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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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MMTC jumps after robust Q3 results
Feb 14,2017

The result was announced after market hours yesterday, 13 February 2017.

Meanwhile, the BSE Sensex was down 33.37 points, or 0.12%, to 28,318.25.

On the BSE, so far 3.79 lakh shares were traded in the counter, compared with average daily volumes of 8.25 lakh shares in the past one quarter. The stock had hit a high of Rs 67.60 and a low of Rs 65.10 so far during the day.

The stock hit a 52-week high of Rs 73.85 on 12 January 2017. The stock hit a 52-week low of Rs 29.95 on 24 February 2016.

The mid-cap company has equity capital of Rs 100 crore. Face value per share is Re 1.

MMTC is a leading international trading company. Government of India (GoI) held 89.927% stake in MMTC (as per the shareholding pattern as on 31 December 2016).

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Board of Brahmaputra Infrastructure accepts resignation of director
Feb 14,2017

The Board of Directors of Brahmaputra Infrastructure at its meeting held on 13 February 2017 has accepted the resignation of N N Batbyal as Independent Non Executive Director of the Company.

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Minda Corporation to pay interim dividend
Feb 14,2017

Minda Corporation announced that interim dividend shall be paid on or before 07 March 2017.

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Minda Corporation declares interim dividend
Feb 14,2017

Minda Corporation announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has the Board declared an interim dividend of Rs. 0.20/- per equity shares on 209311640 equity shares of Rs. 2/- (Rupees Two) each and the dividend shall be paid/dispatched on or before 07 March 2017.

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Board of Marg appoints CFO
Feb 14,2017

Marg announced that the Board of Directors of the Company at its meeting held on 13 February 2017 have appointed R B Shrinivasan as the CFO of the Company with effect from 13 February 2017.

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HPCL in spotlight after Q3 results
Feb 14,2017

HPCLs net profit rose 52.7% to Rs 1590.31 crore on 12.9% rise in net sales to Rs 48485.57 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017. Based on the approval received from Government of India, HPCL accounted for budgetary support of Rs 263.88 crore in Q3 December 2016 compared with Rs 441.32 crore in Q3 December 2015 towards under recovery on sale of PDS SKO (Kerosene). The government decontrolled petrol & diesel prices. However, public sector oil marketing companies (PSU OMCs) sell liquified petroleum gas (LPG) and kerosene at controlled prices.

Petronet LNGs net profit surged 132.5% to Rs 397.47 crore on 23.9% rise in net sales to Rs 5976.58 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

GMR Infrastructure reported net loss of Rs 381.93 crore in Q3 December 2016 compared with net profit of Rs 40.01 crore in Q3 December 2015. Total income fell 24.35% to Rs 225.97 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

MMTCs net profit surged 274.2% to Rs 74.43 crore on 37.8% rise in net sales to Rs 4939.65 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

On a consolidated basis, Prestige Estates Projects net profit fell 75.51% to Rs 68.30 crore on 0.09% rise in total income to Rs 1253.52 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

SKF India said that its board approved a proposal for buy-back of fully paid up equity shares of the company from all the existing shareholders of the company. The company proposes to buyback around 26 lakh equity shares at Rs 1,500 each, aggregating to an amount not exceeding Rs 390 crore. The board noted the intention of members of the promoter and promoter group to participate in the proposed buyback. The announcement was made after market hours yesterday, 13 February 2017.

Container Corporation of India said that its board recommended issuing one bonus share for every four existing equity shares held in the company (1:4). The announcement was made after market hours yesterday, 13 February 2017.

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Operation Clean Money by IT Dept gets overwhelming response
Feb 13,2017

The Income Tax Department (ITD) had initiated Operation Clean Money on 31st January, 2017 for the e-verification of large cash deposits made during the period from 9th November to 30th December, 2016. Email and SMS were sent to 18 lakh taxpayers for submitting online response on the e-filing portal.

The operation has seen an overwhelming response and till 12th February, 2017 more than 5.27 Lakh taxpayers have already submitted their response. Out of the 7.41 Lakh accounts confirmed by the 5.27 Lakh taxpayers, the cash deposit amount has been confirmed in more than 99.5 per cent accounts. The Department is encouraged to note that taxpayers have increased the cash deposit amount in nearly 90,000 accounts and provided details of additional 25,000 bank accounts in which cash was deposited. The explanation of cash deposit submitted by the taxpayer is being analysed in the context of nature of business and business profile in the earlier returns of the taxpayer.

