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Glenmark Pharmaceuticals provides update on advances on its respiratory pipeline
Mar 30,2017

Glenmark Pharmaceuticals announced positive results for GSP 301, an investigational fixed-dose combination of mometasone furoate (25 mcg) and olopatadine hydrochloride (665 mcg) administered twice dailyas a nasal spray being studied for the treatment of seasonal allergic rhinitis. These results are from a recently completed Phase 3 trial assessing the efficacy and safety of GSP 301 combination therapy versus mometasone, olopatadine or placebo.

Data from this trial have not yet been published. Glenmark will be submitting these data for presentation at upcoming scientific meetings and publication in a peer-reviewed journal.

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Shares of Manas Properties get listed
Mar 30,2017

The equity shares of Manas Properties (Scrip Code: 540402) are listed effective 30 March 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Shares of Maximus International get listed
Mar 30,2017

The equity shares of Maximus International (Scrip Code: 540401) are listed effective 30 March 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Dilip Buildcon receives LoA for three road projects from NHAI
Mar 30,2017

Dilip Buildcon has received Letter of Award from the National Highways Authority of India (Ministry of Road Transport & Highways, Government of India) for three projects in a single stretch in the state of Maharashtra.

1.Four Laning of Mahagaon to Yavatmal section of NH-361 from Km 320.580 to Km 400.575 (Package-II) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity mode at a Project cost of Rs. 1160.64 crore, having the length of 80.195 Km.

2.Four Laning of Yavatmal to Wardha section of NH-361 from Km 400.575 to Km 465.500 (Package-III) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity Mode at a Project cost of Rs. 1043.28 crore having length of 64.925Km.

3.Four Laning of Wardha-Butibori Section of NH-361 from km 465.500 to km 524.690 (design length 59.190 km) under NH (O) in the State of Maharashtra on Hybrid Annuity Modeat a Project cost of Rs. 1065.51 crore.

Completion period for all projects: 30 Months

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L&T HydroCarbon Engineering bags orders worth Rs 4000 cr
Mar 30,2017

L&T HydroCarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, has bagged orders totalling close to Rs 4000 crore in the International market.

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Thermax enters into definitive agreement with Weiss SP Z.O.O., Poland
Mar 29,2017

Thermax has entered into definitive agreement with Weiss SP Z.O.O., Poland on 28 March 2017, to acquire 100% share capital of Barite Investments SP Z.O.O., Poland through its step down subsidiary in Denmark. With this, the said entity will become a step down subsidiary of the Company.

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Adani Welspun Exploration awarded contract area B-9 cluster by GoI
Mar 29,2017

Welspun Enterprises announced that Adani Welspun Exploration in which it holds 35% stake, has been awarded the contract area B-9 Cluster by the Government of India in the recently concluded bidding of the Discovered Small Field Bids Round (DSF 2016).

The area of the Cluster is 183 Square Kilometres, and comprises of three offshore fields, B-9, B-7 and BRC, located in the Mumbai Offshore basin. The block is in close proximity to AWELs prospective exploratory block (MB/OSN/2005/2) and ONGCs B-12 area, which is under advanced stage of development.

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Bombay Dyeing & Manufacturing Company appoints director
Mar 29,2017

Bombay Dyeing & Manufacturing Company announced that the Board of Directors of the Company at its meeting held on 29 March 2017, has approved the appointment of Dr. Minnie Bodhanwala (DIN - 00422067) as an Additional Non-Executive - Non-Independent Director.

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Shriram Transport Finance Company allots NCDs aggregating Rs 1100 crore
Mar 29,2017

Shriram Transport Finance Company has allotted 11000 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each , aggregating to Rs. 1100 crore on private placement basis on 29 March 2017.

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Union Bank of India issues Tier I Bonds aggregating Rs 1250 crore
Mar 29,2017

Union Bank of India has closed issuance of 7,500 & 5,000 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital for face value of Rs. 10,00,000 at par each aggregating to Rs. 750 crore and Rs. 500 crore on private placement basis bearing coupon of 9.10% p.a. payable annually with pay-in date 30 March 2017 and 31 March 2017 respectively.

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Union Bank of India issue Tier I Bonds aggregating Rs 250 crore
Mar 29,2017

Union Bank of India has issued 2,500 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital on 29 March, 2016. The Bond is issued for face value of Rs. 10,00,000/- each at par aggregating to Rs. 250 crore on private placement basis bearing 9.10% p.a. coupon payable annually. The AT1 Bonds are rated BWR AA+/Stable by Brickwork Rating India (Brickwork) and IND AA by India Ratings and Research (India Ratings).

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UCO Bank to issue Tier II Bonds to LIC
Mar 29,2017

UCO Bank announced that its Board of Directors has approved the proposal for issue of Tier II Bonds of face value of Rs 10 lakh each aggregating to Rs 1000 crore to LIC.

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Berger Paints India commences commercial production of paint and putty at Nalbari plant
Mar 29,2017

The British Paints Division of Berger Paints India has commenced commercial production of its paint and putty plant at Nalbari, Assam on 29 March 2017. The plant has a capacity of 6,600 KL/MT per annum of solvent and water based paints and 7,200 MT per annum of putty and distemper.

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Sadbhav Engineering signs EPC agreement with Sadbhav Bangalore Highway
Mar 29,2017

Sadbhav Engineering has signed EPC agreement with Sadbhav Bangalore Highway (a step down subsidiary) worth Rs 855 crore for maintenance and repair works during the development period and construction period for 170.92 kms of BRT Tiger Reserve Boundary to Bangalore section of NH-29.

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Board of Punjab & Sind Bank approves proposal to raise AT-1 and AT-II capital
Mar 29,2017

Punjab & Sind Bank proposes to raise funds through issue of Basel III Compliant AT-1 up to Rs 1000 Crore and Basel III Compliant Tier II Bonds up to Rs 500 Crore during the Financial year 2017-18 in one or more tranches, on private placement basis, as approved in meeting of Board of Directors held on 29 March 2017.

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