Share Market - Angel One - Page 96

Mahindra & Mahindra (M&M), according to the recent resorts, has been issued a show cause notice by the Goods and Services Tax (GST) department. The notice, which covers the period from 2017 to 2023, questions why M&M should not pay GST for allowing its group companies to use the ‘Mahindra’ brand name and logo.  Tax …

Adani Enterprises has announced that it is set to raise $1 billion through a Qualified Institutional Placement (QIP) to boost its green hydrogen projects, as  a key part of the company’s strategy to establish itself as a leader in India’s renewable energy sector, particularly in the production of green hydrogen, which is essential for reducing …

The National Stock Exchange (NSE) of India, the country’s leading exchange, has demonstrated impressive financial performance for the first quarter of FY25. The consolidated revenue and net profit figures reflect significant growth, showcasing the exchange’s strong operational capabilities and market position. Surge in Operating Revenue NSE reported a consolidated operating revenue of Rs 4,510 crores …

In a significant move to enforce regulatory compliance, the Securities and Exchange Board of India (SEBI) has issued a notice to Karvy Stock Broking Ltd. (KSBL) and its Chairman and Managing Director, C Parthasarathy. The notice demands the payment of approximately Rs 25 crore within 15 days in connection with a case involving the misappropriation …

ITD Cementation established its operations in India in 1931 as a branch of The Cementation Company Ltd., UK, a member of Trafalgar House Group of London, to carry out extensive grouting and drilling works on the hydraulic structures, which were then growing rapidly. Since then, the company has been diligently working towards building a stronger …

Electric vehicle financing digital platform RevFin has entered into a strategic partnership with Bajaj Auto to facilitate the financing of high-speed electric three-wheelers. This collaboration seeks to accelerate Bajaj Auto’s entry into the electric three-wheeler market by leveraging RevFin’s expertise in financial services and Bajaj Auto’s strong market presence. The partnership is expected to drive …

Adani Airport Holdings Ltd., a key player in the Indian aviation sector, is making significant strides towards global expansion. Recently, the company announced the incorporation of a wholly-owned subsidiary, Global Airports Operator LLC, in Abu Dhabi. This move is aimed at acquiring and investing in airports outside India, underscoring the company’s ambition to become a …

Block Deal of Rs 236 crore  On August 8, a significant transaction involving Protean eGov Technologies Ltd took place. In a block deal window, 12 lakh shares, representing 3.2% equity of the company and valued at Rs 236 crore, changed hands. While the official buyers and sellers of this transaction remain undisclosed, reports suggest that …

Balaji Amines Ltd. (BAL) was established on October 27, 1988. BAL has positioned itself as a reliable supplier of high-quality amines such as ethyl and methyl, serving various industries including pharmaceuticals, agrochemicals, and personal care products. With advanced manufacturing facilities and a strong emphasis on research and development, BAL is dedicated to providing innovative solutions …

Nazara Technologies Ltd saw a notable gain in its share price on Thursday, August 8, following the company’s announcement of receiving a letter of intent (LOI) for the acquisition of Smaaash Entertainment, which is currently undergoing an insolvency process. Approval from Committee of Creditors In a significant development, Nazara Technologies disclosed in a stock exchange …