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Alembic Pharmaceuticals intimates of successful inspection of its Baroda facility
Apr 17,2017

Alembic Pharmaceuticals announced that the Companys Bioequivalence facility located at Baroda was inspected by US Food & Drug Administration (FDA) between 6 March 2017 & 10 March 2017, between 13 March 2017 & 17 March 2017 and between 10 April 2017 to 12 April 2017 for a) Bioequivalence Clinical b) Bioequivalence Bioanalytical c) Pharmacovigilance There were no 483s issued by US FDA at the end of the inspection.

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Suyog Telematics provides business update
Apr 17,2017

Suyog Telematics has received a certificate indicating that Company operates an Integrated Management System which complies with the requirements of ISO 14001:2015 & OHSAS 18001: 2007. The scope of the certification would be installing and commissioning of poles, towers and optical fibre cable systems for telecommunications industries. The expiry date for this certificate will be 13 April 2020.

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Reliance Defence to partner with South Korean defence major LIG Nex1
Apr 17,2017

Reliance Infrastructure promoted Reliance Defence has entered into a strategic partnership agreement with South Korean defence major LIG Nex1.

As part of this partnership, two companies will explore opportunities in the identified range of defence products required by the Indian Armed Forces. LIG Nex1 are emerging leaders in smart heavy weapons in category of Anti-ship Missiles, Anti Tank Guided Missiles (ATGM), andGuided Rockets.

Currently, there are multiple programs for the Indian Armed Forces that the two companies plan to address together. This will potentially include improvements to the existing weapon systems which are part of LIG Nex1 portfolio to meet the specific requirements of the Indian Armed Forces. Cumulative value of Programs being targeted will exceed multi billion.

Two companies have also identified Air Defence & Surveillance Radar that can be manufactured in India, as potential area of co-operation.

Two companies will also work on performance enhancement for various systems / platforms in the portfolio of LIG Nex1, to meet the specific requirements of the Indian Armed Forces.

India and South Korea relations were upgraded to Special Strategic partnership during the visit of Prime Minister Narendra Modi to Seoul.

Skills developed and the experience gained through this collaboration will further add to Reliance Groups capabilities and establish lead position in the Indian Market.

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ALTBalalji partners with Airtel Payments Bank
Apr 17,2017

ALTBalalji, the digital platform from Balaji Telefilms has joined hands with Airtel Payments Bank to provide wallet service via Airtel Money to enable easy and hassel free subscription transactions for its customers.

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Punj Lloyd secures EPC contract worth Rs 312 crore
Apr 17,2017

Punj Lloyd announced that Dayim Punj Lloyd Construction Contracting Company (DPLL), a subsidiary of the Company has been awarded an EPC contract - Clean Fuels Interfacing Facilities Project on LSTK basis in Yanbu, Saudi Arabia worth Rs 312 crore by the Yanbu Aramco Sinopec Refining Company (YASREF) in Saudi Arabia.

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Intellect Design Arena to partner with Central Bank of Armenia
Apr 17,2017

Intellect Design Arena announced that the Central Bank of Armenia, the primary financial institution in the Repulic of Armenia, has selected Intellect Quantum Central Banking System for its Digital Transformation.

Intellect will work with its strategic partner for the region, Intracom Armenia, for implementation of this project. The Intellect Quantum Central Banking System will be deployed along with complete currency life cycle management and comprehensive treasury management solution.

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Andhra Bank reviews MCLR rates
Apr 17,2017

Andhra Bank has reviewed the MCLR rates effective 15 April 2017 as under -

Overnight - 8.45%
One month - 8.50%
Three month - 8.55%
Six month - 8.60%
One year - 8.65%

Base rate and BMPLR are as follows -
Base Rate - 9.70%
BMPLR - 13.95%

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Western India Shipyard allots shares and warrants to Bermaco Energy
Apr 17,2017

Western India Shipyard announced that the Share Allotment Committee approved the allotment of 9,25,00,000 equity shares of the Company to Bermaco Energy at face value of Rs. 2 (at par) each fully paid-up, for which the Company has received an amount of Rs.18.50 crore.

The Share Allotment Committee also approved the allotment of 3,25,00,000 warrants of the Company to Bermaco Energy at face value of Rs.2 (at par) each, aggregating to Rs.6.50 crore, convertible into equivalent number of equity shares within a period of 18 months, for which the Company has received an amount of Rs.1.62 crore, being 25% of the aggregate consideration towards the warrants. The shares issued and the shares arising on conversion of the warrants are subject to lock in of one year from the date of allotment of the shares. dated 31 March 2017 received from BSE.

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Board of Indiabulls Real Estate considers proposal for restructuring of business
Apr 17,2017

Indiabulls Real Estate announced that the Companys Board in its meeting on 17 April 2017 considered the possibility of streamlining its existing residential, commercial and leasing businesses by segregating commercial & leasing business carried on by itself and/or through its SPVs and vesting the same into Indiabulls Commercial Assets (ICAL) and restructuring/reorganizing its businesses by either (i) restructuring by way of placing ICAL as a separate holding co under the Company to hold its assets and investments relating to commercial & leasing business segment and to undertake the business & operations of commercial & leasing business segment and/or explore opportunities to bring in strategic investments; or (ii) by reorganizing its existing businesses by way of a demerger of the undertakings, business, activities & operations pertaining to its commercial & leasing business segments.

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Godrej Properties partners with Taj for luxury hotel in Vikhroli
Apr 17,2017

Godrej Properties has partnered with Taj Hotels Palaces Resorts Safaris to develop a world class Taj brand hotel at its flagship project, The Trees, in Vikhroli, Mumbai. The Taj at The Trees will offer approximately 150 guest rooms and suites along with world class dining, entertainment and conferencing facilities.

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Shares of Escorp Asset Management get listed
Apr 17,2017

The equity shares of Escorp Asset Management (Scrip Code: 540455) are listed effective 17 April 2017 and admitted to dealings on the Exchange in the list of M Group Securities

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Larsen & Toubro secures orders worth Rs 2694 crore
Apr 17,2017

The construction arm of Larsen & Toubro has secured orders worth Rs 2694 crore across various business segments.

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Indiabulls Housing Finance allots 1,02,740 equity shares
Apr 15,2017

Indiabulls Housing Finance has issued and allotted 1,02,740 (One Lakh Two Thousand Seven Hundred Forty only) Equity shares of face value INR 2/- each, to eligible employees upon exercise of options vested in their favour under different ESOP Schemes of the Company. Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs 84,79,17,560 divided into 42,39,58,780 Equity Shares of face value Rs 2/- each.

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Electrotherm (India) announces resignation of director
Apr 15,2017

Electrotherm (India) announced that Ram Singh, Independent & Non-Executive Director has resigned from the post of Directors with effect from 14 April 2017.

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Dr Reddys Laboratories announces successful USFDA inspection of its API Srikakulam Plant
Apr 15,2017

Dr Reddys Laboratories announced that the USFDA has completed the audit of the Companys API Srikakulam Plant (SEZ), Andhra Pradesh with no observations.

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