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Vaibhav Global appoints director
Mar 08,2017

Vaibhav Global announced that the Board of Directors of the Company has appointed Sunil Goyal (DIN: 00110601) as an Additional Director under the category of Non-Executive Independent Director w.e.f 08 March 2017 by a circular resolution.

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Raiffeisen chooses iGTB to provide digital trade finance platform
Mar 08,2017

Intellect Design Arena announced that iGTB, its global transaction banking division, five Austrian Raiffeisen Regional Banks and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade platform.

The iGTB solution enables Raiffeisen to automate its operations better and adapt to continuing business and market demands.

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Salzer Electronics gets Energy Service Company grading
Mar 08,2017

Salzer Electronics announced that CRISIL has assigned ESCO (Energy Service Company) Grading as CRISIL -BEE Grade 1 to the Company which indicates Very High ability of the Company to carry out energy efficiency audits and undertake energy efficiency projects.

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ISGEC Heavy Engineering to incorporate wholly owned subsidiary in Canada
Mar 08,2017

ISGEC Heavy Engineering has decided to incorporate a Wholly Owned Subsidiary Company in Canada with the name and style of ISGEC Canada. The Subsidiary Company is being incorporated to expand the business of the Company in that part of the world by having manufacturing operations by acquiring assets or an existing company.

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Shriram City Union Finance allots 3,500 equity shares
Mar 08,2017

Shriram City Union Finance has allotted 3,500 Equity Shares of Rs 35 each (including Rs 25 as premium) to A M Ramana and Krithika Doraiswamy, employees of the Company who exercised their options under ESOP Scheme 2006.

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GNA Axles gets upgradation in credit ratings
Mar 08,2017

GNA Axles announced that Credit Analysis & Research has upgraded the credit rating in respect of, Long Term Bank Facilities and Fund Based Limits of Rs. 163.37 crore from CARE A- (Single A minus) to CARE A; Stable (Single A; outlook stable, and Short Term Bank Facilities - Non Fund Based from CARE A2+ (A two plus) to CARE A1 (A One).

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Outcome of board meeting of Manvijay Development Company
Mar 08,2017

Manvijay Development Company announced that the Board of Directors of the Company at its meeting held on 08 March 2017 transacted the following -

1. The Board decided to undertake activities of specialized NBFCs as Core Investment Companies (CICs) by discontinuing the activities of Realty Estate business.

2. to make Investment upto Rs. 4.50 crore (approx) in the Preses Constructions Solutions.

3. Appointment M/s. Ferrao MSR & Associates as Secretarial Auditor of the Company for the Secretarial Audit for Financial Year 2016-2017.

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Coffee Day Enterprises to hold board meeting
Mar 08,2017

Coffee Day Enterprises will hold a meeting of the Board of Directors of the Company on 11 March 2017, to consider the Issuance of Rated, Redeemable, Secured, Un-listed Non-convertible Debentures for an amount not exceeding Rs. INR 3050 Million.

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Board of NILE recommends dividend
Mar 08,2017

NILE announced that the Board of Directors of the Company at its meeting held on 8 March 2017, inter alia, have recommended the dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Tamil Nadu Newsprint & Papers stops production in Paper Machine II
Mar 08,2017

Tamil Nadu Newsprint & Papers has stopped production in paper machine II (PM II), in unit I (Karur) from 07 March 2017 afternoon. The other two paper machines are in operations. The production in PM II will be resumed on availability of water.

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Mastek allots 28,754 equity shares
Mar 08,2017

Mastek announced that the Stakeholder Relationship Committee has allotted 28,754 Equity Shares of Rs. 5/- each (Face Value) to the eligible employees who exercised their vested options under the Companys Employee Stock Option Schemes (ESOP).

The said equity shares shall rank pari-passu with the existing equity shares of the Company in all respects. Resultantly, the paid up share capital of the Company stands increased to 2,33,77,533 Equity Shares amounting in aggregate to Rs. 11,68,87,665/- You are requested to kindly take the same on record.

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Wipro joins LoRa Alliancen++
Mar 08,2017

Wipro announced that it has become a member of the LoRa Alliance, one of the fastest growing Internet of Things (IoT) alliances with over 400 members. This membership will help Wirpo accelerate its Internet of Things (IoT) solution deployments, using Low Power Wide Area Networks (LPWAN) technology for customers across industry sectors such as energy, utilities, natural resources, smart cities, ports and logistics.

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Housing Development Finance Corporation allots 11,96,155 equity shares
Mar 08,2017

Housing Development Finance Corporation has allotted 11,96,155 equity shares of Rs 2 each pursuant to exercise of stock option by certain employers/ directors.

Post the above allotment, the paid up equity share capital of the Company would stand at Rs 317.42 crore consisting of 158,71,33,535 equity shares of Rs 2 wach.

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Shree Ajit Pulp And Paper gets reaffirmation of credit ratings
Mar 08,2017

Shree Ajit Pulp And Paper announced that ICRA has re-affirmed its rating A- (ICRA A Minus) for Long Term Rating and A2+ (ICRA A Two Plus) for Short Term Rating of the Company. The outlook has been revised from Stable to Negative.

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Board of Saianand Commercial appoints directors
Mar 08,2017

Saianand Commercial announced that the Board of Directors of the Company at its meeting held on 08 March 2017 considered the following - To appoint Vikram Champaklal Sanghvi, Jitendra Babulal Shah and Karishma Vikram Sanghvi as additional directors of the Company with effect from 08 March 2017.

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