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e-Tourist visa issuance jumps 63.9% in November 2016
Dec 15,2016

A total of 1,36,876 foreign tourists arrived in November 2016 on e-Tourist Visa as compared to 83,501 during the month of November 2015 registering a growth of 63.9%. UK (22.3%) continues to occupy top slot followed by USA (12.9%) and Russian Fed (8.7%) amongst countries availing e-tourist visa facility During November 2016.

The facility of e-Tourist Visa has been made available by the Government of India to the citizens of 155 countries, arriving at 16 International Airports in India. The number of e-Tourist Visa availed by foreign tourists visiting India during the month of November, 2016 has registered a substantial growth rate over the corresponding month of 2015.

During January- November 2016, a total of 9,17,446 tourist arrived on e-Tourist Visa as compared to 3,41,683 during January-November 2015, registering a growth of 168.5%. This high growth may be attributed to introduction of e-Tourist Visa for 155 countries as against the earlier coverage of 113 countries.

The percentage shares of top 10 source countries availing e-Tourist Visa facilities during November, 2016 were as follows: UK (22.3%), USA (12.9%), Russian Fed (8.7%), France (6.3%), China (6.1%), Germany (4.6%), Australia (4.1%), Canada (3.6%), Netherlands (1.8%) and Ukraine (1.8%).

The percentage shares of top 10 ports in tourist arrivals on e-Tourist Visa during November, 2016 were as follows: New Delhi Airport (44.99%), Mumbai Airport (18.53%), Dabolim (Goa) Airport (14.19%), Chennai Airport (5.26%), Bengaluru Airport (5.23%), Kochi Airport (2.99%), Kolkata Airport (2.32%), Hyderabad Airport (1.94%), Trivandrum Airport (1.32%) and Amritsar Airport (1.11%).

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Board of Compuage Infocom recommends sub-division of shares and private placement of NCDs
Dec 15,2016

Compuage Infocom announced that the Board of Directors of the Company at its meeting held on 15 December 2016 transacted the following -

Considered and recommended issue of unsecured, listed, rated, redeemable, Non-Convertible Debentures of Rs 50 crore on private placement basis.

Considered and recommended sub-division of equity shares of Rs 10 each of the Company into 5 equity shares of Rs 2 each.

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Ramco Systems to provide upgrade of Ramco Aviation suite for GoAir
Dec 15,2016

Ramco Systems announced that it has been mandated by GoAir, to upgrade its Ramco Aviation Suite V5.5 to Ramco Aviation M&E/MRO Solution V5.8. This upgrade will further automate and enhance its maintenance functions.

The upgrade will cover modules for Engineering & Continuing Airworthiness Management Organisation (CAMO), Materials Management, Quality and Maintenance. The announcement was made at theIndia MRO Aerospace & Defence 2016 event being held at New Delhi.

GoAir has been functioning on Ramco Aviation offering since 2013, when the company went live on the application in a record time of 200 days, across 21 base stations, for its 15 fleet. The upgrade will additionallyhelp in simplifying and streamlining GoAirs Purchase Operations, Inventory Operations, Aircraft Maintenance Execution and Technical Records keeping. The applications mobility feature will enable access to operations for mechanics and maintenance staff on the move.

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Hitachi Sunway and Tata Communications form partnership
Dec 15,2016

Hitachi Sunway Information Systems Sdn. Bhd. announced its partnership with Tata Communication. With this partnership, Hitachi Sunway will now be able to provide its more than 1000 enterprise customers in ASEAN access to Tata Communications robust portfolio of Managed Network Services, Managed Security Services and UnifiedCommunications & Collaboration (UCC) offerings.

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Tata Comm gains after announcing pact with Hitachi Sunway
Dec 15,2016

The announcement was made during market hours today, 15 December 2016.

Meanwhile, the S&P BSE Senses was down 42.51 points or 0.16% at 26,560.33.

On the BSE, 47,000 shares were traded on the counter as against the average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 632.20 and a low of Rs 618 so far during the day.

Hitachi Sunway Information Systems Sdn. Bhd (Hitachi Sunway), a leading one-stop IT services and solutions provider in ASEAN, announced a partnership with Tata Communications. With this partnership, Hitachi Sunway will now be able to provide its more than 1,000 enterprise customers in ASEAN access to Tata Communications robust portfolio of managed network services, managed security services and unified communications & collaboration (UCC) offerings.

