My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Hero MotoCorp in focus after announcing interim dividend
Mar 08,2017

Hero MotoCorp announced after market hours yesterday, 7 March 2017, that the board of directors of the company at its meeting held on 7 March 2017, declared interim dividend of Rs 55 per equity share of Rs 2 each for the financial year 2016-2017. The board has fixed 18 March 2017 as record date for payment of interim dividend. The payment of interim dividend will be completed by 5 April 2017.

Infosys announced after market hours yesterday, 7 March 2017, that Algerias The Housing Bank has selected lnfosys Fn++nacle to power its operations. The Housing Bank, one of the most respected banks in the Middle East, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, announced the selection of the Finacle suite of solutions to power the banks operations in Algeria.

The Housing Bank Algeria is one among the 22 private & public banks in the country, and provides its banking operation through a network of 7 branches distributed among cities of Algiers. Finacle is a universal banking solution from EdgeVerve Systems, a wholly owned product subsidiary of Infosys.

Tata Steel will be watched. Tata Steel UK yesterday, 7 March 2017, informed employees it will close the British Steel Pension Scheme to future accrual with effect from 31 March 2017. From 1 April 2017, employees will save for their retirement through a new and competitive defined contribution pension scheme.

Tata Steel UK continues to be deeply engaged with the pension scheme trustee, the trade unions and relevant regulatory and government bodies to identify the best prospects for the future sustainability of its UK operations and a fair and practical outcome for the members of the British Steel Pension Scheme, a press release said. The company believes that finding a structural solution to address the risks from the pension scheme to the viability of the business is a crucial part of its ongoing UK transformation plan. The announcement was made after market hours yesterday, 7 March 2017.

Wockhardt announced that the Health Products Regulatory Authority of Ireland (HPRA) inspected the companys Shendra facility in Aurangabad and has recommended the renewal of certificate based on the general compliance with the principles and guidelines of Good Manufacturing Practice of the Shendra manufacturing unit. The announcement was made after market hours yesterday, 7 March 2017.

Central Bank of India said it successfully raised Rs 500 crore and have allotted 5000 bonds of Rs 10 lakh each. The announcement was made after market hours yesterday, 7 March 2017.

Dilip Buildcon said that the company has acquired 100% equity shares of Bhavya Infra & Systems. By the virtue of the acquisition Bhavya Infra & Systems has become a wholly owned subsidiary of the company. The announcement was made after market hours yesterday, 7 March 2017.

Powered by Capital Market - Live News

PNC Infratech in focus after being declared as lowest bidder for highway project
Mar 07,2017

PNC Infratech was declared the L1 (lowest) bidder for NHAI project of six laning Chitradurga - Davanagere including Chitradurga bypass, design chainage km 0.000 to km 20.700 and Km 208.000 to km 260 of NH 48 (Old NH-4) in the state of Karnataka under NHDP V, to be executed on Hybrid Annuity Mode for a bid project cost of Rs 1434 crore. Four firms participated in the bidding and the price bids were opened on 6 March 2017, with PNCs bid being the lowest (L1). This is the second hybrid annuity project won by PNC having construction period of 2 n++ years and operation period of 15 years.

Bharat Electronics has fixed 17 March 2017 as record date for its 10-for-1 stock-split proposal. The announcement was made after market hours yesterday, 6 March 2017.

Tech Mahindra said it will buy US-based healthcare provider CJS Solutions Group for an enterprise value of $110 million. The deal includes an upfront cash payment of $89.5 million to buy an 84.7% stake in CJS with the remaining 15.3% to be acquired over three years, the company said in a press release. The transaction is expected to close before the end of April 2017. The announcement was made after market hours yesterday, 6 March 2017.

Coal Indias board of directors yesterday, 6 March 2017, approved payment of interim dividend of Rs 18.75 per share for the year ending 31 March 2017 (FY 2017). The record date for the interim dividend is 15 March 2017. The announcement was made after market hours yesterday, 6 March 2017.

Arfin India said it bagged an order worth around Rs 107 crore from JSW Steel for supplying its three units located at Bellary, Dolvi and Salem for the financial year 2017-2018. The announcement was made after market hours yesterday, 6 March 2017.

Central Bank of India said that ICRA has revised its rating on banks bonds. ICRA has revised the banks lower tier II bonds - credit rating to [ICRA]A+ (outlook : negative) from [ICRA]AA- (outlook : negative). The rating on upper tier II bonds - credit rating was revised to [ICRA]A (outlook : negative) from [ICRA]A+ (outlook : negative). The rating downgrade factors the continuing deterioration in asset quality, poor financial results for past three quarters upto Q3 December 2016 wherein the bank had to make large provision towards NPAs, and their effect on capital adequacy ratio. The announcement was made after market hours yesterday, 6 March 2017.

Cairn India said it has appointed senior oil & gas advisors, Melody Meyer and Atul Gupta. These senior leaders bring on board more than 70 years of combined experience across oil & gas conglomerates such as Chevron, Petrofina and Burren Energy, across geographies as diverse as Middle East, Central Asia and Alaska. They will provide strategic direction and delivery focus to Cairn India, as the company embarks upon its growth journey of contributing to 50% of Indias overall crude production, through 5 billion barrels of oil equivalent reserves and growing and sustaining production at 300,000 barrels of oil and oil equivalent per day. The announcement was made after market hours yesterday, 6 March 2017.

Mangalore Chemicals & Fertilizers said it has completed the reassessed capacity of urea production for the financial year 2016-2017, as fixed by the Department of Fertilizers (DoF), Government of India. The company is also carrying out annual maintenance of its plants. In view of this, the company has shutdown its ammonia, urea and ABC plants from 3 March 2017. The company will inform once it resumes operations of these plants. The announcement was made after market hours yesterday, 6 March 2017.

Powered by Capital Market - Live News

Bharti Airtel in focus on entering into an agreement with Millicom to merge telecom operations in Ghana
Mar 06,2017

Bharti Airtel and Millicom International Cellular SA announced that they have through their respective subsidiaries entered into an agreement for Tigo Ghana and Airtel Ghana to combine their operations in Ghana. As per the agreement, Airtel and Millicom would have equal ownership and governance rights in the combined entity. The announcement was made after market hours on Friday, 3 March 2017.

