Stocks/Share Market - Angel One

Securities and Exchange Board of India (SebI) has sent a show cause notice to Yashish Dahiya, the Chairperson and CEO of PB Fintech Limited. The notice concerns PB Fintech FZ-LLC, Dubai, investing $2 million on November 17, 2022, to buy a 26.72% share in YKNP Marketing Management, a different company. The notice mentions that this …

Wipro Limited, a prominent Information Technology (IT) services player, has bagged a staggering $500 million deal with a leading US communication service provider. The 5-year contract will see Wipro poised to deliver managed services tailored to specific products and industry solutions. “Wipro will deliver managed services for select products and industry-specific solutions,” the company stated …

On June 7, 2024, Tata Consultancy Services (TCS) launched TCS AI WisdomNextTM.This platform consolidates various Generative Artificial Intelligence (GenAI) services into a unified interface. It facilitates organisations in swiftly embracing next-gen technologies on a large scale, reducing expenses, and ensuring compliance with regulatory standards. This innovative platform aims to eliminate obstacles for customers in creating …

On June 6, 2024, United Breweries Limited announced in a stock exchange filing the launch of Queenfisher Premium Lager Beer: The Queen of Good Times from the House of Kingfisher in Maharashtra. The company stated that after receiving an overwhelmingly positive response from consumers in Goa, Meghalaya and Assam, they are delighted to introduce this …

Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations in iron ore, gold, and aluminum mines in Goa, Karnataka, Rajasthan, and Odisha. The company primarily operated in Goa and Karnataka, it has gradually expanded its operations in recent years to Odisha, Rajasthan, Chhattisgarh, Tamil Nadu, Punjab, Jharkhand, Gujarat, and …

In recent political discussions, the BJP’s manifesto has promised to make India the “API Market of the World” if they comes into power. This has significant implications for India’s pharmaceutical industry, particularly for companies specializing in APIs, or active pharmaceutical ingredients. APIs are the key chemicals in drugs, and there are companies that focus on …

On June 7, 2024, The Great Eastern Shipping Company Limited (GE Shipping) announced its acquisition of a medium-range (MR) product tanker weighing approximately 49,990 deadweight tons (dwt). The agreement, finalised on June 6, 2024, involves a vessel built in 2013, set to integrate into the company’s fleet during the second quarter of the fiscal year …

On June 7, 2024, Adani Ports and Special Economic Zone Limited (APSEZ) informed in an exchange filing that the company received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. APSEZ secured the five-year O&M contract …

On June 6, 2024, Dixon Technologies (India) Limited (Dixon) informed the stock exchanges that it had entered into a Term Sheet with HKC Corporation Limited (HKC) for a prospective Joint Venture arrangement. The collaboration aims to manufacture Liquid Crystal Modules (LCM) and thin film transistor liquid crystal display modules (TFT-LCD Modules), along with assembling end …

On June 6, 2024, Jubilant Pharmova Limited informed in a stock exchange filing regarding the acquisition progress of O2 Renewable Energy XVI Private Limited (O2). Initially proposed on January 2, 2024, the company outlined plans to acquire a 19.89% stake, equivalent to 75,903 Compulsorily Convertible Debentures (CCDs) with a face value of ₹1,000 each, along …