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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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Vista Pharmaceuticals to hold EGM
Mar 08,2017

Vista Pharmaceuticals announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 March 2017 .

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Satin Creditcare Network to hold board meeting
Mar 08,2017

Satin Creditcare Network will hold a meeting of the Board of Directors of the Company on 10 March 2017, to consider Increase in Authorized Share Capital of the Company, consider further issuance of Securities on private placement basis, to persons belonging to promoter/non promoter category, in compliance with applicable rules and regulations. and to decide about the EGM date and other requisite details.

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Federal Bank appoints Part Time Chairman
Mar 08,2017

Federal Bank announced that RBI has accorded approval vide its letter dated 07 March 2017, for appointing K M Chandrasekhar, who is a Director on the Board of the Bank, as Part Time Chairman of the Bank for a period of one year, effective from 01 March 2017.

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NILE fixes record date for interim dividend
Mar 08,2017

NILE has fixed 24 March 2017 as the record date for the purpose of payment of interim dividend. The Interim dividend will be paid on or before 30 March 2017.

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Hindalco Industries announces closure of QIP issue
Mar 08,2017

Hindalco Industries announced that in respect of the QIP, the Capital Raising Committee of the Company at its meeting held on 08 March, 2017 has, inter alia, passed the following resolutions:

a. Approved the closure of the issue period for the QIP on 08 March 2017;

b. Determined and approved the Issue price of Rs. 189.45/- per Equity Share (including a premium of Rs. 188.45/- per Equity Share). [The Floor Price is Rs. 184.45/- per Equity Share determined as per the formula prescribed under Regulation 85(1) of the SEBI ICDR Regulations for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP]; and

c. Approved and adopted the placement document dated 08 March 2017, in connection with the QIP.

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Cadila Healthcare gains after receiving final approval from USFDA for drug
Mar 08,2017

The announcement was made during market hours today, 8 March 2017.

Meanwhile, the S&P BSE Sensex was down 70.26 points or 0.24% at 28,929.30.

On the BSE, 55,640 shares were traded on the counter so far as against the average daily volumes of 1.19 lakh shares in the past one quarter. The stock had hit a high of Rs 444 and a low of Rs 436 so far during the day. The stock had hit a record high of Rs 460 on 17 February 2017. The stock had hit a 52-week low of Rs 305 on 12 April 2016.

The stock had outperformed the market over the past one month till 7 March 2017, rising 18.61% compared with 2.34% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.35% as against Sensexs 10.53% gains.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Cadila Healthcare has received final approval from the United States Food & Drug Administration (USFDA) to market Tizanidine Hydrochloride Capsules, USP in strengths of 2 mg, 4 mg and 6 mg.

The drug, which is a muscle relaxant, will be produced at the special economic zone (SEZ) facility located at Ahmedabad. The estimated annual sales for Tizanidine Hydrochloride Capsules is $58.60 million as per IMS Jan 2017.

Cadila Healthcares consolidated net profit fell 34.6% to Rs 281.60 crore on 0.8% decrease in net sales to Rs 2249.60 crore in Q3 December 2016 over Q3 December 2015.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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Firstsource Solutions allots 750,000 equity shares
Mar 08,2017

Firstsource Solutions has allotted 750,000 Equity shares of Rs.10/- each bearing distinctive numbers 680,036,638 to 680,786,637 on March 03, 2017, under Employee Stock Option Scheme 2003 of the Company. Consequent to the said allotment, the paid up capital of the Company has increased to Rs. 6,807,866,370 consisting of 680,786,637 Equity shares of Rs.10/- each.

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Chartered Logistics bags order worth Rs 6.3 crore
Mar 08,2017

Chartered Logistics has bagged order worth Rs 6.3 crore from GHCL to be completed in three months. Up on completion, the company expects orders worth Rs 15 crore from GHCL to be completed in 9 months.

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Chartered Logistics bags order worth Rs 6.3 crore
Mar 08,2017

Chartered Logistics has bagged order worth Rs 6.3 crore from GHCL to be completed in three months. Up on completion, the company expects orders worth Rs 15 crore from GHCL to be completed in 9 months.

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NTPC commissions 45 MW of Bhadla Solar Power Project
Mar 08,2017

NTPC announced that 45 MW of Bhadla Solar Power Project of NTPC has been commissioned. With this, the installed capacity of Bhadla Solar Power project has become 160 MW and that of NTPCs solar power projects has become 520 MW. The total installed capacity of NTPC on standalone basis has become 41222 MW and that of NTPC group has become 48188 MW.