The combined business would serve nearly 10 million customers, of which 5.6 million are data customers. It would cover more than 80% of Ghanas population with high speed data and would have revenues close to $300 million, making it one of the largest communications companies in Ghana, Airtel said.

Cipla announced that it has entered into agreements, through its Wholly Owned Subsidiary Inyanga Trading 386 Proprietary (Inyanga), with the group companies of Ascendis Health, South Africa for divesting its animal health business in South Africa and Sub-Saharan Africa. The announcement was made on Saturday, 4 March 2017.

Under the agreements, Cipla will divest its 100% stake in Cipla Agrimed Proprietary (Cipla Agrimed), South Africa and Cipla Vet Proprietary (Cipla Vet), South Africa. The total consideration of transaction would be ZAR 375 million with potential revision linked to FY2017 performance along with customary adjustment (within the price band of R250m and R500m) in relation working capital and net debt/cash adjustments. The deal is subject to customary closing conditions including approval from competition commission of South Africa and is expected to close in the next 3 months.

Dr Reddys Laboratories has announced the completion of the acquisition of 100% stake in Imperial Credit, a non-banking finance company, based in Kolkata, for a consideration of Rs 2.05 crore. The acquisition process was consummated on receipt of applicable regulatory approvals. The company proposes to undertake the groups captive financial activities through this entity. The announcement was made after market hours on Friday, 3 March 2017.

IndusInd Bank opened a new branch in Gurgaon to expand presence across Haryana. IndusInd Bank had recently inaugurated a branch in Gurgaon, one of the leading financial and industrial hubs in India. With the inauguration of this branch, the bank now has 29 branches in Gurgaon city. The announcement was made after market hours on Friday, 3 March 2017.

Punjab National Bank said that it has raised Rs 1500 crore Additional Tier I (Basel III Compliant) Capital Bonds at a coupon rate of 8.95% per annum, payable semi - annually on private placement basis on 3 March 2017. The announcement was made after market hours on Friday, 3 March 2017.

Shares of Jagran Prakashan will be in focus as the initial public offer (IPO) of Music Broadcast will open for subscription today, 6 March 2017. The price band for the IPO is Rs 324 to Rs 333 per share. The IPO closes on 8 March 2017. Music Broadcast, promoted by Jagran Prakashan, operates radio stations under the brand Radio City.

Powered by Capital Market - Live News

DCB Bank may gain on plans to raise funds
Mar 03,2017

DCB Bank said that a meeting of the board of directors of the bank will be held on 7 March 2017, to consider and approve, issue of securities/shares, including issue of securities/shares to qualified institutional buyers. The announcement was made after market hours yesterday, 2 March 2017.

TCS has launched the next version of HOBS (Hosted OSS/BSS)- a TM Forum certified platform for digital enterprises- at Mobile World Congress in Barcelona. The announcement was made after market hours yesterday, 2 March 2017.

ICICI Bank acting through its DIFC (Dubai) branch, priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million. The notes were sold under the RegS format. The notes carry a coupon of 3.25% and were offered at an issue price of 99.447. The announcement was made after market hours yesterday, 2 March 2017.

Bharti Airtel has clarified with regards to news item titled Nokia, Airtel join hands on 5G, IoT applications that this is a routine ordinary course of business transaction that cannot and does not have a material impact on the company. Bharti Airtel has a long term strategic partnership with Nokia for network equipment and the present partnership is an extension of the association, it added. The announcement was made after market hours yesterday, 2 March 2017.

Tata Motors announced that the board constituted committee meeting held on 2 March 2017, approved offering for subscription 5,000 rated, listed, unsecured, 7.71% coupon, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating up to Rs 500 crore on a private placement basis. NCDs have tenure of 1826 days from the deemed date of allotment. The announcement was made after market hours yesterday, 2 March 2017.

Corporation Bank has fixed the banks tenor based Marginal Cost of Funds Based Lending Rate (MCLR), for all new rupee loans and advances including renewals from 1 March 2017. Overnight MCLR was fixed at 8.25%, one month MCLR was fixed at 8.25%, three months MCLR was fixed at 8.3%, six months MCLR was fixed at 8.65% and one year MCLR was fixed at 8.75%. The announcement was made after market hours yesterday, 2 March 2017.

Hindalco Industries said that a meeting of the Capital Raising Committee will be held on or after 7 March, 2017 to inter alia consider and approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the equity shares to be allotted to qualified institutional buyers pursuant to the QIP. The announcement was made after market hours yesterday, 2 March 2017.

Accel Frontline will be in focus. The board of directors of Accel Frontline approved the sale of the entire stake of a subsidiary company Accel Systems & Technologies Pte., Singapore (ASTL). The announcement was made after market hours yesterday, 2 March 2017.

National Aluminium Company said that the company has posted 16.8% growth in bauxite production upto February 2017 with a volume of 65.64 lakh tonnes, the highest since its inception. Similarly, the hydrate production at its refinery has also registered an increase of 6.8%. The hydrate production till February 2017 was 18.9 lakh tonnes as against 17.7 lakh tonnes for the same period in the previous year. At its aluminium smelter, cast metal production grew by 3.79% and the aluminium metal sales grew by 2.68%. The announcement was made after market hours yesterday, 2 March 2017.

Separately, the companys board of directors has approved payment of interim dividend of Rs 2.80 per share for the financial year ending 31 March 2017. The announcement was made after market hours yesterday, 2 March 2017.

Powered by Capital Market - Live News

Tata Motors may drop on small rise in sales in February
Mar 02,2017

Tata Motors total sales rose 2% to 47,573 vehicles in February 2017 over February 2016. The companys domestic sales of Tata commercial and passenger vehicles rose 3% at 42,679 units in February 2017 over February 2016. The announcement was made after market hours yesterday, 1 March 2017.

Tata Motors passenger vehicles, in the domestic market, recorded 12% rise in sales at 12,272 units in February 2017 over February 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa.

The overall commercial vehicles sales in February 2017, in the domestic market were at 30,407 nos. lower by 1% over February 2016. The MHCV cargo segment demand has picked up due to pre-buying on account of expected price increase led by BSIV implementation from 1st April. Overall sales of Tata Motors M&HCV were at 15,031 nos. in February 2017, a growth of 1%, over February 2016. TML Bus sales continued to grow by 30% in February 2017, driven particularly by STU orders, supported by Intercity and Staff Application segments. Demand from schools is also gaining momentum.

