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MOIL announces cessation of director
Sep 23,2016

MOIL announced that on 22 September 2016, the Company have received intimation from Government of Madhya Pradesh regarding cessation of Sheo Shekhar Shukla from the post of Director of MOIL w.e.f. 23 August 2016.

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Uttarakhand one of the transparent states in doing business: Chief Minister, Uttarakhand
Sep 23,2016

Uttarakhand is one of the most transparent states in ease of doing business, provide conducive environment for industrial growth, said Chief Minister of Uttarakhand, Mr Harish Rawat said at an ASSOCHAM event.

Uttarakhand has a lot of potential in infrastructure development and hospitality industry and there is an ample scope for expansion. The power generation is one the major thrust areas. We are focusing on the development of small hydro power plants. Some of the important projects are Tankul, Bhilangana-II and Painagad etc, said Mr. Rawat while inaugurating an ASSOCHAM conference on 2nd Global Investors India Forum (GIIF).

n++Uttarakhand is the policy driven state.n++ We are also providing the cheapest power in the country. He further said that Uttarakhand is one of the most transparent states to do business.

We have land availability and the climate for investment is very good in Uttarakhand. We are working on infrastructure development and there is an ample scope for expansion, said Mr. Rawat.

He further mentioned that the Uttarakhand has very attractive MSME policy linked with the Start-up policy. The Government has implemented a Start-up policy to provide a platform to the students emerging from the Educational Institutes of the state to help them grow as entrepreneurs.

To invite investment in Uttrakhand from pioneer IT industries of CMM I level V to provide firm platform for new entrepreneurs. The incentives under the policy are land/ space coast, capital subsidy, power subsidy, stamp duty etc.

Now, we are attracting a lot of people from small investors in the micro and small power projects and we are ahead to formulate our IT policy also.

We are also improving the connectivity. We are also coming out with new airport and I am hopeful that soon it will be connected with other major towns of the country and with new policy of government of India from regional connectivity, we have already three small airports and which will be develop further, said Mr. Rawat.

In hospitality sector, there are lot of prospects in our state and request you all to look into that area and which have lot of potential.

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Ultracab (India) provides update on bonus issue
Sep 23,2016

Ultracab (India) announced that the Bonus shares are credited to the account of the shareholders holding shares in demat form, whose name appeared in the register of members on 09 September 2016 (Record Date).

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Disa India fixes record date for buyback of shares
Sep 23,2016

Disa India has fixed 04 October 2016 as the Record Date for the purpose of determining the entitlement and the names of the Shareholders, who are eligible to participate in the proposed buy-back offer.

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Jubilant Life Sciences gains after its subsidiary proposes to raise funds
Sep 23,2016

The announcement was made during market hours today, 23 September 2016.

Meanwhile, the BSE Sensex was down 13.45 points, or 0.05%, to 28,759.68.

On BSE, so far 1.12 lakh shares were traded in the counter, compared with average daily volume of 2.43 lakh shares in the past one quarter. The stock hit a high of Rs 648, so far during the day, which is a record high for the stock. The stock hit a low of Rs 623.50 so far during the day. The stock hit a 52-week low of Rs 272.50 on 20 January 2016. The stock had outperformed the market over the past one month till 22 September 2016, rising 22.55% compared with Sensexs 2.81% gains. The scrip also outperformed the market in past one quarter, surging 85.12% as against Sensexs 7.5% gains.

The large-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

Jubilant Life Sciences said that the board of directors of companys material wholly-owned subsidiary, Jubilant Pharma (JPL) at a meeting held today, 23 September 2016, approved the proposal to launch a benchmark offering of unsecured high yield bonds (notes) outside India by JPL. The notes are proposed to be listed on the Singapore Exchange Securities Trading. Jubilant Pharma is a company incorporated under the laws of Singapore outside India.

Jubilant Life Sciences consolidated net profit rose 22.5% to Rs 161.60 crore on 1.7% decline in net sales to Rs 1400.97 crore in Q1 June 2016 over Q1 June 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacture and supply of active pharmaceutical ingredients (APIs), solid dosage formulations, radiopharmaceuticals, allergy therapy products and life science ingredients. It also provides services in contract manufacturing of sterile injectables and drug discovery solutions. The companys strength lies in its unique offerings of pharmaceuticals and life sciences products and services across the value chain.

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SS Forgings & Engineering to hold AGM
Sep 23,2016

SS Forgings & Engineering announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Ideal Carpets to hold AGM
Sep 23,2016

Ideal Carpets announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Nardhana Infrastructure to hold AGM
Sep 23,2016

Nardhana Infrastructure announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Automotive Stampings & Assemblies to hold board meeting
Sep 23,2016

Automotive Stampings & Assemblies will hold a meeting of the Board of Directors of the Company on 28 October 2016, to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Pharmaids Pharmaceuticals to hold board meeting
Sep 23,2016

Pharmaids Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 1 October 2016, to consider Sale and / Transfer of Plant at Bibinagar - Nalgonda and specified Business, fixed assets, land & building, Plant & Machinery including identified employees, together with all its respective assets.

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Axis Bank to hold board meeting
Sep 23,2016

Axis Bank will hold a meeting of the Board of Directors of the Company on 24 October 2016.

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Vijay Shanthi Builders to hold AGM
Sep 23,2016

Vijay Shanthi Builders announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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SGN Telecoms to hold AGM
Sep 23,2016

SGN Telecoms announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Vertex Spinning to hold AGM
Sep 23,2016

Vertex Spinning announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Morepen Laboratories soars on reports of likely sale of OTC brands
Sep 23,2016

Meanwhile, the S&P BSE Sensex was down 15.34 points, or 0.05%, to 28,757.59

On BSE, so far 10.07 lakh shares were traded in the counter, compared with average daily volume of 4.33 lakh shares in the past one quarter. The stock hit a high of Rs 27.25 and a low of Rs 26.10 so far during the day. The stock hit a 52-week high of Rs 41.80 on 5 January 2016. The stock hit a 52-week low of Rs 13.14 on 23 September 2015. The stock had outperformed the market over the past 30 days till 22 September 2016, rising 25.25% compared with 2.54% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 8.3% as against Sensexs 9% rise.

The small-cap drug maker has an equity capital of Rs 89.97 crore. Face value per share is Rs 2.

As per reports, Morepen Laboratories is considering a business rejig which could lead to a potential sale of the over-the-counter brands, including antiseptic cream Burnol. The companys OTC portfolio include Lemolate cold and cough relief remedy , Sat-Isabgol, anti-fungal and antibacterial cream Itch Beat, Fever-X, Pain-X, a face wash and 2 Cool hair oil, among other brands. Piramal Healthcare, Cipla and Zydus Cadila could be among the potential suitors, reports indicated.

Morepen Laboratories net profit surged 60.4% to Rs 4.01 crore on 17.57% rise in net sales to Rs 116.72 crore in Q1 June 2016 over Q1 June 2015.

Morepen Laboratories is a pharmaceutical company having four divisions including active pharmaceutical ingredient (API), domestic formulations, diagnostics and over the counter (OTC).

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