Share Market - Angel One - Page 155

On July 16, 2024, Happiest Minds Technologies Ltd launched WATCH360, a new 360 IT Managed Service designed to help organisations manage their IT systems effortlessly. This service ensures reliable 24/7 IT infrastructure management using ELLIPSE, an AI-powered platform. It leverages machine learning for real-time insights and automation, boosting IT efficiency and cutting costs. Operating from …

Manaksia Coated Metals & Industries Limited announced a significant achievement in a stock exchange filing. The achievement is that the company is recognised as a Three-Star Export House by the Ministry of Commerce & Industry, Government of India, under the Foreign Trade Policy, 2023. This upgrade from the company’s previous One-Star Export House status underscores …

On July 15, 2024, NLC India Limited announced in a stock exchange filing that it has emerged as the successful bidder for the Machhakata (Revised) Coal Mine in Angul District, Odisha, in the 8th round of commercial coal block e-auction recently held by the Ministry of Coal, Government of India. The Machhakata Coal Mine Block …

On July 15, 2024, Lupin Limited, a global pharmaceutical company, announced via a stock exchange filing that it had divested its U.S. Commercial Women’s Health Specialty Business to Evofem Biosciences, Inc., a U.S. biopharmaceutical company dedicated to Women’s Health. Lupin’s U.S. Women’s Health Specialty Business primarily focuses on commercialising SOLOSEC® (secnidazole) 2g oral granules, an …

RKN Enterprises, owned by Rishad Naoroji, a cousin of Adi Godrej, has significantly reduced its equity in Godrej Consumer Products Ltd. (GCPL) through open market transactions. This sale marks a pivotal moment for the company and reflects ongoing changes within the Godrej family business. Details of the Equity Sale On Monday, RKN Enterprises sold 1.13 …

This partnership between Purvah Green Power and Suzlon Energy marks a significant step towards increasing renewable energy capacity in India. The collaboration combines Suzlon’s expertise in wind turbine technology with Purvah Green Power’s focus on sustainable energy solutions, representing a significant advancement in boosting renewable energy capacity in India.  The framework agreement sets the stage …

Zee Entertainment Enterprises Ltd. (ZEEL) shareholders have approved a plan to raise to Rs.2,000 crore through a share sale as the company seeks new investors following the collapse of its merger with Sony. The proposal received huge support, with 98.79% of shareholders voting in favor. Following the announcement, Zee’s shares were around 4% higher, trading …

On July 15, 2024, Nifty 50 and Sensex rose 0.35% and 0.18% and closed at 24,586  and 80,664, respectively  Top Gainers and Losers On the sectoral front, Nifty Oil and Gas, Nifty Media, Nifty Mid-small Healthcare, and Nifty Realty ended in the green. Only one sector, Nifty IT, was declining. The top gainers were ONGC, …

The Reserve Bank of India’s policy rates have a significant impact on fixed income returns. The key policy rates that make a significant impact on the fixed income market prices and their yields. The list of the policy rates and their current values as of July 2024 are as follows: Repo Rate: 6.50% Standing Deposit …

On Monday, the market built on Friday’s gains and closed at a record high. The market cap of BSE-listed companies reached a record Rs 455 lakh crore. The Sensex surged by 0.18% to close at 80,664.86, while the Nifty rose by 0.35% to a record high of 24,635.05. Among sectors, Nifty PSU Bank, Nifty Media, …