My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Fitch: Economic Nationalism and Fiscal Reflation Dominate 2017 Global Economic Outlook
Nov 29,2016

The surge in populism and anti-establishment sentiment witnessed in the Brexit vote and Donald Trumps victory in the US presidential election seem likely to push structural policies in the direction of economic nationalism, entailing a reduction in trade openness and international labour migration, says Fitch Ratings in its latest global economic outlook (GEO). At the same time, electoral expressions of discontent are pushing leaders in the advanced economies to embrace easier fiscal policies.

In the long term, there is little doubt that increased trade protectionism and weaker migration flows would dampen growth in the advanced economies. However, in the short run, it is likely that the shift towards fiscal reflation will be the dominant factor, said Brian Coulton, Chief Economist at Fitch.

We have revised our global growth forecasts for 2017 upwards as the US is now expected to see a significant fiscal boost, albeit far smaller than that set out in President-elect Trumps campaign proposals. Fitchs US growth forecasts have been revised upwards modestly, by 0.2pp in 2017 and 0.1pp in 2018, to 2.2% and 2.3%, respectively.

An important implication of the shift towards fiscal easing is that central banks are no longer alone in providing macro policy stimulus. While we have not changed our central view that the Fed will hike rates in December and follow up with two further hikes in 2017, this increases confidence that the normalisation of US monetary policy will progress at a faster pace than over the last year, added Coulton.

Global bond yields have increased sharply since the US election. With headline inflation rates set to rise across the board in early 2017 and the potential for a reversal of globalisation to push up prices in the advanced countries over the medium term, there has been a renewed focus on inflation risks. However, changes to the macro policy outlook are most pronounced in the US and with the ECB likely to announce an extension of asset purchases for six to nine months beyond March 2017, this has partly been reflected in renewed dollar strengthening.

In emerging markets, the macro picture has brightened during 2016 as recessions in Russia and Brazil have started to bottom out and commodity prices have recovered. Furthermore, Chinas efforts to stabilise the economy following the slowdown last year have been more successful than anticipated. We have revised our China forecast for 2016 to 6.7% from 6.5% in Septembers GEO and 2017 up to 6.4% from 6.3%. Policy is now turning less accommodative in China, with a number of measures designed to cool the housing market, but the impact on GDP growth through 2017 is likely to be gradual.

Overall, against a backdrop of generally better-than-expected GDP growth outturns in 3Q16, our global growth forecasts have been revised up by 0.1pp in both 2016 and 2017. Global growth is expected to pick up to 2.9% in 2017 from 2.5% this year as US investment recovers, fiscal policy is eased and recessions come to an end in Brazil and Russia. The revision to global growth in 2017 is entirely explained by a 0.2pp upward revision in growth in the advanced economies. For emerging markets, the increase for China is more than offset by a weaker outlook for Mexico and India. Emerging market growth in 2017 has been revised down by 0.1pp to 4.8%.

This central scenario is accompanied by sizeable and increasing downside risks. First, the populist surge could exacerbate fragmentary tensions within the eurozone, with non-mainstream anti-EU parties gaining in popularity ahead of a series of key elections. Second, in the event of the US imposing punitive trade restrictions on China, retaliatory actions could see a trade or currency war develop. This would be highly damaging for global market sentiment and would reduce world growth.

Powered by Capital Market - Live News

JHS Svendgaard declines as Tano Mauritius liquidates bulk shares
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 39.12 points or 0.15% at 26,389.29.

On the BSE, 98,000 shares were traded on the counter so far as against average daily volumes of 78,744 shares in the past one quarter. The stock had hit a high of Rs 41.30 and a low of Rs 37 so far during the day. The stock had hit a 52-week low of Rs 12.71 on 20 December 2015. The stock had hit a 52-week high of Rs 46.30 on 1 November 2016. The stock had outperformed the market over the past one month till 28 November 2016, declining 4.24% compared with the Sensexs 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 12.06% as against the Sensexs 5.15% fall.

The small-cap company has equity capital of Rs 39.87 crore. Face value per share is Rs 10.

Tano Mauritius India FVCI owned 6.65% stake in JHS Svendgaard Laboratories end September 2016.