Improved consumer sentiments, waning effect of demonetization and aggressive push by the market players has led to recovery of S&LCV segment volumes, this month. Sales of Tata Motors Small & Light Commercial Vehicles were at 15,376 nos., in February 2016.

The companys sales from exports was at 4,894 nos. in February 2017, a decline of 5% (owing to lower PV shipment) compared to 5,142 vehicles sold in February 2016.

Eicher Motors said that sale volume of VE Commercial Vehicles Limited, an unlisted subsidiary of Eicher Motors rose 9.28% to 5,499 units in February 2017 over February 2016. The announcement was made after market hours yesterday, 1 March 2017.

In a signal of the steadily improving market situation, Hero MotoCorp, the worlds largest two wheeler manufacturer, reported 4.75% drop in sales of 524,766 units of two-wheelers in the month of February 2017 over February 2016.

Majority of Hero two-wheelers had already been made BS IV compliant quite sometime back and the company has fully transitioned to producing only BS IV vehicles across the range from 1 March 2017.

Following the demonetisation initiative of the government in November, Hero immediately installed and activated POS machines at its retail outlets and also rolled out several other effective initiatives to enable cashless transactions, including innovative and consumer friendly financing schemes. With improvement in the currency situation and in the consumer sentiment, Heros volumes are gradually picking up. The announcement was made after market hours yesterday, 1 March 2017.

Pharma Major Lupin announced that it has launched its Clobetasol Propionate Topical Solution USP, 0.05% having received an approval from the United States Food and Drug Administration (FDA) earlier to market a generic version of Fougera Pharmaceuticals Temovate (clobetasol propionate) Scalp Application, 0.05%.

Lupins Clobetasol Propionate Topical Solution USP, 0.05% is an AT rated generic equivalent of Fougera Pharmaceuticals Temovate (clobetasol propionate) Scalp Application, 0.05%. It is indicated for short-term topical treatment of inflammatory and pruritic manifestations of moderate to severe corticosteroid-responsive dermatoses of the scalp.

Temovate Clobetasol Propionate Scalp Application had US sales of $64.1 million as per IMS MAT December 2016.The announcement was made after market hours yesterday, 1 March 2017.

Coal India said that production of the company and its subsidiary companies was 96% of targeted production at 54.30 million tonnes in February 2017. Offtake was 94% of target at 47.73 million tonnes in February 2017. The announcement was made after market hours yesterday, 1 March 2017.

Wipro announced that it has completed the sale of its EcoEnergy division on 1 March 2017. The impact of sale of EcoEnergy division is expected to reflect in the financials of Wipro for the quarter and year ending 31 March 2017. The announcement was made before market hours today, 2 March 2017.

Bank of India announced that it is in the process of raising Basel-III compliant additional tier-1, perpetual bonds-Series 4, for an amount of Rs 500 crore with a green shoe option of Rs 500 crore, aggregating Rs 1000 crore by private placement. The details of the issue shall be informed in due course. The announcement was made after market hours yesterday, 1 March 2017.

TVS Motor Companys sales fell 3.64% to 211,470 units in the month of February 2017 over February 2016. As part of our plans to gear up for the BSIV norms, the company has completely transitioned to the production of BSIV vehicles. The announcement was made after market hours yesterday, 1 March 2017.

Total two-wheelers registered sales of 206,247 units in February 2017 as against 211,148 units in February 2016. Domestic two-wheelers recorded sales of 172,611 units in February 2017 as against 183,199 units recorded in February 2016.

Scooters sales grew by 2.9% from 67,089 units in the month of February 2016 to 69,020 units in the month of February 2017. Motorcycles recorded sales of 58,994 units in February 2017 as against 77,093 units registered in the month of February 2016. Three-wheeler of the Company registered sales of 5,223 units in February 2017 as against 8,319 units inFebruary 2016.

Powered by Capital Market - Live News

Surya Roshni may gain on plans to start production of steel pipe plant
Mar 01,2017

Surya Roshni said that commercial production at the companys newly set-up steel pipe plant at Hindupur Dist. Ananthapuramu (A.P) for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 metric tonne per annum to commence from 1 March 2017. With the start of operations at Hindupur Plant, the company will achieve savings in logistic cost and further leveraging its presence in the premium market of South India resulted into creation of a larger and stronger steel pipes business with economies of scale.

Being a plant set-up at notified backward area in Andhra Pradesh, the company is eligible for deduction under section 32AC & 32AD of the Income Tax Act, 1961. The announcement was made after market hours yesterday, 28 February 2017.

Housing Development Finance Corporation (HDFC) said that a meeting of the board of directors of the company will be held on 3 March 2017, to consider and approve payment of interim dividend, if any, on the equity shares of the company for the financial year ending 31 March 2017. The objective is to distribute dividends received from the companys subsidiaries during the year to its shareholders. HDFC has fixed 11 March 2017 as the record date for the purpose of payment of interim dividend. The announcement was made after market hours yesterday, 28 February 2017.

Hero MotoCorp announced that a meeting of the board of directors of the company is scheduled to be held on 7 March 2017, to consider declaration of interim dividend for the financial year 2016-17.

Shares of HPCL turn ex-dividend today, 1 March 2017 for an interim dividend of Rs 22.50 per share for the year ending 31 March 2017 (FY 2017).

Wipro announced that it has offered loT-Based solution from Hewlett Packard Enterprise to power wind parks and wind turbine manufacturers. The announcement was made after market hours yesterday, 28 February 2017.

Spice Mobility announced that Spice Labs Private Limited, a step down subsidiary of the company, has made strategic investment in Exponentially I Mobility, LLP, a Limited Liability Partnership.. The LLP was established with objects of development and promotion of mobile applications and technology.Consequently, Spice Labs Private limited has become, a partner with a profit sharing ratio of 28.46% in the said LLP. The announcement was made after market hours yesterday, 28 February 2017.

Indiabulls Real Estate announced that through a letter received on 27 February 2017, the company have been informed that the relevant authorities have granted a height no objection certificate (NOC) 163 meters for Sky Suites project.

