My Application Form Status

Check the status of your application form with Angel Broking.
Cadila Healthcare slides after weak Q2 results
Oct 26,2016

The result was announced during trading hours today, 26 October 2016.

Meanwhile, the BSE Sensex was down 202.03 points, or 0.72%, to 27,889.39.

On BSE, so far 2.52 lakh shares were traded in the counter, compared with average daily volume of 83,845 shares in the past one quarter. The stock hit a high of Rs 410 and a low of Rs 374.10 so far during the day. The stock hit a record high of Rs 437 on 5 November 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 30 days till 25 October 2016, rising 3.70% compared with 0.72% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.98% as against Sensexs 0.24% rise.

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

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

Powered by Capital Market - Live News

FICCI sets up Online Travel and Technology Committee to give a fillip to net-based travel
Oct 26,2016

FICCI has instituted the Online Travel and Technology Committee under the aegis of its existing Tourism Committee to champion the cause of netizens and online travel companies. FICCIs Online Travel and Technology Committee owes its genesis to the rapid penetration of Internet and mobile which has transformed the way travel industry operates and how travellers book and consume travel related products.

The chamber recognizes the changing travel market dynamics and the significant role online travel and technology is playing towards shaping the future travel booking, consumption and distribution trends. It understands the drivers towards these trends in-terms of internet penetration, usage of smart phones and simplification of transactional supported payment mechanism.

The Committee will be led by Mr. Dhruv Shringi, Co founder & CEO, Yatra Online and comprise key stakeholders of online travel companies including MakeMyTrip, Clear Trip and various other stakeholders and knowledge partners from the online travel segment of the tourism industry.

Says Dr. A Didar Singh, Secretary General, FICCI, n++The Committee has been formed for outlining the roadmap for a robust regulatory policy for the online travel industry and also to encourage innovation in travel & tourism sectorn++.

Powered by Capital Market - Live News

Indias absolute score improved from 53.93 to 55.27 in the previous year
Oct 26,2016

The World Banks annual Doing Business 2017 report released recognizes Indias achievements in implementing reforms in four of its ten indicators-Trading Across Borders, Getting Electricity, Enforcing Contracts and Paying Taxes. This is the first time in its history that India has been recognized for improvement in four indicators.

Improvement in Ranking and Distance to Frontier

The Doing Business report ranks countries on the basis of Distance to Frontier, an absolute score that measures the gap between India and the global best practice. Indias absolute score improved from 53.93 to 55.27 in the previous year. This is the first time in history that India has improved its absolute score in two consecutive years. Additionally, Indias Distance to Frontier score improved on 6 out of the 10 indicators, showing that India is increasingly progressing towards best practice.

TopicsDB 2015 DB 2015
(Revised)
DB 2016 DB 2016 (Revised)DB 2017 Overall rank142134130131130Distance to Frontier52.67-54.6853.9355.27

The change in ranking of India across the 10 indicators is as follows:

TopicsDB 2015 RankDB 2016 RankDB 2017 RankGetting Electricity n++n++ 1377026Enforcing Contracts n++n++ 186178172Starting a Business n++n++158155155Registering Property n++n++ 121138138Resolving Insolvency n++n++ 137136136Construction Permits n++n++ 184183185Getting Credit n++n++ 364244Protecting Minority Investors n++n++ 7813Paying Taxes n++n++ 156157172Trading Across Borders n++n++ 126133143

Reforms Recognized by World Bank

I. On Getting Electricity, the report recognized the efforts of Tata Power in Delhi to make it faster and cheaper to obtain an electricity connection. These efforts, combined with efforts in Mumbai last year, have allowed India to improve its rank on this indicator from 137 in Doing Business 2015 to 26 in this years report, a 111 rank improvement.

II. The report has also recognized the establishment of Commercial Divisions within the High Courts in Delhi and Mumbai to deal with commercial cases above Rs. 1 crore. This has allowed India to improve its rank by 14 places in 2 years.

III. In the area of Trading Across Borders, the report recognized the implementation of the Single Window Interface for Trade (ICEGATE), which integrates approvals and risk-based frameworks of customs and nine departments to provide traders with a single online interface for import clearances.

IV. On Paying Taxes, the report recognized online filing and payment of returns at the Employees Social Insurance Corporation.

Reforms Not Recognized by World Bank This Year

The World Bank acknowledges only such reforms which have been implemented in Mumbai and Delhi by 1st of June each year; if they are reported as implemented by business intermediaries. Following major reforms have not been accounted for in current years report:

I. Enactment of the Insolvency and Bankruptcy Code has transformed Indias corporate insolvency landscape by replacing outdated laws with a new legal framework. Once implemented, it will improve our rank significantly in resolving insolvency index in next years ranking.

II. The constitutional amendment to enact a Goods and Services Tax, which will promote a common market across the country. On implementation, our rank on Starting a Business and Paying Taxes will improve significantly next year.

III. Introduction of online single window systems for building plan approval in Delhi and Mumbai, integrating permissions of various agencies. This has reduced time to process and issue building plan approvals from 231 days to 21.85 days on an average in Delhi, and from 147 days to 26.39 days in Mumbai. This will be reflected only in next years report after private sector respondents have used the system widely.

