My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
NTPC in focus after commissioning 117 MW capacity at Mandsaur project
Jun 05,2017

NTPC announced that 117 megawatts (MW) out of 250 MW of Mandsaur Solar Power Project of the company has been commissioned. With this, the installed capacity of NTPCs solar power projects has become 737 MW. The total installed capacity of NTPC on standalone basis has become 44,311 MW and that of NTPC group has become 51,527 MW. The announcement was made after market hours on Friday, 2 June 2017.

Vedanta said that the ratings for the company have been revised by India Ratings & Research to IND AA/Stable from IND AA/Negative earlier. The announcement was made after market hours on Friday, 2 June 2017. India Ratings & Research is a Fitch Group company.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore.

The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders. The announcement was made after market hours on Friday, 2 June 2017.

Budget passenger carrier SpiceJets net profit declined 61.40% to Rs 41.64 crore on 11.40% rise in net sales to Rs 1613.83 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 3 June 2017.

SpiceJet said its strong operational performance came despite significant headwinds. Demonetisation resulted in significant decline in yield in Q3 and Q4. Increase in fuel cost was at 46% in Q4 eroding approximately Rs 160 crore of profit. These headwinds have subsided and SpiceJet is bullish about its future prospects, the company said.

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs.45,000 crore to approximately Rs 20000 crore; a reduction of 60% OR Rs. 25,000 crore. RCom said it also aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of 7 months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next 7 months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

Tata Communications and Batelco, Bahrains leading digital communications solutions provider, signed an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. The agreement was signed by Batelco Chief Global Business Officer Adel Al-Daylami and Tata Communications Senior Vice President for Middle East, Central Asia and Africa Radwan Moussalli, on the sidelines of International Telecoms Week (ITW) which took place in Chicago, USA from 14 to 17 May 2017. Tata Communications made the announcement on Sunday, 4 June 2017.

Mawana Sugars said it has agreed to enter into one time settlement with State Bank of India in respect of borrowings from State Bank of Hyderabad. The announcement was made after market hours on Friday, 2 June 2017.

Powered by Capital Market - Live News

Hero MotoCorp in focus after declaring monthly sales
Jun 02,2017

Hero MotoCorp (HMCL) said its total two-wheeler sales grew 8.7% to 6.33 lakh units in May 2017 over May 2016. The announcement was made after market hours yesterday, 1 June 2017.

With monsoon already hitting some parts of the country, and forecast of normal rains this year, the industry is expecting a boost in demand and consumption in the rural markets. Having lined up a slew of new launches across various segments, the company is confident of maintaining the growth trajectory in the coming months.

Meanwhile, HMCL commenced commercial production yesterday, 1 June 2017, in the manufacturing facility at its subsidiary HMCL Niloy Bangladesh. This plant, located at Jessore in Bangladesh, has an installed capacity of 1.50 lakh vehicles per annum.

Bharti Airtel announced that it has received the approval of the Securities and Exchange Board of India (Sebi), BSE and National Stock Exchange of India (NSE) for the proposed Scheme of merger between Airtel and Telenor (India) Communications. The announcement was made after market hours yesterday, 1 June 2017.

Bharti Airtel further stated that Telenor India and Airtel have filed the joint company application before the New Delhi Bench of the National Company Law Tribunal for approval of the proposed Scheme of merger. The merger is inter alia subject to other statutory approvals including from the Competition Commission of India.

Airtel had earlier announced (in February 2017) that it had entered into a definitive agreement with Telenor South Asia Investments Pte Ltd (Telenor). As part Of the Scheme, Airtel will acquire Telenor Indias running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and therefore offer a high potential for growth.

The proposed acquisition will include transfer of all of Telenor Indias assets and customers, further augmenting Airtels overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.

Coal India announced that the company and its subsidiaries achieved 92% of targeted production at 40.74 million tonnes in May 2017. The company achieved 91% of targeted offtake at 46.41 million tonnes in May 2017. The announcement was made after market hours yesterday, 1 June 2017.

TVS Motor Companys total sales rose 16% to 2.82 lakh units in May 2017 over May 2016. The announcement was made after market hours yesterday, 1 June 2017.

Hindustan Copper announced after market hours yesterday, 1 June 2017, that it inaugurated Banwas Mine located at Khetri Copper Complex, Rajasthan after completion of mine construction. The production capacity of the mine is 6 lakh tonne per annum of copper ore. The production will start from current financial year.

Jayant Agro Organics scheduled a board meeting on 16 June 2017, to consider stock-split proposal. The announcement was made before market hours today, 2 June 2017.

Bayer CropScience announced after market hours yesterday, 1 June 2017, that its board will meet on 6 June 2017, to consider a proposal for buyback of the companys equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws.

Powered by Capital Market - Live News

Auto, PSU OMC stocks in focus
Jun 01,2017

Auto stocks will be in focus as these companies will start reporting sales volume data for May 2017, starting from today, 1 June 2017.

