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Orient Green Power Company reports consolidated net profit of Rs 82.88 crore in the September 2016 quarter
Nov 24,2016

Net profit of Orient Green Power Company reported to Rs 82.88 crore in the quarter ended September 2016 as against net loss of Rs 21.32 crore during the previous quarter ended September 2015. Sales rose 11.62% to Rs 154.81 crore in the quarter ended September 2016 as against Rs 138.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales154.81138.69 12 OPM %90.2584.22 - PBDT80.1650.13 60 PBT38.486.39 502 NP82.88-21.32 LP

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Use of Alternate Material for Construction of National Highway
Nov 24,2016

The Ministry of Road Transport and highways encourages the use of alternative materials like waste plastic, rubber/polymer modified bitumen for National Highways construction, Municipal Solid Waste (MSW), fly ash and blast furnace slag etc. It is default mode to use waste plastic modified bitumen in periodical renewals on National Highways within 50 km periphery of urban areas having population more than five lakhs. Polymer/rubber modified bitumen is used for surfacing on National Highways subject to its availability and performance.

Solid waste is planned to be used on Delhi-Meerut Expressway after due processing and necessary clearances. Preliminary study was carried by the National Highways Authority of India (NHAI) through Central Road Research Institute (CRRI) at Ghazipur Dump Yard, East Delhi. The report submitted by CRRI found that suitable material from MSW can be processed for its use in construction of embankment..

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Rupee sags to touch record low
Nov 24,2016

Rupee closed lower at 68.7179/7330 per dollar on Thursday (24 November 2016), versus its previous close of 68.56/57 per dollar.

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CSIR Laboratories Instructed to Avoid Filing of Patents Without Appropriate Techno-Commercial Evaluation
Nov 24,2016

Council of Scientific and Industrial Research (CSIR) has sent out a message to all its laboratories to avoid filing of patents without appropriate techno-commercial evaluation.

In order to align the IP strategy of CSIR with the priorities of socio-economic development including escalating costs of patent filings, this message was sent to exercise utmost due diligence in filing of patents.

CSIR has taken following steps to put in place an appropriate system:

(i) Establishment of IP Directorate at CSIR to analyze IP (Intellectual Property) life cycle from generation to exploitation.

(ii) Preparation of standard operating procedures (SOP) and guidelines for evaluation of inventions in alignment with National IPR Policy.

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Housing Development Finance Corporation allots equity shares
Nov 24,2016

Housing Development Finance Corporation on 24th November 2016 has allotted 1,60,820 equity shares of Rs. 2 each, pursuant to exercise of stock options by certain employees / directors.

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Prism Cement to hold board meeting
Nov 24,2016

The board meeting of Prism Cement will be held on 30 November 2016, to consider raising of funds through issue of Secured, Non-convertible Debentures on private placement basis.

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Sai Capital to hold board meeting
Nov 24,2016

The board meeting of Sai Capital will be held on 25 November 2016, to consider & approve change in Registered Office of the Company & issue of reminder to Share-Holders holding Partly-Paid Shares to deposit pending Allotment money.

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Khemani Distributors & Marketing to hold board meeting
Nov 24,2016

Khemani Distributors & Marketing has announced that the board meeting of the company will be held on 06 December 2016, to consider and approve sub-division of 1 (one) equity shares of face value of Rs. 10/- each into 2 (two) equity shares of face value of Rs. 5/- each, and to approve consequent amendment of Memorandum of Association of the Company.

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Ashoka Buildcon to hold board meeting
Nov 24,2016

Ashoka Buildcon will hold a board meeting on 02nd December 2016 to consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Requisite Technology Developed for Rice Fortification with Iron for addressing incidence of Anaemia
Nov 24,2016

The Department of Biotechnology (DBT) through R&D support to IIT, Kharagpur has developed the requisite technology on the fortification with Iron for addressing the incidence of anaemia. This involves production of Iron fortified rice premix through extrusion process using broken rice kernels. This iron fortified rice kernel premix matches with the normal rice kernel in shape and size, and when mixed with normal rice in the ratio of 1:100 provides 50% of recommended daily allowance (RDA) of Iron. This technology can also be used to fortify rice with other micro nutrients, as well. The incremental cost of fortification has been estimated by IIT-Kharagpur to be upto 80 paise per kg of rice.

The steps taken by Government to take forward the rice fortification model to all parts of the country to deal with nutritional deficiency among the women and children is as follows:

A Pilot Scale Unit with a capacity of 100 kg/hr/shift has been commissioned at IIT-Kharagpur. The technology is ready for demonstration and transfer to prospective entrepreneurs. The same can be commercialized. However, for introduction in the Govt programmes such as Mid-day Meal Scheme and ICDS to address micro nutrient deficiencies in children, DBT would be willing to set up pilot scale production unit in States who would be interested. Accordingly, an MoU could be executed between DBT and the respective State Government Departments. This technology was also deliberated in the n++National Summit on Fortification of Foodn++ which was an Inter Ministerial meeting convened by FSSAI on 16th and 17th October, 2016, which was attended by State and Central Government officials, Industry representatives and academia. Further, DBTs proposal on the above issue has also been shortlisted in the Inter State Council Secretariat for the Eastern Zonal States - Bihar, Jharkhand, Odisha, West Bengal under their social outreach programme.

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Wipro grants Restricted Stock Units
Nov 24,2016

Wipro with effect from 01st November 2016 has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007.

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Wipro completes acquisition of Appirio
Nov 24,2016

Wipro has announced that it had completed the acquisition of Appirio on 23 November 2016.

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Talwalkars Better Value Fitness approves Scheme of Arrangement
Nov 24,2016

The board of Talwalkars Better Value Fitness on 24th November 2016 has approved the Scheme of Arrangement between Talwalkars Better Value Fitness and Talwalkers Lifestyles Limited and their respective shareholders providing for the demerger of the Gym business of TBVFL to TLL.

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Krishna Ventures company secretary resigns
Nov 24,2016

Krishna Ventures has announced that Ms. Krishna Parekh the Company Secretary and Compliance Officer of the Company has resigned from her position on 23rd November 2016.

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Board of Sword-Edge Commercials consider change in registered office
Nov 24,2016

Sword-Edge Commercials announced that the Board of Directors of the Company at its meeting held on 24 November 2016 has considered change in registered office to Plot No. 71, MIDC, Cross Road C, Opposite Seepz Gate No.2, Andheri East, Mumbai - 400093 with immediate effect.

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