Sumeet Walia, Head, Global Enterprise Business, Tata Communications said that in the past year, Tata Communications has continued to invest in a broad range of service expansions, introducing new advanced managed services built on its strong network presence in the emerging and developed markets. The companys strategic partnerships are a key component of this strategy as it delivers dedicated platforms that enable business transformation for enterprises across the globe. Hitachi Sunways regional presence and credibility were the reason the company picked them as its partner here in ASEAN. Tata Communications is pleased to be working with them to expand its footprint in the region, Walia said.

Tata Communications owns and operates the worlds largest and most advanced subsea fibre cable network. Today over 24% of the worlds Internet routes travel over Tata Communications network, and the company is the only Tier-1 provider that is in the top five by routes in five continents.

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Yes Bank edges higher after partnering with FT42 Labs for cyber security solution
Dec 15,2016

The announcement was made during market hours today, 15 December 2016.

Meanwhile, the BSE Sensex was down 30.58 points, or 0.04%, to 26,592.34.

On the BSE, 49,809 shares were traded in the counter so far, compared with average daily volume of 2.85 lakh shares in the past one quarter. The stock had hit a high of Rs 1,204.50 and a low of Rs 1,180 so far during the day.

Yes Bank said that the partnership is for developing next generation Fintech and cyber security solutions. One of the first innovations, the PI-CONTROL platform that the bank has jointly developed with FortyTwo42 Labs will be rolled out in the next few weeks. The solution has the capability to provide real time cryptographic digital transaction signing at massive scale.

FortyTwo42 Labs has a set up in Vizag and Pune in India and Tel Aviv in Israel.

Yes Bank reported 31.3% rise in net profit to Rs 801.54 crore on 24.7% rise in total income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

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

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Yes Bank partners with FortyTwo42 Labs
Dec 15,2016

Yes Bank has collaborated with FortyTwo42 Labs, a Global Cyber Security Lab set up in India (Vizag and Pune) and Israel (Tel Aviv) as a co-innovation partner for developing next generation Fintech and Cybersecurity solutions.

One of their first innovations, the PI-Control Platform, that Yes Bank has jointly developed with FortyTwo42 Labs is being rolled out in the next few weeks. The Bank plans to use this solution as a multiple factor authentication for ALL online channels including API, and has an exclusive tie up with FT42 for the same, as part of its ART (Alliances & Relationships for Technology led Innovations) strategy.

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IOL Chemicals & Pharmaceuticals wins National Energy Conservation Award - 2016
Dec 15,2016

IOL Chemicals & Pharmaceuticals announced that the Company has won the National Energy Conservation Award - 2016. The Company has been awarded with the Second prize in Chemical Sector for its continued efforts towards new technology implementation so as to conserve energy resources of the country. Vijay Singla, Director (Works) received the award from Pyush Goyal - The Honble Minister of State (l/C) for Power, Coal, New & Renewable Energy and Mines at a National Energy Conservation Award function held on 14 December 2016, National Energy Conservation Day, at New Delhi.

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Rupee almost stable
Dec 15,2016

Rupee closed almost steady at 67.43 per dollar on Monday (12 December 2016), versus its previous close of 67.4150/4250 per dollar on Friday (09 December 2016).

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Titagarh Wagons moves ahead after reporting turnaround in Q2
Dec 15,2016

The result was announced after market hours yesterday, 14 December 2016.

Meanwhile, the BSE Sensex was up 101.62 points, or 0.38%, to 26,694.47.

On the BSE, so far 69,532 shares were traded in the counter, compared with average daily volumes of 1.49 lakh shares in the past one quarter. The stock had hit a high of Rs 118.05 and a low of Rs 115.10 so far during the day.

Titagarh Wagons net total income from operations rose 19.53% to Rs 103.82 crore in Q2 September 2016 over Q2 September 2015.

Titagarh Wagons designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, tank wagon under the French brand Arbel Fauvet Rail. Titagarh also manufacturers cast steel bogies and couplers for freight application.

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Board of Infosys to consider Q3 results
Dec 15,2016

Infosys announced that a meeting of the Board of Directors of the Company will be held on 13 January 2017, inter alia, to consider:

1. The audited standalone financial statements of the Company as per Indian Accounting Standards (INDAS) for the quarter and nine months ending 31 December 2016 (Q3);

2. The audited consolidated financial statements of the Company and its subsidiaries as per INDAS for the quarter and nine months ending 31 December 2016 (Q3); and

3. The audited condensed consolidated financial statements of the Company and its subsidiaries as per IFRS in INR for the quarter and nine months ending 31 December 2016

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Cimmco advances after trimming losses in Q2
Dec 15,2016

The result was announced after market hours yesterday, 14 December 2016.

Meanwhile, the S&P BSE Sensex was up 123.11 points or 0.46% at 26,725.95.

