My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

Powered by Capital Market - Live News

China Stocks up solid economic data
Mar 14,2017

Headline equities of the Mainland China market ended mostly higher on Tuesday, 14 March 2017, as January to February economic data painted a rosier picture of the worlds second largest economy. But gains were capped amid caution ahead of a series of global risk events later this week. The Shanghai Composite Index closed the day up 0.76% at 3,237.02, while the CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - was up 0.88% at 3,458.10. The Shenzhen Composite Index dropped 0.14% to 2,027.11. The tech-heavy ChiNext declined 0.65% to 1,958.02.

Powered by Capital Market - Live News

Hong Kong Stocks mixed before key policy meetings
Mar 14,2017

The Hong Kong stock market closed mixed on Tuesday, 14 March 2017, as many investors stayed on the sidelines ahead of the Federal Reserves two-day monetary policy meeting and as European political uncertainty weighs on sentiment. Investors were awaiting the outcome of the Federal Reserves rate-setting meeting on March 14-15, policy decisions by the Bank of England and Bank of Japan, and also keeping an eye on the Dutch general election and shaky oil prices. The Hang Seng Index closed down 0.01%, or 1.72 points, to 23,827.95, while the Hang Seng China Enterprises index gained 0.55%, or 56.52 points, to 10,315.23. Turnover decreased sharply to HK$72 billion from HK$86.5 billion on Monday.

Powered by Capital Market - Live News

CPI inflation rises to 3.7% in February 2017
Mar 14,2017

The all-India general CPI inflation increased to 3.65% in February 2017 (new base 2012=100), compared with 3.17% in January 2017. The corresponding provisional inflation rate for rural area was 3.67% and urban area 3.55% in February 2017 as against 3.36% and 2.90% in January 2017. The core CPI inflation rose to 5.00% in January 2017 from 4.83% in December 2016.

Among the CPI components, inflation of food and beverages increased to 2.46% in February 2017 from 1.37% in January 2017 contributing to the rise in CPI inflation. Within the food items, the inflation increased meat and fish 3.50%, vegetables (-) 8.29%, fruits 8.33%, oil and fats 3.83% and sugar and confectionery 18.83%. On the other hand, inflation moved down for pulses and products to (-) 9.02%, spices 3.82%. The inflation also eased for egg 0.54%, milk and products to 4.22% and non-alcoholic beverages 3.17% in February 2017.

The inflation for housing eased at 4.90%, and that for miscellaneous items also eased to 4.79% in February 2017. Within the miscellaneous items, the inflation for Transport and communication jumped to 5.39%, and Education eased 5.37%, and inflation declined for personal care and effects to 5.15%, household goods and services 4.09% and health 4% in February 2017. The inflation for clothing and footwear eased to 4.38% in February 2017, while the CPI inflation of fuel and light increased to 3.90% in February 2017.

Powered by Capital Market - Live News

CPI Inflation rises to 3.65% in February 2017
Mar 14,2017

The all-India general CPI inflation rebounded to 3.65% in February 2017 (new base 2012=100), compared with 25-months low of 3.17% in January 2017. The corresponding provisional inflation rate for rural area was 3.67% and urban area 3.55% in February 2017 as against 3.36% and 2.90% in January 2017. The core CPI inflation eased to 4.75% in February 2017 from 4.95% in January 2017. The cumulative CPI inflation was lower at 4.58% in April-February FY2017 compared with 4.92% in April-February FY2016.

Among the CPI components, inflation of food and beverages increased to 2.46% in February 2017 from 1.37% in January 2017 mainly contributing to the rise in CPI inflation. Within the food items, the inflation increased for Vegetables to -8.29%, Fruits 8.33%, Oils and fats 3.83%, Meat and fish 3.50% and Sugar and Confectionery 18.83%. The inflation was flat for Cereals and products at 5.30%, Milk and products 4.22% and Non-alcoholic beverages 3.17% On the other hand, inflation declined for Pulses and products to -9.02% Spices 3.82% and Egg 0.54% in February 2017.

