My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
NTPC brightens after commissioning further capacity of solar project
Jun 19,2017

The announcement was made after market hours on Friday, 16 June 2017.

Meanwhile, the S&P BSE Sensex was up 166.21 points or 0.54% at 31,222.61.

On the BSE, 13,837 shares were traded on the counter so far as against the average daily volumes of 3.52 lakh shares in the past one quarter. The stock had hit a high of Rs 161.60 and a low of Rs 160.60 so far during the day.

The stock had hit a 52-week high of Rs 177.80 on 27 January 2017 and a 52-week low of Rs 139.70 on 15 July 2016.

The stock had underperformed the market over the past one month till 16 June 2017, rising 0.31% compared with 1.55% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 0.47% as against Sensexs 4.97% gains. The scrip had underperformed the market in past one year, gaining 5.6% as against Sensexs 17.08% gains.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC said that with this commissioning, the installed capacity of NTPCs solar power projects has become 845 megawatts (MW). The total installed capacity of NTPC on standalone basis has become 44,419 MW and that of NTPC group has become 51,635 MW.

On 2 June 2017, NTPC had commissioned 117 MW out of 250 MW of Mandsaur Solar Power Project.

NTPCs net profit declined 25.5% to Rs 2079.40 crore on 11.4% rise in net sales to Rs 20416.67 crore in Q4 March 2017 over Q4 March 2016.

NTPC, Indias largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as on 31 March 2017, as per the shareholding pattern.

Powered by Capital Market - Live News

Mahamaya Steel Industries appoints CFO
Jun 19,2017

Mahamaya Steel Industries has appointed Suresh Raman , Executive Director of the Company as also Chief Financial Officer and Key Managerial Personnel of the Company with effect from 17 June 2017.

Powered by Capital Market - Live News

Dr Reddys Lab drops after receiving Form 483 for plant
Jun 19,2017

The announcement was made after market hours on Friday, 16 June 2017.

Meanwhile, the S&P BSE Sensex was up 150.97 points or 0.49% at 31,207.37.

On the BSE, 5,666 shares were traded on the counter so far as against the average daily volumes of 39,467 shares in the past one quarter. The stock had hit a high of Rs 2,677.10 and a low of Rs 2,647 so far during the day. The stock had hit a 52-week high of Rs 3,689 on 20 July 2016 and a 52-week low of Rs 2,382.05 on 29 May 2017.

The stock had underperformed the market over the past one month till 16 June 2017, sliding 1.69% compared with the Sensexs 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 2.73% as against the Sensexs 4.97% rise. The scrip had also underperformed the market over the past one year, declining 12.14% as against the Sensexs 17.08% rise.

The large-cap company has equity capital of Rs 82.89 crore. Face value per share is Rs 5.

Dr Reddys Laboratories announced that the audit of its Formulations Srikakulam Plant (SEZ) Unit I, Andhra Pradesh, by the United States Food and Drug Administration (USFDA), has been completed on 16 June 2017. The company has been issued a Form 483 with one observation, which it is addressing.

Dr Reddys Laboratories consolidated net profit rose 175.4% to Rs 337.60 crore on 5.4% decline in net sales to Rs 3554.20 crore in Q4 March 2017 over Q4 March 2016.

Dr Reddys Laboratories is an integrated global pharmaceutical company.

Powered by Capital Market - Live News

Kemp & Co to hold AGM
Jun 19,2017

Kemp & Co announced that the 136th Annual General Meeting (AGM) of the company will be held on 4 August 2017.

Powered by Capital Market - Live News

Aayush Food And Herbs CFO resigns
Jun 19,2017

Aayush Food And Herbs announced that Sachin Goyal - CFO has resigned with effect from 16 June 2017.

