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Computer Point to hold board meeting
Oct 19,2016

Computer Point will hold a meeting of the Board of Directors of the Company on 28 October 2016 to take on record the Un-Audited financial results of the Company for the Quarter ended September 30, 2016.

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Amrit Corp. to hold board meeting
Oct 19,2016

Amrit Corp. will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider, examine and approve the Unaudited Financial Results of the Company for the quarter/half-year ended September 30, 2016.

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Shah Foods to hold board meeting
Oct 19,2016

Shah Foods will hold a meeting of the Board of Directors of the Company on 28 October 2016 to approve and take on record the un-audited results with limited review certificate for the Quarter ended on September 30, 2016.

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Banswara Syntex to hold board meeting
Oct 19,2016

Banswara Syntex will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and approve Unaudited Financial Results for the quarter ended on September 30, 2016.

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Subros to hold board meeting
Oct 19,2016

Subros will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider Unaudited quarterly financial results for the quarter ended September 30, 2016.

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Orissa Sponge Iron & Steel to hold AGM
Oct 19,2016

Orissa Sponge Iron & Steel announced that the 36th Annual General Meeting(AGM) of the company on 16 December 2016.

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Aviva Industries to hold board meeting
Oct 19,2016

Aviva Industries will hold a meeting of the Board of Directors of the Company on 28 October 2016 To consider and approve Unaudited Financial Results for the second quarter and half year ended on September 30, 2016.

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Tirupati Industries (India) appoints director
Oct 19,2016

Tirupati Industries (India) announced that the Board of Directors of the Company at its meeting held on 19 October 2016, have appointed N R Thange as an Additional Director (Executive) on the Board of the Company with immediate effect.

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Coal India announces demise of director
Oct 19,2016

Coal India announced that N. Kumar who was working as Director (Tech.) of the Company died on 18 October 2016 and hence ceased to be the Director of the Company.

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BEML announces change in company secretary & compliance officer
Oct 19,2016

BEML announced that S V Ravisekhar Rao is appointed as the Company Secretary and Compliance Officer of the Company on 19 October 2016 in place of M E V Selvamm, who had since resigned from the services of the Company.

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Moodys: Carbon reduction policies bring risk, opportunities for global unregulated utilities
Oct 19,2016

Global unregulated utilities and power companies, as the largest source of carbon emissions in most developed countries, will need to contribute a large share of the emission reductions agreed under the Paris Agreement , says Moodys Investors Service in a new report published today. However, generators with the right business mix may find opportunities, while supportive policies in some markets may ease the transition for those negatively affected. Moodys report, titled Global Unregulated Utilities and Power Companies: Carbon Transition Brings Risks and Opportunities, is available on www.moodys.com. Moodys subscribers can access this report via the link provided at the end of this press release. We expect to see a continued rise in renewable energy, more distributed generation, and overall lower growth in the demand for energy as a result of efficiency improvements. Disruptive technologies, including energy storage, could also challenge the economics of power generation businesses, says Graham Taylor, a Moodys Vice President -- Senior Analyst and one of the reports authors.

These trends have already had a material impact on the credit quality of some utilities, particularly in Europe, and will pose an increasing challenge for those with material exposure to higher-cost generation, adds Mr Taylor.

However, utilities with flexible generation, competitive advantage in developing renewables, or innovative service offerings may be better positioned to weather changes in the sector.

Moodys will consider utilities ability to adapt to changing policies and market conditions in its assessment of their credit quality. As a starting point, its assessment will use a central scenario consistent with the Nationally Determined Contributions (NDCs) agreed at the United Nations Paris Conference. In addition, Moodys analysis will also qualitatively consider a wider range of potential outcomes, depending upon either a more or less rapid carbon transition.

In its central scenario, Moodys expects a drop in revenues for power generators currently earning significant profits from selling electricity at market prices, as the growth of low-cost or subsidised renewable generation weighs on wholesale prices. Plants that are more carbon-intensive compared to their local market may also be unable to recover the higher costs imposed by carbon taxes and similar measures. However, even as generators with high variable costs are able to run profitably for increasingly short periods, efficient and flexible plants may benefit by balancing renewables.

We will also incorporate regional variations in the profitability of various fuels. For example, in the US low prices will drive strong demand for natural gas over the next decade despite it being a fossil fuel. Gas is seen as a less carbon-intensive bridge to a cleaner energy future, said Swami Venkataraman, Senior Vice-President and one of the reports authors.

Moodys recognises that disruptive technologies are likely to transform the electric system over time. Broader deployment of renewables as well as smart meters and appliances, distributed generation, energy storage and smart grids will challenge companies focused on centralised energy generation.

Utilities with regulated transmission and distribution networks and other sources of highly-predictable earnings may be more resilient, although these may also become more risky over time as distributed generation shifts the burden of network costs.

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Bharti Airtel introduces special 10GB data plan for Rs 249
Oct 19,2016

Bharti Airtel has introduced a special offer of 10GB 4G/ 3G data on recharge of Rs 249 along with any new 4G mobile handset.

The offer comprises of credit of 1 GB data instantly to customers account and additional 9GB data can be claimed by the customer through MyAirtel App. The data will be valid for 28 days. Users can avail of a maximum of three recharges within 90days, on the offer.

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Ashoka Buildcon receives LoI for work on rural electrification
Oct 19,2016

Ashoka Buildcon has received Letters of Intent (LOIs) from Dakshinanchal Vidyut Vitran Nigam (DVVNL) for execution of work on Rural Electrification on Turnkey basis under DDUGJY Scheme a GOI Scheme on behalf of DVVNL/Government of Uttar Pradesh for Aligarh and Kanpur Zones.

The aggregate accepted bid value of the Projects is Rs. 178.66 Crore.

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Pudumjee Industries gets revision in credit ratings
Oct 19,2016

Pudumjee Industries announced that CRISIL has revised the credit rating for bank facilities aggregating Rs 56 crore as follows -

Long term rating - CRISIL BBB+/ Stable (Downgraded from CRISIL A- ; removed from Watch with Developing Implications)

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ONGC fixes record date for interim dividend
Oct 19,2016

Oil & Natural Gas Corpn has fixed 05 November 2016 as the Record Date for the purpose of Payment of Interim Dividend, if any.

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