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Wipro gains after entering into global partnership with Witbe
Sep 21,2016

The announcement was made after market hours yesterday, 20 September 2016.

Meanwhile, the BSE Sensex was up 38.03 points or 0.13% at 28,561.23.

On BSE, so far 4,904 shares were traded in the counter, compared with average daily volume of 3.84 lakh shares in the past one quarter. The stock hit a high of Rs 484.50 and a low of Rs 480.55 so far during the day. The stock hit a 52-week high of Rs 613 on 1 October 2015. The stock hit a 52-week low of Rs 470.25 on 8 September 2016. The stock had underperformed the market over the past one month till 20 September 2016, sliding 7.76% compared with 1.59% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.78% as against Sensexs 6.16% rise.

The large-cap company has equity capital of Rs 486.16 crore. Face value per share is Rs 2.

Wipro and Witbe, a leading innovator in the field of test automation and services quality of experience (QoE) monitoring robots for broadband, voice and TV triple-play monitoring have entered into a global partnership. The partnership is of strategic importance to Wipro, and will offer integrated test automation and video services monitoring solutions for customer deployments across set top box, mobile platforms and other handheld devices. These solutions will benefit new and existing customers of Wipro and Witbe including semiconductor players, original equipment manufacturers (OEMs), original design manufacturers (ODMs) and service providers in the media industry.

Witbes expertise in test and monitoring technologies coupled with Wipros extensive experience in engineering and R&D services will provide an integrated one-stop solution for unified test automation, services monitoring and automation deployment to customers.

In a separate announcement after market hours yesterday, 20 September 2016, Wipro said that it has joined Oracles newly announced Oracle Cloud Managed Service Provider (MSP) Program. Wipro is a Diamond level member of Oracle PartnerNetwork (OPN) and has an OPN Cloud Select designation. The Wipro Boundaryless Data Center (BLDC) offering is based on an innovative IT transformational approach that enables enterprise ITaaS (IT as a Service) through a universal marketplace. BLDC is integrated with Oracle IaaS (Infrastructure as a Service) and PaaS (Platform as a Service) services, and provides a unified platform to drive hybrid IT journey for enterprises by enabling dynamic sourcing, automated provisioning, monitoring and management. In collaboration with Oracle, Wipro will build standard reference architectures, workload blueprints and continuous deployment solutions for accelerated cloud transformation.

Available to partners who have demonstrated the skills and infrastructure to build, deploy, run and manage both Oracle and non-Oracle workloads, the Oracle Cloud Managed Service Provider (MSP) Program, enables OPN members to offer a complete managed service solution for workloads running on Oracle Platform as a Service and Infrastructure as a Service. Based on the unique needs of their customers, Wipro can now have the ability to provide a complete, integrated cloud solution, leveraging its Boundaryless Data Center (BLDC) and Oracles world-class cloud platform.

On consolidated basis, Wipros net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Vardhman Textiles scales record high as board to consider share buyback
Sep 21,2016

The announcement was made after market hours yesterday, 20 September 2016.

Meanwhile, the S&P BSE Sensex was up 34.17 points, or 0.12%, to 28,557.37

On BSE, so far 36,000 shares were traded in the counter, compared with an average daily volume of 12,559 shares in the past one quarter. The stock hit a high of Rs 1,116.75 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,022 so far during the day. The stock hit a 52-week low of Rs 651.50 on 20 January 2016. The stock had underperformed the market over the past 30 days till 20 September 2016, falling 2.69% compared with 1.92% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 5.44% as against Sensexs 6.57% rise.

The mid-cap company has an equity capital of Rs 63.65 crore. Face value per share is Rs 10.

Vardhman Textiles consolidated net profit rose 24.16% to Rs 178.27 crore on 0.97% rise in net sales to Rs 1474.17 crore in Q1 June 2016 over Q1 June 2015.

Vardhman Group is a leading textile conglomerate in India. The group business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fibre and alloy steel.

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NBCC (India) advances after new order win
Sep 21,2016

The announcement was made after market hours yesterday, 20 September 2016.

Meanwhile, the S&P BSE Sensex was up 34.50 points or 0.12% at 28,557.70

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 2.44 lakh shares in the past one quarter. The stock hit a high of Rs 259.90 and a low of Rs 257.25 so far during the day. The stock had hit a record high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC (India) secured a contract worth approximately Rs 440 crore from ESIC, Ministry of Labour & Employment, Government of India for construction of 100 bedded hospital(s) at Haridwar and Dehradun (Uttarakhand) and 300 bedded hospital at Indore, Madhya Pradesh.