Powered by Capital Market - Live News

RBI directs IDBI Bank to initiate Corporate Insolvency Resolution Process for Lanco Infratech
Jun 19,2017

Lanco Infratech announced that the Reserve Bank of India directed IDBI Bank, the lead bank of Lanco Infratech to initiate Corporate Insolvency Resolution Process (CIRP) for Lanco Infratech under the Insolvency and Bankruptcy Code, 2016.

Powered by Capital Market - Live News

V-Mart Retail opens two stores
Jun 19,2017

V-Mart Retail has opened two stores in the state of Madhya Pradesh and Bihar. These are fashion stores. This takes the total of stores to 146 store in 125 cities across 14 states.

Powered by Capital Market - Live News

Tata Steel hardens after plans to sell shares in Tata Motors
Jun 19,2017

The announcement was made on Saturday, 17 June 2017.

Shares of Tata Motors declined 0.09% to Rs 455.10.

Meanwhile, the S&P BSE Sensex was up 137.68 points or 0.44% at 31,194.08.

On the BSE, 43,890 shares were traded on the counter so far of Tata Steel as against the average daily volumes of 8.08 lakh shares in the past one quarter. The stock had hit a high of Rs 512.50 and a low of Rs 509 so far during the day.

Tata Steel said that the transaction is expected to be executed on or after 23 June 2017 at or around the prevailing price on the date of proposed sale, subject to no material market movements in price since the date of this disclosure.

Tata Sons is the promoter of the major operating Tata companies and holds significant shareholdings in these companies. Tata companies are commonly referred to as the Tata group and the Chairman of Tata Sons as Chairman of the Tata group.

About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The largest of these trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which were created by the sons of Jamsetji Nusserwanji Tata, the founder of the group.

Tata Steel held 2.9% stake while Tata Sons held 28.71% stake in Tata Motors, as per the shareholding pattern as on 31 March 2017.

Tata Steel reported consolidated net loss of Rs 1168.02 crore in Q4 March 2017, compared with net loss of Rs 3041.88 crore in Q4 March 2016. The consolidated net sales rose 29.6% to Rs 33424.09 crore in Q4 March 2017 over Q4 March 2016.

Tata Steel is the worlds second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.

Powered by Capital Market - Live News

VRL Logistics enters into agreement of sale with Rajglory Infra
Jun 19,2017

VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP for purchase of land and construction of transhipment yard at Surat, Gujarat at an estimated cost of Rs 83 crore. The payment would be made in stages and said premises would be available for operation after completion within next 24 months.

Powered by Capital Market - Live News

Outcome of board meeting of Precious Trading & Investments
Jun 19,2017

Precious Trading & Investments announced that the Board of Directors of the Company at its meeting held on 17 June 2017 passed enabling resolutions for -

1.Approval of Adoption of new set of Articles of the Company as per Companies Act, 2013.

2.Approval of increase in Borrowing limit under Section 180(1)(c) of the Companies Act, 2013.

3.Approval of limit for creation of security on the movable and immovable properties of the Company under Section 180(1)(a) of the Companies Act, 2013.

4.Approval of limit to make investments, give loan or guarantee or provide security under Section 186 of the Companies Act, 2013.

Powered by Capital Market - Live News

Tata Steel to sell 8,36,37,697 equity shares of Tata Motors to Tata Sons
Jun 19,2017

Tata Steel proposes to sell 8,36,37,697 Equity Shares of face value of Rs. 2/- each of Tata Motors to Tata Sons. The transaction is expected to be executed on or after 23 June 2017 at or around the prevailing price on the date of proposed sale, subject to no material market movements in price since the date of this disclosure.

Powered by Capital Market - Live News

Need to establish legal infrastructure for India to take lead in AI field: Study
Jun 19,2017

India should take lead in establishing a legal infrastructure on the application of artificial intelligence (AI) to become a frontrunner, suggested a recent ASSOCHAM-PwC joint study.

The jointly conducted study by ASSOCHAM-PwC highlighted how an early public sector interest could trigger a spurt of activity in the AI field in India, instead of waiting for technology to reach a level where regulatory intervention becomes necessary.

