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Cyient consolidated net profit rises 13.80% in the December 2016 quarter
Jan 13,2017

Net profit of Cyient rose 13.80% to Rs 94.16 crore in the quarter ended December 2016 as against Rs 82.74 crore during the previous quarter ended December 2015. Sales rose 17.11% to Rs 917.06 crore in the quarter ended December 2016 as against Rs 783.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales917.06783.06 17 OPM %13.1813.46 - PBDT149.14127.05 17 PBT124.86105.00 19 NP94.1682.74 14

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Zee Learn standalone net profit rises 167.84% in the December 2016 quarter
Jan 13,2017

Net profit of Zee Learn rose 167.84% to Rs 6.08 crore in the quarter ended December 2016 as against Rs 2.27 crore during the previous quarter ended December 2015. Sales rose 14.31% to Rs 25.48 crore in the quarter ended December 2016 as against Rs 22.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales25.4822.29 14 OPM %35.1329.07 - PBDT7.163.66 96 PBT6.402.27 182 NP6.082.27 168

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Tata Consultancy Services consolidated net profit rises 11.25% in the December 2016 quarter
Jan 13,2017

Net profit of Tata Consultancy Services rose 11.25% to Rs 6814.00 crore in the quarter ended December 2016 as against Rs 6125.00 crore during the previous quarter ended December 2015. Sales rose 8.66% to Rs 29735.00 crore in the quarter ended December 2016 as against Rs 27364.00 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales29735.0027364.00 9 OPM %27.6728.31 - PBDT9414.008446.00 11 PBT8918.007975.00 12 NP6814.006125.00 11

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Mastek provides update on step down subsidiary Digility Inc.
Jan 13,2017

Mastek announced that the closing formalities in relation to the share purchase agreement for acquisition of 100% equity shares of Trans American Information Systems have been completed and consequently, Trans American Information Systems has become a wholly owned subsidiary of the Company.

Further the Company inform that Digility Inc., U.S., an overseas first level step down subsidiary of the Company, has completed the acquisition of TaisTech LLC, USA and Trans American Information Systems Inc. USA.

Pursuant to the said acquisition, TaisTech LLC, USA and Trans American Information Systems Inc. USA have become wholly owned subsidiaries of Digility Inc., U.S. and consequently, they have also become step down wholly owned overseas subsidiaries of the Company

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TCS in focus after declaring Q3 result
Jan 13,2017

IT major TCS consolidated net profit rose 2.9% to Rs 6778 crore on 1.5% increase in revenue to Rs 29735 crore in Q3 December 2016 over Q2 September 2016. The companys consolidated revenue in constant currency grew 2% in Q3 December 2016 over Q2 September 2016. The result was announced after market hours yesterday, 12 January 2017. The results are as per International Financial Reporting Standards (IFRS).

In the quarter ended 31 December 2016, total employees count stood at 378,497. The company reported gross addition of 18,362 employees. Attrition declined further to 11.3% (LTM) in IT services in Q3 December 2016 over Q2 September 2016.

During Q3, growth was led by energy & utilities (up 5.8% sequentially), Hi-Tech (up 2.6% sequentially), BFSI (up 2.1% sequentially), Manufacturing (up 2.1% sequentially) and Retail (up 1.9% sequentially) in constant currency.

From a geography perspective, emerging markets like Latin America and India clocked double digit growth of 12.5% and 10.3% sequentially respectively while North America grew 2.2% sequentially and UK grew 1.7% sequentially.

From a services perspective, strength in growing segments like Platforms, Cloud and Internet of Things is evident from the growth in Asset Leveraged Solutions (up 21% sequentially), Infrastructure services (up 9.5% sequentially) and Engineering and Industrial Services (up 3.1% sequentially).

