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United Spirits gets ratings assigned for commercial paper and LT debt programme
Mar 07,2017

United Spirits announced that ICRA has assigned the short term rating of ICRA A1+ for the Rs 1500 crore enhanced commercial paper programme of the Company.

ICRA has also assigned long term rating of ICRA AA to the Rs 765 crore Non Convertible Debenture / Long term debt programme of the Company.

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V-Mart Retail opens two stores
Mar 07,2017

V-Mart Retail has opened 2 (two) new stores in the state of Uttar Pradesh & Bihar. Both the stores are fashion stores. With this the tally of Uttar Pradesh is increased to 59 stores and Bihar is increased to 30 stores. This takes the total number of stores to 140 Stores in 120 Cities across 14 states, with 37 Composite Stores & 103 Fashion Stores with a total area of approx. 11.86 lakhs sq. ft.

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Lupin launches generic Paxil CR tablets
Mar 07,2017

Lupin announced the launch of generic Paxil CR (Peroxetin) Extended Release Tablets USP, 12.5 mg, 25 mg and 37.5 mg having received an approval from the United States Food and Drug Administration earlier.

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Dredging Corporation of India appoints director
Mar 07,2017

Dredging Corporation of India has appointed Pravir Krishn as Part-time Official Director on the Board of the Company in place of Barun Mitra.

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Asian Granito India issues commercial paper aggregating Rs 20 crore
Mar 07,2017

Asian Granito India has issued Commercial Paper of an aggregate amount of Rs. 20 crore dated 6 March 2017 having maturity on 1 September 2017. The aggregate Commercial Paper outstanding as on date is Rs. 40.00 crore.

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Board of Coal India recommends dividend
Mar 07,2017

Coal India announced that the Board of Directors of the Company at its meeting held on 6 March 2017, inter alia, have recommended the dividend of Rs 18.75 per equity Share (i.e. 187.5%) , subject to the approval of the shareholders.

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Scan Steels to hold board meeting
Mar 07,2017

Scan Steels will hold a meeting of the Board of Directors of the Company on 14 March 2017, for the allotment of Equity Shares on conversion of warrants issued / allotted by the company on 14.10.2015 as per In-principle approval of BSE.

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Sysco Industries gets revision in credit ratings
Mar 07,2017

Sysco Industries has received revision in credit ratings from Brickwork Ratings India as under -

Fund based limits - BWR BB+; Stable outlook (Reaffirmed)
Non fund based limits - BWR A4+ (Reaffirmed)

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KDDL appoints director
Mar 07,2017

KDDL appoints Sanjiv Sachar as Additional Director of the company w.e.f. 7 March 2017.

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Zydus settles patent litigation related to Trokendi XR (topiramate) extended release capsules
Mar 07,2017

Cadila Healthcare and its subsidiary Zydus Pharmaceuticals (USA) Inc. announced that they have finalised an agreement with Supernus Pharmaceuticals Inc. to settle all outstanding patent litigation related to Trokendi XR (topiramate) extended release capsules.

Under the terms of the agreement, Supernus grants Zydus a license to market Zydus generic version of Trokendi XR extended release capsules beginning on 01 January 2023 or earlier under certain circumstances.

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Board of Fag Bearings India appoints MD
Mar 07,2017

Fag Bearings India announced that the Board of Directors of our Company has approved appointment of Dharmesh Arora [DIN: 05350121] as a Managing Director of the Company with effect from 06 March 2017, in its meeting held on 06 March 2017.

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Bombay Burmah Trading Corporation to acquire additional stake in Bomaby Dyeing & Manufacturing Company
Mar 07,2017

Bombay Burmah Trading Corporation announced that the Finance Committee of Board of Directors of the Corporation at its meeting held on 06 March 2017 has proposed the Corporation to acquire additional shares in Bombay Dyeing & Manufacturing Company directly or through its wholly owned subsidiary, as part of internal restructuring of promoters holdings in Bombay Dyeing & Manufacturing Company.

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Regency Trust announces change in company secretary
Mar 07,2017

Regency Trust announced that Rebecca Nevis, Company Secretary of the Company had tendered her resignation with effect from February 28, 2017 for better prospect and the Company has now appointed Naina Kanagat as Company Secretary of the Company with effect from 07 March 2017.

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Tata Motors announces Jaguar Land Rover sales performance
Mar 07,2017

Tata Motors announced that Jaguar Land Rover has achieved its bestever February sales performance in 2017, with total retail sales of 40,978 vehicles, up 9.3% on the prior year, primarily driven by continuing strong sales of the Jaguar F-PACE, XE, Land Rover Discovery Sport, Range Rover and Evoque with sales of the all new Land Rover Discovery now alsounder way.

By region, Jaguar Land Rovers global retail sales performance for February showed growth in China (40.4%), North America (16.2%) and the UK (14.2%) but down slightly in Europe (1.6%) and in otheroverseas markets (6.5%).

Jaguar retail sales were 12,203 vehicles, up 81.1%, compared to February 2016, driven by the ongoing success of the Jaguar F-PACE as well as solid sales of XE.

Land Rover retailed 28,775 vehicles in February 2017, down 6.4% compared to February 2016, primarily reflecting the run-out of the Land Rover Defender and Discovery which was only partially offset by the introduction of the all-new Land Rover Discovery and continuing solid sales of the Discovery Sport, Range Rover and Range Rover Evoque.

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Fairchem Speciality to hold board meeting
Mar 07,2017

Fairchem Speciality will hold a meeting of the Board of Directors of the Company on 9 March 2017, to consider approving the Scheme of Arrangement between Privi Organics Limited and Fairchem Speciality Limited (formerly Adi Finechem Limited) and Adi Aromatic Limited and their respective shareholders and creditors(Scheme of Arrangement)

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