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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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Board of Econo Trade India approves change in registered office
Jun 22,2017

Econo Trade India announced that the Board of Directors at its meeting held on 21 June 2017 has approved change in registered office to 9/12 Lal Bazaar Street, 3rd Floor, Block B, Room No. 3103, Kolkata - 700 001.

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Nila Infrastructures secures order from Ahmedabad Municipal Corporation
Jun 22,2017

Nila Infrastructures has received work order from Ahmedabad Municipal Corporation, of slum rehabilitation and re-development for construction of 360 units on PPP basis at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarats Slum Rehabilitation and Redevelopment Policy-2013.

The Project envisages to rehabilitate about 360 slum-dwelling families living at Khodiyarnagar Asarwa, Ahmedabad. The total area under the project of approximately 6,085 sq. mtrs. will be redeveloped in 24 months at a total development cost of approximately Rs 25.16 crore. As remuneration, the Company will get the balance vacant land of approximately 1893 sq. mtrs. worth Rs 7.58 crore and the Transferable Development Rights (TDR) of Rs 17.58 crore.

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MSP Steel & Power to hold EGM
Jun 22,2017

MSP Steel & Power announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 July 2017 .

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Mewar Hi-Tech Engineering to hold board meeting
Jun 22,2017

Mewar Hi-Tech Engineering will hold a meeting of the Board of Directors of the Company on 24 June 2017.

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Zenotech Laboratories provides update on rights issue
Jun 22,2017

Zenotech Laboratories announced that the Rights Issue Committee of the Board of Directors (the Committee) in its meeting held on 21 June 2017 has finalized the Issue opening and the Issue closing dates, including the last date of receipt of Split Application Forms with respect to the rights issue of the Company. Further, the Committee has also approved the Letter of Offer for filing with BSE and Securities and Exchange Board of India, the Abridged Letter of Offer and Composite Application Form to be sent to eligible shareholders of the Company.

Issue opens on - 30 June 2017
Last date for receiving requests for split application forms - 07 July 2017
Issue closes on - 14 July 2017

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Alembic Pharmaceuticals receives ANDA approval for Amantadine Hydrochloride Capsules
Jun 22,2017

Alembic Pharmaceuticals has received approval from USFDA for its ANDA for Amantadine Hydrochloride Capsules, USP, 100 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product Symmetrel Capsules, 100 mg of Endo Pharmaceuticals Inc.

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Shares of Riddhi Corporate Services get listed
Jun 22,2017

The equity shares of Riddhi Corporate Services (Scrip Code: 540590) are listed effective 22 June 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Tata Motors accelerates after committee approves fund raising
Jun 22,2017

The announcement was made after market hours yesterday, 21 June 2017.

Meanwhile, the S&P BSE Sensex was up 124.05 points or 0.4% at 31,407.69.

On the BSE, 21,247 shares were traded on the counter so far as against the average daily volumes of 5.36 lakh shares in the past one quarter. The stock had hit a high of Rs 462.70 and a low of Rs 458 so far during the day.

Tata Motors said that duly authorised committee approved offering for subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, 7.50% coupon, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, at par, aggregating up to Rs 500 crore.

On 15 June 2017, the company had said that it is desirous of offering the eighth series of its NCDs aggregating to Rs 500 crore and in this regard will hold a meeting of its duly constituted committee of the board on 21 June 2017.

The issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors resolution passed at its meeting held on 23 May 2017.

On a consolidated basis, net profit of Tata Motors declined 16.8% to Rs 4336.43 crore on 2.9% decline in net sales to Rs 77217.19 crore in Q4 March 2017 over Q4 March 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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Outcome of board meeting of Cerebra Integrated Technologies
Jun 22,2017

Cerebra Integrated Technologies announced that the Board of Directors at its meeting held on 22 June 2017 transacted the following -

Allotment of 1,19,00,000 Equity Shares on preferential basis to StrategicInvestor, Kuber Global Fund, a company incorporated in the Republic ofMauritius.

Allotment of 53,00,000 Warrants convertible into Equity Shares on preferential basis to certain Promoters.

Convening 23rd Annual General Meeting of the Shareholders, Book closure and related matters.

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Glenmark Pharmaceuticals receives tentative ANDA approval for Solifenacin Succinate Tablets
Jun 22,2017

Glenmark Pharmaceuticals has been granted tentative approval by the United States Food & Drug Administration (U.S. FDA) for SolifenacinSuccinate Tablets, 5 mg and 10 mg, the generic version of Vesicaren++ Tablets, 5 mg and 10 mg of Astellas Pharma US Inc.

According to IMS Health sales data for the 12 month period ending April 2017, the Vesicaren++ Tablets, 5 mg and 10 mg market achieved annual sales of approximately $1.1 billion.

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Piramal Enterprises may gain on fund raising plan
Jun 22,2017

Reliance Communications clarified with regards to news titled Rcom puts Mumbai, Delhi real estate assets on the block to pare debt,that the company has initiated the monetization programme for its real estate properties. The announcement was made after market hours yesterday, 21 June 2017.

Piramal Enterprises announced that a meeting of the administrative committee of the board will be held on 27 June 2017 for consideration of issue of secured non-convertible debentures of upto Rs 500 crore on private placement basis. The announcement was made after market hours yesterday, 21 June 2017.

