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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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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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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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Asia Pack disposes off entire stake in Rhyah Tradex
Jun 21,2017

Asia Pack has has sold / disposed off its entire holding (i.e.10000 Equity shares) in Rhyah Tradex Private Limited, consequently the Rhyah Tradex Private Limited is no Longer subsidiary of the Company. The reason for dispose off the equity share is that since last one year said company was not doing any business and has no assets.

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Godrej Consumer Products intimates of amdement in capital clause of MoA and AoA
Jun 21,2017

Godrej Consumer Products announced that the Capital Clause of the MoA and AoA has been amended to facilitate the issue of bonus shares.

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Rolta India provides update on step down subsidiary - Rolta Advizex Technologies
Jun 21,2017

Rolta India announced that .R. Howdyshell, has been appointed as President of Rolta Advizex Technologies LLC, USA, Companys step down subsidiary.

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Persistent Systems and Attivio announces Engage 360 on Salesforce AppExchange
Jun 21,2017

Persistent Systems and Attivio announces Engage 360, on the salesforce AppExchange. Built on Attivios Cognitive Search and Insights Platform, Engage 360 helps organisations improve customer service productivity and effectiveness with optimised 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 fulfilment and higher customer and staff retention rates.

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NHPC signs MOU with Ministry of Power, GoI
Jun 21,2017

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 are enlisted below -

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.

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.

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Mindtree introduces Mindtree Integrated Services
Jun 21,2017

Mindtree has introduced Mindtree Integrated Services. The servicecombines 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.

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 RoboticProcess Automation and Cognitive Computing.

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