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Godrej Properties announces group housing project
Jun 05,2017

Godrej Properties announced its entry into the Sohna real estate market to develop a Group Housing Project in Sector 33.

This project will offer approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area and will be developed as a modern group housing development. This project is located just 12 kms from Golf Course Extension Road and offers easy access to Gurgaon from Sohna Road.

This is GPLs first project in Sohna and eighth within the National Capital Region (NCR).

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NSDC signs MoU with BIRD ACADEMY for skilling of unemployed youth in the aviation and aerospace sector
Jun 05,2017

An MoU was signed between National Skill Development Corporation and Bird Academy on the 01 June 2017, with regards to skilling of unemployed youth in the aviation and aerospace Sector. With the signing of the MoU NSDC has agreed to enter into an arrangement with BIRD ACADEMY to train, skill & empower more than 30,000 unemployed youth across various states including North Eastern states with special focus to train and empower minimum 5,000 women & tribal youths from the underprivileged sections of the society and assist states in capacity building over the next six years.

The two organizations will work together to set up training centres and centre of excellence in India with the aim of increasing employability of youth aspiring to work in the aerospace and aviation sector under the guidance of Aerospace and Aviation sector skill council

BIRD Academy will:

n++ undertake fresh skilling for 30,000 youth in aviation and aerospace Sector, resulting in gainful employment over the next 6 years

n++ Undertake Recognition of Prior Learning for their direct and indirect employees covering approx. 5000 candidates

n++ Establish Model Centre and Centre of Excellence/Training Centres at Chandigarh, Delhi, Cochin, Bengaluru/Mumbai, Goa and other locations Pan India including North East focussed on Aviation and related trades

n++ Align all existing and upcoming trainings/centres to National Skills Qualification Framework(NSQF) under the guidance of AASSC

n++ Provide inputs on trends and requirements in Aviation & Aerospace industry for developing QP-NOS for job roles aligned to NSQF and assist in industry validation through group companies.

n++ Provide consultation and expertise on facilities set up, Curriculum design, content development and assist in addressing the gap that exist for training of trainers (ToT), training of Assessors (ToA), Certification of Master Trainers (CoMT) and existing trainings.

n++ Further BIRD Academy will apply for Non-funding/Funding Partnership to NSDC which shall be evaluated by NSDC as per its Financial Management and Procurement Manual and other applicable guidelines

Through this MoU, NSDC may

n++ Support in the development of Aviation and Aerospace Model Centre and BIRD ACADEMY Centre of Excellence/ Training Centres.

n++ NSDC through the Aviation & Aerospace Sector Skill council (AASSC) may provide support for joint mobilization to channelize students into these centres

n++ NSDC through the AASSC will facilitate NSQF alignment, provide quality assurance and certification through for trainings in these centres

n++ The data for trainings under NSQF will be uploaded on the SDMS for MIS and reporting and oversight; also NSDC may advise and guide Bird Academy to enhance its reach for skilling

n++ On behalf of NSDC, the AASSC will track the progress of the MoU and provide over sight of training delivery process

n++ NSDC may support the implementation of the project under schemes like PMKVY/PMKK and other existent schemes subject to respective scheme guidelines

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GVK Power gains after exiting Bangalore Airport project
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was down 60.71 points, or 0.19% to 31,212.58.

On the BSE, 87,000 shares were traded in the counter so far, compared with average daily volumes of 9.72 lakh shares in the past one quarter. The stock had hit a high of Rs 6.30 and a low of Rs 6.02 so far during the day. The stock hit a 52-week high of Rs 7.70 on 14 February 2017. The stock hit a record low of Rs 4.13 on 6 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 2.30% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.33% as against Sensexs 8.47% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore. The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders.

GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017 higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.

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$100 Million ADB Loan to Punjab National Bank to Finance Solar Rooftop Projects
Jun 05,2017

The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan n++ to be guaranteed by the Government of India n++ that will finance large solar rooftop systems on industrial and commercial buildings throughout India. The PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems.

