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Board of Anjani Portland Cement recommends final dividend
May 26,2017

Anjani Portland Cement announced that the Board of Directors of the Company at its meeting held on 25 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 Britannia Industries recommends final dividend
May 26,2017

Britannia Industries announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 22 per equity Share (i.e. 1100%) , subject to the approval of the shareholders.

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Britannia Industries to hold AGM
May 26,2017

Britannia Industries announced that the Annual General Meeting (AGM) of the company will be held on 7 August 2017.

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Board of Asian Star Company recommends final dividend
May 26,2017

Asian Star Company announced that the Board of Directors of the Company at its meeting held on 24 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 Acrysil recommends final dividend
May 26,2017

Acrysil announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Bombay Cycle & Motor Agency recommends final dividend
May 26,2017

Bombay Cycle & Motor Agency announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Board of Bosch recommends final dividend
May 26,2017

Bosch announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 90 per equity Share (i.e. 900%) , subject to the approval of the shareholders.

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Board of Asahi India Glass recommends final dividend
May 26,2017

Asahi India Glass announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Board of Bhagwati Autocast recommends final dividend
May 26,2017

Bhagwati Autocast announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.

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Board of ADCC Infocad recommends final dividend
May 26,2017

ADCC Infocad announced that the Board of Directors of the Company at its meeting held on 24 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 ABC Bearings recommends final dividend
May 26,2017

ABC Bearings announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Alkem Laboratories fixes record date for final dividend
May 26,2017

Alkem Laboratories has fixed 01 September 2017 as record date for final dividend.

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Sirohia & Sons to hold board meeting
May 26,2017

Sirohia & Sons will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider, approve and adopt the Audited Financial Results of the company for the Quarter and financial year ended March 31, 2017.

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Quasar India to hold board meeting
May 26,2017

Quasar India will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and adopt the Audited Financial Results of the company for the Quarter and financial year ended March 31, 2017.

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After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices
May 26,2017

Telecommunication services presently attract Service Tax of 14% along with Swachh Bharat Cess (SBC) of 0.5% and Krishi Kalyan Cess (KKC) of 0.5%. While Service Tax is a pure value added tax, the above mentioned cesses are not. This is the reason that while no ITC (Input Tax Credit) of SBC is available, the ITC of KKC is allowed to be set-off only against KKC. Therefore, both the cesses are turn-over tax.

As against the above, the Telecommunication Services will attract GST of 18% in the GST regime, which is a pure Value Added Tax because full ITC of Inputs and Input Services used in the course or furtherance of business by the telecommunication service providers would be available.

Moreover, presently Telecom Service providers are neither eligible for credit of VAT paid on goods nor of Special Additional Duty (SAD) paid on imported goods/equipments. However, under GST, Telecom Service Providers would avail credit of IGST paid on domestically procured goods as also imported goods. As per some estimates, this additional Input Tax Credit would be as much as 2% of the turnover of the telecom industry. Further, ITC of Service Tax paid on assignment of spectrum by the Government in 2016 is presently allowed to be availed of by the telecommunication companies over a period of 3 years. In the GST regime, the entire credit can be taken in the same year. Resultantly, the balance two-third credit of the previous year would be admissible in the Current Financial Year itself. All of these would reduce the telecom companies liability to pay GST through cash to about 87% of what they paid in the last fiscal.

Thus, the telecom companies are required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs.

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