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Bajaj Auto announces sales figures
Jan 02,2017

Bajaj Auto recorded total sales of 225,529 units in month of December 2016 compared to 289,003 units in December 2015, registering a decline of 22%. Total sales include domestic sales of 119,725 units and exports of 105,804 units, both declining 17% and 27% respectively compared to corresponding month of previous year.

For the period April-December 2016, total sales stood at 2,878,323 units, a decline of 5% compared to corresponding period of previous year.

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Maruti Suzuki India announces sales figures
Jan 02,2017

Maruti Suzuki India registered total sales of 117,908 units in December 2016 compared to 119,149 units in December 2015, recording a decline of 1%.

The company clocked domestic sales of 106,414 units in December 2016 compared to 111,333 units in December 2015, recording a decline of 4.4%.

Exports for the month of December 2016 grew 47.1% to 11,494 units compared to 7816 units in December 2015.

For the period April-December 2016, total sales grew 8% to 1,154,164 units compared to the corresponding period of previous year.

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Lakshmi Vilas Bank provides update on QIP issue
Jan 02,2017

Lakshmi Vilas Bank announced that in respect of the QIP, the Committee of Directors for Capital Raising of the Bank (the Committee) at its meeting held on 31 December 2016, has inter alia, passed the following resolutions:

a. Approved the closure of the QIP on 31 December 2016;

b. Approved the issue price of Rs. 140.00 per Equity Share (including premium of Rs. 130.00 per Equity Share), which is at a discount of Rs. 1.15 per Equity Share, to the Floor Price of Rs. 141.15 per Equity Share, for the issuance and allocation of 1,19,85,138 Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP aggregating upto Rs. 167.8 crore; and

c. Approved and adopted the placement document dated 31 December 2016, in connection with the QIP.

d. Approved the issue of Confirmation of Allocation Notes (CANs) to the qualified institutional buyers.

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Bombay Dyeing & Manufacturing Company enters into agreement to sell land & building and flat
Jan 02,2017

Bombay Dyeing & Manufacturing Company announced that pursuant to the approval of the Committee of the Board the Company has entered into an Agreement for sale of;

1. MIDC Land & Building and some specific utility machineries of Ranjangaon unit situated at Ranjangaon, District - Pune, Maharashtra, at an aggregate value of Rs. 174.45 crore 31 December 2016.

2. A Company owned Flat at Beach Towers, Prabhadevi, Mumbai at a value of Rs.9.4 crore on 31 December 2016.

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Mahindra CIE Automotive to announce December quarter and FY results
Jan 02,2017

Mahindra CIE Automotive announced that a meeting of the Board of Directors of the Company will be held on 23 February 2017, inter alia, to consider and approve the audited Financial Results of the Company (Standalone and Consolidated) for the quarter and Financial Year ended 31 December 2016.

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Punjab National Bank reduces MCLR rates
Jan 02,2017

Punjab National Bank has reduced the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 January 2017 as under -

Overnight - 8.20%
One month - 8.25%
Three months - 8.35%
Six months - 8.40%
One year - 8.45%
Three years - 8.60%
Five years - 8.75%

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Mahanagar Gas launches CNG-fueled Two-Wheelers in Mumbai
Jan 02,2017

Mahanagar Gas in association with Eco Fuel (Indian Partners of Lovato, Italy) launched CNG fueled two wheeler on 01 January 2017.

The CNG kit for two wheelers comprises of two cylinders of 1.2 kg each, which can run up to 120 km to 130 km per kg at an approximate cost of Rs 0.60 per km per single fill. In the initial phase, the scooters will be retrofitted with a CNG kit manufactured by Lavato.

Additionally, Mahanagar Gas has also launched MGL Connect Mobile App (available on Google Play Store).

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Coal India announces provisional production and offtake figures
Jan 02,2017

Coal India announced the provision production and offtake performance of the Company and its subsidiaries for the month of December 2016 and for April-December 2016.

Coal production was 96% of targeted production at 54.20 million tonnes in December 2016 and coal offtake was 98% of target at 51.46 million tonnes in December 2016.

Coal product was 90% of targeted production at 377.77 million tonnes for the period April-December 2016 and coal offtake was 90% of target at 391.78 million tonnes for the period April-December 2016.

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Board of RCI Industries & Technologies approves preferential issue of shares
Dec 30,2016

RCI Industries & Technologies announced that the Board of Directors of the Company at meeting held on 30 December 2016 considered and ue approved issue of 22 lakh equity shares of Rs 10 each on preferential basis to promoter. The Board has fixed EGM on 03 February 2017.

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Board of Shilpi Cable Technologies approves acquisition of UAE based company
Dec 30,2016

Shilpi Cable Technologies announced that Board of Directors of the Company in their meeting held on 30 December 2016, approved:

- Acquisition of 100% shareholding of Gulf Aglow LED Lighting FZCO (GAL), a UAE based company incorporated within the laws of UAE. The GAL is engaged in the manufacturing of lighting products.

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Speciality Restaurants provides operations update
Dec 30,2016

Speciality Restaurants announced that the Company has converted Shacks restaurant to Hoppipola located at Mani Square, 4th Floor, Shop Nos. 403/404, 164/1, Manicktala Main Road, (EM Bypass), Kolkata - 700054 with effect from 29 December 2016.

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Premier Explosives bags order from Ministry of Defence
Dec 30,2016

Premier Explosives has bagged an order from Air Head Quarters, Ministry of Defence for supply of Chaffs and flares worth Rs 33.18 crore.

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Karnataka Bank appoints director
Dec 30,2016

Karnataka Bank has appointed Dharmasthala Surendra Kumar as Additional Director at board meeting held on 29 December 2016.

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Tata Teleservices (Maharashtra) gets downgrad in long term issuer rating
Dec 30,2016

Tata Teleservices (Maharashtra) announced that India Ratings & Research (Ind-Ra) has downgraded the rating on the Long-Term Issuer Rating and the rating on Rs 750 crore Non-Convertible Debentures of the Company to IND A from IND A+ and the Outlook is Negative.

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Jubilant FoodWorks grants stock options
Dec 30,2016

Jubilant FoodWorks announced that the Nomination, Remuneration and Compensation Committee of the Company has, in its meeting held on 30 December 2016 granted 10,272 and 14,528 stock options under the JFL Employees Stock Option Scheme, 2011 and JFL Employees Stock Option Scheme 2016, respectively.

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