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Meenakshi Steel Industries to hold board meeting
May 22,2017

Meenakshi Steel Industries will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve the Audited Financial Results for Quarterly and year ended 31st March, 2017.

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Joy Realty to hold board meeting
May 22,2017

Joy Realty will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve Audited Financial Result for the quarter and year ended 31st March, 2017 and other agendas.

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Trans Freight Containers to hold board meeting
May 22,2017

Trans Freight Containers will hold a meeting of the Board of Directors of the Company on 30 May 2017, among other things, to approve the Audited Financial Results for the fourth Quarter and Financial Year ended 31st March, 2017.

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Board of Electrosteel Castings recommends final dividend
May 22,2017

Electrosteel Castings announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Indiabulls Asset Reconstruction Company gets CoR from RBI
May 22,2017

Indiabulls Asset Reconstruction Company (ARC), a wholly owned subsidiary of Indiabulls Ventures, has been granted the Certificate of Registration (CoR) by the Reserve bank of India (RBI) under Section 3 of the SARFAESI Act, 2002.

Indiabulls Ventures (IVL) is the sole sponsor of the ARC and owns 100% equity stake in the company. IVL has already infused Rs 100 crore equity in the ARC and is fully compliant with the requisite criteria laid down by RBI vide its latest guidelines.

The company intends to start its operations shortly.

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Mahindra & Mahindra plan to invest in high-end electric powertrain technology
May 22,2017

Mahindra & Mahindra announced that the Company plans to invest directly and/or through its subsidiary(ies) in -

- high-end electric powertrain technology as part of its plan for the future of mobility; and

- electrification of some of its existing and future products

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles.

The high end electric powertrains will be used for the Groups future line up of electric vehicles.

As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The Companys announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of Indias thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030.

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L&T Technology Services positioned in Winners Circle in Industry 4.0 Services Blueprint Assessment
May 22,2017

L&T Technology Services announced that it has been positioned in the Winners Circle by HfS Research, The Services Research Company in its maiden Industry 4.0 Services Blueprint Assessment.

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Ajanta Soya gets ratings assigned for bank facilities
May 20,2017

Ajanta Soya announced that CRISIL has assigned the following ratings for Bank Facilities aggregating Rs 130 crore -

Long term rating - CRISIL BBB-
Short term rating - CRISIL A3

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Lakshmi Vilas Bank announces change in directorate
May 20,2017

Lakshmi Vilas Bank has appointed Rajnish Kumar, General Manager, Reserve Bank of India, Bengaluru as Additional Director on the Board in place of Vivek Srivastava, General Manager, Central Office, Mumbai for a period of two years with effect from 17 May 2017 to 16 May 2019 or till further orders.

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Ballarpur Industries announces resignation of director
May 20,2017

Ballarpur Industries announced that Nandini Adya has resigned from the Directorship of the Company with effect from 19 May 2017.

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Board of Arfin India approves revised scheme of amalgamation
May 20,2017

Arfin India announced that the Board of Directors of the Company at its meeting held on 20 May 2017 has approved the revised scheme of amalgamation of Mahendra Aluminium Company (transferor) with Arfin India with the appointed date i.e. 01 April 2017. The scheme is subject to approval of shareholders, the National Company Law Tribunal and all other regulatory and necessary approvals. The Board has also recommended a final dividend of Rs 2 per share for FY ended 31 March 2017.

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Shukra Jewellery announces resignation of director
May 20,2017

Shukra Jewellery announced the resignation of Ramji Khimabhai Rajput, Independent Director of the Company with effect from 20 May 2017.

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Bhagiradha Chemicals & Industries intimates of fire accident at its facility in Andhra Pradesh
May 20,2017

Bhagiradha Chemicals & Industries announced that a fire accident occurred in early hours of 20 May 2017 in Production Block-III of the factory situated at Yerajarla Road, Cheruvukommupalem, Ongole, Prakasam District, Andhra Pradesh -523272, resulting in damage of property. There were no fatalities in this incident. There is no damage to any other production blocks or buildings in the factory. The Inventory and fixed assets are fully covered by insurance. The company has already informed the Insurance Company about the fire accident.

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Board of Mahindra Holidays & Resorts India appoints CFO
May 20,2017

Mahindra Holidays & Resorts India announced that the Board of Directors of the Company at their Meeting held on 19 May 2017, has approved the appointment of Akhila Balachandar as the Chief Financial Officer and designated her as a Key Managerial Personnel of the Company with effect from 20 May 2017.

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Board of United Breweries recommends final dividend
May 20,2017

United Breweries announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 1.15 per equity Share (i.e. 115%) , subject to the approval of the shareholders.

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