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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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CG Power & Industrial Solutions divests its power business in USA
Aug 01,2017

CG Power & Industrial Solutions announced that its subsidiary - CG Power System Belgium NV on 31 July 2017 has completed the divestment of power business in USA, comprised in its wholly owned overseas step-down subsidiary, CG Power USA Inc. to WEG Electric Corp, a nominee of WEG S.A.- a Brazilian publicly listed Company, for an enterprise value of USD 37 Million.

Consequently, effective 31 July 2017, CG Power USA Inc. ceases to be a wholly owned step-down overseas subsidiary of the Company and has been renamed as WEG Transformers USA Inc upon completion of the divestment.

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Tulsi Extrusions director resigns
Aug 01,2017

Tulsi Extrusions announced that the Board of the Company has accepted the resignation of Sachin Lohiya from post of Executive Director of the Company with effect from 31 July 2017.

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Persistent Systems acquires PARX, Switzerland
Aug 01,2017

Persistent Systems announced that its wholly owned subsidiary in Germany, Persistent Systems Germany GmbH had completed the acquisition of PARX Werk AG, Switzerland (PARX), a Salesforce Certified Platinum Partner in DACH region on 31 July 2017.

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IL&FS Transportation Networks provides update on Dubai Supreme Court and car park project
Aug 01,2017

IL&FS Transportation Networks announced that Park Line LLC, a company incorporated by the consortium of ITNL International, Singapore, a wholly owned subsidiary of the Company and Next Generation Parking has achieved financial closure for development of the Dubai Supreme Court and Automated Car Park facility.

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Om Metals Infraprojects to receive arbitration award of Rs 44.5 crore
Aug 01,2017

Om Metals Infraprojects announced that in arbitration proceedings no. 01/2016 for the project of Tapovan Vishnugarh of NTPC at Uttranchal, India the arbitral tribunal awarded and published the arbitration award for a sum of Rs. 44.5 crore in favour of Om metals Infraprojects for outstanding claims arising out of the EPC contract for H M work towards project delay. The claim of award shall carry interest @9.25% p.a from the award date till the actual date of realization.

Om metals as an accounting practice shall account for this claim in its books of accounts on cash basis and not on accrual basis.

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Tech Mahindra in spotlight after Q1 results
Aug 01,2017

Tech Mahindras consolidated net profit rose 34.27% to Rs 791.79 crore on 0.17% growth in total income to Rs 7746.79 crore in Q1 June 2017 over Q4 March 2017. The result was announced after market hours yesterday, 31 July 2017.

Persistent Systems announced that its Germany-based wholly-owned subsidiary, Persistent Systems Germany GmbH, completed its acquisition of PARX Werk AG, Switzerland. PARX is a salesforce certified platinum partner in DACH region. The acquisition was subject to customary closing conditions which were expected to get completed within 3-4 weeks. The announcement was made after market hours yesterday, 31 July 2017.

Sobha said its board will meet on 4 August 2017 to consider a proposal for buyback of equity shares of the company, for an aggregate amount up to Rs 62 crore. The announcement was made after market hours yesterday, 31 July 2017.

Biocon will be watched. In response to some media queries regarding the US Food and Drug Administration (USFDA) visit to Biocon in May/June 2017, a company spokesperson informed that this USFDA visit was a part of the regular periodic audit for a small molecule injectable. The company has responded to the regulator with a Corrective and Preventive Action Plan (CAPA) and is on track to implement them in a timely manner. The announcement was made after market hours yesterday, 31 July 2017.

Parsvnath Developers said it acquired 10,000 equity shares of Rs 10 each at par of Farhad Realtors (FRPL), an associate company, from the existing shareholders of FRPL, consequent upon which FRPL has become wholly owned subsidiary of the company. The announcement was made after market hours yesterday, 31 July 2017.

Vascon Engineers has received letter of award from Transcon Sheth Creators, a domestic entity for the work of civil construction, finishing, electrical and fire fighting work of residential building no 3 and 4 (Ground plus 23 Floors) in Malad (West) amounting to Rs 80.41 crore. The work has to be completed within 24 months from the date of receipt of work order. The announcement was made after market hours yesterday, 31 July 2017.

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Board of Dion Global Solutions approves change in registered office
Jul 31,2017

Dion Global Solutions announced that the Board of Directors of the Company has on 31 July 2017 approved the shifting of Registered Office of the Company from 54, Janpath, New Delhi - 110001 to Ground Floor, Prius Platinum, D3, District Centre, Saket, New Delhi - 110017 with effect from 01 August 2017.

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Oceanaa Biotek industries announces change in CFO
Jul 31,2017

Oceanaa Biotek industries announced change in CFO as under -

S. Arputhasamy has resigned from the position of Chief Financial officer of the Company due to personal reasons with effect from 31 August, 2017.

Gopal Gurumurthy has been appointed as the Chief Financial officer of the Company with effect from 31 August, 2017 due to the vacancy created by the resignation.

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Board of TCI Industries allots preference shares
Jul 31,2017

TCI Industries announced that the Board of Directors of the Company at its meeting held on 31 July 2017 has issued and allotted 3140, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Utsav Agarwal (1195 NCRPS) and Bhoruka Capital (1945 NCRPS), belonging to Promoter & Promoter Group of the Company.

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Board of Jaypee Infratech appoints directors and CFO
Jul 31,2017

Jaypee Infratech announced that the Board of Directors of the Company at its meeting held on 31 July 2017 has approved appointment of Keshav Prasad Rau and Shanti Sarup Gupta as Additional Directors with effect from 31 July 2017. The Board also appointed Ram Bahadur Singh as Additional Director and CFO with effect from 31 July 2017.

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Dredging Corporation of India awarded prestigious AMVER award
Jul 31,2017

Dredging Corporation of India has been awarded the prestigious AMVER award by the Honourable Consulate General of the USA. The award is given to those companies whose ships have actively participated in the AMVER (Automated Mutal Assistance Vessel Rescue System), a worldwide voluntary reporting system sponsored by the United States Coast Guard.

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Satin Creditcare Network invests Rs 6.99 cr in Taraashna Services
Jul 31,2017

Satin Creditcare Network announced that the Company has invested Rs. 6.99 crore in its Subsidiary Taraashna Services on 29 July 2017. The Company acquired 19,58,589 equity shares at an issue price of Rs 35.74.

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Tube Investments of India allots 7,344 equity shares
Jul 31,2017

Tube Investments of India allots 7,344 equity shares of Rs 2 each at an exercise price of Rs 44.45 per share under ESOP Scheme 2007.

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Shilpi Cable Technologies CEO resigns
Jul 31,2017

Shilpi Cable Technologies announced that Manish Bhatt has resigned from the post of CEO with effect from 31 July 2017.

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T.V. Today Network CEO resigns
Jul 31,2017

T.V. Today Network announced that Ashish Kumar Bagga has resigned from the position of Chief Executive Officer of the Company due to personal reasons with effect from 31 July 2017.

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