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Ganesha Ecosphere to hold board meeting
Oct 27,2016

Ganesha Ecosphere will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve the Unaudited Financial Results (Provisional) of the Company for the quarter & half year ended September 30, 2016.

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Meenakshi Steel Industries to hold board meeting
Oct 27,2016

Meenakshi Steel Industries will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2016.

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Borax Morarji to hold board meeting
Oct 27,2016

Borax Morarji will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider, approve and take on record, the Unaudited Financial Results Reviewed by the Auditors for the quarter / half year ended September 30, 2016.

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Tamil Nadu Petro Products to hold board meeting
Oct 27,2016

Tamil Nadu Petro Products will hold a meeting of the Board of Directors of the Company on 7 November 2016 Tamilnadu Petroproducts Ltd has informed BSE that a Meeting of the Board of Directors of the Company is scheduled to be held on November 07, 2016, inter alia, to consider and approve, the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Winro Commercial (India) to hold board meeting
Oct 27,2016

Winro Commercial (India) will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the Unaudited Financial Results for the quarter and half year ended on September 30, 2016.

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PPAP Automotive fixes record date for interim dividend
Oct 27,2016

PPAP Automotive has fixed 11 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Gulshan Polyols fixes record date for interim dividend
Oct 27,2016

Gulshan Polyols has fixed 12 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Sterlite Technologies fixes record date for interim dividend
Oct 27,2016

Sterlite Technologies has fixed 11 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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Board of JSW Steel approves sub-division of shares and raising of funds
Oct 27,2016

JSW Steel announced that the Board of Directors of the Company at its meeting held on 27 October 2016,

1. Sub-division of equity shares of the Company.

The Board has approved the sub-division of each of the Equity Shares of the Company having a face value of Rs.10/- (Rupees Ten only) into 10 (Ten) Equity Shares having a face value of Re. 1/- (Rupee One only) each.

The sub-division of equity shares is subject to approval of shareholders, which will be sought by way of a postal ballot, and any other statutory and regulatory approvals. Accordingly, the record date for sub-division of the equity shares will be announced in due course.

2. Raising of Long Term Funds through Issuance of Redeemable Non-Convertible Debentures either by way of a Public Issue or by way of a Private Placement (NCD):

The Board has approved the raising of funds not exceeding Rs. 2,000 crore in the aggregate, through the issuance of Redeemable Non-Convertible Debentures either by way of a Public Issue or by way of a Private Placement and has authorised a sub-committee of Directors to decide on all matters relating to the proposed issuance of the Debentures including finalisation and approval of the detailed terms of issue.

The issue proceeds would be majorly used for refinancing of expensive debt, to meet long term working capital requirements, to meet requirements for Normal Capital Expenditure and for General Corporate purposes.

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Granules India fixes record date for 2nd interim dividend
Oct 27,2016

Granules India has fixed 05 November 2016 as the Record Date for the purpose of Payment of Second Interim Dividend.

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Cabinet approves one time relaxation in the cost norms and guidelines of MIDH
Oct 27,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for one time relaxation of Mission for Integrated Development of Horticulture (MIDH) cost norms for implementation of PMs Special package for Jammu & Kashmir towards restoration of damaged horticulture areas and development of horticulture in State. CCEA approved the following:

a. Import of planting material at the maximum rate of Rs.460 per plant for 329 hectares of new apple orchards and restoration of 3900 hectares of old damaged apple orchards. The rate of financial assistance shall be 90% i.e 90% shall be borne by the Government and 10% by the beneficiary farmer.

b. Import of 4 wire trellis system at the rate of Rs.9.8 lakh per ha for 329 ha of new apple orchards. The rate of financial assistance shall be 50% i.e. 50% shall be borne by the Government and 50% by the beneficiary farmer.

c. Applicability of MIDH cost norms for the interventions approved for implementation of PMs Package in J&K till financial year 2018-19.

d. Additional fund requirement of Rs. 111.89 crore, Rs. 171.66 crore, and 166.48 crore amounting to Rs. 450 crore in FY 2016-17, 2017-18 and 2018-19 respectively as 90% Government of India share in the overall package of Rs.500 crore.

