My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Symphony announces cessation of step down subsidairy
Dec 26,2016

Symphony announced the closure of its step down subsidiary - Symphony USA Inc. (earlier known as Impco Air Coolers Inc.) with effect from 31 December 2016 and accordingly SUI, USA ceases to be a step down subsidiary of the Company with effect from 31 December 2016.

Powered by Capital Market - Live News

Institution Mechanism necessary to Protect IPRs : PHD Chamber
Dec 26,2016

National Conference on Intellectual Property Rights (IPR) held here under aegis of PHD Chamber of Commerce and Industry has recommended to the government that institutional mechanism is called for protection of IPRs in the absence of which remains the scope of piracy that goes on unabated.

In addition, the Conference also suggested that focus needs to be intensified for monetization of intellectual properties discovered and invented in universities and research institutions with their thick partnership with industry and industrial associations in the shape of final products with key element of innovation in it.

It was highlighted during the conference that a vast majority of academic institutions and universities do not have IPR Cell for patenting the innovations and therefore, such cells are need of hour to protect and patent the properties for their commercial launch and gains.

In his observations, Mr. Gupta emphasized that intellectual properties created by academia are pirated by vested interest and sold off less than half a price of theirs which leads to discouragement and disappointments.

Therefore, in the National IPR Policy should have regulations bend in favour of those that discover and create intellectual properties with their innovative spirits.

Dr. Chaturvedi in her presentation endorsed what Mr. Gupta advised further emphasizing closer academic and industry partnership for proper commercialization and monetization of intellectual properties.

Mr. Renaud Gaillard also stressed that the innovation happening in India and within its academics and research institutions should also be promoted with a collaborative approach between India and France.

Prof. Prabuddha Ganguli, IPR Chair, Tezpur University stressed on the role of sensitizing students in the IRP ecosystem. The pace of technology is changing the landscape of IPR in a vibrant manner, so academia and industry should create institutional linkages for the progression of IPR in India.

Powered by Capital Market - Live News

Vaibhav Global provides update on its China subsidiary
Dec 26,2016

Vaibhav Globals Greater China subsidiary STS Gems has announced that it has earned a place among Greater Chinas highly rated employers with its inclusion on the Great Place to Work listing. STS Gems was commended in a conference and awards ceremony organized in HongKong earlier in December.

Powered by Capital Market - Live News

Gagan Gases announces resignation of company secretary
Dec 26,2016

Gagan Gases announced about the Resignation of Company Secretary of Anjali Jain w.e.f. 01 December 2016.

Powered by Capital Market - Live News

SBI index crashes to all time low in December 2016
Dec 26,2016

The yearly SBI Composite Index for December 2016 crashed to all time low of 45.5 (Moderate Decline), compared to last months revised index of 50 (Low Growth). Meanwhile, the Monthly Index increased to 49.4 (Low Decline) in December 2016 from 48.3 (Low Decline) in November 2016. As per the Index, the IIP growth may continue to remain in the negative territory in December 2016.

The SBI Composite Index, a leading indicator for manufacturing activity in Indian Economy aims to foresee the periods of contraction and expansion. The Composite Index has mainly two indices namely SBI Monthly Composite Index and SBI Yearly Composite Index. A consistent negative (positive) month on month forecast in the index will lead to negative (positive) growth rate in year on year index after a while.

The impact of demonetization on different sectors of industries is largely negative in the short term. Though as the situation improves, it will help them to grow smartly in the long run. Retail sales during the month of November 2016 were down in the range of 20-40% due to currency crunch and negative sentiments on account of uncertainty post Governments monetary initiative. Even the festive season shifted early by almost a month this time, which also resulted in lower sales during November due to post-festive sluggishness.

Overall, the SBI research department feel that the effect of demonetisation is more of short term nature, say a quarter or two in most of the sectors, except real estate, jewellery, luxury goods etc., and will normalize thereafter.

Due to weak credit off-take and huge money inflows, SBI research expect a faster rate of MCLR transmission by banks in the coming days as inflation trajectory is expected to remain benign with CPI inflation at sub-4% for coming months till January 2017. Though inflation may increase thereafter (post January 2017), it may not be more than 4.5% by March 2017.

