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Board of Noida Toll Bridge Company approves shifting of registered office
Dec 01,2016

Noida Toll Bridge Company announced that the Board of Directors of the Company have on 30 November 2016 accorded accorded their approval for shifting the Registered Office of the Company from the State of Uttar Pradesh to the National Capital Territory of Delhi and for amendment to the Memorandum of Association of the Company accordingly.

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Ganesha Ecosphere provides update on investor- MCAP India Fund
Dec 01,2016

Ganesha Ecosphere announced that its investor, MCAP India Fund, on account of its investment in the Company has been voted as the winner of the Sustainability and Operational Excellence Challenge organised by Financial Times and EMPEA (Emerging Markets Private Equity Association) at EMPEA-FT Sustainable Investing in Emerging Markets Leadership Summit held in London on 25 October 2016.

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Cantabil Retail India announces resignation of director
Dec 01,2016

Cantabil Retail India announced that Anil Bansal, Whole-Time Director of the Company, has tendered his resignation with effect from close of business hours of 30 November 2016.

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Wipro enters into agreement to sell its EcoEnergy division
Dec 01,2016

Wipro announced that it has signed an agreement to sell its EcoEnergy division to Chubb Alba Control Systems, an indirect subsidiary of United Technologies Corporation for a consideration of USD 70 million. The sale is expected to close in early 2017.

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Reliance Communications gets revision in family rating and senior secured Notes rating
Dec 01,2016

Reliance Communications announced that Moodys Investors Service, Inc. (Moody), International rating agency, has revised Companys corporate family rating and senior secured Notes rating from Ba3 to B1.

Moody stated that while the expected reduction in debt achieved from proposed two deleveraging transactions will be credit positive, it will take 6-9 months for both transactions to close. Moreover, this is a material shift with respect to business focus, scale and growth strategy - key factors that affect the credit profile of the company and credit risk for bondholders.

Post restructuring, the Company will transform from Indias 4th largest wireless telecommunications operator into a company focused on the B2B segment and providing retail and wholesale data connectivity, as well as internet networks and services. The Company will also lease its submarine cable infrastructure - owned and operated by its 100% owned subsidiary, GCX and metropolitan city networks.

At the same time, the Company will retain a 50% interest in the wireless MergerCo. The Company will also benefit from a 49% economic upside interest in the TowerCo subject to certain performance conditions.

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State Bank of Travancore revises MCLR rates
Dec 01,2016

State Bank of Travancore has revised the Marginal Cost of Funds based Lending Rate with effect from 01 December 2016 -

Overnight - 8.85%
1 month - 9.05%
3 months - 9.15%
6 months - 9.30%
1 year - 9.45%
2 years - 9.50%
3 years - 9.60%

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RBL Bank to open international financial services centre Banking Unit
Dec 01,2016

RBL Bank announced that the Bank has received in-principle approval of the Reserve Bank of India (RBI) on 30 November 2016 for opening of international financial services centre Banking Unit at Gujarat International Finance Tech-City (GIFT), Gujarat.

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Board of Balkrishna Industries declares 2nd interim dividend
Dec 01,2016

Balkrishna Industries announced that in the meeting of the Board of Directors held on 30 November 2016, inter alia, has declared 2nd interim dividend of Rs. 2.00 per Equity Share (100%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2016-2017.

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Sidh Automobiles announces incorporation of 4 subsidiaries
Dec 01,2016

Sidh Automobiles has incorporated 4 subsidiaries under the name and style of -

Urban Organic Products
Wholly Cow Dairy
Sunrise Bliss Organics
Wholly Joy Products
Wholly Organic

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Board of Integrated Capital Services approves draft scheme of merger
Dec 01,2016

Integrated Capital Services announced that the Board of Directors of the Company at its meeting held on 30 November 2016 transacted the following -

Approval of the Draft Scheme of Merger for the proposed merger of Deora Associates, Holding Company holding 69.27% of the fully paid equity shares of the Company, with the Company. The appointed date of the Draft Scheme is 01 October 2016.

Taken on record appointment of Sanjay Agarwal as CFO of the Company.

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Corporation Bank fixes MCLR
Dec 01,2016

Corporation Bank announced the Marginal Cost of Funds based Lending Rated effective from 01 December 2016 -

Overnight - 9.00%
1 month - 9.15%
3 months - 9.20%
6 months - 9.35%
1 year - 9.45%.

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Shares of LKP Securities get listed
Dec 01,2016

The equity shares of LKP Securities (Scrip Code: 540192) are listed and admitted to dealings on the Exchange in the list of T Group Securities.

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Reliance Communications provides update on subsidiary - Global Cloud Xchange
Nov 30,2016

Reliance Communications announced that Moodys Investors Service, Inc.(Moody), International rating agency, has affirmed B2 corporate family rating and senior secured Bond rating given to the Companys subsidiary Global Cloud Xchange (GCX). Moody has affirmed the rating to GCX on the heels of announcing the deployment of its Cumulous Network, a major step forward in provisioning next generation connectivity services to support digital transformation and economic growth across India and the emerging markets.

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Larsen & Toubro Infotech acquires Pune based AugmentlQ Data Sciences
Nov 30,2016

Larsen & Toubro Infotech has acquired 100% equity shareholding in AugmentlQ Data Sciences, Pune on 30 November 2016.

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Monnet Ispat & Energy announces resignation of nominee director
Nov 30,2016

Monnet Ispat & Energy announced that the Company has on 30 November 2016 received a letter from Suresh Kishinchand Khatanhar, Nominee Director of IDBI Bank, tendering his resignation from the Board of Directors of the Company w.e.f. 27 November 2016.

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