Stocks/Share Market - Angel One

Tube Investments of India Ltd. (TIIL) has a strong presence in the Indian market and is known for its high-quality products and innovative technology. The company’s diverse product portfolio caters to a wide range of industries, including automotive, industrial, and fitness. With a focus on sustainability and customer satisfaction, TIIL continues to expand its offerings …

Infosys Ltd. has received partial relief as the Directorate General of GST Intelligence (DGGI) withdrew its tax demand of Rs.3,898 crore for FY18. According to the reports, this decision follows the Centre’s intent to resolve the ongoing tax dispute swiftly. Background of the Tax Dispute The tax dispute began when Karnataka GST officials issued a …

In a formal ceremony, CIL chairman P. M. Prasad received the dividend from BCCL chairman and managing director Samiran Dutta. On August 1, during BCCL’s 53rd Annual General Meeting, shareholders approved the dividend payment.  Dutta credited the company’s steady growth rate of 15 percent over the past few years for its solid financial performance and …

In a crucial auction, Omkara Asset Reconstruction Company (ARC) has emerged as the winning bidder to acquire non-performing assets (NPAs) worth Rs.6,151.16 crore from the Stressed Asset Stabilisation Fund (SASF) of the erstwhile Industrial Development Bank of India (IDBI), according to the reports. This sale translates to a recovery of 10.5% for IDBI Bank, positively …

Gautam Adani, the 62-year-old chairman of Adani Group, has announced his intention to retire by the age of 70 and transfer control of his $213 billion empire to the next generation by the early 2030s. In an interview with media, Adani detailed his succession plan, emphasizing that his sons, Karan and Jeet, along with their …

On August 2, 2024, the benchmark indices Nifty 50 was down 1.17% to close at 24,717, and Sensex was down 1.08% to close at 80,981. Top Gainers and Losers On the sectoral front, the Nifty Pharma and Healthcare Index ended in the green. Meanwhile, Nifty Realty, Auto, Metal, and IT were declining. The top gainers …

Suryoday Small Finance Bank Limited has released its unaudited financial results for the quarter ended June 30, 2024. Financial Highlights Net interest income reached ₹293.2 crore in Q1 FY25, up from ₹224.7 crore in Q1 FY24, reflecting a year-on-year growth of 30.5%. Net total income was ₹363.4 crore in Q1 FY25, compared to ₹275.7 crore …

On August 01, 2024, Le Travenues Technology Limited, known as India’s leading Online Travel Agency (OTA) for the Next Billion Users, released its financial results for the quarter ending June 30, 2024. Key Performance Highlights – Q1 FY25 In Q1 FY25, Le Travenues Technology Limited achieved significant growth across various financial metrics. The Gross Transaction …

On August 2, 2024, Mahindra Holidays & Resorts India Limited (MHRIL) announced a significant enhancement to its Club Mahindra offerings through a strategic partnership with Lohono Stays, a leading name in serviced luxury villas. This collaboration marks a notable expansion of Club Mahindra’s presence in North Goa, a region renowned for its vibrant culture and …

On August 02, 2024, Hindustan Zinc Limited (HZL), a top global producer of zinc, lead, and silver, released its financial results for the first quarter ending June 30, 2024. In the first quarter, Hindustan Zinc achieved its highest-ever mined metal production at 263,000 tonnes (kt), a 2% increase from the previous year. However, it was …