STOCK MARKET UPDATES 13/06/2024

 

*    Life insurers to mandatorily provide loan facility against policies: IRDAI.

*    Industrial production declines to a three-month low of 5% in April.

*    Government needs to adopt a granular approach to support biz and promote jobs: PwC Chairman.

*    International Road Federation calls for reducing GST on helmets from 18% to nil.

*    SBICAP Trustee Company pays Rs 25 lakh to Sebi to settle debenture trustee rules violation case.

*    Sundaram Home Finance launches emerging business segment; Rs 300 crore target disbursal.

*    Suzlon Energy, PB Fintech, and NHPC among 19 midcap additions by mutual funds in May.

*    Skincare brand Foxtale raises $18 million from Panthera Growth among others.

*    Drone delivery startup Skye Air raises $4 million in funding.

*    India's April-May steel imports hit a five-year high on buoyant domestic demand.

*    Retail inflation eases marginally to 1-year low of 4.75% in May: Government data.

*    India remains the world's fastest-growing major economy globally: World Bank.

*    PLI scheme to draw Rs 3-4 trillion investments over 4 years; boost private capex: ICRA.

*    NBCC bags Rs 100 crore from Oil India to build core repository in Guwahati.

*    Brigade Group to invest Rs 8,000 crore in Chennai; develop 15 million square feet.

*    India may sign an FTA with Oman in the first 100 days of PM Modi's third term.

*    Mahindra Group to focus on delivering scale over next decade: MD Anish Shah.

*    Government steps help boost toy making and exports; more work needed: DPIIT secretary.

*    CIPL bags Rs 114 crore IT infra maintenance project from Indian Oil.

*    Crisil upgrades its outlook on Inox Wind's bank facilities to stable.

*    India to clock highest growth in tech spending in 2024 in APAC: Report.

*    Global oil markets will tip into surplus by the end of the decade, IEA says.

*    Pulses import up 20% to 371,334 tonnes in April-May to meet domestic demand.

*    Nestle India to pay royalty license fees at the current rate of 4.5% to Société des Produits Nestlé S.A.

*    Indian snack maker Haldiram's considers to raise funds via IPO: Report.

*    Amazon to invest billions in Taiwan cloud infrastructure.

*    Germany's Hansgrohe accelerates India's expansion with an ambitious retail strategy.

*    Go First bankruptcy: NCLT grants final 60-day extension on the moratorium.

*    Yes Bank, IDFC First Bank seeks to revive corporate lending.

*    Private sector participation in LVM3 production could mean a space sector boom.

*    NCLT admits Pune-based Cian Healthcare under insolvency over dues worth ₹1.14 crore.

*    Bondada Engineering gets LOA for a work order worth Rs 939 crore from NLC India.