On a consolidated basis, JHS Svendgaard Laboratories reported net profit of Rs 1.35 crore in Q2 September 2016, compared with net loss of Rs 0.92 crore in Q2 September 2015. Net sales rose 20.7% to Rs 30.65 crore in Q2 September 2016 over Q2 September 2015.

JHS Svendgaard Laboratories is engaged in exporting, importing, trading, buying and selling of oral care/hygiene products (including toothbrushes and toothpastes).

Powered by Capital Market - Live News

Asia Pacific Market: Stocks mixed ahead of key events
Nov 29,2016

Asia Pacific share market ended mixed on Tuesday, 29 November 2016, with risk sentiments curbed by a lackluster performance in global equity markets overnight and ahead of key events from OPEC talks to the U.S. jobs report and Italys referendum. The MSCI Asia Pacific Index slid 0.1% to 136.47.

Wall Street suffered its worst performance in nearly a month overnight, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.

Investors were turning their attention to the OPEC meeting on Wednesday and Italys vote on constitutional reform at the weekend. The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna to discuss a planned production cut in an effort to curb overproduction that had dogged markets and more than halved prices since 2014. The uncertainty has prompted oil price to fall. The price of the benchmark U.S. oil fell 20 cents to $46.88 a barrel in electronic trading on New York Mercantile Exchange. The contract jumped $1.02 to close at $47.08 a barrel on Monday. Brent crude, the international standard, eased 29 cents to $49.92 a barrel in London, from $48.79 on Tuesday.

Italians vote on constitutional changes on Dec. 4 that would limit the power of the upper house and make it easier for governments to pass legislation. Prime Minister Matteo Renzi has said he will resign in case of a no result. New elections, if held, could bring to power the Five Star Movement, which has said it wants to hold a referendum on euro membership.

Among Asian bourses

Australia Market ends softer

Australian share market closed marginally lower today, as risk sentiments subdued on tracking weak lead from Wall Street overnight. The major banks gained some ground but the miners dragged on the market. At the closing bell, the benchmark S&P/ASX 200 index fell 6.90 points, or 0.13%, to 5457.50, while the broader All Ordinaries index declined 12.10 points, or 0.22%, to close at 5520.50.

Telecom stocks were the biggest drag, with Vocus Communications falling 24.5%, after the company issued its first guidance for 2016-17 bringing recent acquisitions Nextgen, M2 Group and Amcom under the one umbrella. Vocus said revenue was expected to be about A$1.9 billion, underlying EBITDA was forecast between A$430 million and A$450 million, while underlying net profit after tax was expected to be between A$205 million and A$215 million. TPG Telecom fell 7.2% to A$7.00, after being caught up in negative sentiment in the sector sparked by a guidance update from competitor Vocus.

Shares of financial players inclined, led by top four lenders. Among major banks, Commonwealth Bank of Australia was up 0.8% and Australia & New Zealand Banking Group rose 0.2%.

The plunge in the Dalian iron ore futures hit local iron ore miners, with Fortescue dropping 0.6% to A$6.21, after earlier in the session rising as much as 3% to a five-year high of $6.44. Gold miners, too, lost their shine as the precious metal reversed some of Monday nights gains.

Nikkei falls on profit booking, weak offshore lead

The Japan share market declined for second straight session, as investors continued locking gains after the benchmark index hit 11-months high at the end of last week and on tracking negative lead from Wall Street overnight and a pause in the yens recent weakening.. Total 20 out of 33 TSE industry categories on the main section declined, with Insurance, Iron & Steel, Securities & Commodities Futures, and Glass & Ceramics Products being major losers, while Fishery, Agriculture & Forestry, Chemicals, and Foods issues being notable gainers. The benchmark Nikkei 225 index dropped 0.27%, or 49.85 points, to close at 18,307.04, while the broader Topix index of all first-section issues lost 0.07%, or 1.01 points, to 1,468.57.

