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Laurus Labs gets revision in credit ratings
Jul 04,2017

Laurus Labs announced that CARE Ratings has revised the credit ratings as under -

Long Term Bank Facilities -CARE AA-; Stable; Revised from CARE A+; Positive

Short Term Bank Facilities -CARE A1+; Reaffirmed

Commercial Paper Issue -CAREA1+; Reaffirmed

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Indian Acrylics announces change in nominee director
Jul 04,2017

Indian Acrylics announced the appointment of Sanjeev Bajaj as Nominee Director of the Company in place of Satish Kumar Dua with effect from 30 May 2017.

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BFL Developers allots 51 lakh shares
Jul 04,2017

BFL Developers has allotted 51,00,000 equity shares of the Company having face value of Rs. 10/- each to promoter group and non promoter group on preferential basis at Rs. 11/- per share (including Premium).

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Rolta India appoints CFO and Chief Compliance Officer
Jul 04,2017

Rolta India has appointed V L Ganesh as Chief Financial Officer & Chief Compliance Officer of the Company w.e.f. 04 July 2017.

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Record inflation augurs perfectly well for GST launch: ASSOCHAM
Jul 04,2017

With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the countrys most ambitious tax reform, the ASSOCHAM has said.

n++The retail inflation, measured by the Consumer Price Index (CPI) was at a four year low of 2.18 per cent in May, 2017. Likewise, the Whole Price Index measured inflation was mere 2.17 per cent for the latest month, providing an ideal platform for the GST. With Monsoon showing a good spell in its initial phase, the prices should further ease for a large number of items. While the weighted average of net tax incidence would be lower post-GST, consumer prices in any case have seen a drastic fall in the last one year from 5.76 per cent in May 2016 to the 2.18 per cent in May this year. For consumer food prices, the drop in inflation on CPI scale has been even sharper from 7.47 per cent to 1.05 per year -on-yearn++, ASSOCHAM Secretary General Mr D S Rawat said.

Thus, ASSOCHAM said while the GST may face some initial hiccups, the broad and the most important macro matrix is n++perfectly placedn++. n++So, even if there is some increase in some of the items because of shuffling of tax incidence, abundant supply side would ensure prices ruling easyn++.

There are several consumer related items which are witnessing a subdued inflation between 1-3 per cent and the situation is not going to change in any significant way in the months to come. n++So, it all boils down to implementation. If we can make it smooth, hand holding the traders and increasing awareness at the consumer end, the dramatic shift in Indias taxation should be a happy experience for the industry, trade and consumern++.

Even the global crude oil prices are trading below USD 50 per barrel and the outlook does not seem to be that of an upturn, thus helping Indias macro picture , that should aid the GST roll out without any price pressure on the consumers.

n++Besides, in the backdrop of subdued consumer demand, there is no reason for the industry not to pass on any benefit accruing from the GST. The top priority for the industry today is to step up its capacity utilization by increasing production, helped by consumer demand. The current situation, in any case, does not support any extra gains to the producers, who would like to see the volume increase. Any incidence of tax cut should only help the demand and volume growthn++, the chamber said.

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Pioneer Distilleries to hold AGM
Jul 04,2017

Pioneer Distilleries announced that the 24th Annual General Meeting(AGM) of the company on 28 July 2017.

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SRS Real Infrastructure to hold board meeting
Jul 04,2017

SRS Real Infrastructure will hold a meeting of the Board of Directors of the Company on 12 July 2017 AGM

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Kaya to hold AGM
Jul 04,2017

Kaya announced that the 14th Annual General Meeting(AGM) of the company on 2 August 2017.

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Maximus International to hold board meeting
Jul 04,2017

Maximus International will hold a meeting of the Board of Directors of the Company on 11 July 2017.

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Nalin Lease Finance to hold board meeting
Jul 04,2017

Nalin Lease Finance will hold a meeting of the Board of Directors of the Company on 14 July 2017 to Consider and take on Record the Unaudited Financial Results for the Quarter ended on 30th June, 2017.

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Vinyl Chemicals (I) to hold board meeting
Jul 04,2017

Vinyl Chemicals (I) will hold a meeting of the Board of Directors of the Company on 24 July 2017 Quarterly Results

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Ruchi Soya Industries to hold AGM
Jul 04,2017

Ruchi Soya Industries announced that the th Annual General Meeting(AGM) of the company on 3 July 2017.

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GNA Axles to hold board meeting
Jul 04,2017

GNA Axles will hold a meeting of the Board of Directors of the Company on 19 July 2017 to consider and approve the Un-audited Financial Results of the Company for the Quarter ended 30th June 2017.

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Ganesh Benzoplast to hold board meeting
Jul 04,2017

Ganesh Benzoplast will hold a meeting of the Board of Directors of the Company on 12 July 2017 To do discussion on setting up a LPG (Liquefied Petroleum Gas) terminal by the Company at its Goa Terminal.

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VR Woodart to hold board meeting
Jul 04,2017

VR Woodart will hold a meeting of the Board of Directors of the Company on 4 July 2017.

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