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L&T in focus after strong Q2 results
Nov 23,2016

Engineering & construction major L&Ts consolidated net profit jumped 84.31% to Rs 1434.63 crore on 8.73% growth in total income to Rs 25491.96 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 22 November 2016.

The companys consolidated profit after tax (PAT) before exceptional items rose 41% to Rs 1032 crore in Q2 September 2016 over Q2 September 2015. As a part of implementation of its strategic plan, the company has divested the General Insurance business. Gross revenue on consolidated basis rose 8.2% to Rs 25011 crore in Q2 September 2016 over Q2 September 2015. Consolidated order inflow increased by 11% year on year (YoY) to Rs 31119 crore in Q2 September 2016. International orders constituted 24% of the total order inflow. Consolidated order book stood at Rs 251773 crore as on 30 September 2016, higher by 4% on YoY basis. International order book constituted 29% of the total order book.

On the business outlook, L&T said, it has integrated range of comprehensive offerings in its various operating segments and is implementing its strategic plan of profitable growth and higher return on equity. On the international front, the company continues to strengthen its position and pursue select prospects in the core infrastructure and energy sector. L&T said, it is well placed to benefit from the emerging opportunities and sustain its leadership position across the sectors.

Bharti Airtel after market hours yesterday, 22 November 2016 announced that it has successfully completed the acquisition of rights to use 20 MHz of spectrum in 2300 Band ( BWA) from Aircel, for Andhra Pradesh circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines). With this, Bharti Airtel has completed the transaction in all 8 telecom circles.

Sun Pharmaceutical Industries (Sun Pharma) announced before trading hours today, 23 November 2016, the execution of definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1% of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region. The equity consideration for the 85.1% stake is $24 million. Sun Pharma would also assume a debt of approximately $36 million as part of this transaction. Biosintez is a Russian pharmaceutical company focusing on the hospital segment with annual revenues of approximately $52 million for 2015. It has a manufacturing facility in Penza region with capabilities to manufacture a wide variety of dosage forms including pharmaceuticals for injections, blood substitutes, blood preservatives, ampoules, tablets, ointment, creams, gels, suppositories, APIs, etc.

The transaction, expected to be completed by end of 2016, is subject to approval of the Russian Federal AntiMonopoly Service and other closing conditions. As per IMS (MAT September 2016), the Russian pharmaceutical market recorded sales of approximately $10 billion. The market recorded a growth of 7.4% in local currency terms as per IMS.

In a separate announcement after market hours yesterday, 22 November 2016, Sun Pharma said it received a letter from the Chief Financial Officer (CFO), Uday Baldota that he would be tendering his resignation as the CFO of Sun Pharmaceutical Industries to be effective with effect from in and around April 2017 due to his shifting to United States of America in and around April 2017 to look after the business of Taro Pharmaceutical Industries, a subsidiary of Sun Pharmaceutical Industries as its Chief Executive Officer.

Gujarat Industries Power Company (GIPCL) announced that it has commissioned two more wind turbine generators (WTGs) of 2.1 megawatts (MW) each at the Nakhatrana wind farm site at Kutch district in Gujarat. Gujarat Energy Development Agency (GEDA) has issued Certificates of Commissioning of WTGs. With the commissioning of two WTGs, GIPCL has now commissioned all the ten WTGs of the 21 MW wind farm at Nakhatrana wind farm site. The announcement was made after market hours yesterday, 22 November 2016.

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A2Z Infra Engineering provides update on subsidiary
Nov 22,2016

A2Z Infra Engineering announced that the Companys subsidiary Company A2Z Green Waste Management (previously known as A2Z Infrastructure) (A2Z Green), has on 19 November 2016, agreed to a framework with one of its lenders for a settlement of its various debt obligation aggregating to INR 416.18 crore.

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Niraj Cement Structurals announces resignation of company secretary
Nov 22,2016

Niraj Cement Structurals announced Ravindra Kumar Rawal, Company Secretary of the Company resigned from the post of Company Secretary of the Company with effect from, 22 November, 2016. He will no longer associate with the affairs of the Company w. e. f. 22 November, 2016.

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Niraj Cement Structurals announces resignation of company secretary
Nov 22,2016

Niraj Cement Structurals announced Ravindra Kumar Rawal, Company Secretary of the Company resigned from the post of Company Secretary of the Company with effect from, 22 November, 2016. He will no longer associate with the affairs of the Company w. e. f. 22 November, 2016.

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Gujarat Industries Power Co provides update on its Nakhatrana Wind Farm
Nov 22,2016

Gujarat Industries Power Co announced that two (02) more Wind Turbine Generators (WTGs) of 2.1 MW each have been commissioned by GIPCL at the Nakhatrana Wind Farm Site, Dist.: Kutch, Gujarat. Gujarat Energy Development Agency (GEDA) has issued Certificates of Commissioning of WTGs.

