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

Lakshmi Vilas Bank allots equity shares
Jan 03,2017

Lakshmi Vilas Bank announced that the Committee of Directors for Capital Raising of the Bank (the Committee) at its meeting held on 03 January 2017, approved the issue and allotment of 1,19,85,138 Equity Shares of face value Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs. 140.00 per Equity Share, aggregating to Rs. 167.79 crore.

Powered by Capital Market - Live News

Hong Kong Stocks start 2017 on a high
Jan 03,2017

The Hong Kong stock market closed up on the first trading day of 2017, Tuesday, 03 January 2017, with data showing a further expansion in Chinese manufacturing aiding sentiment. But gains in the city were capped by concern over a rising U.S. currency, which makes emerging markets less attractive. Most sectors rose, with property stocks leading the gains. Hong Kongs benchmark Hang Seng Index closed 149.84 points, or 0.68%, higher at 22,150.40. The Hang Seng China Enterprises Index, known as the H-shares index, added 64.68 points, 0.69%, to 9,459.55. Turnover decreased to HK$49.3 billion from HK$53.8 billion on Friday. The local market closed on Monday for New Year holiday.

Powered by Capital Market - Live News

Japan Market shut for an extended New Year holiday
Jan 03,2017

Japan share market closed on Tuesday, 03 January 2017 for an extended New Year holiday.

Powered by Capital Market - Live News

Australia Market ends highest in 19 months
Jan 03,2017

Australian share market ended at a 19-month high on the first trading day of the year, Tuesday, 03 January 2017, boosted by strong Chinese manufacturing data that indicated the economic rebound in Australias main trading partner remains intact. All ASX sectors inclined, exception being bullion counter, with financials and miners being major gainers. At the closing bell, the benchmark S&P/ASX 200 index inclined 67.40 points, or 1.19%, to 5733.20, while the broader All Ordinaries index added 65.50 points, or 1.15%, to close at 5784.60. The index climbed 7% in 2016, its best yearly performance since 2013, as gains in most commodity prices powered a bull run among miners.

Powered by Capital Market - Live News

Sugar production touch 80.9 lakh tonnes in Oct-Sept SS2017
Jan 03,2017

The sugar production for 462 sugar mills in the country has touched 80.90 lakh tonnes of sugar, which is 0.4% higher as compared to last seasons production for the corresponding period. In 2015-16 SS, there were 481 sugar mills in operation on 31 December 2015 and they had produced 80.56 lakh tonnes of sugar till that date.

In Maharashtra, 147 sugar mills commenced crushing operations. As was generally expected, 25 of the mills have stopped crushing. These mills are mostly in the drought affected areas of Marathwada, Sholapur and Ahmednagar. As on 31 December 2016, 25.25 lakh tonnes of sugar have been produced in the State as against 33.70 lakh tonnes produced during the corresponding period last season when 169 mills were running. It is important to note that the mills in Kolhapur, Sangli, Satara and Pune, which were not as adversely impacted by drought, are crushing at almost similar levels like last year. The mills in these four regions generally contribute for almost 55-60% of Maharashtras production.

Barring some sugar mills in Marathwada and Solapur region where sugar recovery during the current season was low as compared to last season, sugar recovery % till 31 December 2016 was 10.52% as against 10.43% as on same date last year.

In Uttar Pradesh, 116 sugar mills are in operation and they have crushed 278 lakh tonnes of sugarcane and produced 27.40 lakh tonnes as on 31 December 2016, with an average recovery of 9.86%. Last year i.e. in 2015-16 SS, 113 sugar mills were in operation on 31 December 2015 and they crushed around 178 lakh tonnes of cane to produce 17.97 lakh tonnes of sugar at an average recovery of 10%. Sugar production this year in UP is higher by 52% as compared to last year same time.

56 sugar mills in Karnataka are in operation on 31 December 2016, who have produced 15.60 lakh tonnes of sugar, as compared to 15.94 lakh tonnes produced by 63 sugar mills in 2015-16 SS on 31 December 2015. As was expected, 5 mills have shut down operations in Karnataka on 31 December 2016. As compared to 40.5 lakh tonnes produced by Karnataka in last season, ISMA expects 31 lakh tonnes of sugar to be produced in the State this year.

