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Outcome of board meeting of Capital Trade Links
May 29,2017

The Board of Directors of Capital Trade Links at its meeting held on 29 May 2017 has appointed Vinay Kumar as Whole Time Director in place of Raj Kumar who has resigned from directorship with effect from 29 May 2017. The board also approved increase in authorised share capital from 5.10 crore to Rs 5.50 crore subject to approval of shareholders. The Board approved change in registered office to Capital House, B-4, LGF, Ashoka Niketan, New Delhi.

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Thangamayil Jewellery provides business update
May 29,2017

Thangamayil Jewellery is opening a new outlet exclusively for sale of silver articles at Thirupuvanam, Sivagangai District, Tamil Nadu on 01 June 2017.

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TV18 Broadcast gets revision in credit ratings
May 29,2017

TV18 Broadcast announced that ICRA has revising the credit ratings of the Companys rated instruments as given below:

(i) The fund based/non-fund based long term/ short term limits of Rs. 354 crore:
a. Upgraded the assigned long term rating to [ICRA]AAA (pronounced ICRA triple A) from [ICRA] AA+ (pronounced ICRA double A plus).
b. Reaffirmed the assigned short-term rating at [ICRA] A1+ (pronounced ICRA A one plus).

(ii) The Commercial Paper Programme aggregating to Rs. 400 crore: Reaffirmed rating at [ICRA] A1+ (pronounced ICRA A one plus).

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Special Drive to enroll left out electors giving focus on first time electors (young Indian Citizens in age group of 18-19 (extendable to 21 years)
May 29,2017

The Election Commission of India has decided to launch a Special Drive from 1st June this year for maximization of registration of eligible electors and removing the impurities in the rolls. In tune with the theme of No voters to be left behind the ECI has decided to utilise the period of continuous updation for maximisation of enrolment of young electors particularly 18-19 age group by launching a special drive in all States.

During the campaign, which will be completed by 31st July 2017, following activities will be undertaken by election official in all States.

n++ Submission of Forms shall be available to electors in following modes:-

n++ Submission of Form 6 at EROs Office

n++ Sending of Form 6 by Post

n++ Online Submission of Form 6 at National Voters Service Portal (NVSP)

n++ Submission of online Form 6 at Common Service Centers (CSCs)

Following additional services for the purpose shall also be provided during special drive:-

n++ Door to Door visit of BLOs: BLO shall visit door to door of the households to collect Form 6 from the applicants, particularly 18-19 age group (extendable to 21years of age) from 1st July 2017 and 31st July 2017 (except the Special Campaign Dates).

n++ Mobile App.: A user can also fill the Form using mobile app The Voter Services mobile application, available only on the Commissions website.

n++ National Call Centre (NCC): The ECI has also provided facility of National Call Centre for extending Citizen Services. At the State level, CEO will provide State Call Centre (SCC) and District Contact Centre (DCC) at district level by upgrading 1950 on the same line of National Contact Centre. A citizen making a call at NCC/SCC/DCC will be informed about procedure of Form submission through the above modes. If a differently abled person making call at any of these centres, expresses his inability to utilize any of the above services, then a visit by BLO concerned will be arranged at his/her address for getting the Form filled and receiving it back from that person for further processing. This service will be provided free of cost.

n++ Paid Services: CSCs will provide services of making online filling and hard copy Form digitization on payment basis.

i. Special Campaign Dates: Special Campaigns will be organized on two dates in the month of July 2017, which will be publicised through media by the Chief Electoral Officer. On these dates, Camps will be held in each polling station where Booth Level Officer will sit with adequate number of Forms 6, to receive Forms from the applicants. On the day of camp, entire final electoral roll, 2017 along with its supplements, if any, shall be pasted on the wall of the polling stations. The roll shall also be read out publically by the BLO on that date. The left out eligible citizens will fill Forms 6 and give the same to the BLO at the polling station itself, or submit through any other available means during the Special Drive. Special camps will also be conducted in all Government and Private Educational Institutions (colleges and Schools)/Vocational Training Institutes on at least any two different days between 1st July 2017 and 31st July 2017.

ii. Removal of names of dead electors: During the Special Drive, removal of names of dead electors will also be taken up. For identification of such dead electors, data on registered deaths shall be collected from the Registrar of Deaths and all registered death entries should be removed during the Special Drive.

iii. Disposal of Forms: Disposal of Forms 6 and Forms 7 (death cases), received during Special Drive will be done by 31st August 2017. However, Forms 7 (other than death cases), Form 8 and 8A received during the period will be done only after the Special Drive.

