My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

Powered by Capital Market - Live News

Faze Three to hold board meeting
Feb 21,2017

Faze Three will hold a meeting of the Board of Directors of the Company on 23 February 2017, to consider Fund raising/ Capital raising through various means including issue of convertible securities and/ or warrants/ debt instruments on Preferential basis to Promoter and/ or Promoter Group of the Company as well as Non-Promoter Group (Investors) as per the provisions of the Companies Act, 2013 and/ or SEBI Regulations wherever applicable.

Powered by Capital Market - Live News

Info Edge (India) to hold board meeting
Feb 21,2017

Info Edge (India) will hold a meeting of the Board of Directors of the Company on 25 February 2017, to consider and declare the 2nd Interim Dividend for the Financial Year 2016-17.

Powered by Capital Market - Live News

Quantum Digital Vision India to hold board meeting
Feb 21,2017

Quantum Digital Vision India will hold a meeting of the Board of Directors of the Company on 28 February 2017, to Change in place of Registered office from one State to another under section 12 of the Companies Act, 2013.

Powered by Capital Market - Live News

CMI to hold EGM
Feb 21,2017

CMI announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 March 2017.

Powered by Capital Market - Live News

IFGL Refractories to hold EGM
Feb 21,2017

IFGL Refractories announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 April 2017.

Powered by Capital Market - Live News

Subex partners with Swan Mobile, a.s.
Feb 21,2017

Subex announced that it has been selected to provide its ROC Fraud Management Solution by Swan Mobile, a.s. As part of the implementation, Subexs ROC Fraud Management will cover Voice, SMS and mobile data services for pre-paid and post paid subscribers of Swan Mobile, a.s.

Powered by Capital Market - Live News

Vice President Hamid Ansari launches India - Rwanda Innovation Growth Program during his visit to Africa
Feb 21,2017

Vice President of India, Shri Hamid Ansari, launched the India- Rwanda Innovation Growth Programme as one of the major Science and Technology initiatives between India and Rwanda. The Program was launched in presence of the Prime Minister of Rwanda, Anastase Murekezi and is a key announcement made during the high level visit of the Indian Vice President.

India-Rwanda Innovation Growth Program is a first of its kind initiative to be launched and piloted between India and Rwanda to strengthen the bilateral relationship purely based on Science, Technology and Innovation. The objective of the Program is to match the socio-economic needs of Rwanda by linking the Rwandan industry with leading edge Indian technologies and innovations. The Program will deploy 20 demonstrated and validated Indian technologies and innovations over a period of two years. The joint programs/ventures created with Rwandan partners will deliver at least 20 sustainable social enterprises that will stimulate economic impact development in Rwanda.

As a prelude to the Program, fifteen Indian techno-entrepreneurs also showcased their innovative solutions at the prestigious Kigali Convention Centre, Kigali. The Showcase and Business to Business interaction were inaugurated by the Vice President of India and the Prime Minister of Rwanda. More than 100 interested private and public sector attendees from Rwanda attended and interacted with Indian innovators and business delegates. The showcased Indian Innovations included CassavaTech, a patented technology that brings down capital cost of processing Cassava from USD 15,000 to USD 200 and reduces operating cost from USD 20 to USD 2 for 200 kg processing capacity. The technology further reduces drying time for Cassava from 10 days to 10 hours producing high quality Cassava flour. Another technology showcased was a ~100% compostable menstrual hygiene solution providing affordable pads to adolescent girls and women. This is done using a unique low cost, low electricity consuming machine that produces 1200-2400pads/8-10 hrs through community participation from 12-16 women (no specific skills required) as production workforce.

The India-Rwanda Innovation Growth Program is a joint initiative of the Department of Science and Technology and the Federation of Indian Chambers of Commerce and Industry supported by the Ministry of External Affairs, Government of India.