This is the first tranche loan of the $500 million multitranche finance facility Solar Rooftop Investment Program (SRIP) approved by ADB in 2016. The financing includes $330 million from ADBs ordinary capital resources and $170 million from the multidonor Clean Technology Fund (CTF) administered by ADB. The first tranche loan of $100 million would be financed entirely from the CTF.

n++With a sharp drop in the price of solar panels, India has a huge potential to expand its use of solar rooftop technologies,n++ said Kenichi Yokoyama, ADB Country Director in India who signed the loan on behalf of ADB. n++The program will contribute to the governments plans to increase solar power generation capacity and also help India meet the carbon emission reduction target in line with its commitment at the recent global climate change agreement.n++

Indias solar rooftop market is expanding fast with an estimated total capacity potential of 124 gigawatt (GW).

n++The project is suitably aligned with the goals of Government of India to increase the countrys solar rooftop capacity by 40 GW by 2022,n++ said Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs in the Ministry of Finance, who signed the guarantee agreement for Government of India. The loan agreement was signed by H. K Parikh, General Manager, on behalf of PNB.

The entire Solar Rooftop Investment Program will cost $1 billion and the projects financed under the program will install solar rooftop system of around 1 GW capacity. This will contribute to the climate change goal of reducing greenhouse gas emissions by about 11 million tons of carbon dioxide equivalent over the typical 25-year lifetime of rooftop solar systems.

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Hindustan Oil Exploration Company provides update on Dirok Gas Development Project
Jun 05,2017

Hindustan Oil Exploration Company has provided update on Dirok Gas Development Project:

The Company had completed Phase 1 of Dirok Gas Development and successfully tested the gas flow during last week of March 2017 and have been supporting Oil India, the Licensee of the block, to secure Petroleum Mining Lease (PML) as approved and recommended by the Government of India to the Government of Assam to commence commercial gas sales by May 2017.

The Assam State Board for Wildlife (SBWL) headed by the Chief Minister had recommended the project in full including all the wells. However, the Standing Committee of National Board for Wild Life (NBWL), Ministry of Environment and Forests, during its meeting held on 15 May 2017 while approving the overall project, imposed restrictions on oil and gas wells located within one kilometer of Wild Life Sanctuaries.

As the wells located within the 1 km area were drilled after submission of wild life management plan and duly approved by the appropriate authorities and this one kilometer restriction around Protected Areas were not part of any previous guidelines of Ministry of Environmentand Forest, a representation is being submitted to the Ministry of Environment and Forests, for removal of this restrictive new condition. The representation of the Company is supported by the nodal ministry, Ministry of Petroleum and Natural Gas.

The Company expects that the matter will be placed before the Standing Committee of NBWL for reconsideration in the light of its wider adverse implications across all oil and gas producing wells located within 1 km of Protected Areas.

All project activities of Phase 2 are on track. The Company has successfully drilled Dirok 5 well. After its ongoing testing and completion, the rig will commence drilling of Dirok 6 well.

Due to this unforeseen development, the Company anticipates further delays in issue of PML to Oil India and now expect to commence commercial gas sales only during July - September quarter, post review of its representation by NBWL.

The Company is confident of resolving this issue with the support of Ministry of Petroleum and Natural Gas and reiterates its earlier guidance of exiting Q2 FY 2018 with a production level of 25 million standard cubic feet per day and a plant capacity to process 36 million standard cubicfeet per day (equivalent to 1 million standard cubic meters per day).

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NTPC in focus after commissioning 117 MW capacity at Mandsaur project
Jun 05,2017

NTPC announced that 117 megawatts (MW) out of 250 MW of Mandsaur Solar Power Project of the company has been commissioned. With this, the installed capacity of NTPCs solar power projects has become 737 MW. The total installed capacity of NTPC on standalone basis has become 44,311 MW and that of NTPC group has become 51,527 MW. The announcement was made after market hours on Friday, 2 June 2017.

Vedanta said that the ratings for the company have been revised by India Ratings & Research to IND AA/Stable from IND AA/Negative earlier. The announcement was made after market hours on Friday, 2 June 2017. India Ratings & Research is a Fitch Group company.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore.

The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders. The announcement was made after market hours on Friday, 2 June 2017.

