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Suven Life Sciences gains after securing a product patent in US
Jan 30,2017

The announcement was made during market hours today, 30 January 2017.

Meanwhile, the S&P BSE Sensex was up 11.72 points or 0.04% at 27,894.18.

On the BSE, 48,000 shares were traded on the counter so far as against the average daily volumes of 57,345 shares in the past one quarter. The stock had hit a high of Rs 184 and a low of Rs 176.35 so far during the day.

The stock had hit a 52-week high of Rs 228.50 on 30 May 2016 and a 52-week low of Rs 144.35 on 19 February 2016. The stock had outperformed the market over the past one month till 27 January 2017, advancing 6.97% compared with the Sensexs 6.37% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 7.13% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 12.73 crore. Face value per share is Rs 1.

Suven Life Sciences secured a product patent from US corresponding to the new chemical entities for the treatment of disorders associated with neurodegenerative diseases. The patent is valid through 2034.

Suven now has a total of 25 granted patents from US. Products out of these inventions may be out-licensed at various phases of clinical development like at phase-I or phase-II.

Suven Life Sciences net profit rose 5.2% to Rs 26.56 crore on 1.2% decline in net sales to Rs 115.55 crore in Q2 September 2016 over Q2 September 2015.

Suven Life Sciences is a bio-pharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products.

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Cabinet approves ratification of the Second Commitment Period of Kyoto Protocol to the United Nations Framework Convention on Climate Change
Jan 30,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to ratify the Second Commitment Period of the Kyoto Protocol on containing the emission of Green House Gases (GHGs). The second commitment period of the Kyoto Protocol was adopted in 2012. So far, 75 countries have ratified the Second Commitment Period.

In view of the critical role played by India in securing international consensus on climate change issues, this decision further underlines Indias leadership in the comity of nations committed to global cause of environmental protection and climate justice. Ratification of the Kyoto Protocol by India will encourage other developing countries also to undertake this exercise. Implementation of Clean Development Mechanism (CDM) projects under this commitment period in accordance with Suslainable Development priorities will attract some investments in India as well.

The United Nations Framework Convention on Climate Change (UNFCC) seeks to stabilise Green House Gas concentrations in the atmosphere at a level that would minimize interference with the climate system. Recognizing that developed countries are principally responsible for the current high levels of Greenhouse Gas (GHGs) in the atmosphere, the Kyoto Protocol places commitments on developed nations to undertake mitigation targets and to provide financial resources and transfer of technology to the developing nations. Developing countries like India have no mandatory mitigation obligations or targets under the Kyoto Protocol.

Background

The Kyoto Protocol was adopted in 1997 and the 1st commitment period was from 2008-2012. At Doha in 2012, the amendments to Kyoto Protocol for the 2nd commitment period (the Doha Amendment) were successfully adopted for the period 2013- 2020. Developed countries have already started implementing their commitments under the opt-in provisions of the Doha Amendment.

India has always emphasized the importance of climate actions by developed country Parties in the pre-2020 period. Besides, it has advocated climate actions based on the principles and provisions of the Convention, such as the principle of Equity and Common but differentiated responsibilities and respective capabilities (CBDR & RC).

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Granules India nudges higher after reporting good Q3 results
Jan 30,2017

The result was announced on Saturday, 28 January 2017.

Meanwhile, the BSE Sensex was down 17.19 points, or 0.06%, to 27,865.27.

On the BSE, 1.08 lakh shares were traded in the counter so far, compared with average daily volumes of 1.7 lakh shares in the past one quarter. The stock had hit a high of Rs 117.65 and a low of Rs 115.45 so far during the day. The stock had hit a 52-week high of Rs 151.15 on 14 July 2016. The stock had hit a 52-week low of Rs 91.45 on 9 November 2016.

It had outperformed the market over the past one month till 27 January 2017, gaining 9.32% compared with the Sensexs 6.37% rise. The scrip had, however, underperformed the market over the past one quarter declining 5.51% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 22.12 crore. Face value per share is Re 1.

Granules Indias consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 21% to Rs 81 crore in Q3 December 2016 over Q3 December 2015. Operating margin improved by 1.89% to 22.4% in Q3 December 2016 compared with 20.5% in Q3 December 2015.

Krishna Prasad Chigurupati, Chairman and Managing Director of the company said that to reinforce top-line growth momentum for the future, the company is aggressively pursuing completion of active pharmaceutical ingredients (API) and pharmaceutical formulation intermediates (PFI) expansion plans and introduction of new products following appropriate filings strategy.

