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IndusInd Bank allots 9,769 equity shares
Jan 06,2017

IndusInd Bank has allotted 9,769 (Nine Thousand Seven Hundred Sixty Nine) equity shares of Rs. 10/- (Rupees Ten Only) each on 06 January 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Cinerad Communications shifts registered office
Jan 06,2017

Cinerad Communications announced that the Board of Directors at its meeting held on 19 May 2016 decided to change the Registered Office of the Company from Om Heera Panna Premises Co-operative Society Ltd. Premises No. G-58, Ground Floor, Near Oshiwara Police Station, Oshiwara, Andheri (W), Mumbai-400053 (Maharashtra) to Subol Dutt Building, 13, Brabourne Road, Mezzanine Floor, Kolkata-700001 (West Bengal).

The effective date of change in the Registered Office Address is 02 January 2017.

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GDP growth pegged at 7.1% for FY2017: First Advance Estimates
Jan 06,2017

As per the first advances estimates of Real GDP or Gross Domestic Product (GDP) released by the Central Statistics Office (CSO), the GDP growth at constant (2011-12) prices is estimated at 7.1% for FY2017, showing moderation from 7.6% in FY2016..

Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase 7.0% in FY2017 against 7.2% growth in FY2016.

The sectors which registered growth rate of over 7.0% are, public administration, defence and other services, financial, real estate and professional services and manufacturing. The growth in the agriculture, forestry and fishing, mining and quarrying, electricity, gas, water supply and other utility services, construction and Trade, hotels, transport, communication and services related to broadcasting is estimated to be 4.1%, (-) 1.8%, 6.5%, 2.9% and 6.0% respectively.

The per capita income in real terms (at 2011-12 prices) during FY2017 is likely to attain a level of Rs 81805 as compared to Rs 77,435 for the year FY2016. The growth rate in per capita income is estimated at 5.6% during FY2017, as against 6.2% in the previous year.

The per capita net national income during FY2017 is estimated to be Rs 103,007 showing a rise of 10.4% as compared to Rs 93,293 during FY2016 with the growth rate of 7.4%.

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs 89.72 lakh crore in FY2017 as against Rs 80.78 lakh crore in FY2016. At constant (2011-12) prices, the PFCE is estimated at Rs 67.13 lakh crore in FY2017 as against Rs 63.01 lakh crore in FY2016. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during FY2017 are estimated at 59.1% and 55.2%, respectively, as against the corresponding rates of 59.5% and 55.5%, respectively in FY2016.

Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs 18.61 lakh crore in FY2017 as against Rs 14.39 lakh crore in FY2016. At constant (2011-12) prices, the GFCE is estimated at Rs 13.95 lakh crore in FY2017as against Rs 11.27 lakh crore in FY2016. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during FY2017 are estimated at 12.3% and 11.5%, respectively, as against the corresponding rates of 10.6% and 9.9%, respectively in FY2016.

Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs 40.39 lakh crore in FY2017 as against Rs 39.72 lakh crore in FY2016. At constant (2011-12) prices, the GFCF is estimated at Rs 35.35 lakh crore in FY2017 as against Rs 35.41 lakh crore in FY2016. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during FY2017 are estimated at 26.6% and 29.1%, respectively, as against the corresponding rates of 29.3% and 31.2%, respectively in FY2016. The GFCF is expected to register growth rate of 1.7% at current prices and (-) 0.2% at constant prices.

The next release of second advance estimates of national income for the year FY2017 and quarterly GDP estimate for the quarter April-December, 2016 (Q3 of FY2017) will be on 28 February 2016.

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Board of Archies announces resignation of director
Jan 06,2017

Archies announced that Deepak Thakkar, Non Executive Director has resigned from the office of Board of Directors of the Company w.e.f. 05 January 2017 due to some other commitments.

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Rashtriya Chemicals & Fertilizers issues Commercial Paper worth Rs 75 cr
Jan 06,2017

Rashtriya Chemicals & Fertilizers announced that in terms of the guidelines issued by the Reserve Bank of India, the Company has issued Commercial Paper for Rs.75 crore on 06 January 2017, in favour of HDFC Bank , having maturity date as 30 March 2017.

