My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Board of Venkys (India) to consider September quarter and half year results
Nov 30,2016

Venkys (India) announced that meeting of the Board of Directors of the Company will be held on 06 December 2016, inter alia, to consider, approve and take on record the Audited Financial Results (prepared in accordance with Circular dated 05 July 2016) of the Company for quarter and half year ended 30 September 2016.

Powered by Capital Market - Live News

Supreme Petrochem gets upgradation in ratings for bank facilities
Nov 30,2016

Supreme Petrochem announced that India Ratings and Research (India-Ra) has upgraded Supreme Petrochem (SPL) Long Term Issuer Ratings to IND A+ from IND A. The outlook is stable. The agency has also taken following rating actions on SPL bank facilities :

-Rs 100 crore fund-based limits: upgraded to IND A+/Stable/IND A1+ from IND A/IND A1-Rs 1120 crore (reduced from Rs 1185 crore) non-fund based limits: upgraded to IND A+/Stable/ IND A1+ FROM IND A/IND A1.

Powered by Capital Market - Live News

Emerging East Asian Bond Yields Rise Amid Uncertainties on US Economic Policy
Nov 30,2016

Bond yields in most emerging East Asian markets rose between 31 October and mid-November due to increased concerns over the direction of United States (US) economic policy, according to the Asian Development Banks (ADB) latest Asia Bond Monitor.

n++Strong fundamentals such as high levels of foreign reserves will help emerging East Asia withstand the short-term impacts of a likely US rate hike,n++ said Juzhong Zhuang, ADBs Deputy Chief Economist.

Local currency bond yields increased in nearly all markets in emerging East Asia which saw upticks in the 2-year and 10-year bond yields except for the Peoples Republic of Chinas (PRC) 2-year bond, which was unchanged.

All of the regions currencies depreciated against the US dollar in the wake of the US election. Equity markets weakened throughout the region except in the PRC and Singapore.

Emerging East Asias outstanding local currency bonds grew by 3.3% quarter-on-quarter and 19.2% year-on-year, reaching $10.4 trillion by end September. Local currency bond issuance, meanwhile, fell to $1.2 trillion in Q3 2016 from $1.3 trillion in Q2 2016 due to a contraction in bond sales in the PRC and the Republic of Korea. The PRC remains the regions largest bond market, accounting for 68.8% of total bond stock, valued at $7.2 trillion.

The report notes several risks for emerging East Asian bond markets. These include market reactions to the prospective rate hike by the US Federal Reserve and the uncertainty with respect to the economic policy of the new US administration. Further, continued global risk aversion toward emerging markets and the threat of rising protectionism could unsettle the regions markets. A n++hard Brexitn++ could also have repercussions for emerging East Asia due to the regions financial links with Europe.

The Asia Bond Monitor also reports findings from its annual bond market survey which provides an assessment of emerging East Asian bond market liquidity. The survey conducted in late September and early October noted that overall liquidity conditions improved in 2016 from a year earlier. Survey respondents said that diversifying investors in bond markets is the most important factor to help improve liquidity in the regions bond markets.

The report includes a special chapter that explores the determinants of infrastructure bond market development in Asia and derives policy implications for the region. The report finds that while meaningful progress has been made in the development of infrastructure bond markets, supported by the Association of Southeast Asian Nations Plus Three (ASEAN+3) regional financial cooperation initiatives, multilateral institutions can further help develop infrastructure bond markets in the region through credit guarantees.

Powered by Capital Market - Live News

Amtek Auto, Metalyst Forgings and Castex Technologies edge higher
Nov 30,2016

The announcement was made during market hours today, 30 November 2016.

Amtek Auto (up 4.61% at Rs 41.95), Metalyst Forgings (up 0.87% at Rs 69.70) and Castex Technologies (up 4.17% at Rs 10) edged higher.

Meanwhile, the S&P BSE Sensex was up 278.46 points or 1.06% at 26,672.47.

The joint board of Amtek Auto, Metalyst Forgings, ARGL and Castex Technologies approved the infusion of fresh capital by new investors and restructuring and reduction of debt subject to the approval of lenders. The joint board also approved the process of monetisation to support the restructuring and debt reduction of Amtek Auto.