Insurer Dai-ichi Life, brokerage firm Nomura and steelmaker JFE Holdings met with selling. Clothing store chain operator Fast Retailing and mobile phone carrier SoftBank Group, both heavily weighted components of the Nikkei average, were also downbeat. Oil companies, such as JX Holdings and Japex, lost ground amid diminishing expectations for an agreement on cutting crude oil output at the upcoming OPEC meeting. Other major losers included automakers Toyota, Suzuki and Fuji Heavy.

By contrast, general contractors Kajima, Taisei, Shimizu and Zenitaka attracted buying. Mega-banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui wiped out earlier losses to end higher.

Japan retail sales fell 0.1% on year in October, the Ministry of Economy, Trade and Industry said on Tuesday, following the fall of 1.7% in September. On a seasonally adjusted monthly basis, retail sales climbed 2.5%, up from 0.3% in the previous month. Sales from large retailers shed 1.0% on year, following the 3.2% tumble a month earlier.

Japan jobless rate was a seasonally adjusted 3% in October, the Ministry of Internal Affairs and Communications said on Tuesday, unchanged from the previous month. The job-to-applicant ratio came in at 1.40, up from 1.38 in the previous month. The participation rate was 60.4%, easing from 60.5% a month earlier. The number of employed persons in October was 64.95 million, an increase of 630,000 or 1% on year.

China Market attains highest level 11 months

Mainland China stock market extended their bull run for a fourth session, closing at the highest level in almost 11 months as investors hopes that speculation curbs on the real estate market will push funds into equities. Investor sentiment also received a boost after Morgan Stanley upgraded their ratings on mainland stock markets. The blue-chip CSI300 index rose 0.82%, to 3,564.04, while the Shanghai Composite Index gained 0.18% to 3,282.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.77% to 2,110.36. The measure has added 5.9% so far this month.

As per reports, Chinas central bank is clamping down further on mortgage lending in areas deemed overheated and some lenders have been asked to suspend distributing new home loans. The city of Shanghai said in a social media post on Monday that it will tighten mortgage loan policies starting Nov. 29, while Tianjin has raised minimum mortgage down payments for first homes to at least 30%. Market pundit expects the government tightening property likely move some of excess liquidity into the A-share market again.

Investor sentiment also received a boost after analysts from Morgan Stanley upgraded their ratings on mainland stock markets, forecasting the Shanghai Composite Index to top 4,400 in 2017 as China maintains loose monetary conditions amid a challenging external trade environment after US president-elect Donald Trump takes office. The Morgan Stanley index prediction is 34% higher than Mondays Shanghai close of 3,277.

Shares in home appliance, liquor and traditional Chinese medicine firms attracted buying ahead of the start of a trading link between Hong Kong and Shenzhen on 5 December 2016. Midea Group Co. jumped 4.5% to close at a record price, and the liquor companies Wuliangye Yibin Co. and Luzhou Laojiao Co. rose 3.5% and 3.2%, respectively. Dong-E-E-Jiao Co., a maker and seller of traditional Chinese medicine, climbed 1.9%.

Hong Kong Stocks fall, energy shares weigh

The Hong Kong stock market ended lower, weighed down by energy shares as oil prices dropped on doubts that producer cartel OPEC would hammer out an output cut this week. Investors risk appetite was also curbed by a lacklustre performance in global equity markets overnight. Wall Street suffered its worst performance in nearly a month, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. But losses were limited ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Sector performance was mixed, with energy and raw material shares sliding while industrial and utilities gained. The Hang Seng Index ended down 0.41%, or 93.50 points, to 22,737.07 and the Hang Seng China Enterprises index fell 0.3%, or 29.33 points, to 9,846.21. Turnover decreased to HK$68.7 billion from HK$70.6 billion on Monday.

The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna to discuss a planned production cut in an effort to curb overproduction that had dogged markets and more than halved prices since 2014. The uncertainty has prompted oil price to fall. Sentiment was also dampened by falling coal prices. Chinas thermal coal futures lost nearly 3% to a 5-1/2-week low. Index heavyweight China Shenhua Energy Co slid 1.5%.

Property developers shares hit after Tianjin and Shanghai stepped up property curbing measures. CR Land (01109) fell 1% to HK$18.9. China Overseas Land (00688) edged down 0.8% to HK$22.4. Hang Lung Properties (00101) slipped 1.2% to HK$17.22. Hang Lung Group (00010) slid 2.7% to HK$29.1.