Granules India announced that the board of directors of the company at a meeting held on 28 January 2017, declared third interim dividend of 25 paise per share for the year ending 31 March 2017 (FY 2017).

The board also approved further investment of $20 million in Granules Pharmaceuticals Inc., a wholly owned subsidiary of the company.

Granules India is a vertically integrated pharmaceutical company, headquartered in Hyderabad, India. It manufactures active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates (PFIs) and finished dosages (FDs).

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IT stocks decline after Trumps ban on immigration
Jan 30,2017

Wipro (down 1.39%), HCL Technologies (down 1.13%), TCS (down 1.05%), Infosys (down 1.01%), Persistent Systems (down 0.32%) and Oracle Financial Services Software (down 0.09%) edged lower. Tech Mahindra (up 0.14%) edged higher.

Meanwhile, the S&P BSE IT index was down 0.85% at 9801.07. It underperformed the S&P BSE Sensex which was down 18.39 points or 0.07% at 27,864.07.

The S&P BSE IT index had underperformed the market over the past one month till 27 January 2017, declining 1% compared with the Sensexs 6.37% rise. The index had also underperformed the market over the past one quarter, sliding 1.47% as against the Sensexs 0.12% fall.

The executive order on immigration, signed by United States President Donald Trump on Friday, 27 January 2017, indefinitely barred Syrian refugees, suspended entry of all refugees to the US for 120 days, and blocked citizens of seven predominantly muslim countries for 90 days viz. Iraq, Syria, Iran, Libya, Somalia, Sudan and Yemen. It bans all citizens from these seven countries from entering the US and leaves green card holders subject to being re-screened after visiting those countries.

US is the biggest outsourcing market for Indian IT firms.

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UIDAI Achieves 111 Crore Mark on Aadhaar Generation Unique Identity Covers to Over 99% Adult Residents of India
Jan 30,2017

Following is the statement by Shri Ravi Shankar Prasad, Minister of Electronics & IT and Law & Justice: With 68th Republic Day, Unique Identification Authority of India (UIDAI) has achieved another landmark by generating 111 crore Aadhaar in a population of 125 crore plus.

The Worlds largest and unique biometrics based identification programme with a real time online authentication infrastructure - the Aadhaar has been recognized in the recent UN Report on World Social Situation, 2016 as a developmental tool with tremendous potential to foster inclusion by giving all people, including the poorest and most marginalized, an official identity and a wonderful critical step in enabling fairer access of the people to government benefits and services, thereby enhancing social and economic distributive justice leaving no one behind.

Aadhaar generation has crossed the 111+ crore mark. Its a great achievement towards inclusion of everyone into national development fabric. It has come a long way in less than six and a half years of its journey from being a unique identification programme to transform itself into a critical development tool of public-centric good governance and targeted delivery of services/benefits/subsidies; Such a transformation became possible, because of the unique initiative of Prime Minister Narendra Modis government, to use Aadhaar, for the financial and social inclusion.

Aadhaar enrolment ecosystem with 135 registrars and 612 enrolment agencies working at 47,192 enrolment stations has been enrolling and updating7-8 lakhs requests per day. Aadhaar generation as on 31stMay 2014 was 63.22 crore with a per day enrolment/update trend of about 3-4 lakh which remained around 5-6 lakh per day till October 2016.However, since demonetization the Aadhaar enrolment and update requests are in the range of 7-8 lakhs per day. With over 47.8 crore Aadhaars generated since June 2014, Aadhaar now stands at 111+ crore. UIDAI has 28,332 Permanent Enrolment Centres where people may go for enrolment, updation and other Aadhaar related services. UIDAI has a capacity of generating and dispatching over 15 lakh Aadhaars every day.

Aadhaar which began in its first phase as a unique identification programme with an authentication infrastructure grew into its second phase as the tool of public sector delivery reforms by becoming the permanent financial address of the Aadhaar holder;and as a tool for de-duplication, e-KYC anddirect benefit transfer in its third phase, it started contributing to the management of the fiscal budget by generating saving to the Government exchequer to the tune of 36,144 crore in a few welfare schemes only in just two years. (Details in Annexure)

Now in its fourth phase, with demonetisation and Digital India drive towards less-cash economy, Aadhaar is all set to be the game changer with Aadhaar Pay - a non-traditional digital payment system without a need of card, pin, password or mobile with the consumer,

Aadhaar has empowered people by increasing convenience and making their life hassle-free towards a presenceless, paperless and cashless environment.

