My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
Bank of Baroda initiates process to raise Rs 1000 crore
Oct 15,2016

Bank of Baroda has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds, i.e. Perpetual Debt Instrument, as per the regulatory definitions of the Reserve Banks of India of Rs. 1000 crore with Green Shoe option of Rs. 1000 crore (Total size not to exceed Rs. 2000 crore) on Private Placement Basis.

Powered by Capital Market - Live News

Monetary Stance and Inflation Easing Provide Scope for Further Monetary Accommodation
Oct 15,2016

India Ratings and Research (Ind-Ra) expects one more 25bp rate cut in FY17 on account of the tweak in monetary policy stance and easing of retail and wholesale inflation. The change in the Reserve Bank of Indias (RBI) policy stance with respect to the reduction in real interest to 1.25% from the 1.5%-2.0% range coupled with extending the time to achieve 4% inflation by three years (to March 2021 from March 2018) has provided RBI additional space for monetary easing in the near-term.

Consumer Price Index (CPI) came in at 4.3% in September 2016 as against Ind-Ras forecast of 4.6%. Wholesale Price Index (WPI) moderated to 3.6% in September from 3.7% in the previous month. Both CPI and WPI moderated in September primarily led by softening food price inflation. The trend is along expected lines and Ind-Ra believes it is likely to continue in the next month.

Retail food inflation (excluding non-alcoholic beverages and prepared meals) moderated to 3.88%yoy in September 2016 from 5.91% in the previous month. This was because of a sharp decline in the prices of vegetables and pulses. Pulses inflation moderated to 14.3% in September 2016 (August 2016: 21.9%) while vegetable prices contracted 7.2% (1%). Prices of cereals, eggs, sugar and fruits, with a weightage of 14.35% in CPI, however increased in September 2016.

Lower retail inflation is indeed a reason for cheer, particularly when the festival season is round the corner; however, there are few pressure points that need attention such as i) rising trend in cereal prices, ii) rise in the prices of transport and communication services and iii) the likely impact of house rent allowance as and when announcement on allowance is made by the government. The other area of concern with respect to retail inflation is a sustained higher inflation in rural areas than urban areas. Rural CPI came in at 5% as against 3.6% urban CPI in September 2016.

On the WPI front, food inflation moderated to 5.75% yoy in September 2016 from 8.23% in the previous month. While wholesale inflation has remained benign, pressure is emerging from fuel, power, light and lubricants group (September 2016: 5.6%, August 2016: 1.6%). Inflation of mineral oils group jumped to 10% in September from 3.4% in August 2016. Core (non-food) inflation after remaining in negative territory from March 2015 to June 2016 has turned positive since July 2016. Positive core inflation suggests some improvement in demand and pricing power; however, it is too early to term this as a demand turnaround.

Lower inflation cements market expectation of a rate cut and is, therefore, likely to keep bond market sentiment buoyed - with risks emerging from the Fed rate hike probability and a potential surge in oil price. While government bonds are likely to remain in focus, the preference could shift to highly rated corporate bonds and state development loans as investors rush to capture yields. This opens up the possibility of narrowing of credit and duration spread over the coming months.

In the medium term, the rupee will continue to be supported by fundamental drivers; while short-term movement will be guided by corporate earnings and global risk appetite. The flows position has favoured the equity segment over the debt market for most of 2016. These flows will be impacted as the Fed moves closer to hiking rates while the concern over foreign currency non-resident (FCNR B) deposits redemption will pose volatility risks. Pertinently, a sudden shift in global financial conditions could pose risks for the currency as spreads between global yields and domestic yields have narrowed.

Powered by Capital Market - Live News

Dhunseri Investments announces resignation of director
Oct 15,2016

Dhunseri Investments announced that Adarsh Garodia has submitted his resignation from the directorship of the Company w.e.f. 14 October 2016.

Powered by Capital Market - Live News

Senbo Industries gets extension to hold AGM
Oct 15,2016

Senbo Industries announced that Registrar of Companies, West Bengal has approved the Companys application for extension of ensuing Annual General Meeting uptil 31 December 2016.

