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Board of Shivalik Bimetal Controls to consider December quarter results and interim dividend
Jan 30,2017

Shivalik Bimetal Controls announced that a meeting of the Board of Directors of the Company is scheduled to be held on 08 February 2017, inter alia, for the following items:

1. To take on record the unaudited financial results for the quarter ended 31 December 2016;

2. To consider declaration of Interim Dividend for the financial year 2016-17, if any.

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Godrej Consumer Products to pay 3rd interim dividend
Jan 30,2017

Godrej Consumer Products announced that third interim dividend @ Re. 1/- per share (100% on the shares of the face value of Re. 1/- each) for the financial year 2016-17 will be paid on 21 February 2017.

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Cabinet approves exchanging of AAIs land 11.35 acres with equivalent land of Govt. of Bihar for expansion / development purpose
Jan 30,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to transfer 11.35 acres of land to Airports Authority of India (AAI) by way of exchanging equivalent land of AAI at Anisabad. The proposed land at Patna Airport will be used for expansion of the airport and construction of new terminal building along-with other associated infrastructures. The State Government has also agreed in principle for transfer of the land.

The new terminal building will be having a capacity of 3 million passengers per annum which will not only enhance the airport capacity but also provide convenience to general public.

Background:

The existing terminal building at Patna Airport was built for a capacity of 0.5 million passengers per annum, against which 1.5 million passengers per annum are already using the airport. This has led to extreme crowding in the terminal building.

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Tasty Bite Eatables tempt buyers after posting strong Q3 results
Jan 30,2017

The result was announced during market hours today, 30 January 2017.

Meanwhile, the BSE Sensex was down 7.98 points, or 0.02%, to 27,874.48.

On the BSE, 2,001 shares were traded in the counter so far, compared with average daily volume of 1,234 shares in the past one quarter. The stock had hit a high of Rs 4,075 and a low of Rs 3,758.65 so far during the day. The stock had hit a record high of Rs 4,849 on 1 November 2016. The stock had hit a 52-week low of Rs 1,270 on 12 February 2016.

It had outperformed the market over the past one month till 27 January 2017, gaining 15.5% compared with the Sensexs 6.37% rise. The scrip had, however, underperformed the market over the past one quarter declining 18.01% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 2.57 crore. Face value per share is Rs 10.

Tasty Bite Eatables is engaged in the business of manufacturing and selling prepared foods.

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IFB Agro slides as Q3 bottom line growth boosted by other income
Jan 30,2017

Meanwhile, the S&P BSE Sensex was down 29.36 points or 0.11% at 27,853.10.

On the BSE, 6,807 shares were traded on the counter so far as against the average daily volumes of 2,060 shares in the past one quarter. The stock had hit a high of Rs 455 and a low of Rs 420 so far during the day.

The stock had hit a 52-week high of Rs 485 on 3 November 2016 and a 52-week low of Rs 327.20 on 22 November 2016. The stock had outperformed the market over the past one month till 27 January 2017, advancing 21.41% compared with the Sensexs 6.37% rise. The scrip had also outperformed the market over the past one quarter, gaining 0.87% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 9.37 crore. Face value per share is Rs 10.

IFB Agro Industries net profit rose 15.8% to Rs 9.43 crore on 31.6% growth in net sales to Rs 191.12 crore in Q3 December 2016 over Q3 December 2015. The bottom line growth was mainly due to surge in non-operating income/other income which had seen a jump of 126.6% to Rs 2.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 28 January 2017.

IFB Agro Industries is engaged in the business of manufacturing alcohol, bottling of branded alcoholic beverages as well as processed and packed marine foods both for domestic & export markets.

