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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Rupee inches lower
Jun 06,2017

Rupee closed lower at 64.6100/6150 per dollar on Tuesday (06 June 2017), versus its previous close of 64.54/55 per dollar.

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Meera Industries incorporates subsidiary in United States
Jun 06,2017

Meera Industries has established a Wholly Owned Subsidiary Company (WOS) in the name and style of Meera Industries USA LLC, formed in North Carolina State of USA.

This WOS would be instrumental and catalyst to boost export trade of the Meera since USA is one of the largest partner in export trade of the company. The WOS is established and has opened its doors in the heart of Textile Country, in this North Carolina city located near the I-85 corridor, along which hundreds of textile manufacturers and their suppliers based in the South,. The facility is located on a 4,600 square-foot area that will serve as a showroom and a sampling as well as small-lot production house. This will cater as spares and service centre too for existing companys clients in USA.

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Vivimed Labs intimates of successful USFDA inspection of its API facility in Spain
Jun 06,2017

Vivimed Labs announced that the Companys API manufacturing facility located in Sant Celoni, Spain was recently inspected by the USFDA in compliance with their requirements. At the end of the successful inspection, zero 483 observations were issued.

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Cabinet Secretary asks the different Ministries/Departments and PSUs under these Ministries to set-up and activate a GST Facilitation Cell
Jun 06,2017

The Cabinet Secretary, Government of India, Shri P.K. Sinha has asked the Secretaries of the different Ministries/Departments to set-up a Goods and Service Tax (GST) Facilitation Cell in their respective Department/Ministry. Shri Sinha said that the Cell, in turn, shall be in constant touch with the major industry and business associations relating to the respective Ministry/Department and provide all possible support for the smooth roll-out of GST w.e.f. 1st July, 2017. The Cabinet Secretary in a letter to the Secretaries of the different Ministries/Departments has further mentioned that the GST Facilitation Cell can preferably be managed by a small core team headed by the Economic Adviser or any other designated officer of the respective Ministry/Department. He said while the Department of Revenue, Ministry of Finance is making the Help lines operational for any individual tax payer to seek resolution of any legal or IT related issues, the GST Facilitation Cell, on the other hand, could serve as the first point of contact for addressing any issue being faced by any business or industrial sector related to the respective Ministry. The Cabinet Secretary further added that this would greatly facilitate the roll-out of GST. The Cabinet Secretary in his letter to the Secretaries of the different Ministries/Departments has also asked them to ensure that all Public Sector Units (PSUs) under the administrative control of their respective Ministry/Department are GST Compliant before 1st July, 2017. He asked the Secretaries to have meeting(s) with all the CMDs/Chair Persons of the PSUs, if any, under their charge in order to sensitize them towards GST roll-out. The Cabinet Secretary further added that preferably each PSU may constitute a GST Cell, which, in turn, should be fully equipped with the complete knowledge of all the relevant GST Act/Rules/Rate Structure etc.

The Cabinet Secretary, Shri P.K.Sinha has further stated that to ensure smooth and successful roll-out of GST, it is essential that all stakeholders, both in the Government as well outside, are adequately prepared for the roll-out. Therefore, it is imperative to ensure that all sectors/businesses are GST ready before 1st July, 2017.

Earlier, the Revenue Secretary, Dr. Hasmukh Adhia had also written to the Secretaries of the different Ministries/Departments that there is an urgent need for all the Central Governments Ministries/PSUs (working under them) to be made aware of the basic features of GST Law and procedures, including implication in their respective areas of work. The Revenue Secretary had stated that the PSUs and other entities who are likely to pay GST need to be GST ready.

The Revenue Secretary, Dr. Adhia had also mentioned that the new scheme of tax administration will have an impact on the work of various Ministries/Departments including PSUs and other autonomous bodies who are involved in the economic activity in one way or the other, therefore, there is need for a time bound schedule for undertaking GST awareness campaign and training programme for the officials of the respective Ministry/Department. The Revenue Secretary stated that National Academy of Customs, Excise and Narcotics (NACEN) has been mandated to conduct the GST training for the officers as well as for the representatives of trade and industry. He said that NECAN has a panel of resource persons/master trainers across India and would be happy to provide required assistance in this regard.

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Board of Cineline India recommends final dividend
Jun 06,2017

Cineline India announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of CSL Finance recommends final dividend
Jun 06,2017

CSL Finance announced that the Board of Directors of the Company at its meeting held on 23 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 Empire Industries recommends final dividend
Jun 06,2017

Empire Industries announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Wipro recognised as Leader for Oracle Applications Services
Jun 06,2017

Wipro announced that it has been positioned as a Leader in Gartners Magic Quadrant North America & Europe, Middle East and Africa 2016-17 for Oracle Applications Services.

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FPIs continue buying
Jun 06,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 499.87 crore from the secondary equity markets on 5 June 2017, higher than net inflow of Rs 255.35 crore on 2 June 2017. On that day, the Sensex rose 36.20 points or 0.12% to settle at 31,309.49, a record closing high.

The net inflow of Rs 499.87 crore on 5 June 2017 was a result of gross purchases of Rs 4279.28 crore and gross sales of Rs 3779.41 crore.

There was a net outflow of Rs 611.61 crore from the category primary market & others on 5 June 2017, which was a result of gross purchases of Rs 0.96 crore and gross sales of Rs 612.57 crore.

