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STOCK MARKET UPDATES 05/04/2024



*    Anil Agarwal-led Vedanta Group to raise $300 mn through debt securities.

*    Google to make generative AI-powered search exclusive to paid-tier: Report.

*    India has given over $1 bn to private firms under the PLI scheme: Official.

*    Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop.

*    Honda Cars India names Ryuto Shimzu as the new director of marketing sales.

*    Hiranandani plans to invest Rs 3K crore and expects 25% residential biz growth.

*    GenAI platform Hanooman announces partnership with Abu Dhabi's 3AI Holding.

*    Akasa Air regains the top spot in the on-time performance chart in March.

*    US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks.

*    Prices of essential medicines will not be increased in FY25: Health Minister Mandaviya.

*    Trai begins consultation on pricing, and terms for new spectrum bands.

*    RBI and NPCI push for UPI adoption at WTO, urge for cutting remittance costs.

*    RBI defers implementing FX derivatives rules to May 3.

*    Amid rising likelihood of a scorcher of a summer, govt powers up to help India fight extreme temperature.

*    World Bank President Banga invites Rakesh Mohan to join an economic advisory panel.

*    The Private sector's share in defense production reaches its highest in eight years.

*    Chip startup SiMa raises $70 million to quicken AI on cars and robots.

*    Relief for Nestle as NCDRC dismisses govt's 2015 plea against sale of Maggi noodles.

*    IHCL to open SeleQtions resort in partnership with Merlin Group.

*    In FY24, New India Assurance achieved about $5 billion global premium: CMD.

*    Allianz Partners becomes the first foreign reinsurer to launch operations in GIFT City.

*    Vedanta commences mining in Goa's Bicholim block.

*    52% GCCs in India proactively championing ESG agenda: EY.

*    India's services growth picks up in March on robust demand.

*    SingleInterface raises $30 mn from PayPal, Asia Partners.

*    Industry body withdraws case after IOCL cancels green-hydrogen tender.

*    Airbus’s stratospheric drone business is open to IPO, CEO says.

*    Hero MotoCorp gets demand notice of ₹605 crore from the Income Tax Department.

*    Sterlite Power unit’s CEO Manish Agarwal quits.

*    Steel companies’ EBITDA to get hit by lower prices, and high coking coal cost in Q4.

*    Vodafone Idea board to consider ₹20,000 crore fundraising in the 6 April meeting.

*    Vistara Airlines to reduce daily operations due to pilot shortage.

*    High demand for ₹1 crore homes; Over 10,000 units sold in Delhi-NCR in Q1 2024.

*    UltraTech Cement commissions 100 MW AC solar energy project in Rajasthan.

*    Oil Advances After OPEC Affirms Production Cuts Through June.

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