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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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Pricol gets reaffirmation of credit ratings
Jun 16,2017

Pricol announced that ICRA has reaffirmed the rating of the credit facilities as reaffirmed on watch with developing implications to the Company.

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RIL nudges higher after expanding partnership with BP
Jun 16,2017

The announcement was made after market hours yesterday, 15 June 2017.

Meanwhile, the S&P BSE Sensex was up 1.74 points, or 0.01% to 31,077.47.

On the BSE, 4.07 lakh shares were traded in the counter so far, compared with average daily volumes of 66.56 lakh shares in the past one quarter. The stock had hit a high of Rs 1,395 and a low of Rs 1,370.10 so far during the day. The stock had hit a 52-week high of Rs 1,465 on 25 April 2017. The stock had hit a 52-week low of Rs 932 on 9 November 2016.

The stock had outperformed the market over the past one month till 15 June 2017, gaining 3.04% compared with 2.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.14% as against Sensexs 5.71% rise. The scrip had outperformed the market in past one year, rising 40.93% as against Sensexs 16.27% rise.

The large-cap company has equity capital of Rs 3251.57 crore. Face value per share is Rs 10.

Reliance Industries (RIL) and BP announced that they are moving forward to develop already-discovered deepwater gas fields, bringing new gas production for India. The two companies have agreed to deepen and expand their partnership to work jointly across a wide range of areas throughout Indias energy sector.

RIL and BP announced that they will award contracts to progress development of the R-Series deep water gas fields in Block KGD6 off the east coast of India. The R-series (D34) project is a dry gas development in water-depths of more than 2,000 metres, approximately 70 kilometres offshore. The R-series fields will be developed as a subsea tieback to the existing control and riser platform off Block KGD6. The project is expected to produce up to 12 million cubic metres (425 million cubic feet) of gas a day, coming on stream in 2020.

This is the first of three planned projects in Block KGD6 that are expected to be developed in an integrated manner, producing from about 3 trillion cubic feet of discovered gas resources. RIL and BP plan to submit development plans for the next two projects for Government approval before the end of 2017. Development of the three projects, with total investment of Rs 40000 crore ($6 billion), is expected to bring a total 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.

India today consumes over 5 billion cubic feet a day of natural gas and aspires to double gas consumption by 2022. Gas production from the integrated development is expected to help reduce Indias import dependence and amount to over 10% of the countrys projected gas demand in 2022; benefiting India and domestic consumers at large.

Additionally, RIL and BP will expand their existing partnership for strategic cooperation on new opportunities across Indias energy sector. Under the agreement the two companies will jointly explore options to develop differentiated fuels, mobility and advanced low carbon energy businesses in India, as India transitions to a low-carbon world.

The companies expect to collaborate, in addition to the conventional transportation and aviation fuels retailing, on unconventional mobility solutions, addressing electrification, digitization and disruptive mobility trends. Together, these collaborations will seek to address the mobility needs of urban, rural/farm, industrial/commercial, and highway consumers in India, applying the leading capabilities of both partners.

In an historic partnership with RIL in 2011, BP took a 30% stake in multiple oil and gas blocks in India operated by RIL, including the producing Block KGD6. Block KGD6 participating interests are 60% RIL (operator), 30% BP and 10% by NIKO.

Gas produced over the life of these three new projects could generate up to $20 billion in import substitution (at current imported LNG prices) and employment of up to 20,000 skilled labour during the construction period over the next 5 years.

On a consolidated basis, net profit of RIL rose 11.5% to Rs 8053 crore on 42.1% rise in net sales to Rs 84823 crore in Q4 March 2017 over Q4 March 2016.

RIL is Indias largest private sector company. RILs activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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Astrazeneca Pharma India gains after DCGI nod for asthma drug
Jun 16,2017

The announcement was made after market hours yesterday, 15 June 2017.

Meanwhile, the S&P BSE Sensex was up 15.81 points, or 0.05% to 31,091.54.

