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STOCK MARKET UPDATES 03/04/2024



 

*    'Govt meets tax collection target of over Rs 34.37 trn for 2023-24'.

*    Opec+ ministerial panel unlikely to change output policy at April 3 meeting.

*    MakeMyTrip, STB partner to promote Singapore to Indian travelers.

*    Govt proposes national iron ore exchange to tackle price anomalies: Report.

*    PepsiCo to invest Rs 1,226 crore to set up a new facility in Madhya Pradesh.

*    Forex derivatives volumes to plummet 80% on mandatory exposure rule.

*    SpiceJet to soon receive the Q400 plane as part of the settlement with lessor NAC.

*    Zomato gets service tax demand and penalty order of Rs 184 crore.

*    MoRTH raises Rs 40,314 crore via asset monetization in 2024.

*    Manufacturing PMI in March rises to 16-yr high, employment improves.

*    ChatGPT: OpenAI opens up the AI chatbot without necessitating account signup.

*    JSW Energy board approves raising Rs 5,000 crore through QIP.

*    India's sunoil imports hit the second-highest level as palm oil retreats.

*    Haldia Petchem plans a $10 billion oil-to-chemical project in south India.

*    Main-board IPOs collect Rs 62,000 crore in FY24 on upbeat secondary market and strong retail participation.

*    Defense sector poised to experience CAGR of 13 percent from FY23 to FY30: Jefferies.

*    Scrut Automation raises $10 million in a funding round from existing investors.

*    Germany could spend up to €9 bn more on defense from 2028, minister says.

*    India’s searing heat wave may calm RBI defense down on rate cuts.

*    India's new EV policy allows imports from any country, including China: Official.

*    SBI forecasts 15% growth in deposits for FY25; expects RBI rate cut only in Q3FY25.

*    India added 21 GW solar module, 3 GW cell manufacturing capacity in 2023: Mercom.

*    Bajaj Auto leads major 2W makers with the highest domestic sales growth in FY24.

*    Trai seeks inputs for broadcasting policy to make India a content hub.

*    Nippon Steel Pledges No Layoffs before 2026 in US Steel Bid.

*    Japan Approves $3.9 Billion in Aid to Chip Venture Rapidus.

*    Nazara eyes ₹1,000 crore game studio revenue with ₹830 crore acquisition plan.

*    Centre to set up labs for testing marquee textiles meant for exports.

*    Hybrid cars can act as a bridge to carbon-free mobility.

*    NBFC Namdev Finvest raises $20 million in equity funding.

*    Adobe Empowering IndiGo's Digital Transformation Journey with Generative AI.

*    Microsoft-Backed Rubrik Files for IPO: Revenue grows to $628 million.

*    US defense official showed symptoms of ‘Havana syndrome’ at the 2023 NATO summit.

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