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Tata Consultancy Services receives 15 Brandon Hall Group Awards
Feb 14,2017

Tata Consultancy Services has been awarded 15 Brandon Hall Group awards across five human categories at the Brandon Hall Groups HCM Excellence Awards 2016.

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Resonance Specialties enters into agreement with Tata Consultancy Services
Feb 14,2017

Resonance Specialties has entered into an agreement with Tata Consultancy Services (TCS), to avail its iON manufacturing Solution.

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Shrenuj & Company announces resignation of director
Feb 14,2017

Shrenuj & Company announced that H. E. Festus G. Mogae, Independent Director of the Company has tendered his resignation from the Board due to the responsibilities that he has to handle in the Republic of South Sudan and African Union as a Chairman of the Joint Monitoring and Evaluation Commission on the implementation of the Agreement on the resolution of the conflict in South Sudan. The resignation will be effective from 13 February 2017.

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Board of Centum Electronics approves allotment of shares under ESOP
Feb 14,2017

Centum Electronics announced that the Board of Directors of the company at its meeting held on 14 February 2017 have considered and approved the below:

1. Allotment of 6,542 equity shares to the employees pursuant to exercise of stock options granted to them under Centum ESOP 2007 & ESOP 2013 Plan.

The employees as listed in the enclosed have been allotted the shares and disclosure is being made in compliance with regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations and other applicable laws including Takeover Code.

2. Declaration of Interim dividend at Rs. 2/- per share on the paid up share capital of the Company. The dividend will be paid on 27 February 2017.

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Board of REC approves sale of shares of NER II Transmission held by REC Transmission Projects Company
Feb 14,2017

Rural Electrification Corporation announced that subject to approval of the Ministry of Power, Government of India, the Board of Directors of Rural Electrification Corporation (REC) in its meeting held on 14 February 2017 has approved the proposal of sale and transfer of 50,000 Equity shares of NER II Transmission held by REC Transmission Projects Company (a wholly owned subsidiary of REC) to Sterlite Grid 4.

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Fitch: Number of AAA-Rated Countries Lowest Since 2003
Feb 14,2017

The number of Fitch-rated sovereigns with AAA ratings is at its lowest level since 2003 and is expected to remain unchanged over the next two years, says Fitch Ratings.

Eleven countries have AAA status, compared with an all-time high of 16 during 2004 to 2009, reflecting the longer term impact of the global financial crisis.

This is less than 10% of Fitchs global sovereign portfolio, the smallest ever share for the rating category, and consistent with AAA sovereigns now accounting for 40% of global government debt at end-2016, down from 48% a decade ago, said James McCormack, Global Head of Sovereign Ratings at Fitch.

All Fitchs AAA sovereigns have a Stable Outlook, suggesting we do not anticipate downgrades in the coming 12 to 24 months. Furthermore, no AA+ rated sovereign has a Positive Outlook, suggesting upgrades to AAA are unlikely over the same time-frame.

Japan was the first sovereign to lose its AAA rating in 1998, followed by another six in the aftermath of the global financial crisis over the seven years since 2009. These are: Austria (AA+/Stable), Finland (AA+/Stable), France (AA/Stable), Ireland (A/Stable), Spain (BBB+/Stable) and the UK (AA/Negative).

Australia is the only sovereign to have been upgraded to AAA in the last decade, in November 2011. No former AAA sovereign has ever regained its AAA status, although we have upgraded Spain and Ireland from their post-crisis lows.

AAA remains our most stable rating. Fitchs latest transition and default study shows the average annual transition rate for AAA sovereigns over the past 20 years was 2.5%, or that 97.5% of sovereigns that start the year at AAA remain there over the next 12 months, added McCormack.

Fitchs AAA sovereigns are: Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland and the United States.

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FPIs continue buying
Feb 14,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 300.94 crore from the secondary equity markets yesterday, 13 February 2017, compared with net inflow of Rs 553.84 crore during the preceding trading session on 10 February 2017. The net inflow of Rs 300.94 crore on 13 February 2017 was a result of gross purchases of Rs 3875.96 crore and gross sales of Rs 3575.02 crore. On that day, the Sensex rose 17.37 points or 0.06% to settle at 28,351.62, its highest closing level since 6 February 2017.