On the BSE, 2,453 shares were traded in the counter so far, compared with average daily volumes of 4,977 shares in the past one quarter. The stock had hit a high of Rs 955.65 and a low of Rs 930 so far during the day. The stock hit a 52-week high of Rs 1,146.95 on 24 August 2016. The stock hit a 52-week low of Rs 909 on 27 February 2017.

The stock had underperformed the market over the past one month till 15 June 2017, falling 5.30% compared with 1.36% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.92% as against Sensexs 4.81% rise. The scrip had also underperformed the market in past one year, falling 14.72% as against Sensexs 17.15% rise.

The small-cap company has equity capital of Rs 5 crore. Face value per share is Rs 2.

AstraZeneca Pharma India said it received import and market permission in Form 45 (marketing authorization) from the Drug Controller General of India for fixed-dose combination (FDC) of Budesonide 320 n++g +Formoterol Fumarate Dihydrate 9 n++g inhalation powder.

FDC of Budesonide 320 n++g + Formoterol Fumarate Dihydrate 9 n++g inhalation powder (Symbicort Turbuhaler 320/9 n++g) is a product of AstraZeneca global and is indicated in the regular treatment of Asthma where use of combination of inhaled regular corticosteroid & long acting n++-agonist is appropriate and patients with moderate to severe chronic obstructive pulmonary disease (COPD) with frequent symptoms and a history of exacerbations.

Astrazeneca Pharma India reported net loss of Rs 2.88 crore in Q4 March 2017 as against net profit of Rs 0.56 crore in Q4 March 2016. Net sales declined 16.90% to Rs 110.95 crore in Q4 March 2017 over Q4 March 2016.

AstraZeneca Pharma India is a subsidiary of AstraZeneca Plc, UK. It covers manufacturing, sales and marketing activities of the company in India. The company has an innovative portfolio in crucial areas of healthcare including cardiovascular and & metabolic diseases, oncology and respiratory.

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19.5% Growth in Foreign Tourist arrivals in May 2017 over May 2016
Jun 16,2017

The following are the important highlights regarding FTAs & also FTAs on e-Tourist Visa from tourism during the month of May, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in May, 2017 were 6.30 lakh as compared to FTAs of 5.27 lakh in May, 2016 and 5.09 lakh in May, 2015.

n++ The growth rate in FTAs in May, 2017 over May, 2016 is 19.5% compared to 3.5% in May, 2016 over May, 2015.

n++ FTAs during the period January- May 2017 were 42.15 lakh with a growth of 16.4%, as compared to the FTAs of 36.22 lakh with a growth of 8.7% in January- May 2016 over January- May 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2017 among the top 15 source countries was highest from Bangladesh (29.73%) followed by USA (14.37%), UK (6.76%), Malaysia (3.64%), China (2.91%), Sri Lanka (2.68%), Japan(2.38%), Germany (2.34%), Canada (2.33%), Australia (2.26%), Singapore (1.99%), France (1.77%), Afghanistan (1.76%), Nepal (1.73%) and Republic of Korea (1.52%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2017 among the top 15 ports was highest at Delhi Airport (24.17%) followed by Haridaspur Land check post (17.06%), Mumbai Airport (15.04%),Chennai Airport (7.75%), Bengaluru Airport (6.50%), Kolkata Airport (5.29%), Gede Rail Land check post (3.62%), Hyderabad Airport (3.33%),Cochin Airport (3.25%), Ghojadanga land check post (2.14%), Tiruchirapalli Airport (1.76%), Ahmadabad Airport (1.61%), Trivandrum Airport (1.36%), Goa Airport (0.78%),and Attari-Wagh Airport (0.77%).

Foreign Tourist Arrivals (FTAs) on e-Tourist Visa

n++ During the month of May, 2017 total of 0.68 lakh tourist arrived on e-Tourist Visa as compared to 0.44 lakh during the month of May 2016 registering a growth of 55.3%.

n++ During January- May 2017, a total of 6.50 lakh tourist arrived on e-Tourist Visa as compared to 4.35 lakh during January-May 2016, registering a growth of 49.4%.

