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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Renaissance Jewellery wins award for largest exporter of Precious Metal Jewellery- Studded 2015-16
Feb 22,2017

Renaissance Jewellery has received the GJEPC Award for largestexporter in the category of Precious Metal Jewellery - Studded for the year 2015-16. It is an award for felicitating the largest exporter for outstanding performance and contribution in the trade category.

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Pooja Entertainment & Films announces change in website
Feb 22,2017

Pooja Entertainment & Films has announced change in website from www.thepoojagroup.com to www.poojaentertainmentandfilms.in.

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Pooja Entertainment & Films announces change in website
Feb 22,2017

Pooja Entertainment & Films has announced change in website from www.thepoojagroup.com to www.poojaentertainmentandfilms.in.

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Cosmo Ferrites commences production at its LED project in Noida
Feb 22,2017

Cosmo Ferrites has successfully commenced the production of LED lamps and lighting effects completed phase I of the LED project from 22 February 2017 at its manufacturing unit located at Noida, Uttar Pradesh.

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Cosmo Ferrites commences production at its LED project in Noida
Feb 22,2017

Cosmo Ferrites has successfully commenced the production of LED lamps and lighting effects completed phase I of the LED project from 22 February 2017 at its manufacturing unit located at Noida, Uttar Pradesh.

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Rodium Realty raises Rs 36 crore to support Mumbai project, Xpoint
Feb 22,2017

Rodium Realty has raised Rs 36 crore in the form of structured debt from Capri Global Capital, a Mumbai based NBFC, to support the projects construction.

The investment is for a premium mixed-use redevelopment project, Xpoint, located in Kandivali West, Mumbai. The project consists of retail shops and premium 2-3 BHK residences. The funds will be used to accelerate construction and speed up the delivery timeline.

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Rodium Realty raises Rs 36 crore to support Mumbai project, Xpoint
Feb 22,2017

Rodium Realty has raised Rs 36 crore in the form of structured debt from Capri Global Capital, a Mumbai based NBFC, to support the projects construction.

The investment is for a premium mixed-use redevelopment project, Xpoint, located in Kandivali West, Mumbai. The project consists of retail shops and premium 2-3 BHK residences. The funds will be used to accelerate construction and speed up the delivery timeline.

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Solar Industries India issues commercial paper aggregating Rs 20 crore
Feb 22,2017

Solar Industries India announced that in terms of the guidelines issued by Reserve Bank of India, the Company has issued commercial paper for an aggregate amount of Rs. 20 crore on 22 February 2017 in favour of HDFC Bank, having maturity date 24 April 2017.

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Solar Industries India issues commercial paper aggregating Rs 20 crore
Feb 22,2017

Solar Industries India announced that in terms of the guidelines issued by Reserve Bank of India, the Company has issued commercial paper for an aggregate amount of Rs. 20 crore on 22 February 2017 in favour of HDFC Bank, having maturity date 24 April 2017.

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GAIL (India) fixes record date for bonus issue
Feb 22,2017

GAIL (India) announced that for the purpose of allotment of bonus shares RECORD DATE will be 11 March 2017, if issuance of bonus shares is approved by the shareholders through postal ballot process and results of Postal Ballot will be announced on 06 March 2017.

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NDMA starts advance preparations for tackling heat wave this year
Feb 22,2017

The National Workshop on Preparation of Heat Wave Action Plan began in Hyderabad. The two-day workshop is being organized by the National Disaster Management Authority (NDMA) in collaboration with the Government of Telangana in a bid to effectively tackle the onslaught of heat wave this year.

The workshop is aimed at sensitising States to the need of preparing and implementing their Heat Wave Action Plans in line with NDMAs Guidelines for Preparation of Action Plan - Prevention and Management of Heat-Wave formulated and circulated last year.

This timely workshop will help heat wave-prone States in drawing up their plans for 2017 as heat wave onslaught in various parts of the country typically starts by the latter half of March. Last year, the effective implementation of Heat Action Plans by some of worst affected States brought down the number of heat wave-induced deaths in the country by about 50 per cent.

