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Board of Gradiente Infotainment approves change in directorate
Dec 07,2016

Gradiente Infotainment announced that the Board of Directors of the Company at its meeting held on 07 December 2016, inter alia, were approved the following:

1. Appointment of Syed Fareeduddin as an additional director in independent category. Syed Fareeduddin is President & Head of Operations of Ceran International Energy, Germany.

2. Appointment of Sanidhya Saxena as an additional director in independent category.

3. Appointment of Balachandar Mallicarjunan as an additional director in independent category.

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Canara Bank revises MCLR rates
Dec 07,2016

Canara Bank has revised the MCLR rates for the month of December 2016 as follows -

Overnight - 8.90%
1 month - 8.95%
3 months - 9.05%
6 months - 9.10%
1 year - 9.15%.

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CIL Nova Petrochemicals allots equity shares
Dec 07,2016

CIL Nova Petrochemicals announced that the Management Committee of Directors on 07 December 2016 approved the allotment of 1,35,50,000 equity shares of Rs 10 each at a price of Rs 14.50 issued on rights basis.

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Indian Overseas Bank announces cessation of director
Dec 07,2016

Indian Overseas Bank announced that S Sujatha , Part-time Non-Official Director of the Bank, demitted office on 04 December 2016 on completion of her term of office.

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IndusInd Bank to allot Bonds aggregating Rs 1500 crore
Dec 07,2016

IndusInd Bank announced that the Board of Directors of the bank have passed a resolution for issuance of Senior Unsecured Redeemable Non-Convertible Long Term Bonds in the nature of Debentures of face value of Rs 10 lakh, for cash, aggregating Rs 1500 crore on private placement basis.

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eClerx Services merges two of its US based subsidiaries
Dec 07,2016

eClerx Services announced that Agilyst Inc. USA, step down subsidiary of the Company, having its registered office at 1880 John F Kennedy Blvd, Suite 400, Philadelphia, PA 19103, USA, has been merged into eClerx LLC, USA, wholly owned subsidiary of the Company, having its registered office at 286 Madison Avenue, 14th Floor, New York, NY 10017, USA. The merger aims at administrative convenience and maintaining lean corporate structure.

The said merger was approved by the relevant State Authorities under applicable US laws and is effective from 01 January 2017.

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Board of Gujarat Ambuja Exports to consider Buyback of shares
Dec 07,2016

Gujarat Ambuja Exports announced that the Meeting of Board of Directors of the Company will be held on 13 December 2016, inter alia, to consider the proposal for Buy Back of the fully paid-up equity shares of the Company.

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Tata Steel intimates of divestment of TM Harbour Services
Dec 07,2016

Tata Steel announced that its subsidiary, TM International Logistics has divested entire stake in its wholly owned step down subsidiary TM Harbour Services. The stake has been divested to Adani Ports & Special Economic Zone for a total consideration of Rs 106 crore in an all cash deal.

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Tata Steel intimates of divestment of Harbour Services
Dec 07,2016

Tata Steel announced that its subsidiary, TM International Logistics has divested entire stake in its wholly owned step down subsidiary TM Harbour Services. The stake has been divested to Adani Ports & Special Economic Zone.

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Rudraksh Cap-Tech announces change in website
Dec 07,2016

Rudraksh Cap-Tech announced that the domain name of website of the company was changed from www.rudrakshcap-tech.com to www.aexanderstampsandcoin.com pursuant to certificate of change of name as received from Ministry of Corporate affairs.

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Phoenix Mills to hike stake in Alliance Spaces
Dec 07,2016

Phoenix Mills announced that its subsidiary, Phoenix Hospitality Company has 57.99% stake holding in Alliance Spaces. Hence, Alliance Spaces is an indirect subsidiary of the Company and the Company has an effective shareholding of 33.01%.

On 06 December 2016, the Company has entered into a share purchase agreement for acquisition of 20.01% stake holding in K2A Hospitality, an equity shareholder of Alliance Spaces.

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Monnet Ispat & Energy Director resigns
Dec 07,2016

Monnet Ispat & Energy announced that the Company has on 07 December 2016 received a letter from Amit Dixit, Independent Director of the Company, tendering-his resignation from the Board of Directors of the Company w.e.f. 06 December 2016.

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Allahabad Bank announces change in directorate
Dec 07,2016

Allahabad Bank announced that in exercise of the powers conferred by sub-section 3(c) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with Sub clause (1) of Clause 3 of the Nationalized Banks (Management 8s Miscellaneous Provisions) Scheme, 1970, the Govt, of India, Ministry of Finance, Department of Financial Services vide their Notification dated 06 December 2016, have nominated Vivek Deep, Regional Director, Kanpur, Reserve Bank of India, Director on the Board of Bank in place of A. Udgata with immediate effect until further orders.

Accordingly, A. Udgata has ceased to be the Director of Bank with effect from 06 December 2016 and Vivek Deep has joined the Bank as Director with effect from 06 December 2016.

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Shares of IFM Impex Global lists on Metropolitan Stock Exchange of India
Dec 07,2016

IFM Impex Global announced that the equity shares of the Company, IFM Impex Global, have been listed on Metropolitan Stock Exchange of India w.e.f. 09 December 2016 vide notice dated 06 December 2016.

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Indian Oil Corporation signs Consortium Agreement for 60 MMTPA refinery project in Maharashtra
Dec 07,2016

Indian Oil Corporation announced that Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation signed a Consortium Agreement on 07 December 2016 to carry out pre-project activities for setting up of West Coast Refinery and a Petrochemical Project of approximately 60 MMTPA capacity in the state of Maharashtra through a Joint Venture Company.

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