Dispelling apprehensions on privacy and data security, Prasad said, The Government is vigilant towards privacy protection and database security which is our paramount concern. We have Aadhaar Act 2016 which has strict provisions for protection of data and privacy.

As on date, Aadhaars total saturation percentage is 91.7% (as per Census 2011) while over 99% adult population above the age of 18 have been assigned Aadhaar numbers. Twenty two States/UTs have more than 90% saturation.

Aadhaar has become an extraordinary institution to connect the ordinary people of India into the banking system in a flawless manner.

Firstly, Aadhaar Enabled Payment System ( AEPS ) on which 119 banks are live. This helps the Banking Correspondents to go to the doorsteps in rural villages, facilitating banking transactions, with the help of Micro-ATMs, linked with Aadhaar. More than 33.87 crore transactions have taken place through AEPS, which was only 46 lakhs in May 2014. While only 7,406 AEPS points were available in May 2014, we now have over 1,65,000 agents available in the villages.

Secondly, the opening of bank accounts with Aadhaar eKYC, in which 97 banks are live and 4.47 crore bank accounts have been opened till now, which was only 1 lakh in May 2014.

Thirdly, Aadhaar Payment Bridge (APB), a seamless payment facility, which enables disbursal of benefits /other payments directly to the beneficiarys account, popularly known as Direct Benefit Transfer (DBT), has shown considerable growth in the past two years. Total number of transactions on the APB were logged at 167.36 crore worth Rs.44,967 crore which has risen by ten folds in value since 31st May 2014 ( 7 crore transactions, worth 4000 crores ).

Fourthly, with the Aadhaar Pay, soon to be launched, any person with his Aadhaar number linked to Bank account, can make and / or receive payment, with his thumb impression alone. There is absolutely no need for him to have any phone, debit card etc.. This will be available to all the persons having Aadhaar linked bank accounts, whose number stands at 39 crores now, which was only 6.7 crores in May 2014. About 2 crore Aadhaar numbers are linked to Bank accounts every month.

Benefit accrued on account for DBT/ Aadhaar since 2014

For FY 2014-15 *

S.NO.Central Ministry /DepartmentScheme / AreaSavings1MoPNGPAHAL14,672 croreS.NO.State/UTScheme / AreaSavings1RajasthanNSAP (IGNOAPS, IGNWPS, IGNDPS)19.85 Lakh2UPSocial Security Schemes520 cr.Total Savings in FY 2014-15 = Rs. 15,192.2 crore

For FY 2015-16 *

S.NO.Central Ministry /DepartmentScheme / AreaSavings1MoPNGPAHAL6,912 crore2D/o Food & Public DistributionFood subsidy10,191 crore3KendriyaSainik Board- M/o DefencePrime Minister Scholarship Scheme1.01 LakhRMDF scheme10.95 Lakhs4M/o CultureScheme on International Relations20 Lakhs

Rabi Crops Sowing Crosess 637 Lakh Hactare
Jan 30,2017

As per preliminary reports received from the States, the total area sown under Rabi crops as on 27th January 2017 stands at 637.34 lakh hectares as compared to 600.02 lakh hectare this time in 2016.

Wheat has been sown/transplanted in 315.55 lakh hectares, rice in 21.77 lakh hectares, pulses in 159.28 lakh hectares, coarse cereals in 56.90 lakh hectares and area sown under oilseeds is 83.84 lakh hectares.

  The area sown so far and that sown during last year this time is as follows:

Lakh hectare 

CropArea sown in 2016-17Area sown in 2015-16Wheat315.55292.52Rice21.7725.64Pulses159.28143.05Coarse Cereals56.9060.24Oilseeds83.8478.58Total637.34600.02

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CWC Signs MoU with IIT Madras and IIS Bengaluru to Support Their Dam Safety Capacity Building
Jan 30,2017

Central Water Commission (CWC) under the Ministry of Water Resources River Development and Ganga Rejuvenation signed two separate MoUs with IIT Madras and IIS Bengaluru. This will help them for the procurement of specified equipment and software for enhancing their capability to support dam rehabilitation efforts of CWC.

The Ministry of Water Resources, River Development and Ganga Rejuvenation has taken on board selected premier academic and research institutes, for capacity building in the areas of dam safety through World Bank assisted Dam Rehabilitation and Improvement Project (DRIP). The scope includes strengthening the testing laboratories, enhancing analytical capabilities, exposure visits to best global institutions and on ground exposure to dam safety concerns to the faculty of these institutions.

