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Bajaj Auto announces sales figures
Dec 02,2016

Bajaj Auto has reported total sales of 269948 units in November 2016 compared to 309673 units in November 2015, recording a decline of 13%.

Total sales include domestic sales of 154523 units and exports of 115425 units in November 2016.

Total sales include motorcycle sales of 237757 units and commercial vehicle sales of 32191 units, registering decline of 12% and 17% respectively in November 2016 compared to corresponding period of previous year.

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Expansion of Aircraft-Passenger Handling Capacity of IGI Airport
Dec 02,2016

The revised Master Plan, 2016 for IGI Airport Delhi has been finalized in May, 2016. The Master Plan 2016 proposes further development of landside, terminals and airside facilities to correspond to the projected traffic growth in next 20 years. It also proposes expansion of passenger handling capacity of IGI Airport from existing 62 MPPA to 109.3 MPPA in a phased manner.

As per Schedule 1 of Operation Management and Development Agreement signed between Airports Authority of India (AAI) and Delhi International Airport (DIAL), the airport operator have to follow IATA Airport Development Reference Manual with regard to design of airport facilities.

DIAL has recently engaged NATS, a UK firm which is a global provider of air traffic management consulting services. As part of their engagement, NATS will collaborate with the Airports Authority of India (AA), Air Navigation staff to identify procedures and air space enhancements to maximize the aircraft handling capacity of IGI Airport. This engagement has recently commenced and is a multi-phased project which will be completed over the next twelve months.

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Wipro in focus after securing contract from Woodside
Dec 02,2016

Wipro said that it has been awarded a three-year IT infrastructure services and digital transformation contract by Woodside, an Australian oil and gas company. The announcement was made after market hours yesterday, 1 December 2016.

Reliance Industries (RIL) will be in spotlight as the companys telecom unit Reliance Jio Infocomm (Jio) announced that it has crossed 5 crore subscribers in just 83 days from commencement of services on 5 September 2016. The average rate of addition of 6 lakh subscribers per day is the fastest achieved by any technology company in the world including the likes of Facebook, WhatsApp and Skype. The announcement hit the exchanges at the fag end of the market hours yesterday, 1 December 2016.

On this occasion, Jio also announced the launch of Jio Happy New Year Offer (JNO), which will be effective from 4 December 2016. All the Jio subscribers will be entitled to certain special benefits under the JNO, which shall comprise of Jios Data, Voice, Video and the full bouquet of Jio applications and content, absolutely free, up to 31 March 2017. During this offer period, Jio and Jio customers, will be able to continue the journey of co-creating and building the best network experience together.

The benefits will be available to all subscribers signing up for Jio services up to 3 March 2017. The existing Jio Welcome Offer (JWO) users will continue to enjoy the unlimited benefits under JWO up to 31 December 2016, following which they would be automatically signed-up for the JNO as well. Reliance Jio Infocomm, doing business as Jio, is a LTE mobile network operator in India. It is a wholly owned subsidiary of RIL.

IndusInd Bank announced that it proposes to raise funds by issue and allotment of senior unsecured redeemable non-convertible long term bonds in the nature of debentures (infrastructure bonds) for cash aggregating to Rs 1500 crore on private placement basis. The said borrowing shall be within the overall borrowing limits of the bank as may be approved by the shareholders from time to time. The announcement was made after market hours yesterday, 1 December 2016.

Coal India and its subsidiaries achieved 93% of targeted production at 50 million tonnes in November 2016. The company achieved 97% of targeted offtake at 48.16 million tonnes in November 2016. The announcement was made after market hours yesterday, 1 December 2016.

Tata Motors announced that its passenger and commercial vehicle total sales (including exports) in November 2016 were at 38,900 units, almost flat compared with 38,918 vehicles sold in November 2015. The announcement was made after market hours yesterday, 1 December 2016.

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No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance
Dec 02,2016

In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery and ornaments, the following points are hereby categorically clarified:

(a) There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance

(b) Vide circular dated 11 May 1994, instructions have been issued in the matter of search and seizure of gold jewellery.

(c) Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100 gm for male member will not be seized, even if prima facie, it does not seem to be matching with the income record of the assesse.

(e) Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs and traditions.

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5791.54 MU Electricity generated by Cumulative Solar Installations till September 2016
Dec 01,2016

As per information received from Central Electricity Authority (CEA), 5791.54 MU electricity is produced by cumulative solar installations in the country from April 2016 to September 2016.

Quantum of electricity produced by cumulative solar installations in the country is given below

YearEnergy generation (MU)2015-167447.922016-17 *5791.54

* from April-2016 to September, 2016.