The inflation for housing eased to 4.90%, while that for miscellaneous items also fell to 4.79% in February 2017. Within the miscellaneous items, the inflation for Personal care and effects dipped to 5.15%, Health 4.00%, Education to 5.37%, and Household goods and services 4.09%, while inflation rose for Transport and communication to 5.39% in February 2017.

The inflation for clothing and footwear eased to 4.38% in February 2017, while the CPI inflation of fuel and light increased 3.90% in February 2017.

Powered by Capital Market - Live News

Wipro bags 12 year contract from NHS Scotland
Mar 14,2017

Wipro announced that it has won a 12 year contract from NHS Scotland to build a next generation Enterprise Master Patient Index (eMPI) solution. This solution, which will be hosted in Scotland, will help NHS Scotland transition from its current legacy Community Health Index System to offer cost effective, efficient, paperless and patient friendly healthcare services in Scotland.

Wipro has partnered with NextGate for this project. Wipro will leverage NextGates award wining MatchMetrix platform so as to enable the eMPI solution to link and manage data from patients, partner institutions and third party organisations.

Powered by Capital Market - Live News

Wipro launches Wipro HOLMESn++ Cloud BOT
Mar 14,2017

Wipro announced the launch of Wipro HOLMESn++ Cloud BOT - a continuously learning digital consultant, that leverages Wipros BoundaryLess Data Centre Solution.

Powered by Capital Market - Live News

Godrej Consumer Products hikes stake in Weave Senegal
Mar 14,2017

Godrej Consumer Products through its subsidiary, has increased its stake from 51% to 100% in Weave Senegal. The Company, through its subsidiary, has also reduced one layer of non-operational investment holding company in Mauritius, DGH Angola.

Powered by Capital Market - Live News

Zensar Technologies announces demise of director
Mar 14,2017

Zensar Technologies announced the sad demise of Pradipta Kumar Mohapatra, Independent Director on 13 March 2017.

Powered by Capital Market - Live News

Denis Chem Lab allots 13,50,000 Equity Shares
Mar 14,2017

Denis Chem Lab announced that Charandeep Singh has been allotted 13,50,000 Equity Shares of Rs.10/- each on 14 March 2017 upon exercise of right of conversion of 13,50,000 Equity Warrants of Rs.10/- each into Equity Shares on Preferential Basis

Powered by Capital Market - Live News

Edelweiss Financial Services allots 3,56,075 equity shares
Mar 14,2017

Edelweiss Financial Services has allotted 3,56,075 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

Powered by Capital Market - Live News

Rupa & Companys subsidiary enters into license agreement with Fruit of the Loom Inc.
Mar 14,2017

Oban Fashions, a Wholly-Owned Subsidiary of Rupa & Company, has, on 09 March 2017, entered into a License Agreement with Fruit of the Loom, INC., a New York Corporation, a Wholly-Owned Subsidiary of Berkshire Hathaway Company, whereby the said Wholly-Owned Subsidiary of Rupa & Company has acquired the exclusive license from the said Fruit of the Loom, INC., to manufacture, distribute, advertise and sell innerwear and outerwear products for men, boys, women, girls and toddler in India, under their brand names and marks.

Powered by Capital Market - Live News

Monarch Networth Capital incorporates new subsidiary - Monarch Networth Capital IFSC
Mar 14,2017

Monarch Networth Capital has incorporated a new subsidiary company with the name: Monarch Networth Capital IFSC through the certificate of incorporation received from the Registrar of Companies dated 14 March 2017.

Powered by Capital Market - Live News

Pennar Engineered Building Systems to hold board meeting
Mar 14,2017

Pennar Engineered Building Systems will hold a meeting of the Board of Directors of the Company on 20 March 2017.

Powered by Capital Market - Live News

Pennar Industries to hold board meeting
Mar 14,2017

Pennar Industries will hold a meeting of the Board of Directors of the Company on 20 March 2017.

Powered by Capital Market - Live News

FCS Software Solutions to hold board meeting
Mar 14,2017

FCS Software Solutions will hold a meeting of the Board of Directors of the Company on 16 March 2017, to consider and approve the performance evaluation policy of the company.

Powered by Capital Market - Live News