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Stanrose Mafatlal Investment & Finance director resigns
Nov 17,2016

Stanrose Mafatlal Investment & Finance announced that F. M. Pardiwalla, an Independent Non-Executive Director of the Company, has tendered his resignation from the said post. The Company received his letter of resignation on 17 November 2016.

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Speciality Restaurants provides business update
Nov 17,2016

Speciality Restaurants has re-launched its existing restaurant under new brand Asia Kitchen & Bar located at Sakinaka Junction, Andheri Kurla Road, Sakinaka, Andheri East, Mumbai - 400072 with effect from 10 November 2016.

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Chandni Textiles Engineering Industries fixes record date for consolidation of equity shares
Nov 17,2016

Chandni Textiles Engineering Industries announced that the Record Date for Consolidation of Shares of 10 Equity Shares of face value of Rs. 1/- each to 1 Equity share of face value of Rs. 10/- each is fixed as 09 December 2016.

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Kavit Industries announces resignation of company secretary and compliance officer
Nov 17,2016

Kavit Industries announced that Yogendra Parmar, Compliance Officer and Company Secretary of the Company has resigned from the Company due to his pre-occupation, vide his letter dated 16 November 2016.

Further the Company has informed that, the meeting of Board of Directors is scheduled to be held on 21 November 2016 for considering the aforesaid resignation of Company Secretary. If Board finds the Obligations & responsibility of the Company Secretary in order then Yogendra Parmar will cease to be Compliance Officer and Company Secretary with effect from closing hours of 21 November 2016.

In the interim, till appointment of the new incumbent, Jayesh Thakkar, Managing Director of the Company will act as the Compliance Officer of Company.

The recruitment process of Company Secretary and Compliance Officer by the Company in process.

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Nava Bharat Ventures tanks after posting dismal Q2 numbers
Nov 17,2016

The result was announced during market hours today, 17 November 2016.

Meanwhile, the BSE Sensex was down 107.59 points, or -0.48%, to 26,172.95.

On BSE, so far 2.35 lakh shares were traded in the counter, compared with average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 123.55 and a low of Rs 104.45 so far during the day.

The mid-cap company has equity capital of Rs 35.72 crore. Face value per share is Rs 2.

Nava Bharat Ventures (NBV) is a diversified organization with interests in power generation, ferro alloys, mining and agri-business. The company is in business for nearly four decades and operates in different geographies spanning across India and Africa.

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Delta Corp spurts on bargain hunting
Nov 17,2016

Meanwhile, the S&P BSE Sensex was down 92.35 points, or 0.35%, to 26,206.34

On BSE, so far 12.22 lakh shares were traded in the counter, compared with an average daily volume of 12.59 lakh shares in the past one quarter. The stock hit a high of Rs 111.40 and a low of Rs 101.05 so far during the day. The stock hit a record high of Rs 195.20 on 26 October 2016. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock underperformed the market over the past 30 days till 16 November 2016, sliding 38.48% compared with the Sensexs 6.25% fall. The scrip also underperformed the market in past one quarter, declining 26.81% as against the Sensexs 6.49% decline.

The small-cap company has an equity capital of Rs 23.09 crore. Face value per share is Re 1.

Delta Corps consolidated net profit surged 680.87% to of Rs 32.25 crore on 44.55% rise in total income to Rs 135.62 crore in Q2 September 2016 over Q2 September 2015.

Delta Corp holds three offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa n++ Deltin Suites, Deltin Palms and Villa Marina by Deltin.

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Gartner Says India Software Market to Grow 12.8 Percent in 2017
Nov 17,2016

India software revenue is forecast to total $5.8 billion in 2017, a 12.8 percent increase from 2016 estimates of $5.2 billion, according to Gartner, Inc. This is in comparison to Gartners forecast for 2017 global spending for enterprise software will be $357 billion in constant U.S. dollars, with growth of 7.2 percent over 2016.

Emerging digital business strategies are changing enterprise organizations buying behaviors in India and accelerating the demand for technology innovations and outcome-based solutions, said Bhavish Sood, research director at Gartner. New ways of monetizing the value being delivered, such as revenue-sharing models, are also evolving.

The computer software and hardware vertical had a foreign direct investment (FDI) inflow of $5.9 billion during the period from April 2015 to March 2016. This is an increase of nearly 150 percent, compared to the same period last year. Gartner expects these investments to gather further momentum toward the end of 2016. Make in India is set to boost the manufacturing sector, as well as make it easier to attract investment, and Digital India is focused on creating digital infrastructure, digital delivery of services and increased digital literacy.

Infrastructure software spending in India is projected to surpass $3.4 billion in 2017, a 10.2 percent increase from 2016. Enterprise application software spending is forecast to grow 16.8 percent in 2017.