Given the height NOC received for Sky Suites which is 163 meters from the Airport Authority of India, this is expected to have a bearing on the total area that can be built on the project which the company will be able to quantity after detailed workings with consultants and authorities. The announcement was made after market hours yesterday, 28 February 2017.

Thomas Cook (India) in a strategic initiative to expand Indias travel market, has conceptualized a unique annual property, n++The Grand Indian Holiday Salen++, carefully timed to coincide with the peak booking window for summer vacations- Indias largest holiday season. The announcement was made after market hours yesterday, 28 February 2017.

The focused intent to catalyse holiday demand is delivered via a range of specially curated offers and discounts targeting Indias quintessential value seeker. With this annual property, Thomas Cook India seeks to make holidays affordable for every Indian and its tag line reads, n++Ab Poora India Ghommega!n++

This intense 10 day sale offers Indias travellers a range of attractive deals and discounts on both domestic and international bookings, covering flights, hotels and holiday packages. To capture its diversity of customers, digitally native and retail, and ensure convenience and easy access, n++The Grand Indian Holiday Salen++, is available across Thomas Cook Indias omnichannel network - its online platforms (mobile & website), call centers & extensive offline outlets.

Majesco said that Majesco, USA, (Majesco) the Insurance arm and a subsidiary of Majesco, announced about the launch of two new solutions, Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse.

These solutions along with Majesco Data Services and Majesco Business Analytics, provide a framework and assets to create a path for insurers to accelerate their data mastery maturity to achievebusiness differentiation and optimization through data. The announcement was made after market hours yesterday, 28 February 2017.

D-Link Corp and TeamF1 Networks (TeamF1), a subsidiary of D-Link India and a leader in embedded networking and security software solutions for wired and wireless applications, announced their partnership in delivering mydlink Business, a cloud-based device management platform featuring ease, value, and scalability for small and medium-sized businesses (SMB).

The business cloud platform is specifically designed to suit the operation and workflow models of system integrators (SI),value-added resellers (VAR), and telcos/ISPs. The announcement was made after market hours yesterday, 28 February 2017.

Bharat Financial Inclusion announced that the company issued commercial papers of an aggregate amount of Rs 250 crore on 28 February 2017, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate amount of commercial papers outstanding as on date is Rs 745 crore. The announcement was made after market hours yesterday, 28 February 2017.

Powered by Capital Market - Live News

Transformers and Rectifiers may gain after bagging order
Feb 28,2017

Transformers and Rectifiers (India) has bagged an order for supplying 39 Transformers and Reactors amounting to Rs 153 crore from Gujarat Energy Transmission Corporation (GETCO). The order falls under the normal course of business. With the latest order, the companys order book now stands at around Rs 1020 crore. The announcement was made after market hours yesterday, 27 February 2017.

NHPC said that Power Purchase Agreement (PPA) in respect up-coming Teesta-IV Project, West Bengal & Teesta-V Power Station, Sikkim have been signed on 21 February 2017 with GRIDCO, Government of Odisha for a period of 35 years from the date of commercial operation (COD) of the project/power station. The announcement was made after market hours yesterday, 27 February 2017.

Shares of BPCL turn ex-dividend today, 28 February 2017 for an interim dividend of Rs 19.50 per share for the year ending 31 March 2017 (FY 2017).

Dilip Buildcon announced the successful completion of rehabilitation and up-gradation of Mandla-Pindrai & Salimnabad-Vilayatkalan Major District Road Intermediate laning/two laning with paved/hard shoulder in Madhya Pradesh on engineering procurement and construction (EPC) mode. The announcement was made before market hours today, 28 February 2017. The total project cost is Rs 190.80 crore.

As the company has completed the project 185 days prior to the schedule completion period and due to the earlier completion of the project the company is entitled to receive maximum allowable 3% bonus i.e. Rs 5.72 crore of the project cost from the Madhya Pradesh Road development Corporation.

Jagran Prakashan announced that it has fixed the price band at Rs 324 to Rs 333 per equity share of the proposed initial public offering of equity shares of its subsidiary, Music Broadcast (MBL). The announcement was made before market hours today, 28 February 2017.

State Bank of Travancore announced the revision of Marginal Cost of Funds Based Lending Rate (MCLR) from 1 March 2017. The announcement was made before market hours today, 28 February 2017.

Adani Transmission announced that the company has bought back 1,650 zero coupon rated, listed, taxable, secured, redeemable, non-convertible debentures of the face value of Rs 10 lakhs each on 27 February 2017. The announcement was made after market hours yesterday, 27 February 2017.

Pincon Spirit announced the acquisition of five retail outlets in prime locations of Kolkata. PSL has in place a robust business model with presence across blending, bottling, branding, wholesale distribution and retail outlets.

The company continues its focus on driving branded spirit business drawing synergies from a strong back-end distribution network and retail presence in key strategic markets. With the addition of five new outlets, the company now owns 38 retail IMFL outlets in West Bengal. The announcement was made after market hours yesterday, 27 February 2017.

SREI Infrastructure Finance announced that the company has allotted 33.51 lakh NCDs, aggregating to Rs 335.17 crore on 27 February 2017. The announcement was made after market hours yesterday, 27 February 2017.

Central Bank of India announced issuance of Basel III tier II bonds of Rs 500.00 crore in the nature of promissory notes on private placement basis. The bank has fixed a coupon of 8.62% on annual basis on bonds with maturity of 122 months. The announcement was made after market hours yesterday, 27 February 2017.

Varun Beverages announced that the allotment committee constituted by board of directors of the company vide resolution passed on 27 February 2017, inter alia, approved the allotment of secured, rated, listed, redeemable, non-convertible debentures. Accordingly, the company has raised Rs 300 crore by issue of NCDs and allotted 1500 NCDs of Rs 10 lakh each to RBL Bank and 1500 NCDs of Rs 10 lakh each to Kotak Mahindra Bank on private placement basis. The announcement was made after market hours yesterday, 27 February 2017.

Powered by Capital Market - Live News

Coal India in focus as arm NLC approves Rs 1244-crore share buyback plan
Feb 27,2017

Coal India announced that the board of directors of its wholly-owned subsidiary Northern Coalfields (NCL), at its meeting held on 24 February 2017, approved the buyback of 76,356 fully paid equity shares, representing 4.3% of the paid-up share capital of NCL, from its shareholders on a proportionate basis through tender offer. The announcement was made on Saturday, 25 February 2017.