Commenting on the Q3 performance, CEO and MD, N Chandrasekaran said that the resilience of the companys business model and strength of its operating strategy has been brought to the fore by its performance in Q3, traditionally a quarter of weak demand. TCS strengths in digital, platforms and cloud as well as its deep knowledge of the customers domain are driving its ability to play a strategic role and make a holistic impact on the business.

Chandrasekaran added that to support and sustain the companys digital business that is growing at 30% on an annual basis, it continues to build new capabilities in digital technologies, empower employees to enhance agility in the workplace and invest more to develop IP-based platforms and products. Some of these products and platforms are maturing with greater customer adoption while others continue to be incubated in our In novation labs. As digital adoption increases in 2017, TCS is well prepared to lead this change.

Rajesh Gopinathan, Chief Financial Officer, said that TCS has shown great discipline and control at all levels to deliver another credible quarter. Alongside a good growth performance, the company has been able to keep profitability stable in the desired range and deliver over $1 billion in free cash flow during the quarter.

Meanwhile, TCS after market hours yesterday, 12 January 2017 announced that Rajesh Gopinathan has been appointed as Chief Executive Officer (CEO) and Managing Director of the company.

Shares of Tata Group companies including TCS, Tata Metaliks, Tata Steel, Tata Communications, Tata Global Beverages, Tata Chemicals, Tata Motors, Tata Investment Corporation, Tata Power, Tinplate Company of India, Rallis India, Tata Sponge Iron, Tata Teleservices (Maharashtra) and Tata Coffee will be in focus after Natarajan Chandrasekaran was appointed as the new chairman of Tata Sons from 21 February 2017. Earlier Tata Sons, the holding company of the Tata Group, had in October 2016 replaced Cyrus P. Mistry as chairman of Tata Sons.

Infosys will announce its Q3 December 2016 results today, 13 January 2017.

JSW Energy said that its board meeting has been rescheduled to 23 January 2017. The board will consider raising of long term funds through the issuance of non-convertible debentures by way of a private placement. The board will also consider the companys earnings for the quarter and nine months ended 31 December 2016. The announcement was made after market hours yesterday, 12 January 2017.

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, signed an memorandum of understanding (MoU) with the Government of Gujarat, through a 100% subsidiary, to establish a 350-acre (approximately), multi-product industrial park near Ahmedabad. The proposed new industrial park marks Mahindra Lifespaces foray into Gujarat and is being planned to cater to non-polluting industries. The industrial park is expected to create direct and indirect employment for about 12,000 persons, when fully operational. The proposed multi-product industrial park will be developed under the aegis of Gujarat industrial Policy 2015. The announcement was made after market hours yesterday, 12 January 2017.

Bharti Airtel will be watched. Airtel Payments Bank, Indias first payments bank, commenced national operations yesterday, 12 January 2017, with services now LIVE in all 29 States of India. Arun Jaitley, Union Minster of Finance and Corporate Affairs, formally launched Airtel Payments Banks national operations yesterday, 12 January 2017. The announcement was made after market hours yesterday, 12 January 2017.

Airtel Payments Bank, a fully digital and paperless bank, aims to take basic banking services to the doorstep of every Indian by leveraging Airtels vast retail network. Over 250,000 neighbourhood Airtel retail stores across the country will also function as banking points, and customers will be able to open savings accounts, deposit and withdraw cash across any of these banking points. Airtel Payments Bank will not charge any processing fee from its customers and merchants partners for digital transactions, thereby encouraging them to adopt cashless payments.

Bharat Financial Inclusion said that the company on 12 January 2017 assigned a pool of receivables of an aggregate value of Rs 313.78 crore to one of the largest public sector banks on direct assignment basis as per the guidelines prescribed by the Reserve Bank of India. This is the second direct assignment transaction during FY17. This may be one of the largest assignment transactions in the microfinance industry post demonetization. The announcement was made after market hours yesterday, 12 January 2017.

