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IndiGo selects Travelport as its distribution partner
Sep 15,2016

InterGlobe Aviation and Travelport, a leading travel commerce platform, announced a strategic partnership which will see IndiGo distribute all of its fares and ancillary products to Travelport -connected customers worldwide. This is the first time that IndiGo has struck a deal with a global GDS.

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Gartner Says PC Leaders Must Overhaul Their Businesses or Leave the Market by 2020
Sep 15,2016

Business leaders of PC vendors face a stark choice and must decide between overhauling their businesses or leaving the PC market by 2020, according to Gartner, Inc. If they decide to stay, they need to rapidly determine what changes to make or what alternatives to adapt in todays over-penetrated PC market.

The PC business model as we have traditionally known it is broken. The top five mobile PC vendors have gained 11 percent market share over the past five years G from 65 percent in 2011 to 76 percent in the first half of 2016; but this has come at the expense of profitable revenue, said Tracy Tsai, research vice president at Gartner. While this does not mean that the PC market is finished, the installed base of PCs will continue to decline over the next five years, with a continuing erosion of PC vendors revenue and profit.

Worldwide PC Installed Base, 2015-2019 (Actual Units)

Device Type20152016201720182019PCs (Desk-based, Notebook and
Ultramobile Premium)1,485,2761,442,3291,400,0501,362,6221,333,450

Source: Gartner (September 2016)

The traditional way of gaining shipment market share by competing on price to stimulate demand simply wont work for the PC market over the next five years, said Ms. Tsai. Todays PC vendors need to adjust to the new realities that are shaping consumption, including the fact that PC users are extending PC lifetimes until end of life, business PC applications and storage are moving into the cloud, and are less reliant on PC performance and, crucially, that price and specification are not enough for a user to upgrade a PC G a new and better customer experience is the only true differentiation.

Gartner has identified four alternative strategies that PC vendors can use to adapt to the PC market of the future. These are based on corporate culture and assets, business operation and technology innovation, and completely revamping the business.

Alternative 1 G Current Products and Current Business Model

This alternative is the most conservative approach, with the vendor running a current business operation and selling a current PC product. It requires high volumes to generate enough cash flow to cover the cost of business, so, in a declining market, consolidation of vendors is inevitable. The purpose here is to protect and keep the PC business running, but the risks are high, especially given Intels and Microsofts alternative focus moving forward.

PC vendors need to streamline operations, shift their focus away from gaining share, and increase the sales proportion of midtier and high-end products to improve operating profits for long-term business sustainability, said Ms. Tsai. Another key factor that needs to change is the sales compensation scheme. PC vendors need incentives to drive their internal sales teams and channel partners to move away from a focus on volume and market share to margins and profitability. PC vendors also need to shift focus away from distributor and reseller customers wants to users needs.

Alternative 2 G Current Products and New Business Model

This alternative suggests that PC vendors form a new team that can experiment with new business and revenue models for PC products, such as PC as a service. In this scenario, the business model is agile, allows risk taking and accepts failure. Vendors could, for example, partner with a digital education content publisher. The vendors two-in-one devices are bundled with digital content on a subscription basis; the PC is free to users but is subsidized by the publisher.

Alternative 3 G New Products With Current Business Model

The third alternative is a more conservative way to explore new product offerings and new market opportunities, such as making PCs smarter in terms of sensing, speech, emotion and touch; expanding new products for the connected home; or developing products targeted to vertical markets. Its a gradual way for PC vendors to expand into new products based on their current business model.

Alternative 4 G New Products With New Business Model

Alternative 4 is the most aggressive way to transform in terms of business operations and product innovations. In this scenario, PC vendors could establish a new business unit to run business in a different mode and explore new technology solutions to create a completely new product line. This would include working with new channel partners and independent software vendors (ISVs) and partnering with startups. The resources and revenue model might be completely different from a vendors existing structure.

An example could be personal assistant robots. A PC can serve as an information butler at home, a combination of a chat bot and voice-activated virtual personal assistant, with revenue from developers and third-party content and service providers, such as those in retail, healthcare, education, video or music.

