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STOCK MARKET UPDATES 09/05/2024



 

*    L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%.

*    Tata Power Q4 results: PAT is up 11% at Rs 1,046 crore on higher revenues.

*    RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report.

*    Google launches Wallet app in India to help users store digital documents.

*    Sebi extends the settlement scheme period till Jun 10 in stock options cases.

*    Pet insurance market in India to reach Rs 6,500 crore mark by 2025.

*    Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr.

*    Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO.

*    NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay.

*    TVS SCS wins new business deal for Eicher's bus facility in Baggad.

*    USFDA issues Form 483 with 1 inspection observation to Cipla's Maha unit.

*    Rockwell Automation to expand in India with more factories and tech workers.

*    Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore.

*    Serum Institute of India says it stopped manufacturing Covishield in December 2021.

*    India's data center industry is set to double capacity by 2026, attracting investments.

*    Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%.

*    Mercedes retreats to gas guzzlers as EVs fail to boost profit.

*    Bajaj Consumer Care to buy back 57.41 lakh equity shares at Rs 290 apiece.

*    China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries.

*    Salasar Techno Engineering completes the acquisition of EMC for Rs 178 crore.

*    Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%.

*    Railways laid on an average of 7.41 km of tracks daily in 10 years, RTI response reveals.

*    Muthoot Finance raises $650 million through US dollar bonds.

*    TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24%.

*    India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran.

*    Sebi tells investment advisors to share social media details every 6 months.

*    Sugar export ban to remain in place despite comfortable domestic stocks.

*    Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar.

*    Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure.

*    GRE Renew Enertech raises ₹3.25 crore in the private placement and aims to IPO in August.

*    Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion.

*    Aparna Purohit quits Amazon Prime Video after 8 years.

*    US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources.

*    Air India Express operations are disrupted as the crew reports sick.

*    RINL plant days away from shutdown due to coal supply crisis.

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