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STOCK MARKET UPDATES 06/06/2024



 

*    Peak power demand bounces back to nearly 241 GW on Tuesday.

*    Dutch may pay as much as €3 billion to clean up the Tata Steel plant.

*    Sebi makes the process of securities payout directly to the client account mandatory.

*    Kotak Bank gets RBI nod to sell 70 percent stake in general insurance arm to Zurich Insurance.

*    Vistara nimble enough to make course corrections: CEO Vinod Kannan.

*    DoT to undertake MSME survey to push industry 4.0 applications.

*    Boeing tries again to launch NASA astronauts for the first time after the latest round of repairs.

*    Airtel, Jio free cash flow seen rising amid falling capex spends, growing ARPU.

*    Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback: Report.

*    Air India Express bets on growth opportunities and group synergies.

*    SAP aims to double embedded AI use cases up to 100 by year-end: SAP CEO.

*    Fitch affirms India's rating outlook as stable.

*    Indian Airlines face bigger losses in FY25 despite higher demand: CAPA India.

*    Air India CEO Campbell Wilson says we could have handled the delays better.

*    JPMorgan says it takes the market about 1 week after poll results to revert to pre-election levels.

*    Abu Dhabi's Adnoc offers India a stake in its upcoming LNG liquefaction terminal. 

*    Cheap Vietnamese steel imports start their ascent in the Indian domestic market.

*    Indian Oil signs JV with Singapore-based Sun Mobility for battery swapping business.

*    Byju's term-loan lenders kick off bankruptcy proceedings against its US assets.

*    Call for Sebi investigation into market manipulation via exit polls gets louder.

*    Mahindra Manulife Mutual Fund launches Manufacturing Fund.

*    Asia’s chip giants hustle to maintain their edge over the US.

*    NSE breaks world record with 19.71 billion single-day orders: NSE CEO.

*    Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing.

*    Maruti Suzuki to invest Rs 450 crore in renewable energy initiative.

*    Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments.

*    SpiceJet plans to raise $250 million by mid-August, says Ajay Singh.

*    MeitY will continue the momentum in the new government by building on past legacies: Secy.

*    Fintech firm Fibe raises $90 million in a funding round led by TR Capital.

*    Ministry of Steel bets against limiting imports of key raw materials.

*    Govt studying 300 airstrips to develop brownfield airports: Aviation secy.

*    May services grow at a five-month low as domestic demand weakens.

*    PGIM India MF remains overweight, with a bias for long-duration govt bonds.

*    Shortage of pilots, cabin crews 'far more serious' than visible: CAPA India.

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