My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Rs. 10000 crore Special Banking Arrangement made in Budget 2017 to clear Fertilizer Subsidy dues: Shri Ananth Kumar
Feb 07,2017

Union Minister of Chemicals and Fertilizers, Shri Ananth Kumar appraised the achievements of Department of Chemicals, Fertilizers and Pharmaceuticals during the last three years.

Speaking on budget allocations for the Fertilizer sector, the Minister said that the overall budget allocation for the Department of Fertilizer for the year 2017-18 is 74,235 crores. He added that Fertilizers, along with Power, has been the torchbearer of achievement of this Government. It has been one of the fastest growing sectors in the last quarter. Further, to reduce the burden of fertilizer subsidy backlogs, a Special Banking Arrangement of Rs. 10000 crores has been approved in this Budget to clear fertilizer subsidy dues, the Minister informed.

Shri Ananthkumar stated that the Government has taken key measures to make the country self-sufficient in urea and other fertilizers like promoting energy efficiency in urea production, maximizing indigenous urea production, timely import of urea and other fertilizers, prepositioning of fertilizers with the States during lean season to ensure adequate supply in the season and rationalizing the subsidy. Such steps have resulted in highest ever production of 245 LMT of urea previous year, without adding additional capacity. Indigenous urea as well as imported urea have been neem coated. This has resulted in an increase in farm yield with less urea required and helped check black marketing and hoarding of urea, he added.

Regarding the revival of the Gorakhpur, Sindri units of FCIL and Baruni unit of HFCL, the Minister informed that approval of the Cabinet has been obtained to revive the three units. Cabinet approval has also been obtained for setting up of new ammonia urea complex at Namrup within existing premises of Brahmaputra Valley Fertilizers Corporation Limited. Further, the Talcher plant will be the first ever unit to be revived based on the coal gasification technology, he added.

Keeping in pace with the international market, the Department has engaged fertilizers companies to reduce the prices of DAP, MOP and complex fertilizers by Rs. 125, 250 & 50 respectively per 50 gm bag from June, 2016. Prices of DAP has again been reduced by Rs. 65 per 50gm during December, 2016.

Informing about the implementation of policy of promotion of city compost, Shri Ananthkumar said that the Government of India approved policy on promotion of city compost in which Marketing Development Assistance (MDA) of Rs. 1500/MT has been provided for scaling of production and consumption of city compost. A budget provision of Rs. 15 crores has been made for releasing the MDA during 2017-18 on sale of city compost.

Speaking about the Direct Benefit Transfer in fertilizer subsidy payment it was informed by the Honble Minister that a decision to implement the DBT in fertilizer sector was announced during the budget speech of 2016-17 with a view to improve service delivery to farmers. The proposed DBT model in fertilizers is different from conventional system of continue to receive urea at statutory price and P&K fertilizers at subsidized prices in the market. The fertilizers companies used to receive subsidy on receipt of fertilizes at the district, will now get subsidy after the fertilizers are sold to farmers/ beneficiaries by the retailers to point of sale (POS) machines through biometric authentication.

In the Pharmaceutical sector, the Minister informed that under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) over 760 Jan Aushadhi Kendras are functioning across the country. With the Governments target to achieve 3000 JAKs, every tehsil would have one JAK soon. Currently over 450 medicines and 150 health supplements are available at around one-third the price of branded drugs at the JAKs. Further, the Minister that Medical devices parks are coming up at four locations including Vishakhapatnam, Baddi (Himachal Pradesh) and others in Gujarat and Telangana. Shri Kumar also informed about the coming up of National Institutes of Pharmaceutical Education and Research (NIPER), the latest been set up at Jhalawar, Rajasthan. These institutes would lead to path breaking research in pharma sector and give a boost to creating a strong force of pharma scientists in the country.

Talking about achievements in Chemicals & Petrochemicals sector, Shri Kumar informed about the focus of the government on establishing Central Institute of Plastics Engineering & Technology (CIPET) and Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) and plastic parks to give a boost to the Make in India mission. This step would lead to the generation of over 39 lakh employments opportunities in times to come, he added. Answering a question on strategic sales of Fertilizer PSUs, Shri Kumar informed that strategic sale is a method of utilizing the excess land resources available with loss making fertilizer PSUs to mitigate all liabilities and aid in the revival of the plant in turn. This would have no effect on the availability of affordable medicines in the market, he added.

Powered by Capital Market - Live News

Board of India Home Loan considers change in directorate and appoints company secretary
Feb 07,2017

The Board of Directors of India Home Loan at their meeting held on 06 February 2017 transacted the following -

Took on record resignation of Independent Director Ramesh Mishra.

Took on record resignation of Independent Woman Director Aditi Bhatt.

Appointed Vasudevan Ramaswami as Additional Independent Director of the Company with effect from 06 February 2017.

Appointed CS Divya Jain as Whole Time Company Secretary.

Powered by Capital Market - Live News

NBCC (India) may gain after new order win
Feb 07,2017

NBCC (India) secured total business of Rs 187.49 crore in January 2017. The company also announced signing Memorandum of Understanding with Ministry of Tourism and State Government of Jammu and Kashmir. The announcement was made after market hours on Monday, 6 February 2017.

Among results of prominent companies, Tata Steel, Bhel and Punjab National Bank announce their Q3 results today, 7 February 2017.

