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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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GRM Overseas declares Quarterly Result
Jul 28,2017

GRM Overseas will hold a meeting of the Board of Directors of the Company on 8 August 2017, to consider the Unaudited Quarterly Financial Results for the quarter ended on 30th June, 2017

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Ruchi Strips & Alloys schedules board meeting
Jul 28,2017

Ruchi Strips & Alloys will hold a meeting of the Board of Directors of the Company on 5 August 2017, to consider and approve the Un-audited Standalone Financial Results of the Company for the quarter ended 30 June 2017.

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Eveready Industries India to discuss results
Jul 28,2017

Eveready Industries India will hold a meeting of the Board of Directors of the Company on 7 August 2017, to inter alia, consider the Unaudited Financial Results for the quarter ended 30 June 2017.

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Dharamsi Morarji Chemicals Co to hold EGM
Jul 28,2017

Dharamsi Morarji Chemicals Co announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 August 2017.

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Autoriders Finance to table results
Jul 28,2017

Autoriders Finance will hold a meeting of the Board of Directors of the Company on 12 August 2017, to consider and take on record the Un-Audited Financial Results of the Company for First Quarter ended June 30,2017.

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Rajshree Sugars & Chemicals schedules AGM
Jul 28,2017

Rajshree Sugars & Chemicals announced that the 31th Annual General Meeting (AGM) of the company will be held on 28 August 2017.

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Sunshine Capital to table results
Jul 28,2017

Sunshine Capital will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and take on record Unaudited Quarterly Financial Results

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Modern Dairies to discuss results
Jul 28,2017

Modern Dairies will hold a meeting of the Board of Directors of the Company on 4 August 2017.

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Dilip Buildcon to announce Quarterly Result
Jul 28,2017

Dilip Buildcon will hold a meeting of the Board of Directors of the Company on 2 August 2017, to consider and approve the Notice of Postal Ballot, appointment of Scrutiniser and other related matters

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Jayant Agro Organics to announce Quarterly Result
Jul 28,2017

Jayant Agro Organics will hold a meeting of the Board of Directors of the Company on 9 August 2017, to approve the unaudited financial results (provisional) for the quarter ended 30th June, 2017

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Sagar Cements to hold AGM
Jul 28,2017

Sagar Cements announced that the 36th Annual General Meeting (AGM) of the company will be held on 22 September 2017.

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More than 58 lakhs subscribers to Atal Pension Yojana (APY)
Jul 28,2017

The number of subscribers of the Atal Pension Yojana (APY) during each of the last three years is as follows: 

Particulars

As on 31.03.2016

As on 31.03.2017

As on 22.07.2017

Cumulative Subscribers

24,84,895

48,83,829

58,08,071

The funds allocated under APY during each of the last three years is as follows:

(Rs. in crore)

Particulars

2015-16

2016-17

2017-18

Budget Estimates

173

120

155

The requirement of fund for APY is assessed as per the progress made under the Scheme and necessary provisioning of fund is done at appropriate stage. 

Vide Gazette Notification dated 11th May, 2017, an individual eligible for receiving the benefits under APY has been required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication. Provided that till the time Aadhaar is assigned to the individual, benefits under the Scheme shall be given to such individuals, subject to the production of the following identification documents :-

i. if she or he has enrolled, her or his Aadhaar Enrolment ID slip; or a copy of her or his request made for Aadhaar enrolment,

ii.Other identification documents such as Bank or Post office Passbook with Photo; PAN Card; Passport; Ration Card; Voter Identity Card; MGNREGS card; Kisan Photo passbook; Driving license etc.

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Marico South Africa acquires South African hair styling brand - ISOPLUS
Jul 28,2017

Marico South Africa (MSA), a wholly owned step-down subsidiary of Marico on 28 July 2017 announced the acquisition of Business including related intellectual property rights of ISOPLUS, a leading hair styling brand in South Africa from JM Products SA (JM Products) and Mary L Harris, its owner for a consideration of 75 million South African Rand (circa Rs 36 Crore) at a revenue multiple of 1.2. This strategic buyout will enable MSA to become a full spectrum ethnic hair care company in South Africa.

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Rate Revision of Interest on refinance by NABARD
Jul 28,2017

The Reserve Bank of India (RBI) vide its Master Direction dated March 03, 2016 on Interest Rate on Advances, has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks (excluding RRBs). As per these directions, the banks prescribe a comprehensive policy on Interest Rate on Advances duly approved by their Board of Directors. Banks prescribe the rate as per their policy while extending credit to borrowers.

NABARD has reported that it offers the facility of long term refinance to different categories of banks out of resources raised from market and from own funds. The interest rates on refinance is reviewed by NABARD from time to time considering the prevailing market situation.

In respect of scheduled commercial banks the last revision was effected from 17 May 2017 and for other banks, viz. Regional Rural Banks (RRBs), State Cooperative Banks (StCBs), State Cooperative Agriculture & Rural Development Banks (SCARDBs) from 14 July 2017. The interest rates which were in the range of 8.80% to 9.20% as on 01.04.2016, are presently in the range of 7.65% to 8.10%.

Further, Long Term Rural Credit Fund (LTRCF), was created with NABARD with effect from 2014-15, in order to provide long term refinance to Cooperative banks and RRBs to meet the long term investment credit lending in agriculture, contributed out of shortfall in achievement of Priority Sector Lending (PSL) targets by Scheduled Commercial Banks. The interest rate on advances under LTRCF during 2014-15 was 7.85% which is presently at 4.90%.

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RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence
Jul 28,2017

Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:-

State Bank of India, ICICI Bank, Bank of India, Bank of Baroda, Axis Bank and Punjab National Bank.

The objectives of the colleges are to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks.

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