Also, comparative percentage of solar energy produced during the last three years and the current year of all renewable energy generation during the period is given below:-

YearSolar Energy generation (MU)Total Renewable Energy generation (MU)% of Solar energy produced2013-143353.8053224.506.3%2014-154599.0261784.937.4%2015-167447.9265780.8511.3%2016-17*5791.5447627.2912.2%

* from April-2016 to September, 2016. (Tentative data received from CEA)

The grid connected solar power  installation capacity during the last three years is given below:

YearSolar Capacity Installed in MW2013-14947.462014-151112.072015-163018.882016-171965

(as on 31.10.2016)

The infrastructure for power evacuation and transmission is taken by state and Centre Transmission Utilities. Government has taken up project for development of Green Energy Corridors in 8 States dedicated for Renewable Energy including Solar energy. The Indian solar market is growing in size, he added.

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Bharatiya Global Infomedia announces change in CFO
Dec 01,2016

Bharatiya Global Infomedia announced that the following:

1. Bharti Partha Saha has resigned from the post of Chief Financial officer due to her preoccupancies.

2. The Company has appointed Sudhir Kumar Singh as a chief Financial officer.

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Mayur Floorings appoints company secretary cum compliance officer
Dec 01,2016

Mayur Floorings has appointed Company Secretary cum Compliance Officer w.e.f 21 November 2016.

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Reliance Jio Infocomm provides business update
Dec 01,2016

Reliance Jio Infocomm announced that it has crossed 50 million subscribers in just 83 days from commencement of services on5 September 2016. The average rate of addition of 6 lakh subscribers per day is the fastest achieved by any technology company in the world including the likes of Facebook, WhatsApp and Skype.

Jio has successfully rolled out eKYC across 2 lakh outlets in India, thereby allowing activation of SIM to get completed in under 5 minutes. More than 95% of the activations are being done in a paperless manner through eKYC. The Company is in the process of doubling the network,to 4 lakh digitally enabled outlets by March 2017.

Jio customers can benefit from the Mobile Number Portability facility such that they can retain their existing number when they migrate to Jio. Jio has also introduced Home Delivery of Jio SIMs, so that the enterprise and high-end customers can get a Jio SIM home-delivered and activated in 5 minutes through eKYC. This feature is being progressively launched acrossIndia through MyJio application and will be available in top 100 cities by 31 December 2016.

Jio also announced the launch of Jio Happy New Year Offer (n++JNOn++), which will be effective from 4 December 2016. All the Jio subscribers will be entitled to certain special benefits under the JNO, which shall comprise of Jios Data, Voice, Video and the full bouquet of Jio applications and content, absolutely free, up to 31 March 2017.

The benefits will be available to all subscribers signing up for Jio services up to 3 March 2017. The existing Jio Welcome Offer (n++JWO) users will continue to enjoy the unlimited benefits under JWO up to 31 December 2016, following which they would be automatically signed-up for the JNO as well.

Jio also announced the launch of the Jio Money Merchant Solution. This solution provides access to Jios suite of services, including customised offerings such as digital money, for a very important segment of the Indian economy. This will enable digital transactions of all types,whether they be at Mandis, small shops, restaurants, Railway ticket counters, for Bus and mass transit and even for person-to-person money transfers.

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Indo Amines announces resignation of director
Dec 01,2016

Indo Amines announced that Suresh Iyer has resigned as the Independent Director w.e.f 28 November 2016.

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Navkar Corporation announces demise of director
Dec 01,2016

Navkar Corporation announced about the sad demise of Rameshchandra Meghraj Purohit, Non-Executive Independent Director of the Company, on 30 November 2016.

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Triton Valves wins Q Award (Quality Gold Consistency Award)
Dec 01,2016

Triton Valves announced that the Company received the Q Award (Quality Gold Consistency Award) from Bajaj Auto. The Award was received by Aditya. M Gokarn - Managing Director of the Company on 30 November 2016 at the event held in Pune.

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Tinna Rubber & Infrastructure appoints company secretary
Dec 01,2016

Tinna Rubber & Infrastructure announced that K.C. Madan is being appointed as Company Secretary and Compliance officer of the Company with effect from 01 December 2016

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Murad Properties & Projects announces resignation of company secretary
Dec 01,2016

Murad Properties & Projects announced that Ankit Vinod Bansal was resigned from the post of Company Secretary of the company with effect from 30 November 2016.

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Multi Commodity Exchange of India gets SEBI approval for appointment of Chairman
Dec 01,2016

Multi Commodity Exchange of India announced that SEBI vide its letter dated 01 December 2016 has accorded its approval to the appointment of Saurabh Chandra as Chairman of the Governing Board of the Company in terms of the Clause 6.3.3 of SEBI circular dated 13 December 2012.

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Rupee marches further ahead
Dec 01,2016

Rupee closed higher at 68.34/35 per dollar on Thursday (01st December 2016), versus its previous close of 68.39/40 per dollar.

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