My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Large Corporates Pull Through from Cash Shortage, Demonetisation Impact Credit Neutral
Feb 10,2017

The impact of demonetisation on the credit profile of large corporates (revenue over INR2.5 billion) is neutral, with no major rating changes envisaged due to its after-effects, says India Ratings and Research (India Ratings). Based on a sensitivity analysis of all corporates in our portfolio India Ratings believes large corporates have sufficient liquidity buffers to meet debt servicing obligations.

The immediate impact of demonetisation on revenues of large corporates in 3QFY17 ranges from nil for the export-oriented sectors namely IT/ITeS, to a significant impact on the auto, real estate, gems and jewellery sectors, with a gradual recovery expected as cash availability improves in 4QFY17. Despite the cash shortage hurting some sectors significantly in 3QFY17, the impact on their credit profile is cushioned by the availability of sufficient liquidity (in the form of cash & equivalents or unutilised working capital limits) to meet the debt servicing obligations. India Ratings believes large corporates also have sufficient rating headroom to absorb the transitory impact on revenue, profitability and working capital.

The impact of demonetisation has been varied, depending on the extent and nature of cash usage within an industry. The revenue of sectors which are predominantly digital due to their focus on exports or business to business sales (for instance, IT/ITeS) is not impacted by the tight liquidity conditions. However sectors which are predominantly digital may also face temporary disruption due to of their employee payments, for instance, construction or supply chain payments historically which were done in cash.

Sectors which rely on consumer spending saw a fall in sales during the cash shortage period, with eventual recovery once normalisation of cash availability is achieved. The extent of impact would depend on the level of discretion involved in spending (impact on hospitals is lower compared to auto or luxury retail) and the proportion of transactions in cash.

A couple of sectors wherein the nature of cash usage is often considered dubious (such as real estate, gems and jewellery) faced a significant fall in sales during the cash shortage period, with a lasting impact on the sector and the sector adapting to a new normal, especially in the unorganised segment. Organised players and large corporates in such sectors will benefit in the long-run.

The sectors which are ancillary to the impacted sectors such as auto components, cement, steel or other metals will also see the ripple effects of demonetisation.

Powered by Capital Market - Live News

Board of Jumbo Bag appoints director
Feb 10,2017

Jumbo Bag announced that Board of Directors at their meeting held on 09 February 2017 has approved the appointment of Renuka Mohan Rao as an Additional Director (Non Executive, Independent) on Board of the Company effective from 09 February 2017 to hold office up to the next Annual General Meeting where the appointment will be placed for the members approval.

Powered by Capital Market - Live News

Symphony to pay 3rd interim dividend
Feb 10,2017

Symphony announced that 3rd interim dividend of 50% i.e. Rs. 1/- per equity share of Rs. 2/- each will be paid on or before 10 March 2017.

Powered by Capital Market - Live News

Symphony fixes record date for 3rd interim dividend
Feb 10,2017

Symphony has fixed 03 March 2017 as Record Date for the purpose of Payment of Third Interim Dividend.

Powered by Capital Market - Live News

Board of Symphony declares 3rd interim dividend
Feb 10,2017

Symphony announced that the Board of Directors of the Company at its meeting held on 10 February 2017, declared 3rd Interim Dividend of 50% i.e. Rs. 1/- per equity share of Rs. 2/- each amounting to Rs. 841.99 lacs including dividend distribution tax. The interim dividend will be paid on or before 10 March 2017.

Powered by Capital Market - Live News

Bosch to pay interim dividend
Feb 10,2017

Bosch announced that the special pay-out in the form of an Interim Dividend of Rs. 75/- per equity share of Rs.10/- each will be paid on or about 23 February 2017.

Powered by Capital Market - Live News

Board of Bosch declares interim dividend
Feb 10,2017

Bosch announced that the Board of Directors of the Company at their meeting held on 10 February 2017, inter alia, approved:

- A special pay-out in the form of an Interim Dividend of Rs. 75/- per equity share of Rs.10/- each, payable to the registered shareholders of the Company as on the Record Date i.e., 18 February 2017 (intimated to the Exchanges vide letter dated 01 February 2017). The Interim Dividend will be paid to the registered shareholders on or about 23 February 2017.

Powered by Capital Market - Live News

Board of Sudarshan Chemical Industries declares interim dividend
Feb 10,2017

Sudarshan Chemical Industries announced that the Board of Directors of the Company at its meeting held on 10 February 2017, inter alia, has declared Interim Dividend at Rs. 2.50/- per share (125%) on the face value of Rs. 2.00/- per share for the Financial Year 2016-17.

Powered by Capital Market - Live News

Bosch falls after poor Q3 outcome
Feb 10,2017

The result was announced during market hours today, 10 February 2017.

Meanwhile, the S&P BSE Sensex was up 11.57 points or 0.04% at 28,341.27

On BSE, so far 2,563 shares were traded in the counter as against average daily volume of 1,391 shares in the past one quarter. The stock hit a high of Rs 23,400 and a low of Rs 22,456.05 so far during the day. The stock had hit a 52-week high of Rs 25,649.95 on 10 August 2016. The stock had hit a 52-week low of Rs 15,752.65 on 12 February 2016.

The large-cap company has equity capital of Rs 30.52 crore. Face value per share is Rs 10.

In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch is the flagship company of the Bosch Group in India

Powered by Capital Market - Live News

Sudarshan Chemical Industries fixes record date for interim dividend
Feb 10,2017

Sudarshan Chemical Industries has fixed 24 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

CESC fixes record date for interim dividend
Feb 10,2017

CESC has fixed 27 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Tax Collection Figures up to January 2017 show consistent trend of healthy growth
Feb 10,2017

The Tax Collection figures up to January 2017 show consistent trend of healthy growth. Following are the details of the Direct and Indirect Tax Collections for the month of January 2017 and upto the month of January 2017 and they show a positive growth.