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during May, 2017 were as follows:

USA (15.1%), UK (13.1%), China (8.4%), Germany (4.3%), Australia (4.1%), France (4.0%), Canada (3.9%), Korea (Rep.of) (3.4%), Singapore (2.8%), Malaysia (2.5%), Russian Fed (2.2%), Spain (2.1%), UAE (2.0%), Thailand (1.9%), and South Africa (1.6%).

The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during May, 2017 were as follows:-

New Delhi Airport (45.1%), Mumbai Airport (21.4%), Bengaluru Airport (8.6%), Chennai Airport (7.8%), Kochi Airport (3.6%), Hyderabad Airport (2.8%), Kolkata Airport (2.5%), Dabolim (Goa) Airport (1.9%), Ahmadabad Airport (1.4%), Amritsar Airport (1.2%), Tirchy Airport (1.1%), Trivandrum Airport (1.1%), Jaipur Airport (0.4%), Calicut Airport (0.4%)and Pune Airport(0.3%) .

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Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates
Jun 16,2017

The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

In a majority of supplies of goods, the tax incidence approved by the GST Council is much lower than the present combined indirect tax rates levied [on account of central excise duty rates / embedded central excise duty rates / service tax post-clearance embedding, VAT rates or weighted average VAT rates, cascading of VAT over excise duty and tax incidence on account of CST, Octroi, Entry Tax, etc.] by the Centre and States.

A list of such supplies, where the GST incidence is lower than the present combined indirect tax rates are reflected as under:

S. 

No.

Chapter / Heading / Sub-heading / Tariff itemDescription of goods14

Milk powder

24

Curd, Lassi, Butter milk put up in unit container

34

Unbranded Natural Honey

40401

Ultra High Temperature (UHT) Milk

50405

Dairy spreads

60406

Cheese

7801

Cashew nut

8806

Raisin

99

Spices

109

Tea

1110

Wheat

1210

Rice

1311

Flour

1415

Soyabean oil

1515

Groundnut oil

1615

Palm oil

1715

Sunflower oil

1815

Coconut oil

1915

Mustard Oil

2015

Sunflower oil

2115

Other vegetable edible oils

2217

Sugar

231702

Palmyra jaggery

241704

Sugar confectionery

251902

Pasta, spaghetti, macaroni, noodles

2620

Fruit and vegetable items and other food products

272001, 2004

Pickle, Murabba, Chutney

2821

Sweetmeats

292103

Ketchup & Sauces

302103 30 00

Mustard Sauce

312103 90 90

Toppings, spreads and sauces

322106

Instant Food Mixes

332106

Other pulses bari (mungodi)

3422

Mineral water

352201 90 10

Ice and snow

3625

Cement

3727

Coal

3827

Kerosene PDS

3927

LPG Domestic

4030

Insulin

4133

Agarbatti

4233

Tooth powder

4333

Hair oil

4433

Toothpaste

453304 20 00

Kajal [other than kajal pencil sticks]

4634

Soap

4737

X ray films for medical use

483822

Diagnostic kits and reagents

The trade deficit for May 2017 was estimated at US$ 13841.72 million
Jun 16,2017

Exports have been exhibiting positive growth for the last eight months. In continuation withgrowth indicated by exports since September 2016, exports during May 2017have shown growth of 8.32per cent in dollar terms valued at US$ 24014.62million as compared to US$ 22170.62 million during May,2016. In Rupee terms, duringMay 2017 exports were valued at Rs. 154713.69crore as compared to Rs. 148336.31crore during May,2016, registering a positive growth of 4.30 per cent.

