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Uflex launches UFLEX LPFS 4T
Dec 13,2016

Uflex has engineered the Multi Lane Automatic Linear Pick - Fill & Seal Machine - UFLEX LPFS 4T. The vacuum cups of this machine unlike the conventional PFS machines clamp open a pouch by holding its 4 Ps or the panels thereby opening up the mouth as wide as it gets. With this machine, the speed of filling and sealing 3D / falt bottom pouches has more than doubled compared with a rotary PFS machine.

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Bajaj Electricals allots equity shares
Dec 13,2016

Bajaj Electricals announced that the Share Allotment Committee of the Company at its 36th meeting held on 13 December 2016, allotted 46,750 equity shares of Rs. 2 each, fully paid-up, in the Company to 17 Employee Stock Option Grantees on their exercise of options granted under ESOP.

Post this allotment, the Issued, Subscribed and Paid-up Capital of the Company now comprise of 10,12,23,926 equity shares of Rs. 2 each fully paid up amounting to Rs. 20,24,47,852/-.

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Artson Engineering secures new contract
Dec 13,2016

Artson Engineering announced that the Company has received a Contract of Rs. 108.00 crore from a leading PSU for Design, Detailed Engineering, Supply, Fabrication, Installation, Testing, Foundation Work, Fire Protection, Other Civil Works for Double Deck Floating Roof Type Crude Oil Storage Tanks in the state of Odisha, India.

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Sunteck Realty spurts after robust Q2 earnings
Dec 13,2016

Meanwhile, the BSE Sensex was up 45.77 points, or 0.17%, to 26,561.01.

On the BSE, so far 53,000 shares were traded in the counter, compared with average daily volumes of 34,723 shares in the past one quarter. The stock had hit a high of Rs 240.45 and a low of Rs 227.55 so far during the day.

The stock hit a 52-week high of Rs 300 on 30 October 2016. The stock hit a 52-week low of Rs 173 on 12 February 2016. The stock had underperformed the market over the past 30 days till 12 December 2016, falling 3.08% compared with the 1.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.17% as against Sensexs 6.48% decline.

The small-cap company has equity capital of Rs 12.59 crore. Face value per share is Rs 2.

Sunteck Realtys consolidated earnings before interest, tax, depreciation and amortization (EBITDA) surged 1160% to Rs 126 crore in Q2 September 2016 over Q2 September 2015.

Sunteck Realty (SRL) is a Mumbai‐based real estate development company, catering to the premium ultra‐luxury and luxury residential segment.

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Inox Wind advances after order win from NTPC
Dec 13,2016

The announcement was made during market hours today, 13 December 2016.

Meanwhile, the BSE Sensex was up 53.35 points, or 0.20%, to 26,568.59.

Shares of NTPC dropped 0.24% to Rs 165.05.

On the BSE, 33,916 shares were traded in Inox Winds counter so far, compared with average daily volume of 67,908 shares in the past one quarter. The stock had hit a high of Rs 206.70 and a low of Rs 201.45 so far during the day. The stock had hit a 52-week high of Rs 378.40 on 23 December 2015. The stock had hit a 52-week low of Rs 161 on 6 September 2016.

The stock had outperformed the market over the past one month till 12 December 2016, rising 1.88% compared with the 1.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.47% as against Sensexs 6.48% decline.

The mid-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.

Inox Wind said that the project is to be deployed in Gujarat. The 50 megawatts maiden order marks NTPCs foray into wind energy generation. The move is part of NTPCs target of sourcing about 11% of its planned capacity of 128 gigawatts by 2032 from renewable energy.

The project is scheduled to be commissioned by Q1 June 2017 and will be executed on a turnkey basis.

On a consolidated basis, net profit of Inox Wind declined 39.9% to Rs 56.42 crore on 21.3% decline in net sales to Rs 797.67 crore in Q2 September 2016 over Q2 September 2015.

Inox Wind is a fully integrated player in the wind energy market with three manufacturing plants at Gujarat, Himachal Pradesh and Madhya Pradesh.