Rural Electrification Corporation (REC) announced that it entered into memorandums of understanding (MoUs) with Karnataka Power Corporation (KPCL) and Bangalore Electricity Supply Company (BESCOM) for extending financial assistance to the tune of Rs 39121 crore for the next five years (i.e. till March 2022). REC will provide financial assistance upto Rs 27121 crore to KPCL and upto 12000 crore to BESCOM. The announcement was made after market hours on Monday, 6 February 2017.

Titagarh Wagons said that the company has received letter of intent from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two coastal research vessels valued at about Rs 100 crore. The announcement was made after market hours on Monday, 6 February 2017.

Poly Medicure said that the board of directors of the company has recommended issue of 1:1 bonus shares. The announcement was made after market hours on Monday, 6 February 2017.

Astral Poly Techniks consolidated net profit rose 56.36% to Rs 32.68 crore on 12.08% rise in total income to Rs 451.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

Gujarat State Petronets net profit fell 4.27% to Rs 118.56 crore on 2.84% rise in total income to Rs 284.52 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

Powered by Capital Market - Live News

Remi Edelstahl Tubulars announces resignation of CFO
Feb 06,2017

Remi Edelstahl Tubulars announced that Shashank Chaturvedi, has resigned from the position of Chief Financial Officer (Key Managerial Personnel) and Compliance Officer of the Company w.e.f. 03 February 2017, due to his other preoccupation.

Powered by Capital Market - Live News

Vijaya Bank intimates of withdrawal of proposed bank strike
Feb 06,2017

Vijaya Bank announced that in this regard the Bank has been informed by Indian Banks Association (IBA) that the General Secretaries of the following Unions/Associations have informed that the proposed strike on 07 February 2017 has been withdrawn.

1. All India Bank Employees Association (AIBEA)

2. All India Bank Officers Associations (AIBOA)

3. Bank Employees Federation of India (BEFI)

Powered by Capital Market - Live News

NBCC (India) secured new orders worth Rs 187.49 crore
Feb 06,2017

NBCC (India) has secured orders worth Rs 187.49 crore in the month of January 2017.

Powered by Capital Market - Live News

Vedanta shifts registered office
Feb 06,2017

Vedanta announced that its registered office is shifted from State of Goa to State of Maharashtra with effect from 04 February 2017.

Powered by Capital Market - Live News

Trade Wings appoints company secretary and compliance officer
Feb 06,2017

Trade Wings announced that Zurica Pinto has been appointed as the Whole time Company Secretary and Compliance Officer of the Company w.e.f. 06 February 2017 at the Board Meeting held on 06 February 2017.

Powered by Capital Market - Live News

Axis Bank allots 142310 equity shares
Feb 06,2017

Axis Bank announced that the Bank has allotted 1,42,310 equity shares of Rs. 2/- each on 06 February 2007, pursuant to exercise of options under its ESOP Scheme.

The paid up share, capital of the Bank of the accordingly increase from Rs. 478,32,66,346 (239,16,33,173 equity shares of Rs. 2/- each) to Rs. 478,35,50,966 (239,17,75,483 equity shares of Rs. 2/- each).

Powered by Capital Market - Live News

Titagarh Wagons receives order worth Rs 100 crore for two costal research vessels
Feb 06,2017

Titagarh Wagons has received Letter of Intent dated 30 January 2017 from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two Coastal Research Vessels valued at about Rs.100 crore.

The above order is in consolidation of the order book position of the Shipbuilding vertical of the Company.

Powered by Capital Market - Live News

Ashok Leyland gets revision in credit ratings
Feb 06,2017

Ashok Leyland has received revision in credit ratings from CARE as under -

Long term / short term bank facilities - CARE AA; Stable/ CARE A1+ (Revised from CARE AA-/ CARE A1+)

Commercial Paper - CARE A1+ (Reaffirmed)

Powered by Capital Market - Live News

TCS wins award for Best Supplier -IT Services for year 2015-16
Feb 06,2017

Tata Consultancy Services has been awarded the Best Supplier - IT Services for the year 2015 -16 by Infineon Technologies AG, a world leader in semiconductor solutions. The accolade was made in recognition of outstanding service delivery in supply chain and customer software development.

Powered by Capital Market - Live News

Bharti Airtel cross two million home broadband customers mark
Feb 06,2017

Bharti Airtel rolled out Airtel Surprises for its home broadband customers offering them additional data and content benefits within their existing plans. This is a special gesture by the Company to mark the two million home broadband subscriber milestone.

All existing Airtel home broadband customers will get free additional monthly data top-up with their existing broadband at no extra cost.

To avail the offer of Airtel Surprises, customers will have to log on to www.airtel.in/broadbandsurprises and unlock their surprise.

Powered by Capital Market - Live News

Mangalam Timber Products announce demise of director
Feb 06,2017

Mangalam Timber Products announced about the sad demise of Prabir Chakravarti, Independent, Non-Executive Director of the Company, on 05 February 2017.

Powered by Capital Market - Live News

REC enters into MoUs with Karnatatka Power Corporation & Bangalore Electricity Supply Company
Feb 06,2017

Rural Electrification Corporation announced that the Company has entered into Memorandums of Understanding (MoUs) with Karnataka Power Corporation (KPCL) and Bangalore Electricity Supply Company (BESCOM) for extending financial assistance to the tune of Rs. 39,121 crore for the next five years (i.e. till March, 2022); i.e. financial assistance upto Rs. 27,121 crore to KPCL and upto Rs. 12,000 crore to BESCOM.

Powered by Capital Market - Live News