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

Moodys 2017 outlook for Asia Pacific sovereigns stable; reforms, external and political pressures will drive credit profiles
Jan 10,2017

Moodys Investors Service says that the 2017 outlook for the creditworthiness of sovereigns in Asia Pacific is stable overall, reflecting a mix of credit-supportive and credit-challenging factors.

Rising income levels and strengthening institutions will offer support to several sovereign credit profiles in the region. However, although GDP growth in the region remains relatively robust, lackluster growth in global trade and capital outflows may weigh on the credit profiles of those more dependent on external demand or financing. Given this context, credit outcomes in 2017 will be determined by the effectiveness of ongoing reform efforts and the evolution of political risks.

The report explains that most Moodys-rated sovereigns in Asia Pacific carry ratings with stable outlooks, but negatives outlooks outnumber positive ones. Specifically, in terms of the 24 sovereigns that Moodys rates in Asia Pacific, there were 18 stable outlooks as of 10 January 2017, four negative and two positive.

Moodys further points out that rating actions in 2016 were overwhelmingly negative, with 10 negative and only one positive over the course of the year. The sources of shock have varied, but in 2016, 38% of rated Asia Pacific sovereigns experienced a decline in their fiscal strength, while for 42%, Moodys sees a higher susceptibility to event risk when compared with the situation the year before.

Moodys GDP growth forecasts already take into account expectations of slow global trade, which are particularly relevant for export-reliant economies like Hong Kong (Aa1 negative), Korea (Aa2 stable), Singapore (Aaa stable) and Taiwan (Aa3 stable).

The report points out that in the context of downside risks to the global growth outlook and the possibility of faster increases in US interest rates than investors currently assume, capital inflows to emerging markets could taper abruptly.

Direct exposure to capital flows is highest when financing needs are large to cover current account or external debt payments. In Asia Pacific, Mongolia (Caa1 stable), and to a lesser extent, Sri Lanka (B1 negative), Malaysia (A3 stable) and Indonesia (Baa3 stable), are among the most vulnerable.

In China (Aa3 negative), large official reserves provide ample external liquidity. However, tighter external financing and potentially increasing capital outflows could limit the effectiveness of domestic financial policies.

In addition to external trade and financing pressures, a key driver of sovereign credit trends will be the policy efforts of governments themselves. Moodys points out that authorities are formulating policies that range from those that address acute near term challenges to those that set the stage for longer-term improvements in credit profiles. However, capacities to implement these policies differ across countries as evident in Moodys scores for Institutional Strength, which vary greatly across the region.

The capacity of governments to implement measures and the effectiveness of policies in achieving the respective governments objectives will shape the sovereigns credit profiles over the coming year. In particular, in India (Baa3 positive), Indonesia (Baa3 stable) and the Philippines (Baa2 stable), ongoing implementation of reforms is likely to boost medium-term growth.

Moodys notes political risk is unlikely to abate in 2017, pointing out that latent political risk that prevailed in parts of APAC has, in some cases, flared up. Were domestic or geopolitical tensions to escalate, they would exacerbate the negative credit drivers or derail credit-supportive factors in the region. For instance, political developments could interfere with the ability of governments to implement reforms and would exacerbate the negative growth impact of slower global trade and capital flow reversals.

Powered by Capital Market - Live News

Gandhi Special Tubes fixes record date for interim dividend
Jan 10,2017

Gandhi Special Tubes has fixed 03 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if considered and declared by the Board of Directors in its meeting to be held on 24 January 2017.

Powered by Capital Market - Live News

Simplex Papers to consider December quarter results
Jan 10,2017

Simplex Papers announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017, inter alia, to consider and adoption of Un-audited Financial Results for the quarter ended 31 December 2016,

Powered by Capital Market - Live News

Board of Shiva Cement to consider proposal for purchase of promoters stake
Jan 10,2017

Shiva Cement announced that the Board Meeting of Directors of the Company will be held on 10 January 2017, inter alia, to transact following business:

- To consider proposal of a Cement Company for purchasing Promoters shares in Shiva Cement and thereby enabling them to invest and expand Plant capacity of Shiva Cement.

Powered by Capital Market - Live News

Kirloskar Ferrous Industries to announce Q3 and 9M results
Jan 10,2017

Kirloskar Ferrous Industries announced that the meeting of the Board of Directors of the Company is scheduled to be held on 23 January 2017 to consider and approve, inter-alia, the Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of UltraTech Cement to consider Q3 results
Jan 10,2017

UltraTech Cement announced that a meeting of the Board of Directors of the Company will be held on 21 January 2017, inter alia, to consider and approve the un-audited financial results of the Company for the quarter ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Board of Chokhani Securities to consider December quarter results
Jan 10,2017

Chokhani Securities announced that meeting of Board of Directors of Company is scheduled to be held on 09 February 2017, inter alia, to consider Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Sagar Cements to announce Q3 and 9M results
Jan 10,2017

Sagar Cements announced that a meeting of the Board of Directors of our Company will be held on 25 January 2017, inter-alia, to consider and take on record the un-audited stand alone and consolidated financial results of the Company for the third quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Vindhya Telelinks announces change in company secretary
Jan 10,2017

Vindhya Telelinks announced Ashok Mishra, Company Secretary & Compliance Officer, a Key Managerial Personnel of the Company, has resigned from the services of the Company with effect from close of business hours on 10 January 2017. The Board of Directors of the Company has appointed Raj Kumar Agarwal as the Company Secretary & Compliance Officer of the Company with effect from 11 January 2017.

