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Berger Paints India commences commercial production of paint and putty at Nalbari plant
Mar 29,2017

The British Paints Division of Berger Paints India has commenced commercial production of its paint and putty plant at Nalbari, Assam on 29 March 2017. The plant has a capacity of 6,600 KL/MT per annum of solvent and water based paints and 7,200 MT per annum of putty and distemper.

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India becomes Net Exporter of Electricity for the first Time
Mar 29,2017

As per Central Electricity Authority, the Designated Authority of Government of India for Cross Border Trade of Electricity, 1st time India has turned around from a net importer of electricity to Net Exporter of electricity. During the current year 2016-17 (April to February 2017), India has exported around 5,798 Million Units to Nepal, Bangladesh and Myanmar which is 213 Million units more than the import of around 5,585 Million units from Bhutan. Export to Nepal and Bangladesh increased 2.5 and 2.8 times respectively in last three years.

Ever since the cross border trade of electricity started in mid-Eighties, India has been importing power from Bhutan and marginally exporting to Nepal in radial mode at 33 kV and 132 kV from Bihar and Uttar Pradesh. On an average Bhutan has been supplying around 5,000- 5500 Million units to India.

India had also been exporting around 190 MW power to Nepal over 12 cross border interconnections at 11kV, 33kV and 132 kV level. The export of power to Nepal further increased by around 145 MW with commissioning of Muzaffarpur (India)- Dhalkhebar(Nepal) 400kV line (being operated at 132 kV) in 2016.

Export of power to Bangladesh from India got further boost with commissioning of 1st cross border Interconnection between Baharampur in India and Bheramara in Bangladesh at 400kV in September 2013. It was further augmented by commissioning of 2nd cross border Interconnection between Surjyamaninagar (Tripura) in India and South Comilla in Bangladesh. At present around 600 MW power is being exported to Bangladesh.

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Sadbhav Engineering signs EPC agreement with Sadbhav Bangalore Highway
Mar 29,2017

Sadbhav Engineering has signed EPC agreement with Sadbhav Bangalore Highway (a step down subsidiary) worth Rs 855 crore for maintenance and repair works during the development period and construction period for 170.92 kms of BRT Tiger Reserve Boundary to Bangalore section of NH-29.

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Board of Punjab & Sind Bank approves proposal to raise AT-1 and AT-II capital
Mar 29,2017

Punjab & Sind Bank proposes to raise funds through issue of Basel III Compliant AT-1 up to Rs 1000 Crore and Basel III Compliant Tier II Bonds up to Rs 500 Crore during the Financial year 2017-18 in one or more tranches, on private placement basis, as approved in meeting of Board of Directors held on 29 March 2017.

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Board of Ventura Textiles approves allotment of shares on conversion of warrants
Mar 29,2017

Ventura Textiles announced that the Board of Directors of the Company at its meeting held on 29 March 2017 approved the allotment of not exceeding 20 lakh equity shares of face value of Rs 10 each on conversion of warrants.

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Marico allots 1 lakh equity shares
Mar 29,2017

Marico has allotted 1 lakh equity shares under Marico Employee Stock Option Scheme, 2004. Consequently, the paid up share capital has increased to 129,04,71,198 equity shares of Re 1 each aggregating Rs 129.04 crore.

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Board of Layla Textile and Traders approves sub-division of shares
Mar 29,2017

The Board of Directors of Layla Textile and Traders at its meeting held on 29 March 2017, has approved:

1. Sub- division of equity shares every shareholders holding 1 (One) equity share of Rs.10/- each will be allotted 10 (Ten) equity share of Re.1/- each (Subject to shareholders approval).

2. Appointment of Mukesh Bajpai and Simranpreet Bajpai as an Additional Independent Director of the Company w.e.f. 29 March 2017 to hold office upto the date of the next General Meeting of the Company.

