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Kharif Crop Sown in 92.85 Lakh Hectare so far
Jun 16,2017

The total sown area as on 16th June 2017, as per reports received from States, stands at 92.85 lakh hectare as compared to 87.59 lakh hectare at this time last year.

            It is reported that rice has been sown/transplanted in 9.22 lakh ha, pulses in 2.22 lakh ha, sugarcane in 47.52 lakh hectare and cotton in 16.67 lakh ha.

             The details of the area covered so far and that covered during this time last year are given below:

                                                                                                                              Lakh hectare 

CropArea sown in 2017-18Area sown in 2016-17Rice9.229.40Pulses2.223.63Coarse Cereals8.447.65Oilseeds1.882.63Sugarcane47.5244.82Jute & Mesta6.907.22Cotton16.6712.25Total92.8587.59

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Filatex India provides update on its capacity expansion project
Jun 16,2017

Filatex India provided update on the capacity expansion project undertaken by the Company. The Company is putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn, 50 TPD of Semi Dull Fully Drawn Yarn, 25 TPD of Bright Polyester POY and 85 TPD of Bright Chips at an estimated capital outlay of Rs 330 crore.

The Company has completed financial closure with the lenders for Rupee and Foreign Currency Loan. The orders for major plant and machinery, both imported and indigenous have been placed. The civil work has already been commenced and the project is progressing as per schedule.

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Polaris Consulting & Services allots 25,700 equity shares
Jun 16,2017

Polaris Consulting & Services has allotted 25,700 equity shares under ESOP.

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Wheels India and Topy Industries, Japan announce strategic partnership
Jun 16,2017

Wheels India and Topy Industries, Japan have reached an agreement regarding a strategic partnership in the passenger car steel wheels business in India, whereby Topy will invest a 26% stake in WIL Car Wheels, a wholly owned subsidiary of Wheels India. The investment will be made through new issue of equity shares by WCWL to Topy.

WCWL was set by WIL to carry on the passenger car steel wheel business in India. WIL has entered into agreements to transfer its entire passenger car steel wheel business carried out at its plants in Padi, Chennai and Bawal, Haryana, on slump sale basis, to the new company.

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Setting up of GST Facilitation Cell in DIPP
Jun 16,2017

In pursuance to Cabinet Secretarys directions a GST facilitation cell has been set up in the Department with a view to facilitate the rollout of GST. The GST facilitation cell is headed by Sh. Sudhansu Sekhar Das, Economic Adviser. The cell shall have the following functions:

(i) Be in Constant touch with the major industry and business associations relating to the Department.

(ii) Shall be the first point of contact for addressing any issue being faced by any sector related to the Department.

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Global Offshore Services announces change in directorate and CFO
Jun 16,2017

Global Offshore Services announced that the Board of Directors at its meeting held on 16 June 2017 passed the following resolutions -

1. Cessation of Ashok Garware as Executive Chairman w.e.f. closing hours of 30 June, 2017 and continues to act as Non-Executive Chairman.

2. Resignation of Niladri Sengupta as CFO w.e.f. closing hours of 30 June,2017.

3. Appointment of Niladri Sengupta as an Additional Director & Whole Time Director subject to approval of Shareholder at the ensuing AGM and Secured Creditors of the Company w.e.f. 1 July, 2017 for a period of 3 years.

4. Appointment of Pradip S Shah as CFO w.e.f. 1 July, 2017

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RBL Bank allots 172,404 equity shares
Jun 16,2017

RBL Bank has allotted 172,404 (One Lac Seventy Two Thousand Four Hundred & Four) equity shares of face value Rs. 10 each on 16 June 2017 under the ESOP Schemes of the Bank.

Consequent to the above allotment, the paid up share capital of the Bank has increased from 376,447,587 equity shares of Rs. 10 each aggregating Rs. 3,764,475,870 to 376,619,991 equity shares of Rs. 10 each aggregating Rs. 3,766,199,910.

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Edelweiss Financial Services allots 94,25,174 equity shares
Jun 16,2017

Edelweiss Financial Services has allotted 94,25,174 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Asian Paints provides update on indirect subsidiary Berger International, Singapore
Jun 16,2017

Asian Paints announced that Berger International, Singapore (BIPL), indirect subsidiary company of the Company, has on 16 June 2017 entered into a Share Purchase Agreement with ANSA Coatings International , St. Lucia (ANSA Coatings) for divestment of its entire stake in Lewis Berger (Overseas Holdings), UK (LBOH), wholly owned subsidiary of BIPL, which in turn holds stake in the following companies:

100% stake in Berger Paints Barbados Limited (BPBL), a company incorporated under the laws of Barbados;
51% stake in Berger Paints Jamaica Limited (BPJL), a publicly listed company incorporated under the laws of Jamaica; and
70% stake in Berger Paints Trinidad Limited (BPTL), a publicly listed company incorporated under the laws of Trinidad and Tobago.

