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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.

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Cabinet approves extension of implementation of Crime and Criminal Tracking Network and Systems Project by one year
Apr 06,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Ministry of Home Affairs for extension of the implementation phase of the Crime and Criminals Tracking Network and Systems (CCTNS) Project for another year beyond 31st March 2017.

The extension would help in achieving the remaining objectives of the project comprehensively. The maintenance phase of the Project will continue till 2022 as approved earlier. With a total outlay of Rs. 2000 crore, a sum of Rs. 1550 crore, which was the total allocation to the project so far, has been spent till 2016-17.

The Inter-operable Criminal Justice System (ICJS) aims to integrate the CCTNS project with the e-courts and e-prisons databases in the first instance and with the other pillars of the criminal justice system - Forensics, Prosecution, Juvenile homes and a nationwide Fingerprint data base of criminals in a phased manner. The integration will be achieved by providing access to the Judiciary, Police and Prisons through a desktop dashboard to facilitate expeditious and informed decisions and aid investigations.

Impact of the CCTNS Project will lead to:

i. Citizen portals in all states and Centre that will facilitate transparency and speed in police service delivery, online registration of complaints and reporting and search of missing persons and stolen goods in self-service mode.

ii. Pan-India search on complete National Crime and Criminal database that is accessible to the Investigating Officers throughout the country.

iii. Search facility will be available to Police in regional languages for improved inter-state tracking of criminal movement.

iv. Reliable network connectivity to all Police Stations in the country.

v. National level crime analytics that will be published at, increased frequency to help policy and law makers in taking data backed timely actions and in making appropriate policy interventions.

vi. Integration with various e-Governance projects such as Aadhaar, National Population Register, Vaahan Project of the Ministry of Surface Transport, Passport Seva and National Emergency Response System Project thus increasing the synergies and benefit accrued from these individual systems. It will expedite various kinds of police verification requests and investigation.

vii. Advanced features such as biometric based identification, trend and pattern analytics etc. that will be incorporated to enhance hi-tech investigation capability.

viii. ICJS that will be available to all pillars of the criminal justice system helping improve its service delivery.

Achievements under CCTNS Project:

In the last one year following significant outcomes have been achieved by the Project:

n++ More than 83% Police Stations in the country are entering 100% FIRs through CCTNS software.

n++ 120 lakhs FIR have been entered in CCTNS system till date. Legacy Crime records since 2004 have also been migrated to the CCTNS database. In all around seven crore records are now available in the national crime database.

n++ 31 States/UTs have launched their portals which provide various services like registration of complaints, verification of criminal antecedents/litigation of individuals/property, obtaining NOC from police for events for law and order clearance, search of missing person search, matching unidentified dead bodies, Vehicle related enquiries, antecedent verification for issue of passport etc.

n++ The ICJS dashboard has been implemented by integrating CCTNS with e-Courts and e-prisons and has been launched on a trial basis with select central investigation agencies. v n++ Software for Prosecutions and Forensics has been developed and is currently being rolled out in Bihar, Telangana and Puducherry.

Background:

Originally approved in 2009, the Project aims to:

a) deliver various web based police related services to citizens.

b) facilitate a pan-India search of crime and criminal records of individuals through a national database.

c) generate crime and criminal reports at the state and central level to inform policy interventions and

d) computerise police processes.

In 2015, an additional objective of establishing a basic platform for an Inter-operable Criminal Justice System (ICJS) was added to the Project.

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Cyber Media (India) allots 13 lakh equity shares
Apr 06,2017

Cyber Media (India) has allotted 10,40,000 Equity Shares and 2,60,000 Equity Shares of face value of Rs. 10 each to Pradeep Gupta and Dhaval Gupta,respectively on preferntial basis. Post the above allotment, the paid up equity share capital of the Company would stand at Rs. 12,86,72,420/- consisting of 1,28,67,242 equity shares of Rs. 10 each.

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Rodium Realty provides update on its mixed-use project XPoint
Apr 06,2017

Rodium Realty announced that it has received a Full Commencement Certificate from Ground (pt.)+ Stilt (pt.) + 1st to 3rd podium + 4th to 19th + 20th (pt.) upper floor for its mixed-use project XPoint situated at S.V. Road, Kandivali (West), Mumbai.

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Maximus International incorporates subsidiary in UAE
Apr 06,2017

Maximus International has completed its process to set up its wholly owned subsidiary in UAE in the name and style of Maximus Global FZE in Hamriyah Free Zone, Hamriyah, UAE which is a strategic place of business/ trading in petrochemical products, lubricants etc and that the said WOS has received incorporation certificate on 02 April 2017.

The said WOS has plans, amongst others, to obtain distributorship from the suppliers which are located in UAE for their products in the UAE as well as Middle East.