The maximum buyback size is Rs 1244.12 crore at a price of Rs 1.62 lakh each, payable in cash, subject to the approval of the shareholders of NCL. Since NCL is a wholly-owned subsidiary of Coal India, both, pre and post buyback by NCL, Coal India shall hold 100% of the paid-up equity share capital.

L&T announced that its wholly owned subsidiary L&T Hydrocarbon Engineering (LTHE) has bagged an onshore engineering, procurement and construction (EPC) contract worth around Rs 1100 crore from Indian Oil Corporation (IOCL) for setting up a 0.740 million metric tonne per annum (MMTPA) fluidised cracking unit (FCC) including LPG treatment facility at its Bongaigaon refinery, Assam. The announcement was made on Saturday, 25 February 2017.

State Bank of India (SBI) announced that the Government of India (GoI) has issued orders dated 22 February 2017, for acquisition of its associated banks viz. State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH). In terms of the orders, the entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in SBI from 1 April 2017. The announcement was made after market hours on Thursday, 23 February 2017.

It may be recalled that the Finance Minister on 15 February 2017, announced that the Cabinet had approved the merger of SBBJ, SBM, SBT, SBP and SBH with SBI. SBI holds 90% stake in SBM, 79.09% stake in SBT and 75.07% stake in SBBJ as per the shareholding pattern as on 31 December 2016. SBH and SBP are not listed on the bourses.

TCS announced that Community Savings Bank Association (CSBA) has selected TCS BaNCS on the Cloud as the core banking solution for its member banks across the entire United Kingdom. The vision of CSBA is to have a local network of customer owned, regional banks that create and support wealth creation in local communities. TCS BaNCS on the Cloud is a digital banking solution designed to meet the market requirements in the UK. The announcement was made after market hours on Thursday, 23 February 2017.

Power Grid Corporation of India (PGCIL) announced that it has entered into loan agreement with Asian Development Bank (ADB) for an amount not exceeding $500 million for part funding of its projects. The announcement was made after market hours on Thursday, 23 February 2017.

Adani Ports and Special Economic Zone (APSEZ) announced the terms of buyback of non-convertible debentures (NCDs) on Friday, 24 February 2017. It intends to buyback NCDs aggregating to Rs 500 crore, due to mature on 28 April 2017 at a buyback price of Rs 10.80 lakh each. It will buyback NCDs aggregating to Rs 170 crore, due to mature on 15 September 2017 at Rs 10.62 lakh each. APSEZ will buyback NCDs aggregating to Rs 250 crore, due to mature on 18 May 2018 at Rs 10.71 lakh each. It will buyback NCDs aggregating to Rs 250 crore, due to mature on 18 August 2018 at Rs 10.69 lakh each. It may be noted that APSEZs board had on 14 February 2017, approved buyback of NCDs aggregating to Rs 1170 crore in one or more tranches.

ONGC announced that its board approved development of five projects with an investment of Rs 7327 crore which will lead to production of 14.97 million metric tonnes (MMT) of oil and 2.97 billion cubic metres (BCM) of gas. ONGC has notified 18 discoveries so far in the financial year (FY) 2017.

In order to settle the long pending Gujarat and Assam royalty issue, an understanding has been reached on 17 February 2017 between Ministry of Petroleum and Natural Gas (MOP&NG), government of Gujarat/Assam and ONGC wherein it has been agreed that the outstanding amount towards differential royalty would be paid by the Government of India (GoI) directly to the governments of Gujarat and Assam. Payments already made to the state governments by ONGC based on interim Supreme Court (SC) orders (Rs 2562 crore) shall be adjusted in the accounts as expenditure. Based on this settlement, SC has disposed off the case on 20 February 2017 and it has absolved the company of outstanding royalty demand by government of Gujarat and Assam amounting to Rs 9796 crore and potential interest claim of Rs 2868 crore.

Further, ONGCs board has approved execution of farm-in/farm-out agreement with Gujarat State Petroleum Corporation (GSPC) in respect of acquisition of 80% participative interest (PI) and operatorship in the NELP-III block KG-OSN-2001/3.

Inox Leisure announced that it has commenced the commercial operations of a multiplex cinema theatre, taken on lease basis and located at Jamnagar, Gujarat with effect from 24 February 2017. The multiplex cinema theatre has 5 screens and 954 seats.

Inox Leisure is now present in 58 cities with 115 multiplexes, 454 screens and a total seating capacity of 1.15 lakh seats across India. The announcement was made on Saturday, 25 February 2017.

Sun TV Network announced that the board of directors of the company at its meeting held on 24 February 2017, re-appointed K. Vijaykumar as Managing Director and Chief Executive Officer.

The board also appointed Kalanithi Maran as Executive Chairman and Kavery Kalanithi as Executive Director of the company for a period of 5 years with effect from 20 April 2017. The announcement was made on Friday, 24 February 2017.

Promoter Kalanithi Maran held 75% stake in Sun TV Network as per shareholding pattern as on 31 December 2016.

Eveready Industries India announced that it has on 23 February 2017 commenced commercial production with a capacity of 500 million of batteries and 9 million liquid crystal display (LED) flashlights per annum at its new unit at Industrial Growth Centre, Matia, Goalpara, Assam. The announcement was made on Friday, 24 February 2017.

Pidilite Industries said that Nina Waterproofing Systems, a subsidiary of the company has incorporated a subsidiary in Srilanka in the name of Nina Lanka Construction Technologies, which is proposed to be engaged in providing waterproofing services to various projects including construction projects. The announcement was made on Friday, 24 February 2017.

Kothari Products announced that the company has divested the entire stake in Sukhdham Constructions & Developers, a 100% subsidiary to Innerline Realty Pvt. Ltd., Mumbai. The announcement was made on Saturday, 25 February 2017.

Shiva Cement announced that the board meeting of the board of directors of the company will be held on 28 February 2017, to review the implementation of share purchase agreement dated 10 January 2017 executed between the existing promoters of the company & JSW Cement Limited & their PACs. The announcement was made on Saturday, 25 February 2017.