Business leaders of PC vendors need to think about business outcomes based on the four alternatives discussed here, said Ms. Tsai. Some vendors may need a whole new business and product strategy to turn their situation around. PC vendors need to identify their core competencies, evaluate their internal resources, and adopt one or more alternative business and product innovation models to stay in or leave the PC business.

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Ujaas Energy commissions 25 MW EPC projects
Sep 15,2016

Ujaas Energy announced the successful commissioning of 25 MW EPC projects, executed at three different locations across the nation -

9 MW Oil India Project at Raghawa Dist. Jaisalmer, Rajasthan

6 MW Daman & Diu Electricity Dept. Project in Village Fudam/ Malala, Diu

10 MW West Bengal Electricity Company Project in Canal Bank in between Tailrace Channel of Teesta Canal Fall Stage - II Hydro Power Station and Mahananda Link Canal, Haptiagachh, Uttar Dinajpur, West Bengal.

These three plants will generate 898.90 million units of electricity in the next 25 years saving 5,00,000 tonnes of carbon dioxide emissions on the planet.

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Surya Marketing announces change in directorate
Sep 15,2016

Surya Marketing announced that Radhika Tapiyal has resigned from the Directorship of the Company w.e.f. 14 September 2016 and Aariti, has appointed as the additional director of the Company w.e.f. 14 September 2016.

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PVR gets High Court approval for scheme of amalgamation
Sep 15,2016

PVR announced that the Honble High Court of Delhi at New Delhi as per their formal Order received on 15 September 2016 has approved the Scheme of Amalgamation entailing merger of Bijli Holdings with PVR effective from the appointed date of 01 January 2016.

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Essel Propack plans to raise Rs 25 crore
Sep 15,2016

Essel Propack announced that the Company is raising funds through issue of Commercial Paper for Rs 25 crore on private placement basis on 20 September 2016.

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Gujarat Pipavav Port announces change in directorate
Sep 15,2016

Gujarat Pipavav Port announced that the Company has received intimation from A. K. Rakesh, IAS, the Nominee of Gujarat Maritime Board, the port regulatory authority, tendering his resignation from Directorship of the Company. It is in view of the change in his role and responsibilities in the Government of Gujarat.

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Direct Tax Dispute Resolution Scheme, 2016 which has come into force from 1st June, 2016, can be availed up to 31st December, 2016
Sep 15,2016

Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be availed up to 31st December, 2016. The Scheme is available to the cases pending with the first appellate authority [i.e. CIT (A)] as on 29th February, 2016, subject to certain conditions. It also extends to the cases pending litigation owing to retrospective amendment at different levels.

Under the Scheme, if the amount of disputed tax is

n++ Up to Rs.10 lakh, complete waiver from levy of penalty and from initiation of prosecution is provided on payment of assessed tax along with the interest.

n++ More than Rs.10 lakh, the declarant is required to pay only 25% of the minimum penalty leviable along with the due tax and interest.

In respect of penalty appeals, the declarant shall get waiver of the 75% of the penalty levied and immunity from prosecution. In respect of specified tax, the declarant gets complete waiver of/immunity from levy of penalty and immunity from prosecution.

CBDT has received various queries from stakeholders seeking clarifications about various provisions of the Scheme. The issues raised have been examined and a set of 14 FAQs has been issued vide Circular No. 33 of 2016. The circular inter alia provides clarifications regarding eligibility of cases for the Scheme, fate of pending penalty appeals, determination of amount payable under the Scheme, right to appeal in other years, date of withdrawal of pending appeal and time limit for intimation of payment by the declarant and issuance of certificate by the designated authority.

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Gartner Says Worldwide Public Cloud Services Market to Grow 17 Percent in 2016
Sep 15,2016

The worldwide public cloud services market is projected to grow 17.2 percent in 2016 to total $208.6 billion, up from $178 billion in 2015, according to Gartner, Inc. The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 42.8 percent in 2016. Cloud application services (software as a service [SaaS]), one of the largest segments in the global cloud services market, is expected to grow 21.7 percent in 2016 to reach $38.9 billion.