In Gujarat, 20 sugar mills are operating during 2016-17 SS and they have produced 3.50 lakh tonnes of sugar till 31 December 2016. In 2015-16 SS, 19 sugar mills were in operation on 31 December 2015, who had produced 4.61 lakh tonnes of sugar till that date.

In Tamil Nadu, 25 sugar mills are in operation as on 31 December 2016 which has produced 1.25 lakh tonnes as compared to 1.01 lakh tonnes of sugar production by 25 mills as on 31 December 2015.

In Andhra Pradesh and Telangana, 24 sugar mills have produced 1.80 lakh tonnes of sugar till 31 December 2016 and this is 0.18 lakh tonnes less than the sugar produced by 25 mills in 2015-16 SS till 31 December 2015.

11 mills in Bihar have produced 1.50 lakh tonnes of sugar till 31 December 2016 as against 1.37 lakh tonnes produced by 11 mills in 2015-16 season as on 31 December 2015. Similarly, 14 mills in Haryana, 16 in Punjab, 17 mills in Madhya Pradesh & Chhattisgarh and 8 mills in Uttarakhand have together produced 4.45 lakh tonnes, as compared to 3.85 lakh tonnes produced on the corresponding date last year.

As per information gathered from the main sugar belt of Maharashtra viz. Kolhapur, Sangli and Satara, most of the sugar mills in these regions will continue their operations till end of March 2017, whereas mills in Pune and Ahmednagar are likely to operate till later part of February 2017. Average sugar recovery achieved by the mills of Maharashtra so far is more or less same as that of last year till December 2016. Early closures are mainly because of lower sugarcane production in some parts of Maharashtra, which have been accounted for while estimating sugar production from the State in the current year.

Ex-mill sugar prices which dropped by Rs. 2 to 3 per kilo since second week of November, 2016 have started improving and are now at the levels seen a couple of months back. These prices are just enough to cover the costs of production.

With lower offtake and sugar consumption in 2016-17, the sugar stocks at the end of the current season may be more, than being estimated earlier, by 5-10 lakh tonnes. However, one needs to do more analysis to arrive at the figure of estimated consumption.

ISMA will carry out its second advance estimate for sugar production in 2016-17, in later part of January, 2017, which will be based on satellite images. Trend of yields and recoveries up to January, 2017 would be considered. ISMA will review the same in its Committee Meeting on 25 January, 2017, and release its second advance estimate for 2016-17 sugar production on that date.

With higher cane price announced by State Governments like Uttar Pradesh, Punjab and Haryana, low sugar recovery being achieved in the States like Tamil Nadu, Andhra Pradesh etc. and lower capacity utilization in the drought affected States like Maharashtra, Karnataka, Telangana etc. the all India average cost of production of sugar during the current 2016-17 SS, will roughly be higher at around Rs. 35 to 36 per kilo (Rs. 2 per kilo higher than the previous years cost of production).

Sugar mills should be allowed to recover at least their costs during the current season, otherwise, they would not be in a position to make payments to farmers on time and would also not be in a position to repay the loans taken from Government of India including under SEFASU and soft loans, which are due to be repaid this year.

The first 3 months of the current season i.e. October-December 2016, has seen a big fall in sugar offtake. With weddings and family celebrations being at low key, and consumption of sugar sweetened products like biscuits, chocolates, beverages, ice creams etc. being lower due to lower availability of currency, there has been a demand destruction of almost 5 lakh tonnes of sugar. The offtake in October-December 2017 has therefore been significantly lower than last year.

Therefore, the sugar consumption in 2016-17 SS, earlier estimated to grow at 2% over last year, to 255 lakh tonnes, will be much lower. The offtake may thus be lower to even last years consumption of 248 lakh tonnes.

Powered by Capital Market - Live News

RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs
Jan 03,2017

The Reserve Bank of India has introduced a facility of exchange of specified bank notes (SBNs) to give an opportunity to Indian citizens and non resident Indian (NRI) citizens who were abroad during November 9, 2016 to December 30, 2016.

Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017 and Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017.