Shares of NBCC (India) rose 0.16% to settle at Rs 252.15 yesterday, 20 September 2016 after the company was nominated as the Land Management Agency for disposal of land assets of the sick central public sector enterprises (CPSEs). NBCC (India) as LMA, will manage, maintain and protect the land assets of sick CPSEs and shall be paid fee for the same till it is disposed off. NBCC (India) will be paid 0.5% of the value realized from disposal of land, subject to maximum of Rs 1 crore in each case. The announcement was made after market hours on 19 September 2016.

NBCC (India)s consolidated net profit rose 16.4% to Rs 47.10 crore on 15.1% rise in net sales to Rs 1254.31 crore in Q1 June 2016 over Q1 June 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

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Den Networks gains as board approves preferential issue of shares
Sep 20,2016

The announcement was made during market hours today, 20 September 2016.

Meanwhile, the S&P BSE Sensex was down 117.52 points or 0.41% at 28,516.98

On BSE, so far 2.19 lakh shares were traded in the counter as against average daily volume of 22,953 shares in the past one quarter. The stock hit a high of Rs 85 and a low of Rs 78.10 so far during the day. The stock had hit a 52-week high of Rs 133 on 21 September 2015. The stock had 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 19 September 2016, falling 8.42% compared with Sensexs 1.99% rise. The scrip also underperformed the market in past one quarter, sliding 13.38% as against Sensexs 6.79% rise.

The small-cap company has equity capital of Rs 178.20 crore. Face value per share is Rs 10.

Den Networks said that the companys board of directors has issue and allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group, Inc. who form part of the persons belonging to the non-promoter category. The companys board also approved the issue price of Rs 90 per share for the preferential allotment. With this allotment, the holding of affiliates of Goldman Sachs Group, Inc. will increase to about 24.49% from 17.79% earlier, Den Networks said. The total consideration for the transaction is Rs 142.43 crore, the company added.

Den Networks reported net loss of Rs 57.31 crore in Q1 June 2016, higher thab net loss of Rs 50.75 crore in Q1 June 2015. Net sales rose 24% to Rs 236.97 crore in Q1 June 2016 over Q1 June 2015.

Den Networks is one of leading cable TV distribution companies in India.

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Kolte Patil Developers jumps after completing project in Pune
Sep 20,2016

The announcement was made during market hours today, 20 September 2016.

Meanwhile, the BSE Sensex was down 100.76 points, or 0.35%, to 28,533.74.

More than usual volumes were traded on the counter. On BSE, so far 1.49 lakh shares were traded in the counter, compared with an average volume of 19,467 shares in the past one quarter. The stock hit a high of Rs 134.25 and a low of Rs 120.05 so far during the day.

Kolte Patil Developers announced that it has completed its Margosa Heights project in Pune generating an internal rate of return (IRR) of 36% and a money multiple of 3.1 times for itself and its joint venture partner, Portman Holdings, USA. The project is part of a special purpose vehicle (SPV) called Bellflower properties, which is a 50% joint venture of Kolte with Portman. This investment was the first residential investment for the Atlanta based full service real estate company which has a significant presence in India.

Margosa Heights includes 20 mid-rise apartment towers along with support retail located at Mohammadwadi, a suburb in south Pune. The developments total area is -1 million square feet. This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good product & achieve high profitability.

Kolte-Patil Developers is Punes largest developer and has completed 1 crore sq. ft. of landmark developments in Pune and Bengaluru. It is also present in Mumbai with some upscale redevelopment projects. The company has till date built projects in multiple segments such as residential, commercial, retail, IT parks, and integrated townships.

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Castrol India jumps after promoter pares stake
Sep 20,2016

Meanwhile, the S&P BSE Sensex was down 104.81 points, or 0.37%, to 28,529.69

Bulk deal boosted volume on the scrip. On BSE, so far 5.86 crore shares were traded in the counter as against average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 469.75 and a low of Rs 426.10 so far during the day. The stock hit a 52-week high of Rs 478.40 on 9 September 2016. The stock hit a 52-week low of Rs 360.10 on 1 March 2016. The stock had outperformed the market over the past 30 days till 19 September 2016, rising 3.99% compared with Sensexs 1.99% rise. The scrip also outperformed the market in past one quarter, gaining 12.19% as against Sensexs 6.79% rise.

The large-cap company has an equity capital of Rs 247.28 crore. Face value per share is Rs 5.

