My Application Form Status

Check the status of your application form with Angel Broking.
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

IndusInd Bank extends gains after announcing good Q3 results
Jan 11,2017

The result was announced at the fag end of market hours yesterday, 10 January 2017. The stock had risen 0.19% to settle at Rs 1,161.85 yesterday, 10 January 2017.

Meanwhile, the S&P BSE Sensex was up 151.18 points or 0.56% at 27,050.74.

On the BSE, 83,668 shares were traded on the counter so far as against the average daily volumes of 77,876 shares in the past one quarter. The stock had hit a high of Rs 1,207.10 and a low of Rs 1,186.05 so far during the day. The stock had hit a record high of Rs 1,255.30 on 7 September 2016 and a 52-week low of Rs 799 on 11 February 2016.

The stock had outperformed the market over the past one month till 10 January 2017, gaining 4.49% compared with the Sensexs 0.57% gains. The scrip had, however, underperformed the market in past one quarter, falling 4.89% as against the Sensexs 4.21% fall.

The large-cap bank has equity capital of Rs 597.71 crore. Face value per share is Rs 10.

IndusInd Banks gross non-performing assets (NPAs) rose to Rs 971.62 crore as on 31 December 2016 as against Rs 899.01 crore as on 30 September 2016 and Rs 681.13 crore as on 31 December 2015. The ratio of gross NPAs to gross advances increased to 0.94% as on 31 December 2016 as against 0.9% as on 30 September 2016 and 0.82% as on 31 December 2015.

The ratio of net NPAs to net advances stood at 1.88% as on 31 December 2016 as against 1.93% as on 30 September 2016 and 1.92% as on 31 December 2015. The banks provisions and contingencies (excluding tax provisions) rose 22.45% to Rs 216.85 crore in Q3 December 2016 over Q3 December 2015.

IndusInd Bank is a leading private sector bank in India.

Powered by Capital Market - Live News

MEP Infrastructure Developers provides update on Nagpur Ring Road 1 project
Jan 11,2017

MEP Infrastructure Developers announced that MEP Nagpur Ring Road 1 (MEP NRR1), a Subsidiary of the Company, had entered into a Concession Agreement with The National Highways Authority of India (NHAI) dated 19 May 2016 for Four Laning Stand Alone Ring Road/ Bypass for the Nagpur City Package I from Km 0+500 to Km 34+000 (Design 33+500 Km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.

MEP NRR1 had achieved the Financial Closure in terms of the Concession Agreement executed with NHAI (the Authority), by tying up of Project Finance of Rs.238.95 crore on 14 October 2016.

The Authority now has given 05 January 2017 as the Appointed Date for the project vide letter dated 09 January 2017.

Powered by Capital Market - Live News

Board of Paushak to consider Q3 and 9M results
Jan 11,2017

Paushak announced that a Meeting of Board of Directors of the Company shall be held on 20 January 2017, inter alia to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Adani Power to consider Q3 and 9M results
Jan 11,2017

Adani Power announced that the Meeting of the Board of Directors of the Company will be held on 20 January 2017, inter alia, to consider and approve the Unaudited Financial Results for the quarter and nine months ended 31 December 2016(Q3).

Powered by Capital Market - Live News

Everest Industries to announce December quarter results
Jan 11,2017

Everest Industries announced that the of Directors Meeting shall be held on 25 January 2017 for the purpose of approval of Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Hind Rectifiers jumps as board to consider rights issue
Jan 11,2017

The announcement was made after market hours yesterday, 10 January 2017.

Meanwhile, the S&P BSE Sensex was up 133.04 points or 0.49% at 27,032.60.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 6,459 shares in the past one quarter. The stock had hit a high of Rs 99.70 and a low of Rs 95.30 so far during the day.

The stock had hit a 52-week high of Rs 113.60 on 1 November 2016 and a 52-week low of Rs 58.10 on 29 February 2016.

The small-cap company has equity capital of Rs 3.01 crore. Face value per share is Rs 2.

