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STOCK MARKET UPDATES 12/06/2024

 




*    Ficci appoints Jyoti Vij as the new director general with immediate effect.

*    Steel demand expected to grow 9-12% in FY25: Ind-Ra report.

*    IBBI proposes reducing the compliance burden and simplifying forms for RPs.

*    Persistent Systems partners with Google Cloud to drive GenAI in key markets.

*    Trade and industry bodies in Rajasthan call for creating a solar energy hub.

*    NCLAT asks ICICI to consider the OTS proposal in the Jaiprakash Associates case.

*    Exports from special economic zones up 4% to $163.69 billion in 2023-24.

*    Tata Motors planning to invest Rs 18,000 crore in its EV division till FY30.

*    Microloans grow 27% in the March quarter, and stress levels increase by the Report.

*    Daimler India names Muthu Maruthachalam as the new chief of ops and logistics.

*    India reports sixth strongest hiring outlook globally in Sept qtr: Survey.

*    HCLTech, Germany's apoBank extends ties with a $278-million deal.

*    OPEC sticks to 2024 oil demand growth forecast but trims Q1 view.

*    PV sales up in low-digits as growth pace moderated in May: SIAM.

*    Star Health & Allied Insurance plans a 15% price hike for two products.

*    India eyes oil deals with nations including Russia, minister says.

*    Waaree Energies supplies 68 MW solar modules to Gensol Engineering.

*    Tyre exports from India recorded at Rs 23,073 cr in FY24.

*    Magenta Mobility joins hands with Tata Motors and deploys 100 Ace EVs.

*    Tata Motors eyes a 4-6% increase in passenger vehicle market share over the next 2 to 3 years.

*    MyGate founder Vijay Arisetty joins Aurm as founder and CEO.

*    FIDC urges RBI to relax draft guidelines on infrastructure provisioning.

*    SBI says MSME loans will be the focal point for growth over the next 5 years.

*    Berger Paints plans retail expansion to grow in the south and west India markets: CEO.

*    Ola Electric gets SEBI nod to launch ₹5,500 crore IPO: Report.

*    VaynerMedia sets up a full-service ad agency in Gurugram, lured by India's economy.

*    Zomato to pump ₹300 crore more into quick commerce arm Blinkit.

*    SBI to raise USD 3 billion through debt in FY2025.

*    Warburg Pincus, Multiples PE enter final lap to acquire a stake in Ebco.

*    Private credit to real estate, UTI Alternatives embarks on a fundraising spree.

*    Not just Air India, most airlines have a long-haul punctuality problem.

*    India's semiconductor industry to face 300,000 professionals shortage by 2027.

*    RBI rejects reappointment of RK Bansal as Edelweiss ARC chief.

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