Indian CEOs want IT to move from the back-office to driving revenue. Aggressive digital business strategies are putting pressure on CIOs to have a direct impact in business outcomes like growth, customer experience and profitability. CIOs are being asked to increase the business value that IT is able to deliver, and equally important, to quantify it, said Mr. Sood. The CEO and business management wants IT to move from a predominantly back-office focus to become a front-office centric organization that directly impacts business outcomes like growth, customer experience and profitability. This is often in the context of an aggressive digital business strategy within a growing number of enterprises.

At Goa this is the year of the focus is on the execution or implementation of digital business strategy, along a journey that has been four years in the making. Starting with the Nexus of Forces at Symposium four years ago - the foundation for todays digital business - we move to a strong focus on the how of putting a digital business together in this years Symposium.

Key elements of enabling infrastructure like the digital business platform will be unveiled this year, which will enable CIOs to create the right foundation to support the business agility required in a rapidly evolving digital business environment.

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Gujarat Borosil drops on equity dilution concerns
Nov 17,2016

The announcement was made during market hours today, 17 November 2016.

Meanwhile, the S&P BSE Sensex was up 46.41 points or 0.18% at 26,345.10.

On BSE, so far 46.257 shares were traded in the counter as against average daily volume of 78,333 shares in the past one quarter. The stock hit a high of Rs 87 and a low of Rs 80 so far during the day. The stock had hit a record high of Rs 120 on 24 October 2016. The stock had hit a 52-week low of Rs 41.60 on 19 November 2015. The stock outperformed the market over the past one month till 16 November 2016, gaining 4.51% compared with the Sensexs 4.97% fall. The scrip also outperformed the market in past one quarter, gaining 5.42% as against the Sensexs 6.29% decline.

The small-cap company has equity capital of Rs 34.10 crore. Face value per share is Rs 5.

Gujarat Borosil announced that the board of directors at a meeting held today, 17 November 2016, decided to obtain enabling approvals, from the shareholders for raising of funds by way of issue of equity shares including convertible bonds/debentures through qualified institutional placements (QIP) and/or any other modes upto Rs 250 crore, through postal ballot process.

Separately, Gujarat Borosils net profit rose 23.1% to Rs 1.63 crore on 4.84% rise in total income from operations to Rs 45.85 crore in Q2 September 2016 over Q2 September 2015.

Gujarat Borosil (GBL) was promoted by Borosil Glass Works manufacturer of well known and household n++BOROSILn++ range of labware, scientificware and consumerware products to setup its most modern sheet glass plant at Govali, Dist. Bharuch (Gujarat) in 1994. GBL has set up a new facility in March 2010 to manufacture for the first time in country low Iron solar glass for application in photovoltaic panels, flat plate collectors and green houses.

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Outcome of board meeting of Gujarat Borosil
Nov 17,2016

Gujarat Borosil announced that the Board has at its meeting held on 17 November 2016, inter alia, decided to obtain enabling approvals, from the shareholders inter alia, for raising of funds by way of issue of equity shares including Convertible Bonds / Debentures through Qualified Institutional Placements (QIP) and / or any other modes upto Rs. 250 crore, through postal ballot process.

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Vasundhara Rasayans appoints company secretary
Nov 17,2016

Vasundhara Rasayans announced that the appointment of Siddhartha Agarwal as a Whole time Company Secretary with effect from 11 November 2016.

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Sujana Metal Products renamed as Splendid Metal Products
Nov 17,2016

Sujana Metal Products announced that the Registrar of Companies Andhra Pradesh & Telangana, has approved the name change of the Company from n++Sujana Metal Productsn++ to n++Splendid Metal Productsn++ w.e.f. 16 November 2016.

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Concor extends slide post weak Q2 result
Nov 17,2016

Meanwhile, the S&P BSE Sensex was up 46.41 points or 0.18% at 26,345.10.

On BSE, so far 4,413 shares were traded in the counter as against average daily volume of 16,218 shares in the past one quarter. The stock hit a high of Rs 1,300 and a low of Rs 1,247.85 so far during the day. The stock had hit a 52-week high of Rs 1,544 on 3 August 2016. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock outperformed the market over the past one month till 16 November 2016, dropping 4.07% compared with the Sensexs 4.97% fall. The scrip however underperformed the market in past one quarter, declining 8.05% as against the Sensexs 6.29% decline.

The large-cap company has equity capital of Rs 194.97 crore. Face value per share is Rs 10.

Shares of Container Corporation of India dropped 1.36% to Rs 1,287.30 yesterday, 16 November 2016 after company reported 31.87% decline in net profit to Rs 157.84 crore on 8.38% decline in total income to Rs 1454.88 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Tuesday, 15 November 2016.

