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Hexaware Technologies expands its BPS Services delivery capabilities
Dec 05,2016

Hexaware Technologies announced the expansion of its BPS Services with a second delivery center in Chennai. The addition of this center in its global delivery network will further strengthen the Companys delivery capabilities in providing accelerated business solutions for clients across industries and various geographies.

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Supreme Infra declines after reporting net loss in Q2
Dec 05,2016

The result was announced on Saturday, 3 December 2016.

Meanwhile, the S&P BSE Sensex was down 49.72 points or 0.19% at 26,180.94.

On the BSE, 8,093 shares were traded on the counter so far as against the average daily volumes of 14,576 shares in the past one quarter. The stock had hit a high of Rs 70.65 and a low of Rs 69.15 so far during the day.

The stock had hit a 52-week high of Rs 164.70 on 4 December 2015 and a 52-week low of Rs 66.50 on 29 February 2016. It had underperformed the market over the past one month till 2 December 2016, sliding 16.78% compared with the Sensexs 4.71% fall. The scrip had also underperformed the market in the past one quarter, declining 27.35% as against the Sensexs 8.07% fall.

The small-cap company has equity capital of Rs 25.70 crore. Face value per share is Rs 10.

The companys net sales fell 41.8% to Rs 194.04 crore in Q2 September 2016 over Q2 September 2015.

Supreme Infrastructure India is engaged in construction and development of roads, highways, buildings and bridges.

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Jain Irrigation Systems gets upgradation in LT Issuer Rating
Dec 05,2016

Jain Irrigation Systems announced that India Ratings and Research has upgraded the Long Term Issuer Rating to IND BBB from IND BBB-. The Outlook is Positive.

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Board of Nestle India declares 3rd interim dividend
Dec 05,2016

Nestle India announced that the Board of Directors of the Company at its meeting held on 05 December 2016, has declared third interim dividend of Rs.16/- (Rupees sixteen only) per equity share for the year 2016 on the entire issued, subscribed and paid up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each.

The third interim dividend for 2016 will be paid on and from 22 December 2016 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of 13 December 2016.

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State Bank of Travancore announces change in nominee director
Dec 05,2016

State Bank of Travancore announced that Sandeep Bhatnagar, Deputy General Manager (OSD), A&S Department, State Bank of India has been nominated as the Director of the Bank in place of Ravi Nandan Sahay with effect from 21 November 2016.

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Pokarna gets revision in credit ratings
Dec 05,2016

Pokarna announced revision in credit ratings from CRISIL as follows -

Long term rating - CRISIL BB+/ Stable (Upgraded from CRISIL BB-/ Stable)

Short term rating - CRISIL A4+ (Reaffirmed)

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Simplex Infrastructures drops after reporting dismal Q2 numbers
Dec 05,2016

The result was announced on Sunday, 4 December 2016.

Meanwhile, the S&P BSE Sensex was down 14.79 points or 0.06% at 26,215.87.

On the BSE, 549 shares were traded so far in the counter as against average daily volume of 12,596 shares in the past one quarter. The stock had hit a high of Rs 306 and a low of Rs 290 so far during the day. The stock had hit a 52-week high of Rs 362 on 7 September 2016. The stock had hit a 52-week low of Rs 188 on 29 February 2016.

The stock had underperformed the market over the past one month till 2 December 2016, falling 6.31% compared with Sensexs 4.71% fall. The scrip had, however, outperformed the market in past one quarter, declining 7.48% as against Sensexs 8.07% drop.

The small-cap company has equity capital of Rs 9.89 crore. Face value per share is Rs 2.

Simplex Infrastructures order book as on 30 September 2016 stood at Rs 13485 crore excluding the successful bidder (L1) orders of Rs 2543 crore. The new order intake during Q2 September 2016 was Rs 978 crore.

Simplex Infrastructures is the largest pure play civil construction & engineering contractors in India.

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Zydus Cadila settles DELZICOL (Mesalamine) patent litigation
Dec 05,2016

Zydus Cadila announced that the patent litigation relating to Allergens DELZICOL (Mesalamine) has been settled. As a results of the settlement, and if approved by FDA, its subsidiary, Zydus Pharmaceuticals (USA) Inc. will be able to market its generic version of DELZICOL in the United States beginning on 01 March 2017 or earlier under certain circumstances.

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COSYN secures order worth Rs 34.44 crore
Dec 05,2016

COSYN has bagged an Order from West Bengal State Electricity Distribution Company, Kolkata, of value Rs.34.44 crore, the duration of the project being three years.

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Adani Enterprises appoints director
Dec 05,2016

Adani Enterprises announced that the Board of Directors of the Company vide circular resolution dated 02 December 2016 has appointed Vijaylaxmi Joshi as an Additional Director (Non-Executive, Independent) of the Company to hold office upto the date of the ensuing annual general meeting.

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IL&FS Engineering & Construction Co emerges Lowest Bidder for two contracts valued at Rs 677.8 cr
Dec 05,2016

IL&FS Engineering & Construction Co has emerged as the Lowest Bidder for two Rural Engineering Works and additional two Integrated Power Development Works of West Bengal State Electricity Distribution Company, Kolkata worth Rs 677.8 crore.

Deen Dayal Upadhyay Gram Jyoti Yojana - RE Contracts are being funded by Rural Electrification Corporation and IPDS Contracts are being funded by Power Financial Corporation.

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Shree Ganesh Jewellery House (I) announces resignation of company secretary
Dec 05,2016

Shree Ganesh Jewellery House (I) announced that Anumita Mishra, Company Secretary and Compliance Officer of the Company has resigned from her post for personal reasons with effect from 30 November 2016.

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Shree Ganesh Jewellery House (I) provides update on resignation of director
Dec 05,2016

Shree Ganesh Jewellery House (I) announced that Sandeep Khajnachi, Chairman and Whole Time Director on the Board of the Company has placed his resignation letter dated 25 November 2016 to resign from the post of Chairman and Whole Time Director of the Company for personal reasons but the Board accepted his resignation w.e.f. close of business hours of 30 November 2016 and not 25 November 2016 as informed earlier.

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Bajaj Finance allots NCDs aggegating Rs 105 crore
Dec 05,2016

Bajaj Finance announced that the Debenture Allotment Committee of the Company, at its meeting held on 02 December 2016 has allotted 1050 Unsecured Subordinated Tier II Redeemable Non-Convertible Debentures aggregating Rs 105 crore on private placement basis.

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NMDC gains as CCEA to consider disinvestment of its steel plant
Dec 05,2016

The announcement was made after market hours on Friday, 2 December 2016.

Meanwhile, the BSE Sensex was up 12.55 points, or 0.05%, to 26,243.21.

On the BSE, 59,063 shares were traded so far in the counter, compared with average daily volume of 5.67 lakh shares in the past one quarter. The stock had hit a high of Rs 120 and a low of Rs 118.35 so far during the day.

NMDC announced that Government of India, Ministry of Steel has communicated the in-principle decision of the Cabinet Committee on Economic Affairs (CCEA) of Government of India to consider strategic disinvestment of the Nagarnar Steel Plant of the company.

Separately, NMDC announced on Saturday, 3 December 2016, that the prices of lump iron ore with effect from 29 November 2016, was kept unchanged at Rs 2,100 per wet metric tonne (WMT) compared to prices last revised in early November. The company rose fine ore prices by 5.68% to Rs 1,860 per WMT from 29 November 2016, compared to prices last revised in early November.

NMDC is Indias largest public sector iron ore producer. As per the shareholding pattern, Government of India (GoI) holds 74.94% stake in NMDC as on 14 October 2016.

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