Castrol India said that the companys promoter, Castrol, sold 4.21 crore shares or 8.53% stake in Castrol India in a bulk deal on BSE today, 20 September 2016. The announcement was made during trading hours today, 20 September 2016.

After the sale of shares, Castrols stake in Castrol India has reduced to 50.89%.

Castrol Indias net profit rose 12.14% to Rs 206.90 crore on 5.18% growth in net sales to Rs 967.90 crore in Q2 June 2016 over Q2 June 2015.

Castrol India manufactures and markets a range of automotive and industrial lubricants.

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Oriental Bank of Commerce gains after raising capital
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the BSE Sensex was down 128.26 points, or 0.45%, to 28,506.24.

On BSE, so far 1.89 lakh shares were traded in the counter, compared with an average volume of 5.81 lakh shares in the past one quarter. The stock hit high of Rs 128.45 and low of Rs 126 in intraday trade. The stock hit a 52-week high of Rs 157.50 on 30 November 2015. The stock hit a 52-week low of Rs 75.30 on 29 February 2016. The stock had outperformed the market over the past one month till 19 September 2016, gaining 7.2% compared with Sensexs 1.99% rise. The scrip had also outperformed the market in past one quarter, rising 26.94% as against Sensexs 7.54% rise.

The mid-cap PSU bank has an equity capital of Rs 346.17 crore. Face value per share is Rs 10.

Oriental Bank of Commerce said that the issue of Basel III Compliant additional tier 1 bonds on private placement basis was opened on 16 September 2016. The issue was fully subscribed to the extent of Rs 1000 crore and bonds were allotted on 16 September 2016. The bank had said on 31 August 2016, that it intended to raise Tier 1 Capital through private placement of Basel III Compliant additional tier 1 bonds of Rs 10 lakh each at par totalling Rs 250 crore with an option to retain oversubscription of upto Rs 750 crore.

Oriental Bank of Commerces net profit fell 60.9% to Rs 100.69 crore on 3.2% drop in total income to Rs 5392.70 crore in Q1 June 2016 over Q1 June 2015.

Government of India holds 58.38% stake in OBC (as on 30 June 2016).

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Asian Paints moves higher after consolidating investments in overseas subsidiaries
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 123.87 points or 0.43% at 28,510.63

On BSE, so far 22,000 shares were traded in the counter as against average daily volume of 94,372 shares in the past one quarter. The stock hit a high of Rs 1,173 and a low of Rs 1,164 so far during the day. The stock hit a record high of Rs 1,212.95 on 6 September 2016. The stock had hit a 52-week low of Rs 785 on 9 November 2015. The stock had outperformed the market over the past 30 days till 19 September 2016, rising 4.32% compared with Sensexs 1.99% rise. The scrip also outperformed the market in past one quarter, gaining 18.6% as against Sensexs 6.79% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.

Asian Paints said that as a part of the companys plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the company, has transferred its entire holding of 99.18% held in the subsidiary company, Asian Paints (Lanka), Sri Lanka, to Berger International, Singapore, a wholly owned subsidiary of APIL. The transfer process has been completed on 19 September 2016.

Asian Paints consolidated net profit rose 18.47% to Rs 552.56 crore on 9.25% rise in total income to Rs 3709.31 crore in Q1 June 2016 over Q1 June 2015.

Asian Paints is Indias leading paint company and ranked among the top ten decorative coatings companies in the world. The company along with its subsidiaries have operations in 19 countries across the world and 26 paint manufacturing facilities, servicing consumers in over 65 countries.

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Jubilant FoodWorks drops after resignation of its CEO
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 151.92 points or 0.53% at 28,482.58.

On BSE, so far 3.58 lakh shares were traded in the counter as against average daily volume of 44,498 shares in the past one quarter. The stock hit a high of Rs 950 and a low of Rs 923.50 so far during the day. The stock had hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had hit a 52-week high of Rs 1,689.30 on 6 October 2015. The stock had underperformed the market over the past one month till 19 September 2016, falling 18.03% compared with Sensexs 1.99% rise. The scrip had also underperformed the market in past one quarter, sliding 6.71% as against Sensexs 7.54% rise.

The mid-cap company has equity capital of Rs 65.84 crore. Face value per share is Rs 10.

