My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Maan Aluminium fixes record date for interim dividend
Nov 07,2016

Maan Aluminium has fixed 22 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Atlas Jewellery India director resigns
Nov 07,2016

Atlas Jewellery India announced that Sunil Pant, Non-Executive Independent Director has tendered his resignation vide his e-mail dated 26 October 2016 effective from 07 November 2016.

Powered by Capital Market - Live News

Atlas Cycles (Haryana) schedules board meeting to consider Quarterly results
Nov 07,2016

Atlas Cycles (Haryana) announced that a meeting of the Board of Directors of the Company has been scheduled to be held on 14 November 2016, inter alia, to discuss and approve the un-audited Financial Results (estimated) of the Company for the Quarter ended on 30 September 2016.

Powered by Capital Market - Live News

Board of E.com Infotech (India) to consider financial results
Nov 07,2016

E.com Infotech (India) announced that a meeting of the Board of Directors will be held on 14 November 2016, inter alia to take on record the Un-Audited financial results for the period ended 30 September 2016 among other matters in the agenda.

Powered by Capital Market - Live News

Shares of PNB Housing Finance get listed
Nov 07,2016

The equity shares of PNB Housing Finance (Scrip Code: 540173) are listed effective 07 November 2016 and admitted to dealings on the Exchange in the list of B Group Securities.

Powered by Capital Market - Live News

Nearly 50% jump in demand for air purifiers in Delhi-NCR: Survey
Nov 07,2016

Air purifier market in India has seen a spike of about 50 per cent in its demand in wake of poor air quality in Delhi-NCR post-Diwali, noted a quick ASSOCHAM survey.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) conducted a survey to gauge the hike in demand for air purifying kits across 200 electronic and general stores in Delhi-NCR in past four days.

n++There has been an explosion in demand for air purifiers which has jumped nearly 50 per cent as air quality in and around Delhi has become hazardous post-Diwali festival,n++ said majority of electronic and general stores representatives selling such items.

n++The demand for air purifier in India has been growing rapidly across metros in India but as the smog problem became severe in Delhi after Diwali the demand for such kits has become really huge and is likely to grow steadily,n++ said many of the store managers.

However, many of these said that people looking to install air purifiers in their homes get disappointed owing to high costs and term it more of a luxury product. As such most of such customers are only enquiring and their number is growing by the day.

The demand is more from offices, industrial and commercial establishments, said many of these.

As per market experts, the air purifier market in India is still in nascent stage and is estimated at about Rs 250 crore but has been growing by leaps and bounds since past one year owing to rising awareness about impact of air pollution.

n++The national capital has been facing problem of haze for quite some time, pollution, allergens and firecrackers together have further caused significant deterioration in Delhis air quality,n++ said Mr D.S. Rawat, secretary general of ASSOCHAM while releasing the findings of the chambers survey.

n++All these factors together with growth in infrastructure development activities, growing sales of automobiles, urabnisation and industrialisation provide a lucrative market for air purifiers to enhance overall quality of air in commercial, industrial as well as residential settings across the region,n++ said Mr Rawat.

n++Demand for air purifier installations is likely to grow exponentially as they become popular and would be installed in shopping complexes, malls, offices and homes and almost everywhere, more so as health problems like asthma and other lung related diseases are also growing rapidly,n++ he added.

n++Significant rise in per capita disposable income of consumers is also likely to drive air purifier sales,n++ further said Mr Rawat.

Powered by Capital Market - Live News

PSU OMCs, auto stocks in focus after hike in fuel prices
Nov 07,2016

PSU OMCs and auto stocks will be in focus as petrol price was raised by 89 paise a litre, the sixth increase in rates since September, and diesel by 86 paise a litre, the third increase in a month with effect from 6 November 2016. The price hike announced by PSU OMCs is excluding local sales tax. After including VAT, petrol in Delhi costs Rs. 67.62 a litre up Rs. 1.17 from Rs 66.45 a litre. Similarly, diesel costs Rs 56.41 a litre after including VAT in Delhi, up Rs 1.03 as compared to Rs 55.38.

