My Application Form Status

Check the status of your application form with Angel Broking.
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

Powered by Capital Market - Live News

Board of TV18 Broadcast approves scheme of amalgamation
Jan 16,2017

The Board of Directors of TV18 Broadcast at its meeting held on 14 January 2017, on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect whollyowned subsidiaries of the Company, namely: (1) Equator Trading Enterprises, (2) Panorama Television, (3) RVT Media and (4) ibn18 (Mauritius), into TV18 Broadcast with appointed date as 01 April 2016, under the applicable provisions of the Companies Act, 2013.

The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders and/or Creditorsand/or such other competent authority(ies), as may be required under the extant applicable provisions of the law.

The amalgamation of Transferor Companies with Transferee Company would, inter alia, have the following benefits:

- Rationalizing the group structure to ensure optimized legal entity structure more aligned with the business by reducing the number of legal entities and reorganizing the legal entities in the group structure so as to obtain significant cost savings and / or simplification benefits;

- Integrating news channels, i.e. Business news channels, English news channels, Hindi news channels and regional news channels, in the amalgamated entity which would result in maximizing overall shareholder value and bring synergies in operations.

Powered by Capital Market - Live News

Magnum Venture appoints director
Jan 16,2017

Magnum Venture announced that the Board of Directors of the Company at its meeting held on 14 January 2017 has appointed Neha Gupta as an Additional Director of the company with effect from 14 January 2017.

Powered by Capital Market - Live News

Sea TV Network appoints CFO
Jan 16,2017

Sea TV Network has appointed Ravi Shankar Shrivastava as the Chief Financial Officer (Key Managerial Personnel) for the Company in its Board Meeting held on 14 January 2017.

Powered by Capital Market - Live News

Coal India turns volatile in early trade
Jan 16,2017

Meanwhile, the BSE Sensex was down 21.71 points, or 0.08%, to 27,216.35.

On the BSE, so far 71,000 shares were traded in the counter, compared with average daily volumes of 3.03 lakh shares in the past one quarter. Trading in the counter was volatile in early trade. The stock rose 1.65% at the days high of Rs 320 in early trade. The stock fell 1.25% at the days low of Rs 310.85 in early trade.

The stock hit a 52-week high of Rs 349.85 on 17 August 2016. The stock hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had outperformed the market over the past 30 days till 13 January 2017, rising 8.46% compared with the 2.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 0.56% as against Sensexs 1.57% decline.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

The board of directors of Central Coalfields, a subsidiary of Coal India (CIL), approved revision of coking coal prices 14 January 2017. The increase in price is done by subsuming the washery recovery charge (WRC) which was being charged separately in the case of non-linked washery grade coking coal keeping in view the observation of ADRM. Due to this revision, Coal India (CIL) will earn approximately additional revenue of Rs 89.98 crore for the balance period of financial year 2016-2017, i.e. from 13 January 2017 to 31 March 2017 and additional revenue of Rs 222 crore for financial year 2017-2018 subject to achievement of production and dispatch target norms. The announcement was made on Saturday, 14 January 2017.

In a separate announcement after market hours on Friday, 13 January 2017, CIL said that the board of Bharat Coking Coal, a subsidiary of CIL, approved revision of coking coal prices from 13 January 2017, approximately 20% increase over the current price while the price of steel grade of coal and direct feed coal has been linked to price of washed coking coal which has been fixed on import parity price . The increase in price is done by subsuming the washery recovery charge (WRC) whIch was being charged separately keeping in view the observation of ADRM. Due to this revision, CIL will earn approximately additional revenue of Rs 702 crore for the balance period of financial year 2016-2017 i.e. from 13 January 2017 to 31 March 2017 and additional revenue of Rs 2986 crore (approximately) for financial year 2017-2018 on achieving the targeted production and despatch programme.

On a consolidated basis, Coal Indias net profit fell 77.37% to Rs 600.44 crore on 7.74% decline in net sales to Rs 15645.05 crore in Q2 September 2016 over Q2 September 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.778% stake in Coal India (as per the shareholding pattern as on 31 December 2016).

Powered by Capital Market - Live News

Jain Irrigation Systems proposes to provide guarantee to subsidiarys Green Bonds issue
Jan 16,2017

Jain Irrigation Systems announced that Jain International Trading B.V (JITBV), the Companys wholly owned direct subsidiary, proposes to issue up to USD 200 million of unsecured senior notes (which will also be certified Green bonds) with a USD 50 million over-allotment option, in relation to which the Company propose to provide a guarantee. The issuance of the Guarantee has been principally approved by the Board of Directors at their meeting held on 14 January 2017. However, the issuance of the Guarantee is subject to the successful issuance of the notes/bonds by JITBV, which will depend on the market conditions prevailing during the launch and agreement on terms between the investors, the Company and JITBV.

The Company estimate that the proceeds from this offering to be used as follows:

1. Approximately USD 200 million, to prepay, repay or refinance existing working capital and term loan facilities of the Company and subsidiaries and issue related / other expenses; and

2. balance proceeds to be used by the Company and subsidiaries for acquisitions, working capital spending, operating expenses, general corporate purpose or otherwise.

Powered by Capital Market - Live News

Board of Tanla Solutions to consider Q3 and 9M results
Jan 16,2017

Tanla Solutions announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of Kirloskar Multimedia to consider December quarter results
Jan 16,2017

Kirloskar Multimedia announced that the Board of Directors of the Company will meet on 31 January 2017, inter alia, to consider the un-audited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Reliance Defence & Engineering announces change in CEO
Jan 16,2017

Reliance Defence & Engineering announced that the Board of Directors of the Company has approved the appointment of Cmde. Kartik Subramaniam (Retd.) as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company with effect from 01 April 2017.