Container Corporation of India (Concor) provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 56.79% stake in Concor (as per the shareholding pattern as on 30 September 2016).

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Concor extends slide post announcement of weak Q2 result
Nov 17,2016

Meanwhile, the S&P BSE Sensex was up 46.41 points or 0.18% at 26,345.10.

On BSE, so far 4,413 shares were traded in the counter as against average daily volume of 16,218 shares in the past one quarter. The stock hit a high of Rs 1,300 and a low of Rs 1,247.85 so far during the day. The stock had hit a 52-week high of Rs 1,544 on 3 August 2016. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock outperformed the market over the past one month till 16 November 2016, dropping 4.07% compared with the Sensexs 4.97% fall. The scrip however underperformed the market in past one quarter, declining 8.05% as against the Sensexs 6.29% decline.

The large-cap company has equity capital of Rs 194.97 crore. Face value per share is Rs 10.

Shares of Container Corporation of India dropped 1.36% to Rs 1,287.30 yesterday, 16 November 2016 after company reported 31.87% decline in net profit to Rs 157.84 crore on 8.38% decline in total income to Rs 1454.88 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Tuesday, 15 November 2016.

Container Corporation of India (Concor) provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 56.79% stake in Concor (as per the shareholding pattern as on 30 September 2016).

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Cooperatives can Play a Very Important Role in Creating Job Opportunities in Rural Areas: Radha Mohan Singh
Nov 17,2016

The Union Agriculture and Farmers Welfare Minister, Shri Radha Mohan Singh has said that cooperatives can play a paramount role in creating employment opportunities in rural areas. .Cooperatives related to dairy have proved this while creating employment opportunities in plenty. Shri Radha Mohan Singh said that cooperatives have made themselves prominent in every walk of life and through the vast network of cooperatives about 100 million people have benefitted with opportunities of employment throughout the world. The Minister of Agriculture was speaking at a conference of the 12th International Cooperative Alliance (ICA) - Asia Pacific Regional Assembly and 9th Cooperative Forum.

The Minister added that the Government of India has launched a number of schemes of paramount importance under the guidance of Honble Prime Minister, Shri Narendra Modi. Shri Singh said that cooperatives can play a vital role in implementing schemes such as Toilets in Schools, Jan Dhan Yojana, Swachh Bharat Abhiyan, Pradhan Mantri Krishi Sinchai Yojana, Make in India, Soil Health Card because it has large network spread in the remotest areas as well as in villages. The Minister further said that government has put a strong thrust on the creation of employment opportunities related to skills. As nearly 65% population of the country is below 38. Keeping in view this sort of scenario the cooperatives can play a very important role in creating the opportunities of employment as well as access to rural areas.

Shri Singh opined that ICA Asia Pacific Regional Assembly has sustained development for all, which is very much consistent with present perspective. This corresponds to the sustainable development agenda 2030 of the United Nations which has put a special thrust on reaching the target of sustainable development comprised of poverty abolition, health services, employment creation and check on climate change.

Shri Radha Mohan Singh further said that there are more than 6 lakh cooperatives in the country. The membership of them has gone up as the 2491.20 million. These cooperatives have made the cooperative movement as the largest movement in the world. These cooperatives are working in the regime of fertilizers delivery, sugar production, handlooms as well as retail sector. The cooperatives sector imparts self employment to 17.80 million people and cooperatives related to fisheries, labour, handlooms and gender cooperatives have played very important role in bringing improvement in social economic condition of the weaker sections of the society. The cooperatives related to dairy sector have made the country self dependent by realizing n++White Revolutionn++. Housing cooperatives have provided facilities of accommodation to the weaker section of the society at reasonable price.

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Ashoka Buildcon provides update on project SPV - Ashoka Highways (Durg)
Nov 17,2016

Ashoka Buildcon announced that one of its Project SPVs viz. Ashoka Highways (Durg) (SPV) has issued Non-Convertible Debentures (NCDs) of Rs. 200 crore to IDFC Infra Debt, as a part of refinancing. The NCDs will carry Coupon rate @ 9.40% per annum. The SPV has re-paid the rupee term of Rs. 200 Cr. loan carrying interest cost @ 9.90% per annum.

Post issue of NCDs, the average interest cost has been reduced to 9.62% per annum resulting in saving of interest cost @ 0.28% per annum.

Further the Company has informed that, the SPV executes the Project viz. to carry on the business of construction, operation, maintenance of End of Durg Bypass - Chattisgarh/Maharashtra Border, Section from KM 322.4 to KM 405.0 of NH - 6 in the State of Chattisgarh under NHDP Phase IIIA on Build, Operate and Transfer (BOT) basis.

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