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Cabinet approves Short term market borrowing by NABARD for on lending to Cooperative Banks
Jan 30,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its post-facto approval for the following decisions:

i. National Bank for Agriculture & Rural Development (NABARD) will make short term borrowings at prevailing market rate of interest for approx. Rs.20,000 crore for on-lending to Cooperative Banks at 4.5% rate of interest.

ii. Additional capital of Rs.2,000 crore to be provided to NABARD for this purpose through the Union Budget. To start with, additional capital of Rs.500 crore may be released to NABARD during 2016-17 itself.

iii. Interest Subvention of about 1.8% and NABARDs administrative cost of 0.2% to be provided as per the scheme of Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW). The extent of interest subvention may vary depending on the rate at which NABARD raises funds.

iv. NABARD will coordinate the conversion of operative/live KCCs into RuPay/ATM-enabled Kisan Credit Cards (KCCs) by Cooperative Banks and Regional Rural Banks (RRBs) in a mission mode.

In the light of good monsoon and expectation of increased credit demand and in order to boost agricultural production, the farmers need to be supported through Cooperative Banks, which purvey credit at their doorstep, to enable them to scale up their agricultural operation.

The approval will ensure increased availability of short term crop loans to farmers through Cooperative banks at reduced rate of interest. The conversion of operative/live KCCs into RuPay/ATM-enabled KCCs will enable easy and hassle free availability of credit and in keeping with the spirit of Digital India, will facilitate digital and cashless transactions by farmers.

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Board of Godrej Consumer Products declares 3rd interim dividend
Jan 30,2017

Godrej Consumer Products announced that at the meeting of the Board of Directors of the Company held on 30 January 2017, inter alia, the Board has:

- Declared a third interim dividend @ Re. 1/- per share (100% on the shares of the face value of Re. 1/- each) for the financial year 2016-17.

The said interim dividend will be paid on 21 February 2017.

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Shri Bajrang Alloys to consider December quarter results
Jan 30,2017

Shri Bajrang Alloys announced that a Meeting of Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider and approve the Un-Audited Financial results of the Company for the quarter ended on 31 December 2016.

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Pearl Global Industries to announce Q3 and 9M results
Jan 30,2017

Pearl Global Industries announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 14 February 2017, inter alia, to consider, approve and take on record, Un-audited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31 December 2016.

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JPT Securities to consider Q3 and 9M results
Jan 30,2017

JPT Securities announced that a Meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia, to consider and approve the Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

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List of Agreements/MOUs exchanged during the State visit of Crown Prince of Abu Dhabi to India
Jan 30,2017

 S. No.Name of Agreement/MoUDetails1.

Agreement on Comprehensive Strategic Partnership between the Republic of India and the UAE

This is a general framework agreement which highlights the areas of bilateral cooperation identified under the comprehensive strategic partnership as agreed upon in the high level joint statements issued in the August 2015 and February 2016.

2..

MoU between the Ministry of Defence of the Government of the Republic of India and the Ministry of Defence of the Government of UAE on cooperation in the field of Defence Industry

This MoU aims to establish cooperation in the identified fields of defence manufacturing and technology, including through studies, research, development, innovation and cooperation between public and private sector institutions of the two countries. The two sides will cooperate in areas of armaments, defence industries and transfer of technology.

3.

MoU between the Government of the Republic of India and the Government of the UAE on Institutional Cooperation on Maritime Transport

This MoU provides a framework for enhancing bilateral maritime trade ties through facilitating maritime transport, free transfer of monies between contracting parties and reciprocal recognition of ships documents.

4.

MOU between the Directorate General of Shipping, Republic of India and the Federal Transport Authority- Land and Maritime in the UAE on Mutual Recognition of Certificates of Competency as per the provisions of the Standards of Training, Certification and Watch-keeping Convention (STCW78) and amendments thereof

This MoU aims to deepen the maritime economic activities in general by establishing a framework for Mutual Recognition of Certificates of Competency of marine officers, engineers and crews.

5.

MoU between the Ministry of Road Transport and Highways of the Republic of India and the Federal Transport Authority, Land and Maritime of the UAE on Bilateral Cooperation in the Road Transport and Highways Sector

This MoU aims to establish cooperation in the sectors of Highways and Road transport through sharing of technologies, systems and best practices in freight logistics, warehousing and value added services.

