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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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Spice Mobility intimates of incorporation of step down subsidiary
Feb 18,2017

Spice Mobility announced that its step down subsidiary - SGIC has incorporated Omnia, as a wholly owned subsidiary company in Singapore for undertaking activities relating to development of software for interactive Digital Media (except games).

Consequently, Omnia has also become a step down subsidiary of the Company.

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Religare Enterprises provides update on indirect subsidiary - Religare Wealth Management
Feb 18,2017

Religare Enterprises announced that Religare Wealth Management , an indirect subsidiary of the Company has entered into a definitive agreement on 17 February 2017 with the Anand Rathi Group to sell its interests in its wealth management business subject to necessary approvals.

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Maximum Possible Marks to Indian NRA in WHO Assessment
Feb 18,2017

WHO has completed the assessment of the status of the Indian vaccine regulatory system against WHO NRA Global Benchmarking Tool (GBT) for benchmarking and measured the maturity of the system. The assessment has been carried out by a WHO team comprising lead experts in different areas from WHO Headquarters Geneva, WHO India Country Office, experts drawn from the regulators of USA, Italy, Germany, Netherlands, Indonesia, Thailand and Egypt. The assessment has been done in respect of nine different functionalities and Indian NRA has been declared functional with a maturity level of 4 i.e. the highest level as per currently evolved definitions in respect of 5 functions, and maturity level 3 in respect of 4 functions. While, maturity level 4 indicates good results and sustained improvement trends, maturity level 3 reflects systematic process based approach, early stage of systematic improvements, data availability regarding conformance to objectives and existence of improvement trends.

India is one of the main players in the pharmaceutical industry worldwide. The pharmaceutical industry covers conventional as well as biological medicinal products including vaccines, medical devices, and traditional medicines. India, as a large vaccine producing country, is currently supplying several vaccines to the UN agencies (UNICEF, WHO and PAHO).

A fully functional NRA is a pre-requisite for WHO prequalification of vaccines. One of the requirements to become eligible and retain prequalification status is to have the National Regulatory Authority (NRA) assessed as functional against the WHO published NRA indicators. WHO Prequalification Programme, as such, facilitates access to vaccines that meet the unified standards of quality, safety and efficacy as well as programme needs. The vaccine manufacturers can only apply for WHO vaccine prequalification if the NRA meets the standards of the WHO NRA published indicators i.e. WHO Global benchmarking Tool on functional regulatory system for vaccines.

World Health Organisation (WHO) has, based on a robust benchmarking tool developed over years in consultation with various experts drawn from across the globe, carried out assessment of the National Regulatory Authority (NRA) of India comprising the Central Drugs Standard Control Organisation (CDSCO), State Drug Regulatory Authorities, Pharmaco-vigilance Programme of India (PvPI) and Adverse Events Following Immunization (AEFI) structures at the Central and States levels. The nine functions included in the tool are National Regulatory System; Registration and Marketing Authorization; Vigilance; Laboratory Access and Testing; Regulatory Inspection; Clinical Trial Oversight; NRA Lot Release; Licensing Premises; and Market Surveillance and Control. The Global Benchmarking Tool (GBT) so developed has 63 indicators and 288 sub-indicators, out of which 150 are critical with the following maturity level definitions:

The result reflects the growing maturity of the Indian NRA emanating from a concerted effort by the Government in consultation WHO to build capacity and capability of the National Regulatory Authority over last several years.

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Auroma Coke fixes record date for consolidation of shares
Feb 17,2017

Auroma Coke has 09 March 2017 as fixed record date for consolidation of shares.

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Board of Auroma Coke approves consolidation of shares
Feb 17,2017

Auroma Coke announced that the Board of Directors of the Company at its meeting held on 14 February 2017 approved consolidation of equity share capital of the Company by which 100 equity shares of Rs 10 each will be consolidated into 1 equity share of Rs 1000. The Board has fixed record date of 9 March 2017 to determine the shareholders for purpose of exchange of existing shares of Rs 10 with the new shares of Rs 1000.