Standard Chartered (02888) fell 1.5% to HK$60.5 on rumours that is planned job cut will start this week. HSBC (00005) sank 1.5% to HK$60.6.

Sensex, Nifty hit 2-1/2-week closing high

Indian benchmark indices registered gains for a third day, led by a rally in automakers while banks continued to falter. The barometer index, the S&P BSE Sensex, rose 43.84 points or 0.17% to settle at 26,394.01. The Nifty 50 index rose 15.25 points or 0.19% at 8,142.15.

Sentiment remained upbeat for the better part of the day after the government yesterday provided yet another opportunity to black money holders to legalise their wealth. The government has proposed to tax at 50% the unaccounted demonetised cash that is disclosed voluntarily till 30 December, after which a steep up to 85% tax and penalty will be levied on undisclosed wealth that is discovered by authorities.

Idea Cellular surged 4.42% on media reports that the company is likely to sell 100% stake in its tower subsidiary. Idea Cellular has dropped its earlier plans to sell a minority stake in the tower business and now it is looking to sell 11,000 telecom towers for close to $1 billion, reports suggested.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was slight 0.01% down at 6902.71. Indonesias Jakarta Composite index added 0.4% to 5136.67. Taiwans Taiex fell 0.3% to 9192.38. South Koreas KOSPI index edged up 0.01% to 1978.39. Malaysias KLCI was down 0.1% to 1626.93. Singapores Straits Times index rose 0.2% to 2879.14.

Powered by Capital Market - Live News

Hong Kong Stocks fall, energy shares weigh
Nov 29,2016

The Hong Kong stock market ended lower on Tuesday, 29 November 2016, weighed down by energy shares as oil prices dropped on doubts that producer cartel OPEC would hammer out an output cut this week. Investors risk appetite was also curbed by a lacklustre performance in global equity markets overnight. Wall Street suffered its worst performance in nearly a month, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. But losses were limited ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Sector performance was mixed, with energy and raw material shares sliding while industrial and utilities gained. The Hang Seng Index ended down 0.41%, or 93.50 points, to 22,737.07 and the Hang Seng China Enterprises index fell 0.3%, or 29.33 points, to 9,846.21. Turnover decreased to HK$68.7 billion from HK$70.6 billion on Monday.

Powered by Capital Market - Live News

China Market attains highest level 11 months
Nov 29,2016

Mainland China stock market extended their bull run for a fourth session on Tuesday, 29 November 2016, closing at the highest level in almost 11 months as investors hopes that speculation curbs on the real estate market will push funds into equities. Investor sentiment also received a boost after Morgan Stanley upgraded their ratings on mainland stock markets. The blue-chip CSI300 index rose 0.82%, to 3,564.04, while the Shanghai Composite Index gained 0.18% to 3,282.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.77% to 2,110.36. The measure has added 5.9% so far this month.

Powered by Capital Market - Live News

Nikkei falls on profit booking, soft offshore lead
Nov 29,2016

The Japan share market declined for second straight session on Tuesday, 29 November 2016, as investors continued locking gains after the benchmark index hit 11-months high at the end of last week and on tracking negative lead from Wall Street overnight and a pause in the yens recent weakening.. Total 20 out of 33 TSE industry categories on the main section declined, with Insurance, Iron & Steel, Securities & Commodities Futures, and Glass & Ceramics Products being major losers, while Fishery, Agriculture & Forestry, Chemicals, and Foods issues being notable gainers. The benchmark Nikkei 225 index dropped 0.27%, or 49.85 points, to close at 18,307.04, while the broader Topix index of all first-section issues lost 0.07%, or 1.01 points, to 1,468.57.

Powered by Capital Market - Live News

Australia Market ends softer
Nov 29,2016

Australian share market closed marginally lower on Tuesday, 29 November 2016, as risk sentiments subdued on tracking weak lead from Wall Street overnight. The major banks gained some ground but the miners dragged on the market. At the closing bell, the benchmark S&P/ASX 200 index fell 6.90 points, or 0.13%, to 5457.50, while the broader All Ordinaries index declined 12.10 points, or 0.22%, to close at 5520.50.

