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STOCK MARKET UPDATES 01/04/2024




*    Govt reduced the gas price for Reliance to $9.87; the CNG rate, PNG is unchanged.

*    NPPA revises ceiling prices of 923 scheduled drug formulations from April 1.

*    FY25 will likely witness close to 7% economic growth, but risks remain.

*    Dividends from PSUs exceed the revised estimates target by 26% in FY24.

*    RBI to set up Digital India Trust Agency to check illegal lending apps.

*    IMF approves $8 billion loan plan for Egypt as global bailout takes shape.

*    Royal Orchid Hotels to add up to 35 properties with 2,000 rooms in FY25.

*    Data centers put their money into new chip power as GenAI needs to grow.

*    GitHub community in India is going to overtake the US: Sharryn Napier.

*    Real estate registration in Mumbai up 8% to 14,150 units this month: Report.

*    Torrent Group's Mehta family pledges Rs 5,000 crore for social causes.

*    India's motorcycle and scooter sales likely crossed pre-Covid levels in FY 23-24.

*    Maharashtra govt maintains status quo on property ready reckoner rates.

*    NTPC logs the highest-ever power generation of 422 bn units in FY24.

*    Bank of India receives Rs 1,128 cr tax demand order.

*    HDFC Bank proposes to sell its subsidiary HDFC Education.

*    Mumbai property market record performance spree continues in March.

*    Phone companies press the crackdown button on deep online discounts.

*    AAI upgrades Port Blair's VSI Airport from grade III to II.

*    Fundraising via QIP hits Rs 78,000 crore in FY24 on strong market sentiment.

*    Govt forms 14th task force to explore the use of biochar in steel production.

*    Government EV push, FAME II ending March 31st, 2024, and FAME III likely in the main budget in July.

*    Infosys will receive a windfall tax refund of ₹6,329 crore from the IT department.

*    IOCL and Panasonic to form a joint venture to make lithium-ion cells.

*    Zomato gets a GST demand order of ₹23.26 crore for FY 2018-19.

*    India Cements promoters increase share pledge as co finds itself in a tight spot.

*    Beer is at the beginning of an era of growth in India: Heineken CEO.

*    Coal ministry eyes asset monetization worth nearly ₹55,000 crore in FY25.

*    Interim relief to luxury shoemakers as Centre extends QCO implementation.

*    FY24 Review | Brent has risen 9% in the last 12 months.

*    RBI deputy governor urges banks to exercise prudent risk management.

*    India's GDP to grow 8% and above in March quarter, FY24: FM Sitharaman.

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