During May 2017, Major commodity groups of export having a share of 72.09% in total export basket which have shown positive growth over the corresponding month of last year are Engineering Goods (8.25%), Gems& Jewellery (6%), Petroleum Products (24.92%), RMG of all Textiles (8.06%), Organic & Inorganic Chemicals (15.34%),Rice (27.08%), Marine Products (44.58%) and Electronic Goods (8.57%).

Cumulative value of exports for the period April-May 2017-18 was US $48649.71 million (Rs 313627.48 crore) as against US $42739.47 million (Rs 285056.42 crore) registering a positive growth of 13.83 per cent in Dollar terms and 10.02 per cent in Rupee terms over the same period last year.

Non-petroleum and Non Gems & Jewellery exports in May 2017 were valued at US$ 17514.36million against US$ 16404.31million in May 2016, an increase of 6.77 %. Non-petroleum and Non Gems and Jewellery exports during April -May 2017-18 were valued at US$ 35233.23 million as compared to US$ 31540.72 million for the corresponding period in 2016-17, an increase of 11.71%.

IMPORTS

Imports during May 2017 were valued at US$ 37856.34 million (Rs. 243888.74 crore) which was 33.09per cent higher in Dollar terms and 28.16per cent higher in Rupee terms over the level of imports valued at US$ 28443.52 million (Rs. 190306.19crore) in May, 2016. Cumulative value of imports for the period April-May 2017-18 was US$ 75740.62 million (Rs. 488269.26 crore) as against US$ 53857.24 million (Rs. 359229.90 crore) registering a positive growth of 40.63 per cent in Dollar terms and 35.92 per cent in Rupee terms over the same period last year.

Major commodity group of imports showing high growth in May 2017 over the corresponding month of last yearare Petroleum, Crude &products (29.54%),Gold(236.69%), Electronic goods(34.16%), Pearls, precious & Semi-precious stones(37.61%) and Machinery, electrical & non-electrical(6.42%).

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May, 2017 were valued at US$ 7692.71 million which was 29.54percent higher than oil imports valued at US$ 5938.59million in May 2016.Oil imports during April-May, 2017-18 were valued at US$ 15051.98 million which was 29.82 per cent higher than the oil imports of US$ 11594.51 million in the corresponding period last year.

In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 7.94% in May 2017 vis-n++-vis May 2016 as per World Bank commodity price data (The pink sheet).

Non-oil imports during May, 2017 were estimated at US$ 30163.63 million which was 34.03per cent higher than non-oil imports of US$ 22504.93million in May, 2016. Non-oil imports during April-May 2017-18 were valued at US$ 60688.64 million which was 43.60 per cent higher than the level of such imports valued at US$ 42262.73 million in April-May, 2016-17.

II. TRADE IN SERVICES (for April, 2017, as per the RBI Press Release dated 15th June, 2017)

EXPORTS (Receipts)

Exports during April 2017 were valued at US$ 12904 Million (Rs. 83239.96Crore) registering a negative growth of 8.99 per cent in dollar terms as compared to positive growth of 8.57 per cent during March 2017 (as per RBIs Press Release for the respective months).

IMPORTS (Payments)

Imports during April 2017 were valued at US$ 7222 Million (Rs. 46587.03Crore) registering a negative growth of 12.64per cent in dollar terms as compared to positive growth of 14.26 per cent during March2017 (as per RBIs Press Release for the respective months).

III. TRADE BALANCE

MERCHANDISE: The trade deficit for May 2017 was estimated at US$ 13841.72 million as against the deficit of US$ 6272.90 million during May 2016.

SERVICES: As per RBIs Press Release dated 15th June2017, the trade balance in Services (i.e. net export of Services) for April, 2017 was estimated at US$ 5682 million.

OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April- May 2017-18 is estimated at US$ 21408.91 million as compared to US$ 5392.77 million during April-May 2016-17. (Services data pertains to April 2017 as April 2017 is the latest data available as per RBIs Press Release dated 15th June 2017)

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SCI corrects on profit booking
Jun 16,2017

Meanwhile, the S&P BSE Sensex was up 90.82 points, or 0.29% to 31,166.55.

