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

Sagar Soya Products to hold board meeting
Sep 15,2016

Sagar Soya Products will hold a meeting of the Board of Directors of the Company on 26 September 2016, to consider and approve the proposal of Reduction of Share Capital & Merger of Sagar Green Fields Private Limited with the Company,

Powered by Capital Market - Live News

Board of Supreme Infrastructure India approves issue of securities up to Rs 250 cr
Sep 15,2016

Supreme Infrastructure India announced that the Board of Directors of the Company at its meeting held on 14 September 2016 approved the issuance of securities not exceeding Rs 250 crore through a rights issue/ QIP/ preferential allotment / or any other mode subject to approval of members of the Company.

Powered by Capital Market - Live News

Mixed finish for US stocks
Sep 15,2016

The stock market ended the midweek affair on a mixed note on Wednesday, 14 September 2016, as investors favored a cautious approach ahead of a plethora of economic data and the latest policy statement from the Bank of England. The Dow industrial and the S&P 500 closed in negative territory Wednesday in the wake of slumping crude-oil prices, erasing earlier gains for the major benchmarks, while the tech-heavy Nasdaq bucked the losing trend.

The Dow Jones Industrial Average slid 31.98 points, or 0.2%, to close at 18,034.77. The S&P 500 index fell 1.25 points to end at 2,125.77, weighed by a 1.2% drop in the energy sector. The Nasdaq Composite Index advanced 18.52 points, or 0.4%, to close at 5,173.77.

In the tech sector, Apple climbed 3.6% as analysts outlined reasons the tech giant is still a buy. However, the tech giants gains were overshadowed by big declines in IBM and Boeing.

The economic calendar was relatively thin on Wednesday. Market reaction to the August import-price index was muted. Import prices slipped 0.2% due to lower oil, while export prices dropped 0.8%, driven by a fall in farm crop prices.

Shares of Monsanto rose 0.6% after Bayer raised its offer for the U.S. seeds major to $128 a share. Both companies announced Wednesday that they had approved the deal.

Ford Motor Co. fell 1.9% after the car maker outlined plans to deliver profitable growth for the next several years, including investing in electric and autonomous vehicles.

The benchmark 10-year Treasury slid 4.3 basis points to 1.691%.

But as crude oils decline accelerated, stocks failed to capitalize on their gains. A report on oil supplies published by the Energy Information Administration showed inventories declined by 600,000 barrels last week, much smaller than the 14.5 million barrel drop from the week before. Oil prices briefly spiked after the report, but have since turned lower as analysts concluded that the sector is still bogged down by excess inventory. West Texas Intermediate crude for October delivery settled at a two-week low.

Bullion prices ended higher at Comex. Gold futures settled higher on Wednesday, as support from a retreat in the U.S. dollar prompted prices to snap a five-day slide. But investors remained wary ahead of next weeks meetings for the U.S. Federal Reserve and Bank of Japan that may yield changes to monetary policy.

December gold rose $2.40, or 0.2%, to settle at $1,326.10 an ounce. December silver rose 9.1 cents, or 0.5%, to $19.066 an ounce.

Todays participation was above the recent average as more than 878 million shares changed hands on the NYSE floor.

Tomorrows economic data will include weekly initial claims, Retail Sales for August, PPI for August, the Philadelphia Fed Survey for September, the second quarter Current Account Balance and Empire Manufacturing for September each crossing the wires at 8:30 ET. Separately, Industrial Production and Capacity Utilization for August will be released at 9:15 ET while Business Inventories for July will cross the wires at 10:00 ET.

Powered by Capital Market - Live News

Essar Shipping to hold board meeting
Sep 15,2016

Essar Shipping will hold a meeting of the Board of Directors of the Company on 22 September 2016, to consider the appointment of CEO and Director(s) of the Company.

Powered by Capital Market - Live News

Artech Power Products to hold AGM
Sep 15,2016

Artech Power Products announced that the 27th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Mahindra CIE Automotive to hold EGM
Sep 15,2016

Mahindra CIE Automotive announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 October 2016 .

Powered by Capital Market - Live News

Transchem to hold AGM
Sep 15,2016

Transchem announced that the 39th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Empee Distilleries to hold board meeting
Sep 15,2016

Empee Distilleries will hold a meeting of the Board of Directors of the Company on 16 September 2016, to Consider and allot 100 nos of Rated, Secured, Listed, Redeemable Non-Convertible Debentures of Rs. 10,00,000 each aggregating Rs.10 crs on Private Placement basis under Section 42 of the Companies Act, 2013.

