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ACC, HDFC Bank in spotlight ahead of March quarter earnings
Apr 21,2017

ACC will announce its Q1 results today, 21 April 2017. HDFC Bank unveils its Q4 results today, 21 April 2017.

Reliance Industries (RIL) announced the successful and flawless commissioning of the second and final phase of Para-Xylene (PX) comprising of PX Crystallizers trains, Trans-alkylation and Aromatic Extraction units at Jamnagar. The announcement was made after market hours yesterday, 20 April 2017.

State Bank of India (SBI) said it has decided to serve notice of redemption to holders of $400 million Hybrid Tier 1 Notes issued pursuant to SBI, acting through its Nassau branchs $2000 million Medium Term Note programme for the redemption of the Notes on 15 May 2017. The announcement was made after market hours yesterday, 20 April 2017.

Tata Steels board at a meeting held yesterday, 20 April 2017, reviewed the performance, capital structure and financing plan of the company. Based on the review and pursuant to the existing shareholders approval, the board approved issue of debt securities of up to Rs 9000 crore in the form either of non-convertible debentures on private placement basis or foreign currency or rupee denominated bonds or a combination thereof in one or more tranches.

The funds will primarily be deployed towards re-financing the existing debt, capex/working capital requirements and general corporate purposes. The board of directors also authorized the finance committee of the board to determine and approve the timing and terms of such issue of securities. The announcement was made after market hours yesterday, 20 April 2017.

Indian Hotels Company announced that in terms of the authority granted by the board of directors at a meeting held on 18 May 2016, the company has allotted 2,000, rated, listed, unsecured, redeemable, non-cumulative & non- convertible debentures aggregating to Rs 200 crore on private placement basis. The announcement was made after market hours yesterday, 20 April 2017.

Fortune Financial Services (India) announced that a meeting of the board of directors of the company is scheduled to be held on 25 April 2017 to consider the approval for acquisition of equity shares of IRC Credit Management Services and INTL Risk Consultants Insurance Brokers by the company. The board will also consider the merger of Fortune Integrated Assets Finance with Fortune Financial Services(India) and any other business on that day. The announcement was made after market hours yesterday, 20 April 2017.

PVR announced that the employment of Vijay Kapoor who was employed as Chief Business Development Officer of the company has been terminated with effect from 20 April 2017 on disciplinary grounds. The announcement was made after market hours yesterday, 20 April 2017.

Housing Development & Infrastructure (HDIL) announced that it has launched a new project The Nest at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project. The announcement was made after market hours yesterday, 20 April 2017.

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Roto Pumps wins export excellence award
Apr 20,2017

Roto Pumps has been conferred an award for export excellence as Star Performer for 2013-14 in the products group pumps, compressors, hydraulics and pneumatic power engines and parts - Large Enterprises by EEPC India, Northern Region at its 46th export awards ceremony held on 19 April 2017 in New Delhi.

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Lumax Industries announces resignation of director
Apr 20,2017

Lumax Industries announced that Gursaran Singh, Independent Director of the Company has resigned from the Board of Directors w.e.f.19 April 2017.

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Vedanta provides operations update
Apr 20,2017

Vedanta announced that its 500kt plant-1 smelter at Jharsuguda had an unfortunate pot outage incident earlier this week. 228 pots out of the total 608 pots were damaged and taken out of production. The impacted pots will be required to be repaired over the next few months.

Vedanta also announced that a fire took place at the coal handling plant at 1980 MW Talwandi Sabo Power Plant (wholly owned subsidiary of the Company) in Punjab state earlier this week. This has resulted in a shut down of all three units of the power plant for around 60 days.

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Bajaj Finance allots NCDs aggregating Rs 544.70 crore
Apr 20,2017

Bajaj Finance has allotted 5447 secured redeemable non-convertible debentures aggregating Rs 544.70 crore on private placement basis on 20 April 2017.

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DRA Consultants announces resignation of CFO
Apr 20,2017

DRA Consultants announced that Kiran Selukar, Chief Financial Officer (CFO) of the Company has resigned from the said position effective from 20 April 2017.

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Karnataka Bank bags MSME Banking Excellence Awards - 2016
Apr 20,2017

Karnataka Bank has bagged MSME Banking Excellence Awards - 2016 instituted by Chamber of Indian Micro, Small and Medium Enterprises, under the category of CSR Initiatives and Business Responsibility Award - Runner Up (Emerging Category).

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Spice Mobility announces incorporation of step down foreign subsidiary in Dubai
Apr 20,2017

Spice Mobility announced that S Global Services, a foreign subsidiary of Spice Digital, a subsidiary of the Company, has incorporated Spice Digital FZCO, a 100% foreign subsidiary, in Dubai Airport Free Zone, for undertaking the business relating to Software Consultancy and IT related activities. Consequently, Spice Digital FZCO has also become a step down foreign subsidiary of the Company.