Shri Hamid Ansari, Vice President of India stated n++I am happy to learn of the initiative jointly taken by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Ministry of Science and Technology for organizing the India-Rwanda Innovation Growth Program and a Technology & Innovation Showcase at Kigali. Science and Technology are powerful drivers of growth and development all over the world. The solution of our myriad problems lies in a deeper understanding of science and more judicious use of technology. I am sure the joint programs/ventures foreseen with Rwandan partners will play an important role in fostering sustainable development and progress in both the countries.n++

Dr. Harsh Vardhan, Minister of Science and Technology stated n++Indio-Rwanda joint initiative in field of Science and Technology and its commercial exploration is indeed a welcome step and goes a long way in further cementing Indio-Africa relationship. Visit of Prime Minister Shri Narendra Modi to Africa and India hosting 40 head of states/government during indo-Africa Forum Summit III speaks of our mutual desire for engagement in diversified fields for benefit of people of two region. I wish this initiative will go a long way in establishing everlasting mutually beneficial partnership leading to inclusive growth of people of two region.n++

Prof. Ashutosh Sharma, Secretary, Department of Science & Technology shared n++We are proud to carry forward the vision and announcement of our Honble Prime Minister, Shri Narendra Modi, to share our validated technologies and innovations with Rwanda soon to start India - Rwanda Innovation Growth Program. This Program has been conceived to bridge Rwandas assessed needs for impact development by bringing together Rwandan entrepreneurs and public sector with Indian innovators. India is proud to partner with Rwanda in this first pilot to establish a technology transfer and enterprise creation which can then be replicated in East African nations and across the African continentn++.

On the launch of the program, Dr. A. Didar Singh, Secretary General, FICCI said n++India and Africa share a common historical background and have been long term partners in their journey of growth and development. FICCI has been working with the Department of Science and Technology over the last decade to identify, nurture and scale innovative solutions that address global development challenges. We now look forward to sharing and transferring such technological solutions to our friends in Africa and deeply engage with the entrepreneurial fraternity in Africa.n++

Powered by Capital Market - Live News

Indian Metals & Ferro Alloys provides operations update
Feb 21,2017

Indian Metals & Ferro Alloys announced that Turbine No.1 was synchronised with the grid on 20 February 2017 after damage to peripheral areas was repaired and other necessary maintenance carried out. The Turbine No.2 had already been revived shortly after the incident itself.

Powered by Capital Market - Live News

Murad Properties & Projects announces resignation of director
Feb 21,2017

Murad Properties & Projects announced that Mukund Mahendrakumar Shaha has been resigned from directorship of the Company w.e.f. 21 February 2017.

Powered by Capital Market - Live News

India Ratings Maintains Negative Outlook on Infrastructure Sector for FY18
Feb 21,2017

India Ratings and Research (Ind-Ra) has maintained a negative outlook on the infrastructure sector for FY18, albeit with revised outlooks for a couple of sub-sectors.

The increase in receivables position of wind power plants limited the headroom available to handle low wind patterns; hence, Ind-Ra has revised wind energys outlook to negative for FY18 from stable for FY17. With little improvements in the issues facing the toll roads sector (low inflation, slower ramp up, lower toll rate growth) and coal-based thermal power (demand-supply mismatch, increased thrust on renewables), Ind-Ra continues with its negative outlook on these two sectors. Favourable policy actions and strong passenger growth drive the outlook revision to positive for airports for FY18 from stable, while other subsectors (solar, ports, transmission) have been maintained on a stable outlook on the back of performances largely in line with Ind-Ras expectations.

Roads: Ind-Ra has maintained a negative outlook on toll roads for FY18, on the expectation of sluggish traffic growth compounded by a subdued Wholesale Price Index. Ind-Ras analysis reveals the vulnerability of projects, especially the ones with a short operational track record (less than three years), to a 200bp reduction in base case growth rates, which would lead to impairment in debt serviceability. Road developers have found a penchant for infrastructure Investment Trusts (InvITs) - 75% of the InvITs in the listing stage are from the highway sector. Though prima facie traction in InvITs seems positive, the actual trimming of debt to the desired levels would be clear by 1HFY18, and discord over valuation may be a major stumbling block for InvITs. The pace of financial closures under the hybrid annuity model is marred, due to low termination payments and less equity contributions; consequently, lenders exercise caution before lending.