Powered by Capital Market - Live News

Hinduja Foundries slumps after board approves amalgamation with Ashok Leyland
Sep 15,2016

The separate announcements in this regard were made by Hinduja Foundries and Ashok Leyland after market hours yesterday, 14 September 2016. Shares of Ashok Leyland dropped 3.08% to Rs 81.95.

Meanwhile, the BSE Sensex was up 48.65 points, or 0.17%, to 28,420.88.

High volumes were witnessed on the counter of Hinduja Foundries. On BSE, so far 1.15 lakh shares were traded in the counter of Hinduja Foundries, compared with an average volume of 3,411 shares in the past one quarter. The stock was locked at a low of Rs 44 so far during the day. The stock hit high of Rs 50.15 so far during the day. The stock hit a 52-week high of Rs 65 on 7 July 2016. The stock hit a 52-week low of Rs 27.30 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, rising 2.9% compared with 0.78% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 0.83% as against Sensexs 7.49% gains.

The small-cap company has an equity capital of Rs 207.05 crore. Face value per share is Rs 10.

The transaction is subject to various regulatory approvals and approval of shareholders of both the companies. The board of directors also approved, subject to regulatory approvals the exchange ratio wherin shareholders holding 100 shares in Hinduja Foundries will get 40 shares of Ashok Leyland. One thousand 2008 series global depository receipts (GDRs) of Hinduja Foundries will get 133 shares of Ashok Leyland. One 2006 series GDRs of Hinduja Foundries will get 4,800 shares of Ashok Leyland. The appointed date for the proposed transaction is 1 October 2016.

Commenting on the transaction, Vinod Dasari, CEO and Managing Director of Ashok Leyland said that the amalgamation will result in operational efficiencies and help realize cost synergies.

Hinduja Foundries reported net loss of Rs 36.58 crore in Q1 June 2016 compared with net loss of Rs 98.52 crore in Q1 June 2015. Net sales rose 10.2% to Rs 166.24 crore in Q1 June 2016 over Q1 June 2015.

Hinduja Foundries is Indias largest foundry group with the capacity to produce cylinder block and head ranging from 25 kilograms (kgs) to 500 kgs. From castings for automobiles and tractors to industrial engines, construction equipment and power generation equipment, Hinduja Foundries meets the stringent requirement of diverse segments. It even caters to the exceptionally high standards of defence applications.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

Both, Ashok Leyland and Hinduja Foundries are a part of Hinduja Group.

Powered by Capital Market - Live News

FM launches the Web Responsive Pensioners Service portal to provide better services to the pensioners
Sep 15,2016

The Union Minister for Finance & Corporate Affairs Shri Arun Jaitley commended the new initiatives undertaken by the Office of the Controller General of Accounts (CGA) to serve the pensioners better through the newly launched Web Responsive Pensioners Service portal among others. The Finance Minister Shri Arun Jaitley was addressing the gathering after inaugurating the new office premises of the Office of the CGA in the national capital here today. The Finance Minister lauded the role of CGA in handling the growing volume of Government revenue and expenditure through IT initiatives like the PFMS (Public Financial management System) and NTRP (Non Tax Receipt Portal). He also highlighted the importance of data analytics in assessing the quality of Government expenditure and revenue. Further Shri Jaitley appreciated the role of PFMS in ensuring that the funds reach the intended beneficiaries and are essentially used for the purpose they were intended for. The function was co-presided by the Minister of State for Expenditure, Shri Arjun Ram Meghwal and was attended among others the by several Secretaries of different Ministries/Departments and other senior functionaries of the Government of India.

On the occasion, the Finance Minister Shri Arun Jaitley launched a new Digital India initiative taken up by the O/o the Controller General of Accounts, namely, a Web Responsive Pensioners Service. This portal developed by the Central Pension Accounting Office (CPAO) provides a one-stop solution for pensioners to access information relating to status of pension cases, and pension payments processed by Central Ministries/Departments and Banks. This service will also help in speedy redressal of pensioners grievances.

Later, a Memorandum of Understanding (MOU) was also signed between the O/o Controller General of Accounts (CGA) and the Institute of Internal Auditors (IIA), India aimed at strengthening the Internal Audit function in line Ministries and Departments of the Government of India.

The new building is designed and constructed by the Central Public Works Department (CPWD) and conforms to new norms of a Green building and for energy conservation. A grid integrated solar panel system is also planned to be installed for harnessing solar energy.

