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BPCL may gain as board recommends 1:1 bonus issue
May 27,2016

BPCLs net profit fell 10.64% to Rs 2549.08 crore on 13.55% decline in total income to Rs 44891.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 26 May 2016. The average gross refining margin (GRM) for Q4 March 2016 fell to $6.30 per barrel from $ 7.85 per barrel in Q4 March 2015. BPCL said that the board of directors recommended 1:1 bonus issue. The company has fixed 11 July 2016 as the record date for the bonus issue.

State-run ONGCs net profit rose 12.22% to Rs 4416.11 crore on 15.42% decline in total income to Rs 19776.70 crore in Q4 March 2016 over Q4 March 2015. The result was announced at the fag end of the trading session yesterday, 26 May 2016.

ONGCs net profit fell 9.75% to Rs 16003.65 crore on 4.14% decline in total income to Rs 84584.99 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

In terms of the decision of the Government of India, the company shared under-recoveries of oil marketing companies (OMCs) amounting to Rs 1096 crore for the year ended March 2016 (FY 2016) by allowing discount in the prices of crude oil based on the rates of discount communicated by Petroleum Planning and Analysis Cell (PPAC). The discount was sharply lower than Rs 36300 crore in the year ended 31 March 2015 (FY 2015). The impact on net profit was Rs 607 crore in FY 2016 as compared to Rs 20437 crore in FY 2015.

ONGCs consolidated net profit fell 22.96% to Rs 14123.80 crore on 16.63% decline in total income to Rs 139364.35 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

NTPC said that it has decided to raise Rs 1072.50 crore through private placement of secured non-convertible debentures at a coupon of 8.10% per annum. with a door to door maturity of 15 years today, 27 May 2016. The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred. NTPC also informed that it has opened Pakri-Barwadih coal mining project (Western Pit).

Bharat Heavy Electricals (Bhel) and State Bank of India (SBI) will announce Q4 results today, 27 May 2016.

Power Grid Corporation of Indias net profit rose 13.2% to Rs 1599.05 crore on 21.42% rise in total income to Rs 5961.49 crore in Q4 March 2016 over Q4 March 2015. The result was announced after marke hours yesterday, 26 May 2016.

Sun Pharmaceutical Industries announced after market hours yesterday, 26 May 2016 that the parties have terminated the umbrella agreement as well as the transaction agreements executed between Daiichi Sankyo Company, Daiichi Sankyo (Thailand). Ranbaxy, Ranbaxy (Netherlands) B.V., Ranbaxy UNICHEM Company, Ranbaxy (Thailand) Company due to divestment of Ranbaxy by Daiichi Sankyo Company.

The parties had entered into a Termination Agreement on 26 May 2016 and agreed that the umbrella agreement as well as the executed transaction agreements will be terminated with effect as of the closing date, subject to the condition precedent of the occurrence of certain closing conditions as mutually agreed between the parties. Further, there is no material impact of such termination on either standalone or consolidated operations/ financial operations on Sun Pharma. Additionally, the termination agreement does not apply to, or have an impact upon, other business relationship that the parties to the termination agreement may have in force.

Jet Airways (India) posted a net profit of Rs 397.16 crore in Q4 March 2016 as compared to net loss of Rs 1728.99 crore in Q4 March 2015. Total income increased 3.04% to Rs 5451.28 crore in Q4 March 2016 over in Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Neyveli Lignite Corporations net profit declined 34.06% to Rs 446.24 crore on 5.68% rise in total income to Rs 1964.58 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Natco Pharmas consolidated net profit rose 10.65% to Rs 60.24 crore on 100.23% rise in total income to Rs 408.47 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

FDCs net profit rose 12.83% to Rs 38.24 crore on 14.69% rise in total income to Rs 248.29 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

HealthCare Global Enterprises consolidated net profit surged 11950% to Rs 4.82 crore on 16.32% rise in total income from operations (net) to Rs 153.75 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Cosmo Films said that Cosmo Films ESOP 2015 Trust has acquired 33,396 shares of the company by market purchases during the period from 24 May 2016 to 26 May 2016. The announcement was made after market hours yesterday, 26 May 2016.

D B Corp will be in focus. The Reserve Bank of India has notified yesterday, 26 May 2016 that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from 20% to 26% of the paid up capital of D B Corp under the Portfolio Investment Scheme (PIS). The total foreign investment in the company from all sources i.e. Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Foreign Direct Investment (FDI)/Persons of Indian Origin (PIO)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) shall not exceed 26% of the paid up capital of the company. The Reserve Bank further advised that the foreign share holding by FII/RFPI/ NRI/FDI/PIO/ADR/GDR in D.B. Corp have gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors level, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures. The purchases could be made through primary market and stock exchanges.

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L&T may gain after announcing good Q4 results
May 26,2016

L&T after market hours yesterday, 25 May 2016 reported 18.55% rise in consolidated net profit to Rs 2453.64 crore on 17.88% rise in total income to Rs 33375.26 crore in Q4 March 2016 over Q4 March 2015.

The order inflow during Q4 March 2016 was Rs 43334 crore of which one third constituted international orders, L&T said. The order intake of L&Ts infrastructure division rose just 3% at Rs 29103 crore in Q4 March 2016 over Q4 March 2015. The order intake of its hydrocarbon divsion rose sharply to Rs 4963 crore in Q4 March 2016 from Rs 699 crore in Q4 March 2015.

L&Ts order book stood at Rs 249949 crore as at 31 March 2016, higher by 7% on year-on-year basis. International order book constituted 28% of the total order book.

The companys consolidated net profit rose 6.83% to to Rs 5090.53 crore on 11.53% rise in total income to Rs 103814.72 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

L&T garnered fresh orders worth Rs 136858 crore at consolidated in the year ended 31 March 2016. The international orders during the year at Rs 43956 crore constitute 32% of the total order inflow, L&T said. 62% of the total order inflow during the year was secured by the infrastructure segment, the company said in a statement.

In its outlook, L&T said that the domestic market continues to hold promise for revival of growth. Private sector and industrial capex is likely to take time to revive as investment sentiment is weak. Execution conditions remain challenging, mainly due to the limitation of the projects /clients to raise finances and slower clearances for land and environment. Banking system was stretched in corporate lending.

Growth momentum in the infrastructure segment rests mainly on the government initiatives in the core infrastructure such as Transportation, Power T&D, defence, smart cities and water projects.