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Board of Marathwada Refractories accepts resignation of company secretary
Jan 06,2017

Marathwada Refractories announced that Moumita Sen has resigned from the post of Company Secretary.

The Board has accepted her resignation and relieved her of her responsibilities effective from the close of business hours on 06 January 2017. Consequent to her resignation as Company Secretary, Moumita Sen also ceases to be Compliance Officer of the Company.

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Xchanging Solutions announces resignation of CF
Jan 06,2017

Xchanging Solutions announced that the Company has received a resignation letter from Rajeev Kachhal, CFO with effect from 09 January 2017 (Close of business hours) due to his resignation from CSC group.

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Board of Great Eastern Shipping Company approves acquiring of full ownership of subsidiary
Jan 06,2017

Great Eastern Shipping Company announced that the Board of Directors of Greatship (India) (GIL), a wholly owned-subsidiary of the Company, at its meeting held on 06 January 2017 approved acquiring full ownership of its Singapore subsidiary, Greatship Global Energy Services (GGES). GIL currently owns a partial stake in GGES, with the rest being held by Greatship Global Holdings, Mauritius (GGHL), a wholly-owned subsidiary of GIL.

The proposed acquisition, which would be subject to requisite statutory approvals, is expected to have only a very marginal (if any) impact on cash flow.

The proposed acquisition does not offer any benefit to the promoters, promoter group companies in any way.

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Aditya Birla Fashion & Retail allots 3,46,552 equity shares
Jan 06,2017

Aditya Birla Fashion & Retail announced that pursuant to the Composite Scheme of Arrangement amongst the Company, Aditya Birla Nuvo (ABNL), Madura Garments Lifestyle Retail Company and their respective shareholders and creditors, the Company has allotted 3,46,552 Equity Shares (said Shares) of Rs. 10/- each, to Non-resident (Repatriable) Shareholders of ABNL on Non - Repatriable Basis, under Lot 6 on 06 January 2017. The said Shares rank pari passu in all respects with the existing Equity Shares of the Company.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company has increased from Rs. 7,69,88,56,140 (i.e. 76,98,85,614 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,70,23,21,660 (i.e. 77,02,32,166 Fully Paid-up Equity Shares of Rs. 10/- each).

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Board of Sunrise Industrial Traders to consider Q3 and 9M results
Jan 06,2017

Sunrise Industrial Traders announced that the Meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia, to consider and approve, the standalone unaudited financial results for the quarter and nine months ended 31 December 2016.

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Colinz Laboratories to consider Q3 and 9M results
Jan 06,2017

Colinz Laboratories announced that the meeting of the Board of Directors of the Company, is scheduled to be held on 28 January 2017 inter-alia to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Outcome of board meeting of JVL Agro Industries
Jan 06,2017

JVL Agro Industries announced that the Board of Directors of the Company has in its meeting on 06 January 2017 approved the drafts of dividend payout documents to be executed for payout of dividend to the members; and authorized Satya Narayan Jhunjhunwala, Managing Director & CEO, Adarsh Jhunjhunwala, Whole Time Director and Dina Nath Jhunjhunwala, Director severally to execute the required documents in this respect on behalf of the Board.

It was further decided that the dividend for the financial year ending on 31 March 2016 as recently approved in the Annual General Meeting dated 30 December be paid/dispatched to all the members upto 28 January 2017, i.e. within 30 days of the date of Annual General Meeting.

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Rupee manages gain
Jan 06,2017

Rupee closed higher amid a strong dollar rally on Friday (06 January 2017) at 67.9509/9700 per dollar, versus its previous close of 67.9579/9720 per dollar.

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Lakshmi Machine Works to announce Q3 results
Jan 06,2017

Lakshmi Machine Works announced that the meeting of Board of Directors of the Company is scheduled to be held on 06 February 2017, inter alia, to consider unaudited financial results for the quarter ended 31 December 2016 (Q3).

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Agenda for board meeting of Shree Bhavya Fabrics
Jan 06,2017

Shree Bhavya Fabrics announced that the meeting of the Board of Directors of the Company is scheduled to be held on 13 January 2017, inter alia, to transact the following business:

1. To change an Internal Auditor of the company

2. To appoint new director

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