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

Cabinet approves agreement between India and Cyprus on Merchant Shipping
Jun 07,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the Agreement between India and Cyprus on Merchant Shipping, which was signed in April 2017.

The Agreement in Merchant Shipping will pave the way for cooperation in eliminating any hindrances which may hamper the development of sea trade between the two nations. The MoU will encourage participation in the transport of goods between the countries, and also from third countries. The MoU further seeks to enhance cooperation for employment, improvement of conditions of work and for the welfare of seafarers employed on each others vessels.

Powered by Capital Market - Live News

Cabinet approves MoU between India and Korea for export credit of USD 9 billion
Jun 07,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.

The MoU is proposed to be signed between the two banks during the forthcoming visit of the Finance Minister Shri Arun Jaitley, to Seoul, Korea during 14-15 June 2017 for the Annual Financial Bilateral Dialogue. The decision is expected to promote the countrys international exports, and deepen political and financial ties between India and Korea. The export credit will be utilized through lending by EXIM Bank for promoting projects for priority sectors, including smart cities, railways, power generation and transmission etc., in India and for the supply of goods and services from India and Korea as part of projects in third countries.

Implementation Strategy

Under the implementation strategy, the parties to the MoU will hold mutual consultations to structure the financial assistance, review the existing arrangements and related procedures. EXIM Bank will identify viable projects in India. For projects in third countries, both parties will jointly identify viable projects. It is understood from EXIM Bank that the USD 9 billion would be extended by KEXIM by way of Investment Credit (typically export credit facility to finance projects with a certain level of Korean import content and interest rates as per OECD export credit guidelines). This amount may also be utilized by KEXIM as the financier without the participation of EXIM Bank subject to satisfaction of the purpose.

The supply of goods and services from India and Korea as part of projects in third countries will be an additional avenue which this MoU will enable. It will help in exchanging mutual experience, sharing information on financing export and import operations, project assessment and knowledge generated in respective fields of activities.

Background

The Joint Statement issued in 2015 during the visit of the Prime Minister to the Republic of Korea stated that Korea intends to offer USD 10 billion of infrastructural development in India. The package was subsequently prepared to comprise of USD 1 billion from the South Korean Economic Development Cooperation Fund (EDCF) as government to government funding and USD 9 billion as export credit from KEXIM. The credit of USD 9 billion from KEDIM is to be through a formal MoU to be signed between KEXIM and EXIM Bank.

Powered by Capital Market - Live News

TCS wins Pega 2017 Partner Excellence Award
Jun 07,2017

Tata Consultancy Services has been awarded the Pega 2017 Partner Excellence in Driving Customer Success: Advanced Practice Development Award.

Powered by Capital Market - Live News

Mega Corporation shifts registered office
Jun 07,2017

Mega Corporation has shifted its registered office from 261, Ground Floor, Okhla Industrial Estate, Phase-III, New Delhi- 110020 to 108, 1st Floor, Taimoor Nagar, Opp. New Friends Colony, New Delhi-110025 with effect from 01 June 2017

Powered by Capital Market - Live News

Mahindra & Mahindra provides update on step down subsidiary
Jun 07,2017

Mahindra & Mahindra announced that Mahindra Vehicle Sales and Service Inc. has become a subsidiary of Mahindra Automotive North America Inc. with effect from 6 June 2017. Mahindra Automotive North America Inc. is a step down subsidiary of the Company.

Powered by Capital Market - Live News

Khoday India appoints CFO
Jun 07,2017

Khoday India has appointed R.Venkat subramanyan, Company Secretary as CFO of the Company with effect from 07 June 2017 at board meeting held on 07 June 2017.

Powered by Capital Market - Live News

Venkys (India) announces resignation of director
Jun 07,2017

Venkys (India) announced that C. Jagapati Rao, Independent Director of the Company, has tendered his resignation from the post of Director due to his advancing age and the Board has accepted the same at its meeting held on 7 June 2017.

Powered by Capital Market - Live News

Shilpi Cable Technologies announces resignation of director
Jun 07,2017

Shilpi Cable Technologies announced the resignation of Ghanshyam Pandey as Whole Time Director with effect from 06 June 2017.

Powered by Capital Market - Live News

Thacker & Company fixes record date for bonus issue
Jun 07,2017

Thacker & Company has fixed 19 June 2017 as record date for bonus issue.

Powered by Capital Market - Live News

Board of Kalyani Forge recommends final dividend
Jun 07,2017

Kalyani Forge announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Dr Agarwals Eye Hospital recommends final dividend
Jun 07,2017

Dr Agarwals Eye Hospital announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Narmada Gelatines recommends final dividend
Jun 07,2017

Narmada Gelatines announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Eastern Silk Industries reports standalone net profit of Rs 56.72 crore in the March 2017 quarter
Jun 07,2017

Net profit of Eastern Silk Industries reported to Rs 56.72 crore in the quarter ended March 2017 as against net loss of Rs 4.21 crore during the previous quarter ended March 2016. Sales rose 11.09% to Rs 19.23 crore in the quarter ended March 2017 as against Rs 17.31 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 45.06 crore in the year ended March 2017 as against net loss of Rs 21.83 crore during the previous year ended March 2016. Sales declined 5.30% to Rs 62.38 crore in the year ended March 2017 as against Rs 65.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales19.2317.31 11 62.3865.87 -5 OPM %-94.38-375.97 --103.41-111.92 - PBDT-18.10-58.86 69 -64.17-66.29 3 PBT-20.52-62.46 67 -74.83-80.08 7 NP56.72-4.21 LP 45.06-21.83 LP

Powered by Capital Market - Live News

DQ Entertainment International reports consolidated net loss of Rs 283.70 crore in the March 2017 quarter
Jun 07,2017

Net loss of DQ Entertainment International reported to Rs 283.70 crore in the quarter ended March 2017 as against net profit of Rs 26.03 crore during the previous quarter ended March 2016. Sales reported to Rs -1.52 crore in the quarter ended March 2017 as against Rs 76.21 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 350.48 crore in the year ended March 2017 as against net profit of Rs 29.94 crore during the previous year ended March 2016. Sales declined 55.34% to Rs 93.96 crore in the year ended March 2017 as against Rs 210.40 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales-1.5276.21 PL 93.96210.40 -55 OPM %1217.7676.93 -15.2060.09 - PBDT-29.1564.59 PL -40.7489.50 PL PBT-85.2043.49 PL -122.9144.26 PL NP-283.7026.03 PL -350.4829.94 PL

Powered by Capital Market - Live News

Dollar Industries standalone net profit rises 161.17% in the March 2017 quarter
Jun 07,2017

Net profit of Dollar Industries rose 161.17% to Rs 18.36 crore in the quarter ended March 2017 as against Rs 7.03 crore during the previous quarter ended March 2016. Sales rose 23.54% to Rs 277.45 crore in the quarter ended March 2017 as against Rs 224.58 crore during the previous quarter ended March 2016.

For the full year,net profit rose 64.97% to Rs 43.47 crore in the year ended March 2017 as against Rs 26.35 crore during the previous year ended March 2016. Sales rose 9.20% to Rs 897.30 crore in the year ended March 2017 as against Rs 821.67 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales277.45224.58 24 897.30821.67 9 OPM %13.519.33 -10.328.00 - PBDT36.1418.32 97 81.5254.63 49 PBT30.8814.58 112 66.7440.90 63 NP18.367.03 161 43.4726.35 65

Powered by Capital Market - Live News