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Shri Piyush Goyal Launches Energy Conservation Building Code 2017
Jun 19,2017

Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines launched the Energy Conservation Building Code 2017 (ECBC 2017). Developed by Ministry of Power and Bureau of Energy Efficiency (BEE), ECBC 2017 prescribes the energy performance standards for new commercial buildings to be constructed across India.

The updated version of ECBC provides current as well as futuristic advancements in building technology to further reduce building energy consumption and promote low-carbon growth. ECBC 2017 sets parameters for builders, designers and architects to integrate renewable energy sources in building design with the inclusion of passive design strategies. The code aims to optimise energy savings with the comfort levels for occupants, and prefers life-cycle cost effectiveness to achieve energy neutrality in commercial buildings.

In his address , Shri Goyal, said, I would like to dedicate today ECBC Code 2017 to all the young children of India n++to the future of India for whose sake , it is incumbent on all of us to efficiently utilize every bit of resource , ensure implement such progressive and forward looking programmes of Government very diligently and ensure that we will leave behind for next generation a better world then what we inherited .n++

Shri Pradeep Kumar Pujari, Secretary, Power, stated that ECBC 2017 will give clear direction and have criteria for new buildings to be Super ECBC: n++The new code reflects current and futuristic advancements in building technology, market changes, and energy demand scenario of the country, setting the benchmark for Indian buildings to be amongst some of the most efficient globally.n++

In order for a building to be considered ECBC-compliant, it would need to demonstrate minimum energy savings of 25%. Additional improvements in energy efficiency performance would enable the new buildings to achieve higher grades like ECBC Plus or Super ECBC status leading to further energy savings of 35% and 50%, respectively.

With the adoption of ECBC 2017 for new commercial building construction throughout the country, it is estimated to achieve a 50% reduction in energy use by 2030. This will translate to energy savings of about 300 Billion Units by 2030 and peak demand reduction of over 15 GW in a year. This will be equivalent to expenditure savings of Rs 35,000 crore and 250 million tonnes of CO2 reduction.

ECBC 2017 was developed by BEE with technical support from United States Agency for International Development (USAID) under the U.S.-India bilateral Partnership to Advance Clean Energy - Deployment Technical Assistance (PACE-D TA) Program.

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Bindal Exports announces resignation of company secretary
Jun 19,2017

Bindal Exports announced the resignation of Nikhil Mistry from the position of Company Secretary and Compliance officer from the Closure of working hours of 19 June 2017.

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Ramco Systems wins Highly Recommended Payroll Software Supplier of the Year 2017 Award
Jun 19,2017

Ramco Systems won the Highly Recommended Payroll Software Supplier of the Year 2017 Award at the Global Payroll Associations Payroll Awards. Ramco was awarded for providing innovative, fully integrated Payrollsolutions to clients.

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Adani Power get revision in credit ratings
Jun 19,2017

Adani Power has received revision in credit ratings from CARE as under -

Long term bank facilities - CARE BB- (Revised from CARE BBB-)

Long term / short term facilities - CARE BB-/ CARE A4 (Revised from CARE BBB-/ CARE A3)

Long term bank facilities (Rupee term loan - Phase IV) - CARE BB-(SO) (Revised from CARE BBB+ (SO))

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Tata Elxsi enters into technology partnership with Airtel
Jun 19,2017

Tata Elxsi announced its association with Airtel as technology partner for system integration for Airtels Internet TV. Tata Elxsi developed and integrated key software components to ensure that the Android TVapplication suite provides a seamless user experience whether the viewer accesses online or offline content. This includes the OTA (Over the Air) upgrade module, a smart UI, customized Android TV launcher and software optimizations to future-proof the service.

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Edelweiss Financial Services gets ratings assigned for CP Programme
Jun 19,2017

Edelweiss Financial Services announced that ICRA has assigned the rating of [ICRA]A1+ (ICRA A one plus) to the proposed CP Programme (for IPO financing) of Rs. 9,000 crore of the Company.

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Adani Ports & Special Economic Zone gets reaffirmation in investment grade ratings
Jun 19,2017

Adani Ports & Special Economic Zone announced that Moodys has reaffirmed its investment grade ratings Baa3. Moodys has changed the outlook from Negative to Stable.

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Tata Communications adds new nodes for its IZOn++ Private Cloud service
Jun 19,2017

Tata Communications announced the launch of three new nodes for its IZOn++ Private Cloud service to support enterprises hybrid cloudadoption while ensuring regulatory compliance. The new private cloud nodes in Germany, United Arab Emirates (UAE)1 and Malaysia enable CIOs to gain unprecedented control over all their applications by creating a truly hybrid, high-performance IT infrastructure where different cloud, colocation and managed hosting environments work together as one.