Further, Vice Admiral H.S. Malhi (Retd.), CEO will be superannuating from the services of the Comp

Powered by Capital Market - Live News

Hind Rectifiers appoints directors
Jan 16,2017

Hind Rectifiers announced that the Board of Directors have appointed Vandan Shah as an Additional Director (Non-executive) with effect from 15 January 2017 subject to approval of members in general meeting.

Further the Company has informed that, the Board of Directors have appointed Akshada Nevatia as an Additional Director (Executive) with effect from 15 January 2017 subject to approval of members in general meeting.

Powered by Capital Market - Live News

Board of Hind Rectifiers approves rights issue up to Rs 12 crore
Jan 16,2017

Hind Rectifiers announced that the Board of Directors of the Company has, at their meeting held on 15 January 2017, has considered and approved raising of funds upto Rs. 12 crore by way of offer and issue of equity shares to the existing shareholders of the Company on a rights basis (Right Issue), at such issue price and right entitlement ratio as may be decide by the Board in consultation with Lead Manager, subject to necessary approvals, confirmation and consents as may be necessary/required for compliance of applicable law including the provisions of the SEBI (ICDR) Regulations, 2009, SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.

Powered by Capital Market - Live News

Shares of Marg Techno-Projects get listed
Jan 16,2017

The equity shares of Marg Techno-Projects (Scrip Code: 540254) are listed effective 16 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

Powered by Capital Market - Live News

App named SEZ India launched by Commerce Ministry
Jan 16,2017

A Mobile app named n++SEZ Indian++ has been launched by the Commerce Secretary on 06 January 2017. SEZ Division, Department of Commerce under its broader e-Governance initiative i.e. SEZ Online System, has developed mobile app for Special Economic Zones (SEZs). Commerce Secretary launched the app and mentioned that the App would help the SEZ Units and Developers to find information easily and track their transactions on SEZ Online System. Now the SEZ Developers & Units can file all their transactions digitally through SEZ Online system and track the status on the go through the SEZ India mobile app.

The app is available on Android Platform for use by SEZ Developers, Units, officials and others. The app has four sections i.e. SEZ Information, SEZ Online Transaction, Trade Information, and Contact details. Salient Features of the four sections are as under:-

1. SEZ INFORMATION: This is a compendium of the SEZ Act, 2005, SEZ Rules, 2006, MOCI Circulars, details of SEZs and Units etc. It gives up to date comprehensive details on all the above aspects.

2.TRADE INFORMATION: This provision gives access to important information / tools such as Foreign Trade Policy, Hand Book of procedure , Duty Calculator , Customs & Excise Notification and MEIS Rates.

3.CONTACT DETAILS: We see that the contact details of all Development Commissioners Office, DGFT, DG System, DGCI & S and SEZ online.

4. SEZ online Transaction This is a dynamic submenu that tracks the Bill of Entry / Shipping Bill processing status and also does verification. The app also helps the Importers / Exporters to track the status of Bill of Entry / Shipping Billn++ integration and processing in the EDI system of the ICEGATE.

Powered by Capital Market - Live News

Shares of Shree Nidhi Trading Company get listed
Jan 16,2017

The equity shares of Shree Nidhi Trading Company (Scrip Code: 540253) are listed effective 16 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

Powered by Capital Market - Live News

Coal India in focus after hiking coking coal price
Jan 16,2017

Coal India will be watched. The board of directors of Central Coalfields a subsidiary of Coal India approved revision of coking coal prices 14 January 2017. The increase in price is done by subsuming the washery recovery charge (WRC) which was being charged separately in the case of non-linked washery grade coking coal keeping in view the observation of ADRM. Due to this revision, Coal India (CIL) will earn approximately additional revenue of Rs 89.98 crore for the balance period of financial year 2016-2017, i.e. from 13 January 2017 to 31 March 2017 and additional revenue of Rs 222 crore for financial year 2017-2018 subject to achievement of production and dispatch target norms. The announcement was made on Saturday, 14 January 2017.

Shares of auto and public sector oil marketing companies (PSU OMCs) will be watched. PSU OMCs hiked petrol prices by Rs 0.42 a litre (excluding State levies) on Sunday, 15 January 2017 and diesel rate by Rs 1.03 a litre (excluding State levies).

DCB Banks net profit rose 24.5% to Rs 51.30 crore on 28.8% increase in operating income to Rs 614.31 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 14 January 2017.

NBCC (India) has fixed 21 February 2017 as the record date for 1:2 bonus issue of shares. The announcement was made after trading hours on Friday, 13 January 2017.

Pokarna said that its wholly owned subsidiary, Pokarna Engineered Stone (PESL), plans to expand quartz surfaces production capacity by 130% with investment of Rs 325 crore in a greenfield facility. This investment is expected to be completed by June 2018 and PESL would finance this project through a combination of free cash flow/internal accruals (Rs 75 crores) and loan facilities (Rs 250 crore); PESL is in receipt of financial sanction from its lead banker, for the term loan of Rs 250 crore, for funding the project. Further Pokarnas board has approved extending corporate guarantee for the loan facilities to he extended to PESL. The announcement was made after trading hours on Friday, 13 January 2017.

Hind Rectifiers said that its board approved raising upto Rs 12 crore by issuing equity shares to the existing shareholders of the company on a rights basis. The announcement was made on Sunday, 15 January 2017.

Powered by Capital Market - Live News

Board of Linaks Microelectronics to consider December quarter results
Jan 14,2017

Linaks Microelectronics announced that the Board of Directors meeting will be held on 27 January 2017 for considering unaudited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News