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Board of Bhanderi Infracon allots warrants to Non-Promoters
Feb 17,2017

Bhanderi Infracon announced that the Board of Directors of the Company at its meeting held on 17 February 2017 has allotted 667000 warrants to Non Promoters.

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CIL Nova Petrochemicals director resigns
Feb 17,2017

CIL Nova Petrochemicals has on 17 February 2017 received an intimation dated 17 February 2017 from Vedprakash Chiripal, Director tendering his resignation from the company with immediate effect.

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Board of TCI Industries allots 31402 preference shares (NCRPS)
Feb 17,2017

TCI Industries announced that pursuant to the Members approval accorded in their Annual General Meeting held on 02 August 2016, the Share Allotment Committee of the Board of Directors of the Company at its meeting held on 17 February 2017 has issued and allotted 31402, 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 the entities belonging to the Promoter & Promoter Group of the Company.

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GPT Infraprojects secured order worth Rs 64 crore
Feb 17,2017

GPT Infraprojects has bagged an order worth Rs 64 crore from Rail Vikas Nigam for construction of major bridge over river Chanderbagha, ROB and RUB with approached at road crossings in Virbhadra- New Rishikesh-Shivpuri section of Rishikesh-Karanprayag new BG rail line project in the state of Uttarakhand.

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Bharat Petroleum Corporation plans to raise Rs 2000 crore in current FY
Feb 17,2017

Bharat Petroleum Corporation announced that at the Annual General Meeting of Bharat Petroleum Corporation (BPCL) held on 21 September 2016, Shareholders of the Company approved Private Placement of Non-Convertible Bonds/Debentures and/or Other Debt Securities. In exercise of the said delegated authority, BPCL is planning to raise up to Rs. 2,000 crore during the current financial year through private placement of secured non-convertible debentures subject to market conditions. The Debentures are proposed to be listed on Debt Market segment of the BSE and National Stock Exchange of India (NSE). The details of the issue viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue.

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Axis Bank keeps MCLRs unchanged
Feb 17,2017

Axis Bank has reviewed and decided to keep the MCLRs of the Bank unchanged. This will be effective from 18 February 2017. The One year MCLR stands unchanged at 8.25%.

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Dynamatic Technologies inaugurates facility for manufacture of major assemblies of Bell 407
Feb 17,2017

Dynamatic Technologies inaugurated its first facility at the KIADB Aerospace Park next to the Bangalore International Airport. It is the first facility on the sprawling 27 acres Dynamatic Aerotropolis. Dynamatic will manufacture Major Sub-Assemblies of the Bell 407 from the park, with gradual expansion of the work package for Bell 407.

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Hypersoft Technologies appoints company secretary and compliance officer
Feb 17,2017

Hypersoft Technologies appoints Nagajyothi Gumpena as Company Secretary and Compliance Officer of the Company with effect from 16 February 2017 at board meeting held on 17 February 2017.

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Outcome of board meeting of South Asian Enterprises
Feb 17,2017

South Asian Enterprises announced that on the recommendation of Nomination and Remuneration Committee the Board of Directors of the Company in its meeting held on 14 February 2017 has approved the removal of S.P. Singh as the Chief Financial Officer of the Company w.e.f. 31 March 2017.

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Board of Orient Paper & Industries allots equity shares on rights basis
Feb 17,2017

Orient Paper & Industries announced that the Rights Issue Committee of the Company, in its meeting held on 17 February 2017 has approved the allotment of 7,316,742 Equity shares of face value Rs. 1 each at a price of Rs. 68 per equity share (including a premium of Rs. 67 per equity share) issued on a rights basis, to all eligible applicants, who have subscribed to the said issue and whose applications were valid.

Pursuant to above, the paid up share capital of the Company stands increased to Rs. 21.21 crore divided into 212,185,502 Equity shares of Rs. 1 each.

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