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Inox Wind bags order for 50 MW wind power project
Dec 13,2016

Inox Wind has bagged an order for a 50 MW Wind Power Project to be deployed in the State of Gujarat from NTPC. The project is scheduled to be commissioned by Q1 FY 2017-18 and will be executed on a turnkey basis. As part of the order, the Company will supply and install 25 units of its advanced 2MW DFIG 100 rotor diameter Wind Turbine Generator.

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BLS International Services secures contract from Spain MAEC (Ministry of Foreign Affairs and Cooperation - Spain)
Dec 13,2016

BLS International Services announced that the Company has been awarded a Contract from Spain MAEC (Ministry of Foreign Affairs and Cooperation - Spain) with a Value of 175 Million EURO (equivalent to INR 1300 crore appx.) on 12 December 2016.

The Company shall open nearly 100 Spanish Visa Application Centers to support the Spanish Embassies & Consulates of the Spanish Ministry of Foreign Affairs and Cooperation (Spain MAEC) Globally.

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MEP Infra spurts after strong Q2 numbers
Dec 13,2016

Meanwhile, the BSE Sensex was up 35.33 points, or 0.13%, to 26,550.57.

On the BSE, so far 1.18 lakh shares were traded in the counter, compared with average daily volumes of 76,994 shares in the past one quarter. The stock had hit a high of Rs 41.95 and a low of Rs 37.50 so far during the day.

The stock hit a 52-week high of Rs 50 on 23 September 2016. The stock hit a 52-week low of Rs 34 on 10 November 2016. The stock had underperformed the market over the past 30 days till 12 December 2016, falling 6.61% compared with the 1.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 15.87% as against Sensexs 6.48% decline.

The small-cap company has equity capital of Rs 162.57 crore. Face value per share is Rs 10.

MEP Infrastructure Developers total income from operations fell 0.06% to Rs 447.39 crore in Q2 September 2016 over Q2 September 2015.

MEP Infrastructure Developers is one of the leading infrastructure operator and toll management company.

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Axis Bank nudges higher after fund raising plans
Dec 13,2016

The announcement was made after market hours yesterday, 12 December 2016.

Meanwhile, the BSE Sensex was up 59.87 points, or 0.23%, to 26,575.11.

On the BSE, 96,339 shares were traded in the counter so far, compared with average daily volume of 7.1 lakh shares in the past one quarter. The stock had hit a high of Rs 448.25 and a low of Rs 442.25 so far during the day. The stock had hit a 52-week high of Rs 638 on 7 September 2016. The stock had hit a 52-week low of Rs 366.65 on 18 January 2016.

The stock had underperformed the market over the past one month till 12 December 2016, falling 10.79% compared with the 1.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.92% as against Sensexs 6.48% decline.

The large-cap private sector bank has equity capital of Rs 478.24 crore. Face value per share is Rs 2.

Axis Bank announced that the bank proposes to raise funds by issuing unsecured subordinated, perpetual, additional tier I, Basel III compliant non-convertible debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3500 crore.

The board of directors of the bank will consider the proposal to issue and allot the securities through circular resolution. On receipt of the approval of the board of directors, the bank will intimate to the stock exchanges the date of passing of the circular resolution and other details of the issue.

Axis Banks net profit declined 83.3% to Rs 319.08 crore on 14.1% growth in total income to Rs 13698.77 crore in Q2 September 2016 over Q2 September 2015.

Axis Bank is one of the biggest private sector banks in India.

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Board of Vedavaag Systems approves increase in authorised share capital
Dec 13,2016

Vedavaag Systems announced that the Board of Directors of the Company at its meeting held on 12 December 2016 has considered and approved the following -

The Board subject to the approval of the members have approved increase in authorised share capital of the company from Rs. 20,00,00,000 (Rupees twenty crores only divided into 1,90,00,000 equity Shares of Rs.10/- each and 10,00,000 8% Preference Shares of Rs 10/- each to 30,00,00,000 (Rupees thirty crores) divided into 2,90,00,000 equity Shares of Rs.10/- each and 10,00,000 8% Preference Shares of Rs 10/-each.

The Board subject to the approval of the members of the company has approved to amend the capital clause of memorandum of association of the company.

