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KPIT Technologies to hold board meeting
Jul 05,2017

KPIT Technologies will hold a meeting of the Board of Directors of the Company on 19 July 2017.

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Ind-Agiv Commerce to hold board meeting
Jul 05,2017

Ind-Agiv Commerce will hold a meeting of the Board of Directors of the Company on 10 July 2017.

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Monnet Ispat & Energy to hold board meeting
Jul 05,2017

Monnet Ispat & Energy will hold a meeting of the Board of Directors of the Company on 11 July 2017.

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Bhansali Engineering Polymers to hold board meeting
Jul 05,2017

Bhansali Engineering Polymers will hold a meeting of the Board of Directors of the Company on 14 July 2017.

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SRS to hold board meeting
Jul 05,2017

SRS will hold a meeting of the Board of Directors of the Company on 12 July 2017.

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Colgate-Palmolive (India) to hold board meeting
Jul 05,2017

Colgate-Palmolive (India) will hold a meeting of the Board of Directors of the Company on 3 August 2017.

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EIH to hold board meeting
Jul 05,2017

EIH will hold a meeting of the Board of Directors of the Company on 1 August 2017.

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Jubilant Life Sciences to hold board meeting
Jul 05,2017

Jubilant Life Sciences will hold a meeting of the Board of Directors of the Company on 18 July 2017.

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Global Infratech & Finance to hold board meeting
Jul 05,2017

Global Infratech & Finance will hold a meeting of the Board of Directors of the Company on 12 July 2017.

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Hybrid Financial Services to hold board meeting
Jul 05,2017

Hybrid Financial Services will hold a meeting of the Board of Directors of the Company on 21 July 2017.

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Bajaj Corp to hold board meeting
Jul 05,2017

Bajaj Corp will hold a meeting of the Board of Directors of the Company on 12 July 2017.

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IDFC to hold board meeting
Jul 05,2017

IDFC will hold a meeting of the Board of Directors of the Company on 27 July 2017.

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All cities of MP, Maharashtra, Chattisgarh, Jharkhand, Kerala, Telangana to become ODF by October
Jul 05,2017

All the 1,137 statutory cities and towns in six States of Madhya Pradesh, Maharashtra, Chattisgarh, Jharkhand, Kerala and Telangana are set to be declared Open Defecation Free (ODF) by October 2 this year marking the completion of three years of Swachh Bharat Mission (Urban). This is based on the regular reports being received from States/UTs.

With Andhra Pradesh, Gujarat and Chandigarh having already declared all the 281 cities and towns under their jurisdiction ODF, a total of 1,418 cities and towns would become ODF by this October, two years ahead of the mission deadline of October 2, 2019. These nine States account for 39% of the total 4,041 mission cities.

This was revealed during the review of progress of Swachh Bharat Mission (Urban) by Shri D.S.Mishra, Secretary(Urban Development).

The number of mission cities in Maharashtra are 384, followed by Madhya Pradesh -378, Chattisgarh-168, Kerala-93, Telangana -73 and Jharkhand-41.

Gujarat had already declared all 170 cities and towns ODF while Andhra Pradesh had done so in respect of 110. Chandigarh is the only UT to have become ODF.

The six states set to become in urban areas have a total target of construction of 22,44,003 Individual Household Targets while Gujarat, Andhra Pradesh and Chandigarh have constructed 9,51,177 such toilets. These nine States/UT account for a total of 31,95,180 toilets which comes to 49% of the total mission target of construction of 65,82,451 toilets.

In Madhya Pradesh, Jharkhand and Sikkim, the toilets constructed so far and under construction comes to 100% of mission target, followed by Uttarakhand-92%, Maharashtra-91%, Puducherry, Chattisgarh-89%, Tamil Nadu-85%, Telangana-81%, Kerala-77%, Karnataka-74%, Punjab-68%, Andaman & Nicobar Islands-67%, Bihar-63%, Rajasthan-61%, Uttar Pradesh-49% and Haryana-46%.

Shri Mishra asked the concerned officials to pursue with the States/UTs lagging behind which include Goa, West Bengal, Himachal Pradesh, Odisha, Jammu & Kashmir and North-Eastern States and UTs for speeding up construction of toilets which are necessary for becoming ODF. He also stressed on the need to focus attention on Solid Waste Management projects to ensure total processing of municipal solid waste by October, 2019.

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GST to bring cheer for domestic electronic components manufacturers: Study
Jul 05,2017

Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.

n++The local manufacturers will be able to pass on the tax benefit to consumers in the form of price reduction,n++ said the report titled, Electricals & Electronics Manufacturing in India, jointly conducted by ASSOCHAM and NEC Technologies.

The study also observed that with the implementation of GST, multiple taxes and cascading effects of taxes will be eliminated.

Along with these benefits, firms will also be saving expenses incurred in warehousing and logistics which stood at approximately 5-8 per cent.

n++The lower taxes, simplified tax structure and technology empowered tax compliance system will provide an ideal ecosystem to improve the current situation of electronics manufacturing in India,n++ said the study.

It also added that, GST will give a major boost to the Indian electronics industry thereby, leading to subsequent increase in demand of locally manufactured electronics.

n++With the implementation of GST, the electronics manufacturers will reap in significant cost savings in warehousing and logistics,n++ said the ASSOCHAM-NEC study.

Further, the report noted that even the demonetisation move of the government gave a boost to electronic payment devices with value of transactions getting almost doubled.

Besides, it is also certain to bring about innovations in electronic payment industry thereby leading to increase in number of point of sale (PoS) and mPoS (mobile point of sale) devices.

n++Post demonetization, government has been promoting digital payments by introducing e-payments platforms such as BHIM, Bharat QR. All of these platforms will generate more demand for mobile phone,n++ the report said.

The ASSOCHAM-NEC study recommended that for India to become a robust manufacturing hub, it should focus on building capabilities across the value chain by reducing component imports and increasing local value addition.

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ICICI Prudential Life Insurance Company considers take over of Sahara Lifes insurance business
Jul 05,2017

ICICI Prudential Life Insurance Company announced that it has expressed interest to evaluate taking over policyholders liabilities and assets of Sahara Life. The last reported policyholders liabilities of Sahara Life is about Rs 900 crore, which is less than 1% of the Companys Balance Sheet size.

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