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Board of Arvind recommends final dividend
May 15,2017

Arvind announced that the Board of Directors of the Company at its meeting held on 11 May 2017, inter alia, have recommended the final dividend of Rs 2.4 per equity Share (i.e. 24%) , subject to the approval of the shareholders.

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Board of Havells India recommends final dividend
May 15,2017

Havells India announced that the Board of Directors of the Company at its meeting held on 11 May 2017, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

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Enterprise International to hold board meeting
May 15,2017

Enterprise International will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve the Audited Financial Results for the Year ended on March 31, 2017.

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Deepak Spinners to hold board meeting
May 15,2017

Deepak Spinners will hold a meeting of the Board of Directors of the Company on 22 May 2017.

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Triochem Products to hold board meeting
May 15,2017

Triochem Products will hold a meeting of the Board of Directors of the Company on 26 May 2017.

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Garware Polyester to hold board meeting
May 15,2017

Garware Polyester will hold a meeting of the Board of Directors of the Company on 25 May 2017, to approve the audited Financial Results of the Company for the fourth quarter and year ended 31 March 2017 and to recommend dividend on equity shares of the Company.

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AVI Photochem to hold board meeting
May 15,2017

AVI Photochem will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Board of Makers Laboratories recommends final dividend
May 15,2017

Makers Laboratories announced that the Board of Directors of the Company at its meeting held on 11 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Phoenix Mills recommends final dividend
May 15,2017

Phoenix Mills announced that the Board of Directors of the Company at its meeting held on 10 May 2017, inter alia, have recommended the final dividend of Rs 2.4 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

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Rane Holdings to hold board meeting
May 15,2017

Rane Holdings will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and if thought fit, to recommend final dividend for the financial year 2016-17 and to fix record date thereof.

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GMR Infra gains on divestment of Indonesian coal mining entities
May 15,2017

The announcement was made after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 124.02 points, or 0.41% to 30,312.17.

On the BSE, 3.64 lakh shares were traded in the counter so far, compared with average daily volumes of 23.54 lakh shares in the past one quarter. The stock had hit a high of Rs 17.05 and a low of Rs 16.70 so far during the day. The stock hit a 52-week high of Rs 18.60 on 24 April 2017. The stock hit a 52-week low of Rs 10.25 on 9 November 2016.

The stock had outperformed the market over the past one month till 12 May 2017, rising 6.75% compared with 2.47% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.93% as against Sensexs 6.54% rise.

The large-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.

GMR Energy Netherlands BV, and GMR Infrastructure Overseas, subsidiaries of GMR Infrastructure, entered into conditional share purchase agreement (CSPA) with PT Golden Energy Mines Tbk, Indonesia for selling 100% equity shareholding. The company will also sell mandatorily convertible bonds (MCBs) in PT Dwikarya Sejati Utama (PT DSO), PT Duta Surana Internusa (PT DSI), PT Unsoco (PT UNS) and PT Barasentosa Lestari (PT BSL). This agreement is subject to the parties securing various statutory approvals.

GMR Infrastructure reported net loss of Rs 381.93 crore in Q3 December 2016 as against net profit of Rs 40.01 crore in Q3 December 2015. Net sales rose 250.45% to Rs 85.58 crore in Q3 December 2016 over Q3 December 2015.

GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.

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Huhtamaki PPL declines after weak Q1 results
May 15,2017

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 132.66 points or 0.44% at 30,320.81. The BSE Small-Cap index was up 115.36 points or 0.74% at 15,644.19.

On the BSE, 2,213 shares were traded on the counter so far as against the average daily volumes of 8,598 shares in the past one quarter. The stock had hit a high of Rs 269 and a low of Rs 250.25 so far during the day.

The stock had hit a 52-week high of Rs 327 on 8 August 2016 and a 52-week low of Rs 227 on 29 March 2017. It had underperformed the market over the past one month till 12 May 2017, advancing 1.51% compared with the Sensexs 1.84% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 11.47% as against the Sensexs 6.54% rise.

The small-cap company has equity capital of Rs 15.10 crore. Face value per share is Rs 2.

Huhtamaki PPL is engaged in the manufacturing of primary consumer packaging and labelling materials. It is one of the manufacturers of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

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Ind-Swift appoints director
May 15,2017

Ind-Swift announced that the Company has appointed Dr Jatender Kumar Kakkar as an Independent Director of the Company.

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CSL Constructing Four Passenger-cum-Cargo Vessels for A&N Island under Make in India Initiative
May 15,2017

Cochin Shipyard (CSL) is constructing four passenger-cum - cargo vessels for Andaman & Nicobar Administration under the Make in India initiative of Government of India. As per orders placed by the A&N Administration, two of these vessels will have a capacity of 500 persons-cum-150 tonne cargo and the remaining two will have a capacity of 1200 persons-cum-1000 tonne cargo.

These vessels will have state of the art facilities for passengers and comply with latest international/national rules and regulations. They will be fitted with diesel electric propulsion plants driving two azimuth thrusters for good manoeuvrability.

The smaller vessels of 500 passenger capacity will be ocean going for all weather operation, and be employed in Northern and Southern group of A&N Islands or for inter island service They will also be capable of making occasional voyages between mainland and islands. The construction of these vessels is on.

The construction of the larger set of vessels with 1200 passenger capacity will start in June, 2017. These vessels will ply between mainland and the islands and will also be capable of making international voyages.

The construction of these vessels is going on in full swing and the progress is being closely monitored by a committee with members from Cochin Shipyard, Shipping Corporation of India and Andaman and Nicobar Administration with the Joint Secretary, Ministry of Shipping as Chairman of the Committee. All efforts are being made to put the vessels into service ahead of their scheduled delivery year of 2020.

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Board of Jammu and Kashmir Bank approves raising capital up to Rs 1000 cr
May 15,2017

The Board of Directors of Jammu and Kashmir Bank at its meeting held on 13 May 2017 has approved raising of Capital subject to a maximum of Rs.1000 crore and Regulatory approvals, wherever, required including Shareholding approval for the same by way of Special Resolution at the ensuing AGM of the Bank.

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