My Application Form Status

Check the status of your application form with 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

Nikki drop on weak Wall St, strong yen
Dec 30,2016

The Japan share market closed at three-week low in light trading on Friday, 30 December 2016, on taking its downward lead from the US overnight, but still hit a 20-year closing high for the final trading session of the calendar year 2016 on optimism over the incoming US government. The 225-issue Nikkei Stock Average ended down 30.77 points, or 0.16%, from Thursday at 19,114.37. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 0.22 points, or 0.01%, higher at 1,518.61. The Nikkei 225 index rose 0.42% at 19,114.37 in 2016, marking the fifth consecutive annual increase and highest year-end finish since 1996 when it ended at 19,361.35. The broader Topix index lost 1.85%, snapping four years of gains. The Japan financial market is scheduled to reopen on Wednesday after the long holiday weekend.

Powered by Capital Market - Live News

China Stocks rise slightly
Dec 30,2016

Mainland China stock market saw a slight upturn on the last trading day of 2016 (Friday, 30 December 2016), due to bargain buying on recently battered stocks, but this didnt help it to rebound from a loss of over 110 percent this year. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, rose 0.38% to 3,430.25, while the Shanghai Composite Index rose 0.45% to 3,210.37 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.15% to 1,969.11. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.14% to close at 1,962.06 points. The CSI 300 Index ended the year with a 10.37% loss. The Shanghai Composite index ended trading 12.46% down in 2016, while the Shenzhen Composite tumbled 14.72% this year.

Powered by Capital Market - Live News

Board of Shilpi Cable Technologies approves acquisition of UAE based company
Dec 30,2016

Shilpi Cable Technologies announced that Board of Directors of the Company in their meeting held on 30 December 2016, approved:

- Acquisition of 100% shareholding of Gulf Aglow LED Lighting FZCO (GAL), a UAE based company incorporated within the laws of UAE. The GAL is engaged in the manufacturing of lighting products.

Powered by Capital Market - Live News

Hong Kong Stocks up 0.96%
Dec 30,2016

The Hong Kong stock market closed up on the last trading day of 2016 (Friday, 30 December 2016), but the main indexes ended 2016 near where they started after a volatile 12 months. All sectors in Hong Kong gained ground on Friday, with the raw materials and services sectors among the best performers. Hong Kongs benchmark Hang Seng Index closed 209.65 points, or 0.96%, higher at 22,000.56. The Hang Seng China Enterprises Index, known as the H-shares index, added 82.11 points, 0.88%, to 9,394.87. For the whole year, the index gained 86 points. Turnover increased to HK$53.8 billion from HK$52.5 billion on Thursday.

Powered by Capital Market - Live News

India and Singapore Sign a Third Protocol for Amending the Double Taxation Avoidance Agreement (DTAA)
Dec 30,2016

India and Singapore have amended the DTAA for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, by signing a Third Protocol today. This is in line with Indias treaty policy to prevent double non-taxation, curb revenue loss and check the menace of black money through automatic exchange of information, as reflected in Indias recently revised treaties with Mauritius and Cyprus and the joint declaration signed with Switzerland.

The Protocol for amendment of the India-Mauritius Convention signed on 10th May, 2016, provides for source-based taxation of capital gains arising from alienation of shares acquired from 1st April, 2017 in a company resident in India. Simultaneously, investments made before 1st April, 2017 have been grandfathered and will not be subject to capital gains taxation in India. Where such capital gains arise during the transition period from 1st April, 2017 to 31st March, 2019, the tax rate will be limited to 50% of the domestic tax rate of India. However, the benefit of 50% reduction in tax rate during the transition period shall be subject to the Limitation of Benefits Article. Taxation in India at full domestic tax rate will take place from financial year 2019-20 onwards.

The revised DTAA between India and Cyprus signed on 18th November, 2016, provides for source based taxation of capital gains arising from alienation of shares, instead of residence based taxation provided under the DTAA signed in 1994. However, a grandfathering clause has been provided for investments made prior to 1st April, 2017, in respect of which capital gains would continue to be taxed in the country of which taxpayer is a resident. It also provides for assistance between the two countries for collection of taxes and updates the provisions related to Exchange of Information to accepted international standards.

Fighting the menace of Black Money stashed in offshore accounts has been a key priority area for the Government. To further this goal, the Joint Declaration for the implementation of Automatic Exchange of Information (AEOI) between India and Switzerland was signed in November, 2016. It will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years, on an automatic basis.

