My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
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.

Powered by Capital Market - Live News

Balrampur Chini Mills standalone net profit rises 100.94% in the December 2016 quarter
Feb 13,2017

Net profit of Balrampur Chini Mills rose 100.94% to Rs 175.20 crore in the quarter ended December 2016 as against Rs 87.19 crore during the previous quarter ended December 2015. Sales rose 10.42% to Rs 937.28 crore in the quarter ended December 2016 as against Rs 848.87 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales937.28848.87 10 OPM %26.2813.85 - PBDT253.18114.82 121 PBT227.5587.37 160 NP175.2087.19 101

Powered by Capital Market - Live News

Idea Cellular plans to issue NCDs aggregating Rs 500 crore
Feb 13,2017

Idea Cellular announced that it its proposing to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 500 crore on private placement basis. The deemed date of allotment is 14 February 2017.

Powered by Capital Market - Live News

Tax Collection at Source within the ambit of Model GST Law presents an existential challenge for the e-commerce marketplaces
Feb 13,2017

E-Commerce is one of the flourishing sectors of the country and has remained as a core part of the Governments Start up India, Make in India, Digital India and Skilled India programs. The sector needs to be nurtured with right policy framework and guidelines in order to make it more productive.

FICCI appreciates the Government for the passing of the much awaited Goods and Services Tax Bill and is certain that the implementation of GST will help in increasing the productivity and transparency in the country by increasing the tax-GDP ratio. Moreover, the much awaited One-Country-One-Tax policy will be implemented in the greater interest of the national economy.

However, the draft Model GST law that is due to be finalized soon has proposed a clause called Tax Collection at Source (TCS - Section 56). The Tax Collection at Source (TCS - Section 56) clause under the GST draft model law, mandates e-commerce marketplaces, to deduct 2% of the transaction value and submit it to the government. As an estimate, this clause would lead to locking up about Rs. 400 crores of capital per annum for the e-commerce sector. In addition, it would result in a loss of an estimated 1.8 lakh jobs, putting a halt to the growth and investments in the sector.

TCS would have a direct impact on the sellers of the marketplace, who are generally small in nature with a turnover in the range of INR 50 lakhs to INR 10 crores per annum. The ecommerce marketplace model facilitates sellers in maximising their capital efficiency by rotating it frequently, which helps to provide the volumes required to generate profit for the sellers. Blocking capital, would disrupt the cash flow, thus making it difficult for sellers to generate profits. Additionally, TCS is bound to increase the working capital requirements for the sellers, who might resort to increasing margins or internalising the costs, to cover the additional burden. There is a need to find out alternatives which could be employed to ensure that regular information on tax, is made available to the government, without jeopardising the business model and future growth prospects of the nascent e-commerce sector.

Dr Didar Singh, Secretary General, FICCI appreciated the moves of the Government towards digitization and formalization of the economy further, and quoted the recent example of demonetization in this perspective. He added that passing of the much awaited GST Bill would bring further uniformity in the market and boost the national economy. However, he stressed that there is a need to have a conducive tax environment for the sector as also reflected in the agenda of World Trade Organization (WTO) globally. The Tax Collection at Source (TCS) clause within the Model GST Law mandates the e-commerce marketplaces to deduct a portion of the amount payable to the supplier of goods / services and remit it to the government. At the moment, the e-commerce sector in India is at less than 2% of the entire retail segment and moreover, at a very nascent stage, with a promise of high growth in the future. Subjecting the sector to a major compliance at such an early stage will not only result in slowing it down but also deter the benefits that e commerce fosters in terms of employment creation and giving a boost to both the manufacturing and services space by providing an apt platform. Moreover, this clause is discriminatory towards online sellers as it does not exist in the offline retail segment.

Dr. Singh backed that the Government should find out alternative ways to replace the clause, may be the information related to the sellers declared to the Government would be the best feasible option available. He also stressed that the sector is one of the core pillars of the Governments Digital India campaign and is needed to be nurtured with right set of policy frameworks and guidelines.

