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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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Hindusthan National Glass & Industries director resigns
Feb 17,2017

Hindusthan National Glass & Industries announced that Rakesh Kumar Sharma, Executive Director of the Company has resigned from the Directorship of the Company w.e.f. 28 February 2017.

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Loyal Equipments secured order for main supply of air oil vessels
Feb 17,2017

Loyal Equipments has received an order worth Rs 43.79 lakhs from Voith Group, Germany (through its Indian Company Voith Hydro, a Voith and Siemens company) for main supply of air oil vessels along with instrumentation, accessories and spare complete in all respect and supervision of testing and commissioning of 2x43.6 MW Modernization of Hirakud Hydro Electric Project, Hirakud, Odisha.

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Skipper wins award for Continuous HR innovation for Business Excellence
Feb 17,2017

Skipper announced that the Company got awarded in the category of Continuous HR innovation for Business Excellence in Global HR Excellence awards. Global HR Excellence awards is organized annually by World HRD Congress. The event took place on 16 February 2017 in Hotel Taj Lands End, Mumbai.

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Orient Press gets reaffirmation in credit ratings
Feb 17,2017

Orient Press has received reaffirmation in credit ratings from CARE as follows -

Long term bank facilities (Rs 37.15 crore) - CARE BBB; Stable
Long term/ short term bank facilities (Rs 10 crore) - CARE BBB; Stable / CARE A3+
Short term bank facilities (Rs 18.50 crore) - CARE A3+
Medium-Term fixed deposits (Rs 8 crore) - CARE BBB(FD); Stable

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Ferro Alloys Corporation gets upgradation in rating for line of credit
Feb 17,2017

Ferro Alloys Corporation has received from ICRA an upgradation in the Companys long term rating for the line of credit (Rs 109.89 crore) from ICRA D to ICRA C. Further, the Companys short term rating for the line of credit has also been upgraded from ICRA D to ICRA A4.

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Great Eastern Shipping Company provides update on subsidiary Greatship (India)
Feb 17,2017

Great Eastern Shipping Company announced that its subsidiary - Greatship (India) has sold and delivered its 1999 built Platform Supply Vessel (PSV) Greatship Disha to the buyers.

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Andhra Bank intimates of Bank strike
Feb 17,2017

Andhra Bank has been informed by Indian Banks Association (IBA) that the Convenor of United Forum of Bank Unions (UFBU) have served a notice of strike dated 08 February 2017 informing their decision that all the members of the constituted unions of the United Forum of Bank Unions (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, NOBW, INBOC & NOBO), to go on All India One Day strike on 28 February 2017 on various issues and demands.

Impact on Banks Operations:

In the event of strike materializing on 28 February 2017, the functioning of Branches/ Offices of the Bank will be affected.

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Punjab & Sind Bank announces appointment of Executive Director
Feb 17,2017

Punjab & Sind Bank announced that Government of India, Ministry of Finance, Department of Financial Services, vide notification dated February 16, 2017, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Fareed Ahmed, as Executive Director of Punjab & Sind Bank.

Fareed Ahmed has taken over the charge on 17 February 2017.

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Lancer Container Lines opens branch office
Feb 17,2017

Lancer Container Lines has opened a branch office at 10 A/1, Chidambara Nagar, Main Road, Tuticorin, Tamil Nadu - 628008, India headed by T.T. Alwin Durai. This office will help the Company to tap business opportunities in the Southern India and improve the company foot print and help deliver superior client experience locally.

The Company is well poised to serve clients with its own branch network at the following locations within India: New Delhi, Kolkata, Gandhidham-Gujrat and Chennai.

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Board of Sundaram Finance approve demerger of non-financial services investment into wholly owned subsidiary
Feb 17,2017

The Board of Directors of Sundaram Finance has on 17 February 2017 approved a proposal to demerge the non-financial services investment of Sundaram Finance into wholly owned subsidiary, Sundaram Finance Investments. Following the demerger, Sundaram Finance Investments would be listed on the stock exchanges, subject to necessary approvals from regulators and shareholders.