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Sunil Hitech Engineers jumps after winning road projects
Apr 06,2017

The announcement was made during market hours today, 6 April 2017.

Meanwhile, the S&P BSE Sensex was down 133.31 points, or 0.44% to 29,840.93. The S&P BSE Small-Cap index was down 51.96 points, or 0.35% to 14732.72, outperforming the Sensex.

On the BSE, 7.53 lakh shares were traded in the counter so far, compared with average daily volumes of 5.21 lakh shares in the past two weeks. The stock had hit a high of Rs 12.68 and a low of Rs 11.82 so far during the day.

The stock had hit a record high of Rs 23.43 on 20 October 2016. The stock had hit a 52-week low of Rs 7.75 on 24 June 2016. It had outperformed the market over the past one month till 5 April 2017, advancing 7.54% compared with the Sensexs 3.96% rise. The scrip had, however, underperformed the market over the past one quarter, falling 3.7% as against the Sensexs 11.52% rise.

The small-cap company has equity capital of Rs 37.80 crore. Face value per share is Rs 1.

Sunil Hitech Engineers said that the company has received letter of award in regards to the projects and will be signing the engineering, procurement and construction (EPC) agreement soon.

All the aforesaid projects have been won in joint venture with other companies and Sunil Hitech Engineers will be executing 100% of the work, the company added.

The stock has jumped 9.2% in five sessions to its current price of Rs 12.57 from a close of Rs 11.51 on 29 March 2017.

Net profit of Sunil Hitech Engineers rose 2.5% to Rs 13.07 crore on 8.9% rise in net sales to Rs 530.81 crore in Q3 December 2016 over Q3 December 2015.

Sunil Hitech Engineers is a well established player in engineering procurement construction (EPC) and construction of road & bridges, building works of institutions, hospitals and housing projects, cross country pipeline, civil & mechanical works of power and steel plants, cooling towers, chimneys, etc. and also in renewable energy sector.

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Marksans Pharma drops on profit booking
Apr 06,2017

Meanwhile, the S&P Sensex was down 123.40 points, or 0.41% at 29,850.84. The S&P BSE Small-cap index was down 57.25 points, or 0.39% at 14,727.43.

On the BSE, 2.81 lakh shares were traded on the counter so far as against the average daily volumes of 8.59 lakh shares in the past one quarter. The stock had hit a high of Rs 52.70 and a low of Rs 50.95 so far during the day.

The stock had hit a 52-week high of Rs 58.30 on 6 October 2016 and a 52-week low of Rs 36.95 on 1 February 2017. The stock had outperformed the market over the past one month till 5 April 2017, advancing 7.21% compared with the Sensexs 3.96% rise. The scrip had also outperformed the market over the past one quarter advancing 29.25% as against the Sensexs 11.52% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Rs 1.

Marksans Pharma had rallied 13.55% in the preceding four trading sessions to settle at Rs 52.80 yesterday, 5 April 2017, from its closing of Rs 46.50 on 29 March 2017.

Marksans Pharmas consolidated net profit fell 37% to Rs 11.30 crore on 1% decrease in net sales to Rs 215.24 crore in Q3 December 2016 over Q3 December 2015.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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Bajaj Auto in top gear after brokerage upgrade
Apr 06,2017

Meanwhile, the S&P BSE Sensex was down 130.73 points or 0.44% at 29,84351

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 20,019 shares in the past one quarter. The stock had hit a high of Rs 2,813 and a low of Rs 2,788 so far during the day.

The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,350.15 on 8 April 2016. The stock had underperformed the market over the past 30 days till 5 April 2017, falling 4.03% compared with the 3.36% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 1.46% as against Sensexs 11.52% gain.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

The foreign brokerage reportedly said that growth in domestic sales and exports from recent trough may underpin performance.

Bajaj Autos total sales declined 11% to 2.72 lakh units in March 2017 over March 2016. Domestic sales fell 17% to 1.69 lakh units in March 2017 over March 2016. Exports rose 1% to 1.02 lakh units in March 2017 over March 2016. The announcement was made during market hours on 3 April 2017.

On a consolidated basis, Bajaj Autos net profit fell 5.3% to Rs 976.82 crore on 8.6% decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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Victoria Enterprises announces change in directorate
Apr 06,2017

Victoria Enterprises announced that the Board of Directors of the Company at its meeting held on 29 March 2017 has appointed Satish Sharma as an Independent Director and accepted the resignation of Hasmukh Shah, Independent Director.

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Cabinet approves Air Services Agreement between India and Georgia
Apr 06,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of the Air Services Agreement (ASA) between India and Georgia.

The Agreement between the two countries is based on latest International Civil Aviation Organization (ICAO) template keeping in view of developments in Civil Aviation sector and with an objective to improve the air connectivity between the two countries. Presently there is no Air Services Agreement between these two countries. ASA is the basic legal framework for any air operation between the two countries.