Growth of public cloud is supported by the fact that organizations are saving 14 percent of their budgets as an outcome of public cloud adoption, according to Gartners 2015 cloud adoption survey, said Sid Nag, research director at Gartner. However, the aspiration for using cloud services outpaces actual adoption. Theres no question there is great appetite within organizations to use cloud services, but there are still challenges for organizations as they make the move to the cloud. Even with the high rate of predicted growth, a large number of organizations still have no current plans to use cloud services.

IT modernization is currently the top driver of public cloud adoption, followed by cost savings, innovation, agility and other benefits. The focus on IT modernization indicates a more sophisticated and strategic use of public cloud services. Not only are public cloud services being used to recognize the tactical benefits of cost savings and innovation, but they are also being used to establish a more modern IT environment n++ an environment that can serve as a strategic foundation for future applications and digital business processes.

Security and/or privacy concerns continue to be the top inhibitors to public cloud adoption, despite the strong security track record and increased transparency of leading cloud providers.

Gartners position on cloud security has been clear n++ public cloud services offered by the leading cloud providers are secure. The real security challenge is using public cloud services in a secure manner, said Ed Anderson, research vice president at Gartner. More education is needed to help organizations overcome the hype associated with security concerns. This should be a key area of focus for providers in working with their clients to unlock the benefits of public cloud services.

Most organizations are already using a combination of cloud services from different cloud providers. While public cloud usage will continue to increase, the use of private cloud and hosted private cloud services is also expected to increase at least through 2017. The increased use of multiple public cloud providers, plus growth in various types of private cloud services, will create a multicloud environment in most enterprises and a need to coordinate cloud usage using hybrid scenarios.

Although hybrid cloud scenarios will dominate, there are many challenges that inhibit working hybrid cloud implementations. Organizations that are not planning to use hybrid cloud indicated a number of concerns, including: integration challenges, application incompatibilities, a lack of management tools, a lack of common APIs and a lack of vendor support.

Of course in the case of hybrid cloud, these top concerns also highlight some of the top opportunities for providers, said Mr. Anderson. We know that public cloud services will continue to grow. We also know that private cloud services (of various types) will become more widely used. Therefore, providers must focus on the top hybrid cloud challenges to be successful in meeting the growing demand for hybrid cloud solutions.

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Four stocks drop ex-dividend
Sep 15,2016

Meanwhile, the S&P BSE Sensex was up 31.88 points or 0.11% at 28,404.11.

Shares of Hero MotoCorp dropped 1.7% to Rs 3,528.50 after the stock turned ex-dividend today, 15 September 2016 for final dividend of Rs 32 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 0.89% based on the closing price of Rs 3,589.50 yesterday, 14 September 2016.

Shares of Oil India shed 1.26% to Rs 391.95 after the stock turned ex-dividend today, 15 September 2016 for final dividend of Rs 8 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 2.01% based on the closing price of Rs 396.95 yesterday, 14 September 2016.

Shares of Reliance Capital slipped 2.65% to Rs 563.50 after the stock turned ex-dividend today, 15 September 2016 for dividend of Rs 10 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 1.72% based on the closing price of Rs 578.85 yesterday, 14 September 2016.

Shares of Reliance Infrastructure slipped 2.31% to Rs 583.40 after the stock turned ex-dividend today, 15 September 2016 for dividend of Rs 8.50 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 1.42% based on the closing price of Rs 597.20 yesterday, 14 September 2016.

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Ashiana Housing declines after reverse turnaround in Q1
Sep 15,2016

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 46.41 points or 0.16% at 28,418.64.

On BSE, so far 4,371 shares were traded in the counter as against average daily volume of 4,598 shares in the past one quarter. The stock hit a high of Rs 162.90 and a low of Rs 153.30 so far during the day. The stock had hit a 52-week low of Rs 116.60 on 25 February 2016. The stock had hit a 52-week high of Rs 203.80 on 29 October 2015. The stock had underperformed the market over the past one month till 14 September 2016, sliding 1.09% compared with 0.78% rise in the Sensex. The scrip had also underperformed the market in past one quarter, advancing 4.97% as against Sensexs 7.49% rise.

The small-cap company has equity capital of Rs 20.47 crore. Face value per share is Rs 2.

Ashiana Housings net sales declined 13.8% to Rs 18.73 crore in Q1 June 2016 over Q1 June 2015.

Ashiana Housing is a real estate development company.