Powered by Capital Market - Live News

Board of Orbit Exports approves bonus issue
Dec 26,2016

The Board of Directors of Orbit Exports at its meeting held on 26 December 2016 approved the following -

Increase in authorised capital of the company from Rs 15 crore to Rs 35 crore dividend into 3.50 crore equity shares of Rs 10 each.

Consequential alteration in capital clause of MoA of the Company.

Issue of bonus shares in the ratio of 1:1.

Powered by Capital Market - Live News

Solar Industries India issues commercial paper aggregating Rs 25 cr
Dec 26,2016

Solar Industries India announced that in terms of the guidelines issued by Reserve Bank of India, the Company has issued commercial paper for an aggregate amount of Rs. 25 crore on 26 December 2016 in favor of ICICI Bank, having maturity date of 17 March 2017.

Powered by Capital Market - Live News

Board of NBCC (India) to consider bonus issue
Dec 26,2016

NBCC (India) announced that the meeting of the Board of Directors of the Company will be held on 04 January 2017, inter alia, to consider the issue of Bonus shares.

Powered by Capital Market - Live News

Board of United Leasing & Industries appoints directors
Dec 26,2016

United Leasing & Industries announced that the Board of Director of the Company in its meeting held on 24 December 2016 has appointed to Ashish Khanna and Aditya Khanna as an additional director w.e.f. 24 December 2016.

Powered by Capital Market - Live News

InterGlobe Aviation drops amid volatility
Dec 26,2016

Meanwhile, the S&P BSE Sensex was down 237.95 points or 0.91% at 25,802.75.

On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 32,556 shares in the past one quarter. The stock was volatile. The stock lost as much as 0.43% at the days low of Rs 820.35 so far during the day. The stock rose as much as 1.93% at the days high of Rs 839.90 so far during the day.

The stock had hit a record high of Rs 1,395.50 on 1 January 2016 and a 52-week low of Rs 702 on 11 February 2016. It had underperformed the market over the past one month till 23 December 2016, sliding 5.17% compared with the Sensexs 0.04% fall. The scrip had also underperformed the market in past one quarter, declining 10.67% as against the Sensexs 9.17% fall.

The large-cap company has equity capital of Rs 364.58 crore. Face value per share is Rs 10.

As per media reports, few overseas investment firms are competing to acquire a controlling stake in InterGlobe Technology Quotient, the travel reservation arm of InterGlobe Enterprises that runs IndiGo Airlines.

InterGlobe Enterprises is parent company of InterGlobe Aviation. It owned 42.51% in InterGlobe Aviation end September 2016.

InterGlobe Aviations net profit rose 23.6% to Rs 139.85 crore on 17.9% growth in net sales to Rs 4149.30 crore in Q2 September 2016 over Q2 September 2015.

InterGlobe Aviation is the operator of low cost passenger airline IndiGo

Powered by Capital Market - Live News

Nikkei falls in quiet holiday trade
Dec 26,2016

The Japan share market closed lower in quiet holiday trade on Monday, 26 December 2016, as investors cashed in on recent rallies due to yen appreciation against the dollar. Trading was thin throughout the day due to the Christmas lethargy, with the U.S. and other major overseas markets closed. Tokyos benchmark Nikkei 225 index ended down 0.16%, or 31.03 points, to 19,396.64. The broader Topix index of all first-section issues finished down 0.37%, or 5.68 points, at 1,538.14. The Tokyo market was closed on Friday for a national holiday.

Powered by Capital Market - Live News

Balkrishna Industries gains on bargain hunting
Dec 26,2016

Meanwhile, the BSE Sensex was down 242.53 points, or 0.93%, to 25,798.17.

On the BSE, so far 5,272 shares were traded in the counter, compared with average daily volumes of 18,558 shares in the past one quarter. The stock had hit a high of Rs 1,086.80 and a low of Rs 1,030 so far during the day.

The stock hit a 52-week high of Rs 1,280 on 2 December 2016. The stock hit a 52-week low of Rs 551.35 on 26 February 2016. The stock had outperformed the market over the past 30 days till 23 December 2016, rising 13.65% compared with the 0.70% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.51% as against Sensexs 9.17% decline.

