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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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ITC scales record high on lower tax rates for cigarettes
Jul 03,2017

Meanwhile, the S&P BSE Sensex was up 298.82 points or 0.97% at 31,220.43

On the BSE, 21.17 lakh shares were traded on the counter so far as against the average daily volumes of 10.24 lakh shares in the past one quarter. The stock had hit a high of Rs 353.20 so far during the day, which is a record high. The stock hit a low of Rs 340.30 so far during the day. The stock had hit a 52-week low of Rs 222.05 on 26 December 2016.

The stock had outperformed the market over the past one month till 30 June 2017, rising 2.94% compared with the Sensexs 0.76% fall. The scrip had also outperformed the market over the past one quarter, gaining 15.48% as against the Sensexs 4.3% rise. The scrip had also outperformed the market over the past one year, surging 28.33% as against the Sensexs 14.53% rise.

The large-cap company has equity capital of Rs 1214.74. Face value per share is Rs 1.

As per reports, taxation for cigarettes under the new good and services tax (GST) is around 5-6% lower than the previous tax structure. Under the GST regime, cigarettes have been put in the highest tax slab of 28%. Basic excise duty and additional excise duty are repealed and only national calamity duty is continuing under the GST regime for cigarettes. ITC is the market leader in cigarettes with a share of nearly 80%, reports indicated adding that over 60% of the companys revenues come from its cigarettes business.

The tax savings in the GST regime is mainly on account of removal of multi-layer tax regime. Earlier value added tax (VAT) was levied on excise duty, while GST now will not be applicable on cess.

The GST came into force from 1 July 2017, amid a historic midnight session in the Central Hall of Parliament on 30 June 2017. The biggest tax reform since independence - GST - will pave the way for realization of the goal of One Nation - One Tax - One Market.

As per a foreign brokerage, the return of predictability in taxation could drive volume growth and opportunity to launch a lower-priced cigarette to drive growth in the organized industry. The brokerage firm has maintained a buy rating for the ITC stock and increased its target price to Rs 390 a share.

Another foreign broking firm said the ITC stock remains its top pick in the consumer sector and it maintained outperform and increased its target price to Rs 385 a share.

ITCs net profit rose 12.13% to Rs 2669.47 crore on 13.82% growth in total income to Rs 11527.64 crore in Q4 March 2017 over Q4 March 2016.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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US commitment on improving IT market access big positive for India
Jul 03,2017

ASSOCHAM welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.

Among other positives, the ASSOCHAM took special note of the text in the joint statement which stated that n++the United States and India plan to undertake a comprehensive review of trade relations with the goal of expediting regulatory processes; ensuring that technology and innovation are appropriately fostered, valued, and protected; and increasing market access in areas such as agriculture, information technology, and manufactured goods and services.

The chamber Secretary General Mr D S Rawat said, before beginning of his important US visit, the ASSOCHAM had urged the Prime Minister to take up the issue of obstacles being faced by the Indian IT industry. n++It is a matter of satisfaction that the commitment of market access in IT has been given by the President Trump himself.

Mr Rawat said yet another positive from the outcome of the Modi-Trump meeting is committed to strengthening cooperation to address excess capacity in industrial sectors. Building on the US commitment on free and fair trade, India can look forward to increasing its merchandise exports to the US which is on the way to a smart recovery. As far as India is concerned, we have opened a whole lot of sectors and taken a number of steps to improve ease of doing business.

The mutual commitment to expedite regulatory issues would also be of great help to the Indian pharmaceutical industry which has been facing several problems at the end of the US -FDA.

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Coal India announces auction of coal linkages (Tranche III)
Jul 03,2017

Coal India had been directed by Ministry of Coal on 15 February 2016 to conduct auction of coal linkages for the non-regulated sector. Towards this, the Company has announced auction of coal linkages (Tranche III) for non-regulated sector.