IZOn++ Private Cloud now spans across 13 locations. In addition to Germany, UAE and Malaysia, Tata Communications has private cloud nodes in India, Singapore, Hong Kong and the UK. The new private cloud nodes address the needs of enterprises in industries with stringent regulatory requirements, including aviation, healthcare, manufacturing,media, banking, IT, financial services and insurance, retail and ecommerce.

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Lanco Infratech crashes on liquidation woes
Jun 19,2017

The announcement was made on Saturday, 17 June 2017.

Meanwhile, the S&P BSE Sensex was up 262.47 points or 0.85% at 31,318.87. The S&P BSE Small-Cap index declined 11.34 points or 0.07% at 15,655.90.

On the BSE, 52.33 lakh shares were traded on the counter so far as against the average daily volumes of 5.82 lakh shares in the past one quarter. The stock had hit a high of Rs 2.28 so far during the day. The stock hit a low of Rs 1.88 so far during the day, which is a record low. The stock had hit a 52-week high of Rs 5.61 on 20 July 2016.

The stock had underperformed the market over the past one month till 16 June 2017, sliding 30.27% compared with the Sensexs 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 34.36% as against the Sensexs 4.97% rise. The scrip had also underperformed the market over the past one year, declining 50.32% as against the Sensexs 17.08% rise.

The small-cap company has equity capital of Rs 331.41 crore. Face value per share is Rs 1.

The Reserve Bank of India (RBI) directed IDBI Bank, the lead bank of Lanco Infratech (LITL) to initiate Corporate Insolvency Resolution Process (CIRP) for LITL under the Insolvency and Bankruptcy Code, 2016.

On consolidated basis, Lanco Infratech reported net loss of Rs 584.73 crore in Q4 March 2017, higher than net loss of Rs 128.19 crore in Q4 March 2016. Net sales declined 4% to Rs 1982.68 crore in Q4 March 2017 over Q4 March 2016.

Lanco Infratech is an integrated infrastructure developer in India. The company has subsidiaries and divisions across multiple business verticals.

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Shareholders of Umiya Tubes approve increase in authorised share capital
Jun 19,2017

The shareholders of Umiya Tubes in its meeting held on 19 June, 2017 at the Registered Office of the Company, has approved the following resolutions:

1. Increase the Authorised Share Capital of the Company from existing Rs. 7,50,00,000 (Rupees Seven Crores Fifty Lacs Only) to Rs. 9,00,00,000 (Rupees Nine Crores Only).

2. Issue of 2,60,000 equity shares and 8,40,000 convertible warrants to the promoters (including promoter group) on preferential basis at an issue price of Rs. 115/- per Equity Shares/Convertible Warrant. Please take note of the same.

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Gujarat Terce Laboratories announces resignation of company secretary
Jun 19,2017

Gujarat Terce Laboratories announced that the Companys Company Secretary and Compliance officer Priyanka Jitendrakumar Bakhtyarpuri has resigned and the Board has approved the same with effect from 18 June 2017. Accordingly, she ceases as Compliance officer of the Company.

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KSS intimates of opening of BJewelz store in Morar, M.P.
Jun 19,2017

KSS announced that Birla Jewels (wholly owned subsidiary of KSS), has inaugurated opening of new retails store at Morar, Madhya Pradesh on 19 June 2017. It provides services to equip a jewellery retail outlet through franchisees to successfully run exclusive jewellery retail business under the banner of BJewelz, a brand owned by Birla Jewels.

The Company is currently focusing on the expansion of retail outlet of Bjewelz through franchisee model and down the year is planning to develop the retail outlet in the State of Gujarat, Maharashtra and Madhya Pradesh.

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Thirdwave Financial Intermediaries appoints CFO
Jun 19,2017

Thirdwave Financial Intermediaries has appointed Samir Chakraborty as Chief Financial Officer with effect from 25 May 2017.

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Jaybharat Textiles & Real Estate announces resignation of company secretary
Jun 19,2017

Jaybharat Textiles & Real Estate announced the resignation of Swaroop Singh Bhati from the post of Compliance Officer and Company Secretary of the Company.

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Shankara Building Products appoints CEO
Jun 19,2017

Shankara Building Products at its board meeting held on 19 June 2017 has appointed Siddhartha Mundra as CEO of the Company with effect from 9 June 2017.

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