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

Adequate availability of cotton is ensured through domestic production
Jul 21,2017

Government reviews the cotton availability position from time to time. Adequate availability of cotton is ensured through domestic production and textile mills are able to source their requirement of cotton from the domestic market. In this regard, Government of India had directed Cotton Corporation of India Ltd. to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to Spinning Mills in the Micro Small Medium Enterprise (MSME) category to contain fluctuation in cotton prices.

There is no shortage of cotton/yarn in the country.

The details of policy initiatives/schemes/incentives/subsidies/working capital/interest subvention that are being provided to the domestic manufacturers/exporters are as under:

i) The Government has been implementing various policy initiatives and schemes like Technology Upgradation Fund Scheme (TUFS), Schemes for the development of the Power-loom Sector, Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP) and Scheme for Integrated Textile Processing Development (IPDS) to enable the textile industry, including the small industries, to upgrade and make them competitive.

ii) The Government has also launched a Rs. 6000 crore Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) under ATUFS to incentivize production and employment generation in the garmenting Sector. These initiatives and schemes will help in the development of the downstream value added segments which in turn will create increased demand for yarn and thereby lead to increased production of yarn.

iii) Government has introduced special packages for apparel and made-ups sector in June, 2016 and December, 2016 respectively which include schemes like Amended Technology Upgradation Fund Scheme (ATUFS), Pradhan Mantri Paridhan Rojgar Protsahan Yojna (PMPRPY) and Scheme of Rebate of State Levies (RoSL) on export of garments. Besides, with a view to modernize textile industry, increase production and global competitiveness schemes such as Schemes for Technical textiles, Scheme for Integrated Textile Parks (SITP) and Integrated Skill Development Scheme are also being run by the Government.

iv) MEIS Scheme under new Foreign Trade Policy 2015-20

v) Restoring Interest rate subvention for pre and post shipment credit for the textile sector

vi) Expanding the scope of Merchandise Export from India Scheme (MEIS) since 29.10.2015 to 110 new tariff lines and increasing rates or country coverage or both for 2,228 existing tariff lines.

vii) Increased Duty Drawback rates for some textile articles

viii) Market Access Initiative (MAI) and Market Development Assistance (MDA) Scheme

ix) Duty Free import of trimmings, embellishments and other specified items under Export Performance Certificate Entitlement Scheme

Powered by Capital Market - Live News

Outcome of board meeting of Asya Infosoft
Jul 21,2017

The Board of Directors of Asya Infosoft at its meeting held on 20 July 2017 has transacted the following -

Appointed Nixon Patel as an Additional Director under category of Executive Director with immediate effect.

The Company is under negotiation to acquire 100% stake in Knowledge Hut Solutions. In this regard, the Board noted that the Due Diligence work is under progress.

Powered by Capital Market - Live News

Board of Rallis India approves divestment of stake in Advinus
Jul 21,2017

The Board of Directors of Rallis India at its meeting held on 20 July 2017 has approved the divestment of its shares in Advinus to Eurofins Pharma Services Lux Holdings SARL.

Powered by Capital Market - Live News

Strong Q1 result boosts RIL counter
Jul 21,2017

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

Meanwhile, the S&P BSE Sensex was up 41.59 points or 0.13% at 31,945.99.

On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 3.94 lakh shares in the past one quarter. The stock had hit a high of Rs 1,564 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,544.40 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.

Reliance Industries (RIL) increase in revenue is primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from exploration and production (E&P) business. Revenue was also boosted by robust growth in retail business which recorded a 73.6% increase in revenue to Rs 11571 crore. Reliance Retail witnessed growth across all consumption baskets during the quarter.

Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter. Gross refining margins recorded nine-year-high of $ 11.9 per bbl whereas petrochemicals EBIT (earnings before interest and depreciation) margin were at all-time high of 15.8%. Gross refining margin rose to $11.9 per barrel in Q1 June 2017 from $11.5 per barrel in Q1 June 2016.

