Share Market - Angel One - Page 7

On September 30, Bharti Airtel, one of India’s largest telecom operators, announced the prepayment of ₹8,465 crore to the Department of Telecom (DoT), settling its deferred dues for spectrum acquired in 2016.  These liabilities, which carried an interest rate of 9.3%, have been fully repaid ahead of schedule, allowing Airtel to reduce its debt burden …

On September 30, 2024, Blue Dart Express Ltd announced its General Price Increase (GPI), set to take effect from January 1, 2025. The average price increase will range between 9% and 12%, depending on various product categories and specific shipping profiles. This decision follows Blue Dart’s commitment to providing reliable and efficient logistics solutions, which …

On September 30, 2024, R Systems International Limited launched its innovative Resilience Engineering model, a pioneering approach that integrates Chaos Engineering with Disaster Recovery as a Service (DRaaS). This unique combination enhances businesses’ ability to prevent disruptions and ensure continuous operation in critical areas. The CEO and Managing Director of R Systems, Nitesh Bansal, stated …

Indian Renewable Energy Development Agency (IREDA) Ltd, a leading player in the renewable energy sector, has announced a significant surge in its business performance for the April-September 2024 period of the current financial year (FY25). The company’s strategic initiatives and strong market presence have propelled its growth to unprecedented levels. IREDA’s loan sanctions witnessed a …

The travel industry is undergoing a significant shift, driven by the digital-first consumer’s insatiable appetite for personalized, seamless experiences. AI is emerging as the linchpin of this transformation, enabling travel providers to cater to diverse customer preferences at scale. Thomas Cook India Group, cognizant of this evolving landscape, is poised to leverage AI to enhance …

Krsnaa Diagnostics, India’s leading diagnostics services provider, has formed a groundbreaking alliance with Medikabazaar, the country’s largest B2B healthcare procurement platform, and United Imaging, a global leader in advanced imaging technologies. This partnership, backed by a substantial investment of over ₹300 crore, aims to establish a network of 30+ state-of-the-art imaging centres primarily in Tier-2 …

Tata Power Company Limited has signed a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan during the Rising Rajasthan Investor Meet in New Delhi.  The MoU outlines an ambitious investment plan of ~₹1.2 lakh crore over the next 10 years to help transform Rajasthan into a power-surplus state. The investment will focus on …

Kalpataru Projects International Limited (KPIL) has announced the acquisition of new orders and notifications of awards totalling ₹1,241 crore.  These orders span across the Transmission & Distribution (T&D) business in both domestic and international markets, as well as residential and commercial building projects in India. This recent success highlights KPIL’s robust business momentum and strengthens …

Piramal Pharma Solutions (PPS), a part of Piramal Pharma Ltd, has announced an $80 million investment plan to expand its Lexington, Kentucky facility.  The company stated that this site specialises in sterile compounding, liquid filling, and lyophilisation for sterile injectable drug products, playing a crucial role in the company’s integrated antibody-drug conjugate (ADC) development and …

Shakti Pumps Soars on Bonus Issue Announcement Shakti Pumps (India) Ltd (SPIL), a leading manufacturer of solar pumps, submersible pumps, booster pumps, and other components for solar setups, saw its shares hit a 5% upper circuit limit today. This strong movement came even as the broader market faced significant pressure, with the Sensex and Nifty …