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NTPC commissions 45 MW of Bhadla Solar Power Project
Mar 08,2017

NTPC announced that 45 MW of Bhadla Solar Power Project of NTPC has been commissioned. With this, the installed capacity of Bhadla Solar Power project has become 160 MW and that of NTPCs solar power projects has become 520 MW. The total installed capacity of NTPC on standalone basis has become 41222 MW and that of NTPC group has become 48188 MW.

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Adani Power leads losers in A group
Mar 08,2017

Adani Power lost 4.46% to Rs 38.60 at 13:36 IST. The stock topped the losers in the BSEs A group. On the BSE, 9.81 lakh shares were traded on the counter so far as against the average daily volumes of 12.27 lakh shares in the past two weeks.

NMDC dropped 4.21% to Rs 141.10. The stock was the second biggest loser in A group. On the BSE, 3.97 lakh shares were traded on the counter so far as against the average daily volumes of 3.86 lakh shares in the past two weeks.

Religare Enterprises fell 4.02% at Rs 216.15. The stock was the third biggest loser in A group. On the BSE, 9,898 shares were traded on the counter so far as against the average daily volumes of 3,225 shares in the past two weeks.

Cairn India declined 3.38% at Rs 279. The stock was the fourth biggest loser in A group. On the BSE, 58,000 shares were traded on the counter so far as against the average daily volumes of 80,000 shares in the past two weeks.

Reliance Communications slipped 2.9% to Rs 35.10. The stock was the fifth biggest loser in A group. On the BSE, 19.36 lakh shares were traded on the counter so far as against the average daily volumes of 37.03 lakh shares in the past two weeks.

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Environment Minister launches Web Portal for obtaining CRZ Clearances
Mar 08,2017

The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, launched the web portal for obtaining Coastal Regulation Zone clearances, here today. The Minister termed the launch of the portal as a good example of Ease of Doing Business.

The Portal is a web-based system for obtaining clearances required from the Ministry under the n++Coastal Regulation Zonen++ (CRZ) by the Project proponents. The system will enable the Project proponents and the concerned State/Union Territory bodies like the State Coastal Zone Management Authorities (SCZMAs) and Municipal/Town Planning agencies in tracking the status of their proposals. The system is based on web architecture, similar to the existing systems in place for according environmental and forest clearances.

The Portal is a very user-friendly initiative, which enables submission of applications for CRZ clearance in a single-window interface and facilitates quick flow of information related to CRZ clearances. The portal allocates a unique identity for each proposal for all future references. It is accessible from any computer with internet facility.

The objectives of the web portal include - enhancing efficiency, transparency and accountability in the process of CRZ clearances; enhance responsiveness through workflows and availability of real-time information on the status of CRZ clearance proposals; ease of business and convenience of citizens in accessing information and services; standardised procedures and processes across Central and State levels.

There are other initiatives underway, like the notification of High Tide Line/Low Tide Line (HTL/LTL), ecologically sensitive areas falling under CRZ-1, hazard line etc. All these steps are aimed at minimising discretions and enhancing accountability at all levels.

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Kotak Bank scales record high as board approves hike in foreign investment limit
Mar 08,2017

The announcement was made during market hours today, 8 March 2017.

Meanwhile, the S&P BSE Sensex was down 150.84 points or 0.52% at 28,848.72

A large bulk deal of 2.77 crore shares was executed on the scrip at Rs 827 per share in opening trade on BSE. Bulk deal boosted volume on the scrip. On the BSE, 2.77 crore shares were traded on the counter so far as against the average daily volumes of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 839.75 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 820.05 so far during the day. The stock had hit a 52-week low of Rs 631.50 on 15 March 2016.

The stock had outperformed the market over the past one month till 7 March 2017, advancing 6.51% compared with the Sensexs 1.97% rise. The scrip had also outperformed the market over the past one quarter, gaining 11.55% as against the Sensexs 10.53% rise.

The large-cap bank has equity capital of Rs 919.93 crore. Face value per share is Rs 5.

Kotak Mahindra Banks net profit rose 38.6% to Rs 879.76 crore on 11.02% growth in total income to Rs 5377.83 crore in Q3 December 2016 over Q3 December 2015.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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Board of Hexaware Technologies approves scheme of amalgamation
Mar 08,2017

Hexaware Technologies announced that the Board of Directors at its meeting held on 08 March 2017 has approved scheme of amalgamation of Risk Technology International, a wholly owned subsidiary of Hexaware Technologies with Hexaware, subject to requisite approvals.

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