3. To re-designated Ashish Rajeshbhai Patel as Executive Director of the Company subject to shareholders approval.

4. To form a Committee of Board of Director for approval of Notice to be issued to be issued to the Shareholders of the Company for the above mentioned purpose.

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Outcome of board meeting of Excel Industries
Mar 29,2017

Excel Industries announced that the Board of Directors of the company at its meeting held on 29 March 2017 has approved sale/transfer of the Environment & Biotech Division (ENBT) of the Company to its wholly owned subsidiary Company viz. Excel Bio Resources (EBRL) as a going concern on as is where is basis by way of slump sale and the Company will make necessary equity investment not exceeding Rs.10 crore in EBRL.

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Board of Shri Kalyan Holdings approves change in company secretary and compliance officer
Mar 29,2017

Shri Kalyan Holdings announced that the Board of Directors of the Company at its meeting held on 29 March 2017, inter alia transacted the following businesses:

1.Took on record resignation of Komal Gandhi from the post of Company Secretary and Compliance Officer of the Company w.e.f. 21 March 2017.

2.Appointed Nandani Patidar as Company Secretary and Compliance Officer of the Company w.e.f. 29 March 2017.

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Board of Fiberweb (India) approves allotment of shares on conversion of warrants
Mar 29,2017

Fiberweb (India) announced that the Board of Directors of the Company at its meeting held on 29 March 2017 approved allotment of 7 lakh equity shares on Conversion of Convertible Equity Warrants issued by the Company on preferential basis to group of Strategic Investors, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulation, 2009.

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Board of Times Guaranty approves change in directorate
Mar 29,2017

The Board of Directors of Times Guaranty at its meeting held on 29 March 2017 has approved the change in designation of Anita Malusare from Manager to the Chief Executive Officer (CEO) and Executive Director of the Company.

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Board of NBCC (India) considers takeover of Hindustan Steelworks Construction
Mar 29,2017

The Board of Directors of NBCC (India) in their meeting held on 29 March 2017 discussed the future course of action with respect to the takeover of Hindustan Steel Works Construction as subsidiary company.

The takeover of Hindustan Steel Works Construction is subject to approval of Competition Commission of India for which notice has been filed and the approval is awaited.

Union Cabinet in the meeting held on 25 May 2016 approved the proposal for restructuring of HSCL and subsequently its takeover by NBCC. NBCC will pay Rs 35.70 crore to subscribe to fresh equity share if HSCL constituting 51% of its post issue share capital.

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Hong Kong Stocks edge up
Mar 29,2017

The Hong Kong stock market closed session marginally higher on Wednesday, 29 March 2017, as positive lead from Wall Street overnight mostly offset by weak lead from Mainland China bourses and Fosun International volatile trade. The Hang Seng Index edged up 0.2 per cent, or 46 points, to 24,392 while the Hang Seng China Enterprises Index added 0.1 per cent, or 11 points, to 10,437. Turnover increased to HK$77.3 billion from HK$69.5 billion on Tuesday.

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China Stocks extend fall on liquidity woes
Mar 29,2017

The Mainland China equity market ended down for third straight session on Wednesday, 29 March 2017, amid concerns about tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the fourth session in a row. The blue-chip CSI300 index fell 0.1%, to 3,465.19 points, while the Shanghai Composite Index lost 0.4% to 3,241.31 points. The Shenzhen Composite Index extended losses by sliding 0.7% to 2,019 while the ChiNext start-up board index closed down 0.8% to 1,929

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Japan Stocks end mixed
Mar 29,2017

The Japan share market closed mixed on Wednesday, 29 March 2017, as positive sentiment from strong US shares overnight after strong U.S. consumer confidence and home-price data and dollars recovery against the yen offset by ex-dividend share price adjustments. The benchmark Nikkei Stock Average added 14.61 points, or 0.1%, to 19217.48. A broader index Topix declined 0.2% to 1542.07. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1745 to 1363 and 244 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 9.27% to 17.92.

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