Tata Motors said that duly authorised committee approved offering for subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, 7.50% coupon, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, at par, aggregating up to Rs 500 crore. The announcement was made after market hours yesterday, 21 June 2017.

Federal Bank said that a committee meeting will be held on or after 27 June 2017 to consider the issue price of qualified institutional placement. The announcement was made after market hours yesterday, 21 June 2017. QIP opened on 21 June 2017 and floor price of Rs 117.04 per share has been fixed.

Mindtree has introduced Mindtree Integrated Services. The service combines next-practice methods and tools to tightly integrate infrastructure and applications into a unified foundation that provides up to 30% cost savings from traditional operating models. The announcement was made after market hours yesterday, 21 June 2017.

Integrated Services is powered by Mindtree CAPE, a customizable plug-and-play platform that integrates the enterprise technology landscape and accelerates the automation journey. It is equipped with converged capabilities of DevOps and Agile along with technologies like Robotic Process Automation and Cognitive Computing.

NHPC has signed a memorandum of understanding on 20 June 2017 with Ministry of Power, Government of India for year 2017-18. The salient features of the MoU include generation target under excellent rating has been set as 24000 MU as against last year target of 23500 MU. Excellent targets for revenue from operations has been kept as Rs 7350 crore. The announcement was made after market hours yesterday, 21 June 2017.

Operating profit as a % of revenue from operations (Net) has been kept as 25.09%. PAT/average networth has been kept as 7.15%. Ensure optimum utilisation of budget CAPEX programme of NHPC has been assigned 10% weightage in the MOU 2017-18.

Further, targets regarding plant availability Factor, Forced Outage and Reduction in outstanding claims, Trade Receivables, dividend/ PAT etc have been included in the MoU. Human Resources Management (HRM) related parameters have also been included with 10% weightage in the MOU.

Persistent Systems and Attivio announces Engage 360, on the salesforce AppExchange. Built on Attivios Cognitive Search and Insights Platform, Engage 360 helps organizations improve customer service productivity and effectiveness with optimized turnaround on customer issues and cases, better mean time resolution, faster agent on-boarding and effective service supervision. The result is better customer satisfaction and loyalty, improved service staff productivity and fulfillment and higher customer and staff retention rates. The announcement was made after market hours yesterday, 21 June 2017.

Prism Cement announced that its step down joint venture, Sanskar Ceramic, has completed the expansion of 4.2 million m2 (MSM) per annum Vitrified Tiles capacity at its Dhuva plant, Morbi. The commercial production has commenced from 21 June 2017. With this expansion, the company would be able to reduce outsourcing of vitrified tiles from third party sources and become more self-reliant. The capacity of Sanskar now stands at 2.3 MSM of wall tiles and 4.2 MSM of vitrified tiles.

The overall capacity of H & R Johnson (India), a Division of Prism Cement, along-with its joint ventures and subsidiaries would stand at over 65 MSM per annum. The announcement was made after market hours yesterday, 21 June 2017.

Ashok Leyland announced that the board of directors of its subsidiary, Hinduja Leyland Finance at their meeting held on 23 May 2017 had decided withdraw the Draft Red Herring Prospectus (DRHP) and accordingly the DRHP had been withdrawn from SEBI on 16 June 2017. The announcement was made after market hours yesterday, 21 June 2017.

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Atishay bags order for preparation and printing of PVC Elector Photo Identity Card
Jun 21,2017

Atishay has been awarded work order for preparation and printing of PVC Elector Photo Identity Card for Maharashtra State. The voter count in Maharashtra state is 8.34 crore.

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Bank of India gets reaffirmation in credit ratings
Jun 21,2017

Bank of India announced that ICRA has reaffirmed the rating assigned to Bank for IPDI Bonds and Term Deposit program of the Bank as ICRA AA(-) and MAA+ respectively.

The outlook on these rating is however revised from Stable to Negative.

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Reliance Defence & Engineering delivers newbuilt Panamax Bulk Carrier
Jun 21,2017

Reliance Defence & Engineering has successfully delivered yet another 73,500 DWT new-built Ice-class Panamax Bulk Carrier viz. Golden Opal on 21 June 2017 to an international customer.

Reliance Shipyard has delivered till date eight similar size, Ice-class Panamax Vessels to its international customers. The Vessel has been built as per one of the best-in-class international standards meeting the toughest environmental emission norms as well as fuel economy (EEDI) standards.

These are the largest dry bulk carriers of its class ever built in India. RDEL is the only Indian Shipyard to achieve this landmark.

The Shipyard meets the latest Performance Standards for Protective Coating (PSPC) which ensures most advanced painting solution protecting the marine life while increasing the life to the vessel.

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Premier receives Rs 83.51 crore from DFCC (subsidiary of India Railways)
Jun 21,2017

Premier has received Rs 83.51 crore (net) as a part payment towards compensation from the DFCC (a subsidiary of the Indian Railways) for compulsorily acquiring a part of the Companys land. Of this, Rs 62.5 crore has been utilised to repay term debt, all public fixed deposits and other high cost debt. The balance has been used in operations of the Company.

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