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City Union Bank announces cessation of director
Jun 20,2017

City Union Bank announced the cessation of T K Ramkumar, Director w.e.f 10 June, 2017 on completion of tenure in terms of Section 10A(2A)(i) of the Banking Regulation Act, 1949.

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City Union Bank appoints director
Jun 20,2017

City Union Bank at its board meetign held on 20 June 2017 has co-opted Subramaniam Narayanan, as Additional Director on the Board of the Bank, to hold the office as Director upto the date of ensuing Annual General Meeting of the Bank.

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Board of Rajoo Engineers approves allotment of convertible warrants
Jun 20,2017

The Board of Directors of Rajoo Engineers at its meeting held on 20 June 2017 have approved the allotment of 35,00,000 Convertible Warrants on preferential allotment basis at issue price of Rs. 19.10/- per warrant. Each warrant is convertible in to one Equity Share of face value of Re. 1/- each with in a period of 18 months from the date of allotment of such warrants.

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Somany Ceramics issues commercial paper aggregating Rs 40 crore
Jun 20,2017

Somany Ceramics has issued Commercial paper of Rs. 40 crore value dated 20 June 2017 having maturity on 15 September 2017.

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Grasim Industries fixes record date for scheme of arrangement
Jun 20,2017

Grasim Industries announced that the Merger Committee of Board of Directors of the Company made the effectiveness of its Composite Scheme of Arrangement with effect from 1 July 2017 and fixing the record date-1 as 6 July 2017 to allot the shares of Grasim to the Shareholders of Aditya Birla Nuvo.

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Oil India provides update on buyback of shares
Jun 20,2017

Oil India announced that it has completed the extinguishment of total of 4,49,12,000 fully paid up equity shares of Rs 10 each. The paid up capital post the buyback is 75,66,02,607 equity shares of Rs 10 each aggregating Rs 756.60 crore.

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Government of India and the ADB Sign $275 Million Loan for Upgrading Urban Services in 64 Small Towns in Madhya Pradesh
Jun 20,2017

The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.

n++Madhya Pradesh needs substantial investments to keep pace with rapid urbanization. Availability of continuous piped water supply is vital for improving the urban infrastructure, and it will facilitate improved access to safe drinking water for residents in the project arean++, said Mr. Raj Kumar.

n++ADBs continued support to the States urban development, through this project, will improve further the quality, coverage, efficiency, and sustainability of urban service delivery, stabilize and deepen institutional capacity, and improve long term water service management,n++ said Mr. Sondjaja. n++A key element of the project is the use of design-build-operate contracts including 10-years operation and maintenance to ensure better sustainability of the water service operation and financial viability.n++

The project will develop sustainable, inclusive, and climate-resilient water supply in 64 small and medium-sized towns, and integrated storm water and sewerage infrastructure in two heritage towns of Khajuraho and Rajnagar. The project supports the State Governments priority to develop urban infrastructure. Previous ADB urban investments in the state have improved access to safe drinking water for more than 5 million residents in 4 major cities.

Along with ADBs loan, the Government of Madhya Pradesh will provide counterpart support of $124 million. The project will run for almost five years with an expected completion date of June 2022.

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Nikkei gains as soft yen boosts exporters
Jun 20,2017

The Japan share market finished session in positive territory on Tuesday, 20 June 2017, as investors sentiments powered by record highs on Wall Street overnight and depreciation in the yen after Federal Reserve Bank of New York President William Dudleys comments. The Nikkei finished up 0.8% at 20,230.41 Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2249 to 938 and 296 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.52% to 13.29.

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China Stocks fall ahead of the MSCI decision on A shares
Jun 20,2017

The Mainland China equity market closed lower on Tuesday, 20 June 2017, on caution before MSCI Inc. announcement whether it will add Chinese domestic shares to its benchmark indexes. The Shanghai Composite Index eased 0.14%, or 4.36 points, to 3,140.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.12%, or 2.21 points, to 1,879.06. The CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - fell 0.2% or 7.18 points to 3,546.49. The Nasdaq-style ChiNext rose 0.3% or 18.33 points to 1,820.98.

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Australia Market falls on banks, realty weakness
Jun 20,2017

Australian equity market ended lower on Tuesday, 20 June 2017, as profit taking triggered after two straight sessions of gains, with shares of banks, realty, and energy companies leading broad selling. The S&P/ASX 200 index declined 0.8%, or 47.87 points to finish the session at 5,757.30.

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Surya Roshni to hold EGM
Jun 20,2017

Surya Roshni announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 23 July 2017 .

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Saregama India to hold AGM
Jun 20,2017

Saregama India announced that the Annual General Meeting (AGM) of the company will be held on 28 July 2017.

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Carnation Industries to hold AGM
Jun 20,2017

Carnation Industries announced that the Annual General Meeting (AGM) of the company will be held on 22 September 2017.

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Mount Shivalik Industries to hold EGM
Jun 20,2017

Mount Shivalik Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 June 2017 .

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India and Portugal Sign A Historical agreement to promote Cooperation in The Field of Archives
Jun 20,2017

A Protocol of Cooperation was signed between the National Archives of India and the Minister of Culture of the Portuguese Republic in the field of archives on 17th May, 2017 in Lisbon, Portugal. As a first step under this agreement, the Torre do Tombo (National Archives of Portugal) handed over to the National Archives of India digital copies of 62 volumes of the collection known as Moncoes do Reino (Monsoon correspondence).

These volumes were originally part of over 456 volumes that cover the period from 1568 to 1914 and form the largest of all record collections in the Goa State Archives. The collection consists of direct correspondence from Lisbon to Goa and is important primary source for the study of the Portuguese expansion in Asia, their trade rivalries with the Arabs and European powers and their relations with neighbourings Kings in South Asia and East Asia.

In 1777, these 62 volumes, consisting of over 12,000 documents, pertaining to the period from 1605 to 1651 were shifted from Goa to Lisbon where these were subsequently printed in under the title Documentos Remetidos da India(Documents sent from India) by the Academy of Science at Lisbon between 1880 and 1893. The original volumes had remained in Lisbon ever since.

After 240 years, this gap in the record series in the collection of the Goa State Archives was filled when on 17 May 2017, in a ceremony attended amongst others, by HE K. Nandini Single, Ambassador of the Republic of India to Portugal, and Ms. Teresa Artilheiro Ferreira, Chief of Division, Cultural Agreements and Cooperation Programmes Unit, Camoes, Dr Silvestre de Almeida Lacerda, Director General of Books, Archives and Libraries, handed over a set of digital images of the missing volumes of the Moncoes do Reino series to his counterpart Mr. Raghvendra Singh, Secretary to the Government of India and Director General of Archives, who led a two-member delegation to Portugal from 15-17 May 2017.

Speaking on this occasion Mr. Singh expressed his desire to work in close cooperation with the archival fraternity in Portugal and in India to make the centuries old relations between the two countries, more vibrant and meaningful. The Indian Ambassador added that ever since the very successful visit of the Portuguese Prime Minister to India in January this year, there is a lot of synergy between the two countries in diverse fields ranging from technology to education and from civil aviation to football - to name a few. Cultural being an important part of the lives of our people, is an important area where cooperation in the areas of shared heritage and legacy is greatly cherished by one and all.

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