Stocks/Share Market - Angel One

On June 27, 2024, Route Mobile Ltd informed in a stock exchange filing that Proximus, the holding company of Proximus Opal S.A./ N.V. (Opal), the holding company of Route Mobile Limited, had formally signed a 5-year strategic partnership with Microsoft. This partnership aims to bolster their digital leadership and accelerate innovative offerings for business and …

In a development concerning insider trading allegations, Infosys, India’s second-largest IT services exporter, has reached a settlement with the Securities and Exchange Board of India (SEBI). Details of the Settlement Infosys CEO Salil Parekh has agreed to pay a penalty of ₹25 lakh for failing to implement adequate controls to prevent insider trading within the …

On June 26, 2024, UPL Limited announced through a stock exchange filing that it had received a certificate of incorporation for its new wholly-owned subsidiary, UPL Agri Mauritius Limited. The acquisition of UPL Agri Mauritius Limited falls within related party transactions, as it is a wholly-owned subsidiary of UPL Limited and thus becomes a related …

On June 26, 2024, BLS International FZE, a wholly-owned subsidiary of BLS International Services Limited, incorporated a new overseas wholly-owned subsidiary named BLS International Holding Anonim Şirketi under the Turkish Commercial Code. The newly formed overseas wholly-owned subsidiary, BLS International Holding Anonim Şirketi, has a substantial share capital of 700 million Turkish Liras. This figure …

On June 26, 2024, JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, announced new power purchase agreements (PPAs) for wind and solar projects with a total capacity of 1,325 MW. This includes 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). …

On June 26, 2024, Diamond Power Infrastructure Limited announced to the stock exchanges that it had successfully incorporated its wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. The Registrar of Companies, Ministry of Corporate Affairs, Govt. of India, issued the Certificate of Incorporation for this subsidiary on June 26, 2024. The acquisition of DICABS Nextgen …

Whirlpool of India Ltd’s shares experienced a significant uptick to reach around Rs.2100, nearly its 52-week high today. Later on, the stock settled by an 8.77% rise to Rs.1,998.05 on the BSE and by 8.72% to Rs.1,997.20 on the NSE. This surge comes in the wake of a report suggesting that German engineering giant Robert …

On June 26, 2024, Intellect Design Arena Ltd achieved significant recognition from the UK-based analyst firm IBS Intelligence. They’ve secured top rankings in 3 key banking categories: Retail Core Banking for 6 years running, Transaction Banking for 5 years, and Lending for 3 years. Additionally, Intellect placed second in 8 other fintech categories and maintained …

On June 26, 2024, The Board of Directors of Vijaya Diagnostic Centre Limited (VDCL) and Medinova Diagnostic Services Limited (MDSL) approved a Scheme of Amalgamation during their respective Board meetings. This merger will see MDSL merging into VDCL, aiming to combine their businesses and create synergies, thereby enhancing value for the stakeholders of both companies. …

India’s chemical sector has faced significant challenges in recent years, plagued by rising input prices, poor demand, limited pricing power, and destocking in international markets. Stocks in the sector have underperformed the broader Nifty 50 Index since FY23. However, improving demand conditions, rising exports, and softer input prices suggest better times ahead for chemical companies. …