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Quess Corp to allot 1.09 crore equity shares
Aug 18,2017

Quess Corp announced that the duly authorized Capital Raising Committee of the Board of Directors of the Company, at its meeting held on 18 August 2017 decided to allot 1,09,24,029 Equity Shares of Rs.10/- each to successful applicants at an issue price of Rs. 800 per Equity Share, aggregating to Rs. 873.92 crore, under QIP Issue.

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A2Z Infra Engineering grants 17,60,000 Stock Options
Aug 18,2017

A2Z Infra Engineering announced that the Nomination & remuneration Committee Meeting of the Board of Directors at its meeting duly held on 17 August, 2017 had approved the grant of 17,60,000 Stock Options to the eligible Employees of the Company and subsidiaries under the A2Z Employee Stock Option Plan 2013 & A2Z Employee Stock Option Plan 2014.

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Tiaan Ayurvedic & Herbs receives purchase order
Aug 18,2017

Tiaan Ayurvedic & Herbs announced the receipt of a purchase order amounting to Rs 5.07 crore for its Ayurvedic products.

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Board of Manaksia Industries approves setting up of three new subsidiaries
Aug 18,2017

The Board of Manaksia Industries at its meeting held on 16 August 2017 approved the following -

Setting up new subsidiaries in Bangladesh and Sri Lanka with investment of USD 200000 each for manufacturing of packaging products of different sizes for supply to pharmaceuticals, liquor and other industries.

Setting up new subsidiary in Georgia for medical business, metals, edible items by investment of USD 200000.

AGM to be held on 18 September 2017.

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Allahabad Bank announces change in nominee director
Aug 18,2017

Allahabad Bank announced the appointment of Rajeev Rajan as Government Nominee Director with effect from 17 August 2017 in place of Anshuman Sharma.

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Sanwaria Agro Oils intimates of increase in import duty of crude oil and refined oil
Aug 18,2017

Sanwaria Agro Oils announced that the Ministry of Commerce on 11 August 2017 raised import duty on crude and refined oil to 15% and 25% from 7.5% and 15% earlier. This initiative of the Government will make Soya Oil extraction and refining segment more viable. Following the goods and services tax (GST) the increase in import duty on edible oil is also a welcome step by the Government.

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India Tourism Development Corporation announces change in directorate
Aug 18,2017

India Tourism Development Corporation announced the appointment of Leena Nandan, IAS (UP:1987), Addl. Secretary & Financial Advisor (AS & FA), Ministry of Tourism, as part-time Government Director on the Board of ITDC in place of Dr. Pradeep Kumar, IAS (Kerala:1987).

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Atishay gets reaffirmation in ratings for bank facilities
Aug 18,2017

Atishay has received reaffirmation in credit ratings from CARE for its bank facilities as under -

Long term bank facilities (Rs 4.64 crore) - CARE BBB; Stable
Short term bank facilities (Rs 4 crore) - CARE A3+

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Outcome of board meeting of Ganesh Benzoplast
Aug 18,2017

Ganesh Benzoplast announced that the Board of Directors of the Company at its meeting held on 18 August 2017 has transacted the following -

i. Considered and approved that a proposal to segregate the divisions of the Company either by Demerger or Slump Sale will be formulated and implemented immediately.

ii. The designation of Mr Ramesh Punjabi has been changed from Non-Executive Independent Director to Non-Executive Non-Independent Director, liable to retire by rotation, w.e.f 18 August 2017.

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Punjab National Bank announces interest rate on Savings Balances
Aug 18,2017

Punjab National Bank has introduced two tier interest rate structure on Savings Fund deposit scheme with effect from 19 August 2017.

Savings Balance upto Rs 50 lakh - 3.50% p.a.
Savings Balance above Rs 50 lakh - 4% p.a.

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Petronet LNG provides update on dividend and bonus issue
Aug 18,2017

Petronet LNG announced that with reference to dividend of Rs 5 per share and bonus issue of 1:1 recommended by the Board on 09 May 2017, the Board of the Company has declared the dividend on pre- bonus issue share capital (i.e. Rs. 75,00,00,0440). Further, after bonus issue the paid up capital of Company has become Rs. 15,00,00,00,880. As a result the dividend shall be adjusted accordingly i.e. Rs. 2.5/- per share on current paid up capital.

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United Bank of India announces change in nominee director
Aug 18,2017

United Bank of India announced the appointment of Sameer Kumar Khare as Government Nominee Director, in place of A K Dogra on the Board of the Bank with immediate effect.

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Punjab & Sind Bank announces change in Government Nominee Director
Aug 18,2017

Punjab & Sind Bank announced the appointment of S.Selvakumar, Joint Secretary, DEA, as Government Nominee Director on the Board of Directors of the Bank with immediate effect and until further orders in place of S.R.Mehar.

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IFCI announces appointment of MD and CEO
Aug 18,2017

IFCI announced the appointment of Dr Emandi Sankara Rao as MD and CEO of the Company for a period of 3 years on 17 August 2017.

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Board of Infosys approves change in MD and CEO
Aug 18,2017

The Board of Infosys at its meeting held on 18 August 2017 has accepted the resignation of Dr Vishal Sikka as the MD and CEO of the Company with immediate effect. The Board has appointed Dr Vishal Sikka as the Executive Vice Chairman. U B Pravin Rao has been appointed as interim- MD and CEO.

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