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AstraZeneca Pharma India to launch cancer drug - Osimertinib Tablet
May 29,2017

AstraZeneca Pharma India has received import and market permission in Form 45 (Marketing Authorization) from the Drug Controller General of India for Osimertinib Tablet 40 mg and 80 mg.

The receipt of this import and market permission paves way for the launch of Osimertinib Tablets (Tagrisso TM) in India, subject to the receipt of other related statutory approvals and licenses.

Osimertinib (Tagrisso TM) is the product of AstraZeneca group and has been approved in over 45 countries, including US, EU, Japan, China and other Asian countries.

Osimertinib (Tagrisso TM) is indicated for the treatment of patients with metastatic epidermal growth factor receptor (EGFR) T790M mutation-positive non-small cell lung cancer (NSCLC), as detected by an appropriate test, whose disease has progressed on or after EGFR TKI therapy.

Osimertinib (Tagrisso TM) is the first-in-class oral medication for advanced EFGR T790M mutation positive Non-Small Cell Lung Cancer.

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40 crore workers from unorganized sector to be covered under social security schemes: Shri Bandaru Dattatreya
May 29,2017

The Minister of State for Labour & Employment (IC), Shri Bandaru Dattatreya has announced that the 40 crore workers from unorganized sector will be covered under social security schemes such as ESIC & EPFO. The Minister said that the Government is committed to ensure wage, jobs and social security for all workers including unorganized sector. Shri Dattatreya was addressing a function on the 3 years achievements of the his ministry in New Delhi today. He said that the Ministry is implementing reforms and new ways and means for employment generation. India is the only country which has launched Shram Suvidha Portal for effective compliance and ease of doing business. The Ministry is implementing the National Career Service (NCS) project as a vibrant platform for transforming and strengthening the public employment services in the country.

Shri Dattatreya said that the Ministry got the following Acts passed by the Parliament during last 3 years.

1- The Child Labour (Prohibition and Regulation) Amendment Act, 2016 which ensures complete prohibition on employment of children below 14 years and also prohibited the adolescents (14-18 years ) to work in hazardous occupation/processes

2- The Maternity Benefit (Amendment) Act, 2017 under which maternity benefit to woman has been increased from 12 weeks to 26 weeks for two surviving children and 12 weeks for more than two children

3- The Payment of Wages(Amendment) Act,2017 enables the employers to pay the wages to their employees by cash or cheque or crediting it to their bank account.

4- The Employees Compensation (Amendment) Act, 2017 has the provision to increase the penalty for contravention of Act from present Rs.5000/- to Rs. 50,000/- extendable to Rs.1 Lakh.

5- Payment of Bonus Amendment Act, 2015 has enhanced the eligibility limit under section 2(13) from Rs. 10,000/- to Rs.21,000/- per month.

6- The Industrial Employment (Standing Orders) Act, 1946 has been amended by notification to include n++fixed term employmentn++ for textile (apparel) sector as a part of textile package to enhance employment.

The Labour & Employment Minister said that the Ministry is working on the proposed codification of existing Labour Laws into 4 Labour Codes.

(i) Labour Code on Wages

(ii) Labour Code on Industrial Relations

(iii) Labour Code on Social Security and Welfare

(iv) Labour Code on Occupational Safety and Working Conditions

The Group of Ministers has approved the Labour Code on Wages and it will be sent to cabinet for approval.

The Minister said that the Minimum wage (per day) for non-agricultural worker in the C area category increased from Rs 246 to Rs 350, Rs 437 in B Area category and Rs 523 in A area category. He also informed that the Shram Suvidha Portal is a single unified web portal for submissions of common Annual Return under 9 Central Acts and monthly common Electronic Challan Cum Return (ECR) for EPFO and ESIC. He also informed that Unique Labour Identification Number (LIN) is allotted to Units and 19,23,162 Lakhs LIN allotted as on on 22nd May, 2017. Total 2,95,423 inspections have been assigned and out of that 2,76,931 inspections have been uploaded as on 22nd May, 2017. Common registration under EPFO and ESIC has been facilitated on the Shram Suvidha Portal since 30th April, 2017.

Shri Dattatreya said that Registers/Forms to be maintained under various labour laws are simplified. 56 Registers/- Forms under 9 Central Labour Laws and Rules made thereunder have been replaced with 5 common Registers/Forms. The notification has been issued on 28th March, 2017 for reducing Forms under certain Labour Law Rules from 36 to 12. It is applicable to the establishments under the jurisdiction of Central as well as State Governments.