IV. Introduction and streamlining of INC-29 for company incorporation, which is currently used by 30% of new companies. This reform was not factored in this year because as per the World Banks methodology more than 50 per cent of users should have used the system in the period 2nd June, 2015 to 1st June, 2016.

V. The elimination of the requirement of a company seal while applying for government registrations and permissions at the time of setting up of a business. The Companies Act, 2013 was amended in 2015 to make provision for the same but has not been accounted for by the World Bank. The Bank has observed that, to open a bank account a company seal was required, which was not found to be the case.

VI. Online registration for ESIC and EPFO registration, which has expedited the time to register. This functionality has been made applicable from 1st December, 2015. The World Bank has not accepted the evidence provided in this regard.

VII. Online filing and payment of returns at the Employees Provident Fund Organization, where the majority of returns and payments are now filed and paid fully online. This reform has not been considered even though it was implemented by EPFO on 5th June, 2015. The World Bank has stated that this would be reflected in the rankings next year.

VIII. Streamlining of name reservation process at Ministry of Corporate Affairs, reducing the time taken to an average of 1.86 days.

IX. Registration under VAT and Profession Tax has been merged into a single process from 1st January, 2015 by Government of Maharashtra.

X. Registration for VAT in Delhi has been made online and is allotted real time and business can start operations immediately on receipt of TIN number.

Kokuyo Camlin tumbles after dismal Q2 results
Oct 26,2016

Meanwhile, the BSE Sensex was down 229.44 points, or 0.82%, to 27,861.98.

On BSE, so far 1.44 lakh shares were traded in the counter, compared with average daily volume of 37,558 shares in the past one quarter. The stock hit a high of Rs 82.65 and a low of Rs 79 so far during the day. The stock hit a 52-week high of Rs 113.90 on 6 November 2015. The stock hit a 52-week low of Rs 65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, rising 6.16% compared with 0.72% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.70% as against Sensexs 0.24% rise.

The small-cap company has equity capital of Rs 10.03 crore. Face value per share is Re 1.

Kokuyo Camlins total income from operations fell 0.15% to Rs 129.58 crore in Q2 September 2016 over Q2 September 2015.

Kokuyo Camlin makes stationery and colour products.

Powered by Capital Market - Live News

Shakti Pumps (India) spurts after declaring Q2 result
Oct 26,2016

The announcement was made after market hours yesterday, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 222.69 points or 0.79% at 27,868.73

On BSE, so far 44,000 shares were traded in the counter as against average daily volume of 5,107 shares in the past one quarter. The stock hit a high of Rs 149.65 and low of Rs 135.20 so far during the day. The stock hit a 52-week high of Rs 184.30 on 12 April 2016. The stock had hit a 52-week low of Rs 95 on 24 February 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, gaining 4.03% compared with 0.72% decline in the Sensex. The scrip, however, underperformed, the market in past one quarter, sliding 10.17% as against Sensexs 0.24% rise.

The small-cap company has equity capital of Rs 18.38 crore. Face value per share is Rs 10.

Shakti Pumps (India) is a manufacturer and exporter of stainless steel water pumps, motors and solar pumps.

Powered by Capital Market - Live News

OCL Iron & Steel to hold EGM
Oct 26,2016

OCL Iron & Steel announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 26 November 2016 .

Powered by Capital Market - Live News

Sword-Edge Commercials to hold board meeting
Oct 26,2016

Sword-Edge Commercials will hold a meeting of the Board of Directors of the Company on 25 October 2016.

Powered by Capital Market - Live News

Nishtha Finance & Investment (I) to hold board meeting
Oct 26,2016

Nishtha Finance & Investment (I) will hold a meeting of the Board of Directors of the Company on 14 November 2016.

Powered by Capital Market - Live News

Dhanuka Commercial to hold board meeting
Oct 26,2016

Dhanuka Commercial will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve the un-audited standalone Financial Results of the Company for the half-year ended on September 30, 2016 and to consider other matters as per notice of the Board Meeting including any other matters with the permission of the chair.

Powered by Capital Market - Live News

S E Power to hold board meeting
Oct 26,2016

S E Power will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider and approve the un-audited financial results for the second quarter/half year ended September 30, 2016.

Powered by Capital Market - Live News

Ramco Systems to hold board meeting
Oct 26,2016

Ramco Systems will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider and approve amongst others, the Un-audited Financial Results for the Quarter and Half year ended September 30, 2016.

Powered by Capital Market - Live News

Elango Industries to hold board meeting
Oct 26,2016

Elango Industries will hold a meeting of the Board of Directors of the Company on 2 November 2016 to consider the Un-audited Financial Results for Second Quarter and Half year ending September 30, 2016.

Powered by Capital Market - Live News

Nitin Spinners to hold board meeting
Oct 26,2016

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve Un-Audited Financial Results of the Company for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Shikhar Leasing & Trading to hold board meeting
Oct 26,2016

Shikhar Leasing & Trading will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider the unaudited financial results, for the quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Rajputana Investment & Finance to hold board meeting
Oct 26,2016

Rajputana Investment & Finance will hold a meeting of the Board of Directors of the Company on 31 October 2016 to consider and take on record the Unaudited Standalone and Consolidated Financial Result along with Limited Review Report issued by the Statutory Auditors of the Company for the Second Quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News