.15

On BSE, so far 1,897 shares were traded in the counter, compared with an average daily volume of 12,101 shares in the past one quarter. The stock hit a high of Rs 415 and a low of Rs 397.45 so far during the day. The stock hit a 52-week high of Rs 526.35 on 27 July 2016. The stock hit a 52-week low of Rs 334.05 on 29 February 2016.

The mid-cap company has an equity capital of Rs 11.98 crore. Face value per share is Re 1.

Astral Poly Techniks consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 8.24% to Rs 565 crore in Q2 September 2016 over Q2 September 2015.

Astral Poly Technik is a diversified manufacturer of building products in India. Its piping product portfolio consists of plumbing, drainage, agriculture, industrial, fire sprinkler and electrical piping systems. Astrals adhesive product portfolio consists of construction chemicals, maintenance, wood care and automotive adhesives.

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PGCIL Seeks US$ 1,000 Million Loan for Green Energy Corridor From ADB
Nov 18,2016

Power Grid Corporation of India (PGCIL) has sought a loan assistance of US$ 1,000 million from the Asian Development Bank (ADB) comprising of Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million.

The Loan would be utilized for funding of the following transmission projects including a project under Green Energy Corridor projects in next 3-4 years:

(i) HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala) - Scheme 1: Raigarh-Pugalur 6000 MW HVDC System.

(ii) HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala)- Scheme 3: Pugalur- Trichur 2000 MW VSC based HVDC System.

(iii) Real Time Measurement/ monitoring scheme.

(iv) Inter State Transmission System (ISTS) associated with Green Energy Corridor as under:

a) Ajmer(New) - Bikaner (New) 765 kV D/c

b) Bikaner(New) - Moga (PG) 765 kV D/c

c) LILO of one circuit of 400kV Bhadla- Bikaner (RVPN) line at Bikaner(New)

d) Establishment of 2x1500 MVA, 765/400 kV S/s at Bikaner (New)

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Mcleod Russel India gets reaffirmation of credit ratings for CP programme
Nov 18,2016

Mcleod Russel India announced that ICRA by their letter dated 17 November 2016 has revalidated / confirmed the rating [ICRA]A1+ (pronounced as ICRA A one plus) for Commercial Paper Programme of Rs 300 crore of the Company.

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India Home Loan announces resignation of directors
Nov 18,2016

India Home Loan announced that the Company is in receipt of resignation letters of Promoter Directors Anant Bhalotia and Rishabh Siroya from the Board of Directors of the Company. The Board by way of circulation accepted the resignation with effect from 17 November 2016.

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Max Ventures provides update on subsidiary - Max Speciality Films
Nov 18,2016

Max Ventures and Industries announced that Jaideep Wadhwa, Chief Executive Officer of Max Speciality Films (MSF), which is a subsidiary of the Company, vide an email dated 15 November 2016 has submitted his resignation from the services of the Company, to pursue other career interests. The Board of Directors of MSF has put in place an interim governance structure, inter-alia, by constituting a Management Committee consisting Senior Executive of MSF and the Company, for smooth transition and day-to-day affairs of MSF to achieve its business objective.

Max Ventures and Industries presently hold 99% equity share capital of MSF.

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HealthCare Global Enterprises provides update on subsidiaries
Nov 18,2016

HealthCare Global Enterprises announced that it is proposed to merge DKR Healthcare, a subsidiary of BACC Health Care, with BACC Health Care, being subsidiaries of the Company.

BACC Health Care is a direct subsidiary of the Company and DKR Healthcare is a wholly owned subsidiary of BACC Health Care.

The Board of Directors of the respective companies have approved the scheme of amalgamation for the merger of these companies.

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Astral Poly Technik to pay interim dividend
Nov 18,2016

Astral Poly Technik announced that interim dividend will be paid before 10 December 2016.

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Tata Power Company announces cessation fo director
Nov 18,2016

Tata Power Company announced about the expiry of term of office of Piyush G. Mankad, an Independent Director on the Companys Board, consequent upon his completing 75 years of age, as required by the guidelines adopted by the Company for retirement of Non-Executive Directors. Consequently, he has ceased to be a member of the Companys Board effective 18 November 2016.

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Dilip Buildcons JV awarded project at Nigahi OCP
Nov 18,2016

Dilip Buildcon announced that Northern Coalfields (M.P) has declared DBL-DECO (a joint venture of the Company) as the successful bidder (L1) for Excavation of Overburden of First Dig (Solid) and Re-handling by Mechnical Means at specified places at NIGAHI OCP of NCL at a project cost of Rs 1469.84 crore having Average lead 5.00km and quantity (BCM) completion 132460000 (the project).

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Petronet LNG hardens after strong Q2 result
Nov 18,2016

The announcement was made after market hours yesterday, 17 November 2016.

Meanwhile, the S&P BSE Sensex was down 18.72 points or 0.07% at 26,208.90

On BSE, so far 1.23 lakh shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter. The stock hit a high of Rs 374 and a low of Rs 364.25 so far during the day. The stock had hit a record high of Rs 410.85 on 17 October 2016. The stock had hit a 52-week low of Rs 203.85 on 19 November 2015.

The large-cap company has equity capital of Rs 750 crore. Face value per share is Rs 10.

Petronet LNG was formed as a joint venture by the Government of India to import liquified natural gas (LNG) and set up LNG terminals in the country.

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Inclusion of Large Hydro Power Projects Under the Ambit of Renewable Energy
Nov 18,2016

The Ministry of New and Renewable Energy (MNRE) is examining the prospects of including all hydro power projects under Renewable Energy Sector. Hydro power can be called renewable energy because it uses water for generation of electricity without any consumption and leaves this vital resource available for other uses.

The norms of Small Hydro Power Projects (SHP) differ from country to country. In some countries station capacity with more than 25 MW is classified as SHP, example- Brazil -30 MW, Canada-50 MW, China- 50 MW, Pakistan- 50 MW, Vietnam- 30MW and Eastern Europe / Russian countries - 30 MW. The implementation of Hydro Power up to 25 MW station capacity was brought under the ambit of Ministry of New and Renewable Energy from Ministry of Power during 1999.

Government has set the target to reach 175 GW of Renewable Energy capacity by the year 2022 which includes 5 GW from Small Hydro (up to 25 MW station capacity). So far larger hydro plants are not considered as Renewable Energy. In case of large hydro capacity (above 25MW) being added to the renewable category, Indias Renewable Energy capacity could reach 225MW.

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Zensar Technologies launches The Vinci Intelligent Managed Service Platform
Nov 18,2016

Zensar Technologies announced the launch of The Vinci Intelligent Managed Service Platform. The platform is powered by automation, automatics and orchestration, utilising machine learning, bringing together the management of operational and transformational activities. The Vinci is one of the significant solutions to be unfurled under Zensars Return on Digitaln++ strategy. Enterprises will be able to leverage the solution to impact substantial reduction in the OPEX cost. The solution helps track business and operational benefits in real time, making it agile and future ready for advanced digital technologies.

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IIFL Holdings allots equity shares
Nov 18,2016

IIFL Holdings announced that the Nomination and Remuneration Committee of the Board of Directors of the Company by way of circular resolution(s) allotted 3,55,000 equity shares to the employees of the Company/ Subsidiaries upon exercise of stock options under Employee Stock Option Schemes.

Upon allotment, the equity base of the Company stand increased from equity shares 31,70,95,854 to 31,74,50,854 equity shares of Rs. 2/- each.

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