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Pokarna gets revision in credit ratings
Dec 05,2016

Pokarna announced revision in credit ratings from CRISIL as follows -

Long term rating - CRISIL BB+/ Stable (Upgraded from CRISIL BB-/ Stable)

Short term rating - CRISIL A4+ (Reaffirmed)

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Zydus Cadila settles DELZICOL (Mesalamine) patent litigation
Dec 05,2016

Zydus Cadila announced that the patent litigation relating to Allergens DELZICOL (Mesalamine) has been settled. As a results of the settlement, and if approved by FDA, its subsidiary, Zydus Pharmaceuticals (USA) Inc. will be able to market its generic version of DELZICOL in the United States beginning on 01 March 2017 or earlier under certain circumstances.

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COSYN secures order worth Rs 34.44 crore
Dec 05,2016

COSYN has bagged an Order from West Bengal State Electricity Distribution Company, Kolkata, of value Rs.34.44 crore, the duration of the project being three years.

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Adani Enterprises appoints director
Dec 05,2016

Adani Enterprises announced that the Board of Directors of the Company vide circular resolution dated 02 December 2016 has appointed Vijaylaxmi Joshi as an Additional Director (Non-Executive, Independent) of the Company to hold office upto the date of the ensuing annual general meeting.

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IL&FS Engineering & Construction Co emerges Lowest Bidder for two contracts valued at Rs 677.8 cr
Dec 05,2016

IL&FS Engineering & Construction Co has emerged as the Lowest Bidder for two Rural Engineering Works and additional two Integrated Power Development Works of West Bengal State Electricity Distribution Company, Kolkata worth Rs 677.8 crore.

Deen Dayal Upadhyay Gram Jyoti Yojana - RE Contracts are being funded by Rural Electrification Corporation and IPDS Contracts are being funded by Power Financial Corporation.

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Shree Ganesh Jewellery House (I) announces resignation of company secretary
Dec 05,2016

Shree Ganesh Jewellery House (I) announced that Anumita Mishra, Company Secretary and Compliance Officer of the Company has resigned from her post for personal reasons with effect from 30 November 2016.

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Shree Ganesh Jewellery House (I) provides update on resignation of director
Dec 05,2016

Shree Ganesh Jewellery House (I) announced that Sandeep Khajnachi, Chairman and Whole Time Director on the Board of the Company has placed his resignation letter dated 25 November 2016 to resign from the post of Chairman and Whole Time Director of the Company for personal reasons but the Board accepted his resignation w.e.f. close of business hours of 30 November 2016 and not 25 November 2016 as informed earlier.

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Bajaj Finance allots NCDs aggegating Rs 105 crore
Dec 05,2016

Bajaj Finance announced that the Debenture Allotment Committee of the Company, at its meeting held on 02 December 2016 has allotted 1050 Unsecured Subordinated Tier II Redeemable Non-Convertible Debentures aggregating Rs 105 crore on private placement basis.

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Soma Textiles & Industries provides operations update
Dec 05,2016

Soma Textiles & Industries announced that after demonetization, order flow has slow down, the Company has therefore decided to work four days a week instead of six days a week in the month of December, 2016 to cope up with the temporary situation and on improvement in orders company will resort to normal working.

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Surya Roshni gets ratings assigned for CP programme
Dec 05,2016

Surya Roshni announced that Considering the overwhelming response for the Commercial Paper Programmes of Rs. 200 crore and the present liquidity conditions, company had requested the ICRA Credit Rating Agency for enhancing the limit of Commercial Paper Programme to Rs. 300 crores from Rs. 200 crores.

Further informed that ICRA Credit Rating vide its letter dated 01 December 2016 has assigned a provisional (ICRA)A1+(SO) rating for the enhanced amount of Rs. 300 crore (enhanced from Rs. 200 crore).

The aforesaid rating has been assigned based on request of the Company, improved financial risk profile characterized by the improvement in its capital structure and debt coverage and supported by performance of the Company. The rating as proposed by ICRA brings liquidity, gradually reduces the finance cost and enhance financial strength of the Company.

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Board of Tantia Constructions appoints director
Dec 05,2016

Tantia Constructions announced that the Board of Directors of the company has approved the appointment of Mohammad Sarim Arshad as an Additional Director (Independent, Non-Executive) w.e.f. 03 December 2016 on the Board of Directors of the Company by passing a resolution by circulation on 03 December 2016.

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Board of Maris Spinners approves change in directorate
Dec 05,2016

Maris Spinners announced about the change in Board of Directors of the Company at the Board of Directors meeting of the Company held on 31 October 2016 :

a. Resignation of M Rengaswamy, Director, has been considered with effect from 01 November 2016 2016.

b. A Hari Govind has been appointed as a Director with effect from 01 November 2016.

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Info Edge (India) makes additional investment in Vcare Technologies
Dec 05,2016

Info Edge (India) announced that the Company has, through its Wholly-owned subsidiary, invested an additional amount of Rs.1 crore through optionally convertible cumulative redeemable preference shares in Vcare Technologies which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.

Accordingly, the aggregate investment by the Company, including the above, is now Rs.4 crore in Vcare Technologies which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis.

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Shri Aster Silicates appoints director
Dec 05,2016

Shri Aster Silicates announced that Lekha Manibhai Buch has been appointed as an Additional director of the Company w.e.f. 03 December 2016.

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Wipro and Asahi Beverages jointly win ANZ Paragon award for Best BPO Sourcing partnership of 2016
Dec 05,2016

Wipro and Asahi Beverages, the Australian New Zealand business of Japanese beverage giant, have been jointly recognised for the Best BPO Sourcing partnership of 2016 by ANZ Paragon Awards, presented by Information Services Group, a leading technology insights, market intelligence and advisory services company.

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