Powered by Capital Market - Live News

Cadila Healthcare corrects on profit booking
Nov 29,2016

Meanwhile, the BSE Sensex was up 132.61 points, or 0.50%, to 26,482.78.

On BSE, so far 24,000 shares were traded in the counter, compared with average daily volume of 70,800 shares in the past one quarter. The stock hit a high of Rs 414.60 and a low of Rs 399.10 so far during the day. The stock hit a 52-week high of Rs 429.45 on 1 November 2016. The stock hit a 52-week low of Rs 295.50 on 18 January 2016. The stock had outperformed the market over the past 30 days till 28 November 2016, falling 1.86% compared with the 5.66% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.50% as against Sensexs 7.03% decline.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Shares of Cadila Healthcare rose 12.51% in five trading sessions to settle at Rs 411 yesterday, 28 November 2016, from its close of Rs 365.30 on 21 November 2016.

Cadila Healthcares consolidated net profit fell 28.93% to Rs 337.60 crore on 3.08% increase in net sales to Rs 2336.30 crore in Q2 September 2016 over Q2 September 2015.

Cadila Healthcare is a global pharmaceutical company that discovers, manufactures and markets a broad range of healthcare therapies.

Powered by Capital Market - Live News

Rally in Sagar Cements fizzles out on profit booking
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 114.82 points or 0.44% at 26,464.99.

On the BSE, 8,271 shares were traded on the counter so far as against the average daily volumes of 4,956 shares in the past one quarter. The stock had hit a high of Rs 724 and a low of Rs 692.45 so far during the day. The stock had hit a record high of Rs 835 on 14 October 2016. The stock had hit a 52-week low of Rs 350 on 18 February 2016. The stock had outperformed the market over the past one month till 28 November 2016, sliding 2.02% compared with the Sensexs 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 9.82% as against the Sensexs 5.15% fall.

The small-cap company has equity capital of Rs 17.39 crore. Face value per share is Rs 10.

Shares of Sagar Cements rallied 20.5% in the preceding five trading sessions to settle at Rs 714.05 yesterday, 28 November 2016, from its close of Rs 592.80 on 21 November 2016. Lions part of the rally materialized in a single trading session yesterday, 28 November 2016, when the stock settled higher by 15.19%, after the companys board at a meeting held on 28 November 2016, fixed an issue price of Rs 800 per equity share for the proposed issue of 6.11 lakh equity shares of the company on preferential basis, subject to requisite approvals. The issue price is at a premium of 15.04% over ruling market price.

Net profit of Sagar Cements declined 71.53% to Rs 2.50 crore on 29% decline in net sales to Rs 119.20 crore in Q2 September 2016 over Q2 September 2015.

Sagar Cements is engaged in manufacturing of cement.

Powered by Capital Market - Live News

Bajaj Hindusthan Sugar gets revision in ratings for bank facilities
Nov 29,2016

Bajaj Hindusthan Sugar has received revision in credit ratings from Credit Analysis & Research for the Companys bank facilities -

Long term bank facilities (Rs 8780.58 crore) - CARE BB+ (Revised from CARE BB)

Short term bank facilities (Rs 329.04 crore) - CARE A4+ (Revised from CARE A4)

Powered by Capital Market - Live News

Cash Flow Recovery Concern for Corporates with Relatively Weak Asset Quality
Nov 29,2016

India Ratings and Research (Ind-Ra) says that 111 of the top 500 corporate borrowers, which held INR7.4trn of the overall debt of INR30.2trn at FYE16, are unlikely to generate higher return on capital employed (ROCE) than weighted average cost of capital (WACC), even in a high economic growth scenario. The agency attributed this to an incremental build-up of relatively high non-productive assets during FY11-FY16. Such corporates witnessed a decline in the proportion of their fixed assets to total assets to 52% in FY16 from 71% in FY11. As a result, the credit metrics of these corporates are likely to marginally improve in the near term.

