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M&M in focus after new product launch
Feb 17,2017

Mahindra & Mahindra (M&M) after market hours yesterday, 16 February 2017, announced that it has introduced 7 new products simultaneously under its Supro platform. The company launched 4 new variants of its stylish and spacious passenger carrier, namely Supro Minivan, Supro Minivan VX, Supro Minivan CNG and Supro School Van and 3 new variants of its modern load carrier, Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van. Priced competitively, the Supro Minivan starts at Rs 4.71 lakh (ex-showroom Kolkata, BS4) while the Supro Minitruck starts at Rs 4.28 lakh (ex-showroom Kolkata, BS4).

ln the small commercial load category, the company expanded its range with the launch of Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van, additions to the already existing Supro Maxitruck, making it a complete range of powerful, profitable Small Cargo vehicles.

ln the passenger category, the company expanded its range with the launch of the Supro Minivan, Minivan VX, Supro Minivan CNG & Supro School Van to the already existing Supro, resulting in it a complete range of spacious, comfortable Minivans. The Supro platform was conceptualised to effectively cater to the needs of multiple segments in the passenger and cargo movement categories, while delivering a superior value proposition, M&M said.

HDFC Bank will be in focus. The Reserve Bank of India (RBI) notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)/ Foreign Direct Investment (FDI)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The announcement was made after market hours yesterday, 16 February 2017.

Bharat Heavy Electricals (Bhel) and Idea Cellular have been removed from the benchmark Nifty 50 index, NSEs index provider IISL said in a statement on Thursday, 16 February 2017. The two stocks will be replaced by Indiabulls Housing Finance and Indian Oil Corporation (IOC) instead, as part of the periodic review process. The changes will take effect from 31 March 2017, the statement added.

NTPC announced after market hours yesterday, 16 February 2017, that the first rake of coal was flagged off on 16 February 2017 from the companys first coal mine, Pakri Barwadih in Jharkhand. This coal mine will have ultimate capacity of 18 million metric tonne per annum. In the next year, around 2-3 million metric tonne of coal is likely to be produced. As a basket source, coal will be supplied to different power stations of NTPC from this mine.

Biocon announced that the U.S. Food and Drug Administration (FDA) has accepted Biologics License Application for Mylan and proposed biosimilar pegfilgratism. The US FDA has accepted Mylans Biologics License Application (BLA) for MYL44O1H, a proposed biosimilar to Neulasta (pegfilgrastim), for filingthrough the 351(k) pathway. The proposed biosimilar to Neulasta is used to reduce the duration of neutropenia (low count of neutrophils, a type of white blood cells) and the incidence of fever associated with neutropenia in adult patients treated with chemotherapy n++n certain types of cancer. The FDA goal date set under the Biosimilar User Fee Act (BsUFA) is 9 October 2017, the company said. The announcement was made after market hours yesterday, 16 February 2017.

Siemens announced that it has received an order worth about Rs 119 crore from Sterlite Power Grid Ventures. The order is for design, engineering, procurement, manufacture, supply and commissioning of equipment for a substation at Khandwa in Madhya Pradesh and for bay extension equipment at Dhule in Maharashtra for Khargone Transmission. The announcement was made after market hours yesterday, 16 February 2017.

Eveready Industries India announced that a meeting of the board of directors of the company will be held on 20 February 2017, inter alia, to consider the re-organisation of the packet tea operations. The announcement was made after market hours yesterday, 16 February 2017.

Shilpa Medicare said that there was an incident of fire at the companys EOU Unit (API) plant in one block of the company, situated at Raichur, Karnataka. It is further intimated that it may not have impact on the operations of the said plant or financials. The announcement was made after market hours yesterday, 16 February 2017.

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Kotak Mahindra Bank allots 2,96,582 equity shares
Feb 16,2017

Kotak Mahindra Bank announced that the ESOP Allotment Committee of the Bank at its Meeting held on 15 February 2017, has allotted 2,96,582 equity shares of Rs. 5/- each, pursuant to exercise of equivalent number of Employee Stock Options.

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Megasofts XIUS selected by Toka
Feb 16,2017

XIUS, the telecom brand of Megasoft has been selected by Toka, a company specializing in electronic payment solutions to launch MobileVirtual Network Operator (MVNO) services in Mexico. Toka will operate its MVNO on Movistars (Telefonica) network.

