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Oil India provides update on buyback of shares
Jun 20,2017

Oil India announced that it has completed the extinguishment of total of 4,49,12,000 fully paid up equity shares of Rs 10 each. The paid up capital post the buyback is 75,66,02,607 equity shares of Rs 10 each aggregating Rs 756.60 crore.

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Government of India and the ADB Sign $275 Million Loan for Upgrading Urban Services in 64 Small Towns in Madhya Pradesh
Jun 20,2017

The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.

n++Madhya Pradesh needs substantial investments to keep pace with rapid urbanization. Availability of continuous piped water supply is vital for improving the urban infrastructure, and it will facilitate improved access to safe drinking water for residents in the project arean++, said Mr. Raj Kumar.

n++ADBs continued support to the States urban development, through this project, will improve further the quality, coverage, efficiency, and sustainability of urban service delivery, stabilize and deepen institutional capacity, and improve long term water service management,n++ said Mr. Sondjaja. n++A key element of the project is the use of design-build-operate contracts including 10-years operation and maintenance to ensure better sustainability of the water service operation and financial viability.n++

The project will develop sustainable, inclusive, and climate-resilient water supply in 64 small and medium-sized towns, and integrated storm water and sewerage infrastructure in two heritage towns of Khajuraho and Rajnagar. The project supports the State Governments priority to develop urban infrastructure. Previous ADB urban investments in the state have improved access to safe drinking water for more than 5 million residents in 4 major cities.

Along with ADBs loan, the Government of Madhya Pradesh will provide counterpart support of $124 million. The project will run for almost five years with an expected completion date of June 2022.

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China Stocks fall ahead of the MSCI decision on A shares
Jun 20,2017

The Mainland China equity market closed lower on Tuesday, 20 June 2017, on caution before MSCI Inc. announcement whether it will add Chinese domestic shares to its benchmark indexes. The Shanghai Composite Index eased 0.14%, or 4.36 points, to 3,140.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.12%, or 2.21 points, to 1,879.06. The CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - fell 0.2% or 7.18 points to 3,546.49. The Nasdaq-style ChiNext rose 0.3% or 18.33 points to 1,820.98.

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Hong Kong Stocks end down
Jun 20,2017

The Hong Kong stock market ended in red on Tuesday, 20 June 2017, as profit-taking following gains over the previous two trading days and on caution ahead of MSCIs decision to include mainland A-shares in its emerging markets index. Sector performance was mixed, with raw material stocks rose but property shares were down. The Hang Seng Index fell 0.31%, or 81.51 points, to 25,843.04, while the China Enterprises Index lost 0.5% or 52.32 points to 10,468.48. Turnover increased slightly to HK$66.8 billion from HK$65.7 billion on Monday. The northbound quota balance of the Shanghai-HK Connect program was RMB13.093 billion, surpassing the daily allowed quota of RMB13 billion. It indicated net outflow of RMB93 million. The southbound quota balance was RMB9.643 billion, accounting for 91.8% of the daily allowed quota of RMB10.5 billion. As for the Shenzhen-HK Connect, the northbound quota balance was RMB12.506 billion, accounting for 96.2% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB10.026 billion, accounting for 95.5% of the daily allowed quota of RMB10.5 billion.

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Australia Market falls on banks, realty weakness
Jun 20,2017

Australian equity market ended lower on Tuesday, 20 June 2017, as profit taking triggered after two straight sessions of gains, with shares of banks, realty, and energy companies leading broad selling. The S&P/ASX 200 index declined 0.8%, or 47.87 points to finish the session at 5,757.30.

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Surya Roshni to hold EGM
Jun 20,2017

Surya Roshni announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 23 July 2017 .

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Saregama India to hold AGM
Jun 20,2017

Saregama India announced that the Annual General Meeting (AGM) of the company will be held on 28 July 2017.

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Carnation Industries to hold AGM
Jun 20,2017

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

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Mount Shivalik Industries to hold EGM
Jun 20,2017

Mount Shivalik Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 June 2017 .

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India and Portugal Sign A Historical agreement to promote Cooperation in The Field of Archives
Jun 20,2017

A Protocol of Cooperation was signed between the National Archives of India and the Minister of Culture of the Portuguese Republic in the field of archives on 17th May, 2017 in Lisbon, Portugal. As a first step under this agreement, the Torre do Tombo (National Archives of Portugal) handed over to the National Archives of India digital copies of 62 volumes of the collection known as Moncoes do Reino (Monsoon correspondence).