On the international front, Asia, Middle East and Africa are seeking investment led growth. Global slowdown of under utilized capacities amongst EPC players have created opportunities for project implementation at competitive cost. Priority projects will receive Government sponsorship and multilateral funding.

Meanwhile, the company continues emphasis on operational efficiencies, faster execution of projects on hand and reduced working capital levels. Given track record, diversified portfolio and healthy order book, the company is focusing on profitable execution and is confident of growth in the near to medium term by leveraging presence in both the domestic and international segments.

Tata Steel reported consolidated net loss of Rs 3213.76 crore in Q4 March 2016 compared with consolidated net loss of Rs 5674.29 crore in Q4 March 2015. Total income fell 12.33% to Rs 29636.69 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 25 May 2016

Tata Steel announced the start of commercial production at the 3 million tonnes per annum (MTPA) Kalinganagar steel plant. The stabilisation process is currently underway. The facility will produce flat steel for high end applications enabling the company to expand its product portfolio in the ship building, defence equipment, energy & power, infrastructure, and aviation sectors. Itwill also consolidate Tata Steels leadership position in the domestic automotive segment.

BPCL announces Q4 results today, 26 May 2016.

Coal India after market hours yesterday, 25 May 2016 said that registration requirements, schedule of dates for submitting applications and other details will be available from 26 May 2016 for auction for sponge iron sub-sector, followed by other sectors. It may be recalled that the Ministry of Coal had on 15 February 2016 issued policy guidelines and directed Coal India to conduct auction of coal linkages for the non-regulated sector.

GAIL (India) after market hours yesterday, 25 May 2016 reported 50.75% rise in net profit to Rs 769.99 crore on 17.73% fall in total income to Rs 11952.82 crore in Q4 March 2016 over Q4 March 2015.

The increase in net profit during Q4 March 2016 was mainly due to increase in natural gas sales and transmission volumes. Revenues from natural gas transmission business increased by 11% to Rs 1028 crore in Q4 March 2016 over Q4 March 2015.

Natural gas sales rose 8% to 74.41 MMSCMD in Q4 March 2016 over Q4 March 2015. Natural gas transmission rose 11% to 95.31 MMSCMD in Q4 March 2016 over Q4 March 2015.

National Aluminium Company (Nalco) said that the companys board of directors has unanimously approved the alteration of articles of association of the company to empower the company to buyback its shares. The companys board approved the proposal to buyback of not exceeding 64.43 crore equity shares of the company (representing 25% of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 44 per share for an aggregate consideration not exceeding Rs 2834.96 crore from all the equity shareholders of the company, as on the record date, on a proportionate basis through a tender offer route. The board of directors noted the intention of the promoter of the company to participate in the proposed buyback.

Housing Development and Infrastructure (HDIL) said that the company proposes to consider issue of warrants to promoter(s) as per provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time in its board meeting scheduled to be held on 28 May 2016. The announcement was made after market hours yesterday, 25 May 2016.

Oil & gas stocks will be in focus. The Ministry of Petroleum and Natural Gas yesterday, 25 May 2016, announced the commencement of the process for auction of small oil and gas blocks. The government will auction 46 contract areas consisting of 67 different small fields for exploration and production. These small blocks have 625 million barrels of oil and oil equivalent gas (O+OEG) in-place volumes spread over 1,500 square kilometers in Onland, Shallow water and Deepwater areas. These oil and gas blocks are being auctioned under the new Hydrocarbon Exploration and Licensing Policy (HELP) and a new fiscal model based on revenue sharing contract. Single license for exploring all forms of hydrocarbons, graded system of royalty rates, pricing and marketing freedom for crude oil and natural gas are some of the highlights of HELP.

Yes Bank will be in focus. The Cabinet Committee on Economic Affairs (CCEA) has cleared the banks proposal for increase in foreign investment limit in the banks equity capital to 74% from 41.87% without any sub-limits. The announcement hit the market after trading hours. In late April 2016, the Reserve Bank of India (RBI) had raised the ceiling on investment in the banks equity capital by foreign institutional investors to 60% from 49% after the banks board of directors and shareholders approved the proposal. The RBI had at time capped total foreign holding in the bank from all sources at 60%.

National Buildings Construction Corporation (NBCC) will be in focus. The Union Cabinet, chaired by the Prime Minister Narendra Modi yesterday, 25 May 2016 has given its approval for financial restructuring of Hindustan Steel Works Construction (HSCL) and approved its takeover by NBCC.

Under the proposal, the Government of India Non Plan Loan and Plan Loan along with accumulated interest thereon and outstanding guarantee fee worth Rs 1502.2 crore will be converted into equity and equity capital of the company will be raised to that extent. The paid up equity capital of the company will become Rs 1619.3 crore. Against this, the accumulated losses of Rs 1585 crore, as on 31 March 2015, will set off. After writing off of the accumulated losses, the equity and paid up capital of HSCL will become Rs 34.3 crore. NBCC will infuse funds of Rs 35.7 crore as equity into HSCL. HSCL will become subsidiary of NBCC with NBCC holding 51% equity holding. The shareholding of Government of India in HSCL will be reduced to 49%. The equity and paid up capital of HSCL will become Rs 70 crore.

NBCC and HSCL are Government of India enterprises with similar lines of business activities. The decision will benefit in economies of scale for NBCC and would assist in better manpower utilization. NBCC and HSCL will benefit from each others resources and expertise. HSCL will be able to fulfill its commitments of execution of projects and the orders.

Government of India will provide one-time support of Rs 200 crore for settling term loans availed from commercial banks. It will also bear the contingent liability of Rs 110 crore (approximately) as decided by the Supreme Court in compensation for VRS liabilities. In addition, Government of India will also pay the outstanding interest on the bank loans for the financial year 2015-16 amounting to Rs 44 crore approximately (till 31 March 2016) and the amount of interest up to the date of takeover of HSCL by NBCC.

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Tech Mahindra may gain after announcing strong Q4 results
May 25,2016

Tech Mahindras consolidated net profit rose 18.15% to Rs 897 crore on 2.72% rise in revenue from services to Rs 6883.70 crore in Q4 March 2016 over Q3 December 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 2.2% to Rs 1161.30 crore in Q4 March 2016 over Q3 December 2015. The EBITDA margin dropped to 16.87% in Q4 March 2016 from 16.95% in Q3 December 2015. The result was announced after market hours yesterday, 24 May 2016.

Meanwhile, the company has dropped its plan to set up a payments bank. The company had received in-principle approval from the Reserve Bank of India in August 2015 for setting up a payments bank.