With the commissioning of two WTGs as above, GIPCL has now commissioned all the ten (10) WTGs of the 21 MW Wind Farm at Nakhatrana Wind Farm Site.

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Gujarat Industries Power Co provides update on its Nakhatrana Wind Farm
Nov 22,2016

Gujarat Industries Power Co announced that two (02) more Wind Turbine Generators (WTGs) of 2.1 MW each have been commissioned by GIPCL at the Nakhatrana Wind Farm Site, Dist.: Kutch, Gujarat. Gujarat Energy Development Agency (GEDA) has issued Certificates of Commissioning of WTGs.

With the commissioning of two WTGs as above, GIPCL has now commissioned all the ten (10) WTGs of the 21 MW Wind Farm at Nakhatrana Wind Farm Site.

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Tata Power provides update on Tata Sons
Nov 22,2016

Tata Power Company announced that the Company has received a Special Notice and Requisition under Sections 100(2) and 115 of the Companies Act, 2013 (the Act) and the Rules framed thereunder from Tata Sons - the Companys Promoter and shareholder holding 31.05 % of the paid-up Equity share capital of the Company, for convening an Extraordinary General Meeting of the Members of the Company for considering and passing Resolution for removal of Cyrus P. Mistry as Director of the Company under Section 169 of the Act.

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Tata Power provides update on Tata Sons
Nov 22,2016

Tata Power Company announced that the Company has received a Special Notice and Requisition under Sections 100(2) and 115 of the Companies Act, 2013 (the Act) and the Rules framed thereunder from Tata Sons - the Companys Promoter and shareholder holding 31.05 % of the paid-up Equity share capital of the Company, for convening an Extraordinary General Meeting of the Members of the Company for considering and passing Resolution for removal of Cyrus P. Mistry as Director of the Company under Section 169 of the Act.

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Viji Finance incorporates wholly owned subsidiary - Viji Housing Finance
Nov 22,2016

Viji Finance announced that a wholly owned subsidiary named Viji Housing Finance has been incorporated with effect from 22 November 2016.

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Viji Finance incorporates wholly owned subsidiary - Viji Housing Finance
Nov 22,2016

Viji Finance announced that a wholly owned subsidiary named Viji Housing Finance has been incorporated with effect from 22 November 2016.

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Sun Pharmaceutical Industries allots equity shares
Nov 22,2016

Sun Pharmaceutical Industries announced that the Allotment Committee of Directors at its meeting held on 22 November 2016, allotted 16,229 (Sixteen Thousand Two Hundred and Twenty Nine) equity shares of the Company of Re. 1/- (Rupee One Only) each, on exercise of stock options under the Sun Employee Stock Option Scheme - 2015.

Accordingly, post the above allotment the paid-up equity share capital of the Company is Rs. 2,39,92,70,188/- (Rupees Two Hundred and Thirty Nine Crore Ninety Two Lakhs Seventy Thousand One Hundred and Eighty Eight Only) divided into 2,39,92,70,188/- (Rupees Two Hundred and Thirty Nine Crore Ninety Two Lakhs Seventy Thousand One Hundred and Eighty Eight Only) of Re. 1/- each.

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Wipro recognised as Leader in B2C Mobile Service Providers
Nov 22,2016

Wipro announced that it has been named a Leader by global research and advisory firm Forrester Research Inc. in its report The Forrester Wave: B2C Mobile Services Providers, Q4 2016.

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Bharti Airtel completes acquisiton of 4G LTD Spectrum from Aircel
Nov 22,2016

Bharti Airtel announced that the proposed acquisition of rights to use 20 MHz of spectrum in 2300 Band (BWA) from Aircel has been successfully concluded for Andhra Pradesh circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines).

With this, the Company has completed the transaction in all 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Orissa and Andhra Pradesh.

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Bharat Financial Inclusion allots equity shares
Nov 22,2016

Bharat Financial Inclusion announced that on 22 November 2016, the Company has allotted 97,199 equity shares of Rs. 10/- each to the employees who have exercised options under various SKS Microfinance Employee Stock Option Plans. The said shares shall rank pari-passu with the existing equity shares of the Company in all respects.

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IMP Powers consolidated net profit declines 77.59% in the September 2016 quarter
Nov 22,2016

Net profit of IMP Powers declined 77.59% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.58 crore during the previous quarter ended September 2015. Sales declined 7.39% to Rs 75.28 crore in the quarter ended September 2016 as against Rs 81.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.2881.29 -7 OPM %10.2310.22 - PBDT1.752.20 -20 PBT0.220.63 -65 NP0.130.58 -78

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