Stocks/Share Market - Angel One

Infibeam Avenues Limited has announced that its Artificial Intelligence division, Phronetic.AI, has secured contracts with a leading hospital chain and an international gas station chain for its inaugural AI product, ‘AI Facility Manager’. These contracts mark a significant milestone for Phronetic.AI, leveraging its advanced Theia Vision AI technology in the healthcare and energy sectors. The …

Popular Vehicles and Services Limited has announced the inauguration of a new service workshop by its 100% step-down subsidiary, Prabal Motors Pvt. Limited. Located in North Beed, Maharashtra, this new facility is dedicated to servicing Bharat Benz vehicles and features 4 service bays. The addition of this service centre marks the 10th service facility and …

Suven Life Sciences Limited has announced that the United States Food and Drug Administration (US FDA) has given a nod to its Investigational New Drug (IND) application for SUVN-I6107, granting a “Study may proceed” letter to start a first-in-human Phase 1 clinical trial. SUVN-I6107 is a novel muscarinic M1 receptor-positive allosteric modulator, which represents a …

Apollo Micro Systems Ltd has announced the receipt of an order worth ₹10.90 crore from Bharat Dynamics Limited (BDL) for a state-of-the-art Software Defined Universal Homing System designed for Heavy Weight Torpedoes. The company stated that this cutting-edge technology, developed in collaboration with the Defence Research and Development Organisation (DRDO), positions Apollo Micro Systems as …

Shriram Properties Limited has announced the successful early exit of ASK Property Fund from the “Shriram Pristine Estates” project, a plotted development in Doddaballapura, Bangalore, under the SPL-ASK Co-Investment Platform. Shriram Pristine Estates was the inaugural project under this co-investment platform, with partners investing ₹85 crore in December 2022. The platform has a total committed …

On August 28, 2024, Wipro Limited, a major player in technology services and consulting, announced the expansion of its partnership with Dell Technologies. This collaboration will integrate Dell’s AI Factory into Wipro’s Enterprise AI-Ready Platform, aiming to help businesses better manage costs and reduce risks. By combining top-tier technology, this initiative will speed up the …

On August 27, 2024, Aditya Birla Capital Limited (ABCL) announced that it had invested ₹300 crore in Aditya Birla Housing Finance Limited (ABHFL) through a rights issue. Despite this investment, ABCL’s percentage shareholding remains unchanged, and ABHFL remains a wholly-owned subsidiary of ABCL. Since ABHFL is a WOS, it qualifies as a related party to …

Paras Defence and Space Technologies Ltd (PDSTL) is back in the headlines, and for good reason. The company, which became a sensation in the Indian stock market with its initial public offering (IPO) being oversubscribed by an astounding 300 times, has now approved a significant fund-raising plan. This move is set to pave the way …

On August 27, 2024, Shilpa Medicare Ltd announced the USFDA approval of its second New Drug Application (NDA) [505(b)(2)] for Bortezomib Injection. This injectable product, approved for both subcutaneous and intravenous use, is available as a single-dose vial containing 3.5 mg/1.4 mL (2.5 mg/mL) of Bortezomib. Notably, it is the first liquid form of Bortezomib …

At the close of the trading session on August 27, 2024, Nifty 50 was up 0.03% and Sensex was up 0.02% to close at 25,017 and 81,711, respectively. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Financial Services 25/50, Nifty Pharma and Nifty Mid-small Healthcare saw gains. On the other hand, Nifty …