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Gayatri Projects intimates of registration of Trademark and Copyright
Jan 05,2017

Gayatri Projects has got registration of its copyright of artistic label and trademark GAYATRI.

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Infra Industries completes sale and transfer of land
Jan 05,2017

Infra Industries announced that in connection with the letter dated 25 May 2016 & pursuant to the approval of shareholders vide postal ballot dated 02 July 2016 the Company has sold and transferred its Land situated at Survey No. 147/2B & 147/3 GST Road, Pukkathurai Village, Madurantakam Taluk, Kancheepuram- 603308 to Sri Krishna works and Sri Krishna Fabricators India.

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Board of Bobshell Electrodes appoints company secretary
Jan 05,2017

Bobshell Electrodes announced that the Board of Directors vide its resolution dated 08 December 2016 have appointed Shilpi Kamleshbhai Shethwala as a Company Secretary of the Company with effect from 08 December 2016.

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Wockhardts Ankaleshwar facilities gets EU GMP certificate
Jan 05,2017

Wockhardt announced that competent authority, Berlin, Germany has since issued EU GMP Certificate confirming that Companys manufacturing facility at 138, GIDC Estate, Ankaleshwar, Gujarat, complies with the principles and guidelines of Good Manufacturing Practices. The Certificate issued in this regard is valid for 3 years.

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GEE enters into Memorandum of agreed terms with Cliff Conwell LLP
Jan 05,2017

GEE has entered into a Memorandum of agreed terms with Cliff Conwell LLP on 05 January 2017 to set up a private IT park. GEE and Cliff Conwell LLP shall form an LLP to be named as GEE Tropical Infrastructure LLP. GEE shall transfer the developmental rights of its land situated at Plot No. E1, Road No. 7, Wagle Industrial Estate, Thane (W) to the proposed LLP. GEE shall bring development rights with agreed value at Rs 69.50 crore and Cliff Conwell LLP to introduce equity capital as its contribution in phased manner. The final agreement would take place after the commencement of financial year 2017-18.

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MCX Launches Castor Seed Futures
Jan 05,2017

Multi Commodity Exchange of India (MCX), launched a futures contract in Castor Seed, after receiving approval for the same from the Securities and Exchange Board of India. With this launch, MCX has added another contract to its agri-commodities products suite, in the oil and oilseeds complex.

The exchange has currently launched February, March, April and May 2017 contracts in Castor Seed, with 10 MT as the trading unit and Deesa (Gujarat) as the basis centre. Besides, in order to cater to the demand of a wide and diverse participants group, MCX has decided to levy a flat transaction charge of 50 paise per one lakh rupees of transaction, the lowest in any commodity levied by the Exchange.

The response to this new contract has been quite satisfactory with traded volumes and Open Interest clocking 6050 tons and 1300 tons respectively, till the time of going to the Press.

India is the leader in global Castor Seed production and the country dominates international Castor Oil trade, meeting more than 80% of global demand of castor oil. Indias export of Castor oil and derivatives are estimated to be over Rs.3,000 crores per annum, with indispensable usage in several industries like cosmetics, surface coatings, toiletries, pharmaceuticals, perfumes, soaps, lubricating formulations and medicines. By also meeting the hedging requirements of castor oil exporters and those connected to its exports, MCX Castor Seed Futures would fill in a critical gap in Indias agri exports, playing its part in the Governments Make in India initiative.

Mr. Mrugank Paranjape, MD and CEO, MCX said, n++The decision to launch Castor Seed futures contracts was made to cater to the need of the stakeholders of Castor Seed, particularly those from the physical market of this crop, for a reliable instrument for price discovery and risk management. With India dominating the global castor oil trade and rising volumes of production of Castor Seeds commensurate with an increasing trend in exports of its extract, there was a need felt for an effective instrument for hedging and appropriate price discovery, which the MCX Castor Seeds futures would address. Given the proven soundness of our Risk Management System and robustness of MCXs technology backbone, we are confident that all stakeholders of Castor Seed would find hedging their price risks on the MCX platform a superior economic proposition.n++

Mr. Atul Chaturvedi, President, Solvent Extractors Association said, n++We are very glad that SEBI has permitted Commodity Exchanges to launch contract in Castor Seed futures, which we have been looking forward to, especially after futures contract in this commodity became unavailable since last year. Businesses like ours are significantly exposed to castor oil price movements and our bottomlines are often adversely affected by the uncertainty and volatility of its prices.n++

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Indo Borax & Chemicals to resume production operations at Pithampur plant
Jan 05,2017

Indo Borax & Chemicals announced that the Company will restart production activity from Pithampur plant from 06 January 2017.

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Piramal Enterprises provides update on subsidiary - Piramal Finance
Jan 05,2017

Piramal Enterprises announced that the Companys wholly owned subsidiary, Piramal Finance (PFL) is in the business of providing financial services.

In line with the Companys growth plans, PFL will now be making an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary. This has been approved by the Companys Board of Directors at its meeting held on 05 January 2017.

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Idea Celluar shifts corporate office
Jan 05,2017

Idea Celluar has shifted its Corporate Office to 9th to 12th Floor, Birla Centurion, Century Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030 with effect from 09 January 2017.

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G E Power India secures contract worth Rs 198.8 crore
Jan 05,2017

G E Power India has been awarded a contract by NTPC ALSTOM Power Services (a 50:50 JV between NTPC and GE) of approximately Rs 198.8 crore (approximately USD 29.22 million) for steam turbine upgrade project at NTPCs Ramagundam Super Thermal Power plant in the State of Telangana. The Companys scope of work consists of supply of Steam Turbine Module, its auxillaries, Turbine controller and spares including supervision of erection, commissioning and testing.

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Opto Circuits (India) announces resignation of director
Jan 05,2017

Opto Circuits (India) announced that Dr. Anvay Vinayak Mulay has resigned as an Independent Director of the Company with effect from 04 January 2017.

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FPIs in selling mode
Jan 05,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 691.99 crore into the secondary equity markets on 4 January 2017, higher than their net outflow of Rs 536.75 crore during the preceding trading session on 3 January 2017. The net outflow of Rs 691.99 crore on 4 January 2017 was a result of gross purchases of Rs 3534.18 crore and gross sales of Rs 4226.17 crore. On that day, the Sensex fell 10.11 points or 0.04% to settle at 26,633.13, its lowest closing level since 2 January 2017.

There was an inflow of Rs 10.06 crore into the category primary market & others on 4 January 2017.

FPIs have sold stocks worth a net Rs 2113.48 crore in January 2017 so far (till 4 January 2017). They sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net outflow of Rs 148.13 crore from FPIs from the category primary market & others in January 2017 so far (till 4 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Shree Cement fixes record date for 2nd interim dividend
Jan 05,2017

Shree Cement has fixed 07 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend, if declared.

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Sundaram Clayton Board to consider December quarter results
Jan 05,2017

Sundaram Clayton that a meeting of the board of directors of the Company is being convened on 27 February 2017 to consider and approve inter alia the unaudited (limited reviewed) financial results for the quarter ended 31 December 2016.

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Esab India to announce December quarter results
Jan 05,2017

Esab India announced that a meeting of the Board of Directors of the Company will be held on 09 February 2017, to take on record the Unaudited Financial Results for the quarter ended 31 December 2016.

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