On the BSE, 1,360 shares were traded in the counter so far as against average daily volume of 10,589 shares in the past one quarter. The stock had hit a high of Rs 68.55 and a low of Rs 65.55 so far during the day.

The small-cap company has equity capital of Rs 20.15 crore. Face value per share is Rs 10.

Cimmcos net total income from operations jumped 519% to Rs 43.70 crore in Q2 September 2016 over Q2 September 2015.

Cimmco is engaged in the manufacturing and selling of railway wagons and heavy engineering products.

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Larsen & Tourbo Infotech recognised as Leader in Application Outsourcing Sevices
Dec 15,2016

Larsen & Tourbo Infotech has been cited as a Leader in the Forrester Wave Application Outsourcing Capabilities of Midsize Offshore Vendors, Q4 2016.

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Infosys firms up after making investment in startup providing UAV solutions
Dec 15,2016

The announcement was made after market hours yesterday, 14 December 2016.

Meanwhile, the S&P BSE Sensex was up 99.08 points or 0.37% at 26,701.92.

On the BSE, 74,325 shares were traded in the counter so far as against average daily volume of 1.42 lakh shares in the past one quarter. The stock had hit high of Rs 1,018.90 and low of Rs 993.50 so far during the day.

IdeaForges high performance Unmanned Aerial Vehicle (UAV), which have been designed and built in India, have significant potential in industrial use cases.

The investment is subject to receipt of regulatory approvals and customary closing conditions.

Infosys consolidated net profit rose 4.9% to Rs 3606 crore on 3.1% growth in revenue to Rs 17310 crore in Q2 September 2016 over Q1 June 2016.

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Cipla gains after subsidiary forms a pharma joint venture in Iran
Dec 15,2016

The announcement was made after market hours yesterday, 14 December 2016.

Meanwhile, the S&P BSE Sensex was up 97.89 points or 0.37% at 26,700.73.

On the BSE, 18,438 shares were traded in the counter so far as against average daily volume of 1.42 lakh shares in one quarter. The stock had hit a high of Rs 576.20 and a low of Rs 569 so far during the day. The stock had hit a 52-week high of Rs 660 on 29 December 2015. The stock had hit a 52-week low of Rs 458.25 on 25 May 2016.

The stock had outperformed the market over the past one month till 14 December 2016, gaining 3.41% compared with the Sensexs 0.81% fall. The scrip had also outperformed the market in past one quarter, declining 1.42% as against the Sensexs 6.24% fall.

The large-cap company has equity capital of Rs 160.85 crore. Face value per share is Rs 2.

Cipla announced that Cipla Holding B.V., a wholly owned subsidiary of the company in Netherlands, Cipla Netherlands, has entered into a joint venture agreement with its joint venture partner, Ahran Tejarat Company.

Cipla Netherlands will hold a 75% stake in a joint venture company in Iran while Ahran Tejarat will hold the remaining 25% stake. The expected investment by Cipla Netherlands is estimated to be a maximum of Euro 16.875 million.

The joint venture company proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.

As part of the transaction, Issat Company, an existing company in Iran incorporated on 19 January 1998 and currently owned by Ahran Tejarat, is proposed to be used as the JV company for the purposes of the transaction.

Issat Company has a valid pharmaceutical manufacturing license in Iran and also owns certain fixed asset but has not undertaken any business activity since incorporation and as a result does not currently have any turnover.

Cipla Netherlands will initially acquire a 75% stake in Issat Company from the JV partner for a consideration of Euro 1.35 million payable in cash and the balance amount of upto Euro 15.52 million is expected to be infused by Cipla Netherlands into Issat Company as equity over next one year period.

The acquisition is expected to be completed by March 2017, subject to completion of conditions precedent and applicable regulatory approvals.

Separately, Cipla announced that a meeting of the board of directors of the company is scheduled to be held on 19 December 2016, to consider the proposal of raising funds through issue of equity shares or American depository receipts or global depository receipts or foreign currency convertible bonds or non-convertible debentures- in the form of bonds or otherwise or bonds or any other securities/financial instruments, whether denominated in Indian Rupee and/or foreign currency(ies), either by way of a public issue or by way of a private placement, including through a qualified institutions placement in accordance with the provisions of the applicable law.

The fund raising would be subject to necessary permissions, sanctions and approvals, including shareholders approval and such other statutory approvals as may be required and the provisions of the laws.

On a consolidated basis, Ciplas net profit dropped 34.7% to Rs 354.34 crore on 8.7% rise in net sales to Rs 3671.88 crore in Q2 September 2016 over Q2 September 2015.

Cipla is a global pharmaceutical company.

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