Shares of public sector oil marketing companies (PSU OMCs) will be watched. Indian Oil Corporation (IOCL) yesterday, 31 May 2017, announced an increase in the price of petrol and diesel with effect from the midnight of 31 May/1 June 2017. Petrol price was hiked by Rs 1.23 per litre and diesel price was raised by Rs 0.89 a litre at Delhi (excluding state levies).

MOIL announced increase in price of various grades of manganese ore effective from 1 June 2017. The announcement was made after market hours yesterday, 31 May 2017.

MOIL announced that the prices have been increased by 10% on the existing prices prevailing since 1 May 2017 for all Ferro Grades. The prices have been increased by 10% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices since 1 May 2017.

The prices have been increased by 10% on all grades of fines and chemical grades ores on the prevailing prices since 1 May 2017. However, prices of Electrolytic Manganese Dioxide (EMD) were kept unchanged.

Future Market Networks announced after market hours yesterday, 31 May 2017, that it executed a share purchase agreement with IL&FS Township and Urban Assets (ITUAL) to acquire 50% equity share capital viz. 1.50 crore equity shares of Rs.10/- each held by ITUAL in Future Retail Destination (FRDL). FRDL is set up for development of infra logistic parks across India as a special purpose vehicle company. FRDL shall become 100% subsidiary of the company upon completion of the transaction. The total consideration payable by the company under the SPA is Rs 14 crore. In terms of the SPA, the company has paid an amount of Rs 9 crore and the balance consideration of Rs 5 crore shall be paid on or before 30 September 2018.

Pfizer announced after market hours yesterday, 31 May 2017, that it entered into an acquisition agreement with AstraZeneca AB, Sweden, pursuant to which the brand Neksium is being acquired by the company in India for a consideration of Rs 75 crore, subject to completion of necessary conditions precedent. Neksium (esomeprazole) complements the companys existing product portfolio in the gastrointestinal (GI) therapeutic area.

JK Paper announced after market hours yesterday, 31 May 2017, that meeting of the committee of directors of the company will be held on 8 June 2017, to consider allotment of equity shares of the company consequent to conversion notices received from one of the foreign currency convertible bonds (FCCBs) holders, seeking conversion of its FCCBs (Series 4) and FCCBs (Series 5) of 2.4 million euro each into equity shares of the company.

Bharat Gears announced after market hours yesterday, 31 May 2017, that the finance committee of board of directors of the company approved the proposal to avail a term loan of Rs 110 crore from KKR India Financial Services for repaying some of the existing term debts, working capital requirements and capital expenditure, among others.

Powered by Capital Market - Live News

Cox & Kings in focus as board approves demerger
May 31,2017

Cox & Kings announced after market hours yesterday, 30 May 2017, that its board approved the demerger of its foreign exchange division into a separate financial services company to be named Cox & Kings Financial Service (CKFSL). The demerger is effective 1 April 2017, and is subject to High Court and other regulatory approvals.

Whilst the tours & travels and foreign exchange (Forex) businesses are complementary in nature, the businesses operate quite distinctly from each other. The forex business has 125 licenses across India to provide foreign exchange to captive customers as well as to third-party customers.

The working capital needs of the forex business are quite different from those of the tours & Travels business. With a view to enable the Forex business to capitalize on growth opportunities in an independent manner it has been decided to demerge the business into a separate company.

The demerged entity has the potential to grow substantially as a standalone business with separate financing and operations and focused leadership and management attention. The opportunities as well as risks and competitive environment within the forex business are distinct and the said business is capable of attracting its own set of investors and strategic partners, lenders and other stakeholders.

It is proposed that the forex business of the company be demerged and transferred to the resulting company, a wholly-owned subsidiary company of the company, so as to maximize value for all the stakeholders of the Company. In consideration of the demerger, equity shares of the resulting company shall be issued to the equity shareholders of the company, on the agreed terms and conditions as set out in the draft scheme.

CKFSL is also in the process of applying for a license to operate as a non-banking finance company (NBFC) and will add multiple product lines to its suite of offerings over time, including holiday finance, overseas student finance etc. aimed primarily at the travel and tourism sector.

With the number of outbound travellers from India due to touch 50 million by 2020 (as per UNWTO) from approximately 21 million currently, there is a substantial and unique opportunity for the newly minted company to grow rapidly at high rates of profitability.

Jet Airways (India)s net profit dropped 90.73% to Rs 36.80 crore on 5.57% increase in total income to Rs 5759.58 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 30 May 2017.

BEMLs net profit rose 27.11% to Rs 186.40 crore on 18.19% increase in total income to Rs 1345.67 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 30 May 2017.

MOILs net profit surged 410.94% to Rs 109.24 crore on 19.76% increase in total income to Rs 252.71 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 30 May 2017.

McLeod Russel India announced after market hours yesterday, 30 May 2017, that its board deliberated on the strategic roadmap for the companys participation in a joint venture with Eveready Industries India for development of packet tea business.