Jubilant FoodWorks said that the board of directors of the company at a meeting held on 19 September accepted resignation of Ajay Kaul as the chief executive officer (CEO) cum whole time director of the company. He has decided to step down as the CEO cum whole time director of the company to evaluate and pursue opportunities outside the Jubilant Bhartia group. Ajay Kaul will continue in his current role till 31 March 2017. The company has also initiated the process of identifying his successor.

Jubilant FoodWorks net profit declined 31.1% to Rs 19 crore on 6.7% growth in net sales to Rs 608.76 crore in Q1 June 2016 over Q1 June 2015.

Jubilant FoodWorks and its subsidiary operates Dominos Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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Volumes jump at Castrol India counter
Sep 20,2016

Castrol India clocked volume of 5.7 crore shares by 13:25 IST on BSE, a 346.51-times surge over two-week average daily volume of 1.65 lakh shares. The stock was up 8.75% at Rs 459.40.

Apcotex Industries notched up volume of 4.8 lakh shares, a 156.64-fold surge over two-week average daily volume of 3,000 shares. The stock rose 4.83% at Rs 397.

Jyothy Laboratories saw volume of 4.98 lakh shares, a 24.27-fold surge over two-week average daily volume of 21,000 shares. The stock rose 2.97% at Rs 345.05.

MCX (India) clocked volume of 2.85 lakh shares, a 10.59-fold surge over two-week average daily volume of 27,000 shares. The stock rose 3.68% at Rs 1,025.

Virinchi saw volume of 8.5 lakh shares, a 6.66-fold rise over two-week average daily volume of 1.28 lakh shares. The stock was locked at 10% upper circuit at Rs 84.70.

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NBCC (India) gains after being nominated as LMA
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 111.99 points or 0.39% at 28,522.51

On BSE, so far 81,000 shares were traded in the counter as against average daily volume of 2.43 lakh shares in the past one quarter. The stock hit a high of Rs 258.95 and a low of Rs 252.05 so far during the day. The stock had hit a 52-week high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past 30 days till 19 September 2016, rising 4.14% compared with Sensexs 1.99% rise. The scrip also outperformed the market in past one quarter, gaining 35.93% as against Sensexs 6.79% rise.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC (India) announced that it has been nominated as the Land Management Agency (LMA) for disposal of land assets of the sick central public sector enterprises (CPSEs). NBCC (India) as LMA, will manage, maintain and protect the land assets of sick CPSEs and shall be paid fee for the same till it is disposed off.

NBCC (India) in consultation with the concerned CPSE will prepare development plan of each land parcel after examining prevailing development control norms. Further, the company will also invite expression of interest (EOI) and will offer for purchase of land at the prevailing circle rate/ acquisition cost from all government entities in order of priority. NBCC (India) will be paid 0.5% of the value realized from disposal of land, subject to maximum of Rs 1 crore in each case. The governments measure for utilisation of the idle land of different sick CPSEs in time bound manner, will definetly boost the countrys economy and give enormous business opportunities to the company, NBCC (India) said. It may be recalled that the Government of India had on 7 September 2016 issued a guidelines for closure of sick/ loss making CPSEs including disposal of their movable and immovable assets.

NBCC (India)s consolidated net profit rose 16.4% to Rs 47.10 crore on 15.1% rise in net sales to Rs 1254.31 crore in Q1 June 2016 over Q1 June 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

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Bharat Rasayan hits record high after robust Q1 result
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 116.83 points or 0.41% at 28,517.67

On BSE, so far 6,855 shares were traded in the counter as against average daily volume of 599 shares in the past one quarter. The stock hit a high of Rs 1,730 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,598 so far during the day. The stock had hit a 52-week low of Rs 800 on 9 November 2015.

The small-cap company has equity capital of Rs 4.25 crore. Face value per share is Rs 10.

Bharat Rasayan serves a wide range of industries including but not limited to pharmaceuticals, bulk drugs, R&D, petrochemicals, flavors & fragrances and specialty chemicals. The company provides custom manufacturing/contract manufacturing of diverse compounds to meet the unique needs of every client. In addition, it offers a number of grignard reagents, pharma / drug intermediates and solvents on a regular basis.

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Cadila Healthcare gains after partnering with Takeda
Sep 20,2016

The announcement was made during market hours today, 20 September 2016.

Meanwhile, the BSE Sensex was down 95.27 points, or 0.33%, to 28,539.23.

