Stocks/Share Market - Angel One

Introduction: A Game-Changing Partnership Linc Limited, a leader in India’s writing instruments industry, has made headlines by announcing a strategic joint venture (JV) with Japan’s Mitsubishi Pencil Company Ltd. This venture aims to revolutionize the writing instruments market in India by combining Japanese technology with Linc’s extensive market expertise. The news has sparked a significant …

Oil and Natural Gas Corporation (ONGC) is making to news in the petrochemical sector with its recent board approval for a major Rs.10,501 crore investment in ONGC Petro Additions Limited (OPaL). This investment will unfold in one or more parts, showing ONGC ramping up its stake in OPaL. Just last September, the board greenlit a …

Intellect Digital Technology for Commerce (iDTC), a division of Intellect Design Arena that specialises in Procurement and Retail technologies, has officially launched the groundbreaking AI-driven in-store retail platform, eMACH.ai Retail 6DX, specifically for the Middle East market.  This innovative platform boasts a flexible architecture that facilitates seamless integration with various third-party applications, enhancing the shopping …

State-owned Bank of India raised ₹2,500 crore on Wednesday by issuing tier-II bonds at a coupon rate of 7.49%, according to sources.  They mentioned that while the cutoff was tight, it matched the bank’s expectations, showing a positive market outlook. The total order book for the bonds was around ₹6,000 crore, indicating strong investor demand …

On September 25, 2024, Shriram Finance Limited (SFL), one of India’s largest retail-focused non-banking finance companies, successfully raised $500 million through a fixed-rate senior secured bond with a 3.5-year maturity at a 6.15% interest rate.  This marks SFL’s biggest bond deal to date and is the company’s ninth USD bond issuance since the easing of …

Coromandel International Limited has announced a strategic acquisition of an additional equity stake in Baobab Mining and Chemicals Corporation (BMCC) located in Senegal through its wholly-owned subsidiary, Coromandel Chemicals Limited.  This move will see Coromandel acquiring an 8.82% stake in BMCC, which will elevate its total shareholding to 53.8%. The investment entails a commitment of …

JBM Auto Limited has announced significant expansions through its subsidiaries in the electric vehicle (EV) sector.  JBM Electric Vehicles Private Limited, a wholly owned subsidiary of JBM Auto, has successfully incorporated a new entity, JBM Electric Vehicles International PTE Ltd, in Singapore. This strategic move aims to bolster the company’s presence in the international automotive …

Infosys Limited has announced a strategic partnership with Polestar, the Swedish electric performance car brand, to support the development of in-car infotainment systems, software and electrical/electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. As part of this collaboration, Infosys will utilise its latest acquisition in the R&D space, in-tech, to enhance the partnership. …

The Indian railway system is often viewed as the backbone and lifeline of the economy. Spanning thousands of kilometres and nearly encompassing the entire country, it ranks as the 4th largest railway network in the world, following the US, China, and Russia.  The Railways Board holds a monopoly on rail services in India, overseeing the …

L&T Technology Services Limited (LTTS) announced that it has been recognised as a Leader in the Connected Product Engineering Services PEAK Matrix® Assessment 2024 by Everest Group. This accolade reflects LTTS’s unwavering commitment to excellence and innovation in embedded engineering, particularly in sectors such as Mobility, Technology, and Sustainability.  The PEAK Matrix® Assessment evaluates engineering …