Stocks/Share Market - Angel One

On Tuesday, the market experienced its third consecutive decline, resulting in a total market capitalization loss of Rs 10 lakh crore over the past three days. The Sensex decreased moderately by 0.52%, closing at 73,511.85, while the Nifty dropped by 0.62%, closing at 22,302.50. Among sectoral indices, Nifty FMCG and Nifty IT ended on a …

ABB India Ltd announced on May 7, 2024, that the company’s first-of-its-kind Miniature Circuit Breaker (MCB) touched a milestone 100-year anniversary of protecting electrical circuits while evolving to meet the sustainability needs of the future. MCB has changed our everyday lives by providing safety for both commercial and residential buildings, reducing the risk of unforeseen …

On May 7, 2024, Thomas Cook (India) Limited informed the stock exchanges that the company had launched its Video KYC with paperless processes to support its retail customers. With this digital solution, the company strives to make it easy and convenient for customers to avail of foreign exchange services from the comfort of their homes. …

On May 6, 2024, Oberoi Realty informed the stock exchanges that the company had entered into a Development Agreement to develop land and redevelop a large housing society spread over approximately 12,790 square meters in the Adarsh Nagar area of Worli, Mumbai. The company stated that the land parcel is leased to Maharashtra Housing and …

On May 7, 2024, Redington Limited informed the stock exchanges that the company’s step-down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S, Turkey (Arena ), signed a definitive agreement with Iyzi Payment and Electronic Money Services Inc, Turkey (Iyzico). The agreement is to sell 100% of the equity held by Arena in its wholly-owned subsidiary, Paynet …

As a subsidiary of Hindalco Industries Limited, a leading player in the aluminium and copper industries since 2007, Novelis benefits from being part of the Aditya Birla Group. Novelis is the leading provider of rolled aluminium products worldwide, catering to various industries such as beverage cans, automotive, architecture, and electronics. The acquisition aimed to enhance …

Store Expansion and Recovering Customer Footfall DMart witnessed significant store expansion in FY24, increasing its network from 155 stores in FY18 to 365 stores. This growth reflects DMart’s commitment to geographical diversification and reaching new customer segments. The following table showcases DMart’s year wise store count Year Dmart Stores FY20 214 FY21 234 FY22 284 …

TVS Supply Chain Solutions Limited (TVS SCS), a leading player in the Indian logistics landscape, has further strengthened its long-standing partnership with VE Commercial Vehicles (VECV) by securing a new three-year contract. The company signed an agreement with VECV to manage the in-plant warehousing and logistics operations at VECV’s Eicher bus factory in Baggad, Madhya …

Datamatics Global Services Limited (DGS), a leading provider of digital technologies, operations, and customer experience solutions, announced a strategic move to consolidate its Salesforce business on May 8, 2024. The company’s Board of Directors approved the acquisition of the remaining 23% equity stake in Datamatics Cloud Solution Private Limited (DCSPL), a Joint Venture (JV) company …

Without too many people noticing, Indian 10-year bond yields have dipped sharply down to the 2009 lows. At around 6.6%, the 10-year G-Sec yield is lower than the levels we had seen at the peak of the global economic crisis in 2009. What is different is the correlation between the repo rate and the 10-year …