Reliance Industries (RIL) announced on Saturday, 5 November 2016 that earlier that day, constituents of the contractor (RIL, BP and Niko) for block KG-DWN-98/3 (KG D6) received a communication from the Ministry of Petroleum & Natural Gas. Based on the recommendations of the Shah Committee, the Government has made a claim of about $1.55 billion against the contractor parties in respect of gas said to have migrated from neighbouring blocks. In carrying out petroleum operations, the contractor has worked within the boundaries of the block awarded to it and has complied with all applicable regulations and provisions of the Production Sharing Contract (PSC).

The claim of the Government is based on misreading and misinterpretation of key elements of the PSC and is without precedent in the oil & gas industry, anywhere in the world, company said. According to the Government the contractor is restricted to producing only that quantity of hydrocarbon as they existed at the point in time when the PSC was signed. This approach overlooks the fundamental fact that at that stage the work of exploration of the block has not even commenced and a complete lack of data makes it impossible to estimate the quantity of hydrocarbons available in the block. The liability of the Contractor has not been established by any process known to law and the quantification of the purported claim is without any basis and arbitrary.

RIL proposes to invoke the dispute resolution mechanism in the PSC and issue a Notice of Arbitration to the Government. RIL remains convinced of being able to fully justify and vindicate its position that the Governments claim is not sustainable.

Lupin announced on Saturday, 5 November 2016 that it has received notification that the inspection carried out by the USFDA in March 2016 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR). This closes all outstanding US FDA inspections at Lupins Goa facility.

Commenting on the receipt of the EIR, Vinita Gupta, Chief Executive Officer and Nilesh Gupta, Managing Director, Lupin said the company is committed to ensuring that all systems and processes followed by Lupin are compliant with cGMP and are committed to bringing quality products to market. We are grateful for the US FDAs confidence in our corrective action plan and in our team. It is our goal to remain well ahead on the compliance curve.

UCO Bank announced after market hours on Friday, 4 November 2016, that the bank has raised non-convertible, unsecured subordinated fully paid-up Basel III compliant perpetual debt instruments eligible for inclusion in additional tier I capital of Rs 750 crore through private placement.

Pfizers net profit rose 52.49% to Rs 126.33 crore on 6.35% rise in total income to Rs 581.96 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

Union Bank of Indias net profit dropped 73.15% to Rs 176.67 crore on 2.71% rise in total income to Rs 9347.58 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

Union Bank of India announced that the bank has on 4 November 2016 issued 10,000 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments eligible for inclusion in additional tier 1 capital. The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 1000 crore on private placement basis bearing 9% per annum coupon payable annually.

Central Bank of India reported net loss of Rs 641.82 crore in Q2 September 2016 compared with net profit of Rs 112.87 crore in Q2 September 2015. Total income decreased 1.95% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

KPIT Technologies announced on Sunday, 6 November 2016 that it has completed agreement with ANSYS, to sell its Berlin-based subsidiary, KPIT medini Technologies AG, which has been focusing on functional safety products (Product brand known as Medini). Medini is a functional safety product which has applications beyond KPITs focused industries and as a software product, needs a wider and different distribution network to reach out to other industries beyond KPITs focused areas.

KPIT is expanding its portfolio as a provider of services and platforms to automotive industry for product engineering areas such as Powertrain, AUTOSAR, Diagnostics, Infotainment, etc. While KPIT will continue to provide services around the Medini tools, it would like to deepen its domain expertise by continuing to make further strategic investments in its focus areas for which the proceeds from this sale will be used.

Powered by Capital Market - Live News

PNB Housing Finance in focus on debut
Nov 07,2016

Shares of PNB Housing Finance will debut on the bourses today, 7 November 2016. The initial public offer (IPO) of PNB Housing Finance saw strong response from investors. The issue received bids for 82.96 crore shares compared with 2.80 crore shares on offer. The IPO was subscribed 29.55 times. The bidding for the IPO remained open between 25 October 2016 to 27 October 2016. The issue price was fixed at top end of the price band of Rs 750 to Rs 775 per share. PNB Housing Finance is the fifth largest housing finance company (HFC) in India by the size of loan portfolio.