Bajaj Auto, GAIL (India), Tata Steel and L&T will announce Q4 results today, 25 May 2016.

Axis Bank said that the bank has incorporated a company, A.Treds, which is registered with the Ministry of Corporate Affairs, Registrar of Companies, Mumbai, on 23 May 2016. A.Treds is incorporated as a subsidiary company of the bank, Axis Bank. A.Treds will be engaged in undertaking the business of setting up and operating a trade receivables discounting system, as per the in-principal approval received from the Reserve Bank of India. The announcement was made after market hours yesterday, 24 May 2016.

On 17 March 2016, Bharti Airtel (Airtel) and Videocon Telecommunications (VTL) entered into a definitive agreement, wherein, Airtel proposed to acquire, for an aggregate consideration of Rs 4428 crore, the rights to use 2 x 5 MHz spectrum in the 1800 MHz band allotted to VTL by the Government of India for six circles - Bihar, Gujarat, Haryana, Madhya Pradesh , UP (East) and UP (West). The proposed transaction has been successfully concluded on 24 May 2016 following all necessary approvals and the satisfaction of all the conditions (including conditions stated in the Spectrum Trading Guidelines), the two companies said in a joint statement after market hours yesterday, 24 May 2016.

Ciplas consolidated net profit fell 68.85% to Rs 80.87 crore on 5.62% growth in total income from operations (net) to Rs 3266.54 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 24 May 2016. The companys earnings before interest, taxation, depreciation and amortization (EBITDA) declined 56.9% to Rs 219 crore in Q4 March 2016 over Q4 March 2015.

Bajaj Finservs consolidated net profit fell 26.75% to Rs 517.95 crore on 6.7% growth in total income from operations (net) to Rs 2567.03 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 24 May 2016.

Bank of India posted a net loss of Rs 3587.09 crore in Q4 March 2016, higher than net loss of Rs 56.14 crore in Q4 March 2015. Total income fell 7.34% to Rs 11384.91 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 24 May 2016.

The banks gross non-performing assets (NPAs) stood at Rs 49879.13 crore as on 31 March 2016 as against Rs 36519.14 crore as on 31 December 2015 and Rs 22193.24 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 13.07% as on 31 March 2016 as against 9.18% as on 31 December 2015 and 5.39% as on 31 March 2015. The ratio of net NPAs to net advances stood at 7.79% as on 31 March 2016 as against 5.25% as on 31 December 2015 and 3.36% as on 31 March 2015.

Mercator said that the board of directors of the company will also consider various fund raising options, including issue of equity shares/ preference shares and/or any other securities convertible in to equity shares, or carrying a right to subscribe to equity shares; or non-convertible securities; whether in India and/or in abroad along with results on 27 May 2016.

Amara Raja Batteries net profit rose 6.19% to Rs 108.60 crore on 9.56% rise in total income to Rs 1179.39 crore in Q4 March 2016 over Q4 March 2015. The result was announced before market hours today, 25 May 2016.

PI Industries net profit jumped 57.99% to Rs 95.30 crore on 8.56% rise in total income to Rs 591.76 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 24 May 2016.

Gujarat State Fertilizers & Chemicals net profit dropped 49.5% to Rs 32.57 crore on 30.2% rise in total income to Rs 1715.30 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 24 May 2016.

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Tata Power in spotlight after Q4 results
May 24,2016

Tata Power Companys (Tata Power) consolidated net profit rose 126% to Rs 360 crore on 17% growth in revenue to Rs 9626 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

Tata Power said that the company aims to increase the share of non-fossil fuel based power generation output to 30-40% by 2025, up from its earlier target of 20%.

Cipla and Tech Mahindra are scheduled to announce their Q4 March 2016 results today, 24 May 2016.

TCS announced the release of a new module for its Digital Software & Solutions (DS&S) Groups Customer Insights & Intelligence (CI&I) Solution for retail banks. The new software release features an operational analytics module that enables retail banks to understand in real-time how the product fulfillment process for consumer banking operations impacts multiple departmental touch points, and provides recommendations on operational processes to better serve their customers, TCS said in a statement. The companys CI&I Solution for retail banks features a unified set of data models and out-of-the-box KPIs that address key business issues relevant to the banking industry, TCS said in a statement. The announcement was made after market hours yesterday, 23 May 2016.

Novartis India said that the companys board of directors will also 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 along with the Q4 March 2016 result on 26 May 2016. The announcement was made after market hours yesterday, 23 May 2016.

Chennai Petroleum Corporations net profit dropped 27.14% to Rs 265.59 crore on 33.48% growth in total income from operations (net) to Rs 5869.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

National Fertilizers reported net profit of Rs 31.44 crore in Q4 March 2016 compared with net loss of Rs 100.57 crore in Q4 March 2015. The companys total income from operations rose 5.48% to Rs 1641.68 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

Kewal Kiran Clothings net profit rose 1.77% to Rs 21.79 crore on 20.91% growth in total income from operations to Rs 126.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

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Britannia Industries may gain after reporting good Q4 results
May 23,2016

Britannia Industries consolidated net profit rose 13.73% to Rs 190.23 crore on 6.87% rise in total income to Rs 2235.68 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016. The revenue growth was impacted due to phasing out of excise duty incentives available to the company.

Reliance Communications (Rcom) announced on Saturday, 21 May 2016 that, based on the substantial further progress made, RCcom, Maxis Communications Berhad (MCB) and Sindya Securities and Investments (Sindya) have mutually extended the exclusivity period between RCom and MCB and Sindya, with the shareholders of Aircel (Aircel), by 30 days to 22 June 2016, to consider the potential combination of the Indian wireless business of RCcom and Aircel and mutually derive the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement.

The discussions, though at advanced stage, are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders and other third party approvals. Hence, there is no certainty that any transaction will result.

Tata Power Company will announce Q4 results today, 23 May 2016.

Balrampur Chini Mills net profit rose 30.28% to Rs 98.78 crore on 17.08% rise in total income to Rs 777.19 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

Kothari Products net profit fell 9.92% to Rs 8.17 crore on 0.92% decline in net total income from operations to Rs 1402.09 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

CESC announced that the company has won the bids floated by Jaipur Vidyut Vitaran Nigam (JVVNL) and have been appointed by JVVNL as distribution franchisees for the cities of Kota and Bharatpur in the state of Rajasthan for distribution and supply of electricity for a term of twenty years each. The announcement was made after market hours on Friday, 20 May 2016.