The board has decided that the company will initiate discussion with Eveready for participating in a joint venture as a strategic business partner for development of packet tea business through a separate entity.

It is envisaged that with this measure, Eveready and McLeod will bring their respective skills of marketing & distribution and tea plantation knowledge to focus and develop the packet tea business to a much higher level.

McLeod is the worlds largest tea plantation company in private sector. This will enable the company to have direct access to the Rs 10000 crore packet tea market. Eveready is a consumer goods company with a large distribution reach. This alliance will enable it to upscale its FMCG operation.

Both McLeod and Eveready belong to the Williamson Magor Group and the strategic alliance is subject to all necessary approvals.

Gujarat Gas announced after market hours yesterday, 30 May 2017, that it entered into a non-binding memorandum of understanding with Petronet LNG for exploring - dispensing and marketing of LNG including the L-CNG at Gujarat Gas CNG stations.

Berger Paints India announced after market hours yesterday, 30 May 2017, that its board approved acquisition of 100% of the paid-up equity share capital of Saboo Coatings (SCPL) from its existing shareholders at a consideration of Rs 81.77 crore, subject to closing adjustments for variations in net debt and net working capital.

SCPL is engaged in carrying out the business of manufacturing specialty liquid coatings classified as Industrial Coatings by the paint industry in the segments of agriculture and construction equipment (ACE), automotive (auto components, auto re-finish), fans, electronics, general industrial, elevators, handicrafts and home furnishing, hardware and those used by industrial dealers for substrates n++ metal, plastics, FRP and glass in India. The gross turnover (including other income) of SCPL in the year 2016-17 was Rs 89.43 crore.

The business and the expertise of SCPL will gainfully supplement the companys industrial coatings business where the two entities can support each other in various areas such as manufacturing, selling, distribution, procurement,technology, etc., thus resulting in mutual benefit to both the companies. The transaction is likely to be completed by 30 June, 2017, subject to fulfillment of conditions precedent.

At the meeting, the board also approved purchase of 1.03 crore equity shares of Saboo Hesse Wood Coatings (SHWCPL), representing 51% of the paid-up equity share capital of SHWCPL at a consideration of Rs 1.5 crore. The balance 49% is held by Hesse Shares GmbH of Germany.

The business and the expertise of SHWCPL can gainfully supplement the companys existing wood coatings business, where the two entities can combine their strengths and collaborate in the areas of manufacturing, selling, distribution, procurement, technology, etc., resulting in mutual benefit to both the companies.

The transaction is likely to be completed by 31 August, 2017 subject to limited due diligence, approval of the Reserve Bank of India, if required, and parties agreeing on the terms of acquisition.

Powered by Capital Market - Live News

L&T in focus after Q4 result, 1:2 bonus issue
May 30,2017

On a consolidated basis, Larsen & Toubro (L&T)s profit after tax rose 29.5% to Rs 3025 crore on 12% increase in gross revenue to Rs 36828 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

L&T said it successfully won fresh orders worth Rs 142995 crore at the group level during the year ended 31 March 2017 in the face of a challenging business environment. The International orders during the year at Rs 41507 crore constituted 29% of the total order inflow. Order wins in infrastructure segment, hydrocarbon and heavy engineering segments contributed to the order flow during the year.

The order intake for the quarter ended 31 March 2017 at Rs 47289 crore grew by 9.6% year-on-year (y-o-y). International order inflow during the quarter at Rs 9044 crore constituted 19% of the order inflow for the quarter.

Consolidated order book of the group stood at Rs 261341 crore as at 31 March 2017, higher by 5% on a y-o-y basis. International order book constituted 27% of the total order book.

Meanwhile, the companys board recommended issuing 1:2 bonus issue of equity shares.

Aurobindo Pharmas consolidated net profit fell 4.01% to Rs 532.22 crore on 2.64% decline in total income to Rs 3682.41 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

Power Grid Corporation of Indias (PGCIL) net profit rose 22.17% to Rs 1916.36 crore on 17.87% growth in total income to Rs 7054.45 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

BPCLs net profit fell 13% to Rs 1841.68 crore on 31% growth in net sales to Rs 57036.48 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

On a consolidated basis, Coal Indias net profit fell 38.25% to Rs 2716.09 crore on 8.35% increase in total income to Rs 26635.97 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

Bhels net profit dropped 57.38% to Rs 215.55 crore on 5.8% fall in total income to Rs 9833.40 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

Hindalco Industries and Mahindra & Mahindra will unveil their Q4 results today, 30 May 2017.

Jubilant FoodWorks net profit fell 75.9% to Rs 6.72 crore on 0.8% decrease in net sales to Rs 612.78 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 29 May 2017.

The companys same store growth (SSG) was reported at negative 7.5% in Q4 March 2017 compared with a growth of 2.9% in Q4 March 2016.

Q4 revenues were impacted by demonetization during January-February 2017, its impact was partly offset by the increase in online ordering sales and incremental revenue due to addition of new restaurants, the company said in a statement.

