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Shiv kamal Impex announces resignation for director
Aug 02,2017

Shiv kamal Impex announced the resignation of Dr. Sugan Chand Jain, Non- Executive Director of the Company with effect from the close of business hours of 02 August 2017.

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Olympia Industries allots 3,15,000 equity shares
Aug 02,2017

Olympia Industries has allotted 3,15,000 Equity shares of face value Rs. 10/- each, upon conversion of 3,15,000 warrants of Rs. 45/- each to the Promoters and Non-promoters pursuant to the applicable provisions of SEBI (LODR).

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Orosil Smith India fixes record date for sub-division of shares
Aug 02,2017

Orosil Smith India has fixed 28 August 2017 as record date for sub-division of equity shares.

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Agreements with Banks for easy deposit & withdrawals of EPF Contributions
Aug 02,2017

The Employees Provident Fund Organisation (EPFO) has tied up/entered into agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries. These banks are State Bank of India, Punjab National Bank, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.

The main objective of the multi banking arrangement is to provide more options to the employers to remit the Employees Provident Fund (EPF) contribution directly from their bank accounts. This will not only make the transactions cost effective but also ensure real time transfer of funds through net banking.

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Axis Bank raises Senior Notes aggregating USD 500 million
Aug 02,2017

Axis Bank has issued Senior Fixed Rate Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

The Notes have been priced at 130 basis points over the 5-year US Treasury Note, at a yield of 3.113%. The Notes will be denominated in US dollars, and will bear fixed interest of 3.00% per annum, payable semi-annually in arrears.

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Zensar Technologies expands Digital Workplace Services portfolio
Aug 02,2017

Zensar Technologies announced that due to increased demand the Company has launched an expanded Digital Workplace Services portfolio. Zensars Digital Workplace Services are user centric focusing on providing 360-degree visibility into the organisation and its end users, resulting in higher productivity and improved business performance.

-Zensars Digital Workplace Services Portfolio includes -

-Digital Workplace Maturity Assessments
-Digital Workplace Implementation Services (Mobility, Cloud, Migration)
-Managed Workplace Services (Smart Desk, Smart Field Support, PC Lifecycle, VDI/Daas, Managed Mobility, Workplace Automatics and Engineering Services)

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Indian Telecom Market is expected to cross the Rs 6.6 trillion revenue mark by the year 2020-Manoj Sinha
Aug 02,2017

The Minister of Communications Shri Manoj Sinha said that the Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market. While voice business still contributes a large chunk towards operator revenues, data revenues have shown an exponential growth trajectory over the last few years. The Minister said that by the end of 2016 the number of internet subscribers in India was 391.50 million making India globally the 2nd highest in terms of internet users.

He said that mobile data traffic also grew by 76 per cent in India in 2016 primarily attributed to increased smart phone penetration. This growing usage of smart phones, especially in urban areas, has increased the usage of internet on hand-held devices - in 2016, 559 megabytes of mobile data was generated per month by an average smart phone, up from 430megabytes per month in 2015.Consumption of video content is also forecasted to be 75 percent of Indias mobile data traffic by 2021, compared to 49 percent in 2016.

Shri Sinha said that advancements in innovative IoT technologies, like health monitors, smart transport, smart meters among others, is projected to result in 21 per cent increase in M2M services. These advances will result in a significant growth of mobile data, and as the telecom sector moves to newer technologies, TSPs will need to identify innovative avenues to monetise this data opportunity. He said that Indian Telecom Market is expected to cross the INR 6.6 trillion revenue mark by the year 2020.

The Minister said that Indian Government had launched the Digital India initiative in July 2015 which had three broad targets - providing Digital Infrastructure as a core utility to every citizen, Governance and Services on Demand as well as Digital empowerment of citizens.

Shri Sinha said that one of the projects under the Digital India initiative was BharatNet, launched to deploy high-speed optical fiber cables to connect 2.5 lakh Gram Panchayat across the country by 2018. This project would also help in increasing the fiberized sites in India which currently stands at less than 20 per cent as compared to other developed countries. The project is being implemented in Phases, with more than100,000 gram panchayats connected under Phase-I as of July2017 and states like Kerala, Karnataka, Chhattisgarh, Haryana, Uttar Pradesh and Madhya Pradesh neared 100 per cent completion.

The Minister also outlined the major achievements of the Indian Telecom Industry-

n++ Over 400 million internet users

n++ FDI quadrupled in FY2016-17 recording inflow of approximately USD 5.6 billion

n++ Greater than 20 per cent tower sites now diesel free

n++ Rural Tele density increased by 30 per cent over the last five years

n++ More than 3/4th of the data consumption was from 3G/4G

n++ Telecom industry generates over 4 million jobs direct and indirect

n++ LTE device ecosystem grew by 270 per cent from 2015

n++ 38 new mobile manufacturing units set up since September 2015

n++ 30 new locations added to Smart City mission in June 2017, total count reaches 90 smart cities

n++ The government, is also working aggressive to connect 54,000 unconnected villages and would speed up its efforts after getting due reports from all states.

n++ There is the inter-ministerial group to look into the financial health of the sector.

Secretary, Telecom, Ms Aruna Sundararajan said that in tune with the vision of the Prime Minister Shri Narendra Modi, India is attempting to do nothing short of charting a new digital strategy for growth. She said that new Telecom Policy will be a key building block for achieving the growth target of 10 percent from the current 7.6 percent as Telecom and IT are the two sectors contributing to 16.5 percent to the GDP, and there are immense possibilities for it to go up to 25 percent.

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Godrej Properties announces cessation of director
Aug 02,2017

Godrej Properties announced that S Narayan, Independent Director has today tendered his resignation from the position of Independent Director. The same has been accepted by the Board and accordingly, he will cease to be a Director from the close of the business hours on 02 August 2017.

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Tata Investment Corporation director retires
Aug 02,2017

Tata Investment Corporation announced that Kishor A. Chaukar, Non-Executive and Non-Independent Director, has retired from the Board of Directors of the Company with effect from 02 August 2017 on completion of 70 years of age, as per the Governance Guidelines for Tata Companies on Board Effectiveness adopted by the Board.

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Amit Spinning Industries announces resignation of director and CFO
Aug 02,2017

Amit Spinning Industries announced that Krishnan Sankaramani has resigned from the position of Director of the Company w.e.f 1 August, 2017. Malpeddi Nagnath S has resigned from the position of Chief Financial Officer of the Company 1 August, 2017.

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Dilip Buildcon fixes record date for dividend
Aug 02,2017

Dilip Buildcon has fixed 04 September 2017 as record date for distribution of dividend for FY 2016-17.

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VKJ Infradevelopers to conduct board meeting
Aug 02,2017

VKJ Infradevelopers will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Siddhi Vinayak Shipping Corp. to announce Quarterly Result
Aug 02,2017

Siddhi Vinayak Shipping Corp. will hold a meeting of the Board of Directors of the Company on 5 August 2017, to consider and approve the Directors Report with Annexure for the year ended March 31, 2017.

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Jaisukh Dealers schedules AGM
Aug 02,2017

Jaisukh Dealers announced that the Annual General Meeting (AGM) of the company will be held on 22 September 2017.

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Narendra Investments (Delhi) schedules board meeting
Aug 02,2017

Narendra Investments (Delhi) will hold a meeting of the Board of Directors of the Company on 12 August 2017, to consider and approve, the Unaudited Financial Results of the Company for the Quarter ended on June 30, 2017.

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