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

GSTN unveils excel template for to help taxpayers perform easy data entry offline before uploading on the GST portal
Jul 03,2017

Goods and Services Network (GSTN) has unveiled a simple excel based template that will facilitate the taxpayers in preparing and filing their monthly returns with maximum ease and minimal cost.

The excel template is a part of GST Councils approach to make tax compliance highly easy and convenient for taxpayers and also reduce the time of compliance to improve ease of doing business. This excel workbook template can be freely downloaded from the GST Common portal (www.gst.gov.in), and can be used by taxpayers to collate all invoice related data on a regular basis.

The Excel format can be used by businesses to start maintaining their data. The taxpayer can prepare the details of his outward supply on weekly or any other suitable regular interval which can then be uploaded on GST portal on or before the 10th of subsequent month. The GSTR1 excel template workbook can be used to prepare the data for GSTR 1 return without connecting to internet in offline mode. This also benefits taxpayers in remote areas where Internet connectivity might not be good.

The template comprises of eight worksheets. Summary of key values in each worksheet has been provided at the top to help taxpayers easily reconcile the data entered in the worksheets with that recorded in his accounting system/books to accurately prepare the return. Based on data entered in the Excel sheet, offline tool will prepare a file which will have to be uploaded by the taxpayer on GST Portal to create GSTR-1. Only while uploading the file on the GST portal, Internet connectivity will be required.

Powered by Capital Market - Live News

Bajaj Auto records total sales of 244878 units
Jul 03,2017

Bajaj Auto has achieved total sales of 244878 units in June 2017 compared to 316969 units in June 2016, registering a decline of 23%. Total sales included domestic sales of 126975 units and export of 117903 units. For the period April - June 2017, total sales declined 11% to 888434 units compared to corresponding period of previous year.

Powered by Capital Market - Live News

Strides Shasun receives approval for Promethazine Hydrochloride Tablets
Jul 03,2017

Strides Shasun has received approval from USFDA for Promethazine Hydrochloride Tablets USP, 12.5 mg, 25 mg and 50 mg. The product will be manufactured at its facility in Bangalore and marketed by Strides Pharma Inc. in the US market.

Powered by Capital Market - Live News

Godrej Properties to develop premium group housing project in Bangalore
Jul 03,2017

Godrej Properties has signed a Development Management agreement to develop a premium group housing project on Magadi Road in West Bangalore.

The project will offer 58000 square meters of saleable area. This is the Companys first project in micro market in West Bangalore and its 11th project in Bangalore.

Powered by Capital Market - Live News

Godrej Properties announces new group housing project in Gurgaon
Jul 03,2017

Godrej Properties announced the addition of new group housing project in Gurgaon. This project will offer approximately 98000 square meter of saleable area and will be developed as a modern group housing development.

This is the Companys 11th project within the National Capital Region.

Powered by Capital Market - Live News

Escorts Agri Machinery sells 5776 tractors
Jul 03,2017

Escorts announced that its Agri Machinery Segment (EAM) sold 5,776 tractors in June 2017 against 6,946 tractors in June 2016.

Domestic sales in June 2017 stood at 5,669 tractors against 6,890 in June 2016. Export for the month of June 2017 at 107 tractors against 56 tractors in June 2016.

While domestic retail sales has grown by about 12% YoY but wholesales have been reduced during June 2017 to enable de-stocking by the Dealers to minimize the transition impact on inventories caused by GST provisions and the same will be made up during Q2 (July-Sep2017).

Powered by Capital Market - Live News

Maruti Suzuki, Tata Motors in focus after declaring monthly sales
Jul 03,2017

Maruti Suzuki Indias total sales rose 7.6% to 1.06 lakh units in June 2017 over June 2016. Domestic sales grew by 1.2% to 93,263 units in June 2017 over June 2016. Export sales jumped 95.8% to 13,131 units in June 2017 over June 2016. The announcement was made on Saturday, 1 July 2017.

