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Godrej Consumer Products hikes stake in Weave Senegal
Mar 14,2017

Godrej Consumer Products through its subsidiary, has increased its stake from 51% to 100% in Weave Senegal. The Company, through its subsidiary, has also reduced one layer of non-operational investment holding company in Mauritius, DGH Angola.

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Zensar Technologies announces demise of director
Mar 14,2017

Zensar Technologies announced the sad demise of Pradipta Kumar Mohapatra, Independent Director on 13 March 2017.

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Denis Chem Lab allots 13,50,000 Equity Shares
Mar 14,2017

Denis Chem Lab announced that Charandeep Singh has been allotted 13,50,000 Equity Shares of Rs.10/- each on 14 March 2017 upon exercise of right of conversion of 13,50,000 Equity Warrants of Rs.10/- each into Equity Shares on Preferential Basis

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Edelweiss Financial Services allots 3,56,075 equity shares
Mar 14,2017

Edelweiss Financial Services has allotted 3,56,075 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Rupa & Companys subsidiary enters into license agreement with Fruit of the Loom Inc.
Mar 14,2017

Oban Fashions, a Wholly-Owned Subsidiary of Rupa & Company, has, on 09 March 2017, entered into a License Agreement with Fruit of the Loom, INC., a New York Corporation, a Wholly-Owned Subsidiary of Berkshire Hathaway Company, whereby the said Wholly-Owned Subsidiary of Rupa & Company has acquired the exclusive license from the said Fruit of the Loom, INC., to manufacture, distribute, advertise and sell innerwear and outerwear products for men, boys, women, girls and toddler in India, under their brand names and marks.

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Monarch Networth Capital incorporates new subsidiary - Monarch Networth Capital IFSC
Mar 14,2017

Monarch Networth Capital has incorporated a new subsidiary company with the name: Monarch Networth Capital IFSC through the certificate of incorporation received from the Registrar of Companies dated 14 March 2017.

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Pennar Engineered Building Systems to hold board meeting
Mar 14,2017

Pennar Engineered Building Systems will hold a meeting of the Board of Directors of the Company on 20 March 2017.

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Upper Ganges Sugar & Industries fixes record date for scheme of arrangement
Mar 14,2017

Upper Ganges Sugar & Industries has proposed to fix 25 March 2017 as the Record Date (subject to confirmation of your good office) for the purpose of ascertaining the eligibility of the Equity (listed) and Preference (unlisted) shareholders, who shall be entitled to the respective shares issued by the transferee companies pursuant to the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries, The Oudh Sugar Mills, Palash Securities, Allahabad Canning, Ganges Securities, Cinnatolliah Tea, Vaishali Sugar & Energy, Magadh Sugar & Energy and Avadh Sugar & Energy and their respective Shareholders and Creditors(the Scheme).

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NLC India to hold board meeting
Mar 14,2017

NLC India will hold a meeting of the Board of Directors of the Company on 20 March 2017, to consider declaration of interim dividend, if any, for the financial year 2016 -17.

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Oudh Sugar Mills fixes record date for scheme of arrangement
Mar 14,2017

Oudh Sugar Mills has proposed to fix 25 March 2017 as the Record Date (subject to confirmation of your good office) for the purpose of ascertaining the eligibility of the Equity (listed) and Preference (unlisted) shareholders, who shall be entitled to the respective shares issued by the transferee companies pursuant to the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries, The Oudh Sugar Mills, Palash Securities, Allahabad Canning, Ganges Securities, Cinnatolliah Tea, Vaishali Sugar & Energy, Magadh Sugar & Energy and Avadh Sugar & Energy and their respective Shareholders and Creditors(the Scheme).

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Footwear Design and Development Institute (FDDI) Bill, 2017 introduced
Mar 14,2017

Commerce & Industry Minister Smt. Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on 14th March, 2017 to declare the FDDI as an Institution of National Importance (INI).

The objective of the proposed legislation is to facilitate and promote teaching, training and research in all disciplines relating to design and development of Footwear and leather products and to enable FDDI to emerge as Centre of Excellence meeting international standards.

The Footwear Design & Development Institute was established in 1986 with the objective of providing trained human resource and assistance to the sector. FDDI has pan-India presence with campuses at Noida, Kolkata, Chennai, Fursatganj (UP), Rohtak (Haryana), Chhindwara (M.P) and Jodhpur (Rajasthan) equipped with state of art academic facilities and infrastructure. New campuses at Hyderabad, Patna, Ankleshwar (Gujarat), Banur(Punjab) and Guna (M.P) would also start functioning shortly.

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Board of Steel City Securities recommends dividend
Mar 14,2017

Steel City Securities announced that the Board of Directors of the Company at its meeting held on 10 March 2017, inter alia, have recommended the dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Rupee rises sharply
Mar 14,2017

Rupee closed sharply higher at 66.95/9550 per dollar on Tuesday (14 March 2017), versus its previous close of 66.9275/9300 per dollar.

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14.66 lakh tonnes of pulses procured towards building the buffer stock
Mar 14,2017

As per the Working Group Report on Foodgrains-Balancing Demand & Supply During 12th FYP of Niti Aayog the projected demand for pulses during 2016-17 is estimated to be around 24.61 million tonnes while the estimated production of pulses is 22.14 million tonnes, thereby implying higher demand than domestic production.

The Government has approved creation of buffer upto 20 lakh tonnes of pulses. As on 08 March 2017, around 14.66 lakh tonnes of pulses have been procured or contracted for imports towards building the buffer. The Government has contracted imports of 4.06 lakh tonnes of pulses towards building the buffer stock. The prices of pulses fluctuates daily as well as over season. While approving the bid for imports, Price Stabilization Fund Management Committee (PSFMC), inter alia, compares offer rate with prevailing domestic rate and bids are generally approved for import when the rate offered are lower than prevailing domestic prices of that pulses.

Government has approved engaging a professional Buffer Stock Management Agency (BSMA) for efficient management of the buffer stock including procurement, storage, maintenance and liquidation of the stock as per Government directives from time to time. The agency for designing and managing the bid process has been selected. Contract for appointment is being finalized.

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Venture Capital Fund Scheme for SC Entrepreneurs
Mar 14,2017

Under the Venture Capital Fund Scheme for SC Entrepreneurs, proposal of 64 SC entrepreneurs from 17 States have been sanctioned so far. The State-wise details of the entrepreneurs of the last three years is given below.

Government has launched Credit Enhancement Guarantee Scheme for Scheduled Castes with a view to support Banks and Financial Institutions who will be providing financial assistance to SC entrepreneurs and facilitate economic and inclusive development of SC entrepreneurs. Stand-up India Scheme to promote entrepreneurship among SC/ST and women. The SC/ST Hub to provide professional support to Scheduled Caste and Scheduled Tribe entrepreneurs to effectively participate in public procurement policy. Besides, the National Scheduled Castes Finance and Development Corporation (NSFDC) implements various credit based schemes for business ventures of SC beneficiaries.

Venture Capital Fund Scheme For SC Entrepreneurs

STATES / UTsNumber of Beneficiaries2014-152015-162016-17Punjab 111Gujarat120Maharashtra01210Delhi NCR041Telangana075Andhra Pradesh020Uttar Pradesh020Uttarakhand001Tamil Nadu031Karnataka011Pondicherry010West Bengal010Assam-North East010Haryana011Chattisgarh001Himachal Pradesh001Rajasthan001TOTAL23824

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