Speaking on the occasion, Shri R.K. Jain, Member, NDMA, said, n++In 2015, the number of deaths recorded due to heat wave was higher than deaths caused by any other disaster. In this background, NDMA came up with a set of guidelines for managing heat waves in 2016. We closely reviewed and monitored the preparedness and actions taken by heat wave prone States and with the combined efforts of all stakeholders, especially the State Governments, were able to bring down the number of deaths drastically.n++

Dr. D.N. Sharma, Member, NDMA, said that with advance planning and preparedness, and active participation of all stakeholders, not only deaths but also illnesses induced by heat waves could be brought down.

Giving a presentation on prevention and management of heat waves, Dr. V. Thiruppugazh, Joint Secretary, NDMA, emphasised on the importance of Heat Action Plans and a robust database. He added that awareness campaigns were needed to sensitise communities to take measures to reduce the impact of heat waves.

Dr. K. Tirupataiah, ADG, Dr. MCR-HRD Institute, Hyderabad, spoke about the importance of reviving indigenous traditions and knowledge to mitigate the impact of heat waves. He also talked about the need to involve children and Panchayati Raj Institutions in spreading the message of awareness.

The first technical session on Heat Wave Action Plan and Risk Reduction focused on the development of Heat Action Plans for prevention and management of heat waves. It discussed the nuances of fine-tuning Action Plans to cater to localized needs and solutions.

During the second session, Andhra Pradesh, Gujarat, Telangana, Odisha and Maharashtra shared their experiences and best practices to help other States prepare their Heat Wave Action Plans. These States, which are among the most vulnerable, have been able to largely mitigate the impact of heat waves with better preparedness and timely intervention.

The session on Early Warning and Forecasting of Heat Wave was chaired by Dr. D.N. Sharma, Member, NDMA. It focused on the importance of area-specific short-range forecasting along with extended forecasting to help authorities to understand the immediate requirements of a region as well the most suited mitigation measures for the entire heat wave season.

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Indias fuel product consumption declines 4.5% in January 2017
Feb 22,2017

Indias fuel product consumption or sales dipped 4.5% to 15.51 mt in January 2017 over a year ago. Diesel sales declined 7.8% to 5.79 mt, while petcoke sales fell 9.9% to 1.95 mt and kerosene 34.6% to 0.37 mt. Consumption of naphtha also dipped 5.8% to 1.10 mt, fuel oil 10.6% to 0.56 mt, and bitumen 10.8% to 0.49 mt. Further, the consumption of lubricants slipped 14.4% to 0.27 mt, petrol 0.6% to 1.80 mt, and light diesel oil (LDO) 0.6% to 0.03 mt. However, the consumption of other fuel products improved 10.3% to 0.55 mt, Aviation Turbine Fuel (ATF) 17.8% to 0.63 mt, and LPG 16.4% to 1.98 mt in January 2017.

Consumption or sales of fuel product increased 7.0% to 161.42 mt in April-January FY2017 over April-January FY2016. Sales of petcoke increased 30.4%, LPG 11.5%, petrol 10.0%, and diesel 2.6%. Consumption of fuel oil also moved up 15.0%, ATF 11.9%, others 3.7% and naphtha 0.9%. Further, the consumption of bitumen inched up 2.1% and LDO 15.4%, but declined for lubricants 1.9% and kerosene 19.1% in April-January FY2017.

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Indias natural gas production jumps 11.9% in January 2017
Feb 22,2017

Indias natural gas production increased 11.9% to 2.74 billion cubic meters (bcm) in January 2017 over a year ago. Natural gas output of ONGC jumped 25.6% to 1.92 bcm, but that of private and JV companies dipped 15.4% to 0.57 bcm. The natural gas production of Oil India moved up 1.3% to 0.25 bcm in January 2017.

Natural gas output declined 1.9% to 26.62 bcm in April-January FY2017 over April-January FY2016.

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Indias crude oil refinery output declines 0.4% in January 2017
Feb 22,2017

Indias crude oil refinery output declined 0.4% to 20.27 mt in January 2017 over January 2016. The output of public sector refineries fell 1.0% to 10.92 mt, while the output of private refineries dipped 0.7% to 7.99 mt. Further, the refinery output of public-private JV refiners moved up 7.5% to 1.36 mt in January 2017.