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Bengaluru image among Fortune 500 firms sullied by Cauvery related agitation; losses up to Rs 25,000 cr ASSOCHAM
Sep 15,2016

With widespread damage to the vital urban infrastructure, interruption in the transport including, roads, rail and air and inability of the workforce to safely move to and from offices and factories, Karnataka , particularly Bengaluru city, is estimated to have suffered a loss between Rs 22,000-25,000 crore due to Cauvery dispute related violence, apex industry body ASSOCHAM said.

n++Violence in the state capital and other parts of Karnataka has severely dented the image of Bengaluru as Silicon Valley of India, home to almost all the Fortune 500 companies,n++ said ASSOCHAM while making a fervent appeal for peace in both Karnataka and Tamil Nadu.

n++The way the violent incidents had spread is demoralizing the business and industrial community, particularly in the capital city of Karnataka. The image that India built around Bengaluru as its Silicon Valley is being sullied,n++ said ASSOCHAM secretary general, Mr D S Rawat.

n++The authorities in Karnataka and Tamil Nadu should not allow under any circumstances the law and order to be compromised. While the water is a basic requirement and an emotional issue, the situation is being exploited by miscreants, scaring away the peace loving workforce which has settled in both Bengaluru and Chennai from all over the country and even abroad,n++ said Mr Rawat.

According to ASSOCHAM, widespread loss would accrue to IT and ITES facilities due to poor attendance for the last several days. Besides, the inter-state tourism, particularly involving pilgrims, domestic travellers, has been affected. Cancellation of air tickets have also been reported to and from Bengaluru.

Likewise, industrial production, movement of cargo and retail trade including malls, cinema halls, restaurants, have been halted. n++All these losses would run between Rs 22,000 crore and Rs 25,000 crore, besides of course immense damage to the goodwill of the state as an attractive investment destination.n++

ASSOCHAM has also urged the Centre to effectively monitor the situation and ensure that peace is restored in the two states. n++A lot of damage has already been done to the trade and factory output with movement of the vehicles hit by the agitation which is taking violent shape. There is a huge stake for the countrys showpiece information technology in both Bengaluru and Chennai.n++

The strikes and bandhs should not be allowed to take violent shape and the law and order machinery should be geared up well in advance, with good amount of intelligence gathering, it said.

n++While we are selling ourselves to be the fastest growing economy of the world, we cannot afford the incidents which are taking place in the metropolitan cities. After all, the two states had built with a lot of hard work image of progressive areas, which should not be compromised at any cost.n++

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Prestige Estates Projects standalone net profit rises 20.78% in the June 2016 quarter
Sep 15,2016

Net profit of Prestige Estates Projects rose 20.78% to Rs 136.74 crore in the quarter ended June 2016 as against Rs 113.21 crore during the previous quarter ended June 2015. Sales declined 39.36% to Rs 565.17 crore in the quarter ended June 2016 as against Rs 932.01 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales565.17932.01 -39 OPM %26.0417.24 - PBDT134.13133.49 0 PBT122.02121.49 0 NP136.74113.21 21

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Sunteck Realty reports standalone net profit of Rs 71.76 crore in the June 2016 quarter
Sep 15,2016

Net profit of Sunteck Realty reported to Rs 71.76 crore in the quarter ended June 2016 as against net loss of Rs 0.81 crore during the previous quarter ended June 2015. Sales declined 67.47% to Rs 3.66 crore in the quarter ended June 2016 as against Rs 11.25 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales3.6611.25 -67 OPM %1701.91-76.44 - PBDT78.46-4.36 LP PBT78.29-4.54 LP NP71.76-0.81 LP

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Sunteck Realty consolidated net profit rises 765.04% in the June 2016 quarter
Sep 15,2016

Net profit of Sunteck Realty rose 765.04% to Rs 60.12 crore in the quarter ended June 2016 as against Rs 6.95 crore during the previous quarter ended June 2015. Sales rose 888.90% to Rs 524.51 crore in the quarter ended June 2016 as against Rs 53.04 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales524.5153.04 889 OPM %21.9334.54 - PBDT107.1516.35 555 PBT106.6615.86 573 NP60.126.95 765

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