Jain Irrigation Systems announced that the meeting of sub committee of the board of directors of the company was held on 25 February 2017 which considered and approved the issue of foreign currency convertible bonds (FCCBs) upto $75 million to non-promoter entities for redemption of FCCBs worth $50 million issued in 2012/2013 and balance $25 million fresh issue for permitted use. The announcement was made on Saturday, 25 February 2017.

Centrum Capital announced that the fund raising committee in its meeting held on 25 February 2017 has approved an issuance of secured, unlisted, unrated, redeemable, non-convertible, principal protected market linked debentures of upto an amount of Rs 50 crore to be issued in one or more series by way of private placement. The announcement was made on Saturday, 25 February 2017.

Powered by Capital Market - Live News

Bharti Airtel in focus after picking up stake in fintech startup Seynse
Feb 23,2017

Bharti Airtel announced that it has through its subsidiary Bharti Airtel Services, acquired a strategic stake in Seynse Technologies, a financial technology company for undisclosed sum. The announcement was made during market hours yesterday, 22 February 2017. The investment was completed by the company. Turnover of Seynse as on 31 March 2016 was Rs 6.53 lakh and had 41 employees. Seynse has created the popular digital leading platform Loan Singh, which enables easy loans for credit worthy yet under served borrowers. Seynse has built a proprietary credit engine and advanced machine learning capacity to serve customers.

NTPC said that the 115 megawatts (MW) out of 260 MW of Bhadla Solar Power Project of NTPC has been commissioned. With this, the installed capacity of NTPCs solar power projects has touched 475 MW. The total installed capacity of NTPC on standalone basis has become 41177 MW and that of NTPC group has become 48143 MW. The announcement was made after market hours yesterday, 22 February 2017.

Adani Power said that the convertible warrant holders, to whom the warrants were allotted in May 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, management committee of the board of directors of the company at its meeting held on 22 February 2017 has made allotment of total 2.74 crore equity shares of the face value of Rs 10 each (with a premium of Rs 22.54 per equity share) to the said convertible warrant holders. Subsequent to this allotment, the shareholding of the promoter and promoter group has increased to 66.703% of the enhanced paid up equity share capital of the company. The announcement was made after market hours yesterday, 22 February 2017.

Dewan Housing Finance Corporation said it proposes to issue secured redeemable non convertible debentures amounting to Rs 1500 crore on private placement basis, pursuant to special resolution passed by the shareholders of the company at the 32nd annual general meeting held on 20 July 2016. The debentures hold a tenure of 10 years and carry a coupon rate of 8% per annum. The announcement was made after market hours yesterday, 22 February 2017.

Minda Industries announced that the company has entered into joint venture agreement with Katolec Corporation, Japan. The announcement was made after market hours yesterday, 22 February 2017. The proposed name for the joint venture company is Minda Katolec Electronics Services, which shall be incorporated with Minda holding 51% and Katolec holding 49% of the equity. The JV company is proposed to be set up in Pune, Maharashtra as an electronic manufacturing services company offering turnkey as well as job work solutions. The initial investment outlay is Rs 40 crore. The products to be manufactured would include high end electronics like printed circuit boards and box build assemblies.

Asian Oilfield Services said that its wholly-owned subsidiary, Asian Oilfield & Energy Services DMCC, Dubai, has signed a contract for providing operations and maintenance services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about $95 million for a total period of 5 years (inclusive of client options). The company added that it had earlier announced on 27 December 2016 about receipt of a binding Letter of Intent (LOI) for contract of approximately $57 million for providing O&M services for 3 years. The above contract of $95 million for a total period of 5 years (inclusive of client options) is for the same LOI.

Further, the companys wholly owned subsidiary Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99% shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract. The announcement was made after market hours yesterday, 22 February 2017.

Powered by Capital Market - Live News

Dr Reddys Lab in focus as Miryalaguda facility gets 3 USFDA observations
Feb 22,2017

Dr Reddys Laboratories (DRL) announced that the audit of the companys active pharmaceutical ingredients (API) manufacturing plant at Miryalaguda, by the United States Food and Drug Administration (USFDA) has been completed on 21 February 2017. DRL has been issued a Form 483 with three observations, which the company is addressing, it said. The announcement was made after market hours yesterday, 21 February 2017.

Power Grid Corporation of India (PGCIL) announced that it has been declared as the successful bidder under tariff based competitive bidding to establish 765kV Strengthening in Eastern Region (ERSS-XVIII) on build, own operate and maintain (BOOM) basis. The Letter of Intent (Lol) has been received on 21 February 2017. The announcement was made after market hours yesterday, 21 February 2017.

Coal India announced that a meeting of board of directors of the company will be held on 6 March 2017, to consider payment of interim dividend, if any, for the year ending 31 March 2017 (FY 2017). The announcement was made after market hours yesterday, 21 February 2017.

Apollo Hospitals Enterprise announced that a meeting of the debenture allotment committee of the board of directors of the company will be held on 23 February 2017, to consider and approve the allotment of 2,000 secured redeemable non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 200 crore to institutional investors/banks/financial institutions on a private placement basis. The announcement was made after market hours yesterday, 21 February 2017.

Castrol Indias net profit rose 10.65% to Rs 155.80 crore on 0.59% growth in total income to Rs 818 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours yesterday, 21 February 2017.

IL&FS Engineering and Construction Company said that a meeting of the Executive Committee of the board of directors of the company will be held on 25 February 2017 for determination of issue price for the preferential issue of equity shares of the company to the promoter/promoter group. The announcement was made after market hours yesterday, 21 February 2017.

Metalyst Forgings announced that the meeting of board of directors of the company is scheduled to be held on 25 February 2017 to discuss and consider the issue of equity shares/equity linked securities of the company subject to the approval of the shareholders of the company in its general meeting. The announcement was made after market hours yesterday, 21 February 2017.

Powered by Capital Market - Live News

Ambuja Cements in spotlight after Q4 earnings
Feb 21,2017

Ambuja Cements consolidated net profit surged 85.24% to Rs 205.70 crore on 102.41% growth in total income to Rs 4993.30 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours yesterday, 20 February 2017.

