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City Union Bank opens 4 new branches
Mar 23,2017

City Union Bank has opened four new branches on 23 March 2017 at Alanganallur, Koodalnagar, Uthiramerur and North Poiganallur. This takes the total branches tally to 547.

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Lupin gets final approval for Tobramycin Inhalation Solution
Mar 23,2017

Lupin announced that it has received final approval for its Tobramycin Inhalation Solution USP, 300 mg/5 ml from USFDA to market a generic version of Novartis Pharmaceuticals TOBI 300 mg/5 ml.

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CMI provides update on scheme of amalgamation
Mar 23,2017

CMI announced the amalgamation of CMI Energy India into CMI.

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Aditya Birla Nuvo transfers its entire 51% stake in Birla Sun Life Insurance Company
Mar 23,2017

Aditya Birla Nuvo announced that the Company has transferred its entire stake of 51% held in Birla Sun Life Insurance Company, a subsidiary of Aditya Birla Nuvo, to Aditya Birla Financial Services, a wholly owned subsidiary of Aditya Birla Nuvo.

Consequently, Birla Sun Life Insurance Company has become a subsidiary of Aditya Birla Financial Services and a step down subsidiary of Aditya Birla Nuvo.

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Hindalco Industries allots 34082 equity shares
Mar 23,2017

Hindalco Industries has allotted 34082 equity shares of face value of Re.1 /- each to the optionees, pursuant to the exrecise of the options granted to the employee under the Companys Employee Stock Option Scheme.

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Zuari Agro Chemicals acquires 3,22,67,741 equity shares of Nagarjuna Fertilizers & Chemicals
Mar 23,2017

Zuari Agro Chemicals has acquired 3,22,67,741 equity shares of Nagarjuna Fertilizers & Chemicals from Zuari Global for Rs 16.10 per share aggregating Rs 51.95 crore.

The proposed acquisition of shares was approved by the Board of Directors of the Company at its meeting held on 30 July 2014.

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Siemens wins an order worth Rs 187.4 crore
Mar 23,2017

Siemens announced that it has won an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka. The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet.

BREB is an electricity distribution provider under the Government of Bangladesh responsible for providing electricity to the rural parts of Bangladesh. The project is part of BREBs efforts to upgrade the countrys rural electricity distribution system and will contribute to accomplishingthe Government of Bangladeshs Vision of n++Electricity for All by 2021n++.

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Coal India announces change in directorate
Mar 23,2017

Coal India announced the appointment of Vinod Jain, Independent Director, Coal India on the Board of South Eastern Coalfields (SECL) Material Subsidiary Company as Independent Director.

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GRUH Finance allots 147740 equity shares
Mar 23,2017

GRUH Finance has allotted 147740 equity shares under ESOS. Post the allotment of shares, the paid up share capital of the company has increased to 36,45,64,484 equity shares of Rs 2 each aggregating Rs 72.91 crore.

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Rashtriya Chemicals & Fertilizers issues commercial paper worth Rs 150 crore
Mar 23,2017

Rashtriya Chemicals & Fertilizers has issued Commercial Paper for Rs.150 crore on 23 March 2017, in favour of State Bank of India, having maturity date as 21 June 2017. Further, the Commercial Paper issued by the Company on 23 December 2016 for Rs.150 crore has been redeemed on 23 March 2017.

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Board of Bharat Petroleum Corporation recommends dividend
Mar 23,2017

Bharat Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 23 March 2017, inter alia, have recommended the dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

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Bharti Airtel to acquire 4G business of Tikona
Mar 23,2017

Bharti Airtel announced that it will acquire the 4G business of Tikona along with the BWA Spectrum in the 2300 MHz band in UP (East), UP (West) and Rajasthan through its subsidiary Bharti Hexacom, thereby achieving pan India footprint in the 2300 MHz band. This acquisition will significantly bolster Airtels current spectrum holding in all the 5 circles and specifically in Gujarat and Himachal Pradesh to 30 MHz in that band. The cost of acquisition in approximately 1600 crore.

Post the completion of transaction, Airtel will have 30 MHz in the 2300 MHz band in 13 circles giving it tremendous advantage to cater to the surging data demand.

Trikonas WIBRO business shall be held by the shareholders of Trikona.

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Board of Indian Oil Corporation recommends dividend
Mar 23,2017

Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 23 March 2017, inter alia, have recommended the dividend of Rs 4.5 per equity Share (i.e. 45%) , subject to the approval of the shareholders.

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Board of Hindustan Petroleum Corporation recommends dividend
Mar 23,2017

Hindustan Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 23 March 2017, inter alia, have recommended the dividend of Rs 6.4 per equity Share (i.e. 64%) , subject to the approval of the shareholders.

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Mangal Credit & Fincorp to hold board meeting
Mar 23,2017

Mangal Credit & Fincorp will hold a meeting of the Board of Directors of the Company on 28 March 2017 Stock Split

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