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Apar Industries standalone net profit rises 82.20% in the September 2016 quarter
Nov 08,2016

Net profit of Apar Industries rose 82.20% to Rs 45.66 crore in the quarter ended September 2016 as against Rs 25.06 crore during the previous quarter ended September 2015. Sales rose 1.46% to Rs 1252.58 crore in the quarter ended September 2016 as against Rs 1234.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1252.581234.58 1 OPM %8.017.22 - PBDT80.0147.03 70 PBT69.5637.77 84 NP45.6625.06 82

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Cyber Media (India) reports standalone net loss of Rs 0.23 crore in the September 2016 quarter
Nov 08,2016

Net loss of Cyber Media (India) reported to Rs 0.23 crore in the quarter ended September 2016 as against net profit of Rs 0.10 crore during the previous quarter ended September 2015. Sales declined 35.28% to Rs 2.22 crore in the quarter ended September 2016 as against Rs 3.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.223.43 -35 OPM %-24.320.58 - PBDT-0.590.46 PL PBT-0.810.17 PL NP-0.230.10 PL

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Jupiter Industries & Leasing reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 08,2016

Net Loss of Jupiter Industries & Leasing reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Mylan and Biocon announce USFDA Submission for proposed biosimilar Trastuzumab
Nov 08,2016

Mylan and Biocon announced submission of Mylans biologics license application (BLA) for MYL-1401O, a proposed biosimilar trastuzumab, to the U.S. Food and Drug Administration (FDA) through the 351(K) pathway. This product is a proposed biosimilar to branded trastuzumab, which is indicated to treat certain HER2-positive breast and gastric cancers. Mylan and Biocon believe that this has the potential to be the first submission of a proposed biosimilar trastuzumab in the U.S.

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Mahindra CIE Automotive allots equity shares
Nov 08,2016

Mahindra CIE Automotive announced that the Allotment Committee of Board of Directors of the Company vide its resolution passed on 08 November 2016 issued and allotted 5,013 Equity Shares of face value of Rs. 10/- pursuant to exercise of options by the eligible employees under the Companys Employees Stock Option Scheme, 2007. Consequent to the allotment the paid up capital of the Company has been increased from Rs. 3,780,832,520/- to Rs. 3,780,882,650/-.

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Geecee Ventures signs MoU with M Power Micro Finance
Nov 08,2016

Geecee Ventures has entered into a MoU with M Power Micro Finance to acquire up to 35% of the equity capital of M Power Micro Finance.

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Power Mech Projects intimates of work orders aggregating Rs 271.89 crore
Nov 08,2016

Power Mech Projects announced that its subsidiaries have received work orders aggregating Rs 271.89 crore in Oman and Saudi Arabia.

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Trigyn Technologies allots equity shares
Nov 08,2016

Trigyn Technologies announced about increase in Equity share capital of the Company on account of allotment of 25,000 Equity shares under The Trigyn Technologies Limited Employee Stock Option Plan- 2000 scheme of the Company.

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Rupee surges
Nov 08,2016

Rupee closed higher at 66.6099/6200 per dollar on Tuesday (08 November 2016), versus its previous close of 66.7350/7450 per dollar.

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Atlanta intimates of commencement of user fee collection
Nov 08,2016

Atlanta announced that Atlanta Ropar Tollways, a subsidiary, has got commercial operation permission to start user fee collection for rehabilitation, upgradation and widening of the existing carriageway of Ropar-Chamkaur Sahib- Neelon section in the State of Punjab at a contract price of Rs 253.44 crore. The user fee collection shall commence from 09 November 2016.

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MOU on Defence Salary Package Signed between Indian Army and Corporation Bank
Nov 08,2016

Memorandum of Understanding (MoU) was signed between the Indian Army and Corporation Bank on the Defence Salary Package today. The signing ceremony was chaired by the Adjutant General, Lt Gen Rakesh Sharma, and was attended by top officials of Corporation Bank headed by Gopal Murli Bhagat, Executive Director.

The MoU is tailor made to suit the requirements of serving soldiers, pensioners and families and includes free / concessional services including free drafts, free cheque books, free funds transfers to any bank in India through RTGS / NEFT, free ATM cards, Unlimited transactions on all ATMs including that of other Banks. Some important features of the MoU include Personal Accident Insurance Cover of Rs 5 & 10 lacs, Air Insurance Cover of Rs 5 to 50 lacs and Term Life Insurance Cover of Rs 5 & 10 lacs. All the facilities are also extended to the pensioners except Term Life Insurance Cover.

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Mindtree opens a Salesforce Center-of-Excellence
Nov 08,2016

Mindtree announced the opening of a Salesforce Center-of-Excellence in Munich, Germany. This facility is anchored by Magnet 360, a Salesforce Platinum Partner and a wholly-owned subsidiary of Mindtree.

Mindtree and Magnet 360 have a dedicated team of Salesforce consultants at the Munich Center-of Excellence, providing Mindtree and Magnet 360 clients in Europe with end-to-end Salesforce expertise forconsulting, development, delivery and support. The scope of capability for the new location spans the full range of the Salesforce Customer Success Platform, including Sales Cloud, Service Cloud, Community Cloud, Marketing Cloud and more.

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Muthoot Finance hikes stake in Belstar Investment and Finance
Nov 08,2016

Muthoot Finance has further acquired 24 lakh equity shares of Rs 10 each of Belstar Investment and Finance at a total price of Rs 8.4 crore.

With this investment, the Company has completed the acquisition of 57.16% stake of Belstar Investment and Finance and accordingly, it has become at subsidiary of Muthoot Finance.

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Legacy Mercantile announces change in directorate
Nov 08,2016

Legacy Mercantile announced Saurabh Sharma has been resigned on 22 September 2016 and Agusteen Kachhap was appointed as on 14 October 2016.

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GTL Infrastructure to allot equity shares
Nov 08,2016

GTL Infrastructure announced that the Committee of the Company at its meeting held on 08 November 2016, has considered allotment of 27,126,000 equity shares consequent to conversion of 5,000 FCCBs of US$ 1,000/- each (Series A Bonds) at a conversion price of Rs. 10/- per share, in terms of the Offering Circular dated 17 October 2012 for issue of US$ 111,740,000 Zero Coupon Compulsorily Convertible Bonds due 2017 (Series A Bonds).

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