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Tirupati Tyres appoints director
Jan 25,2017

Tirupati Tyres announced that the Company has appointed Jitendra Ramjeet Yadav as Executive Director with effect from 25 January 2017.

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Gujarat Industries Power Co director resigns
Jan 25,2017

Gujarat Industries Power Co announced that Dr. Ajay N Shah, Independent Director of the Company has resigned from the Board of Directors of the Company w.e.f. 11 January 2017.

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Natco Pharma provides update on USFDA inspection of its formulations facility in Kothur
Jan 25,2017

Natco Pharma announced that an inspection was conducted by the USFDA at its pharmaceutical formulations facility in Kothur, near Hyderabad between 16-24 January 2017. Following the inspection, the facility has received six observations. The company will provide due justifications and corrective action plan within next 15 working days to address the USFDA observations.

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Starlog Enterprises provides update on project for development of North Cargo Berth-II at Tuticorin Port
Jan 25,2017

Starlog Enterprises announced that Tuticorin Coal Terminal, an Associate Company, has achieved financial closure for the revised project cost of Rs.645.50 crore for the Development of North Cargo Berth-II for Handling Bulk Cargoes at Tuticorin Port on Design, build, finance, operate and transfer (DBFOT) basis.

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Atlanta secures road project on NH-8 from NHAI
Jan 25,2017

Atlanta has received the Letter of Award (LOA) for Six Laning from Km 401.200 to 494.410 of NH-8 in state of Gujarat (Length 93.210 Km) on Hybrid Annuity Mode under NHDP Phase V (Package -VI) from National Highways Authority of India (n++NHAln++).

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Prakash Industries allots 11,65,954 equity shares
Jan 25,2017

Prakash Industries has received notice(s) from FCCB holder(s) for conversion of 22 Nos. FCCB (US$ 50,000 each) in to 11,65,954 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder(s). Accordingly, the FCCB Conversion Committee of the Company in its meeting held on 25 January 2017 has allotted 11,65,954 equity shares to the said FCCB holder(s). Consequent upon the aforesaid conversion, the paid up share capital of the Company has increased from Rs.1,35,60,14,690/- to Rs. 1,36,76,74,230/-.

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Tata Consultancy Services to collaborate with Gfi Infromatique on smart city technology
Jan 25,2017

Tata Consultancy Services announced a Proof of Concept for the City of Belfort, France using big data analytics to optimise urban bus transport. The solution is a collaboration between the Citys Board of Public Transport, Gfi Informatique and TCS. It will support Belforts smart city strategy, which aims to help local authorities deploy digital transformation projects.

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Inox Leisure opens Multiplex Cinema Theatre in Aurangabad
Jan 25,2017

Inox Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre, taken on Leave & License basis, and located at Reliance Mega Mall, Gajanan Maharaj Mandir Road, Garkheda, Aurangabad - 431 009 with effect from 25 January 2017.

The said Multiplex Cinema Theatre has 3 screens and 880 seats.

INOX is now present in 57 cities with 114 Multiplexes, 449 screens and a total seating capacity of 1,14,171 seats across India.

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National Fertilizer gets ratings assigned for various credit facilities
Jan 25,2017

National Fertilizer has been assigned the following ratings by India Ratings & Research -

Fund based working capital - IND AA/ Stable / IND A1+

Non-fund based working capital - IND A1+

Long term loans -Ammonia Feedstock Conversion Project - IND AA/ Stable

Long term loans -External Commercial Borrowings - IND AA/ Stable

Proposed long term loans - Provisional IND AA/ Stable

Commercial Paper - IND A1+

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Great Eastern Shipping Company takes delivery of vessel
Jan 25,2017

Great Eastern Shipping Company took delivery of a second hand Aframax Crude Carrier Jag Laxmi (2012 Built) of about 105,525 dwt. The company had contracted to buy the vessel in November 2016.

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Chemfab Alkalis gets accreditation for chemical testing at its QA Laboratory at Puducherry
Jan 25,2017

Chemfab Alkalis announced that Companys Quality Assurance (QA) Laboratory at Puducherry Plant has been granted Accreditation for Chemical Testing in accordance with ISO 17025-2005 by National Accreditation Board for testing & calibration laboratories (NABL).

NABL is an autonomous Institution under the Department of Science and Technology, Government of India.

Companys QA Laboratory is the first laboratory in India and the Chlor-alkali sector to be given this accreditation for analysis of chlor-alkali related samples.

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Tata Steel to acquire majority stake in Creative Port Development
Jan 25,2017

Tata Steel has executed definitive agreements with Creative PortDevelopment (CPDPL) and their promoters for the proposed development of n++Subarnarekha Portn++ at Chaumukh village of Balasore district in Odisha.

As per the agreements, TSL will acquire majority equity stake in CPDPL, and the port development is envisaged through a wholly-owned subsidiary, Subarnarekha Port (SPPL). The acquisition and development is subject to certain conditions precedent, detailed technical assessments and financial closure.

CPDPL, promoted by two technoprenuers, Ramani Ramaswamy and Ramaswamy Rangarajan, had entered into a Concession Agreement with the Government of Odisha in January 2008 to develop the Subarnarekha Port as an allweather deep-draft facility. Detailed engineering study to arrive at the configuration and the project cost will be undertakensoon.

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Havells India to launch range of personal grooming product
Jan 25,2017

Havells India is extending its current product range of small domestic appliances with the addition of personal grooming products.

The relevant disclosures prescribed under the captioned regulation are given hereunder:-

a) Name of the product - Personal Grooming Products such as Trimmers, Shavers, Hair dryer, Epilator, Straightener etc.

b) Date of launch - Formal launch expected in early February, 2017

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Aro Granite Industries director resigns
Jan 25,2017

Aro Granite Industries announced that Kasturi Lal Arora has resigned from the Board of the Company with immediate effect.

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Tech Mahindra to announce Q3 results
Jan 25,2017

Tech Mahindra will announced its Third Quarter FY 2017 results on 30 January 2017.

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