This exercise has identified around 4.84 lakh taxpayers not yet registered with the e-filing portal. SMS have been sent on the mobile number of these unregistered persons. Income Tax Department is keeping a vigil on the PAN holders who have still not registered on the e-filing portal or who have not yet submitted their online response.

In order to facilitate online responses, the last date for their submission has been extended up to 15th February, 2017 and a detailed Frequently Asked Question (FAQs) has also been issued to assist the taxpayers in submitting their response. The taxpayers should submit their response within this further extended period with a view to avoid enforcement actions under the Income-tax Act and other applicable laws.

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Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes (CBDT)
Feb 13,2017

The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year up to 10th February, 2017. The amount of refunds issued at Rs.1.42 Lakh Crore is 41.5% higher than the corresponding period last year.

As a result of emphasis on expeditious issue of refunds, 92% of all Income Tax returns were processed within 60 days demonstrating CBDTs commitment to faster and more efficient taxpayer service. Of the refunds issued, 92% are below Rs.50,000 due to the high priority given to expeditious issue of refunds to small taxpayers. Only 2% of refunds less than Rs. 50,000 are remaining to be issued. Majority of these cases relate to recently filed ITRs or where the taxpayers response to the Department is awaited.

Taxpayers reposed faith in CBDTs e-governance initiatives by filing electronically a whopping 4.01 Cr ITRs till 10th February 2017 representing an increase of 20% over the previous year. Also, more than 60 lakh other online forms were filed with an increase of nearly 41% compared to the previous year.

Taxpayers are advised to verify and update their email address and mobile number on the e-filing website to receive electronic communication. CBDT is committed to ensuring best possible taxpayer services through its e-governance programs and increasing the coverage and scope of electronic filing and processing of various forms and applications.

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Kokuyo Camlin announces change in CEO
Feb 13,2017

Kokuyo Camlin announced that the Board of Director in its meeting held on 13 February 2017 took note of the resignation of Ayyadurai Srikanth - Chief Executive Officer, who has decided to pursue other opportunities. The Board of Directors accepted his resignation and noted that he will hold the said office until close of business hours on 31 March 2017.

Further, pursuant to the recommendation of the Remuneration and Nomination Committee in its meeting held on 13 February 2017 the Board of Directors have approved the appointment of Nobuchika Doi who is presently Executive Director of the Company, as the new Managing Director and Chief Executive Officer of the Company, who shall be designated as Chief Executive Officer & Executive Director of the company, with effect from 01 April 2017. The appointment of Nobuchika Doi is subject to the approval of the members at the ensuing annual general meeting of the Company.

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IND Renewable Energy appoints company secretary
Feb 13,2017

IND Renewable Energy announced Ruchita Birla has been appointed as Company Secretary cum compliance officer of the company with effect from 13 February 2017.

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Shilpi Cable Technologies announces cessation of director
Feb 13,2017

Shilpi Cable Technologies announced that pursuant to provisions of section 167(1)(b) of the Companies Act, 2013, the office of Hans Das Maheshwari, Nominee Director (appointed by IDBI Bank) of the Company has become vacant w.e.f. 11 February 2017. Hence, he ceases to be the director of the Company.

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Asian Hotels (North) announces resignation of director
Feb 13,2017

Asian Hotels (North) announced Gautam Ramanlal Divan, an Independent Non-executive Director of the Company resigned from the said office vide letter dated 10 February 2017. The resignation takes effect on 13 February 2017, being the date of receipt of the aforesaid letter by the Company.

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Shri Aster Silicates announces resignation of director
Feb 13,2017

Shri Aster Silicates announced that Dushyant Manibhai Buch has resigned as Independent director and all committee members of the Company w.e.f. 13 February 2017.

The board has approved his resignation in its board meeting dated 13 February 2017.

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Board of MEP Infrastructure Developers declares interim dividend
Feb 13,2017

MEP Infrastructure Developers announced the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, had:

- Declared an Interim Dividend of Re. 0.10 per equity share of Rs. 10/- each of the Company.

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MEP Infrastructure Developers fixes record date for interim dividend
Feb 13,2017

MEP Infrastructure Developers announced that the Company has fixed 25 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Interim Dividend will be paid/ dispatched to the equity shareholders of the Company on or before 15 March 2017.

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