Among public refineries, the output of Chennai Petroleum Corporation dipped 17.4% to 0.72 mt, while the output of Mangalore Refineries plunged 10.0% to 1.32 mt, and Hindustan Petroleum Corporation 3.6% to 1.45 mt in January 2017 over January 2016. The output of Bharat Petroleum Corporation moved up 2.4% to 2.03 mt, Indian Oil Corporation 3.0% to 5.11 mt and Numaligarh Refineries 17.3% to 0.28 mt in January 2017.

Among private refiners, the output of Reliance Petroleum rose 0.7% to 6.41 mt, while that of Essar Oil declined 6.1% to 1.58 mt in January 2017 over January 2016. Among JV refineries, the output of Bharat Oman fell 4.7% to 0.55 mt, while the output of HPCL Mittal moved up 17.7% to 0.82 mt in January 2016.

The cumulative refinery output increased 6.0% to 198.86 mt in April-January FY2017. The output of public refineries increased 9.6% to 107.37 mt, while that of private refineries moved up 2.5% to 78.31 mt. The refinery output of JV refineries declined 0.8% to 13.18 mt in April-January FY2017. Among public refineries, the output of Indian Oil Corporation improved 11.8%, Bharat Petroleum Corporation 7.8%, Hindustan Petroleum Corporation 4.3%, Chennai Petroleum Corporation 16.5%, Numaligarh Refineries 7.8% and Mangalore Refineries 5.4%.

The overall capacity utilization was lower at 108.0% in January 2017 compared with 117.7% in January 2016, while it was also lower at 106.3% in April-January FY2017 compared with 106.8% in April-January FY2016.

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Cabinet approves enhancement of capacity from 20,000 MW to 40,000 MW of the Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects
Feb 22,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the enhancement of capacity from 20,000 MW to 40,000 MW of the Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects. The enhanced capacity would ensure setting up of at least 50 solar parks each with a capacity of 500 MW and above in various parts of the country. Smaller parks in Himalayan and other hilly States where contiguous land may be difficult to acquire in view of the difficult terrain, will also be considered under the scheme. The capacity of the solar park scheme has been enhanced after considering the demand for additional solar parks from the States.

The Solar Parks and Ultra Mega Solar Power Projects will be set up by 2019-20 with Central Government financial support of Rs.8100 crore. The total capacity when operational will generate 64 billion units of electricity per year which will lead to abatement of around 55 million tonnes of CO2 per year over its life cycle.

It would also contribute to long term energy security of the country and promote ecologically sustainable growth by reduction in carbon emissions and carbon footprint, as well as generate large direct & indirect employment opportunities in solar and allied industries like glass, metals, heavy industrial equipment etc. The solar parks will also provide productive use of abundant uncultivable lands which in turn facilitate development of the surrounding areas.

All the States and UTs are eligible for benefits under the scheme. The State Government will first nominate the Solar Power Park Developer (SPPD) and also identify the land for the proposed solar park. It will then send a proposal to MNRE for approval along with the name of the SPPD. The SPPD will then be sanctioned a grant of upto Rs.25 Lakh for preparing a Detailed Project Report (DPR) of the Solar Park. Thereafter, Central Financial Assistance (CFA) of up to Rs. 20 lakhs/MW or 30 percent of the project cost including Grid-connectivity cost, whichever is lower, will be released as per the milestones prescribed in the scheme. Solar Energy Corporation India (SECI) will administer the scheme under the direction of MNRE. The approved grant will be released by SECI.

The solar parks will be developed in collaboration with State Governments/UTs. The State Governments/UTs are required to select the SPPD for developing and maintaining the solar parks.

Ministry of New and Renewable Energy (MNRE) is already implementing a scheme for development of at least 25 solar parks with an aggregate capacity of 20,000 MW, which was launched in December 2014. As on date, 34 solar parks of aggregate capacity 20,000 MW have been approved which are at various stages of development.

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