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Caprihans India to announce September quarter results
Dec 01,2016

Caprihans India announced that a meeting of Board of Directors of the Company will be held on 07 December 2016 to consider and approve the Un-Audited Financial Results (Provisional) for the quarter ended 30 September 2016.

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Board of Vascon Engineers to consider September quarter results
Dec 01,2016

The Board of Vascon Engineers will meet on 13 December 2016 to consider, approve and take on record the unaudited Financial Results (reviewed) of the Company for the quarter ended 30 September 2016, along with other matters.

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Shriram Transport Finance Company to consider fund raising plans
Dec 01,2016

Shriram Transport Finance Company announced that the Company is considering raising of funds through various options of borrowings including by way of issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis. Based on the market conditions the meeting(s) of Banking and Finance Committee will be held during the current month ending 31 December 2016 to consider and approve the terms of such borrowings.

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Board of Blue Circle Services to consider expansion of business
Dec 01,2016

Blue Circle Services announced that the meeting of Board of Directors of the Company will be held on 06 December 2016, to consider following Agenda:

1. To consider and if thought fit, to accept resignation of Anil Kumar Purohit, Managing Director and to appoint new KMP in his place.

2. To expand its business and to enter into new business segment.

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Board of Educomp Solutions to consider September quarter and half year results
Dec 01,2016

Educomp Solutions announced that the Meeting of Board of Directors of the Company will be held on 14 December 2016, inter alia, to consider and approve the unaudited financial results of the Company for the quarter and half year ended on 30 September 2016.

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Board of Gujarat NRE Coke to consider September quarter results
Dec 01,2016

Gujarat NRE Coke announced that a meeting of the Board of Directors of the Company has been convened to be held on 10 December 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Government clarifies apprehension under the proposed Taxation Laws (Second Amendment) Bill, 2016
Dec 01,2016

In the wake of Taxation Laws (Second Amendment) Bill, 2016 which has been passed by the Lok Sabha and is under consideration with Rajya Sabha, some rumours have been making rounds that all gold jewellery including ancestral jewellery shall be taxed @75% plus cess with a further penalty liability of 10% of tax payable.

It is hereby clarified that the above Bill has not introduced any new provision regarding chargeability of tax on jewellery. The Bill only seeks to enhance the applicable tax rate under section 115BBE of the Income-tax Act, 1961 (the Act) from existing 30% to 60% plus surcharge of 25% and cess thereon. This section only provides rate of tax to be charged in case of unexplained investment in assets. The chargeability of these assets as income is governed by the provisions of section 69, 69A & 69B which are part of the Act since 1960s. The Bill does not seek to amend the provisions of these sections. Tax rate under section 115BBE is proposed to be increased only for unexplained income as there were reports that the tax evaders are trying to include their undisclosed income in the return of income as business income or income from other sources. The provisions of section 115BBE apply mainly in those cases where assets or cash etc. are sought to be declared as unexplained cash or asset or where it is hidden as unsubstantiated business income, and the Assessing Officer detects it as such.

It is clarified that the jewellery/gold purchased out of disclosed income or out of exempted income like agricultural income or out of reasonable household savings or legally inherited which has been acquired out of explained sources is neither chargeable to tax under the existing provisions nor under the proposed amended provisions. In this connection, a reference to instruction No.1916 is also invited which provides that during the search operations, no seizure of gold jewellery and ornaments to the extent of 500 grams per married lady, 250 grams per unmarried lady and 100 grams per male member of the family shall be made. Further, legitimate holding of jewellery upto any extent is fully protected.

In view of the above, the apprehension sought to be created that the jewellery with the household which is acquired out of disclosed sources or exempted income shall become taxable under the proposed amendment is totally unfounded and baseless.

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Ruchi Soya Industries to announce September quarter and half year results
Dec 01,2016

Ruchi Soya Industries announced that a meeting of the Board of Directors of the Company will be held on 14 December 2016, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Outcome of board meeting of AAR Commercial Company
Dec 01,2016

AAR Commercial Company announced that the Board of Directors of the Company at its meeting held on 01 December 2016 transacted the following -

Appointment of Arvind Kumar Modi as Company Secretary and Compliance Officer of the Company with effect from 01 December 2016.

Approved shifting of registered office to 1, British India Street (Old Complex), Mezzanine Floor, Room No. 20, Kolkata - 700 069 with effect from 01 December 2016.

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Board of Everest Industries approves change in CFO
Dec 01,2016

Everest Industries announced that the Board of Directors of the Company at their meeting held on 01 December 2016 have appointed Nikhil Dujari as Chief Financial Officer (CFO) of the Company w.e.f. 02 December 2016 in place of Rakesh Kumar Gupta who has ceased to be CFO of the Company with effect from the aforesaid date.

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Board of NTPC accords investment approval for Rojmal Wind Energy Project
Dec 01,2016

NTPC announced that the Board of Directors of the Company in its meeting held on 30 November 2016, has accorded investment approval for Rojmal Wind Energy Project (50 MW) in the state of Gujarat at an appraised estimated cost of Rs. 323.35 crore subject to signing of Power Project Agreement. This will be the first wind energy project of NTPC.

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Board of Jindal Steel & Power to consider Q2 results
Dec 01,2016

Jindal Steel & Power announced that the meeting of the Board of Directors of the Company is scheduled to be held on 09 December 2016, inter alia, to consider and approve, the unaudited Financial Results of the Company for the 2nd quarter and half year ended 30 September 2016, both on Standalone and Consolidated basis (Q2).

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Board of Gillette India approves appointment of director
Dec 01,2016

Gillette India announced that the Board of Directors of the Company, at their meeting held on 01 December 2016 has approved proposal for appointment of Karthik Natarajan as Director and Whole-time Director of the Company by way of Shareholders resolution to be passed by postal ballot effective from date of passing of the Shareholders resolution.

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Board of Shilpa Medicare approves raising of funds up to Rs 175 crore
Dec 01,2016

Shilpa Medicare announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each. The Board also proposed to increase the shareholding limit for FIIs/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.

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Board of Bombay Rayon Fashions to consider September quarter results
Dec 01,2016

Bombay Rayon Fashions announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 December 2016, inter alia, to consider, approve and take on record, among other items of the agenda, the Un-audited Financial Results for the quarter/half year ended 30 September 2016.

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