He said that employers can apply for EPF code number online by uploading of digitally signed documents. As on 06th December, 2016 around 1.52 Lakhs establishments have been obtained online registration on OLRE portal. Universal Account Number(UAN) has been made compulsory and online credit system introduced. Minimum pension under Employees Pension Scheme, 1995 has been revised to Rs. 1000/- in perpetuity per month w.e.f. April 2015. Time limit for claim settlement has been reduced to 10 days from 20 days. No documents required and only self-certification is necessary for withdrawal under the EPF scheme for the accounts linked with Aadhaar.

The Minister informed that ESIC is now covering complete districts instead of targeted industrial clusters. Coverage expanded to all 393 districts where these clusters are located. 301 districts have been fully covered. In the second phase, the target is to cover all the remaining districts of the country. n++One IP-Two Dispensariesn++ scheme has been launched for the benefit of migrant workers. Now Insured Persons can choose two dispensaries, one for self and another for family through an employer.

Shri Bandaru Dattatreya said that over 3.87 crore candidates, 14.8 lakh establishments are registered on the National Career Service (NCS) Portal and it has mobilized over 6 lakh vacancies. Around 540 job fair were organised in 2016-17. The NCS project also involves setting up of 100 Model Career Centre to deliver quality employment services and these centres are being set up in collaboration with States and Institutions. NCS has partnered with Department of Posts and common services centre to extend registration of job seekers through the Post Offices.

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) scheme has been announced to incentivize employers for new employment. Government will be paying the 8.33% EPS contribution for these new employment for the period of 3 years. For the textile (Apparel & made up) sector, Government will also pay the 3.67% EPF contribution of employers for these new employees. Till now benefit have been transferred to 1,954 establishments covering 75,848 beneficiaries under the scheme with an expenditure of Rs. 6 crores (approx.).

Rehabilitation of Bonded Labour Scheme has been revised with effect from 17th May, 2016 where financial assistance has been increased from Rs.20,000/- Rs.1,00,000/- per adult male beneficiary, Rs 2 Lakh for special category beneficiaries such as children including orphans or those rescued from organized & forced begging rings or other forms of forced child labour and women. Rs 3 Lakh in cases of bonded or forced labour involving extreme cases of deprivation or marginalization.

The Secretary, Ministry of Labour & Employment, Ms. M. Sathiyavathy in her welcoming address said that the Government is creating environment to facilitate employment with quality and fair wages. For this number of initiatives and programmes have been undertaken.

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Railway PSU RITES records 18% rise in revenue in FY 2016-17
May 29,2017

RITES, under the Ministry of Railways has recorded 18% increase in its total income in FY 2016-17 compared to 2015-16. It has for the first time crossed the Rs. 1500 crores benchmark. Despite severe competition from domestic and foreign consultancy companies, RITES recorded PAT of around Rs.330 crores on a turnover of Rs.1508 crores, according to the provisional results submitted to its Board of Directors.

The company has also issued 2 bonus issues during the year, increasing its paid-up capital from Rs. 100 crores to Rs. 200 crores.

During the year, the company completed the supply of 120 coaches to Bangladesh Railways and has signed two new contracts with Sri Lanka Railways for the supply of Indian Railways produced locos (DLW, Varanasi) and DMU train sets (ICF, Chennai) which will be exported in the coming year by RITES to Sri Lanka Railways.

In India, RITES is also involved in mega transportation projects like dedicated freight corridors, metros, high speed rail studies, logistics parks, rail infrastructure and green energy etc.

With positive scenario for investments in railways and other infrastructure sectors, the company sees high growth in the coming years. In India, RITES is working on two major turnkey projects from the Ministry of Railways, for the third line in Pendra Road- Anuppur section of Bilaspur division of South East Central Railway and Gooty- Dharmavaram doubling works for South Central Railway.

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Yuken India provides business update
May 29,2017

Yuken India announced that as per the Joint Development Agreement dated 28 January 2016 entered into with Brigade Enterprises, the Company has handed over the possession of the property situated at Survey No. 132 and Survey No. 133, Pattandur Agrahara Village,Bangalore East Taluk, Bangalore Brigade Enterprises for development.

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Board of Rodium Realty recommends final dividend
May 29,2017

Rodium Realty announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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KRBL consolidated net profit rises 17.64% in the March 2017 quarter
May 29,2017

Net profit of KRBL rose 17.64% to Rs 109.83 crore in the quarter ended March 2017 as against Rs 93.36 crore during the previous quarter ended March 2016. Sales rose 28.11% to Rs 912.78 crore in the quarter ended March 2017 as against Rs 712.47 crore during the previous quarter ended March 2016.