Meanwhile, the board of directors of RIL considered and approved an investment in Balaji Telefilms (BTL), to acquire 2.52 crore equity shares constituting 24.92% of BTLs equity, through subscription to preferential issue of shares by BTL to RIL for cash consideration of Rs 164 per equity share amounting to an investment of Rs 413.28 crore. This investment in content production (including digital content) is in line with RILs commitment to invest and grow in telecom digital and media businesses.

BTL has launched a new digital platform, ALTBalaji (ALT), in April 2017, which has garnered over 3 million downloads and subscribers from over 75 countries since its launch. The transaction is subject to BTLs shareholder approval and regulatory compliances and other conditions precedent and is expected to be completed in 45 to 60 days.

The board has also approved to set up and invest in a technology incubator by the name Jerusalem Innovation Incubator (JII), licensed by Israel Innovation Authority (IIA), Ministry of Economy, Israel, under competitive bidding process.

The investment in JII shall be done in partnership with OurCrowd, Motorola Solutions and Yissum. JII will be in the form of limited liability partnership with RIL holding 20% interest. OurCrowd will hold 60%, Motorola 20% and Yissum.

RIL proposes to invest upto $25 million in JII and in frontier technology start-ups in tranches, over a period of about 8 years.

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

Powered by Capital Market - Live News

Board of Rallis India approves scheme of amalgamation
Jul 21,2017

The Board of Directors of Rallis India has approved the Scheme of Amalgamation (Scheme) under Sections 230 to 232 of the Companies Act, 2013 for the merger of Zero Waste Agro-Organics, wholly owned subsidiary of the Company, with the Company, subject to such approvals as may be required.

Powered by Capital Market - Live News

Government of India (GoI), Ministry of Civil Aviation (MoCA) has granted in principle approval for setting up of 18 Greenfield Airports
Jul 21,2017

Government of India (GoI), Ministry of Civil Aviation (MoCA) has granted in principle approval for setting up of 18 Greenfield Airports in the country. The list of these airport along with the estimated cost is as under: Mopa in Goa (approx. Rs. 3100 cr), Navi Mumbai (approx. Rs. 16704 cr), Shirdi (approx. Rs. 320.54 cr) and Sindhudurg (approx. Rs. 520 cr) in Maharashtra, Bijapur (approx. Rs. 150 cr), Gulbarga (approx. Rs. 13.78 cr in initial phase), Hasan (approx. Rs. 592 cr) and Shimoga (approx. Rs. 38.91 cr) in Karnataka, Kannur in Kerala (approx. Rs. 1892 cr), Durgapur in West Bengal (approx. Rs. 670 cr), Dabra in Madhya Pradesh (approx. Rs. 200 cr), Pakyong in Sikkim (approx. Rs. 553.53 cr), Karaikal in Puducherry (approx. Rs.170 cr), Kushinagar in Uttar Pradesh (approx. Rs. 448 cr), Dholera in Gujarat (approx. Rs. 1712 cr) and Dagadarthi Mendal, Nellore Dist. (approx. Rs. 293 cr), Bhogapuram in Vizianagaram District near Visakhapatnam (approx. Rs. 2260 cr) and Oravakallu in Kurnool District (approx. Rs. 200 cr), Andhra Pradesh. The timeline for construction of airport projects depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator.

The construction of airport project depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator. The State Government of Maharashtra has completed the tendering process and M/s. MIAL is the highest bidder.

During the last three years and the current year, MoCA, GoI has received the following proposals for setting up of Greenfield Airports: Ankleshwar in Gujarat, Bhiwadi (district Alwar) in Rajasthan, Dagadarthi (Nellore), Bhogapuram (Vizianagaram), Tadepalligudem (West Godavari), Oravakallu (Kurnool) and Kuppam (Chittor) in Andhra Pradesh, Chingleput near Chennai, Gwalior and Singrauli in Madhya Pradesh, Hisar in Haryana, Kothagudem (Khammam) in Telangana, Noida International Airport near Jewar, Saifai (Etawah) in Uttar Pradesh, Shivdaspur in Jaipur, Karwar and Chickmagaluru in Karnataka and Rajkot in Gujarat. GoI has granted site clearance approval for setting up of Greenfield Airport at Bhiwadi (district Alwar) in Rajasthan, Kothagudem (Khammam) in Telangana, Rajkot in Gujarat and Noida International Airport near Jewar in Uttar Pradesh and in principle approval for setting up of Dagadarthi (Nellore), Bhogapuram (Vizianagaram) and Oravakallu (Kurnool) in Andhra Pradesh.