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A.K.Capital Services to incorporate step down subsidiary
Jun 16,2017

A.K.Capital Services announced that A.K. Capital Finance, a material subsidiary of the Company proposes to incorporate a new Company to carry on the business of housing finance and matters incidental thereto. The proposed company will be named Family Home Finance. Since the proposed company is a step down subsidiary, the Company will be ultimate holding company of the proposed company.

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Gem & Jewellery Training Institute set up in Udupi, Karnataka, First of its kind in Southern India, aims to boost G&J sector in the region
Jun 16,2017

Commerce and Industry Minister Smt. Nirmala Sitharaman laid the Foundation Stone for a premier Gem & Jewellery Training Institute in Udupi, Karnataka . Indian Institute of Gems & Jewellery (IIGJ) is being set up in association with National Institute of Design (NID), Ahmedabad. This training centre shall be amongst the series of Training Institutes & Facility Centres set up by GJEPC (Gem and Jewellery Export Promotion Council) across India. With IIGJ Udupi , GJEPC forays into Education & Training field in the Southern India for the first time.

Addressing the function Smt. Sitharaman said that Across the Globe, the best of jewellery pieces are majority hand made. Global retail giants like Cartier, Boucheron or Van Cliff command premium prices for their hand made jewellery. She said India, whose forte lies in crafting most intricate handmade jewellery should capitalise on this opportunity by building necessary infrastructure.The Minister said by setting up institutes like IIGJ and other facility centres GJEPC once again has come forward to further equip Indian Gem & Jewellery sector and make it globally competitive. She said she was confident that IIGJ in Udupi will aid in providing exciting career opportunities to youth of surrounding regions in this sector.

Mr. Manoj Dwivedi, Joint secretary said With over 100 retail stores and engaging workforce of over 5000 people, Udupi boasts of a rich jewellery lineage. By setting up IIGJ here, GJEPC envisions to productively use the talent available here by providing required training and guidance.He said GJEPC has joined hands with NID, Ahmedabad to ensure that best of jewellery and manufacturing courses are offered to the enrolled students. He applauded GJEPC for taking this visionary step which would not only skill the youth but also create more job opportunities in Southern India.

Commenting on setting up of Institute, Praveenshankar Pandya, Chairman, GJEPC said that IIGJ in Udupi is one of the ambitious projects taken up by GJEPC to tap the unutilised potential of youth in this region and thereby giving a significant boost to Indian G& J sector. This Institute strongly embodies Honourable Prime Ministers Make in India initiative and much professed emphasis on design & handmade jewellery. It is closely aligned with the vision of Smt. Nirmala Sitharaman, Honourable Commerce & Industry Minister to establish a one of its kind, full-fledged Jewellery Institute at Udupi with strong Design focus. He said this is yet another step towards the pursuit of n++Skill Indian++.

The Institute will provide training to the youth in the region in various aspects of hand-crafted jewellery making, which could eventually lead to employment opportunities in the G & J sector. It will also aim at enhancing the skills of the existing work force already engaged with the industry. Creation and upgradation of such trained work force will in turn help in fostering development of the local jewellery industry.

The Institute will focus on three levels of skills:

1. NEW SKILLING for developing fresh skills in candidates who have no prior domain learning/working knowledge of jewellery

2. UP-SKILLING for upgrading the skills of candidates who have prior domain learning and are already working in the sector.

3. Give a design & technological orientation to the local industry to be competitive in the Indian & world market

Keeping the objectives in mind, the Institute shall offer Manufacturing & CAD designing courses on jewellery. Indian Diamond Institute, based in Surat & IIGJ has been involved on behalf of GJEPC to collaboratively develop the programme curriculum with NID, Indias Premier Design Institution.

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Modex International Securities provides update on subsidiary
Jun 16,2017

Modex International Securities announced that its subsidiary, Modex International Securities IFSC which was incorporated on 21 December 2016 at GIFT City, Gandhinagar Gujarat, has commenced its business of stock broking with effect from 14 June 2017.

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Board of Rishi Techtex approves conversion of warrants
Jun 16,2017

Rishi Techtex announced that the Preferential issue Committee of the Board of Directors of the Company in their meeting held on 16 June 2017 approved issue and allotment of 3,04,000 Equity Shares of Rs.10/- each at a price of Rs.17/- per share against conversion of warrants.

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Board of Zodiac-JRD-MKJ appoints director
Jun 16,2017

The Board of Directors of Zodiac-JRD-MKJ at its meeting held on 16 June 2017 have approved appointment of Mukesh Desai, Jindat Mehta and Hasmukh Thakker as an Independent Non Executive Director with effect from 16 June 2017.

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Outcome of board meeting of Wheels India
Jun 16,2017

Wheels India announced that the Board of Directors of the Company at its meeting held on 16 June 2017 has approved and agreements have been entered into for (a) the slump sale of its passenger car steel wheels business undertaken at Padi, Tamil Nadu and Bawal, Haryana to WIL Car Wheels, its wholly owned subsidiary; and (b) the subsequent investment by Topy Industries, Japan into WCWL pursuant to which Topy shall acquire a 26% stake in WCWL.

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