It also said that a range of application for AI techniques in large-scale public endeavours like Make in India, Skill India and others could range from crop insurance schemes, tax fraud detection, and detecting subsidy leakage and defence and security strategy.

n++If investments are made in the two initiatives without due cognisance of how Industry 4.0 (the next industrial revolution driven by robotic automation) may evolve with respect to demand for workforce size and skill sets, there is a possibility of ending up with capital-intensive infrastructures and assets that fall short of being optimised for automated operations and a large workforce skilled in areas growing beyond the need for manual intervention only,n++ it added.

The report stated that Make in India initiative which focuses on twin goals of strengthening countrys in-house innovation and production capabilities with added creation of employment opportunities may not end up creating nearly as many jobs as it is poised to at this point in time.

Information technology (IT), manufacturing, agriculture and forestry are certain sectors that are expected to experience shrinkage of employment demand as robotic systems and machine learning algorithms take up several tasks, the report said.

Highlighting how AI can be effectively used in execution of government schemes, the report said that deep learning, a part of AI, can be employed to tackle issues of scale often prevalent in such schemes.

n++It is essentially a process that can be used for pattern recognition, image analysis and natural language processing (NLP) by modelling high-level abstractions in data which can then be compared with various other recognised contents in a conceptual way rather than using just a rule-based method,n++ it said.

The study further said that in comparison to the West and frontrunners of AI adoption in Asia, such as China and Korea, the culture and infrastructure needed to develop a base for the adoption of AI in mainstream applications in India is in need of an impetus.

Indian academics, researchers and entrepreneurs face a more acute challenge than corporates do in terms of the less than ideal infrastructure available for an AI revolution in India.

As such it is imperative in India to foster a culture of innovation and research beyond the organisation as is common in global technology giants. n++To encourage the same level of innovation in AI research efforts in India, initiatives to hold events and build user communities in the field of AI will go a long way.n++

Powered by Capital Market - Live News

Board of MSP Steel & Power approves increase in capital and implementation of S4A scheme
Jun 19,2017

MSP Steel & Power announced that the Board of Directors of the Company at its meeting held on 17 June 2017 has approved the following -

a. Increase in the Authorised Share Capital and Consequential amendments to Memorandum of Association of the Company;

b. Conversion of 6 % Redeemable Non-Cumulative Preference Shares to Equity Shares owing to the Scheme for Sustainable Structuring of Stressed Assets

c. Implementation of Scheme for Sustainable Structuring of Stressed Assets (S4A Scheme);

d. Approval for conversion of Loan by Lenders into Equity Shares/Optionally Convertible Debentures (OCDs) of the Company (Securities) and also issue and allot pursuant to implementation of the Reserve Bank of India S4A Scheme for the Company;

f.Appointment of Statutory Auditor to fill casual vacancy.

The Board has decided that the Extraordinary General Meeting of the Company shall be convened on 13 July, 2017

Powered by Capital Market - Live News

L&T Construction secures orders worth Rs 2231 crore
Jun 19,2017

Larsen & Toubro announced that its construction arm has won orders worth Rs 2231 crore across various business segments.

Powered by Capital Market - Live News

Tata Steel may gain on plans to sell stake in Tata Motors
Jun 19,2017

Tata Steel announced that it proposes to sell 8.36 crore shares of face value of Rs 2 each of Tata Motors to Tata Sons. The transaction is expected to be executed on or after 23 June 2017 at or around the prevailing price on the date of proposed sale, subject to no material market movements in price since the date of this disclosure. The announcement was made on Saturday, 17 June 2017.

POWERGRID Warora Transmission, a 100% subsidiary of Power Grid Corporation of India, secured through Tariff Based Competitive Bidding, has successfully completed an element Gadarwara STPS - Jabalpur Pool 765 kV D/C transmission line and declared the element for commercial operation on 31 May 2017. The announcement was made after market hours on Friday, 16 June 2017.