On BSE, so far 92,989 shares were traded in the counter, compared with average daily volume of 1.08 lakh shares in the past one quarter. The stock hit a high of Rs 410.90 and a low of Rs 372.30 so far during the day. The stock hit a record high of Rs 454.40 on 23 October 2015. The stock hit a 52-week low of Rs 295.50 on 18 January 2016. The stock had outperformed the market over the past one month till 19 September 2016, gaining 3.92% compared with Sensexs 1.99% rise. The scrip had also outperformed the market in past one quarter, gaining 23.54% as against Sensexs 7.54% rise.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Cadila Healthcare and Takeda Pharmaceutical Company (Takeda) announced a partnership to tackle chikungunya, an emerging infectious disease. The chikungunya virus is most often spread to people by Aedes aegypti and Aedes albopictus mosquitoes, the same vectors that spread dengue and zika. The broad-based agreement includes early stage development to the final commercialisation of the vaccine. There is currently no vaccine to prevent or medicine to treat chikungunya virus infection. Terms of the agreement are not disclosed, but it is expected that this partnership will boost access to medicines in the future through this novel partnership.

Chikungunya has been identified in over 60 countries in Asia, Africa, Europe and the Americas. After the bite of an infected mosquito, onset of illness occurs usually between 4 and 8 days but can range from 2 to 12 days. In some people, the joint pain may persist for months. People at risk for severe indications include newborns infected around the time of birth, older adults (≥65 years), and people with medical conditions such as high blood pressure, diabetes, or heart disease.

Since 2005, India, Indonesia, Maldives, Myanmar and Thailand have reported over 19 lakh cases and almost 13 lakh suspected cases of Chikungunya being recorded in the Caribbean islands, Latin American countries, and the United States of America till 2015.

On a consolidated basis, Cadila Healthcares net profit fell 22.6% to Rs 356.20 crore on 2.2% decline in net sales to Rs 2216.40 crore in Q1 June 2016 over Q1 June 2015.

Cadila Healthcare is a global pharmaceutical company that discovers, manufactures and markets a broad range of healthcare therapies.

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Fiem Industries gains on plans to raise funds
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 99.45 points or 0.35% at 28,535.58.

On BSE, so far 4,700 shares were traded in the counter as against average daily volume of 8,078 shares in the past one quarter. The stock hit a high of Rs 1,075 and a low of Rs 1,048 so far during the day. The stock had hit a record high of Rs 1,140 on 9 September 2016. The stock had hit a 52-week low of Rs 500 on 18 September 2015. The stock had underperformed the market over the past one month till 19 September 2016, falling 0.42% compared with Sensexs 1.99% rise. The scrip had, however, outperformed the market in past one quarter, gaining 23.29% as against Sensexs 7.54% rise.

The small-cap company has equity capital of Rs 11.96 crore. Face value per share is Rs 10.

Fiem Industries said that the fund raising committee of the board of directors at a meeting held yesterday, 19 September 2016 approved the allotment of 11.97 lakh equity shares of face value of 10 each to qualified institutional buyers at the issue price of Rs 1002 per share, aggregating to Rs 119.99 crore.

Fiem Industries net profit rose 20.4% to Rs 11.46 crore on 19.6% growth in net sales to Rs 241.53 crore in Q1 June 2016 over Q1 June 2015.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipment and rear view mirror.

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RInfra rises as board approves including new activities
Sep 20,2016

The announcement was made after market hours yesterday, 19 September 2016.

Meanwhile, the S&P BSE Sensex was down 113.15 points, or 0.4%, to 28,521.35

On BSE, so far 1.85 lakh shares were traded in the counter, compared with average daily volume of 4.27 lakh shares in the past one quarter. The stock hit a high of Rs 605.80 and a low of Rs 597.05 so far during the day. The stock hit a 52-week high of Rs 635.35 on 9 September 2016. The stock hit a 52-week low of Rs 322 on 23 September 2015. The stock had underperformed the market over the past 30 days till 19 September 2016, rising 0.21% compared with Sensexs 1.99% rise. The scrip, however, outperformed the market in past one quarter, rising 9.58% as against Sensexs 6.79% rise.

The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.

Reliance Infrastructure (RInfra) announced that the board of directors of the company approved to amend the Object Clause of the Memorandum of Association of the company to include new activities relating to setting up any Trust, Funds including Venture Capital Funds, Infrastructure Investment Trust and Real Estate Investment Trust and other Alternative Investment Funds and defence business.

Reliance Infrastructures consolidated net profit rose 7.22% to Rs 438.80 crore on 2.58% rise in net sales to Rs 7032.83 crore in Q1 June 2016 over Q1 June 2015.

RInfra is one of the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.

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