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Rural Electrification Corporation gets included in Nifty 100 and Nifty Next 50 indices
Feb 17,2017

Rural Electrification Corporation announced that as per the press release issued by India Index Services & Products (IISL) who manages a portfolio of 67 indices under NIFTY brand as of 30 September 2016 including NIFTY 50 and it is a group Company of National Stock Exchange of India, the Index Maintenance Sub-Committee (IMSC) of IISL in its Meeting held on 16 February 2017 has inter-alia decided to include Rural Electrification Corporation in NIFTY 100 and NIFTY Next 50 with effect from 31 March 2017. The above inclusion is based on various qualifying factors and good performance of the stock of REC.

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Vaibhav Global allots 1,791 equity shares
Feb 17,2017

Vaibhav Global has allotted 1,791 Equity Shares of Rs. 10 each on 17 February 2017 to Vaibhav Global Employee Stock Option Welfare Trust under VGL Employee Stock Option Plan (As Amended) - 2006.

Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 32,54,56,170 consisting of 3,25,45,617 Equity Shares of Rs. 10 each.

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Inditrade Capital intimates of hike in stake in Inditrade Business Consultants
Feb 17,2017

Inditrade Capital announced that Inditrade Business Consultants has allotted 60,00,000 (Sixty lakh) equity shares at a face value of Rs. 10/- (Rupees Ten only) each to the Company on 17 February 2017 and consequently the present equity shareholding of the Company in Inditrade Business Consultants has become 99.8%.

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Moschip Semiconductor Technology secures contract valued USD 1 million
Feb 17,2017

Moschip Semiconductor Technology announced that its US subsidiary has entered into an agreement with one of its partners in the US to produce and support a custom silicon solution for its digital cinema product. The value of this contract is nearly USD 1 million to be executed during the next two quarters.

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The total horticulture production of the country is estimated to be around 286 million tonnes during 2015-16
Feb 17,2017

The Department of Agriculture and Farmers Welfare has released the Final Estimates: 2015-16 and First Advance Estimates of 2016-17, of area and production of horticulture crops. These estimates are based on the information received from different State/UTs in the country.

The following table summarizes the All-India Final Estimates: 2014-15, Final Estimates: 2015-16 & First Advance Estimates: 2016-17;

(Area in 000 Ha, Production in 000 MT)Total Horticulture2014-152015-16 ( Final)2016-17 (First Advance Estimate)(Final)Area234102447224369Production280986286188287323

Highlights: - 2015-16 (Final Estimates)

n++         The total horticulture production of the country is estimated to be around 286 million tonnes during 2015-16 which is 2% higher than the previous year.

n++         Production of fruits is estimated to be 90 million tonnes which is 1% higher than the previous year. 

n++         Production of vegetables is estimated to be around 169 million tonnes which is about 1.5% higher than the previous year.

n++         Production of spices is estimated to be around 7 million tonnes which is 14% higher than the previous year.

n++         Production of onion is estimated to be around 209 lakh tonnes which is 11% higher than the previous year.

n++         Production of potato is estimated to be around 434 lakh tonnes which is 10% lower than the previous year.

n++         Production of tomato is estimated to be around 187 lakh tonnes which is about 15 % higher than the previous year.

Highlights:- 2016-17 (First Advance Estimates)

n++         The horticulture production of the country during 2016-17 is estimated to be around 287 million tonnes which is marginally higher as compared to 2015-16.

n++         Production of fruits is estimated to be 92 million tonnes which is about 2% higher than the previous year.                                                                                              

n++         Production of vegetables is estimated to be around 168.6 million tonnes which is marginally lower by 0.3% than the previous year.

n++         Production of spices is estimated to be around 7 million tonnes which is almost same as previous year.

n++         Production of onion is estimated to be around 197 lakh tonnes which is 6 % lower than the previous year, which was a bumper production year. However as compared to the past 5 years average onion production, this is about 5% higher.

n++         Production of potato is estimated to be around 439 lakh tonnes which is 1% higher than the previous year.

n++         Production of tomato is estimated to be around 189 lakh tonnes which is about 1 % higher than the previous year.

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