Shares of Multi Commodity Exchange of India (MCX) may edge higher after the Reserve Bank of India (RBI) removed the restrictions placed on purchase of the companys shares by foreign institutional investors (FIIs) with immediate effect. The RBI after trading hours on Friday, 20 May 2016, said that the aggregate shareholding of FIIs in MCX has gone below the prescribed threshold caution limit stipulated as per the current FDI policy.

Ruchi Soya Industries said on Sunday, 22 May 2016 that the company has disposed off its entire stake in the joint venture company namely, Ruchi Kagome Foods India at a consideration of Rs 63 crore and has entered into termination agreement and share purchase agreement with Kagome Co. and others, on 20 May 2016, resulting into termination of joint venture arrangement with the parties thereto.

Country Club Hospitality & Holidays announced on Saturday, 21 May 2016 that the company has started a new venture as Country Club Wellness World at Delhi. Country Clubs massive network includes over 25 fitness centres in India, Middle East, Malaysia and over 50 clubs, resorts and hotels in India, Middle East, Malaysia, Singapore, Bangkok and Sri Lanka.

Just Dials net profit fell 25.08% to Rs 35.33 crore on 6.34% rise in total income to Rs 195.15 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 21 May 2016.

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ITC in focus ahead of Q4 results
May 20,2016

Cigarette major ITC is scheduled to announce its Q4 March 2016 results today, 20 May 2016.

Wipro announced that Designit, a global strategic design firm and part of the company announced the opening of its US headquarters in the heart of New Yorks Union Square. The new office will serve as a global center for Designits product-service innovation and experience-driven design services. Wipro also announced that it has joined the partnership for New York City to mark Designits entry into the city and commitment to growing New York as a center of innovation, particularly in design and technology. The announcement was made after market hours yesterday, 19 May 2016.

Maruti Suzuki India (MSIL) announced that it will undertake a service campaign to inspect fault and replace a brake part in 20,427 units of S-Cross. These vehicles were manufactured between 20 April 2015 and 12 February 2016. This service campaign applies to both the variants of S-Cross, MSIL said. The inspection and replacement will be done free of cost for the customers, it added. The announcement was made after market hours yesterday, 19 May 2016.

Esab India reported a net profit of Rs 9.37 crore in the quarter ended 31 March 2016 compared with net loss of Rs 1.38 crore in the quarter ended 31 March 2015. Net total income from operations rose 7.56% to Rs 114.65 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 19 May 2016.

Gujarat State Petronets net profit rose 48.6% to Rs 99.70 crore on 2.1% decline in total income to Rs 244.98 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 19 May 2016.

GHCLs net profit rose 54.49% to Rs 78.96 crore on 1.45% rise in net total income from operations to Rs 650.40 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Vaibhav Globals consolidated net profit fell 50% to Rs 8.78 crore on 1.77% decline in net total income from operations to Rs 350.50 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Ajmera Realty & Infra Indias consolidated net profit rose 35.03% to Rs 21.97 crore on 15.23% rise in net total income from operations to Rs 169.23 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Mahindra Lifespace Developers announced that it has launched on 19 May 2016 Phase 3 of its residential project Anthenia in Pimpri, Pune. The announcement was made after market hours yesterday, 19 May 2016.

WABCO Indias net profit rose 88.44% to Rs 57.28 crore on 47.84% rise in net total income from operations to Rs 566.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

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Lupin in focus ahead of Q4 results
May 19,2016

Pharma major Lupin is set to announce its Q4 March 2016 earnings today, 19 May 2016.

TCS announced five-year partnership with Lidingoloppet, the legendary Swedish sports event, widely regarded as the worlds largest cross-country race. Under the terms of the agreement, TCS will become the title sponsor and official technology partner for the event. The announcement was made after market hours yesterday, 18 May 2016.

Wipro announced that Vestas Wind Systems selected the company as its strategic IT partner to provide workplace services. The announcement was made after market hours yesterday, 18 May 2016. Headquartered in Aarhus, Denmark, Vestas is a global energy company that delivers best in class wind energy solutions in over 75 countries.

Axis Bank announced that its board of directors at a meeting held yesterday, 18 May 2016, passed a resolution approving the allotment of two senior notes aggregating to $10 million each, under the MTN programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 18 May 2016.

Coal India (CIL) said that on 17 May 2016, the Competition Appellate Tribunal (Compat) allowed CILs appeal setting aside the orders of the Competition Commission of India (CCI) imposing penalty of Rs 1773 crore in relation to complaints filed by various power and non-power companies on 9 December 2013 against Coal India and three of its subsidiaries alleging misuse of their monopoly to supply poor quality coal and fixing prices. The case has been remitted back to CCl for it to hear the matter again on merits and pass fresh orders. The CCI has been directed to pass this order within two months. The announcement was made after market hours yesterday, 18 May 2016.

The CCI in December 2013 had found Coal India and its three subsidiaries viz. Mahanadi Coalfields, Western Coalfields and South Eastern Coalfields guilty of abusing their dominant position for supplying non-coking coal and having unfair fuel supply contracts.

Shares of Parag Milk Foods debuts on the stock exchanges today, 19 May 2016. The initial public offer (IPO) price for the issue was fixed at Rs 215 per share. The IPO of Parag Milk Foods was subscribed 1.83 times. Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

Unitech may edge lower after the National Stock Exchange (NSE) after trading hours yesterday, 18 May 2016, announced the removal of the stock from its futures & options (F&O) segment. F&O contracts for new expiry months in Unitech will not be issued, NSE said in a circular. The existing unexpired contracts of expiry months May 2016, June 2016 and July 2016 would continue to be available for trading till their respective expiry.

Kirloskar Electric Company announced that the board of directors of the company approved to raise funds by issuing equity shares through qualified institutions placement route for an amount upto Rs 75 crore. The board also approved to increase the limit of holding by foreign entities in the company from 24% to 49%; The announcement was made after market hours yesterday, 18 May 2016.

Dalmia Bharats consolidated net profit jumped 142.93% to Rs 114.86 crore on 47.83% growth in net total income from operations to Rs 1913.26 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.

PTC Indias net profit declined 29.67% to Rs 39.69 crore on 29.47% growth in total income to Rs 3057.66 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.

IFB Industries net profit jumped 325.42% to Rs 5.02 crore on 12.72% rise in net total income from operations to Rs 368.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.

JK Lakshmi Cements net profit spurted 699.66% to Rs 48.38 crore on 29.09% rise in total income to Rs 769.35 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.

