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Marico allots equity shares
Nov 21,2016

Marico announced that the Securities Issue Committee of the Board of Directors of the Company has vide a circular resolution passed on 21 November 2016, approved allotment of 1 lac equity shares of face value of Re. 1 each under the existing Marico Employee Stock Option Scheme, 2014.

Consequent to the aforesaid allotment, the paid up share capital of the Company has increased from 129,01,71,198 equity shares of Re. 1 each aggregating Rs. 129,01,71,198 to 129,02,71,198 equity shares of Re. 1 each aggregating Rs. 129,02,71,198.

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Dr. Lal PathLabs hits record high
Nov 21,2016

The announcement was made during market hours today, 21 November 2016.

Meanwhile, the S&P BSE Sensex was down 389.78 points or 1.49% at 25,760.46.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 11,000 shares in the past two weeks. The stock hit a high of Rs 1,278.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,175 so far during the day. The stock had hit a record low of Rs 696.50 on 20 January 2016.

Dr. Lal PathLabs said it expects to complete the acquisition of Delta Ria & Pathology (DRPPL) by 31 March 2017. The company had in May 2016, announced the acquisition of DRPPL.

Dr. Lal PathLabs consolidated net profit jumped 748.3% to Rs 52.51 crore on 21.52% growth in total income from operations to Rs 262.17 crore in Q2 September 2016 over Q2 September 2015.

Dr. Lal PathLabs is a provider of diagnostics and related healthcare tests and services in India. Customers include individual patients, companies and institutions, healthcare providers as well as hospital and clinical labs.

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Shalimar Paints tumbles after intimating about fire at Nasik plant
Nov 21,2016

The announcement was made during market hours today, 21 November 2016.

Meanwhile, the S&P BSE Sensex was down 359.83 points or 1.38% at 25,790.41

On BSE, so far 24,250 shares were traded in the counter as against average daily volume of 56,436 shares in the past one quarter. The stock hit a high of Rs 140 and a low of Rs 123.40 so far during the day. The stock hit a record high of Rs 223.60 on 23 August 2016. The stock hit a 52-week low of Rs 88.70 on 12 February 2016.

The small-cap company has equity capital of Rs 3.79 crore. Face value per share is Rs 2.

Shalimar Paints said that there has been no loss or injury to human life. The company is in the process of ascertaining the actual loss caused by the fire and also is in process of informing the same to the insurance company, Shalimar Paints said. The company is taking adequate steps to ensure re-functioning of the plant at the earliest, it said.

Shalimar Paints net profit rose 95.97% to Rs 2.43 crore on 0.11% increase in total income to Rs 103.15 crore in Q2 September 2016 over Q2 September 2015.

Shalimar Paints is Indias iconic paint-maker. Established in 1902, the countrys first paint company is a pioneer in the field of paints and coatings.

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Outcome of board meeting of Lakshmi Energy & Foods
Nov 21,2016

Lakshmi Energy & Foods announced that the Board of Directors of the company at its meeting held on 21 November 2016 transacted the following -

Take on record acquisition of balance 25% stake holding in its subsidiary - Lakshmi Green Power for Rs 25 lakh.

Approved the hiving off of the Companys Power Division (Energy Business) generating green energy on slump sale basis, as a going concern to wholly owned subsidiary, Lakshmi Green Power at a consideration of Rs 117.18 crore in the form of allotment of equity shares of Lakshmi Green Power to the Company.

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Board of Sita Shree Food Products to consider fund raising
Nov 21,2016

Sita Shree Food Products announced that a meeting of the Board of Directors of the Company is scheduled to be held on 05 December 2016, interalia, to consider fund raising through Preferential Issue / Qualified Institutions Placement of Equity Shares/ Preference Shares / Convertible Securities / Warrants or such other Securities in one or more trenches in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the Companies Act, 2013 and the rules made thereunder.

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Winsome Diamonds & Jewellery to announce Q2 & HY results
Nov 21,2016

Winsome Diamonds & Jewellery announced that the Board of Directors of the Company at their adjourned meeting held on 19 November 2016 has been adjourned to 22 November 2016 for consideration of Limited Review Report on Unaudited Financial Results for the Half Year/Second Quarter Ended 30 September 2016.

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To support farmers for current Rabi crop, Govt has decided to allow farmers to purchase seeds with old denomination of Rs.500 from the Centres
Nov 21,2016

In order to further support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or Outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity.

This is in addition to the decision taken earlier for making cash available with the farmers by permitting them to draw up to Rs.25,000 per week from their KYC compliant accounts subject to the normal loan limits and conditions apart from the other facilities announced on 17 November 2016.

The Government is committed to ensure that the farmers are suitably facilitated during the Rabi season.

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Hind Industries gets extension to hold AGM
Nov 21,2016

Hind Industries has secured further extension to hold AGM for FY 2015-16 upto 30 December 2016.

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ITC provides update on subsidiaries
Nov 21,2016

ITC announced that consequent to subscription of the entire share capital of Indivate Inc., USA by ITC Infotech (USA), Inc. on 18 November 2016, Indivate Inc. became a wholly-owned subsidiary of the Company.

ITC Infotech (USA), Inc. is a wholly-owned subsidiary of ITC Infotech India which in turn is a wholly-owned subsidiary of the Company.

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Hinduja Global Solutions appoints Sales & Client Services head
Nov 21,2016

Hinduja Global Solutions announced the appointment of Neil Rae as President - Sales & Client Services, for its North American operations.

To be based out of Toronto, Canada, Neil will lead the Sales and Client facing organization for HGS in North America, overseeing client management for existing clients and acquisition of new business in theUS and Canada. He will also be a key member of HGS Global Advisory Board and participate in overall corporate strategic planning

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Cox & Kings chosen Best Tour Operator
Nov 21,2016

Cox & Kings was bestowed upon the honour of Best Tour Operator at the Travel + Leisure Indias Best Awards 2016 held in New Delhi.

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Mahindra & Mahindra inaugurates state-of-the-art spare parts warehouse
Nov 21,2016

Mahindra & Mahindra announced the inauguration of its state of the art spare parts warehouse in Mahindra World City (MWC), Jaipur. As one of the largest, most modern warehouses in the country and the companys first in northern India, it will cater to the requirement of Mahindra customers in north and north western region of the country for both automotive and tractor spare parts.

This is the Mahindras 4th spare parts warehousing facility, with the others being in Kanhe for Automotive Parts, Bhiwandi for Tractor parts & Hyderabad for Commercial Vehicle Parts, which send out supplies directly to dealerships and in the open market.

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Shares of Rollatainers get listed on NSE
Nov 21,2016

Rollatainers announced that the listing of 25,01,30,000 Equity Shares of Re. 1/- each of Rollatainers on the National Stock Exchange of India has been approved and admitted to trading on the National Stock Exchange of India w.e.f. 22 November 2016.

The Trading symbol is ROLLT.

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Dr Lal PathLabs provides update on proposed acquisition of Delta Ria & Pathology
Nov 21,2016

Dr Lal PathLabs announced that the Company is in the process of completing the due diligence and legal documentation for the acquisition of 100% stake in Delta Ria & Pathology, post which it expects to complete the acquisition by 31 March 2017.

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Tata Elxsi announces cessation of director
Nov 21,2016

Tata Elxsi announced that Piyush G. Mankad, Director has relinquished the office of Directorship of the Company with effect from 19 November 2016 on attaining the age of 75 years as per Companys retirement policy.

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