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Board of Mysore Petro Chemicals recommends final dividend
May 06,2017

Mysore Petro Chemicals announced that the Board of Directors of the Company at its meeting held on 4 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Mahindra & Mahindra announces production, sales and export figures
May 06,2017

Mahindra and Mahindra reported production, sales and export figures for month of April 2017.

Production
April 2017 - 41467 units
April 2016 - 43410 units

Sales
April 2017 - 37829 units
April 2016 - 39357 units

Exports
April 2017 - 1528 units
April 2016 - 2506 units.

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Bank of India appoints MD and CEO
May 06,2017

Bank of India announced that the Bank has appointed Dinabandhu Mohapatra, as Managing Director & Chief Executive Officer (in place of Melwyn O Rego), w.e.f. the date of his taking over charge of the post and till 30 June 2019 i.e. the date of his superannuation or until further orders, whichever is earlier.

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Amarjothi Spinning Mills announces resignation of company secretary
May 06,2017

Amarjothi Spinning Mills announced that Manju Sri A has resigned her post from Company Secretary and compliance Officer of the Company Amarjothi Spinning Mills with effect from the closing of business hours 05 May 2017.

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Indian Overseas Bank appoints MD and CEO
May 06,2017

Indian Overseas Bank announced the appointment of R Subramaniakumar, Executive Director of the Bank as MD & CEO with effect from 05 May 2017 and till 30 June 2019.

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Bank of Baroda keeps MCLR rates unchanged
May 06,2017

Bank of Baroda has reviewed Marginal Cost of Funds Based Lending Rates (MCLR) applicable from 07 May 2017 at the existing levels, as follows -

Overnight - 8.10%
One month - 8.15%
Three months - 8.20%
Six months - 8.30%
One year - 8.35%
Three year - 8.50%
Five year - 8.65%

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Board of MRF recommends final dividend
May 06,2017

MRF announced that the Board of Directors of the Company at its meeting held on 4 May 2017, inter alia, have recommended the final dividend of Rs 54 per equity Share (i.e. 540%) , subject to the approval of the shareholders.

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Bank of Maharashtra to hold AGM
May 06,2017

Bank of Maharashtra announced that the 14th Annual General Meeting (AGM) of the company will be held on 16 June 2017.

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Outcome of board meeting of Fredun Pharmaceuticals
May 05,2017

Fredun Pharmaceuticals announced that the Board of Directors of the Company at its meeting held on 05 May 2017 has approved the following -

Increase the authorised capital of the Company by Rs 4 crore to Rs 10 crore.

The Board decided subject to consent of shareholders to issue equity shares under the preferential allotment to preferential shareholders as consideration for redemption of preference shares and also other investors.

To convert Promoters loan to equity.

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Board of Kaycee Industries approves scheme of arrangement
May 05,2017

Kaycee Industries announced that the Board of Directors at its meeting held on 05 May 2017 has considered and approved the demerger of its specified undertaking comprising of property leasing business along with all related operations, employees, assets, liabilities, etc. into RDJ Constructions (wholly owned subsidiary of Company) under a Scheme of Arrangement under section 230 to 232 read with section 66 and section 52 of the Companies Act, 2013.

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Board of Ontic Finserve approves change in company secretary
May 05,2017

Ontic Finserve announced that the Board of Directors of the Company at its meeting held on 05 May 2017 approved the following -

1) To accept the Resignation of Binny Omprakash Porwal as Company Secretary & Compliance officer of the Company w.e.f 30 April 2017.

2) To take note of Appointment of Dipesh Hasmukhbhai Solanki (ACS- 42076) as a Company Secretary & Compliance officer of the Company w.e.f 05 May 2017.

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Board of Spenta International appoints company secretary cum compliance officer
May 05,2017

Spenta International announced that the Board of Directors at its meeting held on 05 May 2017 has appointed Prasad Chavan as a Company Secretary cum Compliance Officer with effect from 05 May 2017.

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Board of Indian Bank accords in-principle approval for issue of LT bonds
May 05,2017

Indian Bank announced that the Board of Directors of the Company in its meeting held on 05 May 2017, accorded in-principle approval for issue of Long Term Bonds for financing of Infrastructure and Affordable Housing upto an amount of Rs.5,000 crore. The Board will consider specific approval for the same at the time of actual floating of the Bonds.

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Board of ACC decides to commence evaluation of potential merger between ACC and Ambuja Cements
May 05,2017

The Board of Directors of ACC at its meeting held on 05 May 2017 has decided to commence an evaluation of a potential merger between the company and Ambuja Cements with a view to combine the strengths of both businesses so as to benefit all stakesholders.

A special Committee of Directors, of which majority are Independent Directors, has been constituted to commence the evaluation.

No decision to merge has been taken and the ACC Board will decide on a merger based on the recommendation of the Special Committee and the Audit Committee.

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MPS Infotecnics enters into MoU with QzIP Blockchain Technology
May 05,2017

MPS Infotecnics announced that the Company has entered into MOU with QzIP Blockchain Technology LLP (Qzip.in) (hereinafter referred to as QzIP), whereby QzIP will proivde the knowhow and the requisite software artictural elements for Blockchaim Technology integeration, into the MPA e-commerce platform upon a commercial basis.

Further, the company is creating a white labelled e-commerce platform which can be used by retailers for hosting their business e-commerce sites, under their respective branding. Also the company will be the first company in India which will be providing e-commerce platform based on Blockchain Technology.

The MoU is for a period of 12 months from the effective date i.e. 04 May 2017 untill & unless extended for a further period based on mutual terms.

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