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Chartered Logistics bags order worth Rs 6.3 crore
Mar 08,2017

Chartered Logistics has bagged order worth Rs 6.3 crore from GHCL to be completed in three months. Up on completion, the company expects orders worth Rs 15 crore from GHCL to be completed in 9 months.

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NTPC commissions 45 MW of Bhadla Solar Power Project
Mar 08,2017

NTPC announced that 45 MW of Bhadla Solar Power Project of NTPC has been commissioned. With this, the installed capacity of Bhadla Solar Power project has become 160 MW and that of NTPCs solar power projects has become 520 MW. The total installed capacity of NTPC on standalone basis has become 41222 MW and that of NTPC group has become 48188 MW.

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NTPC commissions 45 MW of Bhadla Solar Power Project
Mar 08,2017

NTPC announced that 45 MW of Bhadla Solar Power Project of NTPC has been commissioned. With this, the installed capacity of Bhadla Solar Power project has become 160 MW and that of NTPCs solar power projects has become 520 MW. The total installed capacity of NTPC on standalone basis has become 41222 MW and that of NTPC group has become 48188 MW.

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Adani Power leads losers in A group
Mar 08,2017

Adani Power lost 4.46% to Rs 38.60 at 13:36 IST. The stock topped the losers in the BSEs A group. On the BSE, 9.81 lakh shares were traded on the counter so far as against the average daily volumes of 12.27 lakh shares in the past two weeks.

NMDC dropped 4.21% to Rs 141.10. The stock was the second biggest loser in A group. On the BSE, 3.97 lakh shares were traded on the counter so far as against the average daily volumes of 3.86 lakh shares in the past two weeks.

Religare Enterprises fell 4.02% at Rs 216.15. The stock was the third biggest loser in A group. On the BSE, 9,898 shares were traded on the counter so far as against the average daily volumes of 3,225 shares in the past two weeks.

Cairn India declined 3.38% at Rs 279. The stock was the fourth biggest loser in A group. On the BSE, 58,000 shares were traded on the counter so far as against the average daily volumes of 80,000 shares in the past two weeks.

Reliance Communications slipped 2.9% to Rs 35.10. The stock was the fifth biggest loser in A group. On the BSE, 19.36 lakh shares were traded on the counter so far as against the average daily volumes of 37.03 lakh shares in the past two weeks.

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Environment Minister launches Web Portal for obtaining CRZ Clearances
Mar 08,2017

The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, launched the web portal for obtaining Coastal Regulation Zone clearances, here today. The Minister termed the launch of the portal as a good example of Ease of Doing Business.

The Portal is a web-based system for obtaining clearances required from the Ministry under the n++Coastal Regulation Zonen++ (CRZ) by the Project proponents. The system will enable the Project proponents and the concerned State/Union Territory bodies like the State Coastal Zone Management Authorities (SCZMAs) and Municipal/Town Planning agencies in tracking the status of their proposals. The system is based on web architecture, similar to the existing systems in place for according environmental and forest clearances.

The Portal is a very user-friendly initiative, which enables submission of applications for CRZ clearance in a single-window interface and facilitates quick flow of information related to CRZ clearances. The portal allocates a unique identity for each proposal for all future references. It is accessible from any computer with internet facility.

The objectives of the web portal include - enhancing efficiency, transparency and accountability in the process of CRZ clearances; enhance responsiveness through workflows and availability of real-time information on the status of CRZ clearance proposals; ease of business and convenience of citizens in accessing information and services; standardised procedures and processes across Central and State levels.

There are other initiatives underway, like the notification of High Tide Line/Low Tide Line (HTL/LTL), ecologically sensitive areas falling under CRZ-1, hazard line etc. All these steps are aimed at minimising discretions and enhancing accountability at all levels.

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Kotak Bank scales record high as board approves hike in foreign investment limit
Mar 08,2017

The announcement was made during market hours today, 8 March 2017.

Meanwhile, the S&P BSE Sensex was down 150.84 points or 0.52% at 28,848.72

A large bulk deal of 2.77 crore shares was executed on the scrip at Rs 827 per share in opening trade on BSE. Bulk deal boosted volume on the scrip. On the BSE, 2.77 crore shares were traded on the counter so far as against the average daily volumes of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 839.75 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 820.05 so far during the day. The stock had hit a 52-week low of Rs 631.50 on 15 March 2016.

The stock had outperformed the market over the past one month till 7 March 2017, advancing 6.51% compared with the Sensexs 1.97% rise. The scrip had also outperformed the market over the past one quarter, gaining 11.55% as against the Sensexs 10.53% rise.