ICICI Bank announces Q2 results today, 7 November 2016.

Lupin announced that it has received notification that the inspection carried out by the USFDA in March 2016 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR). This closes all outstanding US FDA inspections at Lupins Goa facility, the company said. Commenting on the receipt of the EIR, Vinita Gupta, Chief Executive Officer and Nilesh Gupta, Managing Director, Lupin said that the company is committed to ensuring that all systems and processes followed by it are compliant with cGMP and are committed to bringing quality products to market. The announcement was made on Saturday, 5 November 2016.

Shares of Grasim Industries will be in focus. The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from up to 30% of the paid up capital of Grasim Industries under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that Grasim Industries has passed resolutions at its board of directors level and a special resolution by the shareholders, agreeing for enhancing the limit from default 24% to 30% for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges. The announcement was made after market hours on Friday, 4 November 2016.

PSU OMCs and auto stocks will be in focus after Indian Oil Corporation (IOCL) announced increase in selling price of petrol by Rs 0.89/litre (excluding State levies) and increase in selling price of diesel by Rs 0.86/litre (excluding State levies) with effect from midnight of 5 November 2016 / 6 November 2016. After including VAT, petrol in Delhi costs Rs. 67.62 a litre up Rs. 1.17 from Rs 66.45 a litre. Similarly, diesel costs Rs 56.41 a litre after including VAT in Delhi, up Rs 1.03 as compared to Rs 55.38.The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in price of petrol and increase in price of diesel, the impact of which is being passed on to the consumers with this price revision, IOCL said. The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, the company said.

Reliance Industries (RIL) announced on Saturday, 5 November 2016 that earlier that day, constituents of the contractor (RIL, BP and Niko) for block KG-DWN-98/3 (KG D6) received a communication from the Ministry of Petroleum & Natural Gas. Based on the recommendations of the Shah Committee, the Government has made a claim of about $1.55 billion against the contractor parties in respect of gas said to have migrated from neighbouring blocks. In carrying out petroleum operations, the contractor has worked within the boundaries of the block awarded to it and has complied with all applicable regulations and provisions of the Production Sharing Contract (PSC).

The claim of the Government is based on misreading and misinterpretation of key elements of the PSC and is without precedent in the oil & gas industry, anywhere in the world, company said. According to the Government the contractor is restricted to producing only that quantity of hydrocarbon as they existed at the point in time when the PSC was signed. This approach overlooks the fundamental fact that at that stage the work of exploration of the block has not even commenced and a complete lack of data makes it impossible to estimate the quantity of hydrocarbons available in the block. The liability of the Contractor has not been established by any process known to law and the quantification of the purported claim is without any basis and arbitrary.

RIL proposes to invoke the dispute resolution mechanism in the PSC and issue a Notice of Arbitration to the Government. RIL remains convinced of being able to fully justify and vindicate its position that the Governments claim is not sustainable.

Pfizers net profit rose 52.49% to Rs 126.33 crore on 6.35% rise in total income to Rs 581.96 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

Punjab National Banks net profit fell 11.54% to Rs 549.36 crore on 3.77% rise in total income to Rs 14,218.27 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

Union Bank of Indias net profit dropped 73.15% to Rs 176.67 crore on 2.71% rise in total income to Rs 9347.58 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

Union Bank of India announced that the bank has on 4 November 2016 issued 10,000 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments eligible for inclusion in additional tier 1 capital. The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 1000 crore on private placement basis bearing 9% per annum coupon payable annually.

UCO Bank announced after market hours on Friday, 4 November 2016, that the bank has raised non-convertible, unsecured subordinated fully paid-up Basel III compliant perpetual debt instruments eligible for inclusion in additional tier I capital of Rs 750 crore through private placement.