Mastek said that the closing formalities in relation to the share purchase agreement for acquisition of 100% equity shares of Trans American Information Systems have been completed and consequently, Trans American Information Systems has become a wholly owned subsidiary of the company. The announcement was made before market hours today, 13 January 2017.

Further the company informed that Digility Inc., U.S., an overseas first level step down subsidiary of the company, has completed the acquisition of TaisTech LLC, USA and Trans American Information Systems Inc. USA. Pursuant to the acquisition, TaisTech LLC, USA and Trans American Information Systems Inc. USA have become wholly owned subsidiaries of Digility Inc., U.S. and consequently, they have also become step down wholly owned overseas subsidiaries of the company.

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Food commodity prices fall for fifth year in a row in 2016
Jan 12,2017

Prices of major food commodities declined for the fifth year in a row in 2016, averaging 161.6 points for the year as a whole, some 1.5% below their 2015 levels.

Bumper harvests and prospects for staple cereals offset upward pressure on FAOs Food Price Index from tropical commodities such as sugar and palm oil, where production was impacted by El Nino.

In December 2016, the Index averaged nearly 172 points, unchanged from November.

The FAO Food Price Index is a trade-weighted index tracking international market prices for five key food commodity groups: major cereals, vegetable oils, dairy, meat and sugar.

2016 was marked by a steady decline in cereal prices, which fell 9.6% from 2015 and were down 39% from their 2011 peak. At the same time, sugar and vegetable oil prices rose over the year by 34.2% and 11.4%, respectively.

Economic uncertainties, including movements in exchange rates, are likely to influence food markets even more so this year, said FAO senior economist Abdolreza Abbassian.

FAOs Cereal Price Index, largely stable since September, increased 0.5% in the month of December, with rice and maize quotations firming up while larger-than-expected production estimates in Australia, Canada and the Russian Federation led to lower wheat prices.

FAOs Vegetable Oil Price Index rose 4.2% from November, capping a double-digit annual gain to reach its highest level since July 2014. Both palm oil and soy oil quotations rose, the former due to low global inventory levels and tight supplies, the latter on the prospect of rising use in the biodiesel sectors in North and South America.

The FAO Dairy Price Index also rose, by 3.3%, from November, due primarily to higher prices for butter, cheese and whole milk powder and restrained output in the European Union and Oceania.

The FAO Sugar Price Index, while up almost a third over the year, declined 8.6% in the last month of 2016. The sharp fall was mainly driven by an ongoing weakening of the Brazilian Real against the U.S. dollar, along with a reported 18% jump in expected production in the Centre South, Brazils main sugarcane-growing region.

The FAO Meat Price Index declined 1.1% from its revised November level. Its average value in 2016 was 7% below that of 2015, due mainly to falls in the international prices of bovine and poultry meats.

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Industrial production jumps 5.7% in November 2016
Jan 12,2017

Indias industrial production surged at 13-months high pace of 5.7% in November 2016 over November 2015, snapping 1.8% fall recorded in October 2016. The manufacturing sectors production jumped 5.5%, while mining output rebounded 3.9% after three months of decline, contributing to the increase in industrial production. Further, electricity generation also moved up at seven-month high pace of 8.9% in November 2016.

As per the use-based classification, the basic goods output improved 4.7% in November 2016 over a year ago, while the output of intermediate goods moved up 2.7%. The consumer goods output also moved up 5.6%. Within consumer goods, the production of consumer durables increased 9.8%, while that of consumer non-durables also gained 2.9% in November 2016. However, the output of capital goods zoomed 15% in November 2016, while snapping consistent sharp decline for last 12 straight months.

The IIP growth in October 2016 has been revised marginally upwards to (-) 1.8% in the first revision compared with (-) 1.9% reported provisionally. Meanwhile, the growth in August 2016 is unchanged at (-) 0.7% at the final revision from first revision as well as its provisional figure.