Powered by Capital Market - Live News

Zensar Technologies allots 11,332 equity shares
Jul 21,2017

Zensar Technologies has allotted 11,332 fully paid equity shares of Rs. 10/- each to the employees of the Company who have exercised the stock options granted to them.

Powered by Capital Market - Live News

RIL may gain on strong Q1 results
Jul 21,2017

Reliance Industries (RIL) consolidated net profit rose 28% to Rs 9108 crore on 26.7% rise in revenue to Rs 90537 crore in Q1 June 2017 over Q1 June 2016. The announcement was made after market hours yesterday, 20 July 2017.

Increase in revenue is primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business. Revenue was also boosted by robust growth in retail business which recorded a 73.6% increase in revenue to Rs 11571 crore. Reliance Retail witnessed growth across all consumption baskets during the quarter.

Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter. Gross refining margins recorded nine-year-high of $ 11.9 per bbl whereas petrochemicals EBIT (earnings before interest and depreciation) margin were at all-time high of 15.8%. Gross refining margin rose to $11.9 per barrel in Q1 June 2017 from $11.5 per barrel in Q1 June 2016.

The board of directors of RIL considered and approved an investment in Balaji Telefilms (BTL), to acquire 2.52 crore equity shares constituting 24.92% of BTLs equity, through subscription to preferential issue of shares by BTL to RIL for cash consideration of Rs 164 per equity share amounting to an investment of Rs 413.28 crore. This investment in content production (including digital content) is in line with RILs commitment to invest and grow in telecom digital and media businesses.

BTL has launched a new digital platform, ALTBalaji (ALT), in April 2017, which has garnered over 3 million downloads and subscribers from over 75 countries since its launch. The transaction is subject to BTLs shareholder approval and regulatory compliances and other conditions precedent and is expected to be completed in 45 to 60 days.

Wipros consolidated net profit rose 1.57% to Rs 2019.10 crore on 5% fall in total income to Rs 14281.40 crore in Q1 June 2017 over Q1 March 2017. The announcement was made after market hours yesterday, 20 July 2017.

Wipros board of directors approved a buyback proposal of up to 34.37 crore shares (representing 7.06% of total paid-up equity capital) from the shareholders of the company on a proportionate basis by way of a tender offer at Rs 320 per equity share for an aggregate amount not exceeding Rs 11000 crore.

Ashok Leyland will announce April-June 2017 results today, 21 July 17.

South India Paper Mills said that a long term settlement has been reached between the management and the workers union including wage settlement. The workers union have agreed to call off the strike at the companys paper mill at Chikkayanachatra, Nanjangud, before the Labour Commissioner, Govt of Karnataka, Bangalore. The announcement was made after market hours yesterday, 20 July 2017.

The board of directors of Talwalkars Better Value Fitness decided to issue 13 lakh equity shares on preferential basis to promoter group. The announcement was made after market hours yesterday, 20 July 2017.

Zensar Technologies consolidated net profit surged 348.08% to Rs 48.08 crore on 5.05% rise in total revenue to Rs 756.91 crore in Q1 June 2017 over Q4 March 2017. The announcement was made after market hours yesterday, 20 July 2017.

Rallis Indias consolidated net profit fell 74.02% to Rs 45.25 crore on 0.43% decline in total income to Rs 467.56 crore in Q1 June 2017 over Q1 June 2016. The announcement was made after market hours yesterday, 20 July 2017.

