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IL&FS Transportation Networks provides financial update on subsidiary - Hazaribagh Ranchi Expressway
Feb 15,2017

IL&FS Transportation Networks announced that the Hazaribagh Ranchi Expressway, a subsidiary of the Company has re-financed its Debts including Senior Debt amounting to Rs. 715 crore availed for development of section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand (n++the Projectn++) by issue of Non-Convertible Debentures at a weighted average coupon of 8.56% payable semi-annually resulting in interest savings of approx. 282 bps in interest cost.

The Project was completed on 27 January 2013 and receives from NHAI a semi-annual annuity of Rs. 64.08 crore for a period of 15.5 years effective 15 September 2012.

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Board of Techno Electric & Engineering Company approves buyback of shares
Feb 15,2017

Techno Electric & Engineering Company announced that the Company vide a meeting of the Board of Directors held on 10 February 2017 has approved the Buyback of 15,00,000 fully paid-up equity shares of face value of Rs. 2/- from the equity shareholders/beneficial owners of the Company on a proportionate basis through Tender Offer Method at a price of Rs. 400/- per equity share for an amount not exceeding Rs. 60 crore representing 8.30% of the Companys paid up equity capital and free reserves as on 31 March 2016.

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Insolvency and Bankruptcy Board of India invites public comments on Draft Regulations for Voluntary Liquidation by 8th March, 2017
Feb 15,2017

The Ministry of Corporate Affairs had set-up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group-3 had a mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and Bankruptcy Code, 2016. This Working Group had earlier developed draft regulations for corporate insolvency resolution and liquidation process. Based on these drafts and after considering public comments on the same and following the due process, the Insolvency and Bankruptcy Board of India (Board) has notified (a) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and (b) the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.

This Working Group has now submitted draft regulations for Voluntary Liquidation of Corporate Persons. A corporate person who has not committed any default may initiate voluntary liquidation subject to certain conditions. It has been decided to to invite public comments on the draft regulations. Accordingly, comments on each provision of the draft regulations are invited by 8th March, 2017.

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DLF in focus after weak Q3 results
Feb 15,2017

Realty major DLFs consolidated net profit fell 46.11% to Rs 98.14 crore on 30.23% declined n net sales to Rs 2057.92 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

In a separate announcement, DLF said it has decided to extend the deadline for sale of 40% stake owned by its promoters in its rental arm DLF Cyber City Developers (DCCDL) to March 2018.

On a consolidated basis, Adani Enterprises net profit rose 61.72% to Rs 339.96 crore on 9.10% rise n net sales to Rs 8602.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

MOILs net profit rose 670.7% to Rs 101.42 crore on 299.3% rise n net sales to Rs 355.30 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Jindal Steel & Power (JSPL) reported a net loss of Rs 407.44 crore in Q3 December 2016 compared with a net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.15% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Voltas net profit rose 38.71% to Rs 80.19 crore on 6.72% decline n net sales to Rs 1174.53 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Housing Development Finance Corporation (HDFC) said it established a medium term note programme (MTN programme) for an amount of up to $750 million for enabling the corporation to issue debt instruments in the international capital markets. The establishment of the MTN programme is only an enabling step and presently, no instruments are being issued by the corporation. The announcement was made after market hours yesterday, 14 February 2017.

On a consolidated basis, Unitech reported a net loss of Rs 17.13 crore in Q3 December 2016 compared with net loss of Rs 12.25 crore in Q3 December 2015. Total income rose 8.97% to Rs 414.16 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Sagar Cements said that its board allotted 24 lakh equity shares to eligible qualified institutional buyers at Rs 720 each, aggregating to Rs 172.80 crore. The announcement was made after market hours yesterday, 14 February 2017.

Gitanjali Gems said that its wholly owned subsidiary, Gitanjali Infratech, has acquired 100% equity shares of Dynamic Infrazone for setting up and developing gems and jewellery park in Orissa. The announcement was made after market hours yesterday, 14 February 2017.

