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Bharat Heavy Electricals secures order worth Rs 200 crore
Dec 16,2016

Bharat Heavy Electricals has bagged a major order for the supply of 118 sets of IGBT-based Traction Converters for 3 phases 6000 HP Electric Locomotives.

Valued at Rs 200 crore the order has been placed by Chittaranjan Locomotive Works. The Company has already supplied 225 such IGBT- based Traction Converters, which are under operation with Indian Railways.

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KLG Capital Services announces resignation of company secretary
Dec 16,2016

KLG Capital Services announced Akshika Thakkar has tendered her resignation from the position of Company Secretary and Compliance Officer of the Company with effect from closing hours of 16 December 2016 due to personal reasons.

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Tamilnadu Jai Bharath Mills announces change in directorate
Dec 16,2016

Tamilnadu Jai Bharath Mills announced that D. Senthilkumar, has resigned from Whole Time Director and Executive Director of the Company.

D. Senthilkumar shall continue to be the Director of the Company.

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Palred Technologies provides business update for LatestOne.com
Dec 16,2016

Palred Technologies announced that LatestOne.com has entered into the fashion accessories segment with the launch of a wide assortment of product like wallets, watches and sunglasses.

In the last 3 months, over 100,000 orders in the category of fashion accessories have been processed by LatestOne.com. The target is to process 5,000 orders per day in this category by next financial year

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Bank of Maharashtra raises Rs 500 crore
Dec 16,2016

Bank of Maharashtra has successfully raised Rs 500 crore on 15 December 2015 by issue of BASEL III Compliant Unsecured Perpetual Non-Convertible Additional Tier I Bonds on private placement basis.

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Swan Energy provides update on its LNG Port Project in Gujarat
Dec 16,2016

Swan Energy announced that Government of Gujarat has now decided to participate by investing 26% in Equity of SWANS LNG Port Project in Gujarat.

Swan Energy is developing Indias first LNG Port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat state with a total investment of Rs. 5900 crore. A subsidiary Company and special purpose vehicle Company namely Swan LNG is implementing this project.

Government of Gujarat has now decided to participate by investing 26% in equity of the LNG Port Project through Gujarat State Petronet and Gujarat Maritime Board jointly.

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Hindustan Unilever provides update on Ponds Exports
Dec 16,2016

Hindustan Unilever announced that Ponds Exports (PEL), a subsidiary of Hindustan Unilever, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods for sale of certain movable assets and inventory with respect to the leather business of PEL.

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Hindustan Foods to acquire leather business of Ponds Exports
Dec 16,2016

Hindustan Foods announced that the Company has entered into an agreement for buying certain movable assets and stocks in respect of the leather business of Ponds Exports, a subsidiary of Hindustan Unilever. This marks the entry of Hindustan Foods in the Leather shoes exports space with a global clientele.

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Credit Analysis & Research to consider Q3 results and interim dividend
Dec 16,2016

Credit Analysis & Research announced that the meeting of the Board of Directors of the Company will be held on 03 February 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016 and the declaration of Interim Dividend, if any for the financial year 2016-17 (Q3).

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Nitin Alloys Global provides update on scheme of arrangement
Dec 16,2016

Nitin Alloys Global announced that the Honorable High Court of Judicature at Bombay had on 13 October 2016 approved the Scheme of Arrangement for demerger of the Castings Business of Nitin Castings Private Limited (the Demerged Company) into Nitin Alloys Global Limited (the Resulting Company) and their respective shareholders (Scheme).

The Company has received the certified copy of the order of the Honble High Court sanctioning the Scheme on 13 December 2016. This Scheme was approved by the Shareholders of the Company at the Court Convened Meeting held on 20 June 2016.

The relevant Form INC-28 for making the Scheme effective has been filed with the Registrar of Companies on 15 December 2016. Accordingly, the Scheme shall be effective from the Appointed Date i.e. 01 April 2015. The Company will also upload the said order on its website.

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Alembic Pharmaceuticals receives ANDA approval for Itraconazole Capsules
Dec 16,2016

Alembic Pharmaceuticals announced that the Company has received its Abbreviated New Drug Application (ANDA) for Itraconazole Capsules, 100 mg.

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Capital Trust announces change in CFO
Dec 16,2016

Capital Trust announced that Nitin Dhingra has been appointed as Chief Financial Officer of the Company in place of Mukesh Sehgal who has resigned from the Company.

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Deep Industries allots equity shares
Dec 16,2016

Deep Industries announced that the QIP Committee of Board of Directors has at its meeting held on 16 December 2016 approved the issue and allotment of 28,00,000 Equity Shares of Face Value of Rs. 10/- each to eligible Qualified Institutional Buyers at the issue price of Rs. 228/- per Equity Share, aggregating to Rs. 63.84 crore.

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Virinchi gets High Court approval for scheme of amalgamation
Dec 16,2016

Virinchi announced that the Company Petition No. 336 of 2016 and Company Petition No. 337 of 2016 filed for amalgamation of Bristlecone Hospitals into Virinchi has been allowed by the Honble High Court at Hyderabad on 13 December 2016. The certified copy of the scheme and final court order is awaited.

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New Delhi Television expands its presence in African region
Dec 16,2016

New Delhi Television announced that its English news channel, NDTV 24x7 is now also available on StarTimes, Africa leading pay-TV operator.

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