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CMI FPE to hold AGM
Jul 03,2017

CMI FPE announced that the 31th Annual General Meeting(AGM) of the company on 28 July 2017.

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Adlabs Entertainment to hold AGM
Jul 03,2017

Adlabs Entertainment announced that the 8th Annual General Meeting(AGM) of the company on 26 July 2017.

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Tata Elxsi to hold AGM
Jul 03,2017

Tata Elxsi announced that the 28th Annual General Meeting(AGM) of the company on 27 July 2017.

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Prime Securities to hold board meeting
Jul 03,2017

Prime Securities will hold a meeting of the Board of Directors of the Company on 11 July 2017 to consider and approve the Unaudited Financial Results of the Company for the Quarter ended June 30, 2017.

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Jubilant Foodworks to hold board meeting
Jul 03,2017

Jubilant Foodworks will hold a meeting of the Board of Directors of the Company on 17 July 2017 Standalone Unaudited Financial Results of the Company for the quarter ended June 30, 2017.

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APM Industries to hold board meeting
Jul 03,2017

APM Industries will hold a meeting of the Board of Directors of the Company on 11 July 2017 To conduct Postal Ballot (including e-voting), fix the record date i.e. July 13, 2017 for determining the shareholders eligible for voting/e-voting for the aforesaid purpose and any other matter related to the same.

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Manpasand Beverages drops on profit booking
Jul 03,2017

Meanwhile, the S&P BSE Sensex was up 294.10 points, or 0.95% at 31,215.71. The S&P BSE Mid-Cap index was up 139.45 points, or 0.95% at 14,783.93.

On the BSE, 5,460 shares were traded on the counter so far as against the average daily volumes of 13,860 shares in the past one quarter. The stock had hit a high of Rs 782.20 and a low of Rs 772.15 so far during the day. The stock had hit a record high of Rs 885.90 on 29 May 2017 and a 52-week low of Rs 506.75 on 26 December 2016.

The stock had underperformed the market over the past one month till 30 June 2017, declining 1.27% compared with the Sensexs 0.76% fall. The scrip had, however, outperformed the market over the past one quarter advancing 8.48% as against the Sensexs 4.3% rise. The scrip had also outperformed the market over the past one year advancing 42.65% as against the Sensexs 14.53% rise.

The mid-cap company has equity capital of Rs 57.22 crore. Face value per share is Rs 10.

Shares of Manpasand Beverages had rallied 5.17% in the preceding two trading sessions to settle at Rs 788.85 on Friday, 30 June 2017, from its close of Rs 750.05 on 28 June 2017.

Manpasand Beverages net profit rose 22.5% to Rs 31.34 crore on 32.9% increase in net sales to Rs 267.19 crore in Q4 March 2017 over Q4 March 2016.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets.

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Jindal Poly Films to hold board meeting
Jul 03,2017

Jindal Poly Films will hold a meeting of the Board of Directors of the Company on 3 July 2017.

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Womens Next Loungeries to hold board meeting
Jul 03,2017

Womens Next Loungeries will hold a meeting of the Board of Directors of the Company on 1 July 2017.

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India would need to bring 88 km2 land under waste disposal by 2050: Study
Jul 03,2017

Considering the present scenario of waste management in India, where most of the waste is dumped without treatment, it would require an estimated 88 square kilometer (km2) of precious land to be brought under waste disposal through landfilling by 2050, which is equivalent to the size of area under administration of New Delhi Municipal Council (NDMC), noted a recent joint study by ASSOCHAM and PwC.

n++This will eventually render the land unfit for any other use for as long as a half century before it can be stabilised for other uses,n++ said the report jointly conducted by ASSOCHAM and global consulting firm PwC (PricewaterhouseCoopers).

As such it is imperative to relook into present systems of waste management in the country, suggested the ASSOCHAM-PwC study.

As per a previous estimate, by 2050 about 50 per cent of Indias population will be living in urban areas, and the volume of waste generation will grow by five per cent per year.

