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Marsons bags order worth USD 118.4 million
Mar 28,2017

Marsons has secured a large order of 30 power transformers worth USD 118.4 million from a leading EPC contractor for the IPDS and DDUGJY projects in Orissa.

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Skipper starts commercial production at new unit in Palasbari, Assam
Mar 28,2017

Skipper successfully commenced commercial production at its new unit in Palasbari (near Guwahati), Assam on 27 March, 2017. The unit will enjoy direct and indirect tax holiday benefits for next 10 years under NEIIPP- 2007. This is the Companys eighth manufacturing unit (second near Guwahati) and has an installed capacity of 30,000 tonnes for engineering products and 7000 tonnes for polymer products taking the combined installed capacity of the engineering products to 2,30,000 tonnes and 48,000 tonnes for polymer products. The plant has been partly financed by term loan and balance by internal accruals with an approx. investment of Rs 70 crore.

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APL Apollo Tubes commences production at new unit in Raipur, Chhattisgarh
Mar 28,2017

APL Apollo Tubes announced that on 27 March 2017, the newly set-up Unit of the Company at Village Bendri, Raipur, Chhattisgarh has started production

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Britannia Industries signs JV agreement with Chipita S A, a Greek Company
Mar 28,2017

Britannia Industries has signed a joint venture agreement with Chipita S A, a Greek Company for purpose of developing, producing and selling ready to eat long life filled croissants and any other product as may be agreed between the parties through a joint venture company in India, namely, Britchip Foods.

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Board of Mukand approves scheme of arrangement and amalgamation
Mar 28,2017

The Board of Mukand at its meeting held on 27 March 2017 considered and approved, after recommendation of the Audit Committee of the Company, a scheme of arrangement and amalgamation amongst the Company, Whiteleaf Multiventures (Proposed Name: Whiteleaf Heavy Machinery) (Whiteleaf) and Avista Diam & Gold (Proposed Name: Technosys Industrial Machinery) (Avista) and their respective shareholders and creditors under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme) as detailed below:

1.1. Slump exchange of industrial machinery business of the Company (Transferred Undertaking) to Whiteleaf on a going concern basis (Slump Exchange);
1.2. Amalgamation of Whiteleaf (post Slump Exchange) with Avista in accordance with Section 2(1B) of the Income Tax Act, 1961 (Amalgamation).

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Indiabulls Wholesale Services renamed as SORIL Holdings and Ventures
Mar 28,2017

Indiabulls Wholesale Services announced that pursuant to issuance of the fresh certificate of incorporation, dated 27 March 2017, by the Registrar of Companies, NCT of Delhi & Haryana (ROC), the name of company stands changed to SORIL Holdings and Ventures with effect from 27 March 2017.

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Board of Canara Bank approves allotment of 5,42,99,105 equity shares
Mar 28,2017

Canara Bank announced that the Sub-Committee of the Board of Directors for Rights Issue has passed a circular resolution dated 27 March 2017 for allotment of Rights Issue of 5,42,99,105 equity shares aggregating Rs 1123.99 crore.

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Outcome of board meeting of Span Divergent
Mar 28,2017

The Board of Directors of Span Divergent has considered and approved providing corporate guarantee and security on behalf of Dryfruit Factory LLP, a subsidiary of the Company in favour of Bank/ Financial institution for money to be borrowed by Dryfruit Factory LLP.

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Accelya Kale Solutions wins Service Provider of the Year award
Mar 28,2017

Accelya has been awarded as the Service Provider of the Year at the 2017 Air Transport News Awards ceremony hosted in Ekali, Greece on 25 March 2017. Accelya has been recognised three times in the past four years at ATN awards.

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Pincon Spirit increases its captive logistics infrastructure
Mar 28,2017

Pincon Spirit announced that it has acquired 100 goods transport vehicles from Tata Motors for increasing its captive logistics infrastructure. With the ongoing implementation of West Bengal State Beverages Corporation in FY 2018, Pincon Spirit by adding on to the captive logistics infrastructure has equipped itself for catering to transportation of much greater volume of goods and also for cost curtailment in transportation which shall add on to incremental bottom line.

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Suven Life Sciences secures product patent
Mar 28,2017

Suven Life Sciences has secured a product patent from New Zealand corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and the Patent is valid through 2033.

The granted claims of the patents are from the mechanism of action include the class of selective 5HT4 compounds and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders likeAlzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Major Depressive disorder (MDD), Parkinson and Schizophrenia.

With these new patents, Suven has a total of twenty six (26) granted patents from New Zealand.

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Cairn India provides update on scheme of arrangement
Mar 28,2017

Cairn India announced that the Company has received all the required approvals in relation to the scheme of arrangement between Vedanta and Cairn India and their respective shareholders and creditors, save and except the approval of Reserve Bank of India for issuance of Redeemable Preference Shares to the Non- Resident shareholders of Cairn India. The scheme will be made effective upon receipt of approval of Reserve Bank of India.

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ICICI Bank allots 96,225 equity shares
Mar 28,2017

ICICI Bank has allotted 96,225 equity shares of face value of Rs. 2/- each on 27 March 2017 under the Employees Stock Option Scheme, 2000.

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NBCC (India) launches e-auction for sale of commercial spaces in Nauroji Nagar, New Delhi
Mar 28,2017

NBCC (India) on behalf of Ministry of Urban Development (MoUD), GOI has launched sale of Commercial/Office spaces on freehold basis at Nauroji Nagar, New Delhi. The sale shall be opened to all through e-auction. The revenue generated from the sale will be utilized for redevelopment of Government colonies in Delhi.

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Jindal Steel & Power to hold board meeting
Mar 28,2017

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 30 March 2017, to consider various modes of fund raising by way of preferential allotment of securities to different entities including the promoter(s)/promoter group entity(ies).

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