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Board of Omansh Enterprises to consider Q3 and 9M results
Feb 01,2017

Omansh Enterprises announced the meeting of the Board of Directors of the Company will be held on 11 February 2017, to consider and take on record the Un-Audited Financial Results of the Company for the Quarter/nine months ended 31 December 2016.

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Multi Commodity Exchange of India inaugurates its new office
Feb 01,2017

Multi Commodity Exchange of India has inaugurated its new office at GIFT City, Gandhinagar. The office admeasuring over 22,600 sq ft. will house the Exchanges Business Continuity and Disaster Recovery centre and a training and education facility.

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Board of GSL Securities approves change in directorate
Feb 01,2017

GSL Securities announced that Board of Directors taken on record the resignation of Vijay Kumar Lahoti, Director of the Company w.e.f. 08 November 2016 and appointment of Satyanarayan Parmanand Kabra were appointed as an additional Director w.e.f. 08 November 2016.

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Wipro Gallagher Solutions partners with Veri-Tax LLC
Feb 01,2017

Wipro announced that Wipro Gallagher Solutions has entered into partnership with Veri-Tax LLC, a leading national verification provider, to streamline verification solutions.

The partnership between Wipro Gallagher Solutions, the provider of the NetOxygen Loan Origination System and Veri-Tax LLC will help lenders mitigate identity fraud, accelerate processing and improve the customers experience seamlessly and electronically.

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Great Eastern Shipping Company provides update on subsidiary - Greatship (India)
Feb 01,2017

Great Eastern Shipping Company announced that the Board of Directors of Greatship (India), wholly owned-subsidiary of the Company, at its meeting held on 31 January 2017 approved a rationalization of its manner of holding overseas assets through foreign subsidiary. The restructuring would be subject to all requisite statutory approvals.

Further to the decision of the Board of Directors at their meeting held on 06 January 2017, to acquire full ownership of Greatship Global Energy Services (GGES), the Board has further decided to acquire full ownership of the jack up rigs of GGES.

The aforesaid re-structuring is expected to have only a very marginal (if any) impact on cash flow.

The proposed re-structuring does not offer any benefit to the promoters, promoter group companies in any way.

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TCS achieves Oracle Cloud Elite Designation
Feb 01,2017

Tata Consultancy Services has achieved the Oracle Cloud Elite designation within the Oracles PartnerNetwork Cloud Program.

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Sobha acquires shares in Sobha Highrise Ventures
Feb 01,2017

Sobha announced that it has acquired 10,300,000 equity shares held by Winona SA Investments LLC in Sobha Highrise Ventures, a joint venture between the Company and Winono SA Investments LLC, for a total consideration of Rs 34.68 crore. With this acquisition, Sobha Highrise Ventures has become a wholly owned subsidiary of Sobha.

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Sasken Communication Technologies director resigns
Feb 01,2017

Sasken Communication Technologies announced Dr. Ashok Jhunjhunwala, an Independent Director has resigned from the Board of Directors of the Company effective 30 January 2017.

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State Bank of Bikaner and Jaipur revises MCLR rates
Feb 01,2017

State Bank of Bikaner and Jaipur has revised the MCLR rates with effect from 01 February 2017 as under -

Overnight - 8.20%
One month - 8.30%
Three month - 8.40%
Six month - 8.50%
One year - 8.60%
Two year - 8.70%
Three year - 8.80%

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Board of MphasiS approves proposal to buyback shares aggregating Rs 1103 crore
Feb 01,2017

MphasiS announced that the Board of Directors (Board) of the Company, at its meeting held on 31 January 2017, inter-alia, approved a proposal for Buy-back of equity shares (Buy-back) from all the existing shareholders of the Company on a proportionate basis through the Tender Offer method in accordance with the provisions of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 (the Buy-back Regulations) and the Companies Act, 2013 and rules made thereunder at a maximum price of Rs.635 per equity share, aggregating to an amount not exceeding Rs.1103 crore, excluding any expenses incurred or to be incurred in relation to the Buy-back viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, advisors fees, printing and dispatch expenses and other incidental and related expenses. The resultant shares to be bought back with the maximum price is 17,370,078 equity shares of Rs.10 each (representing 8.26 % of the total paid up equity share capital of the Company). The Board noted the intention of the Promoter of the Company to participate in the proposed Buy-back. The Buy-back would be subject to approval of the shareholders of the Company by way of a special resolution through postal ballot and all other applicable statutory approvals.

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MOIL revises prices of different grades of Manganese Ore
Feb 01,2017

MOIL has fixed/revised prices of different grades of Manganese Ore, effective from 01 February 2017 as under -

The prices have been decreased w.e.f 01 February 2017 by 10% on the existing prices prevailing since 01 January 2017 of all Ferro Grades of ore.

The prices have been decreased w.e.f 01 February 2017 by 15% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices since 01 January 2017 .

The prices have been decreased w.e.f. 01 February 2017 by 15% on all grades of Fines on the prevailing prices since 01 January 2017.

The prices have been decreased w.e.f 01 February 2017 by 10% of all chemical grades ore on the prevailing prices since 01 January 2017.

No change in the price of Electrolytic Manganese Dioxide (EMD).

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Raghava Estates & Properties to announce Q3 results
Feb 01,2017

Raghava Estates & Properties announced that a Board of Directors meeting will be held on 14 February 2017 to consider among other things, unaudited financial results for the third quarter ended 31 December 2016.

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Centrum Capital provides update on subsidiary - Centrum Retail Services
Feb 01,2017

Centrum Capital announced that the Board of the Companys subsidiary, Centrum Retail Services has approved sale of a minority stake in its wholly owned subsidiary Company, i.e. CentrumDirect, to NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India, subject to obtaining all government/ regulatory approvals including approval from the Competition Commission of India (CCI).

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Board of Spice Mobility to consider Q3 and 9M results
Feb 01,2017

Spice Mobility announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 February 2017, inter alia, to consider and approve the Unaudited Financial Results for the quarter and nine months period ended 31 December 2016.

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Minda Industries issues Commercial Paper valued Rs 30 crore
Feb 01,2017

Minda Industries has issued Commercial Paper valued Rs 30 crore on 31 January 2017 with maturity date of 31 March 2017.

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