Mr. Kunal Bahl, Co-founder and CEO, Snapdeal said that GST is a key tax reform, which will simplify the tax compliance burden for the entire economy. However, the proposal of tax collection at source, directed only at e-commerce marketplaces, in the Draft Model GST Law, will hurt lakhs of small sellers by making online sales expensive and cumbersome for them. The proposal, while adding needless complexity for the sellers, provides no benefit to the tax authorities and will lead to duplication of information followed by the need for its reconciliation. It is a measure, which goes against the spirit of making India digital and improving the ease of doing business in the country. We are positive that the government will address this crucial concern.n++

Mr. Amit Agarwal, Country Head, Amazon India mentioned that n++we welcome the introduction of the new GST Bill. E-commerce has opened up immense growth opportunities for Small & Medium Businesses by enabling easy and convenient access to not only a nationwide consumer base but also to global markets. We believe GST is good for the ecommerce industry as it would eliminate hurdles in inter-state delivery and subsume the entry tax introduced on e-commerce shipments by some states. However, we remain concerned about the Tax Collection at Source provision which we believe will negatively impact the growth of marketplaces at a stage when the industry is still in its infancy. There is an urgent need to re-evaluate such an onerous requirement/ we are working with the government on this and hope for a favourable resolution.n++

Mr. Sachin Bansal, Co-founder & Executive Chairman, Flipkart said n++the Indian e-commerce growth story is marvellous. Flipkart alone has on boarded around ten thousand sellers and has contributed a lot towards the growth of first generation entrepreneurs, Im sure that the other companies have the similar numbers. GST is in fact one of the most forward looking moves being made by the Government and would bring the one country - One Tax policy. However, the Tax Collection at Source (TCS) clause would lead to blockage approx. Rs. 400 crore of working capital into the system, and will discourage sellers to come online. Also, the Government needs to set a level playing field as the clauses is not pertinent to the off-line retail segment. Central and the state Governments needs to find out alternative ways to address the situation and the e commerce platforms may give a self-declaration about the taxes being reimbursed by the sellers. Some of the states namely Kerala, Rajasthan and Delhi are already doing the same. Im sure that the clause would be removed in the greater benefit of the Indian digital space as a whole.

Powered by Capital Market - Live News

Tijaria Polypipes announces resignation of company secretary
Feb 13,2017

Tijaria Polypipes announced that Purvi Jain has resigned from the post of Company Secretary with effect from closure of working hours of 11 February 2017 and the Board of Directors has approved the same in their meeting held on 11 February 2017.

Consequent to her resignation as Company Secretary, Purvi Jain also ceases to be Compliance Officer of the Company.

Powered by Capital Market - Live News

Intellect Design Arena partners with Malaysias Al Rajhi Bank
Feb 13,2017

Intellect Design Arena announced that its global transaction banking division, iGTB has signed a deal with Al Rajhi Bank to implement a comprehensive digital banking transformation of its corporate and retail banking services in Malaysia.

Powered by Capital Market - Live News

Shreyas Shipping hits the roof after robust Q3 results
Feb 13,2017

The result was announced on Saturday, 11 February 2017.

Meanwhile, the BSE Sensex was up 15.73 points, or 0.06%, to 28,349.98.

On the BSE, so far 3.49 lakh shares were traded in the counter, compared with average daily volumes of 12,066 shares in the past one quarter. The stock had hit a high of Rs 289.65 and a low of Rs 255 so far during the day.

The stock hit a 52-week high of Rs 464.55 on 11 July 2016. The stock hit a 52-week low of Rs 133.10 on 17 February 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 14.11% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, falling 1.41% as against Sensexs 5.65% decline.

The small-cap company has equity capital of Rs 21.96 crore. Face value per share is Rs 10.