TCS announced at the fag end of the trading session yesterday, 20 February 2017, that the board of directors of the company at a meeting held on 20 February 2017, approved a proposal to buyback up to 5.61 crore shares of the company for an aggregate amount not exceeding Rs 16000 crore, being 2.85% of the total paid up equity share capital, at Rs 2,850 per share. The buyback price was at a premium of 13.7% over yesterdays closing price.

The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism.

Meanwhile, TCS after market hours yesterday, 20 February 2017 announced that Rajesh Gopinathan would be taking over as Chief Executive Officer and Managing Director from N. Chandrasekaran, with effect from 21 February 2017. The term of his appointment is for a period of 5 years. N. Ganapathy Subramaniam would assume the office of Chief Operating Officer and Executive Director, with effect from 21 February 2017. The term of his appointment is for a period of 5 years. Subramaniam is the brother of N. Chandrasekaran. The board of directors appointed V. Ramakrishnan as the Chief Financial Officer (CFO) of the company with effect from 21 February 2017.

N. Chandrasekaran has been appointed as the Chairman of Tata Sons, the promoter firm of many of the operating Tata group firms.

Siemens and Siemens Rail Automation Ltd. S.A.U Spain have jointly won an order worth Rs 287 crore, out of which Siemens share is Rs 146 crore (all inclusive). Siemens is to supply state-of-the-art signaling technology for the first two metro lines of the Nagpur Metro i.e. the North-South and the East-West corridors. The announcement was made after market hours yesterday, 20 February 2017.

The project comprises the deployment and installation of the Siemens communications-based train control (CBTC) solution Trainguard MT for 38.2 kilometers of double track with 36 stations and two depots, as well as onboard equipment for 23 three-cars trains.

Karnataka Bank announced that it has entered into a memorandum of understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by Daimler. The announcement was made after market hours yesterday, 20 February 2017.

Ashoka Buildcon announced that with reference to its wholly owned subsidiary viz. Viva Highways (VHL), implementing the Indore-Sanawad-Khandwa-Burhanpur -Edlabad Road Project SH-27 in Madhya Pradesh on build-operate and transfer (BOT basis) with toll rights, Madhya Pradesh Road Development Corporation, Bhopal (authority) has taken over the project on 18 February 2017 at midnight, after the expiry of the concession period as per the terms of the concession agreement. VHL will continue to pursue its claims on the project with the authority. The announcement was made after market hours yesterday, 20 February 2017.

Powered by Capital Market - Live News

Havells Indian++in focus on plan to buy Lloyd Consumer for Rs 1600 crore
Feb 20,2017

Havells India announced that its board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer). This acquisition, when completed, will mark Havells foray into consumer durables industry. The acquisition is proposed to be executed at an enterprise value of Rs 1600 crore on a debt free, cash free basis subject to closing adjustments. The announcement was made on Sunday, 19 February 2017.

Jaiprakash Associates said that the stakeholders relationship committee of Jaiprakash Power Ventures (JPVL), a subsidiary of the company, in its meeting held 18 February 2017, has allotted 305.80 crore equity shares at Rs 10 per share to its various lenders, upon approval of allocation of conversion of part of their outstanding debt amount into equity shares, pursuant to implementation of SDR. Lenders now hold 51% of the JPVLs capital, while holding of Jaiprakash Associates post issue fell to 29.74% from the earlier 60.69%. The announcement was made on Saturday, 18 February 2017.

Kotak Mahindra Bank (KMBL) in its clarification issued to the stock exchanges with respect to recent news article in media titled Kotak Mahindra, Axis Bank shares up on merger buzz said that it does not comment on speculation. The bank undertakes to comply with all its disclosure obligations, KMBL said. The announcement was made after market hours on Friday, 17 February 2017.

Shares of Ambuja Cements will be in spotlight as the company is scheduled to announce Q4 December 2016 results today, 20 February 2017.

Great Eastern Shipping Company (GE Shipping) said that its wholly owned subsidiary Greatship (India) (GIL) has sold and delivered its 1999 built platform supply vessel (PSV) Greatship Disha to the buyers. The announcement was made after market hours on Friday, 17 February 2017.

Religare Enterprises said that its indirect subsidiary Religare Wealth Management has entered into a definitive agreement with the Anand Rathi Group to sell its interests in its wealth management business. This transaction is subject to necessary approvals, Religare Enterprises (REL) said in a stock exchange notice. REL said the consideration is not being disclosed due to confidentiality obligations of Religare under the definitive agreements executed with the buyer. The expected date of completion of sale/disposal is 31 March 2017. Religare Wealth Management reported a revenue of Rs 24.84 crore in the financial year ended 2016. The announcement was made after market hours on Friday, 17 February 2017.

Bharat Petroleum Corporation (BPCL) said that its shareholders approved private placement of non-convertible bonds/debentures and/or other debt securities. In exercise of the said delegated authority, BPCL is planning to raise up to Rs 2,000 crore during the current financial year through private placement of secured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on debt market segment of the BSE and NSE. The details of the issue viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue. The announcement was made after market hours on Friday, 17 February 2017.

Powered by Capital Market - Live News

M&M in focus after new product launch
Feb 17,2017

Mahindra & Mahindra (M&M) after market hours yesterday, 16 February 2017, announced that it has introduced 7 new products simultaneously under its Supro platform. The company launched 4 new variants of its stylish and spacious passenger carrier, namely Supro Minivan, Supro Minivan VX, Supro Minivan CNG and Supro School Van and 3 new variants of its modern load carrier, Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van. Priced competitively, the Supro Minivan starts at Rs 4.71 lakh (ex-showroom Kolkata, BS4) while the Supro Minitruck starts at Rs 4.28 lakh (ex-showroom Kolkata, BS4).

ln the small commercial load category, the company expanded its range with the launch of Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van, additions to the already existing Supro Maxitruck, making it a complete range of powerful, profitable Small Cargo vehicles.

ln the passenger category, the company expanded its range with the launch of the Supro Minivan, Minivan VX, Supro Minivan CNG & Supro School Van to the already existing Supro, resulting in it a complete range of spacious, comfortable Minivans. The Supro platform was conceptualised to effectively cater to the needs of multiple segments in the passenger and cargo movement categories, while delivering a superior value proposition, M&M said.