PMs special package for J&K included Rs.500 crore towards restoration of damaged horticulture areas and development of horticulture in the State.

One time relaxation in MIDH cost norms was approved for import of special varieties of plants for better survival, early flowering and enhanced fruiting apple planting materials and four wire trellies system which may increase the productivity 3-4 times.

It will benefit about 21,000 orchardists located in more than 491 villages where horticulture areas of more than 5200 ha. was severely damaged by floods/landslides in September 2014.

CCEA approval would help in setting up of 329 ha of new apple orchards and restoration of 3900 ha of damaged orchards over a period of 3 years with overall financial implication of Rs. 500 crores with Rs. 450 crores as central share.

High and medium density apple plantation would generate round the year employment for 3300 and 18,000-20,000 people respectively. These initiatives will also result in employment in allied sectors such as grading/packing units. CA/Cold storage units and transportation sector etc. As the high density plantation involves technology and regular up keep of orchards, therefore, it will also result in wage enhancement n overall horticulture sector due to the increase in the farmers income as a result of the increase productivity.

It may be recalled that in 2014, the State had suffered due to the devastating floods of September, 2014. The infrastructure was destroyed due to floods. After the floods, the Prime Minister visited Kashmir on 23rd October, 2014 to spend time with those who were affected by floods and understand their problems and status of their relief and rehabilitation work. He met many delegations, from political parties, from trade representatives, from NGOs and citizens groups.

During his visit he talked about improving road connectivity and overall development of the State. He also announced to provide Rs.570 Cr. under Prime Ministers National Relief Fund (PMNRF) for providing assistance for construction of houses of the affected families. An amount of Rs. 565 Cr. has been already provided to 2.18 lakh affected families directly through their bank accounts.

The Government of India has been working on post flood long term reconstruction measures to improve the infrastructure in the State. The Government has been proposing to work towards development of key infrastructure in thrust sectors like Power, Health, Roads and Highways, Tourism, Textile, Food processing, HRD and Water resources etc.

Considering above, and the commitment for development of the State of J&K, the Honble PM on his visit to J&K State on 07.11.2015 announced Prime Ministers Development Package for the State of J&K with financial assistance of over Rs.80,000 Cr.

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AksharChem (India) to shut down plant at Mehsana
Oct 27,2016

AksharChem (India) announced that the plant of the Company at Village Indrad, Dist: Mehsana will remain shut down for 15 days from 29 October 2016 due to Diwali holidays as well as some breakdown maintenance. The shutdown is expected to last up to 12 November 2016.

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Apcotex Industries gets High Court approval for scheme of amalgamation
Oct 27,2016

Apcotex Industries announced that the Honble High Court of Judicature at Bombay (High Court) on 27 October 2016 has sanctioned the Scheme of Amalgamation of Apcotex Solutions India with Apcotex Industries (the Company) and their respective Shareholders.

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Ajanta Pharma to pay interim dividend
Oct 27,2016

Ajanta Pharma announced that interim dividend shall be paid to shareholders on or after 10 November 2016.

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FPIs step-up selling
Oct 27,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 1417.12 crore into the secondary equity markets yesterday, 26 October 2016, higher than their net sales of Rs 503.44 crore during the preceding trading session on Tuesday, 25 October 2016. The net outflow of Rs 1417.12 crore on 26 October 2016 was a result of gross purchases of Rs 3903.80 crore and gross sales of Rs 5320.92 crore. On that day, the Sensex dropped 254.91 points or 0.91% to settle at 27,836.51, its lowest closing level since 17 October 2016.

There was a net outflow of Rs 95.66 crore into the category primary markets & others on 26 October 2016, which was a result of gross purchases of Rs 0.99 crore and gross sales of Rs 96.65 crore.

FPIs have sold stocks worth a net Rs 4897.12 crore into the secondary equity markets in this month so far (till 26 October 2016). FPIs bought shares worth a net Rs 7217.88 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 41532.15 crore from the secondary equity markets in calendar year 2016 so far (till 26 October 2016). FPIs sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 1699.69 crore from FPIs into the category primary markets & others in this month so far (till 26 October 2016). There was a net inflow of Rs 3225.37 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 6563.40 crore in calendar year 2016 so far (till 26 October 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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