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Virinchi bags multi-year contract for its flagship product - QFundTM
Feb 17,2017

Virinchi has signed up a multi-year contract for its flagship product QFundTM with one of the leading lenders of alternative financing industry in USA. Virinchis cloud solution will replace the entire IT infrastructure of the lender.

Over the first three years of the contract starting January 2017, Virinchi is expected to generate an annuity revenue of $3.5 million and service revenue of another $2.5 million, totalling a $ 6 million revenue addition over the same period.

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Canara Bank intimates of Bank strike
Feb 17,2017

Canara Bank has been informed by Indian Banks Association (IBA) that the United Forum of Bank Union (UFBU) has given a call for strike in the Banking Industry on 28 February 2017.

The above strike is for the issues relating to Industry Level and not for any Bank level issues.

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Mayur Uniquoters announces resignation of director
Feb 17,2017

Mayur Uniquoters announced that Manav Poddar, Non- Executive Director of the Company has resigned w.e.f 16 February 2017.

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Timex Group India allots preference shares aggregating Rs 35 crore
Feb 17,2017

Timex Group India has on 16 February 2017 allotted 3.50 crore 5% Cumulative Redeemable Non Convertible Preference Shares of face value Rs 10 each aggregating Rs 35 crore to Timex Group Luxury Watches B.V., Nederland, the Holding Company.

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Hindustan Construction Company shifts registered office
Feb 17,2017

Hindustan Construction Company announced that with effect from 15 January 2017 the Registered Office address of the Company has been changed to Hincon House, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India.

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IRB Infrastructure Developers provides update on subsidiary - IRB Infrastructure
Feb 17,2017

IRB Infrastructure Developers announced that IRB Infrastructure, wholly owned subsidiary of the Company and an Investment Manager of IRB InvIT Fund, has appointed Rajinder Pal Singh as an additional director (Independent) and Chairman of the board of Directors of IRB Infrastructure with effect from 14 February 2017.

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Bank of India announces appointment of Executive Director
Feb 17,2017

Bank of India announced that, in the exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 and sub clause (1) of clause 8 of The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government has appointed Neelam Damodaran, General Manager, Bank of Baroda as Executive Director of Bank of India for a period upto 30 November 2019 i.e. the date of his superannuation with effect from the date of his taking over of the charge of the post or until further order, whichever is earlier.

He has taken charge on 16 February 2017.

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HDFC Bank intimates of removal of foreign investment restrictions
Feb 17,2017

HDFC Bank announced about the RBI Press Release dated 16 February 2017 notifying that the aggregate foreign shareholding through American Depository Receipts/ Global Depository Receipts/ Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs)/ Foreign Direct Investments (FDI)/ Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in the Bank has gone below the prescribed limit stipulated under the extant FDI policy. Hence the restrictions placed on the purchase of shares of the Bank have been withdrawn with immediate effect.

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Board of MSR India approves change in directorate and change in CFO
Feb 17,2017

MSR India announced that the Board of Directors of the Company at its meeting held on 17 February 2017 has approved the following -

Resignation of Priyanka Palacharla, Director
Resignation of Krishna Reddy, CFO
Appointment of Somala Bharati as Additional Director
Appointment of Vara Prasad as CFO

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Oracle Financial Services Software allots 304 equity shares
Feb 17,2017

Oracle Financial Services Software announced that the ESOP Allotment Committee of the Company at its meeting held on 17 February 2017, has allotted 304 equity shares of face value of Rs. 5/- each to the eligible Employees of the Company who have exercised their OFSS Stock Units under the OFSS Stock Plan 2014. These shares rank pari passu with the existing equity shares of the Company in all respects. In this allotment, no shares are allotted to Directors of the Company.

With this allotment, the paid up capital of the Company has increased to Rs. 425,406,495.00 divided into 85,081,299 equity shares of face value of Rs. 5/- each.

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Meglon Infra-Real (India) to hold board meeting
Feb 17,2017

Meglon Infra-Real (India) will hold a meeting of the Board of Directors of the Company on 22 February 2017, to evaluate the performance of Board of Directors and Key Managerial Personnel of the company

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Intellect SEEC forms partnership with Safety Compass
Feb 17,2017

Intellect SEEC, the insurance software division of Intellect Design Arena announced partnership with The Safety Compass, innovators of real time safety management software that uses augmented reality to reduce work related incident, injuries and death.

This partnership enables The Safety Compass smartphone application to be easily distributed along with Intellect SEECs machine learning product Risk Analyst to determine safety hazards and risks at the workplace for commercial companies.

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NTPC provides update on exposure of coal on its first coal mine - Pakri Barwadih
Feb 17,2017

NTPC announced that the First Rake of coal has been flagged off on 16 February 2017 from Companys first coal mine, Pakri Barwadih mine located in the state of Jharkhand.

This coal mine will have ultimate capacity of 18 Million Metric Tonne per annum. In the next year, around 2-3 Million Metric Tonne of coal is likely to be produced. As a basket source, coal will be supplied to different power stations of NTPC from this mine.

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NTPC provides update on exposure of coal in its Pakri Barwadih mine
Feb 17,2017

NTPC announced that the First Rake of coal has been flagged off on 16 February 2017 from Companys first coal mine, Pakri Barwadih mine located in the state of Jharkhand.

This coal mine will have ultimate capacity of 18 Million Metric Tonne per annum. In the next year, around 2-3 Million Metric Tonne of coal is likely to be produced. As a basket source, coal will be supplied to different power stations of NTPC from this mine.

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UP Hotels to hold board meeting
Feb 17,2017

UP Hotels will hold a meeting of the Board of Directors of the Company on 20 February 2017, to consider & approval of the audited financial statement for the financial year ended 31 March 2015 and payment of dividend for the financial year ended 31 March 2015.

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