The large-cap company has equity capital of Rs 19.33 crore. Face value per share is Rs 2.

Shares of Balkrishna Industries fell 7.22% in four trading sessions to settle at Rs 1,051.30 yesterday, 23 December 2016, from its close of Rs 1,133.05 on 19 December 2016.

Net profit of Balkrishna Industries rose 128.67% to Rs 242.92 crore on 14% rise in net sales to Rs 912.15 crore in Q2 September 2016 over Q2 September 2015.

Balkrishna Industries is a leading manufacturer in the off-highway tire market. The company has focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

Powered by Capital Market - Live News

Food Processing Sector Unlikely To Suffer Higher Taxation Even Post GST, Special Secretary, MOFPI
Dec 26,2016

Special Secretary, Ministry of Food Processing Industries, Mr. J P Meena on Wednesday assured the industry that the GST regime is unlikely to adversely affect this sector with higher taxation slabs as the available indications suggests that it would continue to be taxed at existing rates even post GST.

He further stressed that the Ministry of Food Processing Industries is insisting on with the Ministry of Finance that this sector should be subjected to minimum taxation even post GST for its further growth as also to ensure that investments in it continue to be attractive so that linkages between agri-producer and manufacturers are established in a manner that lead to production of quality products with reasonable prices.

Mr. Meena also said that the government was going to put and evolve policies and schemes that would promote food processing industries so much as also to bring down agri wastages by 50% in next 5-6 years from currently estimated annual losses of Rs.1 lakh crores.

n++With the pro-active policies of the government of the day and its commitment to further improve upon them, the average level of FDIs into food processing sector in the last three years has been to an extent of $500 million per annumn++, said Mr. Meena.

According to him, the mega food parks that have been coming up across the country in 42 locations are the major source of FDIs into food processing sector in which sufficient and adequate infrastructure to set up processing units is available though government will further improve on such an infrastructure.

Mr. Meena called upon the industry to improve their quality of processing to let India excel even on exports front as the government has already asked the food regulator FSSAI to streamline its safety standards and align them with CODEX norms so that Indias quality of food processing products become unquestionable.

n++Whereas FSSAI has streamline several of its safety standards, it is also in the process of further introducing new norms so that quality products come out from food processing units that could be of global standards and also facilitate Indias exports on this frontn++, said Mr. Meena.

Powered by Capital Market - Live News

Den Networks jumps on bargain hunting
Dec 26,2016

Meanwhile, the BSE Sensex was down 207.85 points, or 0.80%, to 25,832.85.

On the BSE, so far 1.39 lakh shares were traded in the counter, compared with average daily volumes of 51,272 shares in the past one quarter. The stock had hit a high of Rs 71 and a low of Rs 63.05 so far during the day.

The stock hit a 52-week high of Rs 116 on 30 December 2015. The stock hit a 52-week low of Rs 60.50 on 15 February 2016. The stock had underperformed the market over the past 30 days till 23 December 2016, falling 5.78% compared with the 0.70% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 20.36% as against Sensexs 9.17% decline.

The small-cap company has equity capital of Rs 194.03 crore. Face value per share is Rs 10.

Shares of Den Networks fell 14.60% in eight trading sessions to settle at Rs 64.35 on Friday, 23 December 2016, from its close of Rs 75.35 on 13 December 2016.

Den Networks reported net loss of Rs 47.87 crore in Q2 September 2016 as against net loss of Rs 97.76 crore in Q2 September 2015. Net sales rose 20.85% to Rs 257.30 crore in Q2 September 2016 over Q2 September 2015.

Den Networks is Indias leading cable TV distribution company reaching an estimated 13 million households in over 200 cities across 13 key states in India.

Powered by Capital Market - Live News

Capri Global Capital grants stock options
Dec 26,2016

Capri Global Capital announced that The Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on 24 December 2016 has inter-alia granted 2,50,000 Stock options under ESOP 2009 (Scheme) to the employees of the Company.

These Stock Options shall vest as per the vesting schedule approved by the Nomination & Remuneration Committee of the Board and can be exercised over the exercise period as approved by the Committee.

Powered by Capital Market - Live News