Thermal Power: The negative outlook on thermal power is mainly due to suboptimal plant load factors, lack of interest for long-term power purchase agreements which has been compounded by low priority in power scheduling, and added uncertainty in awarding compensatory tariffs. Slow demand growth and abundant options for state distribution companies to tap into short-term market for meeting any temporary demand spikes have led to the lack of interest for long-term power purchase agreements. Although steps have been taken at the policy level by the introduction of measures such as Ujwal Discom Assurance Yojana, Ind-Ra believes that reliance on state distribution companies errant payment cycle places issuers at a disadvantage for tapping capital markets.

Solar Power: Ind-Ra maintains a stable outlook for the solar power sector on the back of a stable performance, predictable nature of cash flows based on long-term power purchase agreements, decreasing panel prices, favourable debtor days, albeit with a limited operational track record. Ind-Ra believes that a combination of evolving payment security mechanism (such as creation of a payment security fund and state government guarantee) and a fall in panel prices (November 2017 yoy about 28%) will not only reduce the funding costs but also drive low solar tariffs.

Availability-based Assets: Ind-Ra has maintained a stable outlook on availability-based assets, both annuity and transmission projects, primarily on the back of strong counterparty credit profiles and demonstrated records of timely receipts of availability payments. Most of the annuity-based road projects and transmission assets continue to demonstrated availability in line with empirical evidence, reiterating Ind-Ras expectation of above normative level availability in case of transmission assets.

Airports: Despite global macroeconomic headwinds, the airport sector recorded yet another year of a robust traffic throughput and was aided by government measures, resulting in the revision of the sectors outlook to positive for FY18. With better-than-expected improvement in throughput levels, the capex plans of couple of airports are likely to be advanced. Delay in real estate monetisation continues to be an overhang on the Mumbai and Delhi airports. However, strong growth in aero-related revenues has negated the possible impact on revenues. Airports are well poised to refinance their debt and the agency expects issuances with elongated tenors and bullet repayments.

Seaports: The outlook for seaports is maintained at stable for FY18, due to continued throughput volumes growth in line with overall economic growth. Most of the major ports recorded year-on-year growth in traffic and there were no surprises in the top commodities traded across ports compared to the previous year.

OUTLOOK SENSITIVITIES

A reduction in interest rates and the stability of the Indian rupee can help ease the overall pressure on projects cash flow while a pick-up in economic activity will have a salutary effect on traffic volumes and energy demand, leading to portfolio-wide increases in coverage metrics.

Powered by Capital Market - Live News

Bharti Infratel leads losers in BSEs A group
Feb 21,2017

Bharti Infratel slumped 3.81% at Rs 297 at 13:33 IST. The stock topped the losers in A group. On the BSE, 11.77 lakh shares were traded on the counter so far as against the average daily volumes of 1.99 lakh shares in the past two weeks.

Max Financial Services slipped 3.63% at Rs 571.75. The stock was the second biggest loser in A group. On the BSE, 11.91 lakh shares were traded on the counter so far as against the average daily volumes of 40,000 shares in the past two weeks.

Shree Renuka Sugars skid 2.75% at Rs 15.90. The stock was the third biggest loser in A group. On the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 11.53 lakh shares in the past two weeks.

Balrampur Chini Mills declined 2.7% at Rs 153.40. The stock was the fourth biggest loser in A group. On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 1.27 lakh shares in the past two weeks.

IL&FS Transportation Networks fell 2.62% at Rs 102.25. The stock was the fifth biggest loser in A group. On the BSE, 57,000 shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past two weeks.

Powered by Capital Market - Live News

Maruti Suzuki provides update on its CSR initiative
Feb 21,2017

Maruti Suzuki India inaugurated a water ATM in Bas Hariya village in Manesar. With this fourth community drinking water plant in Manesar, the Company will be generating and supplying a total of 96,000 liters of pure drinking water benefitting over 7000 households. Earlier, the Company has set up three water ATMs in Kasan, Dhana and Bas Khusla villages of Mensar.

