Stocks/Share Market - Angel One

On March 15, 2024, a Memorandum of Understanding (MoU) was signed between REC Ltd wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), and Bharat Heavy Electrical Limited (BHEL), to build utility-scale renewable energy projects around the nation jointly. The purpose of the Memorandum of Understanding is to use a specific Special Purpose Vehicle (SPV) …

An initial use case of 5G mobile networks, Fixed Wireless Access (FWA) will get monetised in India as telecom operators cannot use fibre in every place due to the cost and time constraints. Telecom Operators’ Strategy Randeep Sekhon, Chief Technology Officer (CTO) of Airtel, stated that telecom operators cannot try to fiberise every place since …

NHPC Limited, one of India’s foremost hydropower companies and a central public sector enterprise under the Ministry of Power, has won a significant bid to spearhead the development of a 200 MW capacity Solar Power Project on March 15, 2024. This venture is slated to be established within the 1,125 MW RE Park operated by …

On March 18, 2024, Zomato share price of an online food delivery company was in focus after receiving a tax notice from Gujarat tax authorities. On March 16, 2024, the company, in an exchange filing, stated that it had received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by …

A Leap Towards Sustainability Geoclean, the waste management arm of ACC and Ambuja Cements, has taken a significant leap forward in sustainable waste management by introducing two innovative facilities. These facilities, the Ambuja Marwar Pre-processing and Co-processing Facility, and the ACC Jamul Co-processing Facility, signify a major advancement in the utilization of waste-derived fuels and …

Indian multinational conglomerate Adani Group plans to invest over ₹1.2 lakh crore across its portfolio companies, which includes airports, ports, energy, cement, media and commodities in the upcoming financial year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses. The projected capital expenditure …

On March 15, 2024, the central government of India gave a green flag to the new Electric Vehicle (EV) policy, which promotes the country as a manufacturing destination so that e-vehicles (EVs) with the latest technology can be manufactured. The objective of the policy is to welcome international EV manufacturers like Tesla to invest in …

Coforge Ltd, previously known as NIIT Technologies, stated in an exchange filing that the company’s board had approved the raising of funds. Details of the Fundraising  On March 16, 2024, Coforge Ltd held a board meeting where the company’s board approved the raising of funds through a Qualified Institutional Placement (QIP), which means issuing shares …

Once more, domestic indices experienced a notable downturn in today’s trading session, with the oil & gas, energy, power, and metal sectors standing out as notable losers. However, amidst the weakness, BSE Realty and BSE Consumer Durables were the sole sectoral indices to trade in positive territory, showing resilience amid the broader market decline. At …

The Indian equity market witnessed a significant downturn recently, driven by concerns raised by the securities regulator regarding overheating and froth in smaller stocks. This article explores the factors contributing to the market turbulence and the regulatory response to mitigate risks. Market Downturn Indian equities experienced a notable setback as smaller stocks faced their worst …