India Gelatine & Chemicals proposed buyback of its fully paid up equity shares of face value of Rs 10 each up to 23.07 lakh, which represents 24.55% of the total paid up equity share capital of the company, at Rs 117 per equity share payable in cash for an aggregate amount of up to Rs 27 crore from equity shareholders. The announcement was made after market hours yesterday, 29 May 2017.

On a consolidated basis, Aban Offshore reported net loss of Rs 337.11 crore in Q4 March 2017, higher than net loss of Rs 202.28 crore in Q4 March 2016. Net sales fell 37.89% to Rs 390.86 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 29 May 2017.

In a separate announcement, Aban Offshore said that its board approved raising additional long term resources upto $400 million through issue of foreign currency convertible bonds (FCCBs), global depository receipts (GDRs), American depository receipts (ADRs), etc.

The board also approved issuing equity related securities to qualified institutional buyers upto Rs 2500 crore.

Powered by Capital Market - Live News

ONGC, Sun Pharma in focus after Q2 results
May 29,2017

ONGCs net profit fell 6.14% to Rs 4340.18 crore on 26.81% rise in total income to Rs 26233.56 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

ONGCs net profit rose 10.9% to Rs 17899.97 crore on 0.83% rise in total income to Rs 85455.85 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

On a consolidated basis, ONGCs net profit rose 63.94% to Rs 21478.34 crore on 5.57% rise in total income to Rs 152731.39 crore in FY 2017 over FY 2016.

In exploration segment, ONGC has achieved 35% rise in exploration performance in FY 2017 by making 23 discoveries, as against 17 discoveries in FY 2016. Of the 23 discoveries, 13 discoveries were made in onland (Nominaton-12, NELP-1) and 10 in offshore. (Nomination-7, NELP- 3). Out of 13 onland discoveries, 9 were monetized during the year itself having a potential of 0.218 MMTOE per year.

Sun Pharmaceuticals Industries consolidated net profit fell 16.67% to Rs 1385.57 crore on 6.35% fall in total income to Rs 7361.46 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Tech Mahindras consolidated net profit dropped 30.2% to Rs 589.69 crore on 0.26% rise in total income to Rs 7732.89 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Mahanagar Gas net profit rose 17.87% to Rs 99.47 crore on 2.57% rise in total income to Rs 538.28 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

DLF reported consolidated net profit of Rs 142.66 crore in Q4 March 2017 as compared with net loss of Rs 211.11 crore in Q4 March 2016. Total income fell 4.66% to Rs 2605.44 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

BPCL, Coal India, NTPC, L&T, Power Finance Corporation and Power Grid Corporation of India will announce their Q4 results today, 29 May 2017.

CG Power and Industrial Solutions said that the company has received an offer for acquisition of the companys power business in United States of America, comprised in its subsidiary, CG Power Systems USA Inc (PSUS). The announcement was made after market hours on Friday, 26 May 2017.

The board has at its meeting held on Friday, 26 May 2017 decided to divest the power business of PSUS for which the company and has constituted a committee to consider the offer and decide on the terms and conditions of acceptance of the offer and closure. The requisite shareholders approval is in place as part of the divestment of the overseas T&D business divestment. The board has mandated the committee to complete the process by 30 June 2017.

The proposed divestment is part of the companys stated strategy of geography / product-wise divestment with the objective of debt reduction and focusing on core operations and core market in India.

Powered by Capital Market - Live News

Cipla may drop on weak Q4 results
May 26,2017

Cipla reported consolidated net loss of Rs 61.79 crore in Q4 March 2017 compared with loss of Rs 92.83 crore in Q4 March 2016. Total income rose 6.84% to Rs 3604.79 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 25 May 2017.

ITC, Tech Mahindra and Sun Pharmaceutical Industries will announce Q4 results today, 26 May 2017.

Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power company has successfully issued Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of Rs 500 crore on private placement basis. The announcement was made after market hours yesterday, 25 May 2017.

Infosys and HP Inc. yesterday, 25 May 2017 launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program. The announcement was made after market hours yesterday, 25 May 2017.

The joint RPOS solution offers a digital approach across the supply chain, enabling real-time collaboration between shoppers, retailers and vendors at the point of purchase, providing a true omnichannel experience. The joint Enterprise Device as a Service solution defines and delivers technologyenabled transformations that optimize how organizations acquire, manage and use devices with end-to-end services, enterprise applications, fleet reporting, analytics, insights and more.

TTK Prestige announced that the board of directors of the company in a meet on 30 May 2017 will consider share buyback. The announcement was made after market hours yesterday, 25 May 2017.

NMDCs net profit rose 11.5% to Rs 511.88 crore on 87.69% rise in total income from operations to Rs 2871.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 25 May 2017.

HeidelbergCement Indias net profit rose 49.25% to Rs 37.03 crore on 14.05% rise in total income to Rs 542.38 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 25 May 2017.