JK Lakshmi Cement said that companys steep growth in production and sales along with its relentless efforts to improve efficiency and cutting its operating cost has enabled the company to post profitability of Rs 30.51 crore at profit before tax (PBT) level in Q4 March 2016 after witnessing losses in the previous three quarters. The net profit spurted with the recognition of deferred tax asset in Q4 March 2016. However, the company said that its profitability was affected due to the additional burden of interest and depreciation with the commissioning of the first phase of the greenfield plant at Durg, besides lower prices.

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SBI in spotlight on plans to acquire subsidiary banks
May 18,2016

State Bank of India (SBI) after trading hours yesterday, 17 May 2016, announced that it is seeking in principle sanction of the Government of India (GoI) to enter into negotiation with its 5 subsidiary banks viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore to acquire their businesses including assets and liabilities. The decision is purely exploratory at this stage and there is no certainty in relation to SBI completing the acquisitions, SBI said. SBIs board of directors will take a final call after evaluating all the relevant considerations. SBI also said that it is considering acquisition of Bharatiya Mahila Bank.

Axis Bank has kept its lending rates based on marginal cost of funds unchanged effective from 18 May 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 8.95%, the rate for one month will be 9.05% and for three months it will be 9.25%. The MCLR on 6-month loans will be 9.3% and for one-year loans the rate will be 9.35%, the bank said. MCLR on two-year loans will be 9.45% and for three-year loans the rate will be 9.5%. The announcement was made after market hours yesterday, 17 May 2016.

All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which is the internal benchmark of the concerned bank. Actual lending rates are determined by adding the components of spread to the MCLR.

Punjab National Bank is scheduled to announce its Q4 March 2016 results today, 18 May 2016.

United Bank of lndia reported net loss of Rs 413.04 crore in Q4 March 2016 compared with net profit of Rs 104.52 crore in Q4 March 2015. Total income fell 12.71% to Rs 2752.35 crore in Q4 March 2016 over Q4 March 2015. The banks gross non-performing assets (NPAs) stood at Rs 9471.01 crore as on 31 March 2016 as against Rs 6721.53 crore as on 31 December 2015 and Rs 6552.91 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 13.26% as on 31 March 2016 as against 9.57% as on 31 December 2015 and 9.49% as on 31 March 2015. The ratio of net NPAs to net advances stood at 9.04% as on 31 March 2016 as against 5.91% as on 31 December 2015 and 6.22% as on 31 March 2015. The banks provisions and contingencies (excluding tax provisions) rose 73.55% to Rs 1173.43 crore in Q4 March 2016 over Q4 March 2015. The provision coverage ratio stood at 53.36% as on 31 March 2016. The result was announced after market hours yesterday, 17 May 2016.

TCS announced after market hours yesterday, 17 May 2016, that IDBI Banks financial services arm IDBI Capital Market Services has gone operational with the securities trading and processing solution from TCS BaNCS for its online brokerage business.

GlaxoSmithkline Consumer Healthcares (GSK Consumer Healthcare) net profit fell 8.18% to Rs 180.68 crore on 8.51% decline in total income to Rs 1166.40 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 17 May 2016.

Vascon Engineers reported consolidated net profit of Rs 6.67 crore in Q4 March 2016 as against net loss of Rs 75.62 crore in Q4 March 2015. Net total income from operations rose 4.64% to Rs 180.56 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 17 May 2016.

Nestle India turns ex-dividend today, 18 May 2016 for final dividend of Rs 18.50 per share for the year ended 31 December 2015 (FY 2015). The stock also turns ex-dividend today, 18 May 2016 for interim dividend of Rs 12 per share for the year ending 31 December 2016 (FY 2016).

MIC Electronics said that the board of directors of the company at its meeting held yesterday, 17 May 2016, concluded issue and allotment of 1.08 crore equity shares by conversion of preferential convertible equity share warrants to the promoters and investors in 1:1 ratio. A total of 93.22 lakh shares were alloted to three promoters and a total of 15 lakh shares were alloted to five investors. The announcement was made after market hours yesterday, 17 May 2016.

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Wipro in focus after securing contract from Xactly Corporation
May 17,2016

Wipro announced a partnership with Xactly Corporation, a leading provider of enterprise-class, SaaS and cloud-based incentive solutions for employee and sales performance management. The partnership will offer sales performance management (SPM) solutions for customer organizations across industry sectors in a software as a service model. The announcement was made after market hours yesterday, 16 May 2016.

TCS said that Siemens, a leading global technology powerhouse and the company will leverage their longstanding partnership to expand and enhance the delivery of product performance intelligence through big data analytics to the global manufacturing industry. The announcement was made after market hours yesterday, 16 May 2016.

Shares of public sector oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) yesterday, 16 May 2016, announced an increase in the price of petrol and diesel with effect from the midnight of 16/17 May 2016. Petrol price was hiked by Rs 0.83 per litre and diesel price was raised by Rs 1.26 a litre at Delhi (including state levies) with corresponding price revision in other states. After the latest revision, petrol in Delhi costs Rs 63.02 per litre and diesel costs Rs 51.67 a litre.

NTPC announced that it has entered into an agreement with Coal India for formation of a 50:50 joint venture company to take up the revival of fertilizer plants of Fertilizer Corporation of India (FCIL) at Sindri, Bihar and Gorakhpur, Uttar Pradesh by setting up an ammonia urea plant at each location. The announcement was made after market hours yesterday, 16 May 2016.

ITC announced that the scheme of amalgamation of BFIL Finance with Russell Credit became effective from 16 May 2016. BFIL Finance is a wholly owned subsidiary of Russell Credit, which in turn is a wholly owned subsidiary of ITC. Consequently, BFIL Finance has ceased to be a subsidiary of Russell Credit and that of ITC with effect from 16 May 2016. The announcement was made after market hours yesterday, 16 May 2016.

Petronet LNGs net profit fell 20.43% to Rs 239.27 crore on 15.39% decline in total income to Rs 6107.95 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Solar Industries Indias consolidated net profit rose 20.24% to Rs 48.21 crore on 10.83% rise in net sales to Rs 428.84 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Solar Industries India said that the board of directors of the company considered and approved 5 for 1 stock split.

