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Outcome of board meeting of Dwarikesh Sugar Industries
Jun 02,2017

Dwarikesh Sugar Industries at the board meeting held on 02nd June 2017 approved the sub-division of face value of equity shares from Rs 10 each to Re 1 each, sub-division of Authorised share capital of the company from 2,25,00,000 equity shares of Rs 10 each into 22,50,00,000 equity shares of Re 1 each and consequently subdivision of Issued, Subscribed & Paid up capital of 1,88,30,147 Equity shares from Rs 10 each fully paid up into 18,83,01,470 Equity shares of Rs 1 each fully paid up and subsequent alteration of capital clause of Memorandum of Association of the company, approval for conducting postal ballot for the consideration of the same.

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GHCL to hold AGM
Jun 02,2017

GHCL announced that the 34th Annual General Meeting of the Company will be held on 29 June 2017.

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MT Educare drops on profit booking
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 136.87 points, or 0.44% at 31,274.46. The S&P BSE Small-Cap index was up 90.53 points, or 0.59% at 15,324.77.

On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 68.50 and a low of Rs 65.55 so far during the day. The stock had hit a 52-week high of Rs 189.60 on 1 June 2016 and hit a 52-week low of Rs 58.95 on 23 May 2017.

The stock had underperformed the market over the past one month till 1 June 2017, declining 15.47% compared with the Sensexs 4.08% rise. The scrip had also underperformed the market over the past one quarter declining 30.98% as against the Sensexs 7.43% rise. The scrip had also underperformed the market over the past one year declining 62.48% as against the Sensexs 16.56% rise.

The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.

MT Educare had rallied 11.42% in the preceding one trading session to settle at Rs 68.30 yesterday, 1 June 2017, from its closing of Rs 61.30 on 31 May 2017.

MT Educares consolidated net profit fell 51.9% to Rs 2.38 crore on 20.2% decrease in net sales to Rs 33.96 crore in Q4 March 2017 over Q4 March 2016.

MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.

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Hindustan Petroleum corporation fixed record date
Jun 02,2017

Hindustan Petroleum Corporation has fixed 12 July 2017 as the record date for the purpose of payment od Dividend and Bonus Issue.

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DCM Shriram gets ratings upgraded
Jun 02,2017

ICRA has upgraded the long-term rating assigned to the bank facilities of DCM Shriram from ICRA AA- to ICRA AA and outlook on the long term rating is Stable. However, the Short Term Rating and Commercial Paper ratings were re-affirmed at ICRA A1+. Fixed Deposit rating is affirmed at ICRA MAA+.

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Himachal Futuristic Communication approves allotment of NCDs
Jun 02,2017

Himachal Futuristic Communication has approved the allotment of 10.30%, 4,23,000 Secured Unlisted Non-convertible Debentures (NCDs) of the Company of Rs.100/- each aggregating to Rs.4,23,00,000/- on private placement basis by way of conversion of outstanding right of recompense amount payable to the State Bank of India.

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Volumes jump at JVL Agro Industries counter
Jun 02,2017

JVL Agro Industries clocked volume of 90.93 lakh shares by 12:30 IST on BSE, a 246.13-times surge over two-week average daily volume of 37,000 shares. The stock hit 20% upper circuit at Rs 21.60.

Rupa & Company notched up volume of 2.6 lakh shares, a 29.07-fold surge over two-week average daily volume of 9,000 shares. The stock jumped 16.12% at Rs 448.

Godrej Consumer Products clocked volume of 4.35 lakh shares, a 24.8-fold surge over two-week average daily volume of 18,000 shares. The stock rose 0.11% at Rs 1,818.55.

PI Industries saw volume of 3.81 lakh shares, a 15.6-fold surge over two-week average daily volume of 24,000 shares. The stock gained 0.22% at Rs 812.

Crompton Greaves Consumer Electricals saw volume of 9.17 lakh shares, a 12.64-fold rise over two-week average daily volume of 73,000 shares. The stock gained 4.58% at Rs 241.85.

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Board of KLRF recommends final dividend
Jun 02,2017

KLRF announced that the Board of Directors of the Company at its meeting held on 31 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Om Metals Infraprojects recommends final dividend
Jun 02,2017

Om Metals Infraprojects announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Chemcrux Enterprises recommends final dividend
Jun 02,2017

Chemcrux Enterprises announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.

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Board of The Hi-Tech Gears recommends final dividend
Jun 02,2017

The Hi-Tech Gears announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

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Board of CHD Chemicals recommends final dividend
Jun 02,2017

CHD Chemicals announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 1%) , subject to the approval of the shareholders.

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Board of Savera Industries recommends final dividend
Jun 02,2017

Savera Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Kolte Patil Developers recommends final dividend
Jun 02,2017

Kolte Patil Developers announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1.6 per equity Share (i.e. 16%) , subject to the approval of the shareholders.