UPL and Sinagro Group, a Brazilian company in the state of Matto Grosso, comprising of (i) Sinagro Produtos Agropecun++rios S.A and (ii) 3SB Produtos Agrn++colas S.A. has obtained necessary approval for an agreement and has consequentially completed a transaction in terms of the agreement in which UPL through its step down wholly owned subsidiary has subscribed to additional 9% shares in Sinagro Group, so as to increase its interest in the Sinagro Group share capital from 40% to 49%. Sinagro Group based out of Primavera de Leste in the state of Mato Grosso, is one of the leading distributors of farm inputs in the Cerrado region of Brazil and is also in the business of agricultural production and trading of grains. The announcement was made after market hours yesterday, 25 May 2017.

Glenmark Pharmaceuticals Inc., USA has been grantedfinal approval by the United States Food & Drug Administration (USFDA) for Olmesartan Medoxomil Tablets, 5 mg, 20 mg and 40 mg, the generic version of Benicar Tablets, 5 mg, 20 mg and 40 mg, of Daiichi Sankyo, Inc. Glenmarks Olmesartan Medoxomil Tablets will be manufactured by Glenmark Pharmaceuticals in its manufacturing facility located in Goa, India.

According to IMS Health sales data for the 12 month period ended March 2017, the Benicar Tablets, 5 mg, 20 mg and 40 mg market achieved annual sales of approximately $950.0 million in US. The announcement was made before market hours today, 26 May 2017.

Mphasis and DXC Technology announced a new solution partner relationship to tranform and modernize enterprise applications for public, private and hybrid cloud. The announcement was made before market hours today, 26 May 2017.

Powered by Capital Market - Live News

NHPC may gain on fund raising plans
May 25,2017

NHPC said that the companys board of directors in its meeting scheduled to be held on 30 May 2017 will consider the proposal for raising of Rs 1756 crore through issuance of W series corporate bonds on private placement basis. The proposed issue is out of Rs 4500 crore already approved by the shareholders in 40th Annual General Meeting held on 22 September 2016. The announcement was made after market hours yesterday, 24 May 2017.

Bosch, Cipla and Indian Oil Corporation will announce Q4 results today, 25 May 2017.

Shares of Bharti Airtel will be in focus. With respect to media reports titled Moodys revises Airtel rating outlook to negative from stable, Bharti Airtel clarified that Moodys Investors Service has affirmed its Baa3 issuer rating and senior unsecured debt ratings. Moodys has also affirmed the Baa3 ratings on the senior unsecured notes issued by Bharti Airtel International (Netherlands) B.V., which are irrevocably and unconditionally guaranteed by Bharti Airtel. At the same time, Moodys has changed the outlook on the ratings to negative from stable, Bharti Airtel said. The clarification was made after market hours yesterday, 24 May 2017.

Praj Industries consolidated net profit declined 40.75% to Rs 22.78 crore on 10.38% decrease in total income to Rs 315.72 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Jain Irrigation Systems consolidated net profit rose 23.96% to Rs 77.6 crore on 9.58% rise in revenue from operations to Rs 2286.5 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Kalpataru Power Transmission said that the executive committee of board of directors of the company approved issuance of listed rated unsecured redeemable taxable non-convertible debentures of Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 24 May 2017.

Gujarat Gas net profit fell 53.77% to Rs 33.14 crore on 1.75% rise in total income to Rs 1444.82 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 24 May 2017.

Indian Overseas Bank said that a meeting of committee of directors of the bank will be held on 29 May 2017 to consider and approve the raising of equity capital by way of preferential issue to the Government of India. The announcement was made after market hours yesterday, 24 May 2017.

Powered by Capital Market - Live News

Tata Motors may drop after posting weak Q4 results
May 24,2017

Tata Motors consolidated net profit fell 16.79% to Rs 4336 crore on 2.86% fall in revenues to Rs 77272 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. Consolidated profit was lower due to translation impact from Pound to Indian Rupee.

Adani Ports & Special Economic Zone and Lupin will announce Q4 results today, 24 May 2017.

Karnataka Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management (HDFCAML). Mahabaleswara MS, Managing Director and Chief Executive Officer of Karnataka Bank said that investment in mutual funds will provide an opportunity to those customers who are uncomfortable in investing directly in stock markets. The announcement was made after market hours yesterday, 23 May 2017.

JB Chemicals & Pharmaceuticals net profit fell 16.6% to Rs 42.14 crore on 1.17% fall in total income to Rs 319.02 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Meanwhile, JB Chemicals & Pharmaceuticals board of directors has approved the buy-back of up to 12.50 lakh shares at Rs 400 per share for a total consideration not exceeding Rs 50 crore, through the tender offer route on a proportionate basis.

NCC reported 26.11% fall in net profit to Rs 63.71 crore on 13.54% rise in total income to Rs 2186.50 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. The result was declared after market hours yesterday, 23 May 2017.