Triveni Engineering & Industries reported consolidated net profit of Rs 44.14 crore in Q4 March 2016 compared with consolidated net loss of Rs 85.60 crore in Q4 March 2015. Consolidated net total income from operations rose 4.55% to Rs 468.05 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Advani Hotels & Resorts (India)s net profit rose 79% to Rs 4.23 crore on 18% rise in operational income to Rs 17.14 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

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Bank of Baroda in focus after Q4 results
May 16,2016

Shares of Bank of Baroda (BoB) may edge lower after the bank reported net loss of Rs 3230.14 crore in Q4 March 2016 comapared with net profit of Rs 598.35 crore in Q4 March 2015. Total income rose 6.06% to Rs 12789.06 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016. The banks gross non-performing assets (NPA) stood at Rs 40521.04 crore as on 31 March 2016 compared with Rs 38934.11 crore as on 31 December 2015 and Rs 16261.45 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.99% as on 31 March 2016 compared with 9.68% as on 31 December 2015 and 3.72% as on 31 March 2015. The ratio of net NPA to net advances stood at 5.06% as on 31 March 2016 compared with 5.67% as on 31 December 2015 and 1.89% as on 31 March 2015. BOBs provisions and contingencies jumped 277.31% to Rs 6857.66 crore in Q4 March 2016 over Q4 March 2015.

BOBs board of directors has not announced dividend for the financial year ended 31 March 2016 (FY 2016) as the bank reported net loss in FY 2016.

BoB said that its asset quality has stabilized and that the management expects the bank to return to black during the current financial year. The state-run bank posted a massive net loss of Rs 5395.55 crore in the year ended 31 March 2016 (FY 2016) as against a net profit of Rs 3398.43 crore in the year ended 31 March 2015 (FY 2015). The reason for the massive net loss was due to additional provisions that the state-run bank made with respect to certain loans in Q3 December 2015 and Q4 March 2016 as a part of an asset quality review (AQR) being carried out by the Reserve Bank of India for the banking sector as a whole. The provision coverage ratio (PCR) of the bank improved to 60.09% as on 31 March 2016 from 52.7% as on 31 December 2015. The total restructured standard assets of the bank dropped to Rs 13735 crore on 31 March 2016 from Rs 17135 crore as on 31 December 2015.

Union Bank of Indias (UBI) net profit fell 78.34% to Rs 96.12 crore on 5.32% decline in total income to Rs 8884.41 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016. The banks gross non-performing assets (NPA) stood at Rs 24170.89 crore as on 31 March 2016 compared with Rs 18495.16 crore as on 31 December 2015 and Rs 13030.87 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 8.7% as on 31 March 2016 compared with 7.05% as on 31 December 2015 and 4.96% as on 31 March 2015. The ratio of net NPA to net advances stood at 5.25% as on 31 March 2016 compared with 4.07% as on 31 December 2015 and 2.71% as on 31 March 2015. UBIs provisions and contingencies rose 54.92% to Rs 1564.67 crore in Q4 March 2016 over Q4 March 2015. The banks provision coverage ratio stood at 50.98% as on 31 March 2016.

Among prominent results, Petronet LNG, Tata Coffee, Brigade Enterprises and JK Tyre & Industries are scheduled to announce their Q4 March 2016 results today, 16 May 2016.

Ahluwalia Contracts (India) announced that it has secured new orders aggregating to about Rs 492.65 crore. The companys unexecuted order book as on date stands at Rs 4507 crore, Ahluwalia Contracts (India) said. The announcement was made after market hours on Friday, 13 May 2016.

Bayer CropSciences net profit fell 61.98% to Rs 16.50 crore on 8.56% decline in total income to Rs 540.90 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016.

Piramal Enterprises announced after market hours on Friday, 13 May 2016, that its consumer products division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crore. The acquisition includes brands namely Ferradol, Neko, Sloans and Waterburys Compound. Additionally the agreement also includes the trademark rights for Ferradol and Waterburys Compound in Bangladesh and Sri Lanka. These brands hold a rich legacy and have a high consumer pull and are available in India for the past 30 plus years, Piramal said in a statement. These products currently operate in a market which is currently estimated at Rs 7000 crore, it added. Completion of the deal is subject to certain conditions including regulatory approvals, Piramal said.

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Nestle India in focus after Q1 results
May 13,2016

Nestle Indias net profit fell 19.13% to Rs 259 crore on 8.5% decline in total income from operations (net) to Rs 2302.46 crore in Q1 March 2016 over Q1 March 2015. The result hit the market after trading hours yesterday, 12 May 2016. The company said that the Maggi Noodles issue adversely impacted the financial performance in the first quarter. Nestle relaunched Maggi noodles in the market at the beginning of November 2015 after it withdrew the product from the market in June 2015 amid allegations that it contained high levels of lead.

Nestle Indias Chairman and Managing Director Suresh Narayanan said that Maggi noodles has already regained leadership with over 50% market share within 5 months of relaunch. He said that Nestle India is gearing up for volume growth with renewed focus and commitment on consumer relevant innovation and renovation. Narayanan said that the management is working on increasing penetration for all product categories of the company including milk & nutrition, chocolate & confectionary and coffee & beverages. Narayanan said that the companys Q1 March 2016 results show further improvement in sequential performance, both in sales and profit margins.

Shares of Crompton Greaves Consumer Electricals (CGCEL) gets listed on the stock exchanges today, 13 May 2016. Crompton Greaves demerged its consumer products business on a going concern basis into a wholly owned subsidiary CGCEL. As per the demerger scheme, CGCEL had issued and allotted one fully paid-up equity share of Rs 2 each for every one equity share of Rs 2 each held in Crompton Greaves.

Bank of Baroda is scheduled to announce its Q4 March 2016 results today, 13 May 2016.

Bank of Maharashtra reported net loss of Rs 119.84 crore in Q4 March 2016 compared with net profit of Rs 112.72 crore in Q4 March 2015. The result hit the market at the fag end of trading session yesterday, 12 May 2016. The banks gross non-performing assets (NPA) stood at Rs 10385.85 crore as on 31 March 2016, as against Rs 8301.62 crore as on 31 December 2015 and Rs 6402.06 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.34% as on 31 March 2016, as against 7.97% as on 31 December 2015 and 6.33% as on 31 March 2015. The ratio of net NPA to net advances stood at 6.35% as on 31 March 2016 as against 5.52% as on 31 December 2015 and 4.19% as on 31 March 2015. The banks provisions and contingencies rose 57.32% to Rs 679.51 crore in Q4 March 2016 over Q4 March 2015.