Powered by Capital Market - Live News

Bajaj Electricals renews trademark licence agreement with Morphy Richards
Feb 21,2017

Bajaj Electricals has entered into a Trademark Licence Agreement with Morphy Richards of United Kingdom to renew the exclusive license for use of trademark Morphy Richards by the Company in relation to the products procured from the manufacturers and/or imported from any other country for marketing the same in India and other countries, for a further period of five (5) years from 25 April 2017, on payment of royalty.

The Company has been procuring the products from the manufacturers and/or importing from any other country for marketing the same in India under the License User Agreement since April 2002 and has established the brand well in the premium segment. With the renewal of license, the Company would be able to leverage its brand positioning in Indian markets as well as SAARC countries to further consolidate and gain a considerable market share.

Powered by Capital Market - Live News

REC jumps after signing MoU with JUSNL, JBVNL
Feb 21,2017

The announcement was made after market hours yesterday, 20 February 2017.

Meanwhile, the BSE Sensex was down 36.31 points, or 0.13%, to 28,625.27.

On the BSE, so far 6.91 lakh shares were traded in the counter, compared with average daily volumes of 5.03 lakh shares in the past one quarter. The stock hit a high of Rs 156.10 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 152 so far during the day. The stock hit a 52-week low of Rs 76.25 on 24 February 2016.

The large-cap company has equity capital of Rs 1974.92 crore. Face value per share is Rs 10.

Rural Electrification Corporation (REC) said it has entered into memorandums of understanding (MoUs) with Jharkhand Bijli Vitran Nigam (JBVNL) and Jharkhand Urja Sancharan Nigam (JUSNL) for extending financial assistance to the tune of Rs 15150 crore. REC will extend financial assistance upto Rs 8150 crore to JBVNL and upto Rs 7000 crore to JUSNL.

RECs net profit rose 28.1% to Rs 1754.40 crore on 2% decline in operating income to Rs 5884.24 crore in Q3 December 2016 over Q3 December 2015.

REC, a Navratna Central Public Sector Enterprise under Ministry of Power, provides financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects.

The Government of India holds 60.637% stake in the company, as per the shareholding pattern as at 31 December 2016.

Powered by Capital Market - Live News

Bajaj Electricals nudges higher after entering into trademark license pact with UK firm
Feb 21,2017

The announcement was made during market hours today, 21 February 2017.

Meanwhile, the S&P BSE Sensex was down 42.95 points or 0.15% at 28,618.63.

On the BSE, 33,000 shares were traded on the counter so far as against the average daily volumes of 35,071 shares in the past one quarter. The stock had hit a high of Rs 270 and a low of Rs 257 so far during the day.

The stock had hit a 52-week high of Rs 280 on 10 August 2016 and a 52-week low of Rs 155.35 on 29 February 2016. The stock had outperformed the market over the past one month till 20 February 2017, advancing 13.44% compared with the Sensexs 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 20.27% as against the Sensexs 9.6% rise.

The small-cap company has equity capital of Rs 20.24 crore. Face value per share is Rs 2.

Bajaj Electricals has entered into a trademark licence agreement with Morphy Richards of United Kingdom to renew the exclusive license for use of trademark Morphy Richards by the company in relation to the products procured from the manufacturers and imported from any other country for marketing the same in India and other countries, for a further period of five years from 25 April 2017, on payment of royalty.

Bajaj Electricals has been procuring the products from the manufacturers and importing from any other country for marketing the same in India under the License User Agreement since April 2002 and has established the brand well in the premium segment. With the renewal of license, the company would be able to leverage its brand positioning in Indian markets as well as SAARC countries to further consolidate and gain a considerable market share.

Bajaj Electricals net profit fell 17.5% to Rs 29.71 crore on 6.9% decline in net sales to Rs 1046.45 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Electricals has a diversified business viz - consumer products (appliances, fans, lighting), exports, luminaires and EPC (illumination, transmission towers and power distribution).

Powered by Capital Market - Live News