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STOCK MARKET UPDATES 16/05/2024



 

*    Mines ministry asks Coal India, NMDC to look for lithium mines overseas.

*    Ficci, IESA sign contract to foster innovation in semiconductor industry.

*    Wheat purchases by government at 25.4 mn tonnes, 1.5% lower than last year.

*    MakeMyTrip's Q4 profit jumps multifold to $172 mn on tax credit gains.

*    UP government eyes Rs 5K crore investments for defense manufacturing corridor.

*    DLF to enter Mumbai, Goa this year with luxury homes.

*    Uber's India tech team powers Uber Eats to 1 million merchants globally.

*    Rajasthan travel industry seeks infra push to boost wedding tourism.

*    IIFL Finance raises Rs 1,271 crore through rights issue to fund business growth.

*    Number of Agriculture startups jumps multifold to 7,000 in last 9 years: Report.

*    LG looks to enhance lead in TV segment with products tailored for India.

*    Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%.

*    IEA lowers global oil-demand growth forecast for 2024.

*    Samco Mutual Fund launches Special Opportunities Fund.

*    Thermal PLFs to remain healthy amid power demand-supply mismatch: Report.

*    India's GDP correlation has gone for a toss in the current year: Asian Paints' Amit Syngle.

*    AWS makes Amazon Bedrock available for developers in India.

*    In AUM term, we are the largest low-income HFC: Rishi Anand, Aadhar Housing Finance.

*    Sri Lanka in talks with India to set up small arms manufacturing unit: Premitha Tennakoon.

*    Sebi eases KYC norms for mutual fund investors.

*    Higher gold imports, low exports weigh as India's trade deficit widens to $19.1 billion.

*    Fashion brand Beyoung enters physical retailing, eyes 300 stores.

*    Urban unemployment drops slightly to 6.7% in Q4FY24; female labour force participation rises further.

*    Jindal Steel’s capacity expansion will fuel growth, but beware the China factor.

*    Highway construction has sped up, not slowed down, in election season: Officials.

*    Quick Heal partners with Europe-based EET Group for cybersecurity solutions.

*    Real estate bigs are coming for the hotel industry bearing a ₹10,000-crore purse.

*    Thermax sees green hydrogen, chemicals as key investment areas.

*    Devyani's domestic struggles continue as it integrates Thai acquisition.

*    PFC reports 25% rise in FY24 net profit to ₹26,461 crore.

*    Canada slaps over CAD 13OK fine on Infosys over health tax underpayment.

*    ChrysCapital to bet big on branded healthcare in India, says MD Raghav Ramdev.

*    Go Digit IPO subscribed 36% on day 1, retail portion fully booked.

*    OpenAI’s chief scientist and co-founder, Ilya Sutskever leaves the company.

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