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STOCK MARKET UPDATES 21/06/2024



 

*    Gokaldas to invest Rs 300 Crore in Maharashtra fabric unit ahead of possible buyout.

*    Hinduja Group starts the bond sale process to fund Reliance Capital buy.

*    Tata Motors launches digital marketplace 'Fleet Verse' for commercial vehicles.

*    Groww Mutual Fund files draft documents for Nifty EV & New Age Automotive ETF.

*    DGCA revamps seaplane regulations to boost sustainable operations.

*    Thermal plant load factor to remain healthy at 70 percent in FY'25 on power demand growth of 6 percent: ICRA.

*    IRDAI bars insurers from advertising unit-linked policies as investment products and issues advertising rules.

*    EU envoys agree on more Russia sanctions. LNG imports are among the targets.

*    Awfis to expand in new markets, says CMD Amit Ramani.

*    Focus on the agriculture sector in Budget 2024 as it can generate employment: PHDCCI.

*    MarketsMojo appoints Tata Digital's Amit Golia as group CEO.

*    Accenture Q3 results: Revenue at $16.5 billion, cash dividend at $1.29 per share.

*    Centre Court Capital backs Quidich Innovation Labs in Series A funding round.

*    Infosys McCamish reports the first revenue decline in eight years.

*    VC firm General Catalyst acquires Venture Highway to expand in India.

*    EPFO adds 1.89 million net members in April an increase of 31.29%.

*    Shaktikanta Das on RBI supervision: ‘Need to see stress before it builds up’.

*    Sebi directs Religare's board, Saluja to seek approval for Burman's open offer.

*    No gain for Vodafone Idea from parent's 18% stake sale in Indus Towers.

*    Flipkart and Amazon ramping up their beauty business, eyeing small-town shoppers.

*    Binance cleared to operate in India, subject to a $2.25-million fine and compliance.

*    Jefferies projects Nykaa's CAGR at 20% between FY24 and FY27.

*    Ola Electric and Emcure Pharmaceuticals get SEBI nod for IPO launch.

*    Government appoints Girija Subramanian as CMD of New India Assurance Company.

*    India sees a 43% decline in FDI inflows in 2023, dropping to 15th Spot.

*    Indians' funds in Swiss banks plunge 70% to hit a 4-year low of Rs 9,771 crore.

*    70% of CEOs ramping up tech investments to improve biz in the next 1 year.

*    BoE keeps key interest rate at a 16-year high of 5.25% despite inflation fall.

*    Biocon searching for a partner to test generic Wegovy and Ozempic in China.

*    Rising deposit costs to weigh on NIMs, RoA of banks: CRISIL Ratings.

*    Tata Communications raises $250 million sustainability-linked loans.

*    Tech startup funding at $4.1 billion in H1 2024, 4% higher than H2 2023: Tracxn.

*    India ranks sixth globally in deep-tech startup ecosystems: Nasscom.

*    Housing sales are likely to decline 2% in April-June across the top 9 cities.

*    Uber launches EV service, Uber Green, in Kolkata to curb emissions.

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