6.

MOU between the Government of the Republic of India and the Government of UAE on cooperation in prevention and combating of human trafficking

This MoU aims to enhance bilateral cooperation on the issue of prevention, rescue, recovery and repatriation related to human trafficking, especially of women and children expeditiously.

7.

MoU for the cooperation in the field of Small and Medium Enterprises (SMEs) and innovation between the Ministry of Economy of United Arab Emirates and Ministry of Micro, Small and Medium Enterprises (MoSMSME) of the Republic of India

This MoU aims at promoting cooperation in MSMEs Sectors, including in joint projects, R & D and related activities.

8.

MoU between the Ministry of Agriculture and Farmers Welfare of the Republic of India and the Ministry of Climate Change & Environment of UAE in agriculture and Allied sectors

This MoU aims to develop a framework for cooperation in various agricultural fields of mutual interest, including through enhancement of cooperation in food processing and transfer of technology in cultivation methods.

9.

MOU between the Government of the Republic of India and the Government of UAE on mutual exemption of entry visa requirements to the holders of Diplomatic, special and Official Passports

The agreement allows holders of diplomatic, special and official passports visa free travel between the two countries.

10.

MoU between Prasar Bharati, India and Emirates News Agency (WAM), UAE for cooperation in programme exchange

This MoU aims to strengthen ties between Prasar Bharati and Emirates News Agency (WAM), UAE through cooperation in the field of broadcasting, mutual exchange of programmes, news and best practices.

11.

MoU between the Ministry of Commerce and Industry of the Republic of India and the Ministry of Economy of United Arab Emirates on trade remedial measures to promote cooperation in areas of mutual interest

This MoU aims to enhance cooperation in the field of anti-dumping and allied duties through exchange of information, capacity-building, seminars and trainings in mutually indentified areas related to trade remedial measures.

12.

Agreement on Oil Storage And Management
between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company

This agreement aims to establish a framework for the storage of crude oil by Abu Dhabi National Oil Company in India and to further strengthen the strategic relationship between the two countries in the field of energy.

13.

MOU between National Productivity Council and Al Etihad Energy Services Co. LLC

This MOU is on Cooperation in Energy Efficiency Services.

14.

MOU between National Security Council Secretariat of India & National Electronic Security Authority of the UAE

This MoU is on technology development and cooperation in cyberspace.

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REC signs 3 MoUs for extending financial assistance of Rs 60,000 cr to power utilities in Andhra Pradesh
Jan 30,2017

Rural Electrification Corporation has signed three Memorandum of Understandings for extending financial assistance to the tune of Rs 60,000 crore for next 5 years (up to March 2022) to Andhra Pradesh Power Generation Corporation (financial assistance upto Rs 40,000 crore); Transmission Corporation of Andhra Pradesh (financial assistance upto Rs 10,000 crore); and AP DISCOMs (financial assistance upto Rs 10,000 crore).

Apart from financial assistance, power utilities have agreed for availing consultancy and management services from wholly owned subsidiaries of REC i.e. REC Power Distribution Company and REC Transmission Projects Company for their various activities and projects for next 5 years.

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Board of Rubra Medicaments to consider December quarter results
Jan 30,2017

Rubra Medicaments announced that a Board Meeting of the Directors of the Company is scheduled to be held on 08 February 2017, to discuss and approve the unaudited Financial Result for the quarter ended on 31 December 2016.

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Maithan Alloys to consider Q3 and 9M results
Jan 30,2017

Maithan Alloys announced that a meeting of the Board of Directors of the Company will be held on 10 February 2017, inter alia, to consider and approve the Standalone Un-Audited Financial Results for the quarter and nine months ended 31 December 2016.

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Board of Pressure Sensitive Systems (India) to consider December quarter and year end results
Jan 30,2017

Pressure Sensitive Systems (India) announced that the meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to consider the unaudited financial results of the company for quarter and year ending 31 December 2016.

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