Stocks/Share Market - Angel One

On Friday, the market displayed muted sentiment, yet the benchmark indices concluded on a positive note. The Sensex soared by 1.62% to 81,332.72, while the Nifty rallied by 1.76% to 24,834.85.  The broader market also saw substantial gains, with the Nifty Mid-cap closing up by 1.81% and the Nifty Small-cap increasing by 0.97%. Market volatility, …

On July 25, 2024, Exicom Tele-Systems Limited announced via a stock exchange filing that it had incorporated a wholly-owned subsidiary, “Exicom NexGen Power B.V.,” in the Netherlands. Exicom Tele-Systems Limited has acquired 100% shareholding in Exicom NexGen Power B.V. Exicom NexGen Power B.V. has been established to engage in various business activities, including the manufacturing, …

Nvidia, a global leader in AI chip manufacturing, has commenced the supply of its newest AI chips to prominent Indian partners Tata Communications and Jio Platforms. This move marks a substantial step forward in India’s AI infrastructure enhancement, aligning with Nvidia’s broader goal of global AI capability advancement. Nvidia Collaboration In a notable development last …

Apollo Tyres Ltd. aims to become a net-zero company by 2050. This commitment comes directly from Chairman Mr. Onkar Kanwar, who emphasizes that sustainability is beneficial not only for the planet but also for the long-term success of the business. He mentioned that we are setting ambitious goals. We are aiming to be net zero …

Sterling and Wilson Renewable Energy Limited (SWREL) has secured a groundbreaking order for a 1,000 MWh standalone Battery Energy Storage System (BESS) plant in Rajasthan, India. This project marks a significant milestone as India’s largest BESS project to date and one of the world’s largest single-location BESS installations. The order underscores SWREL’s leadership in the …

On July 26, 2024, Mphasis Limited announced the launch of Mphasis NeoCrux™, an industry-first tool designed to enhance software engineers’ productivity by streamlining the Software Development Lifecycle through a Generative AI (Gen AI) powered Agent Orchestrator. The company stated that NeoCrux™ is one of the first platforms offering engineers the flexibility to integrate various fit-for-purpose …

Praj Industries Limited announced its financial results for the quarter ended June 30, 2024, showcasing a mixed performance across its business segments. Financial Overview The company reported a consolidated income from operations of ₹6,991.41 million for Q1 FY25, compared to ₹7,367.22 million in the corresponding quarter of the previous year. Profit before tax (PBT) stood …

Allsec Technologies Limited, a global leader in Employee Experience Management (EXM) and Customer Experience Management (CXM) solutions, announced its financial results for the first quarter of the fiscal year 2025 (Q1 FY25). CXM Business Thrives The company’s CXM vertical showcased robust growth, with revenue surging by 32.8% year-on-year (YoY) to reach ₹94.8 crore. Both domestic …

GMR Airports Infrastructure Limited (GIL) has successfully concluded the merger of GMR Airports Limited (GAL) and GMR Infra Developers Limited (GIDL) into itself, effective April 1, 2023. This strategic move marks the final step in simplifying the company’s corporate structure and positioning GIL as a pure-play airport operator. Strategic Rationale The merger is part of …

Sun Pharmaceutical Industries Ltd. announced today that the U.S. Food and Drug Administration (FDA) has granted approval to LEQSELVI™ (deuruxolitinib) for treating adults with severe alopecia areata. This marks a significant development for the estimated 300,000 Americans living with this autoimmune condition characterised by significant hair loss. Addressing a Growing Need Alopecia areata is a …