Shreyas Shipping & Logistics, the Indian flagged vessel owning unit of Transworld Group, is a pioneer and market leader in domestic coastal container shipping covering all main ports and container terminals on the Indian coast. SSL, which has a fleet of 9 vessels with a capacity of over 13500 TEUs, also offers services to the Middle East and Bangladesh.

Powered by Capital Market - Live News

Larsen & Toubro and MBDA form a JV company named - L&T MBDA Missile Systems
Feb 13,2017

Larsen & Toubro and MBDA, a world leader in missile systems, have set up a joint venture (JV) to develop and supply missiles and missile systems to meet the growing potential requirements of the Indian armed forces.

The Joint Venture Company, named L&T MBDA Missile Systems, will operate from a dedicated work centre, which will include pyrotechnical integration and final checkout facilities. It is expected to be incorporated in the first half of 2017 after necessary approvals.

L&T will own 51% of the Company and MBDA, 49%, fully complying with Indias Foreign Direct Investment (FDI) policy norms. The JV will be registered in India and conduct business as an Indian Company, subject to Indian laws. The JV would focus on business opportunities in the Missiles and Missile Systems domain and target prospects under the Buy(Indian - IDDM), Buy (Indian) and Buy & Make (Indian) categories of Defence Procurement.

To begin with, the JV Company will look to develop and supply fifth generation Anti-Tank Guided Missiles (ATGM5s), missiles for Coastal Batteries and high speed target drones.

Powered by Capital Market - Live News

Veto Switchgears & Cables director resigns
Feb 13,2017

Veto Switchgears & Cables announced Murlidhar Kaurani, Independent Director of the Company has resigned w.e.f. 13 February 2017.

Powered by Capital Market - Live News

Lords Ishwar Hotels announces resignation of director
Feb 13,2017

Lords Ishwar Hotels announced that Sanjay Mangal has resigned from Directorship w.e.f. 02 February 2017 which is approved and noted by Board of Directors in their Meeting held on 13 February 2017.

Powered by Capital Market - Live News

IFCI slides after dismal Q3 results
Feb 13,2017

The result was announced on Saturday, 11 February 2017.

Meanwhile, the BSE Sensex was down 13.61 points, or 0.05%, to 28,320.64.

On the BSE, so far 18.82 lakh shares were traded in the counter, compared with average daily volumes of 16.43 lakh shares in the past one quarter. The stock had hit a high of Rs 30.15 and a low of Rs 28.35 so far during the day.

The stock hit a 52-week high of Rs 32.60 on 3 February 2017. The stock hit a 52-week low of Rs 19.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 9.96% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.77% as against Sensexs 5.65% decline.

The mid-cap company has equity capital of Rs 1662.04 crore. Face value per share is Rs 10.

IFCIs total income fell 32.90% to Rs 635.55 crore in Q3 December 2016 over Q3 December 2015.

IFCI is a financial institution catering to the long-term finance needs of the industrial sector.

Powered by Capital Market - Live News

Emerald Leisures announces resignation of company secretary
Feb 13,2017

Emerald Leisures announced that Sony Sarkar, Company Secretary of the Company has resigned with effect from 01 February 2017.

Powered by Capital Market - Live News

Poddar Pigments fixes record date for interim dividend
Feb 13,2017

Poddar Pigments has fixed 23 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

The said Interim Dividend shall be paid/dispatched to the eligible shareholders on or before 04 March 2017.

Powered by Capital Market - Live News

CEA Advisory Could Lift Profitability of Domestic BTG Manufacturers
Feb 13,2017

The recently issued Central Electricity Authority (CEA) advisory with regard to indigenous manufacturing of supercritical equipment and doing away of the deed of joint undertaking (DJU) in case certain conditions are met is positive for the domestic Boiler-Turbine- Generator (BTG) manufacturers, says India Ratings and Research (India Ratings). India Ratings believes the effect of this advisory will have a trickle down benefit on the profitability of the BTG manufacturers with a lag of around 1.5-2.5 years, as the order execution cycle for Bharat Heavy Electricals Limiteds (BHEL; IND AA+/Negative) is 36-48 months.