DRIP is assisting rehabilitation of 250 dams in seven States which are experiencing different levels of distress. Owners of these dams require technical support for the investigation of site conditions and supporting rehabilitation efforts. The Government of India has decided to enhance the capability of select premier institutes in dam safety areas so that they, in turn, carry out field investigations at dam sites and provide training and consulting services to assist the dam owners in their dam rehabilitation efforts. It is a holistic effort of the Government of India to equip our national institutions to develop capability and expertise at par with global institutions in the times to come.

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Board of MEP Infrastructure Developers to consider Q3 results and interim dividend
Jan 30,2017

MEP Infrastructure Developers announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, to consider, approve and take on record the Un-Audited Standalone and Consolidated Financial Results of the Company for the 3rd quarter and nine months ended 31 December 2016 and to consider declaration of interim dividend, if any, for the financial year 2016-17.

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Board of Apollo Tyres to consider further fund raising
Jan 30,2017

Apollo Tyres announced that the board of directors of the Company at its upcoming meeting to be held on 01 February 2017, proposes to consider and recommend to the shareholders of the Company for their approval, further capital raising by the Company by way of issuance of equity shares, non-convertible debt instruments along with warrants and/or convertible securities other than warrants through a qualified institutions placement in accordance with applicable laws and subject to receipt of necessary approvals.

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Board of Sparc Systems to consider December quarter results
Jan 30,2017

Sparc Systems announced that meeting of the Board of Directors will be held on 14 February 2017, inter-alia, to consider and approve the Unaudited Financial Results for the quarter ended 31 December 2016 along with Limited Review Report.

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Board of Star Paper Mills to consider Q3 and 9M results
Jan 30,2017

Star Paper Mills announced that a meeting of the Board of Directors of Company is scheduled to be held on 10 February 2017 inter-alia, consider and approve the Unaudited financial results for the for the Quarter & Nine months ended on 31 December 2016.

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Board of Cosmo Ferrites to consider December quarter results
Jan 30,2017

Cosmo Ferrites announced that a meeting of Board of Directors of the Company is scheduled to be held on 07 February 2017, inter alia, to consider and approve the Audited Financial Results of the Company for the Quarter ended 31 December 2016.

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DCB Bank announces cessation of director
Jan 30,2017

DCB Bank announced Suhail Nathani, an Independent Director of the Bank, has ceased to be a Director of the Bank on 28 January 2017 after completing the term of eight consecutive years [the maximum permissible] as per the provisions of the Banking Regulation Act, 1949.

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Siyaram Silk Mills loses luster after reporting weak Q3 results
Jan 30,2017

The result was announced on Saturday, 28 January 2017.

Meanwhile, the S&P BSE Sensex was down 15.55 points or 0.06% at 27,866.91.

On BSE, so far 307 shares were traded in the counter as against average daily volume of 1,660 shares in the past one quarter. The stock had hit a high of Rs 1,405 and a low of Rs 1,372.75 so far during the day. The stock had hit a 52-week low of Rs 925 on 2 March 2016. The stock had hit a record high of Rs 1,690 on 1 November 2016.

It had outperformed the market over the past one month till 27 January 2017, gaining 19.86% compared with the Sensexs 6.37% rise. The scrip had, however, underperformed the market over the past one quarter declining 6.46% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 9.37 crore. Face value per share is Rs 10.

Siyaram Silk Mills manufactures and markets textiles, cotton, woollen synthetics and synthetic blends. The company is known for its polyester blended worsted fabrics.

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Tata Coffee drops after weak Q3 results
Jan 30,2017

The result was announced after market hours on Friday, 27 January 2017.

Meanwhile, the S&P BSE Sensex was down 5.29 points or 0.02% at 27,877.17.

On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 69,258 shares in the past one quarter. The stock had hit a high of Rs 124.45 and a low of Rs 121.30 so far during the day.

The stock had hit a 52-week high of Rs 150.05 on 20 October 2016 and a 52-week low of Rs 81.70 on 17 February 2016. The stock had outperformed the market over the past one month till 27 January 2017, advancing 14.7% compared with the Sensexs 6.37% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 0.24% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 1.

Commenting on the companys performance, Sanjiv Sarin, Managing Director, Tata Coffee said, the company continues to grow its instant coffee portfolio in a robust manner by focusing on enhanced sales in key geographies and strengthening customer relationships. The setting up of a state-of-the-art freeze dried coffee plant in Vietnam with an installed capacity of 5,000 million tonnes per annum will further strengthen Tata Coffees growth in the premium instant coffee segment thereby strengthening its global footprint.

Tata coffee is leading player in coffee business.

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