The agreement will help establish air connectivity between the two countries.

The features of the Air Services Agreement are as follows:

i. Both countries shall be entitled to designate one or more airline.

ii. Now the Indian carriers can operate to any points in Georgia from any points in India. Whereas the carriers of Georgia can establish direct operation to six points namely New Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Goa. Apart from this through routing flexibility any intermediate and beyond point can also be served by the designated carriers of both sides.

iii. The designated airlines of either country shall have the right to establish offices in the territory of the other country for the promotion and sale of air services.

iv. The designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of same party, other party and that of a Third party. In view of this, it will not only facilitate the direct connectivity but also connectivity through 3rd country carriers. It will provide viable options for the carriers of both countries.

The Air Services Agreement between India and the Georgia has the potential to spur greater trade, investment, tourism and cultural exchange between the two countries bringing it in tune with the developments in the civil aviation sector. It will provide enabling environment for enhanced and seamless connectivity while providing commercial opportunities to the carriers of both the sides ensuring greater safety and security.

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Chemfab Alkalis gets NCLT approval for scheme of amalgamation
Apr 06,2017

Chemfab Alkalis announced that the National Company Law Tribunal Division Bench Chennai vide its order dated 30 March 2017 received by the Company on 04 April 2017 has approved the Scheme of Amalgamation and Arrangement between Chemfab Alkalis and Teamec Chlorates (Transferee Company) and their respective shareholders and creditors.

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Stronger rise in new work boosts growth of services activity: Nikkei India Services PMI
Apr 06,2017

The Indian service sector moved further away from the demonetisation-related contractions seen towards the end of 2016 and beginning of 2017. New business and output rose for the second straight month in March, with rates of expansion accelerating in both cases. The improvement in business conditions promoted job creation, while confidence towards the year-ahead outlook for activity was at a four-month high.

The Nikkei India Services Business Activity Index posted above the critical 50.0 level for the second-month running in March, highlighting ongoing growth of output in the sector. Moreover, rising from 50.3 in February to 51.5, the latest figure pointed to a stronger rate of expansion. The average reading over the final quarter of the fiscal year was above that seen in the prior period (from 49.3 to 50.2).

The upturn in manufacturing production also accelerated in March, reaching a five-month high. Subsequently, the seasonally adjusted Nikkei India Composite PMI Output Index increased to 52.3, from 50.7 in February, signalling a quicker rise in private sector activity across the country.

Underpinning the expansion in services activity was a back-to-back rise in new business inflows. As was the case for output, growth of new work also gathered pace in March. Anecdotal evidence highlighted improving demand conditions. At the same time, factory new orders increased at the strongest rate since last October.

In order to cope with higher workloads, service providers hired additional staff. Employment increased only slightly overall, but to the greatest extent since July 2015. Manufacturing jobs also rose in March as firms sought to expand operating capacity.

Services companies indicated that activity is expected to rise over the coming 12 months, with the overall degree of optimism at a four-month high. Almost 24% of panellists signalled positive sentiment, with better marketing campaigns, strengthening demand conditions, plus hopes that the Goods & Services Tax bill will be favourable to businesses, the key factors supporting confidence. Likewise, goods producers were more upbeat towards growth prospects than in February.

Input costs facing services firms rose again in March, thereby stretching the current sequence of inflation to seven months. Despite accelerating to the fastest over this period, the rate of increase was moderate in the context of historical data. The main items reported to be up in price over the month were fuel and food. In contrast to the trend seen in services, purchase cost inflation in the manufacturing industry softened to a four-month low.

Amid reports of the passing on of higher cost burdens to clients, some services companies raised their own selling prices in March. Overall, the rate of charge inflation was slight, having softened since the preceding month. Firms that kept output prices unchanged mentioned efforts to stimulate demand. Similarly, factory gate charges increased at a slower pace and one that was below the long-run series average.

As has been observed on a monthly basis since mid-2016, outstanding business volumes at services firms increased during March. In many cases, panel members blamed the latest rise in unfinished work on delayed payments from clients. That said, the rate of backlog accumulation was only modest and the slowest in nine months. By comparison, work-in-hand at goods producers rose at the weakest pace in three months.

Commenting on the Indian Services PMI survey data, Pollyanna De Lima, economist at IHS Markit, and author of the report, said: Indias private sector economy stayed on an upward trajectory during March, benefiting from an upswing in demand and output. The countrys rapid recovery from the demonetisation-related downturn was accompanied by job creation and softer inflationary pressures.

PMI data indicate faster growth of new business and output across the two monitored sectors, manufacturing and services. The former outperformed the latter with regards to expansion rates again during March.