Budget passenger carrier SpiceJets net profit declined 61.40% to Rs 41.64 crore on 11.40% rise in net sales to Rs 1613.83 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 3 June 2017.

SpiceJet said its strong operational performance came despite significant headwinds. Demonetisation resulted in significant decline in yield in Q3 and Q4. Increase in fuel cost was at 46% in Q4 eroding approximately Rs 160 crore of profit. These headwinds have subsided and SpiceJet is bullish about its future prospects, the company said.

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs.45,000 crore to approximately Rs 20000 crore; a reduction of 60% OR Rs. 25,000 crore. RCom said it also aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of 7 months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next 7 months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

Tata Communications and Batelco, Bahrains leading digital communications solutions provider, signed an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. The agreement was signed by Batelco Chief Global Business Officer Adel Al-Daylami and Tata Communications Senior Vice President for Middle East, Central Asia and Africa Radwan Moussalli, on the sidelines of International Telecoms Week (ITW) which took place in Chicago, USA from 14 to 17 May 2017. Tata Communications made the announcement on Sunday, 4 June 2017.

Mawana Sugars said it has agreed to enter into one time settlement with State Bank of India in respect of borrowings from State Bank of Hyderabad. The announcement was made after market hours on Friday, 2 June 2017.

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Galaxy Commercial standalone net profit rises 48.28% in the March 2017 quarter
Jun 03,2017

Net profit of Galaxy Commercial rose 48.28% to Rs 0.43 crore in the quarter ended March 2017 as against Rs 0.29 crore during the previous quarter ended March 2016. Sales rose 5.41% to Rs 0.39 crore in the quarter ended March 2017 as against Rs 0.37 crore during the previous quarter ended March 2016.

For the full year,net profit declined 3.33% to Rs 0.29 crore in the year ended March 2017 as against Rs 0.30 crore during the previous year ended March 2016. Sales rose 110.87% to Rs 0.97 crore in the year ended March 2017 as against Rs 0.46 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.390.37 5 0.970.46 111 OPM %74.3689.19 -35.0576.09 - PBDT0.510.41 24 0.570.68 -16 PBT0.430.29 48 0.370.39 -5 NP0.430.29 48 0.290.30 -3

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Chankya Investments reports standalone net profit of Rs 0.04 crore in the March 2017 quarter
Jun 03,2017

Net profit of Chankya Investments reported to Rs 0.04 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. Sales reported to Rs 0.10 crore in the quarter ended March 2017. There were no Sales reported during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.02 crore in the year ended March 2017 as against net loss of Rs 0.05 crore during the previous year ended March 2016. Sales reported to Rs 0.10 crore in the year ended March 2017. There were no Sales reported during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.100 0 0.100 0 OPM %40.000 -20.000 - PBDT0.040 0 0.02-0.05 LP PBT0.040 0 0.02-0.05 LP NP0.040 0 0.02-0.05 LP

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Hindustan Bio Sciences reports standalone net loss of Rs 0.16 crore in the March 2017 quarter
Jun 03,2017

Net Loss of Hindustan Bio Sciences reported to Rs 0.16 crore in the quarter ended March 2017 as against net loss of Rs 1.99 crore during the previous quarter ended March 2016. Sales rose 30.43% to Rs 0.30 crore in the quarter ended March 2017 as against Rs 0.23 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.49 crore in the year ended March 2017 as against net loss of Rs 2.09 crore during the previous year ended March 2016. Sales declined 19.84% to Rs 1.01 crore in the year ended March 2017 as against Rs 1.26 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.300.23 30 1.011.26 -20 OPM %-53.33-26.09 --46.53-10.32 - PBDT-0.16-0.07 -129 -0.48-0.16 -200 PBT-0.16-0.07 -129 -0.49-0.17 -188 NP-0.16-1.99 92 -0.49-2.09 77

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Quintegra Solutions standalone net profit rises 496.23% in the March 2017 quarter
Jun 03,2017

Net profit of Quintegra Solutions rose 496.23% to Rs 3.16 crore in the quarter ended March 2017 as against Rs 0.53 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 7.44 crore in the year ended March 2017 as against net loss of Rs 0.20 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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BMB Music & Magnetics reports standalone net loss of Rs 0.83 crore in the March 2017 quarter
Jun 03,2017