Amtek Auto is one of the largest integrated component manufacturers in India with a strong global presence. It has also become one of the worlds largest global forging and integrated machining companies. The company reported net loss of Rs 319.68 crore in the quarter ended June 2016, compared with net loss of Rs 157.60 crore in the quarter ended June 2015. Net sales declined 36.8% to Rs 539.83 crore year on year in the quarter ended June 2016.

Metalyst Forgings is a castings and forgings company. The company reported net loss of Rs 65.10 crore in the quarter ended June 2016, compared with net loss of Rs 66.23 crore in the quarter ended June 2015. Net sales declined 39% to Rs 333.41 crore year on year in the quarter ended June 2016.

Castex Technologies (formerly known as Amtek India) is a leading provider of iron cast automotive components in India.The company reported net loss of Rs 178.20 crore in in the quarter ended June 2016, compared with net loss of Rs 105.58 crore in the quarter ended June 2015. Net sales declined 34.6% to Rs 426.70 crore year on year in the quarter ended June 2016.

Powered by Capital Market - Live News

Board of K P R Mill to consider proposal for buyback of shares
Nov 30,2016

K P R Mill announced that a meeting of Board of Directors of the Company is scheduled to be held on 07 December 2016, inter alia, to consider the proposal for Buy-back of the fully paid-up equity shares of the Company in accordance with the applicable provisions of the law.

Powered by Capital Market - Live News

IZMO announces change in CFO
Nov 30,2016

IZMO announced that Sanju Sharma, has taken over as the Chief Financial Officer of the Company in place of Rakesh Sharma, who ceased to be Chief Financial Officer of the Company with effect from 18 November 2016.

Powered by Capital Market - Live News

Board of Reliance Chemotex Industries approves change in CFO
Nov 30,2016

Reliance Chemotex Industries announced that the Board of Directors of the Company at its meeting held on 30 November 2016 transacted the following -

Accepted the resignation of Ravindra Kala, CFO of the Company with effect from 30 November 2016.

Appointed Kiran Firodiya as CFO with effect from 01 December 2016.

Powered by Capital Market - Live News

Satkar Finlease fixes record date for stock split
Nov 30,2016

Satkar Finlease has fixed 12 December 2016 as the Record Date for the purpose of Split of Rs. 10/- per share of the Company into the shares of Rs.1/- each.

Powered by Capital Market - Live News

RBL Bank launches Aadhaar Payment Bridge System
Nov 30,2016

RBL Bank announced that it has become the first bank in India to launch Aadhaar Payment Bridge System (APBS) for micro finance loan disbursements. This was achieved by doing the first successful cashless disbursement to various beneficiaries in the rural segment across the country.

Usage of APBS for micro finance disbursements will help the sector to accelerate the move towards cashless loan disbursements in a space which has been heavily dominated by physical cash. RBL Bank conceptualized this idea of utilizing APBS platform for this unique use case which should become a trendsetter.

The APBS system can now enable MFIs to disburse loan amounts directly in Aadhaar enabled bank accounts through RBL Bank. APBS has been developed by NPCI mainly to process government subsidies or direct benefit transfer (DBT) to the various government scheme beneficiaries.

Powered by Capital Market - Live News

Board of Gujarat State Petronet approves allotment of shares under ESOP
Nov 30,2016

Gujarat State Petronet announced that the Board of Directors of the Company at its meeting held on 30 November 2016, inter alia, has approved allotment of 50866 Equity Shares under Employees Stock Option Scheme - 2010 (ESOP - 2010) consequent to which the Paid-up Share Capital of the Company has increased from Rs. 5,63,46,65,750 to Rs. 5,63,51,74,410.

Powered by Capital Market - Live News

GVK Power turns volatile after Q2 results
Nov 30,2016

Meanwhile, the S&P BSE Sensex was up 207.82 points or 0.79% at 26,601.83.

