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Board of Kaya accepts resignation of CFO
Mar 06,2017

The Board of Directors of Kaya at its meeting held on 06 March 2017 has taken on record resignation of Dharmendar Jain - Chief Financial Officer, who had expressed his interest to pursue opportunities outside the organization. He will continue his services with the Company as the Chief Financial Officer till 21 April 2017.

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Sangam Advisors enters into agreement with Maharashtra Seamless
Mar 06,2017

Sangam Advisors has entered into agreement with Maharashtra Seamless to supply 1 MW power for 25 years. The Company will be setting up a solar power plant of 1 MW on the roof of the factory at Nagothane in the State of Maharashtra for the purpose.

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Jindal Poly Films director resigns
Mar 06,2017

Jindal Poly Films announced that Amit Jain, (DIN: 00028335), Non-Executive Independent Director has resigned from the Directorship of the Company and his resignation has been accepted by the Board in its meeting held on today, w.e.f 3 March 2017.

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PNC Infratech bags Chitradurga - Davanagere road project
Mar 06,2017

PNC Infratech has been declared the L1 (lowest) bidder for project of six laning Chitradurga - Davanagere including Chitradurga bypass, design chainage km 0.000 to km 20.700 and Km 208.000 to km 260.000 of NH 48 (Old NH-4) in the state of Karnataka under NHDP V on HYBRID ANNUITY MODEL.

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Riga Sugar Company gets revision in ratings for bank facilities
Mar 06,2017

Riga Sugar Company announced that CARE has reviewed the following credit ratings for bank facilities -

Long term bank facilities (Rs 124.80 crore) - CARE B+/ Stable (Revised from CARE B)

Short term bank facilities (Rs 5 crore) - CARE A4 (Reaffirmed)

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Axis Bank allots 3,54,880 equity shares
Mar 06,2017

Axis Bank has allotted 3,54,880 equity shares of Rs. 2/- each on 06 March 2017, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 478,58,75,006 (239,29,37,503 equity shares of Rs. 2/- each) to Rs. 478,65,84,766 (239,32,92,383 equity shares of Rs. 2/- each). You are requested to take the above on record.

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Kushal Tradelink fixes record date for bonus issue
Mar 06,2017

Kushal Tradelink has fixed 17 March 2017 as record date for the purpose of determining members entitled to Bonus shares.

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Bharat Electronics fixes record date for sub-division of shares
Mar 06,2017

Bharat Electronics has fixed 17 March 2017 as record date for determining the eligibility of shareholders with regard to Sub-division of equity shares of the Company.

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Windsor Machines bags 7th National Award for Technology Innovation
Mar 06,2017

Windsor Machines announced that, its KL Two Platen Machine Design based on Italtech Technology, has won the 7th National Award (2016-17) for Technology Innovation in various filed of Petrochemicals & Downstream Plastic Processing Industry organized by Ministry of Chemicals & Fertilizers.

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Board of Alfred Herbert (India) appoints director
Mar 06,2017

Alfred Herbert (India) announced that the Board of Directors of the Company have appointed Alka Bhandari as an Additional Director (Independent Non Executive) with effect from 27 February 2017 by passing a circular resolution on 27 February 2017.

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The Insolvency and Bankruptcy Board of India (IBBI) recognises two Insolvency Professional Entities (IPEs) under the Insolvency and Bankruptcy Code, 2
Mar 06,2017

The Insolvency and Bankruptcy Board of India (IBBI) has recently recognised two Insolvency Professional Entities (IPEs) as under: S. NoName of IPEConstitutionAddress

1

IRR Insolvency Professionals Private Limited

Limited Company

D-55, Defence Colony, New Delhi - 110024

2

AAA Insolvency Professionals LLP

Limited Liability Partnership

E-10A, Lower Ground Floor, Kailash Colony, New Delhi -110048

A limited liability partnership, a registered partnership firm or a company may be recognised by the IBBI as an IPE if (a) a majority of the partners of the limited liability partnership or registered partnership firm are registered as insolvency professionals (IPs); or (b) a majority of the whole-time directors of the company are registered as insolvency professionals, as the case may be. An IPE is jointly and severally liable for all acts or omissions of its partners or directors as IPs committed during such partnership or directorship.

The Insolvency Professionals (IPs) are registered and regulated by the IBBI. They have a critical role in transactions under the Insolvency and Bankruptcy Code, 2016 (Code). The Code and regulations made there under provide for strengthening their capacity on a continuous basis. For example, the Insolvency Professional Agencies (IPAs) are obliged to promote continuous professional development of professional members enrolled with them. Similarly, the IPs have been enabled to engage other professionals as may be necessary and to use organisational resources of an IPE of which he is a partner or whole time director, as the case may be, for servicing the transactions.

The Insolvency and Bankruptcy Code, 2016 is considered as the biggest economic reform next only to GST. It offers a market determined, time bound mechanism for orderly resolution of insolvency, wherever possible, and orderly exit, wherever required. The Code envisages an ecosystem comprising National Company Law Appellate Tribunal (NCLAT), National Company Law Tribunal (NCLT), Debt Recovery Appellate Tribunal (DRAT), Debt Recovery Tribunal (DRT), Insolvency and Bankruptcy Board of India (Board), Information Utilities (IUs), Insolvency Professionals (IPs), Insolvency Professional Agencies (IPAs) and Insolvency Professional Entities (IPEs) for implementation of the Code. With concerted efforts of all concerned, there has been considerable progress in terms of putting in place some of the key elements of the ecosystem and also operationalisation of provisions relating to corporate insolvency resolution and liquidation. The debtors and creditors alike have commenced transactions under the Code.

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Board of Atlas Jewellery India appoints director
Mar 06,2017

Atlas Jewellery India announced that the Board of Directors of the Company at its meeting held on 05 March 2017, have appointed Bashyakar Mattapalli (DIN 06738582) as Non-Executive Independent Director of the Company w.e.f. 05 March 2017.

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Wipro recognised as Best in Class Technology Provider for 2017
Mar 06,2017

Wipro announced that it has been recognised among the Best in Class Technology Providers 2017 in the Annual Readers choice issue of Consumer Goods Technology (CGT) magazine, published this February. Wipro has been recognised in the categories of outsourcing/ IT integration, Consulting and TPM (Wipro Promax Analytics Solutions).

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Arfin India secures order worth Rs 107 crore
Mar 06,2017

Arfin India has been bagged an order from JSW Steel worth around Rs.107 crore for supply to its three units located at Bellary, Dolvi & Salem for the financial year 2017-18.

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TechNVision Ventures announces demise of chairman
Mar 06,2017

TechNVision Ventures announced the sad demise of Parmeswara Rao Gundavell, Chairman on 06 March 2017.

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