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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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V-Guard Industries to hold board meeting
Jul 05,2017

V-Guard Industries will hold a meeting of the Board of Directors of the Company on 31 July 2017 unaudited financial results of the Company for the quarter ended June 30, 2017.

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SRS Finance to hold board meeting
Jul 05,2017

SRS Finance will hold a meeting of the Board of Directors of the Company on 12 July 2017 To decide the date of AGM & Book Closure

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Ashish Polyplast to hold board meeting
Jul 05,2017

Ashish Polyplast will hold a meeting of the Board of Directors of the Company on 5 July 2017.

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Crestchem to hold board meeting
Jul 05,2017

Crestchem will hold a meeting of the Board of Directors of the Company on 12 July 2017 Change in Auditors

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Stellar Capital Services to hold board meeting
Jul 05,2017

Stellar Capital Services will hold a meeting of the Board of Directors of the Company on 13 July 2017.

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Nucleus Software Exports to hold board meeting
Jul 05,2017

Nucleus Software Exports will hold a meeting of the Board of Directors of the Company on 20 July 2017 To take on record the Audited Standalone Financial results of the company for the Quarter ended June 30, 2017.

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IndusInd Bank to hold board meeting
Jul 05,2017

IndusInd Bank will hold a meeting of the Board of Directors of the Company on 11 July 2017 Unaudited Financial Results for the Quarter ended June 30, 2017.

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Automobile Corporation Of Goa to hold AGM
Jul 05,2017

Automobile Corporation Of Goa announced that the 37th Annual General Meeting(AGM) of the company on 27 July 2017.

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Ashari Agencies to hold AGM
Jul 05,2017

Ashari Agencies announced that the 32th Annual General Meeting(AGM) of the company on 27 July 2017.

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Parsharti Investment to hold board meeting
Jul 05,2017

Parsharti Investment will hold a meeting of the Board of Directors of the Company on 28 July 2017 to take on the record of Unaudited Financial Results of the company for the quarter ended 30th June, 2017

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Dr Reddys Laboratories to hold board meeting
Jul 05,2017

Dr Reddys Laboratories will hold a meeting of the Board of Directors of the Company on 27 July 2017 Unaudited Financial Results of the Company for the quarter ended June 30, 2017.

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Motherson Sumi Systems to hold AGM
Jul 05,2017

Motherson Sumi Systems announced that the th Annual General Meeting(AGM) of the company on 28 July 2017.

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Technojet Consultants to hold AGM
Jul 05,2017

Technojet Consultants announced that the 35th Annual General Meeting(AGM) of the company on 31 July 2017.

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CGST rate of 5% not applicable on supply of goods unless brand name or trade name is actually on Register of TMs & is in force under TM Act 1999
Jul 05,2017

The Central GST (CGST) rate on supply of certain goods, such as chena or paneer, natural honey, wheat, rice and other cereals, pulses, flour of cereals and pulses, other than those put up in unit container and bearing a registered brand name, is NIL. Supply of such goods, when put up in unit container and bearing a registered brand name attracts 2.5% CGST rate.

Doubts are being raised as to the meaning of registered brand name. In this context, the Notification No. 1/2017-Central Tax (Rate), dated 28th June, 2017 [which notifies the CGST rates of intra-state supply of goods] and Notification No. 2/2017-Central Tax (Rate), dated 28th June, 2017 [which exempts intra-state supply of the specified goods] clearly defines n++registered brand namen++ as brand name or trade name, which is registered under the Trade Marks (TMs) Act, 1999. In this regard, Section 2 (w) read with section 2 (t) of the Trade Marks Act, 1999 provide that a registered trade mark means a trade mark which is actually on the Register of Trade Marks and remaining in force.

Thus, unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999, CGST rate of 5% will not be applicable on the supply of such goods.

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Product price cut announcement boosts M&M
Jul 05,2017

The announcement was made after market hours yesterday, 4 July 2017.

Meanwhile, the S&P BSE Sensex was up 36.84 points or 0.12% at 31,246.63

On the BSE, 66,000 shares were traded on the counter so far as against the average daily volumes of 1.64 lakh shares in the past one quarter. The stock had hit a high of Rs 1,395 and a low of Rs 1,359.60 so far during the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,141.80 on 2 December 2016.

The stock had underperformed the market over the past one month till 4 July 2017, falling 4.83% compared with 0.32% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 5.02% as against Sensexs 4.12% rise. The scrip had also underperformed the market in past one year, declining 7.01% as against Sensexs 14.88% rise.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindra (M&M) announced that prices of vehicles for end-customers on large utility vehicles (UVs) and sports utility vehicles (SUVs) have been reduced by an average of 6.9%, while those that come under small car segment have been reduced by an average of 1.4%. Similarly, end-customer prices have been reduced by an average of 1.1% for small commercial vehicles and 0.5% for light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

Since the GST rates on hybrid vehicles are significantly higher than that in the pre-GST regime, the prices for the end-customers of hybrid vehicles have been increased marginally. These price changes to end-customers will vary across states or even cities within a state, due to the differing levels of pre-GST local taxes. These price changes to end-customers will vary across states or even cities within a state, due to the differing levels of pre-GST local taxes.

The effect of the imposition of GST for tractors, which were not levied an excise duty, should be neutral given the input tax credits that would be available to OEMs. Hence there will be no change for end-customer prices for tractors. The Goods and Services Tax (GST) was implemented in the country with effect from 1 July 2017 to bring in one uniform tax across the country.

M&Ms net profit rose 19.9% to Rs 725.16 crore on 3.3% rise in net sales to Rs 11125.15 crore in Q4 March 2017 over Q4 March 2016.

M&M enjoys a leadership position in tractors and utility vehicles in India.

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