The board approved the divestment of its shares in Advinus to Eurofins Pharma Services Lux Holdings SARL.

The board also approved the scheme of amalgamation for the merger of Zero Waste Agro-Organics Limited, wholly owned subsidiary of the company, with the company, subject to such approvals as may be required.

Cupids net profit rose 12.86% to Rs 4.32 crore on 21.22% rise in total operating income to Rs 19.69 crore in Q1 June 2017 over Q1 June 2016. The announcement was made after market hours yesterday, 20 July 2017.

Powered by Capital Market - Live News

KKRRAFTON Developers director resigns
Jul 20,2017

KKRRAFTON Developers announced the resignation of Harshit Mehta from the post of Independent Director with effect from 20 July 2017.

Powered by Capital Market - Live News

D B Corp allots 6670 equity shares
Jul 20,2017

D B Corp has allotted 6,670 shares of Rs. 10/- each under ESOS. Post the allotment, the Issued and Paid-up Capital (Equity Shares of Rs. 10/- each) is 18,39,34,832

Powered by Capital Market - Live News

Board of Reliance Industries approves acquisition of 2.52 crore share in Balaji Telefilms
Jul 20,2017

Reliance Industries announced that the Board of Directors of the Company at its meeting held on 20 July 2017 approved investment in the equity shares of Balaji Telefilms (BLT) for acquiring 2.52 crore equity shares in BTL, constituting 24.92 percent of BLTs equity through subscription to preferential issue of shares by BLT.

Powered by Capital Market - Live News

Board of Reliance Industries approves acquisition of 2.52 crore shares in Balaji Telefilms
Jul 20,2017

Reliance Industries announced that the Board of Directors of the Company at its meeting held on 20 July 2017 approved investment in the equity shares of Balaji Telefilms (BLT) for acquiring 2.52 crore equity shares in BTL, constituting 24.92 percent of BLTs equity through subscription to preferential issue of shares by BLT.

Powered by Capital Market - Live News

Outcome of board meeting of Talwalkars Better Value Fitness
Jul 20,2017

Talwalkars Better Value Fitness announced that the Board of Directors in its meeting held on 20 July 2017 has discussed and decided on the following:

Issuance of 13,00,000 Equity Shares on preferential basis to promoter group at a price not less than the price determined in accordance with the Regulation 76(1) of SEBI (ICDR) Regulations as on the Relevant Date, subject to approval of members by way of postal ballot;

To increase the borrowing limit of the Company upto Rs. 675 crore and to approve creation of charge on the assets of the Company in respect of the borrowings;

To approve the offer or invitation to subscribe to Non-Convertible Debentures on private placement basis upto Rs. 500 crore. The issuance of these NCDs will be within the overall borrowing limits of the Company as mentioned in point 2 above;

Powered by Capital Market - Live News

Bajaj Holdings & Investment consolidated net profit rises 12.36% in the June 2017 quarter
Jul 20,2017

Net profit of Bajaj Holdings & Investment rose 12.36% to Rs 635.76 crore in the quarter ended June 2017 as against Rs 565.84 crore during the previous quarter ended June 2016. Sales rose 30.30% to Rs 153.85 crore in the quarter ended June 2017 as against Rs 118.07 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales153.85118.07 30 OPM %90.0091.92 - PBDT139.51110.38 26 PBT138.17109.03 27 NP635.76565.84 12

Powered by Capital Market - Live News

Force Motors standalone net profit declines 41.79% in the June 2017 quarter
Jul 20,2017

Net profit of Force Motors declined 41.79% to Rs 29.96 crore in the quarter ended June 2017 as against Rs 51.47 crore during the previous quarter ended June 2016. Sales declined 1.16% to Rs 744.45 crore in the quarter ended June 2017 as against Rs 753.16 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales744.45753.16 -1 OPM %5.019.54 - PBDT62.0188.78 -30 PBT31.2363.47 -51 NP29.9651.47 -42

Powered by Capital Market - Live News