FPIs have purchased stocks worth a net Rs 1462.23 crore from the secondary equity markets in June 2017 so far (till 5 June 2017). FPIs had bought stocks worth a net Rs 2807.24 crore in May 2017.

FPIs have purchased shares worth a net Rs 39111.62 crore from the secondary equity markets in calendar year 2017 so far (till 5 June 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have sold stocks worth a net Rs 779.57 crore into the category primary market & others in June 2017 so far (till 5 June 2017). FPIs had purchased stocks worth a net Rs 4904.17 crore from the category primary market & others in May 2017.

FPIs have purchased shares worth a net Rs 11308.52 crore from the category primary markets & others in calendar year 2017 so far (till 5 June 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Board of Bayer CropScience approves buyback of shares
Jun 06,2017

Bayer CropScience announced that the Board of Directors of the Company at its meeting held on 06 June 2017 has approved buyback proposal for purchase of up to 1020408 equity shares of Rs 10 each (representing 2.89% of the equity capital) at a price of Rs 4900 per share aggregating Rs 500 crore.

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Bharatiya Global Infomedia consolidated net profit declines 84.04% in the March 2017 quarter
Jun 06,2017

Net profit of Bharatiya Global Infomedia declined 84.04% to Rs 0.15 crore in the quarter ended March 2017 as against Rs 0.94 crore during the previous quarter ended March 2016. Sales rose 12.87% to Rs 12.45 crore in the quarter ended March 2017 as against Rs 11.03 crore during the previous quarter ended March 2016.

For the full year,net profit rose 37.50% to Rs 0.88 crore in the year ended March 2017 as against Rs 0.64 crore during the previous year ended March 2016. Sales rose 29.38% to Rs 40.21 crore in the year ended March 2017 as against Rs 31.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales12.4511.03 13 40.2131.08 29 OPM %7.5523.12 -7.1616.22 - PBDT0.872.50 -65 2.604.80 -46 PBT0.431.63 -74 0.811.34 -40 NP0.150.94 -84 0.880.64 38

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RPP Infra Projects consolidated net profit declines 3.96% in the March 2017 quarter
Jun 06,2017

Net profit of RPP Infra Projects declined 3.96% to Rs 6.54 crore in the quarter ended March 2017 as against Rs 6.81 crore during the previous quarter ended March 2016. Sales rose 81.97% to Rs 117.59 crore in the quarter ended March 2017 as against Rs 64.62 crore during the previous quarter ended March 2016.

For the full year,net profit rose 18.50% to Rs 22.74 crore in the year ended March 2017 as against Rs 19.19 crore during the previous year ended March 2016. Sales rose 16.41% to Rs 366.34 crore in the year ended March 2017 as against Rs 314.69 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales117.5964.62 82 366.34314.69 16 OPM %10.0818.21 -13.1014.44 - PBDT8.978.27 8 35.6328.71 24 PBT7.657.08 8 30.5823.82 28 NP6.546.81 -4 22.7419.19 18

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Sinnar Bidi Udyog reports consolidated net loss of Rs 0.02 crore in the March 2017 quarter
Jun 06,2017

Net loss of Sinnar Bidi Udyog reported to Rs 0.02 crore in the quarter ended March 2017 as against net profit of Rs 0.08 crore during the previous quarter ended March 2016. Sales declined 21.43% to Rs 2.09 crore in the quarter ended March 2017 as against Rs 2.66 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net profit of Rs 0.21 crore during the previous year ended March 2016. Sales declined 14.50% to Rs 8.49 crore in the year ended March 2017 as against Rs 9.93 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.092.66 -21 8.499.93 -15 OPM %3.8313.53 -5.8910.47 - PBDT-0.010.24 PL 0.100.48 -79 PBT-0.030.22 PL 0.030.41 -93 NP-0.020.08 PL 00.21 -100

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Shailja Commercial Trade Frenzy reports standalone nil net profit/loss in the March 2017 quarter
Jun 06,2017

Shailja Commercial Trade Frenzy reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales rose 583.33% to Rs 0.82 crore in the quarter ended March 2017 as against Rs 0.12 crore during the previous quarter ended March 2016.

For the full year,net profit rose 200.00% to Rs 0.03 crore in the year ended March 2017 as against Rs 0.01 crore during the previous year ended March 2016. Sales rose 18.82% to Rs 1.01 crore in the year ended March 2017 as against Rs 0.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.820.12 583 1.010.85 19 OPM %1.22-16.67 -3.961.18 - PBDT0.01-0.02 LP 0.040.01 300 PBT0.01-0.02 LP 0.040.01 300 NP0-0.02 100 0.030.01 200

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Vani Commercial reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
Jun 06,2017

Net profit of Vani Commercial reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.01 crore during the previous quarter ended March 2016. Sales declined 30.00% to Rs 0.07 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016.

For the full year,net profit remain constant at Rs 0.02 crore in the year ended March 2017 and also during the previous year ended March 2016. Sales rose 3.57% to Rs 0.29 crore in the year ended March 2017 as against Rs 0.28 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.070.10 -30 0.290.28 4 OPM %28.57-10.00 -10.343.57 - PBDT0.03-0.01 LP 0.040.03 33 PBT0.03-0.01 LP 0.040.03 33 NP0.01-0.01 LP 0.020.02 0

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