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CSO revises Base Year of All-India Index of Industrial Production From 2004-05 to 2011-12
May 12,2017

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation revised the base year of the all-India Index of Industrial Production (IIP) from 2004-05 to 2011-12. The new base year has been selected keeping in view the base year of other macroeconomic indicators namely Gross Domestic Product (GDP), Consumer Price Index (CPI). Several changes have been made in the new series of the IIP in order that new IIP is able to reflect the changes in the industrial sector in a more representative and robust manner.

The salient features of the new series with base 2011-12 are as under:

n++ IIP in the new series will continue to consist of three sectors viz. Mining, Manufacturing and Electricity, as in the existing series.

n++ The National Industrial Classification 2008 will be followed in the new series for the purpose of classification of products as per industries.

n++ The Use-Based Classification has been revised to reflect the industrial segments and production more accurately as well as to map the products more accurately as per their use in the industries. The new use based classification includes Primary Goods, Intermediate Goods, Infrastruture/Construction Goods, Capital Goods, Consumer Durable Goods and Consumer Non Durable Goods

n++ The coverage of the new series of IIP is limited to the Organized Sector only.

n++ For enabling dynamic revision of the methodology of IIP including the item list and the panel of factories during the currency of a base year, a Technical Review Committee, chaired by Secretary, Ministry of Statistics &PI, will be constituted.

n++ Due to the increasing significance of the electricity generation from renewable sources, it has been decided to include the same in the electricity generation figures for compilation of IIP in the new series.

n++ The new series show higher growth rates in most months in the period April 2012 to March 2017, as compared to the existing series which is attributable to (i) shifting of base to a more recent period; (ii) increase in number of factories in panel for reporting data and exclusion of closed ones and (iii) inclusion of new items and exclusion of old ones.

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Arcotech to hold EGM
May 12,2017

Arcotech announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 June 2017 .

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Board of Petronet LNG recommends final dividend
May 12,2017

Petronet LNG announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Thyrocare Technologies recommends final dividend
May 12,2017

Thyrocare Technologies announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Outcome of board meeting of S H Kelkar & Company
May 12,2017

S H Kelkar & Company announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has transacted the following -

Considered the buyback proposal and decided to not to opt for share buyback at this point in time.

Recommended final dividend of Rs 1.75 per share.

Approved proposal to make an equity investment of Rs 4 crore in Keva Chemicals (subsidiary) to revive business activities through the said subsidiary.

The Board considered and accepted the resignation of Tapas Mujumdar as EVP and Group CFO.

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FPIs continue buying
May 12,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 1426.59 crore from the secondary equity markets on 11 May 2017. FPIs net outflow was Rs 1299.37 on 9 and 10 May 2017.

The net inflow of Rs 1426.59 crore on 11 May 2017 was a result of gross purchases of Rs 5103.75 crore and gross sales of Rs 3677.16 crore.

There was a net inflow of Rs 8.29 crore into the category primary market & others on 11 May 2017 which was a result of gross purchases of Rs 8.29 crore and nil gross sales.

FPIs have sold stocks worth a net Rs 356.02 crore into the secondary equity markets in May 2017 so far (till 11 May 2017). They sold stocks worth a net Rs 1645.32 crore in April 2017.

FPIs have purchased shares worth a net Rs 34486.13 crore from the secondary equity markets in calendar year 2017 so far (till 11 May 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have purchased stocks worth a net Rs 645.82 crore from the category primary market & others in May 2017 so far (till 11 May 2017). They had bought stocks worth a net Rs 4039.81 crore from the category primary market & others in April 2017.

FPIs have purchased shares worth a net Rs 7829.74 crore from the category primary markets & others in calendar year 2017 so far (till 11 May 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals
May 12,2017

The Central Government vide notification dated 11th May, 2017 has notified that the requirement of quoting of Aadhaar / Enrolment ID shall not apply to the following individuals if they do not possess the Aadhaar / Enrolment ID:

I. An individual who is residing in the state of Assam, Jammu and Kashmir and Meghalaya.

ii. An individual who is a non-resident as per the Income-tax Act, 1961.

iii. An individual of the age of eighty years or more at any time during the previous year.

iv. An individual who is not a citizen of India.

Section 139AA of the Income-tax Act, 1961, as inserted by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017. Section 139AA (3) of the Act empowers the Central Government to notify the person(s) or State(s) to which the requirement of quoting of Aadhaar / Enrolment ID shall not apply.

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Board of Shemaroo Entertainment recommends final dividend
May 12,2017

Shemaroo Entertainment announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 1.4 per equity Share (i.e. 14%) , subject to the approval of the shareholders.

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Board of Nitta Gelatin India recommends final dividend
May 12,2017

Nitta Gelatin India announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Board of Premco Global recommends final dividend
May 12,2017

Premco Global announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Board of Bharti Airtel recommends final dividend
May 12,2017

Bharti Airtel announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Bhageria Industries recommends final dividend
May 12,2017

Bhageria Industries announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Board of Alembic recommends final dividend
May 12,2017

Alembic announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Dr Lal Pathlabs consolidated net profit declines 10.02% in the March 2017 quarter
May 12,2017

Net profit of Dr Lal Pathlabs declined 10.02% to Rs 30.99 crore in the quarter ended March 2017 as against Rs 34.44 crore during the previous quarter ended March 2016. Sales rose 11.22% to Rs 219.90 crore in the quarter ended March 2017 as against Rs 197.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 16.65% to Rs 154.20 crore in the year ended March 2017 as against Rs 132.19 crore during the previous year ended March 2016. Sales rose 15.30% to Rs 912.38 crore in the year ended March 2017 as against Rs 791.32 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales219.90197.71 11 912.38791.32 15 OPM %22.4427.38 -25.9326.50 - PBDT55.3860.04 -8 261.46229.00 14 PBT47.4652.78 -10 233.29200.72 16 NP30.9934.44 -10 154.20132.19 17

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Arvind SmartSpaces consolidated net profit declines 4.37% in the March 2017 quarter
May 12,2017

Net profit of Arvind SmartSpaces declined 4.37% to Rs 17.08 crore in the quarter ended March 2017 as against Rs 17.86 crore during the previous quarter ended March 2016. Sales rose 9.35% to Rs 99.45 crore in the quarter ended March 2017 as against Rs 90.95 crore during the previous quarter ended March 2016.

For the full year,net profit rose 21.85% to Rs 20.97 crore in the year ended March 2017 as against Rs 17.21 crore during the previous year ended March 2016. Sales rose 38.09% to Rs 158.36 crore in the year ended March 2017 as against Rs 114.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales99.4590.95 9 158.36114.68 38 OPM %30.9631.51 -29.1730.43 - PBDT28.0427.50 2 34.7728.14 24 PBT27.7627.27 2 33.7227.21 24 NP17.0817.86 -4 20.9717.21 22

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