The advisory is positive for BTG manufacturers in two respects. Firstly, CEA has extended the advisory dated 2nd February 2010 for a further period of three years to October 2018 from October 2015. The earlier advisory had asked the BTG procurers (central and state power generating entities) to incorporate the condition of setting up of phased indigenous manufacturing facilities in the bids to be invited for supercritical projects by them. It is interesting to note that, the advisory is only applicable to the central and state utilities and is only an advisory which cannot be enforced upon the procurers. However, India Ratings notes that most central and state utilities tend to fall in line with the CEA advisory. The private sector is free to choose from the BTG supplier. India Ratings believes that the private sector participation will remain muted since they have been hit the most on account of muted demand and lack of power purchase agreements, thus leading to the declining PLFs of 56.3% from 83.9% over 9mFY17- FY10 (Figure 1). Therefore at a time when bulk of the fresh capacity orders will come from the central and state utilities, such an extension in the timelines is positive for BTG manufacturers.

Secondly, CEA has also advised that in the event a BTG manufacturer meets three conditions then there will be no need to furnish a DJU. India Ratings believes that these conditions will be fulfilled by BHEL and hence in its future orders, it will not need to furnish DJU which is likely to increase its gross margins. The three conditions that need to be fulfilled are i) eight supercritical boilers manufactured/supplied in India by the company have achieved commercial operation ii) four such boilers should have achieved commercial operation for a duration of at-least one year and iii) performance guarantee tests have been successfully completed by any two boilers. Under the DJU clause, the domestic manufacturer has to furnish a guarantee from one of the collaborators, a large international technology company such as Siemens AG/Alstom. In order to provide guarantees, collaborators have been taking a higher share of the orders, thus impacting the gross margins of BTG manufacturers. As of October 2016, BHEL commissioned 12 sets of supercritical boilers and 10 sets of supercritical turbine generators. BHELs gross margins which have been historically stable or rising, due to BHELs indigenization efforts had declined in 9MFY16 to 37.7% and further to 36.6% during 9MFY17 (Figure 2), on account of the higher share of contracts executed under DJU clause, as the order book shifted towards supercritical projects. The order book of BHEL now has supercritical set contracts with DJU clauses, thus the gross margin expansion in India Ratings opinion is some time away. The execution of the new projects without DJU clause, will begin to reflect in the gross margins only once BHEL wins new projects.

India Ratings notes, that through this advisory, BHELs gross margins in future projects can expand, however, the overhang of slow moving order book, high employee cost, lower ordering activity given the subdued PLFs, limited participation from the private sector and stretched working capital cycle will continue to weigh on the overall financial profile of the company.

Powered by Capital Market - Live News

Fraser and Company reports standalone net loss of Rs 0.04 crore in the December 2016 quarter
Feb 13,2017

Net loss of Fraser and Company reported to Rs 0.04 crore in the quarter ended December 2016 as against net profit of Rs 0.04 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.09 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.09 -100 OPM %044.44 - PBDT-0.040.04 PL PBT-0.040.04 PL NP-0.040.04 PL

Powered by Capital Market - Live News

CIL Nova Petrochemicals standalone net profit declines 75.13% in the December 2016 quarter
Feb 13,2017

Net profit of CIL Nova Petrochemicals declined 75.13% to Rs 0.49 crore in the quarter ended December 2016 as against Rs 1.97 crore during the previous quarter ended December 2015. Sales declined 3.42% to Rs 45.52 crore in the quarter ended December 2016 as against Rs 47.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales45.5247.13 -3 OPM %5.789.00 - PBDT2.083.50 -41 PBT0.622.49 -75 NP0.491.97 -75

Powered by Capital Market - Live News