Central Bank of India reported net loss of Rs 641.82 crore in Q2 September 2016 compared with net profit of Rs 112.87 crore in Q2 September 2015. Total income decreased 1.95% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

KPIT Technologies announced on Sunday, 6 November 2016 that it has completed agreement with ANSYS, to sell its Berlin-based subsidiary, KPIT medini Technologies AG, which has been focusing on functional safety products (Product brand known as Medini). Medini is a functional safety product which has applications beyond KPITs focused industries and as a software product, needs a wider and different distribution network to reach out to other industries beyond KPITs focused areas.

KPIT is expanding its portfolio as a provider of services and platforms to automotive industry for product engineering areas such as Powertrain, AUTOSAR, Diagnostics, Infotainment, etc. While KPIT will continue to provide services around the Medini tools, it would like to deepen its domain expertise by continuing to make further strategic investments in its focus areas for which the proceeds from this sale will be used.

Powered by Capital Market - Live News

SREI Infrastructure Finance standalone net profit rises 182.45% in the September 2016 quarter
Nov 07,2016

Net profit of SREI Infrastructure Finance rose 182.45% to Rs 23.02 crore in the quarter ended September 2016 as against Rs 8.15 crore during the previous quarter ended September 2015. Sales declined 13.39% to Rs 428.23 crore in the quarter ended September 2016 as against Rs 494.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales428.23494.41 -13 OPM %92.1086.88 - PBDT49.7725.02 99 PBT36.7411.79 212 NP23.028.15 182

Powered by Capital Market - Live News

Honda Siel Power Products standalone net profit rises 107.66% in the September 2016 quarter
Nov 07,2016

Net profit of Honda Siel Power Products rose 107.66% to Rs 17.90 crore in the quarter ended September 2016 as against Rs 8.62 crore during the previous quarter ended September 2015. Sales rose 21.95% to Rs 179.14 crore in the quarter ended September 2016 as against Rs 146.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales179.14146.90 22 OPM %15.7110.82 - PBDT33.1818.72 77 PBT27.4213.19 108 NP17.908.62 108

Powered by Capital Market - Live News

VCCL reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 07,2016

Net Loss of VCCL reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

Powered by Capital Market - Live News

Nilkamal standalone net profit rises 0.80% in the September 2016 quarter
Nov 07,2016

Net profit of Nilkamal rose 0.80% to Rs 26.33 crore in the quarter ended September 2016 as against Rs 26.12 crore during the previous quarter ended September 2015. Sales declined 2.16% to Rs 466.60 crore in the quarter ended September 2016 as against Rs 476.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales466.60476.90 -2 OPM %11.0010.68 - PBDT50.7950.37 1 PBT38.1737.67 1 NP26.3326.12 1

Powered by Capital Market - Live News

Luharuka Media & Infra standalone net profit rises 233.33% in the September 2016 quarter
Nov 07,2016

Net profit of Luharuka Media & Infra rose 233.33% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 362.50% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.370.08 363 OPM %70.27100.00 - PBDT0.260.08 225 PBT0.260.08 225 NP0.200.06 233

Powered by Capital Market - Live News

STI India reports standalone net loss of Rs 0.39 crore in the September 2016 quarter
Nov 07,2016

Net loss of STI India reported to Rs 0.39 crore in the quarter ended September 2016 as against net profit of Rs 42.98 crore during the previous quarter ended September 2015. Sales rose 9.08% to Rs 13.70 crore in the quarter ended September 2016 as against Rs 12.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.7012.56 9 OPM %1.53-13.30 - PBDT0.5146.49 -99 PBT-0.3945.53 PL NP-0.3942.98 PL

Powered by Capital Market - Live News

Tanfac Industries reports standalone net profit of Rs 3.15 crore in the September 2016 quarter
Nov 07,2016

Net profit of Tanfac Industries reported to Rs 3.15 crore in the quarter ended September 2016 as against net loss of Rs 4.45 crore during the previous quarter ended September 2015. Sales rose 40.06% to Rs 31.57 crore in the quarter ended September 2016 as against Rs 22.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales31.5722.54 40 OPM %17.04-10.69 - PBDT4.35-4.14 LP PBT3.15-5.33 LP NP3.15-4.45 LP

Powered by Capital Market - Live News