Powered by Capital Market - Live News

Suraj to announce December quarter results
Jan 10,2017

Suraj announced that a Meeting of the Board of Directors of the Company will be held on 23 January 2017, to consider and approve inter alia, Financial Results for the quarter ended 31 December 2016 along with the other routine business.

Powered by Capital Market - Live News

India & Portugal to work out a co-production agreement in Films Sector
Jan 10,2017

India and Portugal have agreed to work out modalities for a co-production agreement in the Film Sector. The agreement would be framed in a time-bound manner keeping in mind the legal aspects of such an agreement. A possibility of an MoU between the Public Broadcasters of both the Countries to share best practices and seek cooperation in Technical and Content related matters was also discussed. The discussions took place during a meeting between Minister of State for Information & Broadcasting Col. Rajyavardhan Rathore and Portugal Minister of Culture, Mr. Luis Filipe Castro Mendes.

During the deliberations, Col. Rathore apprised the Portuguese Minister on the initiatives taken by Ministry of I&B to provide Single Window clearances for Foreign Film Producers in the country through the Film Facilitation Office. He also highlighted the prestigious National Film Heritage Mission of the Government to Digitise, Restore, Preserve the rich filmic heritage of the Country.

Speaking on the occasion, the Minister also apprised the Portuguese Minister about the IIMC and FTII as the premier educational institutes in the field of Journalism and Film Production respectively in the country. The Ministers also discussed the possibility of Student Exchange programmes between educational institutions of both the countries. Ministers also expressed interest for possible co-operation in the areas of Renewable energy, information and communication technology and Start-ups.

The Ministers also expressed interest in sharing of experiences and best practices in Social Media to enhance the outreach.

Powered by Capital Market - Live News

MRPL leads gainers in A group
Jan 10,2017

MRPL jumped 5.52% to Rs 113.80 at 13:21 IST. The stock topped the gainers in the BSEs A group. On the BSE, 7.16 lakh shares were traded on the counter so far as against the average daily volumes of 4.57 lakh shares in the past two weeks.

Punj Lloyd surged 5.22% to Rs 21.15. The stock was the second biggest gainer in A group. On the BSE, 6.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past two weeks.

Hindustan Copper gained 5.11% at Rs 67.85. The stock was the third biggest gainer in A group. On the BSE, 9.89 lakh shares were traded on the counter so far as against the average daily volumes of 4.78 lakh shares in the past two weeks.

Gujarat State Fertilizers & Chemicals advanced 4.73% at Rs 113. The stock was the fourth biggest gainer in A group. On the BSE, 13.91 lakh shares were traded on the counter so far as against the average daily volumes of 6.41 lakh shares in the past two weeks.

Ramco Cements rose 4.23% to Rs 600.85. The stock was the fifth biggest gainer in A group. On the BSE, 20,000 shares were traded on the counter so far as against the average daily volumes of 76,000 shares in the past two weeks.

Powered by Capital Market - Live News

Board of Uniroyal Industries to consider December quarter results
Jan 10,2017

Uniroyal Industries announced that the meeting of the Board of Directors of the company will be held on 31 January 2016, inter alia, to consider and take on record the Un Audited Financial Results for the Quarter ended on 31 December 2016.

Powered by Capital Market - Live News

JSW Steel to announce Q3 results
Jan 10,2017

JSW Steel announced that a meeting of the Board of Directors has been convened to be held on 31 January 2017, inter alia, to consider the Un-audited Standalone & Consolidated Financial results of the Company for the quarter ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Shiva Cement logs concrete gains on likely change of guard
Jan 10,2017

The company announced the board meeting after trading hours yesterday, 9 January 2017.

Meanwhile, the S&P BSE Sensex was up 135.50 points, or 0.51% at 26,862.05

On the BSE, 18.56 lakh shares were traded on the counter so far as against the average daily volumes of 6.76 shares in the past one quarter.

The stock hit a high of Rs 13.15 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 12.20 so far during the day. The stock hit a 52-week low of Rs 4.15 on 25 February 2016. The stock had outperformed the market over the past 30 days till 9 January 2017, gaining 26.95% compared with Sensexs 0.08% fall. The scrip had also outperformed the market in past one quarter, surging 46.55% as against Sensexs 4.83% decline.

The small-cap company has equity capital of Rs 37.40 crore. Face value per share is Rs 2.

Shiva Cement said that the board meeting of directors of the company will be held on 10 January 2017, to consider proposal of a cement company for purchasing promoters shares in Shiva Cement and thereby enabling them to invest and expand plant capacity of Shiva Cement. Promoter holding stood at 37.15% (as at 30 September 2016).

Shiva Cement was incorporated in the year 1985 and first commercial production commenced in 1986. The companys manufacturing facility is located at Orissa. Both Portland Slag Cement (PSC) and Portland Pozzolana Cement (PPC) are produced and marketed under Sumangal brand.

Powered by Capital Market - Live News