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Board of Hindustan Composites recommends final dividend
May 26,2017

Hindustan Composites announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of Ion Exchange (India) recommends final dividend
May 26,2017

Ion Exchange (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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MphasiS and DXC Technologies announce new Solution Partner relationship
May 26,2017

MphasiS and DXC Technologies announced a new Solution Partner relationship to transform and modernise application for public, private and hybrid cloud. The two companies will work together to help clients accelerate the modernisation of their applications as they move to the cloud. With this Mphasis is now part of the DXC Partner Network.

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Glenmark Pharmaceuticals receives final approval for Olmesartan Medoxomil
May 26,2017

Glenmark Pharmaceuticals has been granted final approval by the United States Food & Drug Administration for Olmesartan Medoxomil Tablets, 5 mg, 20 mg and 40 mg, the generic version of Benicarn++ Tablets, 5 mg, 20 mg and 40 mg, of Daiichi Sankyo, Inc. Glenmarks Olmesartan Medoxomil Tablets will be manufactured by Glenmark Pharmaceuticals Limited in its manufacturing facility located in Goa, India.

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GP Petroleums announces change in directorate
May 25,2017

GP Petroleums announced the following change in directorate -

Thangapandian S. has resigned from the Chairmanship and Directorship of the Company.

Manan Goel appointed as Additional Director designated as Chairman and Prerit Goel appointed as Additional Director designated as Vice-Chairman of the Company.

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V-Mart Retail opens new store in J&K
May 25,2017

V-Mart Retail has opened a new store in Jammu & Kashmir State. With this the total number of stores has increased to 144 stores.

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Jubilant Life Sciences hikes prices of its Vitamin B3 (Niacin & Niacinamide)
May 25,2017

Jubilant Life Sciences announced a price increase of up to 15% for its Vitamin B3 (Niacin & Niacinamide) with immediate effect, for non-contract customers and wherever existing contracts permit. This isfurther to the price increase of up to 15% announced in December 2016.

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Skipper signs MoU with Indian Plumbing Skills Council
May 25,2017

Skipper has signed an exclusive Memorandum of Understanding with Indian Plumbing Skills Council (IPSC) for training and certifying more than 10,000 youths with both urban & rural plumbing skills.

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National Aluminium Company signs MoU with Ministry of Mines, Govt. of India
May 25,2017

National Aluminium Company has signed an MoU with the Ministry of Mines, Govt. of India setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18.

The MoU was formulated as per the new Department of Public Enterprise guidelines and finalized after discussions with both Inter-Ministerial Committee as well as Ministry of Mines.

As per the MoU, the target for revenue from operations has been fixed at Rs.8100 crore (net of excise) which is Rs 700 cr more than previous year.

The MoU has also set 100% targets for production of both bauxite and alumina i.e. 6.825 million tonnes and 2.1 million tonnes, respectively. Aluminium production target is set at 4.4 lakh tonnes as compared to the previous fiscal. The targets are an all time high for the company and is expected to push the profitability of NALCO despite increase in expenses on account of enhanced electricity duty, RPO obligations, employee wage revision and power & fuel oil.

The Company has a CAPEX target of Rs.1158 crore against Rs.873 crore achieved in 2016-17. The expenses are to be incurred in several new and ongoing projects like the 1 million tonne refinery, Utkal-D&E coal blocks, solar and wind power projects, modernization and upgradationof Plant & equipments.

In yet another strategic move on the human resource front, thecompany has set a new HR succession plan, HR Audit, online ACR and training in reputed business institutes for its employees. The plan will enable the company to synchronize its workforce and skill set in line with the new business plan which is already in an advanced stage finalization.

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UPL hikes stake in Sinagro Group, Brazil
May 25,2017

UPL announced that the Company and Sinagro Group, a Brazilian company in the state of Matto Grosso, comprising of (i) Sinagro Produtos Agropecun++rios S.A and (ii) 3SB Produtos Agrn++colas S.A. has obtained necessary approval for an agreement and has consequentially completed a transaction in terms of the agreement in which UPL through its step down wholly owned subsidiary has subscribed to additional 9% shares in Sinagro Group, so as to increase its interest in the Sinagro Group share capital from 40% to 49% (Transaction) Sinagro Group based out of Primavera de Leste in the state of Mato Grosso, is one of the leading distributors of farm inputs in the Cerrado region of Brazil and is also in the business of agricultural production and trading of grains. Brazil has the largest Soybean agrochemical market in the world and state of Mato Grosso is the leading Soybean producing state in Brazil.

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Zee Learn allots 14,806 equity shares
May 25,2017

Zee Learn has allotted 14,806 equity shares under ESOP. With this allotment, the paid up equity shares have increased to 323,520,018 equity shares of Re 1 each.

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Salzer Electronics appoints director
May 25,2017

Salzer Electronics has appointed Otto Eggimann as an Additonal Independent Director on the Board of the company on 25 May 2017.

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Thirdwave Financial Intermediaries appoints CFO
May 25,2017

Thirdwave Financial Intermediaries announced the appointment of Samir Chakraborty as Chief Financial Officer (CFO) of the company with effect from 1 May 2017.

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Cipla allots 7949 equity shares
May 25,2017

Cipla has allotted 7949 equity shares under ESOP on 25 May 2017.

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Thirdwave Financial Intermediaries appoints company secretary and compliance officer
May 25,2017

Thirdwave Financial Intermediaries announced the appointment of Saloni Sharma as Company Secretary and Compliance Officer of the company with effect from 22 May 2017.

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