Stocks/Share Market - Angel One

Reliance Retail’s fashion platform AJIO will now offer products from Swedish fast-fashion brand H&M. In a joint announcement on September 26, 2024. The 2 companies revealed their partnership, which will bring H&M’s product line to AJIO’s online store. “This partnership aims to enhance H&M’s online presence, complementing its existing omni-channel offering by making affordable, high-quality …

Biocon Limited has entered into a significant licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company, a fully-owned subsidiary of Astra Industrial Group and a leading player in the Middle East and North Africa (MENA) pharmaceutical market. This partnership aims to commercialise Biocon’s GLP-1 products, which are designed for the treatment of diabetes and chronic …

On September 25, 2024, NTPC Ltd informed the exchanges that the company’s wholly-owned subsidiary, NTPC Green Energy Limited (NGEL), signed a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT).  The JVA was formalised in Mumbai, where Shri Rajiv Gupta, CEO of NGEL, and Shri Bipin Shrimali, MD of MAHAPREIT, …

On September 26, 2024, Thomas Cook (India) Limited, a top travel services provider, and its Group Company, SOTC Travel, teamed up with Cricket Australia for the much-awaited Border-Gavaskar Trophy 2024/25.  As part of this partnership, both companies have crafted special travel packages for cricket fans, offering a memorable experience around the 5 Test matches scheduled …

Intellect Digital Technology for Commerce (iDTC), a division of Intellect Design Arena that specialises in Procurement and Retail technologies, has officially launched the groundbreaking AI-driven in-store retail platform, eMACH.ai Retail 6DX, specifically for the Middle East market.  This innovative platform boasts a flexible architecture that facilitates seamless integration with various third-party applications, enhancing the shopping …

State-owned Bank of India raised ₹2,500 crore on Wednesday by issuing tier-II bonds at a coupon rate of 7.49%, according to sources.  They mentioned that while the cutoff was tight, it matched the bank’s expectations, showing a positive market outlook. The total order book for the bonds was around ₹6,000 crore, indicating strong investor demand …

Coromandel International Limited has announced a strategic acquisition of an additional equity stake in Baobab Mining and Chemicals Corporation (BMCC) located in Senegal through its wholly-owned subsidiary, Coromandel Chemicals Limited.  This move will see Coromandel acquiring an 8.82% stake in BMCC, which will elevate its total shareholding to 53.8%. The investment entails a commitment of …

JBM Auto Limited has announced significant expansions through its subsidiaries in the electric vehicle (EV) sector.  JBM Electric Vehicles Private Limited, a wholly owned subsidiary of JBM Auto, has successfully incorporated a new entity, JBM Electric Vehicles International PTE Ltd, in Singapore. This strategic move aims to bolster the company’s presence in the international automotive …

Infosys has announced a strategic partnership with Polestar, the Swedish electric performance car brand, to support the development of in-car infotainment systems, software and electrical/electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. As part of this collaboration, Infosys will utilise its latest acquisition in the R&D space, in-tech, to enhance the partnership. To …

The Indian railway system is often viewed as the backbone and lifeline of the economy. Spanning thousands of kilometres and nearly encompassing the entire country, it ranks as the 4th largest railway network in the world, following the US, China, and Russia.  The Railways Board holds a monopoly on rail services in India, overseeing the …