On the BSE, 1.71 lakh shares were traded in the counter so far, compared with average daily volumes of 4.58 lakh shares in the past one quarter. The stock had hit a high of Rs 85.85 and a low of Rs 83.35 so far during the day. The stock hit a 52-week high of Rs 92 yesterday, 15 June 2017. The stock hit a 52-week low of Rs 55.75 on 21 November 2016.

The stock had outperformed the market over the past one month till 15 June 2017, rising 4.91% compared with 1.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.59% as against Sensexs 4.81% rise. The scrip had also outperformed the market in past one year, rising 27.08% as against Sensexs 17.15% rise.

The mid-cap company has equity capital of Rs 465.80 crore. Face value per share is Rs 10.

Shares of Shipping Corporation of India (SCI) rose 18.78% in three trading sessions to settle at Rs 85.40 yesterday, 15 June 2017, from its close of Rs 71.90 on 12 June 2017.

The stock jumped 7.62% to settle at Rs 85.40 yesterday, 15 June 2017, on reports NITI Aayog has proposed strategic sale of about 26% stake in the company. According to reports, the core group of secretaries on disinvestment, headed by the cabinet secretary, discussed the proposal and has mandated the Shipping Ministry to find out legal hassles, if any, in the process. The proposal will soon go to the Cabinet Committee on Economic Affairs, reports added.

The government, at present, holds 63.75% stake in SCI. After the sale of 26% stake, the government holding in the company will come down to 37.75%. The sale of 26% stake could fetch about Rs 960 crore to the exchequer. The government has budgeted to raise Rs 15000 crore through strategic sale of PSUs this fiscal.

Net profit of Shipping Corporation of India declined 58.78% to Rs 92.36 on 5.09% decline in net sales to Rs 897.73 crore in Q4 March 2017 over Q4 March 2016.

Shipping Corporation of India in the largest Indian shipping company. The SCI also has substantial interests in various segments of the shipping trade.

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Board of Dhanvarsha Finvest approves change in directorate
Jun 16,2017

Dhanvarsha Finvest announced that the Board of Directors have appointed Karan Neale Desai as Non Executive Professional Director and have taken on record resignation received from Hitendra Shah and Jayshribahen Shah.

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Public Procurement (Preference to Make in India), Order 2017 issued
Jun 16,2017

The Government has issued Public Procurement (Preference to Make in India), Order 2017 today as part of the policy of the Government of India to encourage Make in India and promote manufacturing and production of goods and services in India with a view to enhancing income and employment. Subject to the provisions of this Order and to any specific instructions issued by the Nodal Ministry or in pursuance of this Order, purchase preference shall be given to local suppliers in all procurements undertaken by procuring entities in the manner specified .As per the order the minimum local content shall ordinarily be 50%. The Nodal Ministry may prescribe a higher or lower percentage in respect of any particular item and may also prescribe the manner of calculation of local content. The margin of purchase preference shall be 20% . Ministries /Departments and the Boards of Directors of Government companies may issue such clarifications and instructions as may be necessary for the removal of any difficulties arising in the implementation of this Order.

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Jindal Worldwide declines on profit booking
Jun 16,2017

Meanwhile, the S&P BSE Sensex was up 69.53 points, or 0.22% at 31,141.93. The S&P BSE Small-Cap index was up 82.87 points, or 0.53% at 15,728.76.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 30,000 shares in the past two-weeks. The stock had hit a high of Rs 650 so far during the day, which is also its record high. The stock had hit a low of Rs 599.35 so far during the day. The stock had hit a 52-week low of Rs 142.50 on 21 June 2016.

Jindal Worldwide had rallied 49.65% in the preceding three trading sessions to settle at Rs 637.15 yesterday, 15 June 2017, from its closing of Rs 425.75 on 12 June 2017.

Jindal Worldwides net profit spurted 106.5% to Rs 23.97 crore on 26.8% increase in net sales to Rs 368.02 crore in Q4 March 2017 over Q4 March 2016.

