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Lakshmi Vilas Bank appoints director
Jun 06,2017

Lakshmi Vilas Bank announced that subsequent to the approval granted by the Reserve Bank of India, the Board of Directors of the Bank at their meeting held on 06 June 2017 have co-opted B K Manjunath as Additional Director in the category of Non-Executive and Independent Director and also appointed him as the Part-time Chairman of the Bank for a tenure of three years effective from the date of taking charge i.e. 06 June 2017.

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India Glycols Ennature Bio-pharma Division ceases to be Export Oriented Undertaking
Jun 06,2017

India Glycols announced that upon application made by the Company and as allowed by the Noida Special Economic Zone (NSEZ), Ministry of Commerce and Industry, Noida, Uttar Pradesh vide its letter dated 31 May 2017, the Ennature Bio-pharma Division of the Company at Dehradun ceases to be 100% Export Oriented Undertaking (EOU).

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Canara Bank reviews MCLR rates
Jun 06,2017

Canara Bank has renewed MCLR rates with effect from 07 June 2017 as under -

Overnight - 8.10%
One month - 8.15%
Three month - 8.20%
Six month - 8.35%
One year - 8.40%.

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Tata Consultancy Services and Siemens collaborate for IoT innovation
Jun 06,2017

Tata Consultancy Services and Siemens unveiled a new collaboration around Internet of Things innovation. Focused on customers in the manufacturing, energy, building technology, healthcare and railway industries the partnership will enable customers to benefit from new data insights and services based on MindSphere, the Cloud based, open IoT operating systems from Siemens.

Through this partnership, TCS will also support developments around MindConnect Nano, the Cloud gateway that can be used to connect production to cloud based analysis of machine and production data. In addition, this new partnership will see Siemens and TCS work to explore implementing the MindSphere core platform, including operations and support services such as application and infrastructure management as well as analytical and testing services.

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Oil India makes a hydrocarbon discovery in Baghjan Petroleum Mining Lease
Jun 06,2017

Oil India through its exploratory efforts has made one hydrocarbon discovery in the Baghjan Petroleum Mining Lease in the Upper Assam Basin in the month of May 2017 in the well south Baghjan-2. Presently, the well is put on regular production.

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Sical Logistics gets LoA for excavation of overburden at Bharatpur Mines, Odisha
Jun 06,2017

Sical Logistics has been awarded with a Letter of Acceptance by Mahanandi Coal Fields for extraction of coal / coal measure strata by deploying surface miners on hiring basis, mechanical transfer of the same by pay loaders into tipping trucks and transportation from surface miner face to different destinations at Bharatpur for an extraction quantity of 24368779 Cu.M. over a period of 1095 days at a contracted value of Rs 289 crore.

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Tirupati Sarjan reschedules board meeting
Jun 06,2017

The Board of Directors meeting of Tirupati Sarjan has been rescheduled to 15 June 2017.

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Orient Beverages provides update on subsidiary - Sharad Quench
Jun 06,2017

Orient Beverages has promoted a wholly owned subsidiary namely Sharad Quench on 29 March 2017 to construct and operate a packaged drinking water project. The first financial year of Sharad Quench will be for the period from 29 March 2017 to 31 March 2018 and annual financial statement will be prepared accordingly.

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Meera Industries incorporates subsidiary in United States
Jun 06,2017

Meera Industries has established a Wholly Owned Subsidiary Company (WOS) in the name and style of Meera Industries USA LLC, formed in North Carolina State of USA.

This WOS would be instrumental and catalyst to boost export trade of the Meera since USA is one of the largest partner in export trade of the company. The WOS is established and has opened its doors in the heart of Textile Country, in this North Carolina city located near the I-85 corridor, along which hundreds of textile manufacturers and their suppliers based in the South,. The facility is located on a 4,600 square-foot area that will serve as a showroom and a sampling as well as small-lot production house. This will cater as spares and service centre too for existing companys clients in USA.

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Vivimed Labs intimates of successful USFDA inspection of its API facility in Spain
Jun 06,2017

Vivimed Labs announced that the Companys API manufacturing facility located in Sant Celoni, Spain was recently inspected by the USFDA in compliance with their requirements. At the end of the successful inspection, zero 483 observations were issued.

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Board of Cineline India recommends final dividend
Jun 06,2017

Cineline India announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of CSL Finance recommends final dividend
Jun 06,2017

CSL Finance announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Empire Industries recommends final dividend
Jun 06,2017

Empire Industries announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Wipro recognised as Leader for Oracle Applications Services
Jun 06,2017

Wipro announced that it has been positioned as a Leader in Gartners Magic Quadrant North America & Europe, Middle East and Africa 2016-17 for Oracle Applications Services.

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Board of Bayer CropScience approves buyback of shares
Jun 06,2017

Bayer CropScience announced that the Board of Directors of the Company at its meeting held on 06 June 2017 has approved buyback proposal for purchase of up to 1020408 equity shares of Rs 10 each (representing 2.89% of the equity capital) at a price of Rs 4900 per share aggregating Rs 500 crore.

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