Tata Motors passenger and commercial vehicles total sales (including exports) fell 9% to 40,358 vehicles in June 2017 over June 2016. The companys domestic sales of Tata commercial and passenger vehicles for June 2017 were at 36,854 vehicles, lower by 5% over 38,718 vehicles sold in June 2016. The announcement was made on Saturday, 1 July 2017.

Fertiliser stocks may edge higher after the GST Council announced reduction in GST rate of fertilisers to 5% from 12%. This decision was primarily taken in the interests of the farmers. The announcement was made after market hours on Friday, 30 June 2017.

NBCC (India) and Rail Development Authority, a statutory authority under the Ministry of Railways have signed a Memorandum of Understanding for re-development of 10 Railway stations i.e. Tirupati, Pudducherry, Eranakulam, Nellore, Madgaon, Thane, Lucknow, Kota, Gomati Nagar (Lucknow) and Sarai Rohilla (Delhi). The re-development of railway station would be integrated with Smart City features. The announcement was made after market hours on Friday, 30 June 2017.

JMC Projects secured three new orders worth Rs 710 crore. The order includes two water pipeline projects in Madhya Pradesh totaling Rs 257 crore, four commercial projects in Bangalore and Chennai totalling Rs 340 crore and one residential project in Chennai of Rs 115 crore. The announcement was made after market hours on Friday, 30 June 2017.

Kalpataru Power Transmission received new orders in the power and infrastructure sector worth Rs 676 crore. The announcement was made after market hours on Friday, 30 June 2017.

Powered by Capital Market - Live News

Mahindra & Mahindra achieves total sales of 35,716 units
Jul 01,2017

Mahindra & Mahindra achieved total sales of 35,716 units in month of June 2017, lower by 8% compared to 39009 units in June 2016. Total sales comprised of 33,861 units of domestic sales and exports of 1855 units in June 2016.

Powered by Capital Market - Live News

Satin Creditcare Network allots 658,690 equity shares
Jul 01,2017

Satin Creditcare Network has on 30 June 2017 allotted 6,58,690 Equity Shares of Rs. 10/- each pursuant to conversion of 6,58,690 Fully Convertible Warrants (Warrants) allotted on 21 April 2017, into equivalent number of Equity Shares, to M/s. Trishashna Holdings & Investments Private Limited, being an entity belonging to the Promoter Category.

Powered by Capital Market - Live News

Oriental Bank of Commerce announces retirement of director
Jul 01,2017

Oriental Bank of Commerce announced that Animesh Chauhan, Managing Director & CEO of the Bank has vacated office on his superannuation on 30 June 2017.

Powered by Capital Market - Live News

Oriental Bank of Commerce announces cessation of director
Jul 01,2017

Oriental Bank of Commerce announced the vacation of Rajkiran Rai G., Executive Director on the Board of the Bank on 30 June 2017 on his appointment as Managing Director & CEO of Union Bank of India.

Powered by Capital Market - Live News

Eicher Motors announces sales performance
Jul 01,2017

Eicher Motors achieved total sales of 63160 units in the month of June 2017 compared to 50682 units in June 2016, recording a growth of 25%. Total sales included exports of 1489 units in June 2017.

Powered by Capital Market - Live News

Board of Shilpi Cable Technologies appoints director and company secretary
Jul 01,2017

Shilpi Cable Technologies announced that the Board of Directors of the Company have considered and approved the following -

Appointment of Nalini Malhotra as Additional Director of the Company with effect from 30 June, 2017 (Women Independent Director).

Appointment of Gurvinder Singh as Company Secretary and Compliance officer of the Company with effect from 01 July, 2017.

Powered by Capital Market - Live News

Union Bank of India announces change in MD
Jul 01,2017

Union Bank of India announced that Arun Tiwari, Chairman & Managing Director of the Bank has superannuated from the services of the Bank on 30 June 2017. Further, Rajkiran Rai G. appointed by Central Government taken over the charge as Managing Director & Chief Executive Officer of the Bank on 01 July 2017.

Powered by Capital Market - Live News

Shah Alloys CFO resigns
Jul 01,2017

Shah Alloys announced the resignation of Yashpal Mehta from the post of CFO with effect from 30 June 2017.

Powered by Capital Market - Live News