Hind Rectifiers said that a meeting of the board of directors of the company is scheduled on 15 January 2017 to consider, in principle, the issue of equity shares on a right basis to the existing equity shareholders of the company.

Hind Rectifiers reported net loss of Rs 0.86 crore in Q2 September 2016, lower than net loss of Rs 2.05 crore in Q2 September 2015. Net sales rose 62% to Rs 28.57 crore in Q2 September 2016 over Q2 September 2015.

Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductor, power electronic equipments and railway transportation equipments.

Powered by Capital Market - Live News

Endurance Technologies spurts as overseas subsidiary commences operations at new plant
Jan 11,2017

The announcement was made after market hours yesterday, 10 January 2017.

Meanwhile, the S&P BSE Sensex was up 167.59 points or 0.62% at 27,067.15

On the BSE, 27,000 shares were traded on the counter so far as against the average daily volumes of 13,000 shares in the past two weeks. The stock had hit a high of Rs 592.40 and a low of Rs 576.60 so far during the day.

The stock had hit a record high of Rs 674.90 on 20 October 2016. The stock had hit a record low of Rs 518.25 on 21 November 2016.

The mid-cap company has equity capital of Rs 140.66 crore. Face value per share is Rs 10.

Endurance Technologies said that the companys wholly owned subsidiary in Germany, Endurance Amann GmbH, has commenced operations at its new machining plant from 10 January 2017. The plant is located at Massenbachhausen, Germany, in proximity to the existing two plants of Endurance Amann GmbH. The new plant admeasuring about 4,500 square meters will contain machining operations, warehouse and office facilities.

Shares of Endurance Technologies had debuted on BSE on 19 October 2016 at Rs 570, a premium of 20.76% over its initial public offer (IPO) of Rs 472 per share. The IPO of Endurance Technologies had seen strong response from investors. The issue had received bids for 75.52 crore shares and it was subscribed 43.84 times.

Endurance Technologies consolidated net profit rose 14.78% to Rs 89.30 crore on 7.3% rise in total income to Rs 1453.55 crore in Q2 September 2016 over Q2 September 2015.

Endurance Technologies is a two-wheeler and three-wheeler automotive component manufacturer. The company has operations in Europe with highly-automated manufacturing facilities in Italy and Germany. The company is a tier one supplier to original equipment manufacturers (OEMs) for most of its products. In India, the company manufactures a diverse range of technology-intensive automotive components for the two-wheeler and three-wheeler segments. The company also manufactures specified components for four-wheeler passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

Powered by Capital Market - Live News

Real estate & infrastructure investment trusts could raise Rs 50K crore: ASSOCHAM-Crisil
Jan 11,2017

The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near term given the interest shown by certain players in the infra and real estate space, noted a recent ASSOCHAM-Crisil joint study.

n++This amount can be utilised either for repayment of debt from banks/ non-banking financial companies (NBFCs)/financial institutions (FIs) or as a consideration to the existing sponsor for dilution of stake or both,n++ according to the study titled Building a new India, conducted by ASSOCHAM jointly with global research firm Crisil.

n++This will result in monetisation of sponsors investment in long gestation projects or result in release of loan funds for banks to fund other infrastructure projects,n++ the report said.

Both REITs and InvITs are vehicles created to primarily invest in revenue-generating real estate/infrastructure assets.

The ASSOCHAM-Crisil joint study also estimated that public sector banks need equity of Rs 1.7 lakh crore by March 2019, which is a tall order considering that banks have so far contributed to nearly half of the debt funding needed in the infrastructure space.

But, the study highlighted, a sharp fall in profitability has reduced capital generation from internal accrual of banks, while weak performance has diminished their ability to raise capital from external sources. And the capital needs can turn out to be higher if credit growth is stronger.

n++These constraints would necessitate a large part of infrastructure needs to be met from the corporate bond market,n++ said the study.

