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STOCK MARKET UPDATES 15/05/2024



 

*    IndiGo plans to expand its regional network with an order of 100 smaller planes.

*    Food inflation likely to remain a cause for concern due to heatwave: ICRA.

*    Cipla: Timely new launches, India outperformance key for margin gains.

*    Spike in food & fuel prices pushed WPI inflation to a 13-month high in April.

*    Macrotech Developers to invest Rs 3,500-4,000 crore to acquire land parcels.

*    The Indian banking industry increases its cyber insurance coverage in FY24.

*    India's smartphone market is up 11.5%; Apple rules the super-premium segment.

*    BASF India Q4 result: PAT up 15% at Rs 161 crore total income at Rs 3,384 crore.

*    Palm oil imports jump 34% to 684,000 tonnes in April on lowering global prices.

*    Q4 results: PVR Inox reports Rs 130 crore net loss on weak demand.

*    Ikea announces Gurugram warehouse deal to boost Delhi-NCR deliveries.

*    Tata AIG General Insurance partners with Aurm for its vault services.

*    Siemens board approves demerger of energy business into a separate listed entity.

*    AirBrick Infra aims for a 200% growth in Sales Order Book for FY25.

*    PVR Inox inks pact with Devyani International for the development and operation of food courts in India.

*    Quant MF gets RBI nod to hike stake in RBL Bank.

*    Tata Mutual Fund merges banking & PSU debt fund with corporate bond fund.

*    FanCode gets exclusive rights to broadcast PGA Championships.

*    Razorpay revamps health insurance policy and provides coverage for vital medical treatments.

*    Hygiene brand Pee Safe launches a chatbot to increase awareness and help shoppers.

*    Hindustan Zinc, Jindal Power, and JK Cement are in a race with others for two gold mines in Rajasthan.

*    Amazon pumps Rs 1,660 crore into Indian marketplace entity.

*    WhiteOak Capital Mutual Fund launches special opportunities fund.

*    Bharti Airtel Q4 results: Net profit declines 31% to ₹2,072 crore.

*    Bharti Hexacom Q4 results report 10% YoY PAT jump to Rs 223 crore.

*    SIEMENS Q4 Result: Net profit at 802 crore, EBITDA margin at 15.3%.

*    Royal India Corporation Limited (RICL) Unveils INR 99 Crore Preferential Issue.

*    London’s Pantheon Ventures to ramp up investments in India.

*    Allied Blenders and Distillers Limited gets SEBI nod for ₹1,500 crore IPO.

*    China’s clean-tech subsidies are good for the planet we inhabit.

*    Walmart to lay off hundreds of corporate staff and relocate others, says report.

*    Novelis plans $1.2bn worth of US IPO by June, looking at $18bn valuation.

*    China warns new US tariffs to ‘severely’ impact relations: Report.

*    ChrysCapital invests $100 million in eyecare chain Centre for Sight.

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