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Shipping Corporation of India takes delivery of secondhand Suezmax tanker
Apr 27,2017

Shipping Corporation of India has taken physical delivery of a secondhand Suezmax tanker of 158,710 DWT capacity - m.t. Desh Abhimaan (81,084 GT) on the 26 April 2017.

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Swaraj Engines to hold AGM
Apr 27,2017

Swaraj Engines announced that the Annual General Meeting (AGM) of the company will be held on 24 July 2017.

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Board of Swaraj Engines recommends final dividend
Apr 27,2017

Swaraj Engines announced that the Board of Directors of the Company at its meeting held on 25 April 2017, inter alia, have recommended the final dividend of Rs 18 per equity Share (i.e. 180%) , subject to the approval of the shareholders.

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Board of Swaraj Engines recommends special dividend
Apr 27,2017

Swaraj Engines announced that the Board of Directors of the Company at its meeting held on 25 April 2017, inter alia, have recommended the special dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Deep Diamond India to hold board meeting
Apr 27,2017

Deep Diamond India will hold a meeting of the Board of Directors of the Company on 2 May 2017, to change statutory auditor of the company.

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Union Bank of India gets ratings for proposed Tier I Bonds
Apr 27,2017

Union Bank of India announced that Brickwork Ratings India have assigned BWR AA+/Stable rating to the Banks proposed Basel III compliant Additional Tier I Bonds of Rs.1000 crore.

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Union Bank of India gets ratings assigned for proposed Tier I Bonds
Apr 27,2017

Union Bank of India announced that India Ratings and Research have assigned IND AA/Stable rating to the Banks proposed Basel III compliant Additional Tier I Bonds of Rs.1000 crore.

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Board of Sword & Shield Pharma approves scheme of amalgamation
Apr 27,2017

Sword & Shield Pharma announced that the Board of Directors at its meeting held on 26 April 2017, has proposed the Amalgamation in the nature of Merger of Praveg Communications (the Transferor Company or PCL) with Sword & Shield Pharma (the Transferee Company or SSPL or the Company), under Sections 230 to 232 of the Companies Act, 2013 and other applicable laws including the provisions of the Companies Act, 1956 to the extent applicable with the appointed date i.e. 01 April 2016. The same is subject to the approval of the Shareholders, the National Company Law Tribunal, Ahmedabad (NCLT) and all the other regulatory approvals.

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Edelweiss Financial Services gets ratings assigned for proposed CP programme
Apr 27,2017

Edelweiss Financial Services announced that ICRA has assigned the rating of [ICRA]A1+ (ICRA A one plus) to the proposed CP Programme of Rs. 3,500 crore of the Company.

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Infosys Launches Infosys Nian++
Apr 27,2017

Infosys announced the launch of Infosys Nia, the next-generation ArtificialIntelligence Platform building on the success of the Companys first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge. Together, both these products haveamassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations.

Infosys Nia converges the big data/analytics, machine learning, knowledge management, and cognitive automation capabilities of Mana; end-to-end RPA capabilities of AssistEdge; advanced, high-performanceand scalable machine learning capabilities of Skytree; and optical character recognition (OCR), natural language processing (NLP) capabilities and infrastructure management services. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs.

Infosys first-generation AI platform was about IT, simplification, efficiency and cost. Capabilities included socialization of organizational knowledge, deep analytics, service automation, automated incident rootcause analysis and others. The next generation platform, Infosys Nia, tackles break-through business problems such as forecasting revenues, forecasting what products need to be built, understanding customer behavior, deeply understanding the content of contracts and legal documents, understanding compliance, and fraud.

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Jubilant Industries provides operations update for JACPL in Gajraula
Apr 27,2017

Jubilant Industries announced that the National Green Tribunal (NGT) in a hearing on 26 April 2017 in a case relating to the pollution of the river Ganga and drainage canals leading into the river Ganga, has, by way of an oral pronouncement, ordered 13 industrial units situated in Gajraula near the river Bagad to immediately cease operations.

The order of the NGT applies to the units of Companys wholly owned material subsidiary, Jubilant Agri & Consumer Products (JACPL) in Gajraula.

A committee has been set up by the NGT to inspect amongst other things, the discharge of effluents by the affected industrial units and to provide a report. Each industry has been given an opportunity to respond to the report with an action plan to resolve any deficits identified by the committee, in order to resume operations, within a week of submission of the report.

While a written order of the NGT is awaited, JACPL will comply with the oral order of the NGT and will file its response to the report as submitted by the committee, along with an action plan to resolve deficits identified by the committee, if any, before the NGT shortly.

JACPL is environmentally conscious and as a good corporate citizen, is taking all necessary steps in this regard. JACPL operates its manufacturing facilities in Gajraula with zero liquid discharge and in compliance with all applicable laws and it is confident of meeting any requirements that the NGT may prescribe and resuming operations of its industrial units at Gajraula at the earliest.

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Lakshmi Vilas Bank appoints director
Apr 26,2017

Lakshmi Vilas Bank has appointed Hemant Kaul as Additional Director in the category of Non Executive and Independent Director of the Bank at the Board Meeting held on 26 April 2017.

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Reliance Industries enters into license agreement with Resysta
Apr 26,2017

Reliance Industries has entered into license agreement with Resysta International GmbH which gives RIL exclusive rights of production and marketing of RelWood, a natural fibre polymer composite in India. This compound will be the raw material for the production of sheets and various profiles used in a wide range of wood and plywood replacement applications.

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MphasiS announces schedule of activities for buyback of shares
Apr 26,2017

MphasiS announced the schedule of activities for buyback of upto 17,370,078 equity shares of the Company of face value of Rs 10 each at a price of Rs 635 crore per equity share.

Opening of Buyback offer - 12 May 2017
Closing of Buyback offer - 25 May 2017
Last date for payment consideration - 05 June 2017
Last date for extinguishment of equity shares bought back - 12 June 2017.

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Somany Ceramics provides update on subsidiary - Somany Sanitary Ware
Apr 26,2017

Somany Ceramics announced that the expansion of Sanitaryware Plant of Somany Sanitary Ware (a subsidiary of the Company) is successfully completed and commercial production has commenced from April 26th, 2017. As a result of this expansion, the capacity of plant has increased from 3.03 lakh pieces per annum to upto 11.50 lakh (1.15 Million) pieces per annum.

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