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Ducon Infratechnologies secures contract with Wienerberger India
Dec 08,2016

Ducon Technologies India (DTIPL), a Ducon Inc. group company underamalgamation with Ducon Infratechnologies announced its contractwith Wienerberger India. Wienerberger is a wholly owned subsidiary Wienerberger AG -the worlds largest producer of ceramic building products.

Wienerberger currently uses pet coke as its fuel for its Karnataka plant, and it has decided to control Suspended Particulate Matter (SPM) & Sulphur Dioxide (SO2) emanating from its plant to comply with thepresent emission norms.

As per the terms of the contract, DTIPL will install Ducons proprietary Dry FGD(Flue Gas Desulfurization) systems to remove SPM and other toxic components as to enable this transition. DTIPL has alreadycommenced the engineering process and is expected to establish this facility within the contractual execution period which is in FY17.

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Cipla receives ANDA approval for generic Baracluden++ tablets
Dec 08,2016

Cipla has received final approval for its Abbreviated New Drug Application (ANDA) for Entecavir Tablets USP 0.5 mg and 1 mg, from the United States Food and Drug Administration (USFDA).

Entecavir Tablets, USP 0.5 mg and 1 mg, are AB-rated generic equivalents of Bristol-Myers Squibbs Baracluden++ tablets 0.5 mg and 1 mg and are a Hepatitis B virus nucleoside analog reverse transcriptase inhibitor indicated for the treatment of chronic Hepatitis B virus infection.

Baracluden++ Tablets and generic equivalents had U.S. sales of approximately $206M for the 12 month period ending October 2016, according to IMS Health. The product will cater to the USmarket and will be commercially available in the coming weeks.

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Board of Rane (Madras) to consider December Q3 and 9M results
Dec 08,2016

Rane (Madras) announced that a meeting of the board of directors of the Company has been scheduled to be held on 23 January 2017 to consider and approve the Unaudited Financial Results (Standalone) for the quarter and nine months ending 31 December 2016.

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Rane Brake Lining to consider December quarter and 9M results
Dec 08,2016

Rane Brake Lining announced that a meeting of the board of directors of the Company has been scheduled to be held on 20 January 2017 to consider and approve the Unaudited Financial Results for the quarter and nine months ending 31 December 2016.

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Rane Engine Valve to announce December quarter results
Dec 08,2016

Rane Engine Valve announced that a meeting of the board of directors of the Company has been scheduled to be held on 25 January 2017 to consider and approve the Unaudited Financial Results for the quarter and nine months ending 31 December 2016.

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Indosolar to hold EGM
Dec 08,2016

Indosolar announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 30 December 2016.

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Gujarat Industries Power Co commissions two WTGs of 1.5 MW each
Dec 08,2016

Gujarat Industries Power Co announced that two more wind turbine generators of 1.5 MW each have been commissioned by the Company at Village Kotadapitha, Taluka Babra, Dist. Amreli, Gujarat. Gujarat Energy Development Agency has issued certificate of commissioning of the said WTGs.

With the Commissioning of two WTGs, the Company has now commissioned 15 MW (10 x 1.5MW) Wind Mills at Kotadapitha Site.

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Board of Western India Shipyard to consider preferential issue of shares and warrants
Dec 08,2016

Western India Shipyard announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 09 December 2016, inter alia, to consider the proposal for preferential issue of equity shares and warrants to a new investor and any other business with permission of the Chairman.

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Dynavisio provides update on lease agreement
Dec 08,2016

Dynavision announced that as per Lease Agreement dated 04 May 2012 entered with Apollo Hospitals Enterprise, the Lease Rent receivable stands increased from Rs. 38,75,000/- to Rs. 44,36,900/- per month. Thus an increase of Rs. 5,61,900/- per month effective from December 2016.

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NMDC announces appointment of Chairman and MD
Dec 08,2016

NMDC announced that in terms of order dated 07 December 2016 of Ministry of Steel, Government of India, the additional charge of the post of Chairman and Managing Director, NMDC is assigned to R Sridharan, Special Secretary, Ministry of Mines, till a regular incumbent is appointed or until further orders, whichever is earlier.

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PNC Infratech announces resignation of nominee director
Dec 08,2016

PNC Infratech announced Sunil Chawla, Nominee Director has resigned from the Board of Directors of the Company with effect from 08 December 2016.

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Board of Prestige Estates Projects approves acquisition of additional stake in Villaland Developers
Dec 08,2016

Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 07 December 2016 has approved acquisition of additional stake of 20% in Villaland Developers LLP. Subsequent to the acquisition, the Companys overall stake in the LLP stands at 80%.

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Tata Steel UK reaches agreement with the trade unions
Dec 08,2016

Tata Steel UK reached an agreement with trade unions on a number of proposals that would structurally reduce risks and help secure a more sustainable future for its UK business.

The company will next week start consultation with its employees on a proposal to close the British Steel Pension Scheme to future accrual. Employees would be offered a competitive defined contribution scheme.

The proposal on pensions and other changes in the employment terms are part of the ongoing transformation plan that the business is undertaking. As part of the agreement all parties will work towards making Tata Steel UK a sustainable business.

The company and trade unions have also agreed on the principle that subject to the structural de-risking and de-linking of the British Steel Pension Scheme fund from the business, Tata Steel UK will continue the existing blast furnace configuration in Port Talbot until 2021. Further, based on achieving the necessary financial performance and cash flows as per the transformation plan of the UK business, the company will continue to invest across the UK sites to enhance the competitive position of Tata Steel UK in the European steel industry. The company has also offered an employment pact until 2021 which supports employees throughfuture changes by investing in their skills to support further plant upgrades, automation and other digital initiatives.

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Board of Gradiente Infotainment approves change in directorate
Dec 07,2016

Gradiente Infotainment announced that the Board of Directors of the Company at its meeting held on 07 December 2016, inter alia, were approved the following:

1. Appointment of Syed Fareeduddin as an additional director in independent category. Syed Fareeduddin is President & Head of Operations of Ceran International Energy, Germany.

2. Appointment of Sanidhya Saxena as an additional director in independent category.

3. Appointment of Balachandar Mallicarjunan as an additional director in independent category.

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CIL Nova Petrochemicals allots equity shares
Dec 07,2016

CIL Nova Petrochemicals announced that the Management Committee of Directors on 07 December 2016 approved the allotment of 1,35,50,000 equity shares of Rs 10 each at a price of Rs 14.50 issued on rights basis.

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