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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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Infosys to opens Technology and Innovation Hub in North Carolina
Jul 07,2017

Infosys announced that it will open its next Technology and Innovation Hub in North Carolina and hire 2,000 American workers in the state by 2021.

This investment reinforces Infosys commitment, announced in May 2017, to open four Technology and Innovation Hubs in the US and hire 10,000 American technology workers over the next two years. The announcement of the new hub in North Carolina, marks the second key milestone in Infosys strategy to help drive American innovation and create the next-generation of American innovators. The company plansto hire the first 500 of these 2,000 North Carolina workers by the end of two years, with the remainder to be hired in the state by 2021. The first hub, announced in Indiana, will hire 2,000 American workers by 2021and help boost Indianas economy.

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L&T Technology Services wins award for Quality Excellence in Planning, Processes & Systems
Jul 07,2017

L&T Technology Services announced that it has been awarded the World Quality Congress award for Quality Excellence in Planning, Processes & Systems, 2017.

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Glenmark Pharmaceuticals receives ANDA approval for Amlodipine and Olmesartan Medoxomil Tablets
Jul 07,2017

Glenmark Pharmaceuticals has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Amlodipine and Olmesartan Medoxomil Tablets, 5 mg/20 mg, 5 mg/40 mg, 10 mg/20 mg, and 10 mg/40 mg, the generic version of Azorn++ Tablets, 5 mg/20 mg, 5 mg/40 mg, 10 mg/20 mg, and 10 mg/40 mg, of Daiichi Sankyo, Inc.

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Tata Motors will be watched after commercial vehicles price cut
Jul 07,2017

Tata Motors announced price reduction in commercial vehicles (cargo) in the range of 0.3% to 4.21% and in commercial vehicles (passenger transportation) in the range of 0.6% to 8.2% post GST to pass on the benefits to its customers. The announcement was made after market hours yesterday, 6 July 2017.

HPCL announced that it has raised fixed rate senior unsecured notes aggregating to $500 million. The notes will bear interest of 4% per annum payable semi-annually commencing on 12 January 2018. The company intends to use all of the proceeds to fund capital expenditures for its ongoing and future domestic projects in accordance with the ECB guidelines of India. The announcement was made after market hours yesterday, 6 July 2017.

Shares of Lakshmi Vilas Bank turn ex-dividend today, 7 July 2017, for dividend of Rs 2.70 per share for the year ended March 2017.

Bharat Forge announced that its subsidiary, Kalyani Strategic Systems and Israel Aerospace Industries have signed a new memorandum of understanding (MoU) addressed to expand the joint venture that the companies are establishing. The new MoU covers the establishment of a maintenance center for selected advanced air defence systems at Hyderabad in Telengana. The two companies have also agreed on expanding their joint operations for development, manufacturing and marketing of precise ammunition systems. In February 2017, Israel Aerospace Industries has inked an MoU with Kalyani Strategic Systems (KSSL) on establishing a joint venture that will develop, build, market and manufacture selected Air Defence Systems and light-weight special purpose munitions, in accordance with the Indian Governments Make in India policy. The announcement was made after market hours yesterday, 6 July 2017.

Navin Fluorine International said its shareholders approved sale of unit located at Dahej in Gujarat. The announcement was made after market hours yesterday, 6 July 2017.

IDFC Bank will be watched after it refused to comment or deny reports of merger with Shriram group companies. Media reports suggested that Shriram Transport Finance, Shriram City Union Finance will merge with IDFC Bank; and Shriram Capitals Life, General insurance business will merge with IDFC.

IDFC Bank clarified after market hours yesterday, 6 July 2017, that it keeps evaluating opportunities from time to time and should anything concrete fructify, it will inform the exchanges as appropriate. At this point, there is nothing that can be disclosed. Under the circumstances, it is unable to confirm or deny the news reports. Meanwhile, it cannot comment on the market speculations.

