STOCK MARKET UPDATES 24/06/2024

 

*    India's electronic manufacturing may reach USD 500 billion by 2030: CII report.

*    Commerce min engaging with different departments on India, Korea FTA upgrade talks.

*    Fintech sector will dominate future Unicorns at USD 58 billion: Hurun report.

*    Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, and others.

*    Zepto’s mega fundraise; Oyo funding gets shareholder nod.

*    Vi completes minimum 5G rollout requirements.

*    SoftBank gets promoter tag in Unicommerce’s IPO filing.

*    Get InvITs under the purview of bankruptcy law: SBI MD.

*    Prestige Estates board approves Rs 5,000 crore fundraising plan via QIP or other modes.

*    Former RBI DG Mundra asks regulators to 'introspect' after recent unease and rulings.

*    Unity Small Finance Bank inks pact to acquire office space worth Rs 393 crore.

*    BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters.

*    Armee Infotech files papers to garner Rs 250 crore via IPO.

*    India to hold an auction for spectrum worth ₹96,318 crore on Tuesday.

*    India plans to reduce wheat import duty from July to cool prices.

*    Centre likely to issue green bonds worth over ₹25,000 crore in FY25.

*    India plans a global trade promotion body for MSME exports.

*    Dividend bounty: Finance Minister receives ₹6959.29 crore from SBI for FY24.

*    Hinduja Group begins bond sale to raise ₹7,300 crore for Reliance Capital: Report.

*    Accenture secures GenAI orders worth $2 billion in the first nine months of FY24.

*    Atal Pension Yojana enrolments see a record 12 million additions in FY24.

*    FSSAI plans 24-hour licence issuance for traders and distributors.

*    The digital camera market is too small for local manufacturing, says Nikon India MD.

*    Zepto's ad revenue and loyalty programme rev up growth as quick commerce booms.

*    SoftBank chief rues selling Nvidia stake and missing out on $150 billion.

*    'Flipkart Minutes' to enter the q-commerce market in July, rivalling Blinkit: Report.

*    InsuranceDekho appoints Avendus to help raise around $150 million.

*    Fulcrum LNG was named to help Guyana develop its natural gas resources.

*    Bharat Biotech moves to add ICMR as co-owner in Covaxin patent filings.

*    Byju's moves Karnataka HC against NCLT order barring second rights issue.

*    Tata Steel hopes to agree with the Dutch government this fiscal.

*    Export projection for FY25 underway, working on ease of doing biz: DGFT.

*    India's FMCG sector continues to be strong, says HUL's Nitin Paranjpe.

*    May oil imports: Russia at record high, Saudi lowest in 10 months.

*    Retail inflations for agricultural, and rural workers remain almost flat in May.

*    Centre to announce results of maiden critical minerals blocks on Monday.

*    Forex reserves dropped $2.92 billion to $652.89 billion for the week ended June 14.

*    China asks Visa, and Mastercard to reduce bank card transaction fees: Report.

*    Akme Fintrade IPO gets nearly 54 times the subscription on the last day of bidding.

*    Market regulator Sebi's price discovery framework puts shade on holds.

*    Rice exporter GRM Overseas to raise Rs 136.5 crore via issue of share warrants.