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Centum Electronics inaugurates state-of-the-art design and manufacturing facility
Feb 16,2017

Centum Electronics has inaugurated its state-of-the-art design and manufacturing facility in Bengaluru. This is Companys fourth manufacturing facility spread over six acres measuring 150000 sq. ft and is located at the aerospace park near Devanahalli. The investments towards the facility including upgradation of lines and technology is about Rs 200 crore, over two years.

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Sagar Cements successfully concludes QIP issue
Feb 16,2017

Sagar Cements has successfully concluded its fund raising exercise through Qualified Institutional Placement (QIP). The Company raised Rs 173 crore by issue of 24 lakh shares of Rs 10 each at a price of Rs 720 per share. Post issue, the institutional holding is in excesss of 18.7% as against 7.3% pre-QIP.

The funds raised will be deployed to meet capital expenditure for increasing the capacity of its grinding unit at Bayyavaram from 1,81,500 MT to 15,00,000 MT per annum, setting up a 15 MW coal based captive power plant at its Mattampally unit and for general corporate purpose.

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Kirloskar Industries director resigns
Feb 16,2017

Kirloskar Industries announced that Priyamvada A. Ranade has resigned from the Board of Directors of the Company as a Director due to other pre-occupations with effect from 15 February 2017.

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R&B Denims resumes factory operations
Feb 16,2017

R&B Denims announced that there is a considerable change in market scenario and the effect of demonetization is over, Companys stock in hand are come down to optimum stock level.

Further there is an increase in demand of companys product both in domestic and foreign market, the company has started its normal functioning and foresee no further interruption will arise in manufacturing activities.

On 16 December 2016, the Company had temporarily shut down factory production due to market trend and effect of demonetization.

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Bharat Wire Ropes appoints director
Feb 16,2017

Bharat Wire Ropes announced that the Board of Directors of the Company has appointed Shiv Kumar Malu as an Independent Director with effect from 15 February 2017.

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Sarthak Global announces resignation of director
Feb 16,2017

Sarthak Global announced that Sitaram Rathi has resigned from the post of Director as well as Whole-time Director of the Company from the closing hours of 14 February 2017.

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Mercator appoints director
Feb 16,2017

Mercator announced that Desh Raj Dogra has been appointed as (Additional) Independent and Non- Executive Director of the Company for a period of 5 years w.e.f 15 February 2017.

The Board of Directors of the Company approved the appointment of Dogra through Circular Resolution passed on 15 February 2017.

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Aryaman Financial Services provides update on subsidiary - Escorp Asset Management
Feb 16,2017

Aryaman Financial Services announced that Escorp Asset Management , a subsidiary of the Company has filed the Draft Prospectus dated 14 February 2017 with the BSE, for listing its equity shares on SME Platform of BSE.

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Future Enterprises allots NCDs aggregating Rs 265 crore
Feb 16,2017

Future Enterprises announced that the Committee of Directors of the Company at its meeting held on 16 February 2017 has allotted 1060, 9.60% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (series XVI-A) and 1590, 9.60% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (series XVI-B) aggregating to Rs 265 crore on private placement basis.

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IP Rings allots 56,33,718 equity shares
Feb 16,2017

IP Rings announced that the Rights Issue Sub-Committee of the Company at their meeting held on 16 February 2017, has considered and approved, inter alia, the following:

- Allotment of 56,33,718 fully paid up Rights Equity Shares of face value of Rs. 10 each at a price of Rs. 88.75 per Rights Equity Shares including a premium of Rs. 78.75 per Rights Equity Shares, to the eligible equity shareholders of the Company and in pursuance of the basis of allotment approved by the BSE, the designated stock exchange.

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Shilpa Medicare intimates of fire accident
Feb 16,2017

Shilpa Medicare announced that there was an incident of fire at the Companys EOU Unit (API) plant in one block of the Company, situated at Raichur, Karnataka. It is further intimated that it may not have impact on the operations of the said plant or financials.

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Sundaram Clayton revises record date for 2nd interim dividend
Feb 16,2017

Sundaram Clayton has fixed 21 March 2017 instead of 23 March 2017 as informed earlier, as the Revised Record Date for the purpose of payment of Second interim dividend.

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