Stocks/Share Market - Angel One

On June 20, 2024, Tata Motors announced the launch of Tata Motors Fleet Verse, a comprehensive digital marketplace for the company’s commercial vehicles. The new marketplace will facilitate all transactions through Tata Motors’ extensive pan-India dealership network, utilising a direct-to-dealer payment ecosystem. Key features of Fleet Verse include: Smart Search Vehicle Discovery: Explore Tata Motors’ …

On June 20, 2024, HFCL Limited issued a corporate guarantee in favour of Axis Finance Limited to secure a rupee term loan of ₹60 crore that HTL Limited has availed of/will avail of. This guarantee is detailed in an agreement outlining its significant terms and conditions, primarily concerning the amount guaranteed and the obligations of …

Sun Pharmaceutical Industries Ltd., has announced a partnership with Takeda Pharmaceutical Company Ltd. This collaboration aims to introduce an innovative gastrointestinal (GI) drug in the Indian market. The memorandum of understanding (MoU) between the two companies marks a pivotal step in increasing the availability of advanced treatments for gastrointestinal conditions in India. Collaboration Details Under …

In a recent interview, RR Kabel’s promotor and Managing Director, Shreegopal Kabra, discussed various topics related to the company’s business strategies, product developments, and regulatory concerns. RR Kabel was listed in 2018 and since then the company hasn’t seen many internal changes but the listing did make it easier to raise funds for the company, …

The Hinduja Group has initiated a bond sale process aimed at raising Rs.73 billion (approximately $890 million) to facilitate its acquisition of Reliance Capital, marking a major move in the sector. The group is positioning itself to finalize this substantial deal, showcasing its plans to expand its footprint in the financial services industry. Details of …

Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India.  Vodafone Idea Stock up by 4% Shares of Vodafone Idea Ltd. …

The Securities and Exchange Board of India (Sebi) has upheld its interim order barring JM Financial (JMFL) from acting as a lead manager for public offerings of debt securities (bonds) until March 31, 2025. This action stems from alleged irregularities in a recent non-convertible debenture (NCD) issuance. Focus on Debt Securities SEBI clarified that the …

Jindal Stainless, India’s leading stainless steel manufacturer, has played a pivotal role in a landmark export initiative. The company supplied speciality stainless steel to construct 100 “Made in India” freight wagons destined for Mozambique. Stainless Steel Strengthens Export Capabilities This project marks a significant step forward for India’s export capabilities. The wagons, manufactured with Jindal …

Amara Raja Energy & Mobility Limited (formerly Amara Raja Batteries Limited) decided to invest in InoBat AS (formerly InoBat Auto AS), which is based in Oslo, Norway. InoBat AS is the parent company of InoBat Auto JSA, located in Banska Bystrica, Slovak Republic. The necessary transaction documents were signed on June 20, 2024. Objects And …

On June 20, 2024, Infosys, a global leader in digital services and consulting, announced that it will ring the Opening Bell at the New York Stock Exchange (NYSE) on June 21, 2024. This event marks the 25th anniversary of Infosys being listed in the US. CEO Salil Parekh, CFO Jayesh Sanghrajka, and other key Infosys …