Stocks/Share Market - Angel One

On September 25, 2024, Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, shared new dermatology findings at the European Academy of Dermatology and Venereology (EADV) 2024 Congress in Amsterdam.  Data from two key Phase 3 clinical trials confirmed that adalimumab and adalimumab-fkjp can be used interchangeably. The studies also highlighted the biosimilarity of bUstekinumab. …

ECOS (India) Mobility & Hospitality Limited announced its unaudited financial results for the quarter ended June 30, 2024. The company’s Revenue from Operations reached ₹1,489 million for Q1 FY25, reflecting a year-on-year growth of nearly 14% compared to ₹1,306 million in Q1 FY24.  EBITDA, excluding other income, stood at ₹207 million for Q1 FY25, slightly …

On September 24, 2024, Max Estates Limited announced that it had successfully completed a deal with New York Life Insurance Company (NYL).  NYL has acquired a 49% stake in Max Towers and Max House (Phase I & II) by investing ₹391 crore. This is an important step in their partnership. Both properties are operational commercial …

The Multi Commodity Exchange of India (MCX) has announced a significant change in its transaction fees for futures and options contracts, set to take effect next month. The new fee structure, which replaces the previous tiered system, is in direct response to guidelines issued by the Securities and Exchange Board of India (SEBI). Under the …

Aditya Birla Group’s renewable energy arm, Aditya Birla Renewables Limited (ABReL), has successfully secured ₹2,500 crore through a private placement of non-convertible debentures (NCDs). This significant funding boost will fuel the company’s expansion plans, reduce existing debt, and support general corporate activities. The NCD issue, underwritten by Grasim Industries, attracted strong interest from various mutual …

Mazagon Dock Shipbuilders Ltd (MDL), a Navratna defence public sector undertaking (DPSU), has started the production of its first Multipurpose Cargo Vessel (MPV) for Navi Merchants, a Denmark-based company.  The plate-cutting ceremony, marking the beginning of the project, was attended by Mr Simon Christensen, CEO of Navi Merchants, as the Chief Guest, along with MDL’s …

Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited, has expanded its presence in the historic city of Mysuru, Karnataka. The company has taken over the complete management of the Club Mahindra Golden Landmark resort, offering members a luxurious escape amidst the city’s rich cultural heritage. Located amidst lush greenery, Club Mahindra …

On September 24, 2024, Delta Corp’s Board of Directors approved the demerger of its Hospitality and Real Estate business through a Composite Scheme of Arrangement under Sections 230–232 and Section 66 of the Companies Act, 2013.  This plan will separate the hospitality and real estate business into Delta Penland Private Limited (DPPL), the newly formed …

Tata Elxsi Limited has announced the successful integration of the RDK-B software stack with Qualcomm® 5G FWA Gen 3 Platform, marking a significant advancement in fixed wireless access (FWA) technology. This pioneering integration provides operators with a pathway to deliver high-speed, reliable, and scalable FWA solutions. The incorporation of RDK-B middleware introduces essential features such …

Hindustan Foods Limited (HFL) has announced plans to merge a promoter-owned entity, Avalon Cosmetics Private Limited (ACPL), as part of its expansion strategy to grow its manufacturing capabilities in Nashik, Maharashtra.  ACPL, which was acquired from Smith & Nephew Private Limited in 2007-08, operates a food manufacturing facility in Sinnar MIDC, Nashik. The facility spans …