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Kansai Nerolac Paints to hold board meeting
Sep 29,2016

Kansai Nerolac Paints will hold a meeting of the Board of Directors of the Company on 28 October 2016 to considering the unaudited financial results for the quarter ended September 30, 2016

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Nettlinx to hold EGM
Sep 29,2016

Nettlinx announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 October 2016 .

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TV Vision to hold AGM
Sep 29,2016

TV Vision announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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Globus Power Generation to hold AGM
Sep 29,2016

Globus Power Generation announced that the 31th Annual General Meeting(AGM) of the company on 28 September 2016.

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Mahindra & Mahindra Financial Serv. to hold board meeting
Sep 29,2016

Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the Audited Standalone Financial Results of the Company and the Audited Consolidated Financial Results for the second quarter and half year ending September 30, 2016 (Q2).

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India Finsec to hold AGM
Sep 29,2016

India Finsec announced that the 22th Annual General Meeting(AGM) of the company on 28 September 2016.

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Sunil Industries to hold AGM
Sep 29,2016

Sunil Industries announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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All 19 sectoral indices on BSE in red
Sep 29,2016

The S&P BSE Sensex was currently down 465.28 points, or 1.64% at 27,827.53.

The Indian Army conducted surgical strikes on terror launch pads yesterday, 28 September 2016 night across the Line of Control (LoC) in Pakistan, killing several terrorists and causing significant casualties to their hideouts. The press conference was jointly conducted by the Ministry of External Affairs and the Ministry of Defence. The Pakistani military reportedly said no such strike had taken place but that there had been an exchange of firing at the frontier.

All the 19 sectoral indices on BSE declined. The S&P BSE Realty index (down 6.31%), the S&P BSE Power index (down 4.11%), the S&P BSE Utilities index (down 3.49%), the S&P BSE Basic Materials index (down 3.48%), the S&P BSE Industrials index (down 3.29%) were the key sectoral indices losers.

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Lupin receives final approval for Memantine Hydrochloride ER capsules
Sep 29,2016

Lupin has received final approval for its Memantine Hydrochloride Extended-Release Capsules, 7 mg, 14 mg, 21 mg, and 28 mg from the United States Food and Drug Administration (FDA) to market a generic version of Allergans Namenda XRn++ Capsules, 7 mg, 14 mg, 21 mg, and 28 mg.

Lupins Memantine Hydrochloride Extended-Release Capsules, 7 mg, 14 mg, 21 mg, and 28 mg are the AB rated generic equivalent of Allergans Namenda XRn++ Capsules, 7 mg, 14 mg, 21 mg, and 28 mg.

Memantine Hydrochloride Extended-Release Capsules, 7 mg, 14 mg, 21 mg, and 28 mg are indicated for treatment of moderate to severe dementia of the Alzheimers type.

Namenda XRn++ Capsules had US sales of USD 1.22 Billion (IMS MAT June 2016).

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Board of State Bank of India approves schemes of acquisition without modifications
Sep 29,2016

State Bank of India announced that the Central Board of Bank at its meeting held on 29 September 2016 has considered the report of an Independent Expert Committee to consider the written objections received from shareholders of the Bank in terms of the Grievance Redressal Mechanism set up as part of the schemes of acquisition of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore and Bhartiya Mahila Bank approved by the Central board of Directors at its meeting held on 18 August 2016, and has approved the said schemes without any modifications thereto.

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ICICI Bank slips after weak debut of insurance subsidiary
Sep 29,2016

Meanwhile, the BSE Sensex was down 493.56 points, or 1.74%, to 27,799.25.

On BSE, so far 36.76 lakh shares were traded in the counter, compared with average daily volume of 13.65 lakh shares in the past one quarter. The stock hit a high of Rs 263.65 and a low of Rs 243.80 so far during the day. The stock hit a 52-week high of Rs 292.65 on 16 October 2015. The stock hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had outperformed the market over the past 30 days till 28 September 2016, rising 1.82% compared with 0.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.58% as against Sensexs 4.79% rise.

The large-cap private sector bank has equity capital of Rs 1163.77 crore. Face value per share is Rs 2.

Shares of ICICI Prudential Life Insurance Company (ICICI Prudential) were trading at Rs 300.10 at 14:57 IST on BSE, a discount of 10.15% over the initial public offer (IPO) price of Rs 334. The stock debuted at Rs 329, a discount of 1.50% to the IPO price. So far the stock hit a high of Rs 333.90 and low of Rs 295.50.

The IPO comprised sale of up to 18.13 crore equity shares of ICICI Prudential, representing about 12.63% of its equity share capital for cash, through an offer for sale (OFS) by ICICI Bank. The entire proceeds from the OFS was paid to ICICI Bank.

ICICI Prudential is the largest private sector life insurer in India by total premium and assets under management at 31 March 2016. ICICI Prudential is a joint venture between ICICI Bank and Prudential Corporation Holdings, a part of the Prudential Group, an international financial services group. The company is one of the first private sector life insurance companies in India. It commenced operations in October 2000 and offers a range of life insurance, health insurance and pension products and services.

After the IPO, ICICI Banks stake in the subsidiary reduced to 54.89% from 67.52% earlier. Prudential Corporation Holdings held 25.83% stake in the company.

ICICI Banks net profit fell 25% to Rs 2232.35 crore on 6.1% increase in operating income to Rs 16759.51 crore in Q1 June 2016 over Q1 June 2015.

ICICI Bank is one of the leading private sector banks in India.

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Nettlinx raises USD 3 million from strategic investors
Sep 29,2016

Nettlinx has raised USD 3 million (Rs 20 crore) from strategic investors (The Netherlands-based EXchange Invstors NV and Dubai-based TransGlobal FZC), to fund the Companys prospects in acquiring European industrial companies.

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Board of Sintex Industries approves Composite Scheme of Arrangement
Sep 29,2016

The Board of Directors of Sintex Industries on 29 September 2016 unanimously approved the Composite Scheme of Arrangement for the demerger of the Custom Mouldings Business and the Prefab Business from Sintex Industries to Sintex-BAPL and Sintex Infra Projects respectively, each a wholly owned subsidiary of Sintex Plastics Technology.

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Board of Lords Ishwar Hotels appoints director
Sep 29,2016

Lords Ishwar Hotels announced that the Board of Directors has appointed Manish Jitendra Shah as an Additional Director under Non-executive Independent Director category in their Board Meeting held on 28 September 2016 with effect from 01 October 2016.

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Intellect Design Arenas Digital Transaction Banking available as SaaS
Sep 29,2016

Intellect Design Arena has made its well established global integrated cash and trade solution, Digital Transaction Banking (DTB), available as software as a service.

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