Jindal Worldwide is the leader in Indian textile Industries and is operating in Indian contingent as well as having its international collaboration and clients in north and South America to Europe, Africa and Middle-East Asia.

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IPCA Lab slumps after USFDA bans drugs from three plants
Jun 16,2017

The announcement was made after market hours yesterday, 15 June 2017.

Meanwhile, the S&P BSE Sensex was up 62.99 points, or 0.20% to 31,138.72.

On the BSE, 2.03 lakh shares were traded in the counter so far, compared with average daily volumes of 17,332 shares in the past one quarter. The stock had hit a high of Rs 468 and a low of Rs 437 so far during the day. The stock hit a 52-week high of Rs 656 on 5 April 2017. The stock hit a 52-week low of Rs 435 on 24 June 2016.

The stock had underperformed the market over the past one month till 15 June 2017, falling 5.75% compared with 1.36% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.55% as against Sensexs 4.81% rise. The scrip had also underperformed the market in past one year, rising 6.95% as against Sensexs 17.15% rise.

The mid-cap company has equity capital of Rs 25.24 crore. Face value per share is Rs 2.

IPCA Laboratories said that drugs manufactured at its facilities at SEZ Indore (Pithampur), Piparia (Silvassa) and Ratlam (Madhya Pradesh) have been banned from the US market by the US Food and Drug Administration (USFDA). The drug regulator cited violation of current good manufacturing norms for taking the step against the company. The USFDA has refused admission to all drugs made at the companys Pithampur and Silvassa facility. All drugs, except API Chloroquine Phosphate, made at Ratlam (Madhya Pradesh) unit have also been denied entry in the US, it further said. The ban will continue until the company can demonstrate that the drugs manufactured from these manufacturing sites and intended for the US market are in compliance with the current good manufacturing practice regulation (cGMP).

Net profit of IPCA Laboratories rose 34.8% to Rs 44.39 on 6% rise in net sales to Rs 665.80 crore in Q4 March 2017 over Q4 March 2016.

IPCA Laboratories is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 Active Pharmaceutical Ingredients (APIs) for various therapeutic segments.

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L&T Finance Holdings shifts registered office
Jun 16,2017

L&T Finance Holdings has shifted its registered office from L&T House, N. M. Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India to Brindavan, Plot No. 177, CST Road, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra, India with effect from 15 June 2017.

New registered office address is -
Brindavan, Plot No. 177, CST Road, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra, India
Phone Number (022)-62125000
Fax Number (022)-62125398
Email Id igrc@ltfinanceholdings.com Website www.ltfs.com

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Navin Fluorine International allots 28650 equity shares
Jun 16,2017

Navin Fluorine International has allotted 28650 ,equity shares of the face value of Rs. 10/- each to employees upon exercising Stock Options by them under the prevailing Employee Stock Option Scheme 2007 of the Company on 14 June 2017.

With this allotment, the paid-up capital of the Company has increased to Rs. 9,84,12,915 (98,39,836 equity shares of Rs. 10/- each fully paid up and 2911 partly paid equity shares of Rs. 10/- each, on which Rs. 5/- per share paid up).

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Infosys announces appointment of Global Heads
Jun 16,2017

Infosys the appointment of Karmesh Vaswani as the Global Head - Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing, effective 15 July 2017. Karmesh Vaswani and Nitesh Banga are both career Infoscions who have held strategic portfolios across the organization for nearly a decade. Karmesh & Nitesh are to replace Sandeep Dadlani, President and Head - MRCL, who will be leaving the company.

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Board of Burnpur Cement approves change in company secretary
Jun 16,2017

Burnpur Cement announced the appointment of Indrajeet Kumar Tiwary as a Company Secretary in place of Sudhansu Sekhar Panigrahi who resigned from the post of Company Secretary. The change was approved in the board meeting held on 14 June 2017.

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