Techno Electric & Engineering Company said that its board approved the scheme of amalgamation of the company with Simran Wind Project, a wholly-owned subsidiary of the company. The scheme will come into effect on receipt of necessary approvals for the same, including approval of the stock exchanges and such other statutory authorities as may be required. The announcement was made after market hours yesterday, 6 July 2017.

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Avonmore Capital & Management Services transfers 51% of its stake in Almondz Insurance Brokers
Jul 06,2017

Avonmore Capital & Management Services has transferred its entire stake of 51% held in Almondz Insurance Brokers to WILLIS Europe B.V (25% stake transfer) and Anemone Holdings, wholly owned subsidiary (26% stake transfer).

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Board of Virinchi approves allotment of 1,33,500 equity shares
Jul 06,2017

The Board of Virinchi has approved the allotment of 1,33,500 equity shares of face value of Rs. 10/- on exercise of options granted to the allottees pursuant to VESOS, 2004.

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Board of Bannari Amman Spinning Mills approves proposal for investment in Young Brand Apparel
Jul 06,2017

The Board of Bannari Amman Spinning Mills at its meeting held on 06 July 2017 has approved the proposal to invest in its joint venture company - Young Brand Apparel. On completion of this proposed investment in additional 18% stake, the total investment will increase to 51.33%, thus making Young Brand Apparel a subsidiary of the Company.

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NBCC (India) incorporates wholly owned subsidiary - NBCC International
Jul 06,2017

NBCC (India) has incorporated a wholly owned subsidiary named, NBCC International to carry out the construction, real estate and project management consultancy business in overseas countries.

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Cipla allots 1,15,611 equity shares
Jul 06,2017

Cipla has allotted 1,15,611 equity shares of Rs 2 each under ESOP. Consequently, the issued share capital has increased to 80,56,76,630 equity shares of Rs 2 each. The paid up & subscribed share capital has increased to 80,46,73,235 equity shares of Rs 2 each.

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Infosys to announce Q1 results
Jul 06,2017

Infosys will announce its first quarter ended 30 June 2017 on 14 July 2017 around 9:00 a.m.

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Music Broadcast features in Indias Top 50 Best Companies to Work for 2017
Jul 06,2017

Music Broadcast announced that the Company continues to be in top 50 Indias Best Companies to Work for in 2017 as per Great Place To Work study and adjudged to be the best in the media industry yet again.

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ICICI Bank raises funds via private placement of USD 50 million RegS bond
Jul 06,2017

ICICI Bank announced that the Committee of Executive Directors of the Bank at its meeting held on 10 May 2017 had approved the offshore borrowing plan for the Financial Year 2017-18. The Bank, acting through its DIFC (Dubai) branch, on 06 July 2017 priced a USD 50 million RegS bond by way of tap of its existing USD 700 million Fixed Rate Notes maturing March 2026, on a private placement basis under its GMTN programme. The notes shall carry a coupon of 4% payable semi-annually and will be listed on the Singapore Stock Exchange.

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Balaji Amines gets approval Ministry of Environment for its expansion project
Jul 06,2017

Balaji Amines has received approval from Ministry of Environment, Forest and Climate Change, Govt. of India for our Expansion Project which includes Acetonitrile (ACN), Morpholine (MOR) & Di Methyl Amine Hydrochloride (DMAHCL) products, situated at Plot No.E-7 & 8, MIDC Chincholi, Tal. Mohol, Dist. Solapur, Maharashtra with a condition of NOC from National Board for Wild Life for which we have already applied to the Govt. of India.

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Punjab & Sind Bank reviews MCLR rates
Jul 06,2017

Punjab & Sind Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and decided to keep them unchanged as under:

MCLR with effect from 07 July 2017

Overnight - 8.60%
One month - 8.60%
Three month - 8.65%
Six month - 8.70%
One year - 8.75%
Three year - 8.95%
Five year - 9.10%

Further, the ALCO has also resolved to keep the existing rate of Base rate unchanged at 9.70% and BPLR at 14.00%.

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Techno Electric& Engg. Company to hold board meeting
Jul 06,2017

Techno Electric& Engg. Company will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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