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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

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Record 444 LMT of paddy procured during ongoing Kharif Marketing Season: Shri Ram Vilas Paswan
Feb 21,2017

The Union Minister of Consumer Affairs, Food and Public Distribution expressed satisfaction over the production figures as per the 2nd advance estimates released by the Agriculture Ministry. The expected record output proves that the farmers are responding positively towards the measures taken by the Central Government. Shri Paswan congratulated the Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh on the record production of foodgrains which he shared with the media on 16th February, 2017. According to the 2nd advance production estimates, the production of major crops is expected to be 271.98 mMT.

Shri Paswan said that soon after the NDA Government took-over, the country faced drought like situation continuously for two years and this is for the first time that monsoon was good. Now farmers and consumers will reap the benefits of pro-farmer policies of the Union Government. The Minister said that sowing of wheat grew by 7%, while the increase in pulses was 11% and in oilseeds it was 6% as compared to last year. As a result, we are expecting 221.4 LMT record production in pulses. Similarly the wheat production is expected to be 965 LMT. Union Government has framed a policy to transfer the MSP directly to the accounts of farmers in a transparent manner. Government has increased the MSP of pulses and oilseeds considerably and there is steady increase in the MSP of paddy and wheat. Shri Paswan told that during the ongoing Kharif Marketing Season a record 444 LMT of paddy has been procured from the farmers. Shri Paswan said that farmers have produced record pulses, however, there were complaints that they were not getting even then MSP for Moong and Arhar. The Government immediately responded, first, by increasing the buffer stock of pulses from 1.5 MT to 20 LMT in order to protect farmers interests. Further the Government has engaged 3 central agencies viz. FCI, NAFED and SFAC to procure pulses directly from farmers which is still going on.

As per the data released by the Agriculture Ministry, wheat production will be around 965 LMT. Going by the sowing area and favourable weather conditions, the country will have good yield of wheat. The Food Department held a meeting with wheat producing States on 15th February, 2017 and has set the procurement target at 330 LMT for the ensuing Rabi Marketing Season 2017-18. Extensive preparations have been made for procurement operations and Government will make necessary arrangements for payment of MSP to farmers. Special attention has been given to the farmers of Eastern States. Government has recently removed import duty on wheat to increase its availability in domestic market. In a span of around 2 months, 40 LMT Wheat has been imported and this year more than 55 LMT wheat imports have happened in total. Fresh wheat crop is expected to come by mid-March. It has been experienced when there is price-rise the benefit is taken by the traders and consumers are exploited. However, when fresh crop hits the market prices fall and the farmers have to take the loss. Shri Paswan assured that the Government will take all necessary steps to ensure payment of MSP to farmers and may review the import duty on wheat if required.

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Baid Leasing & Finance Co gets ratings assigned for LT bank facilities
Feb 21,2017

Baid Leasing & Finance Co announced that CARE has assigned rating of CARE BBB-; Stable for long term bank facilities (Rs 45 crore).

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ITD Cementation India consolidated net profit declines 56.72% in the December 2016 quarter
Feb 21,2017

Net profit of ITD Cementation India declined 56.72% to Rs 13.01 crore in the quarter ended December 2016 as against Rs 30.06 crore during the previous quarter ended December 2015. Sales declined 31.33% to Rs 729.75 crore in the quarter ended December 2016 as against Rs 1062.68 crore during the previous quarter ended December 2015.

For the full year,net profit reported to Rs 48.11 crore in the year ended December 2016 as against net loss of Rs 59.31 crore during the previous year ended December 2015. Sales rose 0.65% to Rs 3088.56 crore in the year ended December 2016 as against Rs 3068.70 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales729.751062.68 -31 3088.563068.70 1 OPM %7.616.18 -6.796.24 - PBDT37.5440.66 -8 118.5576.03 56 PBT25.6633.25 -23 73.6139.38 87 NP13.0130.06 -57 48.11-59.31 LP

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Ayoki Merchantile reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 21,2017

Net loss of Ayoki Merchantile reported to Rs 0.01 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Naisargik Agritech (India) standalone net profit rises 100.00% in the December 2016 quarter
Feb 21,2017

Net profit of Naisargik Agritech (India) rose 100.00% to Rs 0.02 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015. Sales rose 120.00% to Rs 0.22 crore in the quarter ended December 2016 as against Rs 0.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.220.10 120 OPM %9.0910.00 - PBDT0.020.01 100 PBT0.020.01 100 NP0.020.01 100

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Board of ITD Cementation India recommends final dividend
Feb 21,2017

ITD Cementation India announced that the Board of Directors of the Company at its meeting held on 21 February 2017, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Quasar India to hold board meeting
Feb 21,2017

Quasar India will hold a meeting of the Board of Directors of the Company on 1 March 2017, to appoint Mr. Dinesh Kumar Maurya as a Company Secretary (KMP) and Compliance Officer of the Company & To appoint Mr. Avinash Sharma and Mr. Hitesh Rai Makhija as Additional (Independent) Directors of the Company

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Seasons Furnishings announces change in registered office
Feb 21,2017

Seasons Furnishings announced that the Registered Office of the Company has been shifted from D-29 (Ground Floor), Defence Colony, New Delhi - 110024 to D-5, Defence Colony, New Delhi: 110 024.