HDFC Bank will be in focus. The Reserve Bank of India (RBI) notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)/ Foreign Direct Investment (FDI)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The announcement was made after market hours yesterday, 16 February 2017.

Bharat Heavy Electricals (Bhel) and Idea Cellular have been removed from the benchmark Nifty 50 index, NSEs index provider IISL said in a statement on Thursday, 16 February 2017. The two stocks will be replaced by Indiabulls Housing Finance and Indian Oil Corporation (IOC) instead, as part of the periodic review process. The changes will take effect from 31 March 2017, the statement added.

NTPC announced after market hours yesterday, 16 February 2017, that the first rake of coal was flagged off on 16 February 2017 from the companys first coal mine, Pakri Barwadih in Jharkhand. This coal mine will have ultimate capacity of 18 million metric tonne per annum. In the next year, around 2-3 million metric tonne of coal is likely to be produced. As a basket source, coal will be supplied to different power stations of NTPC from this mine.

Biocon announced that the U.S. Food and Drug Administration (FDA) has accepted Biologics License Application for Mylan and proposed biosimilar pegfilgratism. The US FDA has accepted Mylans Biologics License Application (BLA) for MYL44O1H, a proposed biosimilar to Neulasta (pegfilgrastim), for filingthrough the 351(k) pathway. The proposed biosimilar to Neulasta is used to reduce the duration of neutropenia (low count of neutrophils, a type of white blood cells) and the incidence of fever associated with neutropenia in adult patients treated with chemotherapy n++n certain types of cancer. The FDA goal date set under the Biosimilar User Fee Act (BsUFA) is 9 October 2017, the company said. The announcement was made after market hours yesterday, 16 February 2017.

Siemens announced that it has received an order worth about Rs 119 crore from Sterlite Power Grid Ventures. The order is for design, engineering, procurement, manufacture, supply and commissioning of equipment for a substation at Khandwa in Madhya Pradesh and for bay extension equipment at Dhule in Maharashtra for Khargone Transmission. The announcement was made after market hours yesterday, 16 February 2017.

Eveready Industries India announced that a meeting of the board of directors of the company will be held on 20 February 2017, inter alia, to consider the re-organisation of the packet tea operations. The announcement was made after market hours yesterday, 16 February 2017.

Shilpa Medicare said that there was an incident of fire at the companys EOU Unit (API) plant in one block of the company, situated at Raichur, Karnataka. It is further intimated that it may not have impact on the operations of the said plant or financials. The announcement was made after market hours yesterday, 16 February 2017.

Powered by Capital Market - Live News

TCS will be watched after buyback proposal
Feb 16,2017

TCS said that its board will meet on 20 February 2017 to consider buyback of equity shares. The announcement was made after trading hours yesterday, 15 February 2017.

Tata Steel said that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK announced that its members have voted to support the companys proposals, including the proposal to close the pension scheme in the UK to future accrual. Tata had offered a package in December 2016 to retain its steel business in Britain instead of selling it, and the generous financial commitment in the pension scheme was seen as a major hurdle. Three unionsn++Unite, Community and GMBn++balloted their members on the package offered. As much as 72.1% of the members of Community and 75.6% of members of Unite - the two biggest unions - as well as 74% of the third union GMB, voted in favour of accepting the proposals. The announcement was made after trading hours yesterday, 15 February 2017.

State Bank of India (SBI) said that the Finance Minister of India, in a press briefing earlier on 15 February 2017, announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI. The announcement was made after trading hours yesterday, 15 February 2017.

Nestle Indias net profit fell 8.7% to Rs 167.31 crore on 16.2% increase in net sales to Rs 2261.28 crore in Q4 December 2016 over Q4 December 2015. The companys net profit rose 64.5% to Rs 926.54 crore on 12.8% increase in net sales to Rs 9159.28 crore in the year ended December 2016 over the year ended December 2015. The result was announced after trading hours yesterday, 15 February 2017.

Powered by Capital Market - Live News

DLF in focus after weak Q3 results
Feb 15,2017

Realty major DLFs consolidated net profit fell 46.11% to Rs 98.14 crore on 30.23% declined n net sales to Rs 2057.92 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

In a separate announcement, DLF said it has decided to extend the deadline for sale of 40% stake owned by its promoters in its rental arm DLF Cyber City Developers (DCCDL) to March 2018.

On a consolidated basis, Adani Enterprises net profit rose 61.72% to Rs 339.96 crore on 9.10% rise n net sales to Rs 8602.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

MOILs net profit rose 670.7% to Rs 101.42 crore on 299.3% rise n net sales to Rs 355.30 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Jindal Steel & Power (JSPL) reported a net loss of Rs 407.44 crore in Q3 December 2016 compared with a net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.15% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Voltas net profit rose 38.71% to Rs 80.19 crore on 6.72% decline n net sales to Rs 1174.53 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Housing Development Finance Corporation (HDFC) said it established a medium term note programme (MTN programme) for an amount of up to $750 million for enabling the corporation to issue debt instruments in the international capital markets. The establishment of the MTN programme is only an enabling step and presently, no instruments are being issued by the corporation. The announcement was made after market hours yesterday, 14 February 2017.

On a consolidated basis, Unitech reported a net loss of Rs 17.13 crore in Q3 December 2016 compared with net loss of Rs 12.25 crore in Q3 December 2015. Total income rose 8.97% to Rs 414.16 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Sagar Cements said that its board allotted 24 lakh equity shares to eligible qualified institutional buyers at Rs 720 each, aggregating to Rs 172.80 crore. The announcement was made after market hours yesterday, 14 February 2017.

Gitanjali Gems said that its wholly owned subsidiary, Gitanjali Infratech, has acquired 100% equity shares of Dynamic Infrazone for setting up and developing gems and jewellery park in Orissa. The announcement was made after market hours yesterday, 14 February 2017.

Oricon Enterprises said that its wholly owned subsidiary, Oriental Containers, has completed expansion of its plastic closures manufacturing capacity at Rs 35 crore at M.I.D.C.-Murbad, (Maharashtra) with a capacity of 1.2 billion closures per annum. With this total installed capacity of plastic closures is increased to over 8 billion per annum, highest in India. The announcement was made after market hours yesterday, 14 February 2017.

Powered by Capital Market - Live News