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STOCK MARKET UPDATES 03/06/2024



 

*    Economy expands 7.8% in Q4, lifting FY24 growth to 8.2%.

*    Commercial LPG prices were slashed by Rs 69.5 after the Rs 19 cut in May; ATF prices were revised down 6.5%.

*    India's top 100 listed companies must verify market rumors in 24 hours: SEBI.

*    Microsoft to pay off cloud industry group to end EU antitrust complaint: report.

*    Nvidia is set to overtake Apple as the world's second-most valuable company at $2.68 trillion.

*    NMDC's iron ore output fell 37% in May; sales decreased by 22 pc.

*    Tata Motors sales were up 2 pc at 76,766 units in May.

*    OPEC+ extends oil cuts to the third quarter, discusses 2025, sources say.

*    Boeing hit with $72 million verdict in EV aircraft trade secrets case.

*    GlobalLogic sees increased business from India-based GCCs.

*    DoT mulls using drones, and balloons for 5G connectivity in emergencies.

*    India's fiscal numbers and growth are to be monitored for an upgrade in the next 24 months, says S&P.

*    Coal stocks at thermal plants continue to be more than 45 MT amid peak power demand.

*    Tata Group working on 100 Gen AI projects: Chandrasekaran.

*    Tesla shareholder sues Elon Musk for alleged $7.5 billion insider trading.

*    Maruti Suzuki cuts prices of auto gear shift models by ₹5,000 from. 

*    India has enough room for multiple wide-body carriers to flourish: Emirates.

*    Moderna’s RSV shot wins FDA approval for use in older adults.

*    The government may raise incentives and provide VFG to make India a global ship-building hub.

*    No relief from heatwaves in northwest, central, and east India until Tuesday: IMD.

*    Hindustan Zinc to Maximize Silver Production Amid Record Rally.

*    Three co-founders of Quotient Ventures resign to start their own venture.

*    Anant Yardi becomes majority stakeowner of WeWork and David Tolley remains CEO.

*    Reliance, Tata on TIME's list of the world's most influential companies.

*    RBI working to expand UPI to 20 countries by 2029, the Annual Report.

*    Mumbai city sees 12,000 property registrations in May, up 22% annually: Report.

*    Tata Motors likely to make Tamil Nadu export hub for EVs from JLR.

*    Meganet is set to log Rs 1,000 crore revenue in the next two years, says CEO Pipada.

*    Maruti Suzuki India sees a 2% drop in sales to 174,551 units in May.

*    India must encourage both hybrid and EVs, says Maruti Suzuki India.

*    Global agricultural trade focuses on Indian policies post-new government formation.

*    Tata Motors electric vehicle business posts Rs 9,300 crore revenue in FY24.

*    Fitch lowers Boeing 2024 aircraft delivery and free cash flow forecasts.

*    Wipro shareholders approve resolution on $4.3 million pay package for ex-CEO.

*    Automaker Stellantis appoints Shailesh Hazela as CEO, MD of India ops.

*    BSE acquires entire equity stake of S&P Dow Jones Indices in Asia Index.

*    Udupi Cochin Shipyard bags a new order from Adani group's Ocean Sparkle.

*    Tata Capital seeks retail loans growth of 35% in FY25: Senior executive.

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