Stocks/Share Market - Angel One

Lakshmi Machine Works Limited (LMW) has consented to create a wholly-owned subsidiary in the United Arab Emirates. This new subsidiary will focus on the aerospace industry. They have given initial approval for an investment of up to USD 25 million. Within this limit, the subsidiary’s name and the exact investment amount will be decided later. …

Asian Paints, India’s leading paint company, announced a key move to solidify its presence in the Egyptian market. Asian Paints International Private Limited (APIPL), a wholly-owned Singapore-based subsidiary of Asian Paints, has entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E. (SCIB), an Egyptian subsidiary of both APIPL and SCIB. …

Diamond Power Infrastructure Limited, a leading player in the Indian infrastructure sector, announced a strategic expansion move with the incorporation of a wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. This move signifies Diamond Power’s commitment to diversification and growth within the metals and alloys industry. A New Entity for Specialised Manufacturing DICABS Nextgen Special …

Sterlite Technologies Limited (STL), a leading provider of optical and digital solutions, announced a strategic partnership with Connexin to deliver high-speed broadband connectivity to underserved communities in Nottinghamshire, UK. STL will leverage its expertise in Smart Fibre Deployment Services to support Connexin in fulfilling a UK government contract valued at £58 million. This initiative, part …

On May 28, 2024, 63 Moons Technologies Ltd informed the stock exchanges about 63 Moons Group’s strategic transformation with key initiatives. The company stated that these aim to reinforce their long-term vision and improve stakeholder value. 63 Moons Group is radically transforming from a traditional fintech company to a leading-edge technological enterprise. This evolution focuses …

On May 28, 2024, VA Tech Wabag Limited informed in a stock exchange filing that the company had received an order from Nama Water Services in the Sultanate of Oman. The order is worth around ₹850 million, and it is towards the Operation & Maintenance (O&M) of the Al Duqm Desalination Plant for a period …

On Tuesday, Indian markets are seen trading choppy with Nifty and Sensex trading with modest losses. Talking about the sectoral indices, most of the sectoral indices are trading in red barring Nifty Pharma (+0.40%) and Nifty Metal (0.01%). Divi’s Laboratories Top Gainer: On Tuesday, the shares of Divi’s Laboratories gained 2.72% and it has hit …

Wipro Limited, a leading information technology services company, and the Centre for Brain Research (CBR), a premier research institute hosted by the Indian Institute of Science (IISc), announced a groundbreaking collaboration. This partnership aims to leverage the power of Artificial Intelligence (AI) to revolutionise preventative healthcare and chronic disease management. Leveraging AI for Precision Health …

On May 28, 2024, Poonawalla Fincorp Limited informed in a stock exchange filing that the company has collaborated with IndusInd Bank and launched the co-branded ‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card’ today. This card is designed to redefine and elevate customers’ banking experience. The company stated that this co-branded credit card launch …

Ultratech Cement Limited, a leading Indian cement manufacturer, announced a strategic expansion move through its wholly-owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL). UCMEIL is poised to acquire a significant stake in Ras al Khaimah Co. for White Cement and Construction Materials PSC (RAKWCT), a prominent company listed on the Abu Dhabi Stock Exchange. …