Accordingly, the expected waste quantity we are looking at for the year 2021, 2031, and 2050 are 101 million metric tonnes (MMT) per year, 164 MMT, and 436 MMT per year respectively.

The report noted that waste generation of Class I cities (with population between 0.1 million to five million) in India has been estimated to be around 80 per cent of countrys total waste generation.

Highlighting the concerns about per capita waste generation rate, the study said that presently it is about 300-400 gm/capita for medium cities and 400-600 gm/capita for large cities. n++This is going to increase with the present trend of urbanisation and consumption patterns.n++

On the need for proper waste treatment to generate environmental and monetary benefits, the study said that poorly managed waste has direct implications to urban environment, leading to air, water, and soil pollution, together with long-term health impacts, while it has indirect implications to our economy and growth prospects.

However, improper planning for waste management, complex institutional setup, constraints in capacity for waste management using modern techniques and best practices, and limited funds with urban local bodies (ULBs) are some of the reasons waste management in India has become an area of concern.

It also said that though private sector can play a critical and greater role in waste management in India, there are a various issues and bottlenecks on different fronts that have made it challenging to successfully implement projects - policy and regulatory, financing, project conceptualisation and structuring, technology and capacity.

The ASSOCHAM-PwC study has recommended the government to accord industry status to waste management sector to provide it necessary boost and regulatory adherence with dedicated monitoring and compliance cell.n++

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India would need to bring 88 sq. km land under waste disposal by 2050: Study
Jul 03,2017

Considering the present scenario of waste management in India, where most of the waste is dumped without treatment, it would require an estimated 88 square kilometer (sq. km) of precious land to be brought under waste disposal through landfilling by 2050, which is equivalent to the size of area under administration of New Delhi Municipal Council (NDMC), noted a recent joint study by ASSOCHAM and PwC.

n++This will eventually render the land unfit for any other use for as long as a half century before it can be stabilised for other uses,n++ said the report jointly conducted by ASSOCHAM and global consulting firm PwC (PricewaterhouseCoopers).

As such it is imperative to relook into present systems of waste management in the country, suggested the ASSOCHAM-PwC study.

As per a previous estimate, by 2050 about 50 per cent of Indias population will be living in urban areas, and the volume of waste generation will grow by five per cent per year.

Accordingly, the expected waste quantity we are looking at for the year 2021, 2031, and 2050 are 101 million metric tonnes (MMT) per year, 164 MMT, and 436 MMT per year respectively.

The report noted that waste generation of Class I cities (with population between 0.1 million to five million) in India has been estimated to be around 80 per cent of countrys total waste generation.

Highlighting the concerns about per capita waste generation rate, the study said that presently it is about 300-400 gm/capita for medium cities and 400-600 gm/capita for large cities. n++This is going to increase with the present trend of urbanisation and consumption patterns.n++

On the need for proper waste treatment to generate environmental and monetary benefits, the study said that poorly managed waste has direct implications to urban environment, leading to air, water, and soil pollution, together with long-term health impacts, while it has indirect implications to our economy and growth prospects.

However, improper planning for waste management, complex institutional setup, constraints in capacity for waste management using modern techniques and best practices, and limited funds with urban local bodies (ULBs) are some of the reasons waste management in India has become an area of concern.

It also said that though private sector can play a critical and greater role in waste management in India, there are a various issues and bottlenecks on different fronts that have made it challenging to successfully implement projects - policy and regulatory, financing, project conceptualisation and structuring, technology and capacity.

The ASSOCHAM-PwC study has recommended the government to accord industry status to waste management sector to provide it necessary boost and regulatory adherence with dedicated monitoring and compliance cell.n++

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Automotive Stampings & Assemblies to hold AGM
Jul 03,2017

Automotive Stampings & Assemblies announced that the 27th Annual General Meeting(AGM) of the company on 28 July 2017.

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