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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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RCL Foods to hold board meeting
Jun 24,2017

RCL Foods will hold a meeting of the Board of Directors of the Company on 28 June 2017.

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JSW Steel proposes to raise additional long term resources
Jun 24,2017

JSW Steel plans to raise additional long term resources through issuance of NCDs with warrants convertible into equity shares and/or equity shares and/or convertible warrants, by way of a Qualified Institutional Placement and issuance of FCCBs, ADRs, GDRs, warrants or convertible instruments in course of an international offering. The Board will consider the proposal on 29 June 2017.

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Infosys intimates of conclusion of State of New Yorks investigation
Jun 24,2017

Infosys agreement concludes the State of New Yorks investigation relating to the amount of taxes the Company paid in 2010-2011 without any criminal or civil charges being filed. While this investigation centered on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard. This settlement relates to legal issues already resolved under the 2013 settlement with the US Department of Justice, and was reached by both parties to avoid protracted litigation. Infosys maintains robust policies and procedures to ensure adherence with all applicable regulations and laws. Infosys will continue to focus on boosting American innovation, hiring American workers and better serving our valued customers across the United States.

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Indias natural gas production up 4.2% in May 2017
Jun 23,2017

Indias natural gas production increased 4.2% to 2.77 billion cubic meters (bcm) in May 2017 over a year ago. Natural gas output of ONGC jumped 9.5% to 1.96 bcm, but that of private and JV companies dipped -10.5% to 0.56 bcm. Meanwhile, the natural gas production of Oil India rose 2.4% to 0.24 bcm in May 2017.

Natural gas output moved up 3.0% to 5.30 bcm in April-May 2017 over April-May 2016.

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Indias crude oil refinery output up 5.6% in May 2017
Jun 23,2017

Indias crude oil refinery output increased 5.6% to 20.90 million tonnes (mt) in May 2017 over May 2016. The output of public sector refineries improved 8.0% to 11.77 mt, while the output of private refineries jumped 15.1% to 8.54 mt. However, the refinery output of public-private JV refiners dipped 60.3% to 0.59 mt in May 2017.

Among public refineries, the output of Indian Oil Corporation increased 12.1% to 5.95 mt, while the output of Numaligarh Refineries moved up 8.7% to 0.26 mt, Chennai Petroleum Corporation 6.9% to 0.85 mt, and Mangalore Refineries 6.7% to 1.16 mt in May 2017 over May 2016. Further, the output of Hindustan Petroleum Corporation also increased 3.6% to 1.46 mt and Bharat Petroleum Corporation 1.7% to 2.08 mt in May 2017.

Among private refiners, the output of Reliance Petroleum surged 20.9% to 6.86 mt, while that of Essar Oil declined 3.6% to 1.69 mt in May 2017 over May 2016. Among JV refineries, the output of Bharat Oman increased 3.2% to 0.59 mt, while the output of HPCL Mittal dipped to nil in May 2016.

The cumulative refinery output increased 2.8% to 40.20 mt in April-May 2017. The output of public refineries increased 4.3% to 22.15 mt, while that of private refineries moved up 7.6% to 16.20 mt. The refinery output of JV refineries fell 34.3% to 1.85 mt in April-May 2017. Among public refineries, the output of Indian Oil Corporation improved 8.9%, Numaligarh Refineries 8.7% and Mangalore Refineries 6.2%, but that of Hindustan Petroleum Corporation declined 0.4%, Bharat Petroleum Corporation 0.7% and Chennai Petroleum Corporation 8.0%.

The overall capacity utilization was higher at 104.8% in May 2017 compared with 102.4% in May 2016, while it was nearly flat at 104.4% in April-May 2017 compared with 104.6% in April-May 2016.

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Indias crude oil production rises 0.7% in May 2017
Jun 23,2017

Indias crude oil production rose 0.7% to 3.10 million tonnes (mt) in May 2017 over May 2016. Crude oil output of ONGC increased 2.5% to 1.93 mt, while that of Oil India also improved 6.1% to 0.29 mt. ONGCs offshore output moved up 2.1% to 1.42 mt, while onshore production increased 3.6% to 0.51 mt. However, the crude oil production of private and joint venture (JV) companies dipped 4.5% to 0.88 mt in May 2017.

Crude oil output rose 0.1% to 6.04 mt in April-May period of the fiscal year ending March 2018 (April-May 2017), snapping 2.8% fall recorded in the corresponding period of last year. Output of ONGC rose 2.5% to 3.78 mt, while that of Oil India moved up 5.3% to 0.56 mt. However, the crude oil production of private companies fell 6.5% to 1.70 mt in April-May 2017 over April-May 2016.

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Bharat Heavy Electricals records 14% growth in intellectual capital in FY 2017
Jun 23,2017

Bharat Heavy Electricals has recorded nearly 14% growth in its intellectual capital in FY 2016-17. During the year, a recorded 508 patents and copyrights were filed by the Company. With this, the Companys intellectual capital has gone up to 3915 patents and copyrights filed. During the period, Bhel has invested Rs 794 crore on R&D initiatives, which was 2.75% of its turnover.

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Shriram Transport Finance Company allots NCDs aggregating Rs 50 crore
Jun 23,2017

Shriram Transport Finance Company has allotted 500 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each, aggregating to Rs. 50 crore on private placement basis.

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Hind Aluminium Industries announces resignation of director
Jun 23,2017

Hind Aluminium Industries announced that Narayan Das Mundhra, has resigned from the office of Independent Director of the Company due to his pre-occupation.

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Board of Indian Acrylics approves change in directorate
Jun 23,2017

The Board of Indian Acrylics approved the following changes in directorate -

Appointment of Raja Shivdev Inder Singh as Independent Director in place of Prof. Dr B B Tandon with effect from 01 July 2017 for a period of 5 years subject to approval of shareholders.

Nomination of Sanjeev Bajaj in place of Satish Dua.

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Nirav Commercials announces appointment of directors
Jun 23,2017

Nirav Commercials has been appointed Navinchandra Shah and Narayan Das Mundhra as Independent Directors of the Company & they will hold office as Independent Director upto the date of ensuing Annual General Meeting of the Company.

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B & A Packaging India announces resignation of CFO
Jun 23,2017

B & A Packaging India announced that Siddhartha Gupta has resigned from the post of Chief Financial Officer of the Company with effect from 22 June 2017.

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Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 125 crore
Jun 23,2017

Mahindra & Mahindra Financial Services announced that the meeting of the duly authorised Committee was held on 23 June, 2017 approving the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000 each, at par, aggregating to Rs. 125 crore.

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Balkrishna Paper Mills to hold AGM
Jun 23,2017

Balkrishna Paper Mills announced that the 4th Annual General Meeting (AGM) of the company will be held on 19 July 2017.

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Ingersoll-Rand (India) to hold AGM
Jun 23,2017

Ingersoll-Rand (India) announced that the Annual General Meeting (AGM) of the company will be held on 3 August 2017.

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