Sunteck Realty announced that a meeting of the board of directors of the company will be held on 8 June 2017, to consider stock split. The announcement was made before market hours today, 24 May 2017.

Himatsingka Seides net profit rose 31.91% to Rs 43.57 crore on 55.67% rise in net total revenue to Rs 404.05 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Redington India said that Redington Gulf FZE (RGF), a step down subsidiary of the company acquired additional 10% stake from shareholder of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) for a consideration of $0.99 million. With this the total stake of RGF in Link plus is 90%.

Redington India had earlier announced that Redington Gulf FZE (RGF), acquired 70% and subsequently 10% stake in Linkplus. The announcement was made after market hours yesterday, 23 May 2017.

Cupids net profit rose 7% to Rs 4.92 crore on 1% rise in total operating income to Rs 18.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 23 May 2017.

Powered by Capital Market - Live News

GAIL (India) may drop after posting weak Q4 results
May 23,2017

GAIL (India)s net profit dropped 68.74% to Rs 260.16 crore on 15.86% rise in total income to Rs 13674.09 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 22 May 2017.

The fall in bottomline was due to accounting of impairment of investments in Ratnagiri Gas and Power (RGPPL) of Rs 783 crore in Q4 March 2017. The net profit without the impact of impairment rose 25% to Rs 1043 crore in Q4 March 2017 over in Q4 March 2016.

Tata Motors unveils Q4 results today, 23 May 2017.

Brigade Enterprises consolidated net profit jumped 173% to Rs 82 crore on 11% rise in total revenues to Rs 561 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 22 May 2017.

Hinduja Global Solutions consolidated net profit fell 9.6% to Rs 42.7 crore on 1.7% fall in operating revenues to Rs 940 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 May 2017.

Seamec said that the charter for the vessel HAL SUPPORTER taken on charter basis from HAL for the contract with National Petroleum Construction Company has ended at 20:30 IST on 20 May 2017. The announcement was made after market hours yesterday, 22 May 2017.

Dwarikesh Sugar Industries has scheduled a board meeting on 2 June 2017, to consider the sub division of face value of equity shares of the company. The announcement was made after market hours yesterday, 22 May 2017.

MT Educare (MTEL) announced that it, alongwith its subsidiary Lakshya Educare Private Limited, has been sanctioned a long term debt facility from Xander Finance Private Limited (Xander) of Rs 110 crore. The initial disbursement proceeds from Xander of Rs 80 crore were utilized largely to repay short term debt raised by the company from various lenders who had provided loans to the company against promoter Mahesh Shettys shares, as primary security. With the above deal, MTEL has been successfully able to convert most of its short term debt outstanding as on 31st March 2017, to long term debt.

This transaction has also enabled MTEL to significantly reduce its average cost of borrowings to the mid-teens. The above clarification is given by MTEL, in continuation of a clarification given to the stock exchanges in response to a new article in a leading newspaper recently. The announcement was made after market hours yesterday, 22 May 2017.

VA Tech Wabag said that board of directors in its meet on 25 May 2017 will consider the proposal of fund raising through private placement/preferential allotment/ qualified institutional placement or in any combination thereof. The announcement was made after market hours yesterday, 22 May 2017.

Vishal Fabrics announced that the board of directors of in a meeting on 30 May 2017 will consider 2 for 1 stock split. The announcement was made after market hours yesterday, 22 May 2017.

SRF said that the board of directors at a meeting held on 22 May 2017 has approved setting-up of a facility to produce agrochemical at SRFs chemical complex in The proposed capacity addition 250 metric tonne per annum. The period within which the proposed capacity is to be added is 12 to 18 months. The investment required is Rs 180 crore. The mode of financing is mix of debt and internal accruals. The announcement was made after market hours yesterday, 22 May 2017.

Powered by Capital Market - Live News

M&M may gain on plans to invest in high-end electric powertrain technology
May 22,2017

Mahindra & Mahindra (M&M) announced that the company plans to invest directly and/or through its subsidiary(ies) in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products.

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles. The high end electric powertrains will be used for the Groups future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The companys announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of Indias thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030. The announcement was made on Sunday, 21 May 2017.

GAIL (India) announces Q4 results today, 22 May 2017.

Adani Ports and Special Economic Zone announced that Board of Directors at the meeting on 24 May 2017 will consider to raise funds by issue of equity shares/ convertible bonds through qualified institutional placement (QIP)/GDR/ADR/FCCBs/FCEBs/convertible securities.

The board will also consider issue secured/ unsecured redeemable non-convertible debentures on private placement basis.

The board will consider issue of bonds which may be issued in one or more tranches, in India or overseas, and that may be listed in any one or more stock exchanges in India or overseas, provided that the total amount does not exceed $1.5 billion on private placement basis or otherwise, to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Bonds under applicable laws. The announcement was made on Saturday, 20 May 2017.