The India-Singapore DTAA at present provides for residence based taxation of capital gains of shares in a company. The Third Protocol amends the DTAA with effect from 1st April, 2017 to provide for source based taxation of capital gains arising on transfer of shares in a company. This will curb revenue loss, prevent double non-taxation and streamline the flow of investments. In order to provide certainty to investors, investments in shares made before 1st April, 2017 have been grandfathered subject to fulfillment of conditions in Limitation of Benefits clause as per 2005 Protocol. Further, a two year transition period from 1st April, 2017 to 31st March, 2019 has been provided during which capital gains on shares will be taxed in source country at half of normal tax rate, subject to fulfillment of conditions in Limitation of Benefits clause.

The Third Protocol also inserts provisions to facilitate relieving of economic double taxation in transfer pricing cases. This is a taxpayer friendly measure and is in line with Indias commitments under Base Erosion and Profit Shifting (BEPS) Action Plan to meet the minimum standard of providing Mutual Agreement Procedure (MAP) access in transfer pricing cases. The Third Protocol also enables application of domestic law and measures concerning prevention of tax avoidance or tax evasion.

Powered by Capital Market - Live News

Speciality Restaurants provides operations update
Dec 30,2016

Speciality Restaurants announced that the Company has converted Shacks restaurant to Hoppipola located at Mani Square, 4th Floor, Shop Nos. 403/404, 164/1, Manicktala Main Road, (EM Bypass), Kolkata - 700054 with effect from 29 December 2016.

Powered by Capital Market - Live News

Premier Explosives bags order from Ministry of Defence
Dec 30,2016

Premier Explosives has bagged an order from Air Head Quarters, Ministry of Defence for supply of Chaffs and flares worth Rs 33.18 crore.

Powered by Capital Market - Live News

Karnataka Bank appoints director
Dec 30,2016

Karnataka Bank has appointed Dharmasthala Surendra Kumar as Additional Director at board meeting held on 29 December 2016.

Powered by Capital Market - Live News

Tata Teleservices (Maharashtra) gets downgrad in long term issuer rating
Dec 30,2016

Tata Teleservices (Maharashtra) announced that India Ratings & Research (Ind-Ra) has downgraded the rating on the Long-Term Issuer Rating and the rating on Rs 750 crore Non-Convertible Debentures of the Company to IND A from IND A+ and the Outlook is Negative.

Powered by Capital Market - Live News

Jubilant FoodWorks grants stock options
Dec 30,2016

Jubilant FoodWorks announced that the Nomination, Remuneration and Compensation Committee of the Company has, in its meeting held on 30 December 2016 granted 10,272 and 14,528 stock options under the JFL Employees Stock Option Scheme, 2011 and JFL Employees Stock Option Scheme 2016, respectively.

Powered by Capital Market - Live News

State Bank of Travancore raises Tier I Capital aggregating Rs 600 crore
Dec 30,2016

State Bank of Travancore has allotted 6000 Basel III compliant, unlisted, non convertible, perpetual. unsecured subordinated, fully paid up Basel III compliant Additional Tier I Bonds for inclusion in Tier I Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each aggregating Rs 600 crore at a coupon rate of 8.50% per annum of private placement basis with a call option on 30 December 2021.

Powered by Capital Market - Live News

Awareness about Copyrights pertaining to Film and TV Industry emphasised to counter piracy
Dec 30,2016

The Department of Industrial Policy and Promotion (DIPP) convened a meeting of Stakeholders including producers from film and TV industry to discuss copyright and related issues concerning the industry on 28 December 2016. The meeting was chaired by Mr. Rajiv Aggarwal, Joint Secretary

The Department appreciated the efforts being initiated by the Telangana Intellectual Property Crime Unit (TIPCU) to curb piracy of copyright protected material and expressed the need to adopt this model by other states also to check this menace within their respective jurisdiction. The participants also expressed their views on various provisions of the Copyright Law and their effective implementation to counter piracy. The department exhorted the industry to undertake measures to create awareness in the general public, especially the youth, about piracy and its ill-effects.

Powered by Capital Market - Live News

Board of Lakshmi Precision Screws appoints director
Dec 30,2016

Lakshmi Precision Screws announced that the Board of Directors of the Company at its meeting held on 30 December 2016 has approved the appointment of Saumitra Choudhury as Additional Independent Director with effect from 30 December 2016.

Powered by Capital Market - Live News

Board of IP Rings to consider rights issue
Dec 30,2016

IP Rings announced that a Meeting of the Board of Directors of the Company will be held on 04 January 2017, to consider the Rights entitlement ratio, Issue Price, and Record Date, in connection with the proposed Rights Issue.

Powered by Capital Market - Live News

Bombay Oxygen Corporation intimates of termination of gas supply agreement
Dec 30,2016

Bombay Oxygen Corporation announced that Mukand has terminated the agreement of supply of gases from Kalwe unit of the Company w.e.f. 01 January 2017.

Powered by Capital Market - Live News