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A.K.Capital Services invests Rs 49.94 lakh in Singapore subsidiary
Jan 14,2017

A.K.Capital Services announced that the Company has applied for 90,892 Equity Shares of A. K. Capital (Singapore), a Wholly Owned Subsidiary (WOS) of the Company and for the said purpose the Company has remitted an amount of Rs. 49,93,197.47/- (Conversion at Rs.47.77 per SGD) i.e. equivalent to SGD 1,04,525.80 @ of SGD 1.15/-per Equity Share on 12 January 2017 in order to fund the foreign corporate activities of the said WOS.

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Jaiprakash Associates announces appointment of nominee director
Jan 14,2017

Jaiprakash Associates announced that the Company has received a communication on 13 January 2017 from State Bank of India revising the effective date of appointment of Shailesh Verma as its Nominee Director on the Board of the Company from 07 December 2016 to 26 December 2016, as Shailesh Verma did not have the DIN as on 07 December 2016 as required under the Companies Act, 2013.

Accordingly, Shailesh Verma is nominated by State Bank of India as Director on Board of the Company w.e.f. 26 December 2016.

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Yes Bank gets reaffirmation of long term rating
Jan 14,2017

Yes Bank announced that Moodys Investor Service has reaffirmed its Long Term Rating on Yes Bank at Baa3 / P-3 with Stable outlook (unchanged). Moodys has consistently maintained a rating of Baa3/ P-3 with Stable outlook since it initiated coverage on Yes Bank in November 2010.

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Coal India announces revision in prices of coking coal by Bharat Coking Coal (subsidiary)
Jan 14,2017

The Board of Directors of Bharat Coking Coal, a subsidiary of Coal India has approved revision of coking coal prices with effect from 13 January 2017 approximately 20% increase over the current price while the price of steel grade coal and direct feed coal has been linked to price of washed coking coal which has been fixed on import parity price. The increase has been done by subsuming the washery recovery charge (WRC) which was being charged separately, keeping in view the observation of ADRM. Due to this revision, Coal India will earn approximately additional revenue of Rs 702 crore for the balance period of financial year 2016-17 i.e from 13 January 2017 to 31 March 2017 and additional revenue of Rs 2986 crore for financial year 2017-18 on achieving the targeted production and dispatch programme.

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Cholamandalam Investment & Finance Company allots 532 equity shares
Jan 14,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 532 equity shares of Rs. 10/- each to the option grantee who has exercised his option.

The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities.

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Bank of Baroda announces change in directorate
Jan 14,2017

Bank of Baroda announced the appointment of Ajay Kumar as Director vice Surekha Marandi (Existing Director on the Board of the Bank of Baroda representing Reserve Bank of India) with immediate effect.

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Ind-Swift appoints director
Jan 14,2017

Ind-Swift has appointed Subhash Chander Galhotra as an Independent Director of the Company.

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Rajapalayam Mills gets ratings upgrade
Jan 14,2017

Rajapalayam Mills has received an upgrade in the Long Term Rating from BBB+(Stable) to A-(Stable) and Short Term Rating from A2 to A2+ from CRISIL.

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IFCI reduces IFCI Benchmark Rate
Jan 14,2017

IFCI has reduced its Benchmark Rate IFCI Benchmark Rate (IBR) from 11.50% p.a. to 10.75% p.a. with monthly rests. This new IBR will be applicable from 15 January 2017.

IFCI has change its Short Term Benchmark Rate (IBR-ST) from 8.60%p.a. to 8.35% p.a. with monthly rests for lending for tenure up to 3 months only with effect from 15 January 2017.

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NBCC (India) fixes record date for bonus issue
Jan 14,2017

NBCC (India) has fixed 21 February 2017 as the Record Date for the purpose of Issue of ascertaining the eligibility of shareholders for issuance of 1 (One) Bonus Share of Rs. 2/- each on every existing 2 (Two) fully paid-up Equity Shares of Rs. 2/- each, subject to the approval of shareholders through postal ballot.

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Vijaya Bank announced change in directorate
Jan 14,2017

Vijaya Bank announced that Government of India vide its notification dated 13 January 2017 has informed the Bank that in exercise of the powers conferred by clause (c) of sub-section (3) of section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 of The Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government, has nominated G P Borah, CGM Mumbai RO, Reserve Bank of India in place of Suma Varma as Director of the Bank with immediate effect and until further orders.

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Board of Tata Steel appoints director
Jan 14,2017

Tata Steel announced that the Nomination and Remuneration Committee met on 13 January 2017 and unanimously recommended the induction of N. Chandrasekaran as a Member of the Board.

Based on the above recommendation, the Board of Directors of the Company unanimously approved the appointment of N. Chandrasekaran as an Additional Director of the Company with immediate effect.

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Board of Vedavaag Systems to consider allotment of warrants to promoters
Jan 14,2017

Vedavaag Systems announced that the meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to consider the following:

- Allotment of warrants to the promoters and the others pursuant to the in principle approval obtained from BSE.

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Board of Nivi Trading to consider December quarter results
Jan 14,2017

Nivi Trading announced that a Meeting of the Board of Directors of the Company is scheduled to held on 25 January 2017 inter-alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2016.

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Worldwide Leather Exports to consider September quarter results
Jan 14,2017

Worldwide Leather Exports announced that meeting of the Board of Directors of the Company is scheduled to be held on 21 January 2017 to consider and approve the Un-audited Financial Results of the Company for quarter ended 30 September 2016.

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