Stocks/Share Market - Angel One

JK Paper Ltd., a leading Indian paper and packaging board company, announced a strategic move to solidify its position in the growing packaging sector. The company’s Board of Directors, on May 17, 2024, approved the acquisition of the remaining 15% equity stake in its subsidiaries, Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd …

Artificial Intelligence (AI) stands as a transformative force in the 21st century, driving innovation and productivity across sectors. For India, harnessing AI is not just a technological necessity but a strategic imperative to propel its aspirations of becoming a developed nation and securing a place among the world’s top three economies. The potential of AI …

In a move to bolster its liquefied natural gas (LNG) transportation capabilities, GAIL (India) Limited has signed a significant 14-year time charter agreement with Cool Company Ltd. This strategic partnership with the pure-play LNG shipping company secures a newbuild LNG carrier for GAIL’s fleet, with the charter commencing in early 2025. The agreement offers GAIL …

TVS Supply Chain Solutions Limited (TVS SCS), a leading Indian provider of integrated supply chain solutions, announced a strategic collaboration with Manchester Metropolitan University (MMU) to drive artificial intelligence (AI) adoption within its operations. This partnership signifies TVS SCS’s commitment to innovation and relentless pursuit of industry-leading solutions for its customers. Focus on AI Governance …

ITI Limited, a leading Indian telecom manufacturer and public sector undertaking (PSU), announced it had received significant contracts to install solar street light systems in Bihar. This news, shared through a recent exchange filing, underscores ITI’s commitment to clean energy solutions and growing expertise in the solar power sector. Bihar Renewable Energy Development Authority Awards …

Chemplast Sanmar Limited’s Custom Manufactured Chemicals Division has secured a significant partnership with a leading global agrochemical innovator. This strategic collaboration formalised through a 5-year letter of intent (LoI) signed on May 16, 2024, positions the Custom Manufactured Chemicals Division as a key player in developing a new pipeline of Active Ingredient (AI). Manufacturing Expertise …

Adani Ports and Special Economic Zone (APSEZ) has been reportedly excluded from the Norwegian central bank; and Norges Bank’s $1.3 trillion Government Pension Fund Global (GPFG)  based on the Council of Ethics’ recommendation. This council highlighted an “unacceptable risk” of APSEZ’s involvement in serious human rights violations, particularly in war or conflict zones. The excluded …

The department of telecom has received applications for the spectrum auction from the three telecom operators- Reliance Jio, Bharti Airtel and Vodafone Idea. These three will battle it out to get a piece of 5G spectrum worth around Rs.96,300 crores to be offered in the upcoming auction that will start on June 6.  Details regarding …

On Friday, the benchmark indices are trading in the green with the Sensex up around 250 points or 0.34% at 73,912, while the Nifty-50 is up around 56 points or 0.25% at 22,459. About 2,281 shares have advanced; 1,204 declined and 167 are unchanged on the BSE. Top gainers and losers: The top Sensex gainers …

Despite starting the trading session lower, domestic indices later gained positive momentum, buoyed by strong performances in the auto, telecommunications, metals, and consumer durables sectors. The broader indices also mirrored this strength, rising in line with the main indices. At 10:50 am, the BSE Sensex gained 0.32% reaching a level of 73,903. The Nifty 50 …