Indirect Taxes

During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was 10.1%, 26.3% and 9.4% respectively during the month of January 2017, compared to the corresponding month last year.

The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to January 2017 show that net revenue collections are at Rs 7.03 lakh crore, which is 23.9% more than the net collections for the corresponding period last year. Till January 2017, about 82.8% of the Revised Estimates (RE) of indirect taxes for Financial Year 2016-17 has been achieved.

As regards Central Excise, net tax collections stood at Rs. 3.13 lakh crore during April-January, 2016-17 as compared to Rs.2.23 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 40.5%.

Net Tax collections on account of Service Tax during April-January, 2016-17 stood at Rs. 2.03 lakh crore as compared to Rs.1.66 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 22.0%.

Net Tax collections on account of Customs during April-January 2016-17 stood at Rs. 1.86 lakh crore as compared to Rs. 1.77 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 4.7%.

Direct Taxes

The figures for Direct Tax collections up to January, 2017 show that net collections are at Rs. 5.82 lakh crore which is 10.79% more than the net collections for the corresponding period last year. This collection is 68.7% of the total Budget Estimates of Direct Taxes for F.Y. 2016-17.

As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.7% while that under PIT (including STT) is 21.0%. However, after adjusting for refunds, the net growth in CIT collections is 2.9% while that in PIT collections is 23.1%. Refunds amounting to Rs.1.41 lakh crore have been issued during April 2016-January 2017, which is 41.0% higher than the refunds issued during the corresponding period last year.

Powered by Capital Market - Live News

Volumes jump at Simplex Infrastructures counter
Feb 10,2017

Simplex Infrastructures clocked volume of 4.05 lakh shares by 13:21 IST on BSE, a 253.26-times surge over two-week average daily volume of 2,000 shares. The stock fell 0.42% to Rs 310.

Zensar Technologies notched up volume of 73,000 shares, a 63.16-fold surge over two-week average daily volume of 1,000 shares. The stock rose 1.08% to Rs 915.

Sical Logistics saw volume of 4.14 lakh shares, a 48.66-fold surge over two-week average daily volume of 9,000 shares. The stock rose 8.39% to Rs 258.90.

Oberoi Realty clocked volume of 9.53 lakh shares, a 32.21-fold surge over two-week average daily volume of 30,000 shares. The stock rose 3.30% to Rs 337.

Maithan Alloys saw volume of 1.83 lakh shares, a 16.55-fold rise over two-week average daily volume of 11,000 shares. The stock rose 7.95% to Rs 453.45.

Powered by Capital Market - Live News

NLC India advances after blockbuster Q3 outcome
Feb 10,2017

The result was announced after market hours yesterday, 9 February 2017.

Meanwhile, the S&P BSE Sensex was up 33.10 points, or 0.12%, to 28,362.80

On the BSE, 1.42 lakh shares were traded in the counter so far, compared with an average volume of 53,154 shares in the past one quarter. The stock had hit a high of Rs 99.90 and a low of Rs 96.50 so far during the day. The stock had hit a 52-week low of Rs 60.35 on 1 March 2016. The stock had hit a 52-week high of Rs 100.10 on 27 January 2017.

The large-cap company has an equity capital of Rs 1677.71 crore. Face value per share is Rs 10.

NLC India operates lignite mines, pithead thermal power stations and also has operations in renewable energy sector.

As per the shareholding pattern as on 31 December 2016, the Government of India held 90% stake in the company.

Powered by Capital Market - Live News

Industry Seeks WTO DG Support for Advancing Trade Facilitation in Services
Feb 10,2017

n++Indias proposal on Trade Facilitation in Services (TFS), currently tabled at the WTO, is a welcome initiative as services are an essential tool for trade. There is a growing appetite amongst members to advance the TFS agenda and efforts need to be made to engage other members on these issuesn++, said Mr. Roberto Azevedo, DG WTO. n++There are number of ideas being discussed for easing flow of trade such as: movement of persons, cross-border information flows and development and technical assistancen++, he further added.

n++We must embrace and adapt to new realities,n++ he said, pointing out the need to make trade better rather than limiting it. He emphasized the importance of involving MSMEs in global trading networks to bridge gaps and inequities currently persisting in the global trading environment.

The Ambassador noted with regret the slowdown experienced by global trade growth, 1.7% in 2016, which is at its lowest since the 2008 financial crisis. He also mentioned the negative reaction of the global community with more inward looking policies, which he views as a setback for global trade. However, he noted the positive outlook for Indian trade due to various tax and fiscal reforms that the current government has undertaken.

The panel also consisted of Mr. Anup Wadhawan, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, who reiterated the Indian governments position to maintain the principle of special and differentiated treatment. He reiterated the need to maintain the multilateral trading arrangement which the WTO is also committed to.

Representing Indian industry, the CII President, Dr. Naushad Forbes, echoed the importance of free trade and the central role WTO plays in it. Multilateral negotiations are necessary for this. There is a need to ensure that firms have equal access to all countries for trade. For this, it is imperative that countries understand clearly the concept of Most Favored Nations (MFN) which embodies this principle in the GATT/WTO.

Industry members raised serious concerns about de-globalization and growing clamor for protectionism, particularly in US. Reinvigorating global trade by clearing misconceptions about the impact of trade on employment and the need for multilateralism were key to addressing this very concern.

Mr. Chandrajit Banerjee, the Director General CII, who moderated this session, mentioned the need for the WTO to take the lead in an uncertain global trading environment. There are high hopes from the 11th Ministerial of the WTO which is to take place in Buenos Aires, scheduled towards the end of 2017.

Powered by Capital Market - Live News