On the BSE, 6.40 lakh shares were traded on the counter so far as against the average daily volumes of 18.29 lakh shares in the past one quarter. At the days low of Rs 5.74 so far during the day, the stock has lost 1.37%. At the days high of Rs 5.94 so far during the day, the stock has risen 2.06%. The stock had hit a 52-week high of Rs 9.44 on 12 January 2016. The stock had hit a record low of Rs 4.13 on 6 June 2016. The stock had underperformed the market over the past one month till 29 November 2016, declining 12.35% compared with the Sensexs 5.54% fall. The scrip had also underperformed the market in past one quarter, sliding 7.03% as against the Sensexs 5.41% fall.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.

GVK Power & Infrastructure (GVK Power) reported net loss of Rs 13.41 crore in Q2 September 2016, compared with net loss of Rs 8.09 crore in Q2 September 2015. Total income rose 8.41% to Rs 18.55 crore in Q2 September 2016 over Q2 September 2015.

GVK Power & Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

Powered by Capital Market - Live News

Yes Bank gains after launching digital banking product
Nov 30,2016

The announcement was made during market hours today, 30 November 2016.

Meanwhile, the BSE Sensex was up 172.11 points, or 0.65%, to 26,566.12.

On the BSE, 1.48 lakh shares were so far traded in the counter, compared with average daily volume of 3.24 lakh shares in the past one quarter. The stock had hit a high of Rs 1,166.10 and a low of Rs 1,145.60 so far during the day. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had underperformed the market over the past one month till 29 November 2016, falling 10.04% compared with 5.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.44% as against Sensexs 5.41% decline.

The large-cap private sector bank has equity capital of Rs 422.75 crore. Face value per share is Rs 10.

Yes Bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet.

The offering is based on a frugal sim-sleeve technology in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries including Kenya and China. The solution will cater to the large section of Indian population who remain unbanked or under banked due to lack of access to smart phones and mobile internet. This represents a large inherent market need, and hence a large scope for the solution.

The bank plans to garner a base of 5 lakh SIMsePAY by 2017. The bank has launched the services with the District Co-operative Bank, Dehradun and subsequently plans to launch it across the country.

The product will be offered in a phased manner. The first phase will involve collaboration with co-operative and regional rural banks. The second phase will involve direct outreach to the target segment through Yes Banks banking correspondent network.

Yes Bank reported 31.31% rise in net profit to Rs 801.54 crore on 24.7% rise in total income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

Yes Bank is one of the leading private sector banks in India.

Powered by Capital Market - Live News

IWAI takes up construction of Navigational Lock at Farakka
Nov 30,2016

The Inland Waterways Authority of India (IWAI) has awarded the work for the construction of a new state of the art navigational lock at Farakka in West Bengal on 24th November, 2016 to a reputed company at a cost of Rs 359 crore, under Jal Marg Vikas Project (JMVP) which is being implemented in National Waterway-1 (River Ganga).

A navigational lock is a device used for raising and lowering ships/vessels between stretches of water of different levels on river and canal waterways. The existing lock gate at Farakka which has been operational since 1978, is old and inefficient. Since the modernisation of the existing lock will entail closing down the lock gate for to 8-10 months, it has been decided to first build a new navigational lock and subsequently the modernisation of the existing lock would be undertaken. With the existing lock it takes about 2 hours or more for a vessel to pass upstream or downstream of Farakka. With the new lock it will take only 38 minutes for a vessel to pass through. If movement of a vessel is followed by movement of another vessel in the reverse direction, the operating time will be 23 minutes only. The new lock is proposed with modern state of the art features like electro hydraulic operations of Mitre Gates and Radial Gates on filling culverts and remote control operations of all the gates from a central control room.

The Farakka navigational lock is the third major work on National Waterway-1 to be awarded in record time. The contract for construction of Multi-Modal Terminal (MMT) at Varanasi and Sahibganj were awarded in May and October 2016 respectively.

The Jal Marg Vikas Project is being implemented with technical and financial assistance of the World Bank at an estimated cost of Rs. 5369 crore for plying of vessels with capacity of 1500-2,000 tons. Phase-I of the project covers the Haldia-Varanasi stretch which includes development of fairway, Multi-Modal Terminals, strengthening of river navigation system, conservancy works, modern River Information System (RIS), Digital Global Positioning System (DGPS), night navigation facilities, modern methods of channel marking etc.