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Tera Software announces resignation of company secretary
Apr 20,2017

Tera Software announced the resignation of Pavan Pise as Company Secretary and Compliance Officer with effect from 20 April 2017.

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Bharat Petroleum Corporation announces change in directorate
Apr 20,2017

Bharat Petroleum Corporation announced that pursuant to the communication received from Ministry of Petroleum & Natural Gas, Govt. of India, the Board of Directors has appointed Paul Antony, Additional Chief Secretary (Industries & Power), Government of Kerala as Government Nominee Director on the Board of the Company in place of P. H. Kurian, effective 19 April 2017

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Shree Benzophen Industries appoints director
Apr 20,2017

Shree Benzophen Industries has appointed Shivam I. Sodha as an Additional Director in the Capacity of Executive Director for a term of 5 years which is subject to approval of shareholders as at ensuing Annual General Meeting.

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Indiabulls Housing Finance allots NCDs aggregating Rs 49.20 crore
Apr 20,2017

Indiabulls Housing Finance has allotted its nineteenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating to Rs.49.20 crore on 20 April 2017.

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Mishtann Foods fixes record date for consolidation of equity shares
Apr 20,2017

Mishtann Foods has fixed 01 May 2017 as record date for the purpose of Consolidation of Equity Share capital of the company

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Foreign Tourist Arrivals (FTAs) on e-Tourist Visa were 9.05 lakh during March 2017
Apr 20,2017

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

The following are the important highlights regarding FTAs & FTAs on e-Tourist Visa from tourism during the month of March, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in March, 2017 were 9.05 lakh as compared to FTAs of 8.17 lakh in March, 2016 and 7.29 lakh in March, 2015.

n++ The growth rate in FTAs in March, 2017 over March, 2016 is 10.7% compared to 12.1% in March, 2016 over March, 2015.

n++ FTAs during the period January- March 2017 were 28.45 lakh with a growth of 13.4%, as compared to the FTAs of 25.08 lakh with a growth of 10.0% in January- March 2015 over January- March 2014.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during March 2017 among the top 15 source countries was highest from Bangladesh (21.31%) followed by USA (10.39%), UK (10.30%), Russian Fed. (4.26%), Malaysia (3.41%), Canada (3.28%), Germany (3.03%), Sri Lanka (2.91%), China (2.83%), France (2.79%), Australia (2.54%), Japan(2.34%), Afghanistan (1.82%), Singapore (1.66%) and Iran (1.54%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during March 2017 among the top 15 ports was highest at Delhi Airport (31.25%) followed by Mumbai Airport (13.73%), Haridaspur Land check post (12.23%), Chennai Airport (6.60%), Goa Airport (5.25%), Bengaluru Airport (4.85%), Kolkata Airport (4.42%), Cochin Airport (2.42%), Gede Rail Land checkpost (2.33%), Hyderabad Airport (2.24%), Ghojadanga land checkpost (1.68%), Amritsar Airport (1.56%), Tiruchirapalli Airport (1.33%), Ahmadabad Airport (1.32%) and Trivandrum (1.28%).

Foreign Tourist Arrivals (FTAs) on e-Tourist Visa

n++ During the month of March, 2017 total of 1.46 lakh tourist arrived on e-Tourist Visa as compared to 1.16 lakh during the month of March 2016 registering a growth of 25.8%.

n++ During January- March 2017, a total of 4.67 lakh tourist arrived on e-Tourist Visa as compared to 3.21 lakh during January-March 2016, registering a growth of 45.6%.

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during March, 2017 were as follows:

UK (21.5%), USA (11.8%), Russian Fed (10.3%), France (6.4%), China (6.2%), Germany (4.8%), Canada (3.7%), Australia (3.7%), Korea (Rep.of) (2.2%), South Africa (1.9%), Malaysia (1.7%), Singapore (1.7%), Spain (1.6%), Netherlands (1.5%) and Japan (1.3%).

n++ The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during March, 2017 were as follows:

New Delhi Airport (46.5%), Mumbai Airport (17.1%), Dabolim (Goa) Airport (13.8%), Chennai Airport (5.5%), Bengaluru Airport (4.8%), Kochi Airport (2.9%), Kolkata Airport (2.3%), Amritsar Airport (1.8%),Hyderabad Airport (1.7%), Trivandrum Airport (1.2%), Ahmadabad Airport (1.0%), Tirchy Airport (0.6%), Jaipur Airport (0.6%),Gaya Airport (0.1%)and Luck now Airport(0.1%) .

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Board of IndusInd Bank recommends final dividend
Apr 20,2017

IndusInd Bank announced that the Board of Directors of the Company at its meeting held on 19 April 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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