VRL Logistics net profit fell 29.72% to Rs 8.38 crore on 6.58% rise in total income to Rs 444.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

Bhushan Steel announced that it had participated in iron ore mine open bidding for the Kalmong West Block in Sundergarh district having a reserve of 92 million tonne and won the auction. The announcement was made after market hours on Friday, 19 May 2017.

Mahindra Holidays and Resorts Indias net profit rose 4.5% to Rs 31.8 crore on 26.3% rise in total income to Rs 315.7 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

The board approved 1 bonus issue of share for 2 shares held.

Camlin Fine Sciences board at a meeting held on 19 May 2017 has approved to raise funds not exceeding Rs 250 crore by way of QIP/ GDR/ADR/FCCB/ other securities linked to equity/ preference shares/ convertible securities, subject to approval of shareholders. The board has appointed Santosh Parab as CFO of the company with effect from 10 May 2017. The announcement was made after market hours on Friday, 19 May 2017.

Hindustan Copper has prepared a feasibility report for a project to manufacture copper cathode from sulphide copper concentrate through a State of the Art Hydro-Metallurgy technology. The capacity of the proposed plant is 1 lakh tonne per annum at an estimated cost of Rs 3025 crore. The company has initiated process to obtain investment approval from CCEA, Govt. of India. The announcement was made after market hours on Friday, 19 May 2017.

Sun Pharma Advanced Research Company said it has received a Complete Response Letter (CRL) from the USFDA for its New Drug Application (NDA) for Elepsia XRTM, Levetiracetam extended-release tablets 1000 mg and 1500 mg. The CRL references the recent inspection of the Sun Pharmaceutical Industries (SPIL)s Halol manufacturing site by USFDA and indicates that, satisfactory resolution of the deficiencies identified during the inspection is required before the final approval of Elepsia XRTM can be granted.

SPARC had out-licensed Elepsia XRTM to a subsidiary of Sun Pharmaceutical Industries in July 2016. As informed to the cmpany, SPIL is working with USFDA for resolving the cGMP deviations at the Halol facility and has taken several corrective measures. The announcement was made after market hours on Friday, 19 May 2017.

Powered by Capital Market - Live News

TCS in focus after collaboration with Qualcomm
May 19,2017

TCS announced that it collaborated with Qualcomm incorporated through its Qualcomm Wireless Reach initiative and FHI 360 to implement a digital solution that enriches lives of the fishing community in Senegal, leveraging the transformative power of wireless technologies. The announcement was made after market hours yesterday, 18 May 2017.

Strides Shasun anounced that it inked a pact with Vivimed Labs to set up two joint venture (JV) firms. The first JV -- a 50:50 joint venture company in India will own a US Food and Drug Administration (USFDA) approved formulation facility in Alathur, Chennai, Strides Shasun said in a regulatory filing. The second JV firm would come up in Singapore and will own various approved abbreviated new drug applications (ANDAs) and product pipeline, it added. The exercise provides additional capacity and de-risks manufacturing infrastructure, the company said. The transaction is expected to close on 31 May 2017. The announcement was made after market hours yesterday, 18 May 2017.

TD Power Systems consolidated net profit spurted 24323.17% to Rs 8.01 crore on 8.41% rise in net total income from operations to Rs 128.63 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017.

Coral India Finance & Housing announced that the meeting of board of directors of the company is scheduled to be held on 5 June 2017 to consider stock split. The announcement was made after market hours yesterday, 18 May 2017.

TeamLease Services consolidated net profit spurted 320% to Rs 38.4 crore on 23% rise in total revenue to Rs 822.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017. Net profit was positively impacted by the tax benefits availed under section 80JJAA of the Income Tax Act, 1961 and deferred tax benefits availed from the recently acquired subsidiaries.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 77% to Rs 14.7 crore in Q4 March 2017 over Q4 March 2016. This was achieved by way of margin expansion in general staffing and contribution from IT staffing during FY 2017.

Powered by Capital Market - Live News

HUL in spotlight after announcing Q4 results
May 18,2017

Hindustan Unilevers net profit rose 6.19% to Rs 1183 crore on 6.39% rise in total income to Rs 8969 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Unilever recommended a final dividend of Rs 10 per share for the financial year ended March 2017.

Axis Bank announced that it has decided to keep the Marginal Cost of Funds based Lending Rate (MCLR) unchanged. This will be effective from 18 May 2017.

The banks MCLR for overnight loans will be 7.9%, the rate for one month will be 7.9% and for three months it will be 8.05%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate will be 8.25%, the bank said. MCLR on two-year loans will be 8.3% and for three-year loans the rate will be 8.35%. The announcement was made after market hours yesterday, 17 May 2017.

Sicagen Indias consolidated net profit jumped 120.43% to Rs 6.04 crore on 26.75% rise in total revenue to Rs 203.12 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Coppers net profit spurted 6919% to Rs 40.71 crore on 58.4% growth in net sales to Rs 513.68 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

JSW Steels consolidated net profit jumped 235% to Rs 1009 crore on 53% rise in revenue from operations to Rs 17917 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

The company in its guidance said that crude steel production is estimated to rise 4.4% to 16.5 million tonnes in year ending 31 March 2018 (FY 2018) over FY 2017. Saleable steel sales is estimated to rise 4.9% to 15.5 million tonnes in FY 2018 over FY 2017.