Further the Company has informed that, thereafter Email ID and contact information will be as follows:

Email: cs@seasonsfurnishings.com
Tel : 011-41582040, 0120-4898000

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Seasons Textiles announces change in registered office
Feb 21,2017

Seasons Textiles announced that the Registered Office of the Company has been shifted from D-29 (Ground Floor), Defence Colony, New Delhi - 110024 to 26, Feroze Gandhi Road, (Lower Ground Floor), Lajpat Nagar - III, New Delhi - 110024.

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Maestros Electronics & Telecommunications Systems direct resigns
Feb 21,2017

Maestros Electronics & Telecommunications Systems announced that the Company has received a letter from Muralidharan Karathedathuraman Nair, Independent Director of the Company stating that due to his pre-occupation, he resigns from the Directorship of the Company. He ceased to be the Director of the Company w.e.f. 21 February 2017.

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Maestros Electronics & Telecommunications Systems director resigns
Feb 21,2017

Maestros Electronics & Telecommunications Systems announced that the Company has received a letter from Muralidharan Karathedathuraman Nair, Independent Director of the Company stating that due to his pre-occupation, he resigns from the Directorship of the Company. He ceased to be the Director of the Company w.e.f. 21 February 2017.

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Future of real estate sector is in affordable housing, says Shri M.Venkaiah Naidu
Feb 21,2017

Minister of Housing & Urban Poverty Alleviation Shri M. Venkaiah Naidu urged real estate developers to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector. Elaborating on his statement, the Minister said that n++ The Governments focus on ensuring Housing for All including the Middle Income Groups offered immense opportunities both at the bottom and the middle of the pyramid which needs to be seized by the developers who have seen ups and downs in recent yearn++. He spoke at a Conference on n++Real Estate Sector-Post Remonetisation and RERAn++ organized by PHD Chambers.

Shri Venkaiah Naidu further said that the Government has paid more attention to the real sector than any other sector by announcing more than 20 supporting measures to revive real estate sector over the last two years including announcing the long awaited infrastructure status for affordable housing besides several tax concessions and exemptions. He further said that under Prime Ministers Awas Yojana (Urban), people belonging to Economically Weaker Sections, Low Income Groups and Middle Income Groups with incomes up to Rs.18 lakh per year have been made eligible for central assistance up to Rs.2.35 lakh per each beneficiary. n++Low cost long term financing under infrastructure status, tax concessions and central assistance under PMAY and the scale of housing needs of these sections make affordable housing the best investment opportunity and developers are left with no further excuses for not seizing this opportunityn++ Shri Naidu stressed.

Shri Naidu said that various initiatives of the Government including the Real Estate (Regulation and Development) Act, 2016, the Benami Properties Act and note withdrawal have enabled a new real estate eco-system based on 4 Cs viz., Character, Credibility, Confidence and Cash that would help revive the sector. He said that while the Real Estate Act removes the taint restoring the character of the sector leading to credibility and enhanced confidence of buyers, central assistance, reduced interest rates and tax concessions keep more cash in the hands of buyers.

Stating that the Ministry of HUPA has so far approved construction of over 16 lakh affordable houses for urban poor with an investment of about Rs.90,000 cr and central assistance of about Rs.25,000 cr, Shri Naidu expressed concern over private developers not taking up any projects so far. He urged them to change their mindsets and outlook and take up affordable housing projects given the business logic that goes with it in the changing context.

Shri Naidu said that his Ministry would soon convene a Round Table with real estate bodies and representatives of banks and Housing Financing Companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met.

On the effects of note withdrawal, the Minister noted that it was only a temporary interlude and the process of remonetisation is almost completed. Shri Naidu noted that n++For various reasons, real estate sector over the years has come to be seen as the villain in the theatre of corruption and note withdrawal was expected to address flow of unaccounted for money in to the sector by about 20% to 30% which in turn would bring down prices substantiallyn++.

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Info Edge (India) allots 1 lakh equity shares
Feb 21,2017

Info Edge (India) announced that pursuant to the authorization given by the Board, the Committee of Executive Directors at its meeting held on 21 February 2017 has approved the allotment of 1,00,000 equity shares of face value of Rs.10/- each to the Info Edge Employee Stock Option Plan Trust at Rs. 100/-per share which includes Rs. 90/- per share as premium. These shares shall rank pari passu with the existing equity shares of the Company, in all respects.

With this allotment, the paid up capital of the Company will accordingly increase from Rs. 1,211,161,590 (121,116,159 equity shares of Rs. 10/- each) to Rs. 1,212,161,590 (121,216,159 equity shares of Rs. 10/- each).

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Coromandel International allots 28000 equity shares
Feb 21,2017

Coromandel International announced that on 21 February 2017, the Stakeholders Relationship Committee of the Company has allotted 28,000 Equity Shares of Re. 1/- each fully paid up to the option grantees under the Employee Stock Option Scheme 2007.

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Coal India to hold board meeting
Feb 21,2017

Coal India will hold a meeting of the Board of Directors of the Company on 6 March 2017, to consider payment of Interim Dividend, if any, for the year 2016-17.

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