Stocks/Share Market - Angel One

On June 13, 2024, Aurionpro Payment Solutions Private Limited, a subsidiary of Aurionpro, received official approval from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its AuroPay brand. This achievement marks a significant milestone for Aurionpro, which has been known for over 25 years …

About IRDAI’s reform HDFC Life has expressed strong support for the Insurance Regulatory and Development Authority of India’s (IRDAI) recent reforms outlined in the Master Circular on Life Insurance Products. The company believes these measures will significantly improve the life insurance landscape in India, making it more accessible and beneficial for policyholders. While acknowledging a …

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The Group has now planned for a $3 Billion plan in the cement space. Adani …

Exide Industries Limited (Exide), a leading manufacturer of storage batteries, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on June 12, 2024. This strategic move underscores Exide’s commitment to the growing electric vehicle (EV) market in India. Equity Injection for Growth Exide invested ₹74,99,99,988 through a rights issue, a method …

On June 13, 2024, H.G. Solar Projects Private Limited, a wholly-owned subsidiary of H.G. Infra Engineering Limited, established a wholly-owned subsidiary called H.G. Sanchore Solar Project Private Limited. The target entity is H.G. Sanchore Solar Project Private Limited. As the company has not yet commenced business operations, its turnover is unavailable. The acquisition might be …

On June 13, 2024, Larsen & Toubro’s Hydrocarbon division secured a contract from Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines. This project, located off India’s west coast in the Tapti Daman block, involves building four Wellhead Platforms, a 140-km Pipeline, and necessary Topside modifications. Commenting on this, …

On June 13, 2024, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) informed in a stock exchange filing that the company partnered with Kotak Mahindra Life Insurance Company Ltd (Kotak Life). The company stated that the collaboration will benefit over 10 million Mahindra Finance customers by providing a comprehensive range of tailor-made life insurance solutions …

CAMS Insurance Repository Services (CAMSRep), a leading player in the Indian insurance industry, has launched a revolutionary platform called Bima Central. This one-stop solution aims to simplify insurance portfolio management for policyholders, eliminating the hassle of juggling multiple policies and providers. Features of Bima Central Many individuals in India, who often purchase insurance policies from …

On June 12, 2024, Dr Reddy’s Laboratories Ltd informed the stock exchanges that the company’s step down wholly owned subsidiary, Dr Reddy’s Laboratories, Inc. (Dr Reddy’s USA), and Ingenus Pharmaceuticals, LLC (Ingenus), a Delaware limited liability company. This agreement grants Dr Reddy’s USA exclusive rights to commercialise Cyclophosphamide Injection RTD (500 mg/2.5mL; 1g/5mL; 2g/10mL) in …

On June 13, 2024, Maithan Alloys Limited informed in a stock exchange filing about the acquisition of equity shares of listed entities Bharat Electronics Ltd, Gail (lndia) Ltd and Hindustan Aeronautics Ltd through the Stock Exchange. Acquisition of Shares in Bharat Electronics Ltd Maithan Alloys acquired shares in Bharat Electronics Ltd on June 12, 2024, …