There was an inflow of Rs 16.91 crore into the category primary market & others on 13 February 2017, which was a result of gross purchases of Rs 17.39 crore and gross sales of Rs 0.48 crore.

FPIs have bought stocks worth a net Rs 1651.78 crore in February 2017 so far (till 13 February 2017). They sold stocks worth a net Rs 1315.13 crore in January 2017. FPIs have purchased shares worth a net Rs 336.65 crore from the secondary equity markets in calendar year 2017 (till 13 February 2017). FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 1309.63 crore from FPIs from the category primary market & others in February 2017 so far (till 13 February 2017). There was a net inflow of Rs 138.53 crore from FPIs from the category primary market & others in January 2017. FPIs have purchased shares worth a net Rs 1448.16 crore from the primary markets & others in calendar year 2017 (till 13 February 2017). The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Emmsons International appoints company secretary
Feb 14,2017

Emmsons International announced that Sandhya Kedia, Company Secretary, has been appointed as the Company Secretary and Compliance Officer of the Company with effect from 01 February 2017.

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Sujana Towers renamed as Neueon Towers
Feb 14,2017

Sujana Towers announced that the Company changed its name from SUJANA TOWERS to NEUEON TOWERS, the same has been approved by the both Stock Exchanges where the Shares of the Company are listed i.e. BSE and National Stock Exchange of India vide Notice dt. 13 February 2017 (BSE) and vide dt. 13 February 2017 (NSE) with effect from 17 February 2017 (Both Exchanges) respectively.

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Gujarat Natural Resources appoints director
Feb 14,2017

Gujarat Natural Resources announced that Paval Makani has been appointed as additional, Independent Non-Executive, Director of the Company with effect from 14 February 2017.

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Eldeco Housing & Industries fixes record date for interim dividend
Feb 14,2017

Eldeco Housing & Industries has fixed 24 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Websol Energy System provides financial update
Feb 14,2017

Websol Energy System announced that the Company at its meeting held 14 February 2017 has recorded the NOC received from EXIM bank and ICICI Bank for the amount paid pursuant to OTS arrived with both the banks.

The Company has entered into one time settlement with HDFC Bank, Standard Chartered Bank and ARCIL. Payments have already been started from the schedule date. Last instalment falls due on or before 31 March 2017 of HDFC Bank and Standard Chartered Bank. Payment to ARCIL falls due on or before 30 April 2017.

Allahabad bank has assigned their entire loan to Invent ARC. Subsequently company has entered into one time settlement with Invent ARC. Their last instalment falls due on 30 June 2021.

Further, the Company is in discussion with its other two lenders for settlement of their debts.

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Sinner Energy India announces change in CFO
Feb 14,2017

Sinner Energy India announced that the Board of Directors of the Company has taken on record resignation of Kavita Purandare from post of CFO and appointed Mahesh Raut, MD as CFO of the Company.

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Board of Nitco accepts resignation of director
Feb 14,2017

Nitco announced that the Board of directors of the Company at their meeting held on 14 February 2017 has approved the Resignation Letter received from Rohan Talwar, Non- executive Non-Independent Director of the Company who has expressed his desire to resign from the services of the Company due to his pre-occupation with Hospitality business overseas. The board accepted the letter with immediate effect and wished him luck for his future endeavours.

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Board of Dewan Housing Finance Corporation approves sale of 100% stake in DPLI to DHFL Investments
Feb 14,2017

Dewan Housing Finance Corporation announced that the Board of Directors of the Company at its meeting held on 14 February 2017 approved the entering into of definitive agreements for the sale of 100% of the shares held by the Company in DHFL Pramerica Life Insurance Company (DPLI) to its wholly owned subsidiary DHFL Investments. The additional capital so raised by the Company will be deployed towards expansion of the Companys core business and/ or repayment of its high cost borrowings.

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