Powered by Capital Market - Live News

Bharat Financial extends Tuesdays rally
Nov 30,2016

Meanwhile, the S&P BSE Sensex was up 126.78 points or 0.48% at 26,520.79.

On the BSE, 2.13 lakh shares were traded on the counter so far as against the average daily volumes of 2.19 lakh shares in the past one quarter. The stock had hit a high of Rs 754.60 and a low of Rs 735.45 so far during the day. The stock had hit a 52-week high of Rs 938.75 on 29 July 2016. The stock had hit a 52-week low of Rs 434.85 on 9 December 2015. The stock had underperformed the market over the past one month till 29 November 2016, declining 16.88% compared with the Sensexs 5.54% fall. The scrip had also underperformed the market in past one quarter, sliding 7.31% as against the Sensexs 5.41% fall.

The large-cap company has equity capital of Rs 137.91 crore. Face value per share is Rs 10.

A foreign brokerage has recently maintained overweight rating on Bharat Financial Inclusion (BFIL) stock for a target price of Rs 1,125, citing the companys strong collection progress. The brokerage reportedly said that BFIL has collected 89% of its overall dues over the period from 11 November to 25 November 2016. In the wake of brokerage reports, BFIL stock had surged 7.86% to settle at Rs 734 yesterday, 29 November 2016.

Meanwhile, the company in its presentation issued to the stock exchanges before market hours yesterday, 29 November 2016, said, it is recording a collection efficiency of 97% with a 2-week lag in the wake of the governments recent demonetisation move. The company said that most of its customers cater to non-discretionary spending.

Bharat Financial Inclusions net profit rose 87.4% to Rs 145.88 crore on 38.6% increase in total income to Rs 449.60 crore in Q2 September 2016 over Q2 September 2015.

Bharat Financial Inclusion is among the largest microfinance companies in India.

Powered by Capital Market - Live News

INR 4000 crore Welding Industry Set to Grow to INR 5700 crore by 2021
Nov 30,2016

The two flagship programmes of the government - Make in India and Skill India got a big boost at the maiden CII Welding conference. Speaking during the session Y S Trivedi, Sr Vice President and Member of the Board - Heavy Engineering IC, Larsen & Toubro stressed, n++The amount of weld in a nuclear reactor and submarine is less than 2 and 8 percent respectively, yet these welds decide the fate of the INR 12,000 crore submarine as well as determines whether a nuclear power plant lasts 10 years or 60. If we have to transform India into a global manufacturing hub we need to pay attention to welding.n++ Further he commended that welding holds immense potential for employment and skill development initiative and has a major role to play in the nations growth.

Talking of the present welding industry, Chetan Ligade, Director, BDB India said that the sector today stands at INR 4,000 crore out of which INR 2,800 falls under consumables and INR 1,200 crore under welding equipment market. Driven by infrastructure, the welding industry is slated to pick up rapidly in the next few quarters and by 2021 the consumable market will grow to INR 4,200 crore and equipment market to INR 1,500 crore. On this occasion a special report on Indian welding industry was released.

Elaborating on the importance of R&D in manufacturing sector D G Padmanabham, Director, International Advanced Research Centre for Power Metallurgy and New Materials (ARCI), emphasized, n++In the west, 70% of R&D funding comes from the industry and 30% from the government whereas in India only 10% comes from the industry. This needs to change. When industry funds a project it drives R&D with purpose, focus, application and absorption. Hence, industry R&D interaction has to be strengthened.n++ Sharing his experience on industry government collaboration he averred that the success rate has been always very high when there is co-operation and collaboration.

A Shivkumar, Conference Chairman and Former Chief Executive, EWAC Alloys said, n++The stakeholders in the welding sector such as researchers who work on materials, manufacturers, people who execute it like welders and the final beneficiary the consumer - are not connected and aligned to a common agenda. At CII we aim to bring all stakeholders together to create a common agenda and goal to meet challenges and make opportunities available to them in the future.n++

Powered by Capital Market - Live News