Considering the banking sectors core strengths - comfortable capitalisation, and adequate project appraisal and monitoring skills, over the past ten years, bank lending to the infrastructure sector has grown at a CAGR of 28 per cent, which is faster than the overall credit growth. Besides, the infrastructures share of bank credit has doubled from 7.5 per cent in 2005 to 15 per cent in 2016.

n++This rapid growth in lending to the infrastructure sector poses the risk of asset-liability mismatches (ALM) given that infrastructure project loans have long tenures of 10-15 years, while bank deposits, the main source of funds, typically have a maturity of less than 3 years,n++ the study noted.

n++Moreover, several banks are also nearing the group exposure limits set by RBI for lending to large infrastructure players,n++ it added.

The ASSOCHAM-Crisil study suggested that the ideal mode of financing infrastructure projects is for banks to focus on funding up to the pre-commissioning stage of projects.

n++Given their strong project appraisal and monitoring skills, and healthy capitalisation, banks are well placed to take up financing in the pre-commissioning phase, when project risk is the highest,n++ it said.

After the project is commissioned and stable, banks must refinance the debt through bonds to long-term investors, as such refinancing will free up considerable funds for banks and enable their redeployment in new projects.

n++While this financing model will allow banks to address their ALMs better, bond investors will also get good quality, long-term assets with stable cash flows,n++ said the study.

n++Plus, developers can benefit from reduced costs and fixed rates of interest that can help offset the interest rate risks inherent in bank loans,n++ it added.

n++For this to happen, the banks will, however, need to adopt a stronger risk-based pricing model for project loans. Banks can price their loans to reflect the evolving risk profile of projects,n++ further said the report.

The report also highlighted that credit enhancement would be the key to making corporate bonds attractive to investors.

n++Direct bond market funding of infrastructure projects comes with certain investment risks, and investors typically are risk averse, therefore, there arises a need for credit-enhanced structures that can help improve the credit ratings and increase their attractiveness for investors,n++ it said.

Highlighting that while large investors such as pension funds, provident funds and insurance companies have large corpuses they are restricted by regulation to invest only in highly-rated debt, therefore there is a need to bridge the gap between the low risk appetite of institutional investors and relatively high credit risk profile of infrastructure projects.

The study further suggested to look at innovative channels like green bonds for financing governments ambitious target of having 160 gega watt (GW) of solar and wind capacity by 2022 with investments worth about Rs 8 lakh crore, more so as banking channel alone would not be able to support such huge requirements.

The study also highlighted the need to liberalise investment norms for PFs and insurance cos. and allow them greater flexibility in their investments in terms of scope, which will help channel more funds for the infrastructure sector.

Powered by Capital Market - Live News

Tata Motors gains after declaring global wholesales for December
Jan 11,2017

The announcement was made after market hours yesterday, 10 January 2017.

Meanwhile, the S&P BSE Sensex was up 146.33 points or 0.54% at 27,045.89

On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 5.42 lakh shares in the past one quarter. The stock had hit a high of Rs 525 and a low of Rs 518.20 so far during the day.

The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 266 on 11 February 2016.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range fell 5% to 30,879 units in December 2016 over December 2015. Global wholesales of all passenger vehicles rose 8% to 64,202 units in December 2016 over December 2015.

Global wholesales for Jaguar Land Rover (JLR) were 53,063 vehicles (*Contains CJLR volume of 8,184 for the month of December 2016). Jaguar wholesales for the month were 15,879 vehicles, while Land Rover wholesales for the month were 37,184 vehicles.

Tata Motors subsidiary Jaguar Land Rover reported 12% rise in total retail sales to 55,375 units in December 2016 over December 2015. The announcement was made during market hours on 9 January 2017.

Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016, compared with net loss of Rs 1740.20 crore in Q2 September 2015. Net sales rose 6.7% to Rs 65140.75 crore in Q2 September 2016 over Q2 September 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

Powered by Capital Market - Live News

Mercator director resigns
Jan 11,2017

Mercator announced that Prem Rajani has resigned from the Directorship of the Company w.e.f 10 January 2017.