For the full year,net profit rose 36.25% to Rs 399.40 crore in the year ended March 2017 as against Rs 293.14 crore during the previous year ended March 2016. Sales declined 6.36% to Rs 3149.03 crore in the year ended March 2017 as against Rs 3362.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales912.78712.47 28 3149.033362.81 -6 OPM %19.3413.89 -20.4413.29 - PBDT176.82132.58 33 598.98440.57 36 PBT159.54119.09 34 537.56390.79 38 NP109.8393.36 18 399.40293.14 36

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Max India reports standalone net loss of Rs 4.38 crore in the March 2017 quarter
May 29,2017

Net Loss of Max India reported to Rs 4.38 crore in the quarter ended March 2017 as against net loss of Rs 1.21 crore during the previous quarter ended March 2016. Sales declined 45.08% to Rs 7.82 crore in the quarter ended March 2017 as against Rs 14.24 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.58 crore in the year ended March 2017 as against net profit of Rs 14.34 crore during the previous year ended March 2016. Sales declined 24.23% to Rs 51.63 crore in the year ended March 2017 as against Rs 68.14 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7.8214.24 -45 51.6368.14 -24 OPM %-72.8917.49 -2.5234.27 - PBDT-5.702.49 PL 1.3523.36 -94 PBT-5.842.31 PL 0.5522.63 -98 NP-4.38-1.21 -262 -2.5814.34 PL

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Franklin Industries reports standalone net loss of Rs 0.04 crore in the March 2017 quarter
May 29,2017

Net loss of Franklin Industries reported to Rs 0.04 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. Sales declined 43.33% to Rs 0.34 crore in the quarter ended March 2017 as against Rs 0.60 crore during the previous quarter ended March 2016.

For the full year,net profit rose 100.00% to Rs 0.02 crore in the year ended March 2017 as against Rs 0.01 crore during the previous year ended March 2016. Sales rose 1.39% to Rs 1.46 crore in the year ended March 2017 as against Rs 1.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.340.60 -43 1.461.44 1 OPM %-17.65-1.67 --0.680 - PBDT-0.040 0 0.020.01 100 PBT-0.040 0 0.020.01 100 NP-0.040 0 0.020.01 100

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Mold-Tek Packaging standalone net profit declines 3.72% in the March 2017 quarter
May 29,2017

Net profit of Mold-Tek Packaging declined 3.72% to Rs 6.98 crore in the quarter ended March 2017 as against Rs 7.25 crore during the previous quarter ended March 2016. Sales rose 15.52% to Rs 81.44 crore in the quarter ended March 2017 as against Rs 70.50 crore during the previous quarter ended March 2016.

For the full year,net profit rose 11.99% to Rs 26.99 crore in the year ended March 2017 as against Rs 24.10 crore during the previous year ended March 2016. Sales rose 11.85% to Rs 308.33 crore in the year ended March 2017 as against Rs 275.67 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales81.4470.50 16 308.33275.67 12 OPM %16.2718.61 -16.4716.52 - PBDT13.3313.21 1 50.9445.28 13 PBT10.7610.99 -2 41.0236.78 12 NP6.987.25 -4 26.9924.10 12

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Pincon Lifestyle standalone net profit rises 36.36% in the March 2017 quarter
May 29,2017

Net profit of Pincon Lifestyle rose 36.36% to Rs 1.50 crore in the quarter ended March 2017 as against Rs 1.10 crore during the previous quarter ended March 2016. Sales rose 4.84% to Rs 60.24 crore in the quarter ended March 2017 as against Rs 57.46 crore during the previous quarter ended March 2016.

For the full year,net profit rose 300.68% to Rs 5.93 crore in the year ended March 2017 as against Rs 1.48 crore during the previous year ended March 2016. Sales rose 272.85% to Rs 321.32 crore in the year ended March 2017 as against Rs 86.18 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales60.2457.46 5 321.3286.18 273 OPM %5.282.61 -3.092.39 - PBDT2.311.65 40 9.072.20 312 PBT2.281.59 43 8.992.14 320 NP1.501.10 36 5.931.48 301

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Valley Magnesite Company reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
May 29,2017

Net profit of Valley Magnesite Company reported to Rs 0.01 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit declined 15.09% to Rs 0.45 crore in the year ended March 2017 as against Rs 0.53 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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