Powered by Capital Market - Live News

Hatsun Agro Product gets reaffirmation of credit ratings
Oct 15,2016

Hatsun Agro Product announced that CRISIL on 14 October 2016 has reaffirmed ratings for bank facilities and commercial paper as under -

1. Long Term Rating as CRISIL A / Stable for the bank loan facilities of the Company.

2. Commercial Paper rating for Rs 150 crore as CRISIL A1.

Powered by Capital Market - Live News

Multi Commodity Exchange of India receives Rs 15.07 crore
Oct 15,2016

Multi Commodity Exchange of India announced that on satisfaction of the consent terms, the Company has received an amount of Rs 15.07 crore towards refund of the cancelled warrants of Metropolitan Stock Exchange of India (MSEI) from the Pronthonotary & Senior Master, High Court, Mumbai.

Powered by Capital Market - Live News

Sterlite Technologies allots equity shares
Oct 15,2016

Sterlite Technologies has allotted 6,91,813 equity shares under Companys Employee Stock Option Scheme -2010. Post allotment, the share capital of the Company has increased to 39,78,81,048 equity shares.

Powered by Capital Market - Live News

Midwest Gold announces resignation of company secretary & compliance officer
Oct 15,2016

Midwest Gold announced that Thirumalesh Tumma Company Secretary & Compliance officer has resigned and was relieved from the Company w.e.f closure of business hours of 14 October 2016. Pursuant to the Regulation 6(1) of SEBI (LODR) Regulations, 2015 B.S. Raju, Whole Time Director of the Company will be the Compliance Officer w.e.f 15 October 2016 and he will continue as compliance Officer until the new compliance officer appointed in accordance with the applicable provisions, rules and regulations in force.

Powered by Capital Market - Live News

CRISIL allots equity shares
Oct 15,2016

CRISIL announced that at the meeting of the Board of Directors held on 14 October 2016 the Company has allotted equity shares of CRISIL of face value of Re. 1/- each to the employees of the Company, as follows:-

1. 6,400 (Six Thousand, Four Hundred) equity shares pursuant to their exercising the stock options granted to them under the Employees Stock Option Scheme - 2011 (ESOS - 2011); and

2. 52,280 (Fifty Two Thousand, Two Hundred and Eighty) equity shares pursuant to their exercising the stock options granted to them under the Employees Stock Option Scheme - 2012 (ESOS -2012).

Powered by Capital Market - Live News

State Bank of India plans to dilute 5% stake in SBI Life
Oct 15,2016

State Bank of India announced that the Executive Committee of the Central Board (ECCB) at its meeting held on 14 October 2016 has approved to dilute upto 5% stake of SBI in SBI Life to a non-promoter entity.

Powered by Capital Market - Live News

IndusInd Bank decides to exercise call option for redemption of Tier II Bonds
Oct 15,2016

IndusInd Bank has decided to exercise Call Option for redemption of the Tier II Bonds - Series IX prior to maturity. The said bonds were issued by the bank on 30 September 2006 on private placement basis and the maturity date of bonds is 30 September 2021. The record date for payment of redemption proceeds is fixed as 03 November 2016 and the date of redemption is 18 November 2016.

Powered by Capital Market - Live News

Hindustan Unilever fixes record date for interim dividend
Oct 15,2016

Hindustan Unilever has fixed 02 November 2016 as the Record Date for the purpose of Payment of Interim Dividend, if any.

Powered by Capital Market - Live News

Kalyanpur Cements to hold board meeting
Oct 15,2016

Kalyanpur Cements will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider approving the Un-audited Financial Results of the Company for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

CNI Research to hold board meeting
Oct 15,2016

CNI Research will hold a meeting of the Board of Directors of the Company on 21 October 2016 to consider and take on record the Un-audited Financial Results of the Company for quarter ended September 30, 2016.

Powered by Capital Market - Live News

Torrent Pharmaceuticals to hold board meeting
Oct 15,2016

Torrent Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 26 October 2016.

Powered by Capital Market - Live News