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Usher Agro provides business update
Oct 03,2016

Usher Agro announced that the Company had received notices for winding up petition file against Company by

- CFSIT Inc. USA for recovery of their outstanding dues of Rs. 6548.14 lakhs ($ 10 Million) with interest @12% p.a. as per advance payment & supply contract.

- PT Bank Maybank Indonesia Tbk, Mumbai for recovery of their outstanding dues of Rs. 1778.18 lakhs with interest @16.4%. p.a.

The above petitions are merely file, but not admitted. Further the Company will take suitable legal action in consultation with its legal counsels.

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HCL Technologies wins Best AI Innovator Award
Oct 03,2016

HCL Technologies won the Award for Best AI Innovator at the 2016 AIconics Awards, which celebrate drive, innovation, and hard work in the international Artificial Intelligence Community. HCL won for Satori, a DRYiCETM module that is an AI-enabled web application combining the functions necessary for traditional and 21st-century enterprises, such as content and document management, personal profiling, enterprise social networking, enterprise search, business intelligence, workflow management, and an enterprise application store.

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Weizmann announces cessation of company secretary
Oct 03,2016

Weizmann announced that S. Srinivasan the Company Secretary of the Company has retired on 30 September 2016 and the Company is in the process of appointing a new Company Secretary.

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Vikas EcoTech gets upgrade in credit ratings
Oct 03,2016

Vikas EcoTech has received an upgraded rating of BBB+ from BBB- by Brickworks Ratings.

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Gujarat Narmada Valley Fertilizers & Chemicals announces cessation of CFO
Oct 03,2016

Gujarat Narmada Valley Fertilizers & Chemicals announced that Vikram Mathur, General Manager & Chief Financial Officer (CFO) has retired from the services of the Company on attaining the age of superannuation w.e.f. 30 September 2016 (after office hours). Consequently, he has ceased to be CFO of the Company.

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Aarti Industries gets revision in credit ratings
Oct 03,2016

Aarti Industries announced that CRISIL has upgraded debt securities rating for the Company from A+/Positive Outlook to AA-/Stable Outlook (For Long Term Rating and NCDs) and from A1 to A1+ (for Short Term Rating).

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Lakshmi Precision Screws announces resignation of director
Oct 03,2016

Lakshmi Precision Screws announced that the Company had received the intimation of resignation from Ramesh Chandra Jain, Independent Director.

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Ennore Coke gets registered with BIFR
Oct 03,2016

Ennore Coke announced that the Companys reference to the Board for Industrial and Financial Reconstruction (BIFR) pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SJCA), has been registered with BIFR with registration Number 125/2016.

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Wockhardt intimates of USFDAs exclusion of n++Ceftriazone Sodiumn++ from Import Alert
Oct 03,2016

With reference to an update on Import Alert 66-40 by US FDA on the Companys API Unit at Ankleshwar, Gujarat, Wockhardt announced that U.S. Food and Drug Administration (USFDA) on 30 September 2016 has posted on its website an update on the above referred matter and excluded the product n++Ceftriazone Sodiumn++ from Import Alert. This will enable the Company to manufacture and sell Ceftriazone API and formulation to US market.

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Gujarat State Fertilizers & Chemicals appoints director
Oct 03,2016

Gujarat State Fertilizers & Chemicals announced the appointment of Anil Mukim as a Rotational Director on the Board of the Company with effect from 30 September 2016.

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Grandma Trading & Agencies announces resignation of director
Oct 03,2016

Grandma Trading & Agencies announced that Srinivasa Rao Pabbathi Whole Time Director & CFO has tendered his resignation from the Board of the Director of the Company with effect from 03 October 2016.

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E-Land Apparel announces resignation of CFO
Oct 03,2016

E-Land Apparel announced that Byounghoon Yi has tendered his resignation from the position of the Chief Financial Officer of the Company with effect from 03 October 2016.

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India Post Payments Bank starts recruitment
Oct 03,2016

India Post Payments Bank, IPPB has started its recruitment drive with the release of the advertisement for the post of the Chief Executive Officer/ Managing Director, the Chief Technology Officer (CTO), other CXOs who will be heading its Operations, Risk and Compliance, Finance, HR & Administration and Sales and Marketing Departments. It has also advertised for some contractual positions across multiple Departments. Regular recruitment for other positions across scale I-VII will also be announced in the coming weeks. IPPB has also called for deputations from Public Sector Banks for some corporate HQ positions and will shortly be seeking deputations from banks, post office & other Government Departments for its branch locations. IPPB plans to recruit about 3,500 professionals in the coming months. Details are available on the India Post website.

IPPB will be headquartered in New Delhi and plans to launch 650 branches across the country by the next year. The India Post Payments Bank will leverage the widespread reach and the trust that the Post office enjoys in the minds of the citizen to truly drive financial inclusion.

With all 1.54 lakh Post offices, including 1.39 lakh rural post offices as its access points and 650 Payments bank branches in district Headquarter locations, it will be the most accessible bank in the world in terms of reach. It will deploy state of the art technology to make banking both simple and convenient to its customers. IPPB calls upon dedicated and committed professionals who would want to be part of the journey to create a national financial architecture which will connect every citizen with the financial services that they need to access.

It may be recalled that the India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs on 17th August, 2016 under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modis Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey.

The Department of Posts is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.

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Tyche Industries to pay dividend
Oct 03,2016

Tyche Industries announced that dividend of Rs 0.50 for FY 2015-16 shall be paid from 01 October 2016 to those shareholders whose names appear on the Register of members as on the record date of 23 September 2016.

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CCL Products (India) standalone net profit declines 56.75% in the September 2016 quarter
Oct 03,2016

Net profit of CCL Products (India) declined 56.75% to Rs 9.16 crore in the quarter ended September 2016 as against Rs 21.18 crore during the previous quarter ended September 2015. Sales declined 45.41% to Rs 95.95 crore in the quarter ended September 2016 as against Rs 175.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales95.95175.77 -45 OPM %18.7620.07 - PBDT17.2534.39 -50 PBT14.4631.86 -55 NP9.1621.18 -57

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