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Power Grid Corporation of India granted Unified License for providing telecom services
May 09,2017

Power Grid Corporation of India announced that Department of Telecommunications, Ministry of Communications, Govt. of India has granted Unified License to the Company with National Long Distance and Internet Service Provider - Category A Service Authorisations for providing Telecom Services. This license is valid for 20 years.

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Raj Packaging Industries awarded as SME achiever of 2015-16
May 08,2017

Raj Packaging Industries has been awarded as an SME achiever of 2015-16 by the SME forum.

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Claris Lifesciences to sell 20% stake in JV Otsuka Pharmaceutical India
May 08,2017

Claris Lifesciences announced that it has entered a definitive agreement with Otsuka Pharmaceutical Factory, Inc. (Japan) to sell its 20% stake in joint venture; Otsuka Pharmaceutical India (formerly known as Claris Otsuka), for a total consideration of USD 20 million.

The closure of the transaction is subject to regulatory approvals, including FIPB, after this CLL will not have any stake in Otsuka Pharmaceutical India.

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Parry Nutraceuticals Indian microalgae facility receives USFDA approval
May 08,2017

EID Parry (India) announced that Parry Nutraceuticals (a division of EID Parry and part of the Murugappa Group) has received the US FDA approval for its India facility for organic microalgae cultivation and processing. The fully organic, 130 acres - 600 TPA facility, locatedin Oonaiyur, Pudukottai district, Tamil Nadu, has received the Establishment Inspection Report (EIR) from the US-FDA following an inspection of the facility in July 2016.

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Skipper gets entry into Mexican Power Transmission market
May 08,2017

Skipper has been certified by The Equipment and Materials Test Laboratory (LAPEM) which is a Federal Electricity Commission (CFE) organization that provides specialized engineering studies, laboratory and field tests on equipment and materials, as well as quality management systems and supplies.

CFE is owned by the Mexican Government which generates, distributes and markets electric power, for supplying Power Transmission & Distribution structures to the Mexican Market. The certification was completed post visit of LAPEM representatives to the Companys manufacturing units for a rigorous audit of the manufacturing and quality processes.

With this certification Skipper now gets an entry into the highly potential Mexican Power Transmission market.

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Lakshmi Vilas Bank revises Base Rate to 10.15% p.a.
May 08,2017

Lakshmi Vilas Bank has revised the Base Rate from 10.40% to 10.15% p.a. with effect from 08 May 2017.

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Ramky Infrastructure bags road project valued Rs 336.60 crore
May 08,2017

Ramky Infrastructure has been awarded worth Rs 336.60 crore in the State of Jharkhand by NHAI on EPC contract. The project involves four laning of Barhi-Hazaribagh section of NH-33 under NHDP Phase - III.

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Gujarat Poly-Avx Electronics announces resignation of director
May 08,2017

Gujarat Poly-Avx Electronics announced that D D Patel, Director, Nominee of Gujarat Industrial Investment Company of the company has resigned as Nominee Director of the Company with effect from 11 July 2016.

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Mangalam Cement announces demise of director
May 08,2017

Mangalam Cement announced the sad demise of Amal Ganguli, Non Executive Independent Director on 08 May 2017.

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Shree Precoated Steels announces disposal of winding up order
May 08,2017

Shree Precoated Steels announced that winding up company petition filed by Sideralba S.P.A (petitioner) against the Company has been disposed off by the Honble High Court, Mumbai by its order dated 20 April 2017. Hence, the Company is out of liquidation process with immediate effect.

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Sang Froid Labs (India) announces resignation of director
May 08,2017

Sang Froid Labs (India) announced that Keyur Majmudar (DIN: 00656071), director of the Company has resigned from his post for personal reasons with effect from 08 May 2017.

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RBL Bank allots 629,167 equity shares
May 08,2017

RBL Bank has allotted 629,167 (Six Lac Twenty Nine Thousand One Hundred & Sixty Seven) equity shares of face value Rs. 10 each on May 6, 2017 under the ESOP Schemes of the Bank. Consequent to the above allotment, the paid up share capital of the Bank has increased from 375,203,136 equity shares of Rs. 10 each aggregating Rs. 3,752,031,360 to 375,832,303 equity shares of Rs. 10 each aggregating Rs. 3,758,323,030.

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South Indian Bank allots 5,82,816 equity shares
May 08,2017

South Indian Bank has allotted 5,82,816 Equity Shares of face value Re.1/- each pursuant to exercise of options granted under the South Indian Bank Employees Stock Option Scheme (SIB ESOS - 2008). Post the above allotment, the paid-up Equity share capital of the Bank would stand at Rs. 180,34,18,775/- consisting of 180,34,18,775 Equity shares of Re.1/- each.). These shares are pari-passu in all respects with the existing shares.

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CMI bags order worth Rs 36.24 crore from GETCO
May 08,2017

CMI has been awarded an order worth Rs 36.24 crore by Gujarat Energy Transmission Corporation for supply of 66 KV XLPE cables. The order is revene accretive and will be delivered within two quarters of 2017-18.

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Tech Mahindra allots 29800 equity shares
May 08,2017

Tech Mahindra has allotted 29800 equity shares of Rs 5 each of the Company under ESOP.

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