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Firstsour.Solu.

Firstsource Solutions has received re-affirmation in credit ratings from CARE as under -

Long/ Short term Bank Facilities (Fund/ Fund Based Facilities) - CARE A+; Stable/ CARE A1+

Short Term Bank Facilities (Non Fund Based Facilities) - CARE A1+

Arvee Laborat.

Arvee Laboratories (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 April 2020 .

Crompton Gr. Con

Crompton Greaves Consumer Electrical has received reaffirmation in credit ratings from CRISIL as under -

Non-Convertible Debentures - AA+/Stable
Long term bank facilities - AA+/ Stable
Short term bank facilities - A1+

G S F C

Gujarat State Fertilizers & Chemicals announced that as per directives of Central Government, Management has reviewed the plant start-up of Fertilizers manufacturing plants at Baroda Unit and Sikka Unit. The details of such plants are given herein below with its Proposed startup date -

1) Ammonia-IV plant will begin its Start-up activities after from 6 April 2020 (Monday). Plant will run at @ 55% load.
2) Urea-II plant will start on 10 April 2020 and will start producing Urea by 11 April 2020 at partial load. The plant will be loaded up gradually to 100%.
3) Ammonium Sulphate -1 plant will start its Operation on 11 April 2020 and will start producing Ammonium sulphate at desired capacity.

Mahindra Holiday

Mahindra Holidays & Resorts India announced that the company's Material Unlisted Subsidiary, Holiday Club Resorts 0y, Finland (HCR), which operates resorts / SPA hotels in Finland, Spain and Sweden has suspended operations in its resorts / SPA hotels in Finland and Spain till further notice, because of the current Covid-19 situation.

In view of the above, the business of HCR will be impacted, and the impact cannot be ascertained at this point of time.

TCS

Tata Consultancy Services has been recognised as a Leader in the Gartner Magic Quadrant for Managed Workplace Services, Europe.

Time Technoplast

Time Technoplast announced that its manufacturing operations at overseas locations are running as usual because there is no local restriction in manufacture and supply of products.

The Indian manufacturing operations and Offices are temporarily closed till 14 April, 2020 in view of the directions passed by the Indian Government authorities to prevent & contain the spread of COVID-19 and to ensure the safety and well-being of employees and all stakeholders.

Reliance Inds.

Reliance Industries announced that the Board of the company will meet on 02 April 2020 to consider raising of funds by way of issuance of listed, secured / unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranches / series.

Power Grid Corpn

Power Grid Corporation of India announced that the Ministry of Power vide Office Order dt. 29 March 2020, has entrusted the additional charge of the post of the Director (Finance) to Seema Gupta, Director (Operations) for a period of three months w.e.f. 06 February 2020, or till the appointment of regular incumbent of the post, or until further orders, whichever is the earliest.

I O B

Indian Overseas Bank has decided to pass on the Repo Rate cut to RLLR Linked advances and the effective Repo Linked Lending Rate (RLLR) will be 7.25% (i.e. 4.40% + 2.85% = 7.25%) with effect from 01 April 2020. Reset of interest rate for existing RLLR linked account will be done from 01 April 2020.

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