Manappuram Finances consolidated net profit rose 86.63% to Rs 130.70 crore on 27.72% growth in total income to Rs 655.54 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

Kokuyo Camlins net profit declined 45.49% to Rs 2.36 crore on 8.63% growth in net total income from operations to Rs 177.14 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

Magma Fincorps consolidated net profit rose 25% to Rs 65.30 crore on 2.08% growth in net total income from operations to Rs 633 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

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Apollo Tyres in spotlight after Q4 earnings
May 12,2016

Apollo Tyres consolidated net profit fell 20.26% to Rs 245.16 crore on 4.61% decline in total income to Rs 3009.36 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016. Apollo Tyres board of directors at its meeting held yesterday, 11 May 2016, approved the issue of non convertible debentures aggregating to Rs 1000 crore on private placement basis, in one or more tranches.

On a consolidated basis, Oracle Financial Services Softwares net profit fell 3% to Rs 224.40 crore on 7% increase in total revenues to Rs 1013 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, net profit fell 2% to Rs 1165.80 crore on 5% increase in total revenues to Rs 4092.80 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 11 May 2016.

Adani Power announced that it has raised Rs 330 crore by allotment of 3,300 rated, listed, redeemable, zero coupon, non- convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis. The NCDs will be listed on the wholesale debt market segment of BSE. The announcement was made after market hours yesterday, 11 May 2016.

Jubilant Life Sciences announced that one of its wholly-owned subsidiaries, Jubilant DraxImage Inc (JDI) and Cyclopharm have mutually terminated their previously announced term sheet for exclusive commercial rights of Technegas in the US market. Both parties have agreed to discuss potential commercial opportunities once Cyclopharm obtains United States Food and Drug Administration (USFDA) approval for Technegas, Jubilant Life Sciences said in a statement. The announcement was made after market hours yesterday, 11 May 2016.

TVS Srichakras net profit rose 51.16% to Rs 51.44 crore on 12.95% growth in net total income from operations to Rs 525.24 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

Gulf Oil Lubricants Indias net profit rose 38.17% to Rs 30.04 crore on 3.06% growth in net total income from operations to Rs 271.89 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

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Zee Entertainment in focus after Q4 results
May 11,2016

Zee Entertainment Enterprises (Zee) consolidated net profit rose 12.93% to Rs 260.61 crore on 12.39% growth in total income to Rs 1577.37 crore in Q4 March 2016 over Q4 March 2015. Advertising revenue rose 29.1% to Rs 864.50 crore in Q4 March 2016 over Q4 March 2015. Subscription revenue rose 16.4% to Rs 594.40 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 52.8% to Rs 413.60 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Zees board of directors at its meeting held yesterday, 10 May 2016, has taken on record the conclusion of acquisition of 49% equity stake in Fly By Wire International (FBW). It may be recalled that Zee had in March this year announced the acquisition of 100% equity stake in FBW which is engaged in aircraft charter services under a NSOP license from Director General of Civil Aviation (DGCA). At that time, Zee said that it initially proposes to acquire 49% equity stake in FBW and the balance 51% equity stake shall be acquired within 5 days of receipt of approval from Ministry of Civil Aviation. The process is expected to be completed by mid-July 2016, Zee said at that time.

Kotak Mahindra Bank and Asian Paints will announce their January-March 2016 quarter results today, 11 May 2016.

NTPC after market hours yesterday, 10 May 2016, announced the commissioning of a 200 megawatts (MW) solar power project at Anantapuram.

Kirloskar Brothers net profit fell 41.46% to Rs 21.09 crore on 7.71% decline in net total income from operations to Rs 502.37 crore in Q4 March 2016 over Q4 March 2015. The decline in bottom line during the quarter would have been worse if not for a sharp surge in other income or non-operational income. Other income jumped 224.69% to Rs 10.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Automotive Axles net profit surged 119.39% to Rs 10.86 crore on 21.89% growth in net total income from operations to Rs 311.79 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

SKF Indias net profit declined 0.11% to Rs 51.18 crore on 0.26% growth in net total income from operations to Rs 587.81 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Radico Khaitans net profit declined 0.87% to Rs 14.77 crore on 9.97% growth in net total income from operations to Rs 377.64 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

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Ujjivan Financial Services lists today
May 10,2016

Microfinance firm Ujjivan Financial Services debuts on the secondary equity market today, 10 May 2016. The company had priced the initial public offer (IPO) at the top end of the Rs 207 to Rs 210 per share price band for the IPO. The IPO closed on 2 May 2016. It was subscribed 40.68 times and it received bids for a total of 120.68 crore shares.

Tata Steel will be in focus. The board of Tata Steel Europe announced that seven expressions of interest submitted for Tata Steels UK business have been immediately taken forward to the next stage of the sale process. In addition, Tata Steel Europe is clarifying outstanding points with a number of other parties who have submitted an expression of interest. The remaining parties who submitted expressions of interest have been thanked for their participation in the process but informed that their expressions would not be taken forward currently. As previously announced it is Tata Steel Europes primary intention to assess expressions of interest for the whole of Tata Steels UK business. The seven expressions of interest being immediately taken forward are on this basis. Expressions of interest for parts of the UK business are not being taken forward at this point. In the next phase of the sales process the progressing interested parties will be given access to further business information and management team presentations in order for them to rapidly progress their interest to a binding stage. The announcement was made after trading hours yesterday, 9 May 2016.

Tata Steel Europe said on 20 April 2016 that it welcomes credible expressions of interest for Tata Steel UKs operations. The company issued the clarification after recent media reports suggesting a possible management buyout of Tata Steels Port Talbot manufacturing facilities in UK. Port Talbot is Tata Steels biggest UK plant with about 4,000 workers, according to reports. On 11 April 2016, Tata Steel Europe announced that the company has commenced the formal process for the divestment of its entire holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided to sell its entire holding in Tata Steel UK due to the deteriorating financial performance of the UK subsidiary.

City Union Bank announced that the Reserve Bank of India (RBI) vide its letter dated 6 May 2016, gave its approval for the appointment of S. Mahalingam as the part-time Chairman of the bank for a period of three years with effect from 4 May 2016. The announcement was made after market hours yesterday, 9 May 2016.

Shakti Pumps (India)s board of directors at a meeting held yesterday, 9 May 2016, approved the conversion of 15 lakh compulsory convertible preference shares of Rs 100 each held by AFHoldings into 16.36 lakh ordinary equity shares of Rs 10 each, constituting 8.9% of the paid-up share capital of the company on fully diluted basis and ranking pari passu with the existing equity shares of the company. The announcement was made after market hours yesterday, 9 May 2016.

VA Tech Wabag announced that it has liquidated its step-down subsidiary Beijing VA Tech Wabag Water Treatment Technology Co. Ltd. The announcement was made after market hours yesterday, 9 May 2016.

