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Allahabad Bank announces appointment of Executive Director
Feb 20,2017

Allahabad Bank announced that in exercise of the powers conferred by sub-section 3(a) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980, read with Sub clause (1) of Clause 3 and sub clause (1) of Clause 8 of the Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Govt, of India, Ministry of Finance, Department of Financial Services vide their Notification dated 16 February 2017, have appointed S. Harisankar, CGM, State Bank of Travancore, as Executive Director of the Bank for a period of three years with effect from the date of his taking over charge of the post or until further orders, whichever is earlier.

Accordingly, S. Harisankar has taken over the charge of Executive Director of the Bank on date i.e. 18 February 2017.

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State Bank of India intimates of proposed bank strike
Feb 20,2017

State Bank of India announced that the Bank have been advised by the Indian Banks Association (IBA) that members of United Forum of Bank Unions (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, NOBW, INBOC & NOBO) have served notices of strike on Indian Banks Association, informing their decision to go on strike on 28 February 2017 in all the banks on certain issues.

All India State Bank Officers Federation and All India State Bank of India Staff Federation, being part of UFBU will also participate in the said .

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Board of Havells India approves purchase of Lloyd Electrics Consumer Durables Business
Feb 20,2017

Havells India announced that the Company in its Board Meeting held on 18 February 2017, has approved the purchase of Consumer Durables Business of Lloyd Electric and Engineering on a going concern basis, subject to due diligence and other regulatory approvals.

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Jaiprakash Power Ventures allots 305.80 crore equity shares
Feb 20,2017

Jaiprakash Associates announced that the Stakeholders Relationship Committee of Jaiprakash Power Ventures (JPVL), a subsidiary of the Company, in its meeting held 18 February 2017, has allotted 305,80,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 10/- per share to its various lenders, upon approval of allocation of conversion of part of their outstanding debt amount into Equity Shares, pursuant to implementation of SDR.

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Prima Plastics commences commercial production at newly set up manufacturing plant
Feb 18,2017

Prima Plastics announced that the new plant for manufacturing of plastic moulded articles at Ongole with an installed capacity of 1500 tons per annum approximately has been completed and the commercial production and operations at Ongole have commenced with effect from 17 February 2017.

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Board of State Bank of Travancore approves raising upto Rs 600 crore
Feb 18,2017

State Bank of Travancore announced that the Executive Committee of the Board of Directors of the Bank in its meeting held on 18 February 2017 has approved the raising of up to Rs. 600 crore by way of issue of Basel III compliant Additional Tier I Bonds by private placement.

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Shivam Autotech gets revision in credit ratings
Feb 18,2017

Shivam Autotech has received revision in credit ratings from Credit Analysis & Research as under -

Long term bank facilities - CARE BBB+ (Revised from CARE A-)
Short term bank facilities - CARE A2+ (Revised from CARE A1)

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Board of Chartered Logistics accepts resignation of director
Feb 18,2017

Chartered Logistics announced that the Board of Directors at their Meeting held on 18 February 2017, considered and approved the following matters:

- Resignation of Nirzari Shah as an Independent Director of the Company w.e.f 18 February 2017.

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Williamson Financial Services to invest in preference shares of McNally Bharat Engineering Company
Feb 18,2017

Williamson Financial Services announced that the Company has decided to subscribe for not exceeding 15,151,515 Compulsorily Convertible Preference Shares of Rs. 10/- each at a price of Rs. 66/- per Share in the Private Placement Offer to be made by McNally Bharat Engineering Company .

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Himatsingka Seide incorporates subsidiary in England
Feb 18,2017

Himatsingka Seide has incorporated a wholly owned subsidiary in Europe namely n++Himatsingka Europen++, which is registered with the Registrar of Companies for England and Wales on 17 February 2017. This will help to strengthen the distribution network in Europe.

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Board of CIAN Agro Industries & Infrastructure approves acquisition of Jairam Infraventures
Feb 18,2017

CIAN Agro Industries & Infrastructure announced that the Board of Directors of the Company at its meeting held on 18 February 2017 approved to acquire entire 100% paid up equity share capital of Jairam Infraventure, comprising of 10000 equity shares of Rs 10 each at par to make it a wholly owned subsidiary of the Company.

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Williamson Magor & Company to invest in preference shares of McNally Bharat Engineering Company
Feb 18,2017

Williamson Magor & Company Ltd has informed BSE that the Company has decided to subscribe for not exceeding 15,151,515 Compulsorily Convertible Preference Shares of Rs. 10/- each at a price of Rs. 66/- per Share in the Private Placement Offer to be made by McNally Bharat Engineering Company.

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Lime Chemicals announces demise of Chairman
Feb 18,2017

Lime Chemicals announced about the sad demise of M.M. Gadgil, Chairman (Independent, Non-Executive Director) on 14 February 2017.

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Dilip Buildcon secures road project on NH-361 from NHAI
Feb 18,2017

Dilip Buildcon announced that a Letter of Award issued by National Highways Authority of India (Ministry of Road Transport & Highways, Government of India) to Dilip Buildcon for the Project Four Laning of Tuljapur-Ausa (Including Tuljapur Bypass) Section of NH-361 from Km 0.000 to km 55.835 under NHDP Phase IV on Hybrid Annuity Mode in the State of Maharashtra.

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Blue Star decides to incorporate subsidiary in Dubai Airport Free Zone
Feb 18,2017

Blue Star announced that in partial modification of the resolution passed by the Board of Directors of the Company at its meeting held on 10 November 2016, the Directors have approved change in location for incorporation of wholly owned subsidiary of the Company in Dubai Airport Free Zone instead of Dubai South.

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