Oricon Enterprises said that its wholly owned subsidiary, Oriental Containers, has completed expansion of its plastic closures manufacturing capacity at Rs 35 crore at M.I.D.C.-Murbad, (Maharashtra) with a capacity of 1.2 billion closures per annum. With this total installed capacity of plastic closures is increased to over 8 billion per annum, highest in India. The announcement was made after market hours yesterday, 14 February 2017.

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Board of Tarai Foods appoints director
Feb 14,2017

Tarai Foods announced that the Board of Directors in their meeting held on 14 February 2017 appointed Ganesh Kumar as an Additional director (Independent) of the Company for a term of Five years upto 13 February 2022 which shall be subject to approval of Shareholders in ensuing General Meeting.

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Bharat Electronics launches Remote Controlled Weapon Station for MBT Arjun Mk II
Feb 14,2017

Bharat Electronics has unveiled a new Weapon Control system n++ Remote Controlled Weapon Station (RCWS)/Air Defence Weapon Station (ADWS) for 12.7 mm Gun of MBT Arjun Mk II battle tank, at Aero India 2017 on 14 February 2017.

The RCWS is an improvised version of the manually operated air defence gun. It enables the soldier to aim and fire at aerial targets from the safe interiors of the battle tank. Presently, the 12.7 mm guns of all tanks are manually operated. RCWS integrated on MBT Mk II has successfully completed tank integration and firing trials in September 2015. RCWS has also been developed for use in Armed Repair and Recovery Vehicle(ARRV). It can also be mounted on hovercraft / fast moving boats for the Coast Guard.

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Quess Corp completes acquisition of 64% stake in Comtel Solutions
Feb 14,2017

Quess Corp has completed the acquisition of 64% equity of Comtel Solutions, on 14 February 2017.

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IMP Powers provides business update
Feb 14,2017

IMP Powers has successfully conducted Dynamic Short Circuit test on 160 MVA, 220/66 KV Power Transformer in 1st attempt for its esteemed customer HVPNL. This testing is for one of the highest ratings transformers done by CPRI Bangalore within India.

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KDDL acquires additional 50% in JV Satva Jewellery and Design
Feb 14,2017

KDDL has acquired 50% equity holding from Joint Venture Partner in Satva Jewellery and Design. With this acquisition, the Satva Jewellery and Designs has become wholly owned subsidiary of the Company.

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Nimbus Foods Industries announces change in CFO
Feb 14,2017

Nimbus Foods Industries announced that the meeting of the Board of Directors of the Company was held on 14 February 2017 wherein resignation of Jay Prakash Verma from the post of Chief Financial Officer of the Company was approved.

Further, the Board of directors has also appointed Pushpendra Singh Chauhan as Chief Financial Officer of the Company.

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Vakrangee launches Mobile Aadhaar Van Service
Feb 14,2017

Vakrangee along with Union Bank of India (UBI) and UIDAI has launched a fully equipped Mobile Aadhaar Van Service, to provide user-friendly facilitation of Aadhaar Enrollment, Updation and Printing services, for Senior and Physically challenged residents.

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Power Mech Projects secures new work orders
Feb 14,2017

Power Mech Projects has received Letter of Intent / Work order for four projects aggregating Rs 475.86 crore.

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Prabhat Dairy director resigns
Feb 14,2017

Prabhat Dairy announced that Omprakash Venkatswamy Bundellu, an Independent Director of the Company has resigned from the directorship of the Company with effect from 13 February 2017.

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Spectra Industries appoints company secretary and compliance officer
Feb 14,2017

Spectra Industries announced that Ruchita Prafullkumar Shah is appointed as Company Secretary and Compliance Officer of the Company with effect from 14 February 2017.

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Uniworth Securities to acquire shares of 5 companies
Feb 14,2017

Uniworth Securities announced that the Board of Directors of the Company at its meeting held on 13 February 2017 has approved the purchase of shares of the following companies for purpose of making them same as wholly owned subsidiaries.

Indoworth Yarns, Indoworth Services, Indoworth Power, Indoworth Fabrics (Raipur) and Indoworth Fabrics (Nagpur).

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