The large-cap bank has equity capital of Rs 919.93 crore. Face value per share is Rs 5.

Kotak Mahindra Banks net profit rose 38.6% to Rs 879.76 crore on 11.02% growth in total income to Rs 5377.83 crore in Q3 December 2016 over Q3 December 2015.

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

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Board of Hexaware Technologies approves scheme of amalgamation
Mar 08,2017

Hexaware Technologies announced that the Board of Directors at its meeting held on 08 March 2017 has approved scheme of amalgamation of Risk Technology International, a wholly owned subsidiary of Hexaware Technologies with Hexaware, subject to requisite approvals.

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Board of Hexaware Technologies approves scheme of amalgamation
Mar 08,2017

Hexaware Technologies announced that the Board of Directors at its meeting held on 08 March 2017 has approved scheme of amalgamation of Risk Technology International, a wholly owned subsidiary of Hexaware Technologies with Hexaware, subject to requisite approvals.

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Unichem Laboratories receives ANDA approval for Rizatriptan Benzoate ODT &
Mar 08,2017

Unichem Laboratories has received ANDA approval from the United States Food and Drug Administration (USFDA) for Rizatriptan Benzoate ODT 5mg & 10mg and Rizatriptan Benzoate Tablets USP, 5mg & 10mg which are therapeutically equivalent to Maxalt - MLT Tablets 5mg & 10mg and Maxalt Tablets 5mg 10mg of Merck & Company, Inc.

Rizatriptan Benzoate Tablets USP, 5mg & 10mg and Rizatriptan Benzoate ODT USP, 5mg & 10mg; is a serotonin (5-HT) 1B/1D receptor agonist (triptan) indicated for the acute treatment of migraine in adults and in pediatric patients 6 to 17 years of age.

The product will be commercialized from Unichems Goa plant. Active Pharmaceutical Ingredient will also be made in house at Roha API Plant.

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TCS ranked Top Employer for second consecutive year
Mar 08,2017

Tata Consultancy Services has been recognised as one of the worlds top employers by the Top Employer Institute for the second year running. TCS was certified by the independent body from amongst more than 1,200 companies in 116 countries around the world.

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Bharat Petroleum Corporation raises Rs 550 crore
Mar 08,2017

Bharat Petroleum Corporation has raised Rs. 550 crore through private placement of secured non-convertible debentures at a coupon of 7.35% p.a. payable semi-annually with a door to door maturity of 5 years on 07 March 2017. The proceeds will be utilized for funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred.

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Volumes jump at Warren Tea counter
Mar 08,2017

Warren Tea clocked volume of 22.96 lakh shares by 12:55 IST on BSE, a 753.63-times surge over two-week average daily volume of 3,000 shares. The stock was unchanged at Rs 141.

James Warren Tea notched up volume of 22.78 lakh shares, a 744.09-fold surge over two-week average daily volume of 3,000 shares. The stock jumped 10.01% at Rs 156.

Kotak Mahindra Bank saw volume of 2.77 crore shares, a 197.19-fold surge over two-week average daily volume of 1.41 lakh shares. The stock rose 0.73% at Rs 823.25 after a large bulk deal of 2.77 crore shares was executed on the scrip at Rs 827 per share in opening trade on BSE.

Aarti Industries clocked volume of 4.2 lakh shares, a 137.81-fold surge over two-week average daily volume of 3,000 shares. The stock jumped 4.99% at Rs 782.30.

AIA Engineering saw volume of 96,000 shares, a 42.43-fold rise over two-week average daily volume of 2,000 shares. The stock rose 0.03% at Rs 1,479.

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Chemiesynth (Vapi) to hold board meeting
Mar 08,2017

Chemiesynth (Vapi) will hold a meeting of the Board of Directors of the Company on 11 March 2017, to appoint CS Nitin Sarfare, Partner of M/s. HS Associates to conduct audit of secretarial records pursuant to Section 204 of the Companies Act, 2013. (for FY 2016-17) and to discuss requests received from shareholders of the company for issue of duplicate share certificates in lieu of lost/misplaced share certificates.

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Mega Nirman & Industries to hold board meeting
Mar 08,2017

Mega Nirman & Industries will hold a meeting of the Board of Directors of the Company on 15 March 2017.

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ETT to hold board meeting
Mar 08,2017

ETT will hold a meeting of the Board of Directors of the Company on 14 March 2017 to consider and approve the redemption of 6% non-cumulative non-participating redeemable preference shares of the Company (non-listed securities).

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