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Rishi Laser to hold board meeting
May 26,2017

Rishi Laser will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Riddhi Siddhi Gluco Biols to hold board meeting
May 26,2017

Riddhi Siddhi Gluco Biols will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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ABC Gas (Intl.) to hold board meeting
May 26,2017

ABC Gas (Intl.) will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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AF Enterprises to hold board meeting
May 26,2017

AF Enterprises will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Mahashree Trading to hold board meeting
May 26,2017

Mahashree Trading will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Ras Finance to hold board meeting
May 26,2017

Ras Finance will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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RSC International to hold board meeting
May 26,2017

RSC International will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Royale Manor Hotels & Industries to hold board meeting
May 26,2017

Royale Manor Hotels & Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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SRG Securities Finance to hold board meeting
May 26,2017

SRG Securities Finance will hold a meeting of the Board of Directors of the Company on 27 May 2017.

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Cipla drops after posting disappointing Q4 results
May 26,2017

The result was announced after market hours yesterday, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 107.49 points, or 0.35%, to 30,857.52.

The stock has dropped 13.84% in five sessions to ruling price of Rs 485.45 from a close of Rs 563.45 on 19 May 2017.

On the BSE, 2.93 lakh shares were traded in the counter so far, compared with average daily volumes of 2.16 lakh shares in the past one quarter. The stock had hit a high of Rs 504.15 and a low of Rs 479 so far during the day.

The stock had hit a 52-week high of Rs 621.90 on 6 February 2017. The stock had hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had underperformed the market over the past one month till 25 May 2017, dropping 8.82% compared with 2.69% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 14.79% as against Sensexs 6.43% rise.

The large-cap pharmaceutical company has equity capital of Rs 160.91 crore. Face value per share is Rs 2.

Ciplas revenues rose 8% to Rs 3582 crore in Q4 March 2017 over Q4 March 2016.

Ciplas board of directors recommended dividend of Rs 2 per share for the year ended 31 March 2017 (FY 2017).

Commenting on the results, Umang Vohra, MD and Global CEO, Cipla said, the company has achieved significant progress on identified key priorities and strengthened core business through consolidation, complexity reduction and deepening presence in priority markets. The quarterly results are off the mark due to a tough operating environment and certain one-offs, he added.

The results for Q4 March 2017 include one-off charges related to impairment of a part of intangibles from US acquisition and a provision for loss on certain assets of subsidiary, Cipla BioTec Pvt. Ltd.

Cipla is a global pharmaceutical company.

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L&T Hydrocarbon Engineering signs agreement with Institute of Chemical Technology
May 26,2017

L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro has signed Memorandum of Agreement with Institute of Chemical Technology (ICT) to build Ethanol plants based on the fully indigenous technology developed by ICT for producing second generation Ethanol. This novel technology developed by ICT under the leadership Dr. Arvind Lali, Head of DBT-ICT Centre, is capable of processing a variety of feedstocks and offers one of the lowest project life cycle cost.

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Shri Bhagavati Bright Bars announces resignation of CFO
May 26,2017

Shri Bhagavati Bright Bars announced that Vipul Pathak, Chief Financial Officer of the Company has tendered his resignation from the post of Chief Financial Officer of the Company with effect from the close of business hours on 30 May 2017. Accordingly, Vipul Pathak will be ceased to be Chief Financial Officer along with Key Managerial Personnel of the Company with effect from the close of business hours on 30 May 2017.

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Va Tech Wabag allots 4666 equity shares
May 26,2017

Va Tech Wabag allots 4666 equity shares under ESOP.

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Va Tech Wabag fixes record date for dividend
May 26,2017

Va Tech Wabag has fixed 14 July 2017 as record date for payment of dividend. The payment will be credited between 28 July to 3 August, if declared at the AGM to be held on 27 July 2017.

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Board of Va Tech Wabag approves fund raising up to Rs 400 crore
May 26,2017

Va Tech Wabag announced that the Board of Directors of the Company at its meeting held on 25 May 2017 have approved the proposal of fund raising up to an amount of Rs 400 crore as and when required through issuance of securities by way of public/ preferential allotment / private placement including QIP, in consideration of growth plans, newer business opportunities which would fuel the next phase of growth of the Company.

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