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ASSOCHAM and Videocon Gear Up for GST, launch Awareness Drive for consumer electronic traders
Jun 02,2017

In a view to generate awareness and educate retail partners around GST implications, ASSOCHAM and the leading Consumer Electronics and Home Appliances Company, Videocon, organized the first-of-its-kind GST Summit today for Traders. The daylong ASSOCHAM VIDEOCON GST Summit for traders witnessed deep discussions around GST, addressing retailers queries, and offering them a clearer understanding of the GST concept.

ASSOCHAM has taken a step towards imparting knowledge on immediate as well as far reaching impact of GST on the businesses through the ASSOCHAM Videocon GST Summit. Emerging as the fountainhead of Knowledge for Indian industry, ASSOCHAM has always worked towards creating a conducive environment for India business to compete globally.

In its next meeting on June 3, the goods and services tax (GST) Council will fix rates for certain items that could not be decided upon at its meeting in Srinagar, Union Minister of State for Finance, Mr Arjun Ram Meghwal.

n++We have also received representations from some sectors including textile for which the rates had been fixed, we will discuss it in the next GST Council meeting,n++ said Mr Meghwal.

n++In textile sector, garment manufacturers and cloth manufacturers want different rates, we will discuss these issues on June 3,n++ he said.

He also said that FinMin has advised the trade and industry bodies along with its three technical institutes viz., Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India (ICAI) to organise awareness campaigns as GST is likely to be rolled out from July 1.

He said that so far whatever decisions have been taken by the GST Council are not based on majority but on the basis of consensus among all state finance ministers.

The Union Minister said that GST will help bring down logistics cost and that would perhaps be the biggest benefit of this game-changing reform.

n++Recently an international conference on logistics charges was organised by Union Minister Nitin Gadkari whereby we observed that logistics charges in developed countries like Canada, US, France, Germany and others is a meagre eight per cent whereas in India it is about 13.5 per cent,n++ said Mr Meghwal.

n++We include transportation and warehouse charges in logistics charges, GST will bring down logistics costs massively and bring us at par with the developed nations,n++ he added.

n++We live in WTO-era, when there is such a difference in costs for the same product it does not provide India a level playing field as such implementation of GST is a must,n++ further said Mr Meghwal.

Highlighting certain other possible benefits of GST, the Union Minister said that GST would undoubtedly lead to ease of doing business, besides it will also simplify filling returns, widen tax net, reduce human interface and curb corruption.

n++For years together we have lived as a society which believed in tax evasion but now we have to be prepared for this slight change and help India rise up to paying taxes,n++ he said.

He also said that 2017 will be remembered as a year of unprecedented economic reforms.

On the low GDP (gross domestic product) numbers in the quarter to March, to 6.1 percent, Mr Meghwal termed it a temporary phase, and said that there is no need to fear as the countrys economy is growing rapidly.

Speaking about the initiative, Shri. R.N Dhoot, Member of Parliament said, n++Announcement of GST in the country has been a revolutionary step. Not only will it lead to lower tax burden on several commodities, but will also bring ease of doing businesses in the country. I congratulate ASSOCHAM and Videocon to take this initiative and address retailer queries related to implementation of GST.n++

Commenting on the occasion Mr. Sandeep Jajodia, President ASSOCHAM, said, n++Its a nationwide observation that in general, the trade (mostly MSMEs) are not in line with knowledge with GST. Therefore, ASSOCHAM & Videocon have embarked upon the process of training and awareness of GST in a big way, which will be of paramount importance in the smooth roll-out of GST. As the contours of GST law are more or less known, the purpose of such programs is to sensitize the trade across India to make them aware of the salient features of GST.n++

Videocon has been delighting customers and trade partners with its wide array of quality product offerings for over 3 decades. Being a responsible corporate, Videocon is committed to serve the industry and all its stakeholders passionately. Understanding the industry ambiguities with regards to GST, Videocon organized the GST summit with ASSOCHAM to ensure that all members of the industry move positively at a pace which is in line with the nationwide rollout of Indias greatest tax reforms.

Speaking about the initiative, Mr. C. M Singh, COO Videocon, said, n++We are extremely happy to launch ASSOCHAM Videocon GST Summit which aims to bring the entire industry together on one platform. As the GST date inches closer, Videocon hopes to equip all its partners and make them GST ready. We plan to hold more than 200 of such seminars to raise GST awareness across the country. Videocon has always taken initiatives to ensure industry growth and welfare. Through these GST Summits, Videocon will try to ensure that all queries of consumer electronic traders with regards to GST implementation are resolved and they are GST ready. Videocon is happy to contribute in its small way in the smooth implementation of GST.n++

The ASSOCHAM Videocon GST Summit provided a freewheeling dialogue between experts from Videocon and ASSOCHAM, and Consumer Electronic retailers on GST. The session imparted knowledge on the fundamentals of GST and educated the retailers on the impact of GST on the consumer durables. With the inaugural event in New Delhi, the ASSOCHAM Videocon summit will go to 200 cities ahead of its nationwide rollout on July 1. The takeaways from the Delhi event will be utilized in other cities towards familiarizing the industry players on GST.

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