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Mangalam Drugs and Organics provides update on audit of Unit 2
Feb 17,2017

Mangalam Drugs and Organics announced that the Company facility at Unit-2 was recently audited by WHO- Geneva and we have been issued few procedural observations. Further the Company shall respond to the same within stipulated time after the receipt of Audit Report. The Company believe that the audit was successful.

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Board of Modison Metals recommends dividend
Feb 17,2017

Modison Metals announced that the Board of Directors of the Company at its meeting held on 17 February 2017, inter alia, have recommended the dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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HCL Technologies named Leader for Life Sciences IT Application Services
Feb 17,2017

HCL Technologies continues to be recognized for its global leadership in life sciences IT services and solutions. Everest Group, in its report Life Sciences IT Application Services - Service Provider Landscape with PEAK MatrixTM Assessment 2016n++ named HCL among leaders, recognizing HCLs wide range of application services solutions across all value chain elements of life sciences practice.

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Fredun Pharmaceuticals to hold board meeting
Feb 17,2017

Fredun Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 24 February 2017, to discuss, consider and approve the matter of the Increasing Authorised Capital of the Company.

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Central Bank of India announces appointment of director
Feb 17,2017

Central Bank of India announced that in terms of Government of India, Ministry of Finance Notification dated 16 February 2017, P. Ramana Murthy, General Manager of Allahabad Bank has been appointed as Executive Director of the Bank for a period of 3 years w.e.f. the date of his taking over charge of the post i.e. 17 February 2017, or until further orders, whichever is earlier.

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Cipla launches adult Hepatitis B vaccine
Feb 17,2017

Cipla has launched adult Hepatitis B vaccine in India. Under a co-exclusive agreement with Serum Institute of India (SII), Cipla will market the vaccine for adults while SII will market it for adults and children.

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Zydus Cadila gets final approval for Fluconazole Tablets and Clobetasol Propionate Spray
Feb 17,2017

Zydus Cadila has received final approval from the USFDA to market Fluconazole Tablets USP, in strengths of 50 mg, 100 mg, 150 mg and 200 mg and Clobetasol Propionate Spray, 0.05%.

Fluconazole Tablets USP which are used to treat fungal infections will be produced at the groups formulations manufacturing facility at Baddi.

Clobetasol Propionate Spray used in treatment of various skin disorders will be manufactured at the groups dedicated plant located at Changodar, Ahmedabad.

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Virinchi bags multi-year contract for its flagship product - QFundTM
Feb 17,2017

Virinchi has signed up a multi-year contract for its flagship product QFundTM with one of the leading lenders of alternative financing industry in USA. Virinchis cloud solution will replace the entire IT infrastructure of the lender.

Over the first three years of the contract starting January 2017, Virinchi is expected to generate an annuity revenue of $3.5 million and service revenue of another $2.5 million, totalling a $ 6 million revenue addition over the same period.

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Canara Bank intimates of Bank strike
Feb 17,2017

Canara Bank has been informed by Indian Banks Association (IBA) that the United Forum of Bank Union (UFBU) has given a call for strike in the Banking Industry on 28 February 2017.

The above strike is for the issues relating to Industry Level and not for any Bank level issues.

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Mayur Uniquoters announces resignation of director
Feb 17,2017

Mayur Uniquoters announced that Manav Poddar, Non- Executive Director of the Company has resigned w.e.f 16 February 2017.

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Timex Group India allots preference shares aggregating Rs 35 crore
Feb 17,2017

Timex Group India has on 16 February 2017 allotted 3.50 crore 5% Cumulative Redeemable Non Convertible Preference Shares of face value Rs 10 each aggregating Rs 35 crore to Timex Group Luxury Watches B.V., Nederland, the Holding Company.

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Hindustan Construction Company shifts registered office
Feb 17,2017

Hindustan Construction Company announced that with effect from 15 January 2017 the Registered Office address of the Company has been changed to Hincon House, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India.

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IRB Infrastructure Developers provides update on subsidiary - IRB Infrastructure
Feb 17,2017

IRB Infrastructure Developers announced that IRB Infrastructure, wholly owned subsidiary of the Company and an Investment Manager of IRB InvIT Fund, has appointed Rajinder Pal Singh as an additional director (Independent) and Chairman of the board of Directors of IRB Infrastructure with effect from 14 February 2017.

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Bank of India announces appointment of Executive Director
Feb 17,2017

Bank of India announced that, in the exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and 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 and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government has appointed Neelam Damodaran, General Manager, Bank of Baroda as Executive Director of Bank of India for a period upto 30 November 2019 i.e. the date of his superannuation with effect from the date of his taking over of the charge of the post or until further order, whichever is earlier.

He has taken charge on 16 February 2017.

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HDFC Bank intimates of removal of foreign investment restrictions
Feb 17,2017

HDFC Bank announced about the RBI Press Release dated 16 February 2017 notifying that the aggregate foreign shareholding through American Depository Receipts/ Global Depository Receipts/ Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs)/ Foreign Direct Investments (FDI)/ Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in the Bank has gone below the prescribed limit stipulated under the extant FDI policy. Hence the restrictions placed on the purchase of shares of the Bank have been withdrawn with immediate effect.

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