Powered by Capital Market - Live News

Precious metals end higher
Sep 15,2016

Bullion prices ended higher at Comex on Wednesday, 14 September 2016 at Comex. Gold futures settled higher on Wednesday, as support from a retreat in the U.S. dollar prompted prices to snap a five-day slide. But investors remained wary ahead of next weeks meetings for the U.S. Federal Reserve and Bank of Japan that may yield changes to monetary policy.

December gold rose $2.40, or 0.2%, to settle at $1,326.10 an ounce. December silver rose 9.1 cents, or 0.5%, to $19.066 an ounce.

Prices edged down on Tuesday to finish at their lowest level in nearly two weeks as a strengthening U.S. dollar pressured gold. But a broad index for the greenback on Wednesday traded lower as gold prices settled, with global markets readying for key interest-rate meetings slated for next week. The Feds policy announcement is due at the end of its two-day meeting next Wednesday and the BOJ meets during the same period.

Comments from Fed officials have also managed to rattle the gold market. Fed Gov. Lael Brainard on Monday struck a dovish monetary policy tone, saying the central bank needed to be prudent in considering future rate rises. Brainards comments were the last from a Fed official ahead of the U.S. central banks own policy meeting next week.

Powered by Capital Market - Live News

NBCC (India) moves higher after decent Q1 results
Sep 15,2016

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 7.94 points or 0.03% at 28,380.17.

On BSE, so far 1.10 lakh shares were traded in the counter as against average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 255.65 and a low of Rs 250.30 so far during the day. The stock had hit a 52-week high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 7.87% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 34.76% as against Sensexs 7.49% rise.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

Powered by Capital Market - Live News

Welspun Enterprises divests Welspun Renewables Energy
Sep 15,2016

Welspun Enterprises announced that Welspun Renewables Energy has been divested to Tata Power Renewable Energy, a 100% subsidiary of Tata Power Company. The enterprise value of the transaction excluding working capital and cash stands at Rs 9249 crore. Welspun Enterprises indirectly holds 13.66% equity stake in Welspun Renewables Energy.

Powered by Capital Market - Live News

DoNER released over Rs 100 cr for Manipur in about 5 months
Sep 15,2016

Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER) & MoS PMO, Dr Jitendra Singh has said that an amount of over Rs. 100 crore has been released by the DoNER Ministry in the first five months of the current financial year for various development projects in Manipur. He said that an amount of Rs.28.47 crore was released for different projects under NLCPR (Non Lapsable Central Pool of Resources) and approximately Rs. 75 crore was released for the NEC (North Eastern Council) projects. This is in addition to the various other fundings and budget releases coming to the State from other Ministries in the Government of India, he added.

Presiding over a meeting of the Ministry of DoNER here today, Dr Jitendra Singh said that among the North-Eastern States, Manipur is the major beneficiary of liberal funding and assistance from various Central Ministries. In this context, he also referred to the Jiribam-Silchar rail link and the broadgauge rail track project from Jiribam to Tupul.

Similarly, Dr Jitendra Singh said that four-laning of the road from Imphal to Moreh and Senapati to Imphal has also been undertaken. In the Power sector, he said, with the active support from the Ministry of DoNER, the State Government and other related agencies have succeeded in providing uninterrupted power supply in the capital city of Imphal. Elaborating on the other new innovative plans for various North Eastern States, Dr Jitendra Singh said, all the 103 district headquarters in the Northeast are planned to be connected to the nearest highway through a minimum two-lane road. At the same time, four-laning of several of the roads is in progress at a fast track, he added.

Dr Jitendra Singh said that considering the exclusive athletic talent among the youth of Northeast, a Sports University for Manipur has been announced by the Central Government, but because of certain issues related to land acquisition, the project has been delayed. The DoNER Ministry is, however, actively pursuing it with the State Government in Imphal, he said.

Powered by Capital Market - Live News

Board of Ashok Leyland approves scheme of amalgamation
Sep 15,2016

Ashok Leyland announced that the Board of Directors of the Company at their meeting held on 14 September 2016 approved the scheme of amalgamation of Hinduja Foundaries (Transferor Company) with Ashok Leyland (Tranferee Company) with the appointed dated of 01 October 2016. The scheme is subject to approval of shareholders, Honble High Court of Judicature at Madras and all other regulatory approvals.

The board also approved the exchange ratio -

- 100 equity shares of Rs 10 each of Hinduja Foundaries will get 40 equity shares of Re 1 each of Ashok Leyland.

- 1000 2008 series GDRs of Hinduja Foundaries will get 133 equity shares of Re 1 each of Ashok Leyland.

- 1 2016 series GDRs of Hinduja Foundaries will get 4,800 equity shares of Re 1 each of Ashok Leyland.

Powered by Capital Market - Live News