La Opala RG said that the operations at Madhupur plant have been temporarily suspended due to unreasonable charter of demands by the workers union. The management has taken a conscious decision, after taking into consideration a long term view, to temporarily suspend the operations at our Madhupur plant. In the circumstance, the production of and dispatches from the plant will be affected.

However, to a great extent, these would be made up by the Sitarganj unit, for which necessary steps have been initiated. The decision to suspend the work has been taken to improve the present working atmosphere prevailing at the plant. While the company remains committed to well established principles of good and cordial relationship with people, but will not compromise on issues of discipline and pressure tactics.

The company believes in fair treatment and as such, will keep the dialogue going with the union representative, so as to arrive at a mutual agreement at the earliest. The announcement was made after market hours yesterday, 17 May 2017.

Powered by Capital Market - Live News

Tata Steel in focus after announcing Q4 results
May 17,2017

Tata Steel reported consolidated net loss of Rs 1168.02 crore in Q4 March 2017, compared with net loss of Rs 3041.88 crore in Q4 March 2016. Net sales rose 29.6% to Rs 33424.09 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 16 May 2017.

Wipro announced that it has developed nine blockchain-based solutions for the banking financial services and insurance (BFSI), manufacturing, retail and consumer goods industries. The announcement was made before market hours today, 17 May 2017.

Kotak Mahindra Bank (KMBL) said that the securities issuance committee of the board at its meeting held on 16 May 2017, passed resolution approving the closure of the qualified institutions placement (QIP) of 6.20 crore equity shares on 16 May 2017. The committee approved the issue price of Rs 936 per share against the floor price of Rs 913.24 per share. The issue had opened on 11 May 2017. The announcement was made after market hours yesterday, 16 May 2017.

Lupin launched Cialis (tadalafil), an oral PDE5 inhibitor, for the treatment of erectile dysfunction (ED) in adult males. Cialis was shown to improve erectile function compared to placebo upto 36 hours following dosing. The product is currently marketed in over 100 countries. The announcement was made after market hours yesterday, 16 May 2017.

Lupin has acquired the rights to market, promote and distribute Lillys erectile dysfunction (ED) product, Cialis through its specialty field force while Lilly will be responsible for manufacturing and importing the product. The PDE5 market in India is valued at around Rs 390 crore of which Tadalafil contributes around 23%.

Shree Cements net profit fell 54.07% to Rs 304.51 crore on 4.04% rise in total income to Rs 2834.44 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Shree Cement recommended final dividend of Rs 24 per equity share for the year ended 31 March 2017.

Orient Paper & Industries net profit rose 3.52% to Rs 48.38 crore on 7.98% rise in net total income from operations to Rs 687.70 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Whirlpool of Indias net profit rose 7.36% to Rs 74.38 crore on 19.06% rise in total income to Rs 1131.10 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Powered by Capital Market - Live News

Infosys in focus after MauBank adopts Finacle solution
May 16,2017

Infosys will be watched. Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and MauBank, a leading bank in the Republic of Mauritius announced the banks successful adoption of Finacles leasing solution for its strategic leasing services business. The announcement was made after market hours yesterday, 15 May 2017.

Yes Bank announced the appointment of Debjani Ghosh as an additional (non executive) director on the board of the bank with effect from 15 May 2017. The shareholders of the bank would consider the appointment of Debjani Ghosh as an independent director on the board in the ensuing Annual General Meeting (AGM) of the bank scheduled on 6 June 2017. The announcement was made after market hours yesterday, 15 May 2017.

Skippers net profit rose 46.15% to Rs 52.78 crore on 10.11% rise in total revenue to Rs 584.55 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 15 May 2017.

Skipper recommended a dividend of Rs 1.55 per equity share for the financial year ended 31 March 2017 (FY 2017),

Websol Energy System said that it has received on due certificate from ARCIL on payment of the entire settlement amount. The announcement was made after market hours yesterday, 15 May 2017.

Future Lifestyle Fashions net profit jumped 262.64% to Rs 18.93 crore on 16.18% rise in total income from operations to Rs 987.73 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 15 May 2017.

The board has recommended a dividend of Rs 0.80 per equity share for the financial year ended 31 March 2017 (FY 2017).

Gujarat State Fertilizers and Chemicals said that ammonia-IV plant of the company shall be under annual planned shutdown from 16 May 2017 to 13 June 2017. As a result of this, the production of urea plants shall also stand reduced. This planned shutdown basically would take care of all the jobs related to system cleaning, preventive maintenance and statutory testing. The s plant would come back into the mainstream from 14th June 2017. There will be no major impact on production due to the said shutdown. The announcement was made after market hours yesterday, 15 May 2017.

Powered by Capital Market - Live News