By historical standards, the increases in new work and activity remain relatively mild, though growth is likely to gather speed as we head into the new financial year. This is shown by firms willingness to hire additional employees and reinforced by stronger confidence towards the 12-month outlook for output.

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Jindal Steel hardens after posting record steel sales in FY 2017
Apr 06,2017

The announcement was made after market hours yesterday, 5 April 2017.

Meanwhile, the S&P BSE Sensex was down 111.71 points or 0.37% at 29,866.31.

On the BSE, 13.12 lakh shares were traded on the counter so far as against the average daily volumes of 23.27 lakh shares in the past one quarter. The stock had hit a high of Rs 131 and a low of Rs 124.55 so far during the day. It had hit a 52-week high of Rs 131.80 on 17 March 2017 and a 52-week low of Rs 57.80 on 24 May 2016.

It had underperformed the market over the past one month till 5 April 2017, falling 1.51% compared with the Sensexs 3.96% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 64.96% as against the Sensexs 11.52% rise.

The large-cap company has equity capital of Rs 91.50 crore. Face value per share is Rs 1.

Jindal Steel and Power (JSPL) has grown impressively despite the challenging times faced by the global steel Industry for a larger part of the financial year ended 31 March 2017 (FY 2017). JSPL clocked production and sales of over 4.8 million tonnes in FY 2017.

JSPLs consolidated steel production rose 12.3% at 1.3 million tonnes in Q4 March 2017 over Q3 December 2016. JSPLs consolidated steel sales rose 11.2% at 1.34 million tonnes in Q4 March 2017 over Q3 December 2016.

Jindal Shadeed Oman clocked highest ever production and sales, by recording an over 20% rise in production to over 1.33 million tonnes and over 17% rise in sales of over 1.31 million tonnes in FY 2017.

On a consolidated basis, JSPL reported net loss of Rs 407.44 crore in Q3 December 2016 as against net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.1% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015.

JSPL is one of the Indias leading integrated steel manufacturers, having significant presence in steel, power generation and infrastructure segments and catering to a large part of Indias domestic energy and infrastructure requirement.

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PFC Consulting transfers Kohima-Mariani Transmission to Kalpataru Power Transmission
Apr 06,2017

PFC Consulting (a wholly owned subsidiary of Power Finance Corporation) has transferred Kohima-Mariani Transmission, its wholly owned subsidiary Company established for development of Independent Transmission Project North Eastern Region Strengthening Schenme (NERSS-VI) to Kalpataru Power Transmission on 31 March 2017.

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Brahmaputra Infrastructure receives LoA worth Rs 44.80 crore from Govt. of Assam
Apr 06,2017

Brahmaputra Infrastructure has received a letter of award of work for execution of the construction of residential complex at Rehabari, Guwahati for the contract price of Rs 44.80 crore from the Govt. of Assam.

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Cabinet approves Collaboration Agreement to support the Belmont Forum Secretariat
Apr 06,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of the Collaborative Agreement with French National Research Agency (ANR), France for supporting the Belmont Forum Secretariat from January, 2015 to December, 2017 at a total estimated expenditure of Euro 40,000. The Cabinet also approved continued financial support to Belmont Forum Secretariat beyond 2017.

The Belmont Forum, created in 2009, is a high level group of the worlds major and emerging funders of global environmental change research and international science councils. It provides an opportunity to identify study and deliver international environmental research priorities, for the society, in an accelerated way through transn++national research collaboration between natural and social scientists and alignment of international resources.

India is a member of Belmont Forum, besides Australia, Brazil, Canada, European Commission, France, Germany, Japan, Netherland, South Africa, UK and USA etc. Ministry of Earth Science (MoES), represents India in the Belmont Forum since 2012.

In order to coordinate the activities of the Belmont, a Secretariat is hosted by one of the Belmont forum member on rotational basis. ANR, France is hosting the Secretariat from January, 2015 to December, 2017. Expenditure for hosting the Secretariat will be borne by Belmont Forum member countries in kind or cash contribution.

Impact:

The Agreement will help to maintain a certain degree of continuity in the operations of the Forum and also help in smooth coordination of the activities of Belmont Forum. As India is already participating in 4 Collaborative Research Actions (CRAs) and Secretariat will be coordinating the activities of Belmont Forum, Indian scientific community will ultimately benefit from this agreement.

Background:

Since the inception of Belmont Forum in 2009, its operations were being handled by a part-time secretariat associated with the respective Chairs of the Belmont Forum. As the Co-chairs are rotational, the Secretariat also rotates and some time co-chairs are from different Continents with different time zone. In order to maintain a certain degree of continuity in the operations of the Forum, establishment of a Full-time Secretariat was agreed upon by Belmont Forum members, on rotational basis. ANR, France has agreed to host the Secretariat from January, 2015 to December, 2017.

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