These volumes were originally part of over 456 volumes that cover the period from 1568 to 1914 and form the largest of all record collections in the Goa State Archives. The collection consists of direct correspondence from Lisbon to Goa and is important primary source for the study of the Portuguese expansion in Asia, their trade rivalries with the Arabs and European powers and their relations with neighbourings Kings in South Asia and East Asia.

In 1777, these 62 volumes, consisting of over 12,000 documents, pertaining to the period from 1605 to 1651 were shifted from Goa to Lisbon where these were subsequently printed in under the title Documentos Remetidos da India(Documents sent from India) by the Academy of Science at Lisbon between 1880 and 1893. The original volumes had remained in Lisbon ever since.

After 240 years, this gap in the record series in the collection of the Goa State Archives was filled when on 17 May 2017, in a ceremony attended amongst others, by HE K. Nandini Single, Ambassador of the Republic of India to Portugal, and Ms. Teresa Artilheiro Ferreira, Chief of Division, Cultural Agreements and Cooperation Programmes Unit, Camoes, Dr Silvestre de Almeida Lacerda, Director General of Books, Archives and Libraries, handed over a set of digital images of the missing volumes of the Moncoes do Reino series to his counterpart Mr. Raghvendra Singh, Secretary to the Government of India and Director General of Archives, who led a two-member delegation to Portugal from 15-17 May 2017.

Speaking on this occasion Mr. Singh expressed his desire to work in close cooperation with the archival fraternity in Portugal and in India to make the centuries old relations between the two countries, more vibrant and meaningful. The Indian Ambassador added that ever since the very successful visit of the Portuguese Prime Minister to India in January this year, there is a lot of synergy between the two countries in diverse fields ranging from technology to education and from civil aviation to football - to name a few. Cultural being an important part of the lives of our people, is an important area where cooperation in the areas of shared heritage and legacy is greatly cherished by one and all.

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Reliance Defence Ammunition enters into strategic partnership with Yugoimport of Serbia
Jun 20,2017

Reliance Infrastructure promoted Reliance Defence Ammunition enters into a strategic partnership with Yugoimport of Serbia for ammunitionmanufacturing in India.

Two companies will work together in the field of ammunition, amongst others, with projected minimum requirement of Rs.20,000 crore over next 10 years from Indian armed forces.

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Titagarh Wagons acquires 10% stake in Titagarh Firema Adler SpA
Jun 20,2017

Titagarh Wagons announced that its subsidiary, Titagarh Singapore Pte Ltd. (TSPL), has acquired the shares held by Adler Plastic SpA, Italy, representing 10% of the total paid-up share capital of Titagarh Firema Adler SpA (TFA), a subsidiary of the Company.

As a result of the above, TFA has become a wholly-owned subsidiary of the Company in which the Company holds 1.8% directly and balance 98.2% is now held by TSPL.

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Veronica Production acquires distribution rights of Gujrati film
Jun 20,2017

Veronica Production has acquired distributing rights and all other domestic and International rights of their forthcoming Gujrati film Rasna No Dabbu on all on-line and off-line platforms

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Raymond sets up greenfield garment manufacturing facility in Ethiopia
Jun 20,2017

Silver Spark Apparel Ethiopia PLC, a wholly owned subsidiary of Raymond inaugurated its Greenfield garment manufacturing facility in Ethiopia. Set up at Hawassa Industrial Park (HIP), with an investment of over Rs 100 crore, this foray is in line with the Groups ambitions to increase its presence across International markets. This state of the art garment manufacturing facility will primarily cater to United States of America and European Markets.

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SpiceJet signs LoI with Bombardier Commercial Aircraft
Jun 20,2017

SpiceJet announced on 20 June 2017 from the International Paris Air Show, that it has signed a letter of intent (LOI) with Bombardier Commercial Aircraft, for up to 50 Q400 turboprop airliners. The LOI includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft.

Based on the Q400 turboprop list price, an order could be valued at up to US $ 1.7B billion. This would be the single biggest order for the Q400.

SpiceJet operates a fleet of 35 Next-Generation 737s and 20 Bombardier Q400s. Since 2010, SpiceJet has taken delivery of 15 Q400 aircraft. The airline currently operates 20 Q400 aircraft in a 78-seat configuration to domestic and international destinations.

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