The Board subject to the approval of the members of the company has approved the amendment in clause 4 of the Articles of association of the company relating to capital clause.

The Board subject to the approval of the members of the company has approved the issue of equity shares and convertible warrants aggregating to 1,00,00,000 equity shares on preferential basis to promoters and other investors.

The Board has decided to seek the members approval for the above by conducting Extra Ordinary General Meeting. The EGM will be held on 04 January 2017.

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Glenmark Pharma gains after launching generic drug in US
Dec 13,2016

The announcement was made after market hours yesterday, 12 December 2016.

Meanwhile, the BSE Sensex was up 10.41 points, or 0.05%, to 26,528.63.

On BSE, 4,044 shares were traded in the counter so far, compared with average daily volume of 52,814 shares in the past one quarter. The stock had hit a high of Rs 935 and a low of Rs 916 so far during the day.

Glenmark Pharmaceuticals Inc., USA announced the availability of ezetimibe, the first and only generic version of ZETIA (Merck) in the United States for the treatment of high cholesterol.

The availability of ezetimibe is the result of a licensing partnership with Par Pharmaceutical, an Endo International plc operating company, with whom Glenmark will share profits. Glenmark and its partner, Endo will be entitled to 180 days of generic drug exclusivity for ezetimibe as provided for under the FD&C Act. Endo International plc is a global specialty pharmaceutical company.

Ezetimibe is indicated as adjunctive therapy to diet for the reduction of elevated total cholesterol (total-C), low-density lipoprotein cholesterol (LDL-C), and apolipoprotein B (Apo B) in patients with primary (heterozygous familial and non-familial) hyperlipidemia.

According to IMS Health data for the 12-month period ending October 2016, annual US sales of Zetia 10 mg were approximately $2.3 billion.

Glenmark Pharmaceuticals (GPL) is a research-driven, global, integrated pharmaceutical company.

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Board of Mastek accords approval for acquition of Trans American Information Systems
Dec 13,2016

Mastek announced that the Board of Directors of the Company at its meeting held on 12 December 2016 has accorded its approval for acquisition of 100% of equity shares of Trans American Information Systems by the Company.

The board also accorded approval for giving a corporate guarantee and mortgage (to secure the proposed loan facility sanctioned by Axis Bank to Diligity Inc, US, a subsidiary of Mastek) to secure the said proposed term loan facility of USD 10 million to be availed by Digility Inc.

Diligity Inc. proposes to avail the aforesaid term loan facility of an aggregate principal amount of upto USD 10 million from Axis Bank UK to part finance the acquisition of two US based IT consulting and software services companies.

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WEP Solutions gets shortlisted as GST Suvidha Provider
Dec 13,2016

WEP Solutions announced that the Company has been shortlisted as a GST Suvidha Provider (GSP) by the Goods and Services Tax Network (GSTN), subject to further process of signing final agreement with GSTN.

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Outcome of board meeting of T.V. Today Network
Dec 13,2016

T.V. Today Network announced that the Board of Directors of the Company at its meeting held on 12 December 2016 has approved the acquisition of equity shares of Mail Today Newspapers from its other shareholders and reorganisation of radio business.

Living Media India holds 66.78% of the total equity shares of Mail Today through its wholly owned subsidiary, India Today Online (ITOPL) and for the purpose of the above acquisition, shall transfer all equity shares of ITOPL to the Company by way of a gift. AN (Mauritius), the other shareholder holding 25.21% of the equity shares of Mail Today, shall transfer all the equity shares held by it in Mail Today by way of gift, which shall result in Mail Today becoming a wholly owned subsidiary of the Company.

The Board also approved the acquisition of 100% of the issued and paid up capital of Vibgyor Broadcasting for the purpose of reorganising its radion business by transferring its radio business through slump sale into the aforesaid entity.

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Shares of Narendra Investments (Delhi) get listed
Dec 13,2016

The equity shares of Narendra Investments (Delhi) (Scrip Code: 540204) are listed effective 13 December 2016 and admitted to dealings on the Exchange in the list of XT Group Securities.

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