85 Corporates with Relatively Weak Asset Quality Unlikely to ReviveInd-Ra analysed the balance sheets of borrowers for the period FY11-FY16. The agency observed that INR4trn of the INR12.4trn debt as at FYE16 of the 240 Vulnerable corporates was held by entities with a relatively high proportion of non-productive assets and weak cash flows. Debt servicing could remain a challenge for such corporates. Hence, these entities must engage in deep debt restructurings and reduce their debt significantly for long-term sustainability. Banks exposed to such entities may find it difficult to fit these corporates into the Scheme for Sustainable Structuring of Stressed Assets (S4A). Largely, corporates from infrastructure and construction, sugar, consumer durables, engineering and equipment, airlines and trading have a relatively high proportion of non-productive assets and a structural mismatch in cash flows.

155 Corporates with Relatively Better Asset Quality to Gain from Economic Recovery

Ind-Ra believes that corporates with a relatively high proportion of productive assets but with cash flow mismatches have a better chance of servicing their debts. Such corporates accounted for INR8.4trn debt of the overall Vulnerable debt. Ind-Ra believes such corporates could fall under the ambit of S4A scheme. Although haircuts may still be inevitable in many of them, quantum could be significantly lower. Such entities are likely to generate higher ROCE than WACC as the economy recovers. With an economic recovery, sectors such as oil and gas, metals and mining, power and textile are likely to rebound.

26 Corporates with Relatively Weak Asset Quality to Continue to Receive Lender Support

Ind-Ra expects lower shareholder returns to be generated by 26 Non-Vulnerable corporates with low volatility in cash flows but a relatively high proportion of non-productive assets. These entities accounted for INR3.4trn of the INR17.8trn debt held by Non-Vulnerable corporates. The debt servicing ability of these corporates would remain intact, as many of them benefit from strong parentage. Ind-Ra believes equity investment would be the most desirable option for these entities to deleverage and improve their capital structure. Sectors such as real estate and telecom have corporates with a relatively high proportion of non-productive assets and low, but, positive cash flow growth.

234 Corporates with Relatively Better Asset Quality to Drive Private Sector Capex

Corporates with strong profitability levels, healthy capital structures and a relatively higher productive asset base hold INR14.3trn debt of the overall Non-Vulnerable debt. These entities are likely to significantly benefit from an economic recovery. Ind-Ra believes these corporates would be the key driver of a revival in private sector investment. Corporates from sectors such as auto and automotive supplier, cement, chemical and pharmaceutical have low cash flow volatility and a high proportion of productive assets.

Powered by Capital Market - Live News

Outcome of board meeting of Gokul Refoils and Solvent
Nov 29,2016

Gokul Refoils and Solvent announced that at the meeting of Board of Directors held on 29 November 2016, the following matters have been approved:-

1. To evaluate the option of divestment of Haldia Undertaking of the Company and obtain prior approval of the members of the Company for said divestment pursuant to Section 180(1)(a) of the Companies Act, 2013.

2. Postal Ballot Notice and Postal Ballot Form

3. Calendar of Events for the Postal Ballot Process.

Powered by Capital Market - Live News

Exide Industries director resigns
Nov 29,2016

Exide Industries announced that Nadeem Kazim, Director - HR & Personnel of the Company has tendered his resignation with effect from the close of business hours on 28 November 2016 due to personal reasons.

Powered by Capital Market - Live News

Natco Pharma receives ANDA approval for Generic Armodafinil Tablets
Nov 29,2016

Natco Pharma has received final approval for Abbreviated New Drug Application (ANDA) containing a paragraph IV certification filed with the United Food and Drug Administration for generic version of Armodafinil Tablets, 50 mg, 150 mg and 250 mg. The Company and its marketing partner Breckenridge Pharmaceutical, Inc. plant to launch this product in USA market immediately.

Powered by Capital Market - Live News

Tara Jewels to announce September quarter and half year results
Nov 29,2016

Tara Jewels announced that a meeting of the Board of Directors of the Company is scheduled to be held on 09 December 2016, inter alia, to consider and approve the Un-audited Financial Results of the Company for the Quarter and half year ended 30 September 2016

Powered by Capital Market - Live News