Market Updates - Angel One

TVS Motor Company has announced India’s first-ever electric two-wheeler racing championship, in collaboration with TVS Racing. This pioneering initiative is a significant step forward for motorsports in India and reaffirms TVS Motor Company’s commitment to sustainable mobility. It is the first Indian manufacturer to foray into the world of EV moto racing. The championship will …

In a dazzling maritime spectacle, the formidable Indian Naval Ships Ranvijay and Kavaratti, accompanied by the stealthy submarine INS Sindhukesari, have made a grand entrance into the vibrant city-state of Singapore. Their mission? To engage in the thrilling 30th edition of the Singapore-India Maritime Bilateral Exercise, affectionately known as SIMBEX. This annual naval extravaganza is …

Droneacharya Aerial Innovations Limited, a prominent drone-related solution provider company that provides a high-end ecosystem, has made a significant announcement regarding the franchise deal signed by the company. As detailed in the official report, Droneacharya recently entered into a franchise agreement with Wollstone Capital SA, a Switzerland-based private investment holding company. The primary objective of …

Infosys, the second-largest IT company in terms of market capitalization and a prominent player in next-gen digital services, has revealed an extended strategic partnership with NVIDIA. The shared objective is to assist enterprises across the globe in achieving increased productivity through the implementation of generative AI applications and solutions.  The expanded partnership will introduce the …

On September 19, 2023, the Telecom Regulatory Authority of India (TRAI) issued recommendations for the “Rationalization of Entry Fee and Bank Guarantees” in the telecom sector. This initiative came in response to a reference made by the Department of Telecommunication (DoT) on March 3, 2022, seeking the rationalization of entry fees and bank guarantees associated …

When we hear the word ‘inflation,’ it often stirs up a lot of discussion and attention. Let’s break it down in simple terms: Inflation: Inflation is the rate at which the prices of goods and services increase over time. When inflation is high, the purchasing power of money decreases, meaning that people can buy fewer …

India-based Adani Group is in talks with global banks to refinance a $3.5 billion loan. If it finalises, it will become Asia’s one of the most significant syndicated loans in a year. Adani Group, led by billionaire Goutam Adani, is looking at refinancing options for a debt taken by the group to purchase Ambuja Cement.    …

The Ministry of Defence has ascended to the forefront among the 56 Ministries and Departments engaged with the Government eMarketplace (GeM). It has achieved this distinction by leading in both order value and order quantity. This achievement underscores the Ministry’s pivotal role in propelling the Gross Merchandise Value (GMV) of GeM to an impressive Rs …

The Union Cabinet has approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) for release of 75 lakh LPG connections over three years from Financial Year 2023-24 to 2025-26. This will take the total number of PMUY beneficiaries to 10.35 crore.  The PMUY scheme was launched in 2016 to provide free LPG connections to poor …

The assets of India’s Sovereign Wealth Funds (SWF) have doubled in the last five years, reaching 3.65 lakh crore in 2023, growing by about 125% compared to the last five years. In, August 2018, the Sovereign Wealth Fund investment stood at Rs 1.62 lakh crore. The sovereign wealth funds are also playing an important role …