In terms of industries, sixteen out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of November 2016 as compared to the corresponding month of the previous year. The industry group Radio, TV and communication equipment & apparatus has shown the highest positive growth of 32.2%, followed by 23.2% in Electrical machinery & apparatus as well as in Motor vehicles, trailers and semi-trailers. On the other hand, Furniture; manufacturing has shown the highest negative growth of (-) 16.5% followed by (-) 5.2% in Office, accounting and computing machinery and (-) 3.2% in Tobacco products.

Some important items showing high positive growth during the current month over the same month in previous year include Cable, Rubber Insulated 185.0%, Tractors complete 95.0%, Telephone instruments including mobile phone and accessories 42.8%, Passenger cars 29.5%, Aviation Turbine Fuel 28.3%, Plastic Machinery including Moulding Machinery 24.1% and Sugar 21.2%.

Some important items that have registered high negative growth include H R Sheets (-) 49.7%), Kerosene (-) 35.7%, Molasses (-) 26.2%, Gems and Jewellery (-) 25.4%, Polypropylene (including co-polymer) (-) 23.1% and Sugar Machinery (-) 20.4%.

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Board of Hathway Cable & Datacom approves withdrawal of scheme of demerger of broadband business
Jan 12,2017

Hathway Cable & Datacom announced that the Board of Directors of the Company at its meeting held on 12 January 2017 transacted the following -

Approved withdrawal of scheme of demerger of the Broadband Business of the Company into Hathway Broadband filed with the Honble High Court of Bombay.

Approved rescinding the earlier decision of the board taken at its meeting on 26 May 2016 to merge three of its wholly owned subsidiaries with the Company.

Approved in-principle to spin-off the Cable Television Business of the Company to Companys subsidiary - Hathway Datacom Central.

Approved in-principle to 5 subsidiaries of the Company to spin-off their respective CATV Business to Hathway Datacom Central.

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Swaraj Engines to announce Q3 results
Jan 12,2017

Swaraj Engines announced that the Meeting of the Board of Directors of the Company will be held on 24 January 2017, inter alia, to consider and approve the Companys un-audited financial results for the third quarter and nine months ended 31 December 2016.

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Ujjivan Financial Services to announce December quarter results
Jan 12,2017

Ujjivan Financial Services announced that a meeting of the Board of Directors of the Company is scheduled to be held on 19 January 2017, inter alia, to consider and approve the un-audited Financial Results of the Company for the quarter ended 31 December 2016.

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Board of Adinath Textiles appoints director
Jan 12,2017

Adinath Textiles announced that the Board of Directors of the Company, at their meeting held on 12 January 2017, have appointed Priya Begana as an Additional Director (Independent) on the Board of the Company.

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Board of Cerebra Integrated Technologies to consider Q3 results
Jan 12,2017

Cerebra Integrated Technologies announced that the Board of Directors of the Company will meet on 23 January 2017, inter alia, to transact the following business:

- To consider the Un-audited financial results for the 3rd Quarter ended 31 December 2016 and any other matter.

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Khaitan Chemicals & Fertilizers to announce December quarter results
Jan 12,2017

Khaitan Chemicals & Fertilizers announced that the Board Meeting of the Company is scheduled to be held on 08 February 2017, to take on record the Unaudited Financial results for the quarter ended 31 December 2016.

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Board of B P Capital to consider scheme of amalgamation and change in registered office
Jan 12,2017

B P Capital announced that the meeting of the Board of Directors of the Company is scheduled to be held on 17 January 2017, inter alia, to transact the following businesses:

1. To consider and approve the scheme of arrangement for Amalgamation of Diamond Footcare Udyog with B P Capital.

2. To approve the proposal of shifting of the registered office of the Company from NCT of Delhi to the State of Haryana.

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Board of Gallantt Ispat to consider Q3 and 9M results
Jan 12,2017

Gallantt Ispat announced that a meeting of the Board of Directors of the Company will be held on 19 January 2017, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Nine Months ended 31 December 2016.

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