Net Loss of BMB Music & Magnetics reported to Rs 0.83 crore in the quarter ended March 2017 as against net loss of Rs 0.14 crore during the previous quarter ended March 2016. Sales reported to Rs 0.25 crore in the quarter ended March 2017. There were no Sales reported during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.98 crore in the year ended March 2017 as against net loss of Rs 0.21 crore during the previous year ended March 2016. Sales rose 316.67% to Rs 0.25 crore in the year ended March 2017 as against Rs 0.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.250 0 0.250.06 317 OPM %-336.000 --396.00-316.67 - PBDT-0.84-0.12 -600 -0.99-0.19 -421 PBT-0.84-0.12 -600 -0.99-0.19 -421 NP-0.83-0.14 -493 -0.98-0.21 -367

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Universal Credit & Securities reports standalone nil net profit/loss in the March 2017 quarter
Jun 03,2017

Universal Credit & Securities reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales declined 28.26% to Rs 0.33 crore in the quarter ended March 2017 as against Rs 0.46 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 0.01 crore during the previous year ended March 2016. Sales declined 22.91% to Rs 1.38 crore in the year ended March 2017 as against Rs 1.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.330.46 -28 1.381.79 -23 OPM %0-4.35 -0.720 - PBDT0-0.02 100 0.010 0 PBT0-0.02 100 0-0.01 100 NP0-0.02 100 0-0.01 100

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Osiajee Texfab reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
Jun 03,2017

Net profit of Osiajee Texfab reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales declined 90.44% to Rs 1.45 crore in the quarter ended March 2017 as against Rs 15.17 crore during the previous quarter ended March 2016.

For the full year,net profit rose 450.00% to Rs 0.11 crore in the year ended March 2017 as against Rs 0.02 crore during the previous year ended March 2016. Sales declined 47.76% to Rs 21.55 crore in the year ended March 2017 as against Rs 41.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.4515.17 -90 21.5541.25 -48 OPM %2.07-0.13 -0.510.07 - PBDT0.04-0.02 LP 0.140.03 367 PBT0.04-0.02 LP 0.140.03 367 NP0.01-0.02 LP 0.110.02 450

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Prajay Engineers Syndicate reports standalone net loss of Rs 5.82 crore in the March 2017 quarter
Jun 03,2017

Net Loss of Prajay Engineers Syndicate reported to Rs 5.82 crore in the quarter ended March 2017 as against net loss of Rs 5.65 crore during the previous quarter ended March 2016. Sales rose 32.36% to Rs 18.49 crore in the quarter ended March 2017 as against Rs 13.97 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 21.40 crore in the year ended March 2017 as against net loss of Rs 24.71 crore during the previous year ended March 2016. Sales declined 28.10% to Rs 52.25 crore in the year ended March 2017 as against Rs 72.67 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.4913.97 32 52.2572.67 -28 OPM %4.605.87 --4.33-12.73 - PBDT-4.02-3.78 -6 -13.68-16.06 15 PBT-5.38-5.29 -2 -19.19-22.22 14 NP-5.82-5.65 -3 -21.40-24.71 13

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Mega Corporation reports standalone nil net profit/loss in the March 2017 quarter
Jun 03,2017

Mega Corporation reported no net profit/loss in the quarter ended March 2017 as against net profit of Rs 0.08 crore during the previous quarter ended March 2016. Sales rose 64.29% to Rs 0.46 crore in the quarter ended March 2017 as against Rs 0.28 crore during the previous quarter ended March 2016.

For the full year,net profit rose 407.14% to Rs 0.71 crore in the year ended March 2017 as against Rs 0.14 crore during the previous year ended March 2016. Sales rose 42.42% to Rs 1.41 crore in the year ended March 2017 as against Rs 0.99 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.460.28 64 1.410.99 42 OPM %26.0950.00 -53.9053.54 - PBDT00.12 -100 0.630.46 37 PBT-0.090.02 PL 0.260.08 225 NP00.08 -100 0.710.14 407

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