While there is no monetary limit for exchange for the eligible Resident Indians, the limit for NRIs will be as per the relevant FEMA Regulations. They can avail this facility in their individual capacity once during the period on submission of ID documents, such as, Aadhaar number, Permanent Account Number (PAN) etc, and on submission of documentary evidence showing they were abroad during the period and, that they have not availed the exchange facility earlier, Customs certificate about import of SBNs by NRIs etc. No third party tender will be accepted under the facility.

On fulfilment of the terms and conditions and the genuineness of the notes tendered, admissible amount will be credited to the tenderers KYC compliant bank account.

The facility will remain open for residents from January 2, 2017 to March 31, 2017 and for NRIs from January 2, 2017 to June 30, 2017.

This facility will be available through Reserve Bank offices at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur.

Indian citizens resident in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility.

Any person, aggrieved by the decision of the Reserve Bank may prefer an appeal to the Central Board of the Reserve Bank within fourteen days of the communication of such refusal to him.

The facility has been introduced in terms of Section 4 (1) of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 of the Government of India dated December 30, 2016 read with Notification S.O. 4251(E) dated December 30, 2016.

Powered by Capital Market - Live News

CSL Finance gets ratings assigned for bank facilities
Jan 03,2017

CSL Finance has received the rating of CARE BBB for Long Term bank facilities (Rs 10 crore) from CARE Ratings.

Powered by Capital Market - Live News

Outcome of board meeting of Arnav Corporation
Jan 03,2017

Arnav Corporation announced that the Board of Directors of the Company at its meeting held on 03 January 2017 has transacted the following -

Appointment of following directors -
Ashish Patel as Joint Managing Director - Additional Executive Director
Ratish Tagdeas as Additional Executive Director
Leena Divianathan as Additional Non-Executive Director

Approved shifting of registered office to 802, Crystal Plaza, AG Link Road, Chakala, Andheri East, Mumbai 400 099.

The Board also decided to launch a basket of General Entertainment (GEC) 5 TV Channels including Hindi Movie Channel, Retro Songs Channel, Human Resources Channel, Wedding & Jewellery and Travel & Tours Channel.

Powered by Capital Market - Live News

Dhanuka Agritech fixes record date for buyback of shares
Jan 03,2017

Dhanuka Agritech has fixed 13 January 2017 as the Record Date for the purpose of Buyback of Equity Shares.

Powered by Capital Market - Live News

IL&FS Investment Managers completes acquisition of 86.61% of IL&FS Infra Asset Management
Jan 03,2017

IL&FS Investment Managers announced that subsequent to Securities and Exchange Board of India approval, the Company has acquired 86.61% stake of IL&FS Infra Asset Management and 100% stake of IL&FS AMC Trustee, in order to acquire the Infrastructure Debt Fund (IDF) business from IL&FS Financial Services.

Powered by Capital Market - Live News

Board of JSW Holdings to consider Q3 results
Jan 03,2017

JSW Holdings announced that a meeting of the Board of Directors of the Company will be held on 23 January2017, inter alia, to consider, approve and take on record the Unaudited Financial Results (Provisional) of the Company for the Quarter and nine months ended on 31 December 2016 (Q3).

Powered by Capital Market - Live News

NMDC fixed prices of Iron Ore
Jan 03,2017

NMDC has fixed the prices of Iron Ore with effect from 03 January 2017 as follows -

Lump Ore @ Rs 2225/- WMT
Fines @ Rs 1985/- WMT

Note - The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee etc.

Powered by Capital Market - Live News

Board of TVS Electronics to approve December quarter results
Jan 03,2017

TVS Electronics announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 February 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Indag Rubber to consider Q3 and 9M results
Jan 03,2017

Indag Rubber announced that the meeting of the Board of Directors is scheduled to be held on 12 January 2017, to consider the financial results for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Agenda of board meeting of Rachana Capital & Securities
Jan 03,2017

Rachana Capital & Securities announced the Board Meeting of the Company will be held on 10 January 2017, to consider the following:

1. New Name and Article of Association of the Company as per Companies Act, 2013.

2. Change of Main Object Clause of the Company to consider new business activities.

3. Appointment of New Company Secretary and Compliance Officer of the Company.

Powered by Capital Market - Live News