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STOCK MARKET UPDATES 07/05/2024



 

*    Central PSUs' buys from GeM rose by 36%, exceeding the target.

*    Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 crore.

*    Reliance makes fresh push for US license to import Venezuelan oil.

*    Lupin Q4 Results: Profit jumps 52% YoY to Rs 368 crore; revenue up 12%.

*    Muthoot Microfin Q4 Results: Profit jumps 27% to Rs 120 crore.

*    India and Ghana agree to operationalize the UPI link in 6 months.

*    SBI invested Rs 714 crore in TCG’s Gurugram project.

*    Eurozone business activity has grown at the fastest pace in almost a year.

*    Ampin Energy secures Rs 292 crore from Swiss firm responsibility.

*    Railways clocks 1.46% higher freight loading in April 2024.

*    Agritech startup Superplum raises $15 million from investors to expand the fresh fruits business.

*    Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock.

*    FSIB meets on May 21-22 to select the State Bank of India's next chief.

*    GCPL posts loss after tax of Rs 1,893.21 crore in Q4; Rs 10 dividend announced.

*    KKR acquires Bengaluru-based medical devices company Healthium MedTech.

*    Dhoni-backed EMotorad to build the world's biggest electric cycle gigafactory.

*    TI Clean Mobility to raise Rs 580 crore from GEF Capital Partners.

*    Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit.

*    Quadria Capital picks up a minority stake in NephroPlus for Rs 850 crore.

*    Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore.

*    Hexaware acquires US-based Softcrylic to strengthen data capabilities.

*    Coromandel expands agtech footprint and increases shareholding in Ecozen.

*    GST helped states earn 24% more than the old regime: FM Sitharaman.

*    Isro working on a semi-cryogenic engine that uses liquid oxygen kerosene.

*    Top 3 Indian IT companies train over 775,000 in generative AI skills.

*    Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction.

*    Govt removes import duty on chana, extends duty-free imports of yellow pea.

*    Stricter disclosures by trusts likely, govt mulls changes in I-T Act.

*    Hindujas eyes $50 billion BFSI valuation.

*    India’s service activity grew slower in April but was still the highest in 14 years.

*    Agri credit surpasses target, rising 15% to Rs 24.83 trillion in FY24.

*    Grihum Housing’s FY24 PAT rises 21%. 

*    InMobi’s Glance to more than double FY24 revenue, trim losses.

*    Exxon and Chevron CEOs seek clear rules on US clean energy subsidies.

*    Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%.

*    Indian airlines to capture half of international passenger traffic by FY28.

*    Britannia Industries eyes double-digit sales volume growth in FY25.

*    Slone Infosystems IPO subscribed over 78 times on day 2.

*    Jet Airways founder Naresh Goyal gets interim medical bail for two months.

*    Refractory Shapes IPO fully subscribed on day 1 amid strong retail interest.

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