Datamatics Global Services (DGSL) announced that a consortium of the company and Mikroelektronika have won a contract to provide automatic fare collection (AFC) system for the North-South corridor (Phase IA) of the Lucknow Metro Rail project. The contract has been awarded to the consortium at about Rs 64 crore, DGSL said. The announcement was made after market hours yesterday, 9 May 2016.

Zee Entertainment Enterprises is scheduled to announce its Q4 March 2016 results today, 10 May 2016.

Shares of GM Breweries turn ex-dividend today, 10 May 2016, for final dividend of Rs 2.50 per share for the year ended 31 March 2016.

Shares of Godrej Consumer Products turn ex-dividend today, 10 May 2016, for interim dividend of Rs 2.75 per share for the year ended 31 March 2016.

Net profit of ALSTOM India declined 61.91% to Rs 27.40 crore on 54.17% decline in net sales to Rs 369.53 crore in Q4 March 2016 over Q4 March 2015. The company reported net loss of Rs 78.77 crore in the year ended March 2016 as against net profit of Rs 177.07 crore in the year ended March 2015. Net sales declined 18.78% to Rs 1717.75 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 9 May 2016.

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Thyrocare Technologies to list today
May 09,2016

Diagnostic chain operator Thyrocare Technologies debuts on the secondary equity market today, 9 May 2016. The company had priced the initial public offer (IPO) at the top end of the Rs 420 to Rs 446 per share price band. The IPO ended on 29 April 2016. It received bids for a total of 55.31 crore shares and it was subscribed 73.55 times. The qualified institutional buyers (QIBs) category was subscribed 73.17 times. The non-institutional investors category was subscribed 225.03 times. The retail individual investors category was subscribed 8.72 times.

Net profit of Reliance Capital rose 1.97% to Rs 415 crore on 11.2% rise in total income to Rs 2828 crore in Q4 March 2016 over Q4 March 2015. Net profit rose 9.99% to Rs 1101 crore on 12% rise in total income to Rs 9998 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Hindustan Unilever (HUL) will announce its Q4 results on today, 9 May 2016.

ITC announced on Sunday, 8 May 2016, that the cigarette factories are commencing production progressively. ITC had announced on 5 May 2016 that the company had to shut its cigarette factories from 4 May 2016 until it is in a position to comply with the interim requirements pending hearing in the Karnataka High Court after Supreme Court on 4 May 2016 passed an order transferring to the Karnataka High Court all writ petitions pending in various courts challenging the rules prescribing 85% pictorial warnings on packages of tobacco products. The Supreme Court observed that all parties should endeavour to follow the rules.

Metal stocks may decline as Chinas exports unexpectedly fell in April as weak demand continued to weigh on the worlds second-largest economy. Exports declined 1.8% in April in dollar terms, reversing an increase of 11.5% the previous month, the General Administration of Customs said Sunday, 8 May 2016. Imports in April fell by a sharper-than-expected 10.9% from a year earlier, compared with a 7.6% drop in March. Chinas trade surplus widened more than expected last month to $45.56 billion from $29.86 billion in March. China is the worlds largest consumer of steel, copper and aluminum.

Siemens net profit rose 9.61% to Rs 177.42 crore on 4.76% increase in total income to Rs 2810.59 crore in Q2 March 2016 over Q2 March 2015. The result was announced after market hours on Friday, 6 May 2016.

Sun Pharma Advanced Research Company (SPARC) reported a net loss of Rs 9.58 crore in Q4 March 2016 compared with the net loss of Rs 9.40 crore in Q4 March 2015. Total income rose 0.83% to Rs 43.49 crore in Q4 March 2016 over Q4 March 2015.

SPARC reported a net loss of Rs 69.99 crore in the year ended March 2016 compared with the net loss of Rs 39.52 crore in the year ended March 2015. Total income rose 3.43% to Rs 164.22 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Net profit of Titan Company declined 14.40% to Rs 184.11 crore on 1.51% decline in net sales to Rs 2437.15 crore in Q4 March 2016 over Q4 March 2015. Net profit declined 14.24% to Rs 705.85 crore on 5.21% decline in net sales to Rs 11176.90 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Titan said in a statement that Q4 March 2016 and the year ended March 2016 was an extremely challenging one for the company. The challenges faced were both on account of weak market conditions for all businesses and new regulatory restrictions for the jewellery business. The performance came in the backdrop of an environment where the consumer sentiment did not pick up as expected. The strength of the companys brands was tested in an environment of subdued sales across all retail formats of the company as well as related categories. Weak consumer sentiment had an impact on retail sales across all businesses, the company said.

The watches business of the company recorded an income of Rs 1953.55 crore, a growth of 1.7%. This was achieved through planning and execution of various initiatives including new products and campaigns. The key highlight of the year was Titans entry into the world of smart watches through launch of Titan Juxt. The income from Jewellery segment saw a decline of 7.6% at Rs 8717.40 crore. The absence of revenues from the Golden Harvest scheme for the first eight months of the current fiscal and the disruption caused by the industry-wide strike in the last quarter contributed significantly to the decline in revenue. The year saw launch of many successful collections in jewellery as well as an effective wedding campaign. The income from Eyewear business was Rs 371.58 crore, recording a healthy growth of 11.8% on the bock of an aggressive network expansion strategy. Other businesses of the company comprising precision engineering business, accessories and fragrances recorded a sale of Rs 235.17 crore, a growth of 1.3%.

The year witnessed aggressive expansion of its retail network with a net addition of 82 stores by watches, jewellery and eyewear businesses. As on 31 March 2016, the company had 1283 stores, with over 1.7 million square feet of retail space delivering a retail turnover in excess of Rs 11,010 crore, the company added.

Meanwhile, Titan Company said that its board approved acquisition of majority stake in Chennai-based Carat Lane Trading, a leading online jewellery brand. It sells its products through its website Caratlane.com. The company has also developed omni-channel capabilities and has currently 13 stores across the country with plans to ramp up the retail stores significantly in the future. The financial details of the acquisition will be furnished after the conclusion of the accounting due diligence of the target. Acquisition is expected to be completed on or before mid June 2016. The proposed acquisition does not fall within related party transaction and the promoters of Titan Company have no interest in the entity proposed to be acquired. Mr. Bhaskar Bhat, Managing Director of the Company stated that for Titan, the acquisition brings significant capabilities in the e-commerce space along with a brand, a customer segment and an exciting business model.

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