Dr Reddys Laboratories announced that the audit of its Formulations Srikakulam Plant (SEZ) Unit I, Andhra Pradesh, by the USFDA, has been completed on 16 June 2017. The company has been issued a Form 483 with one observation. The announcement was made after market hours on Friday, 16 June 2017.

IndusInd Bank has acquired 75 lakh shares of Rs 10 each, pursuant to exercise of conversion option on Optionally Convertible Redeemable Preference Shares, i.e., conversion of each Optionally Convertible Preference Share held by the bank into 10 shares of Kesoram Industries at a price of Rs.120 per share. The announcement was made on Saturday, 17 June 2017.

Axis Bank has revised Marginal Cost of Funds based Lending Rate (MCLR) rates in the short tenors. The 1 year MCLR stands unchanged at 8.25%. New rates are effective from 17 June 2017. The announcement was made after market hours on Friday, 16 June 2017.

NTPC has commissioned 225 megawatts (MW) out of 250 MW of Mandsaur Solar Power Project of NTPC. With this, the installed capacity of NTPCs solar power projects has become 845 MW. The total installed capacity of NTPC on standalone basis has become 44419 MW and that of NTPC group has become 51635 MW. The announcement was made after market hours on Friday, 16 June 2017.

MSPL Steel & Power said that the board of directors of the company approved conversion of 6% redeemable non-cumulative preference shares to equity shares owing to the Scheme for Sustainable Structuring of Stressed Assets.

The board also approved implementation of Scheme for Sustainable Structuring of Stressed Assets (S4A Scheme) and conversion of loan by lenders into equity shares/optionally convertible debentures (OCDs) of the company and also issue and allot pursuant to implementation of the Reserve Bank of India S4A Scheme for the company. The announcement was made on Sunday, 18 June 2017.

Wheels India and Topy Industries, Japan have reached an agreement regarding a strategic partnership in the passenger car steel wheels business in India, whereby Topy will invest a 26% stake in WIL Car Wheels, a wholly owned subsidiary of Wheels India. The investment will be made through new issue of equity shares by WCWL to Topy. The announcement was made after market hours on Friday, 16 June 2017.

WCWL was set by WIL to carry on the passenger car steel wheel business in India. WIL has entered into agreements to transfer its entire passenger car steel wheel business carried out at its plants in Padi, Chennai and Bawal, Haryana, on slump sale basis, to the new company.

Nucleus Software Exports announced that the buyback committee approved share buy-back of upto 33.43 lakh fully paid-up equity shares under the buyback offer, representing 10.32% of the total paid-up equity share capital of the company at final buyback price of Rs 350 per share for an aggregate amount not exceeding Rs 117 crore which is 24.83% of the paid-up equity share capital and free reserves of the company for the Financial Year ended 31 March 2017. The announcement was made after market hours on Friday, 16 June 2017.

HIL said that the company is holding 33% stake in Supercor Industries Limited, Nigeria as a joint venture (JV) between the company and other shareholders including State Govt. of Bauchi and the said company is not in a position to prepare any accounts/management accounts FY 2016-17 due to cash crisis situation which forced them to stop their operations since November 2015. The company also initiated winding up petition to expedite the process.

Further, as per the provisions of Regulation 33 of Listing Regulations, the company has decided to opt for submission of standalone quarterly and yearly results for FY 2018 in view of the above reasons. Apart from the above joint venture, company does not have any other joint ventures or subsidiaries or associates companies and hence the company will not prepare any consolidated accounts. The announcement was made after market hours on Friday, 16 June 2017.

Shriram Transport Finance Company announced that the allotment committee non-convertible debentures (NCDs) of the company approved and allotted 1,000 secured redeemable, rated, listed NCDs of face value of Rs 10 lakh each, aggregating to Rs 100 crore on private placement basis. The announcement was made after market hours on Friday, 16 June 2017.

Powered by Capital Market - Live News