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Varun Beverages commences operations at new manufacturing facility
May 04,2017

Varun Beverages has set up a new unit for manufacturing of Pepsi range of products at District Hardoi, Uttar Pradesh and the commercial production / operation has started with effect from 03 May, 2017.

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Board of Ankush Finstock accepts resignation of director
May 04,2017

The Board of Directors of Ankush Finstock has accepted resignation of Nishant Bharatbhai Vardhmani (DIN: 00168683), Independent Director of the Company at meeting held on 04 May 2017.

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Karnataka Bank opens 767th branch
May 04,2017

Karnataka Bank has opened its 767th branch at Nashik, Indra Nagar on 04 May 2017.

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Board of Proseed India decides to withdraw proposed rights issue
May 04,2017

Proseed India announced that the Board of Directors at its meeting held on 04 May 2017 has decided to withdraw the proposed rights issue and has discussed other options to raise further capital for implementation of the project.

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GRUH Finance allots 295540 equity shares
May 04,2017

GRUH Finance has allotted 295540 equity shares pursuant to exercise of options under ESOS. Post the allotment, the paid up equity share capital has increased to 36,48,60,024 equity shares of Rs 2 each.

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Sang Froid Labs (India) appoints director
May 04,2017

Sang Froid Labs (India) has appointed Chandubhai Nanubhai Dobariya was appointed as Non Executive Director of the company w.e.f 08 April 2017.

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Board of Bank of Maharashtra approves raising of equity capital up to Rs 2000 crore
May 04,2017

Bank of Maharashtra announced that the Board of Directors of the bank at its meeting held on 04 May 2017 approved the following -

No dividend is declared by the Bank for FY 2017.

To raise equity capital in aggregate up to Rs 2000 crore by way of preferential allotment or QIP/ FPO/ rights issue etc.

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Board of HDFC grants in-principle approval for issue of Rupee Denominated Bonds
May 04,2017

Housing Development Finance Corporation announced that the Board of Directors of the Company has granted its in-principle approval for issuance of Rupee Denominated Bonds to overseas investors up to an amount not exceeding Rs 5000 crore under the automatic route.

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Prime Focus Technologies partners with Turner Latin America
May 04,2017

Prime Focus Technologies, the technology arm of Prime Focus,has signed an agreement with Turner Latin America, where PFTs CLEARn++ Broadcast Cloud will provide work order and supply chain management along with end-to-end process monitoring of critical tasks, with reports and dashboards.

CLEAR is the worlds first Hybrid Cloud-enabled Media ERP Suite, and its Broadcast Cloud module is specifically designed to support end-to-end broadcast operations - from creation to transformation, distribution and exhibition. CLEAR Broadcast Cloud will effectively bring Turner Latin Americas ecosystem of creators, partners and customers of long and short form content onto a single system.

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L&T Technology Services signs definitive agreement to acquire Esencia Technologies
May 04,2017

L&T Technology Services has signed a definitive Agreement to acquire Esencia Technologies Inc, USA. The acquisition will also include its Indian subsidiary i.e. Esencia Technologies India. The transaction is expected to be completed around end of May 2017.

The total deal value is $27 million paid in tranches.
- $9 million upfront
- $6 million after 1 year
- $12 million over 4 years (earn out & incentives) based on achieving the revenue and PAT targets.

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Punj Llyod inaugurates small arms manufacturing plant
May 04,2017

Punj Llyod and its JV Partner, Israel Weapon Industries inaugurated the countrys first private sector small arms manufacturing plant in Malanpur in Madhya Pradesh. The joint venture company, Punj Llyod Raksha Systems will be manufacturing small arms for the Indian Defence Forces and also for export.

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ABB India inaugurates remote services center and new production line
May 04,2017

ABB India has inaugurated two new facilities that supports the nations digital transformation, energy saving technology and rise in industrial productivity. In Bengaluru, ABB launched Indias first digitalized remote service center for its energy saving drives solutions and added a new production line for digitalized low voltage drives. The ABB remote service center will provide 24x7 access to information and support on drives installed at customer facilities for predictive maintenance and condition monitoring for all industries including power, cement, oil and gas,metals, food & beverage and many other applications. The new center is the third of its kind in the ABB global footprint and is now fully activated in India. It will support customer installations in India and around the world.

The new production line manufactures digitally enabled low voltage drives (ACS560 and ACS580 series). The drive information in the cloud can be accessed securely with daily devices like smartphones. Drives are an environmentally friendly option to use energy efficiently while running motors based on their current load instead of running them onfull speed continuously. These drives provide multiple energy optimization features, are easily commissioned via smartphone, and include features for uninterrupted operations during power fluctuations.

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Jaypee Infratech announces resignation of director
May 04,2017

Jaypee Infratech announced that the Board of Directors has accepted the resignation of Gaurav Jain from the office of Director of the Company through resolution by circulation with effect from 04 May 2017, submitted by him due to some personal reasons.

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Solar Industries India gets reaffirmation in ratings for bank facilities
May 04,2017

Solar Industries India announced that CRISIL has reaffirmed the ratings of the Companys bank loan facilities amounting to Rs 750 crore as under -

Long term - CRISIL AA/ Positive (Outlook revised from stable and rating reaffirmed)

Short term - CRISIL A1+ (Reaffirmed)

Commercial Paper - CRISIL A1+ (Reaffirmed)

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IndusInd Bank allots 41,839 equity shares
May 04,2017

IndusInd Bank has allotted 41,839 (Forty One Thousand Eight Hundred Thirty Nine) equity shares of Rs. 10/- (Rupees Ten Only) each on 04 May 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme. The said shares will rank pari-passu with the existing shares of the Company in all respect. Please take the above on record and upload this announcement on the website of the Exchange

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