The Board of Directors of the Company has accepted his resignation vide Circular resolution passed on 10 January 2017.

Powered by Capital Market - Live News

Shiva Cement executed share purchase agreement with JSW Cement
Jan 11,2017

Shiva Cement announced that the Share Purchase Agreement has been executed with JSW Cement, for sale of shares held by the promoters of the Company.

Powered by Capital Market - Live News

Board of GDL Leasing & Finance to consider December quarter results
Jan 11,2017

GDL Leasing & Finance will hold a Board of Directors meeting on 30 January 2017 to consider and approve unaudited results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Shiva Cement accords approval for potential sale of promoter stake to JSW Cement
Jan 11,2017

Shiva Cement announced that the Board of Directors of the Company at its meeting held on 10 January 2017, has approved the following:

- Consent of the Board be and is hereby accorded for the potential sale of certain shares held by the promoters of the Company to JSW Cement and to execute the Share Purchase Agreement or such other agreements as may be required for giving effect to the potential transactions.

Powered by Capital Market - Live News

Board of Devhari Exports (India) approves change in directorate
Jan 11,2017

Devhari Exports (India) announced that the Board of Directors of the Company at its meeting held on 09 January 2017, inter alia, discussed and finalised the following :

1. Premature termination of Pooja Khatuwala due to preoccupation elsewhere, and continuance of Zarna Solanki as a director of the Company.

2. Acceptance of resignation of Raju Katarmal.

3. Appointment of two new directors on the board:

(a) Appointment of Jignesh Thobhani as additional independent director;

(b) Appointment of Shailend Khona as additional promoter director.

Powered by Capital Market - Live News

Environment Ministry Invites Comments on Draft Notification for Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules, 2016
Jan 11,2017

The Ministry of Environment, Forest and Climate Change has invited comments on the draft notification of Prevention of Cruelty to Animals (Dog Breeding and Marketing Rules), 2016. The Ministry will be notifying the proposed draft Rules in the Gazette of India for public information. Any interested person can make any suggestion on the said draft rules in writing for consideration of the Central Government to the Deputy Secretary, Animal Welfare Division, Ministry of Environment, Forest and Climate Change, Indira Paryavaran Bhawan, New Delhi, within 30 days of such publication of the Rules.

Interacting with media-persons, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that till now there were no Rules in the country on the breeding, sale and purchase of dogs. The Minister expressed the hope that the shops and sale and purchase of dogs will be made online.

Objective of the Rules:

The objective of the Rules is to make dog breeders and their marketers accountable and to prevent infliction of any cruelty in this process. There were also no specific rules, or guidelines for mandatory registration of breeders and establishments and requirements to be met by such breeders. Dog breeding and their marketing trade also mushroomed all around. At times, some cruelty has been caused in breeding and marketing of dogs, with little or no accountability.

Process: The proposed Rules provide as under:-

(i) It will be mandatory for all dog breeders and the dog breeding establishments to register themselves with the State Animal Welfare Board of the respective State Governments.

(ii) It defines the breeding requirements/conditions for sale.

(iii) It defines the requirements to be met by the breeders and the establishments used for breeding, or housing dogs, such as health-related requirements, housing facilities, manner of housing dogs, conditions for sale, breeding, micro-chipping, vaccination etc.

(iv) An inspector authorised by the State Board can inspect the establishment.

(v) It is mandatory for dog breeders to maintain proper records of both male and female dogs, their breed, micro-chip number, number of litters, sale, purchase, death, rehabilitation etc.

(vi) Every dog breeder is required to submit yearly report to the State Board regarding animals sold, traded, bartered, brokered, given away, boarded or exhibited during previous year or any other information asked for by the State Board.

Violation of Rules: Non-compliance of the proposed Rules will lead to cancellation of the registration of the dog breeder.

The Ministry has implemented Prevention of Cruelty to Animals (PCA) Act, 1960 to prevent infliction of unnecessary pain, or suffering on animals.

Powered by Capital Market - Live News