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STOCK MARKET UPDATES 25/06/2024

 




*    India's CAD reduces to 0.7% of GDP, records a surplus of 0.6% in Q4: RBI.

*    Bharti Airtel in talks with Vodafone for a majority stake in Indus Towers: Report.

*    Govt’s generic pharmacy stores to stock top 200 medicines round the clock.

*    Masdar, AIIB, Sojitz, Mitsubishi, Gentari, and IFC eye Hygenco stake in a $400 million deal.

*    Apple charged with breaching EU tech rules, faces another probe.

*    Ujjivan SFB’s investors appear focused on short-term challenges.

*    Paytm joins hands with Skyscanner, Wego, Google, and Flights as it eyes expansion.

*    Prosus gives up on Byju’s and writes off its entire investment in the online tutor.

*    Sony Pictures Networks India appoints Disney Star’s Gaurav Banerjee as MD and CEO.

*    JSW Energy subsidiary wins wind-solar hybrid project.

*    Indian steel exports struggle against China's ultra-cheap shipments.

*    S&P Global Ratings retains India's growth forecast for FY25 at 6.8%.

*    From 1% deficit in Dec, current account 0.6% in surplus in Q4: RBI.

*    Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media.

*    Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L.

*    WeWork's exit from India unit unlikely to impact the domestic co-working market.

*    Centre imposes stock holding limit on wheat; says no shortage anywhere.

*    Fast fashion retailer Shein filed for London listing in early June: Report.

*    Sun Pharma completes the Taro merger and acquires all outstanding shares.

*    Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram.

*    Oyo opens first luxury hotel in Dubai, eyes boosting premium properties.

*    Government cancels 14 critical mineral block auctions launched in the second tranche.

*    Trade bodies ask the Rajasthan government to focus on ease of doing business.

*    SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday.

*    Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with an FPO of 76.05%.

*    Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 crore in 2024-25.

*    Scepticism drives EVs to a disadvantage over ICEs regarding financing.

*    IBJA appoints Aksha Mohit Kamboj as Vice President.

*    Adani group firm Ambuja Cement bags 24 limestone mines in FY24.

*    India buys record amount of sunflower oil as Ukraine-Russia fight for market share cuts price.

*    Route Mobile enables WhatsApp ticketing for Nagpur, Hyderabad, and Pune metro services.

*    DGTR for the continuation of anti-subsidy duty on certain types of steel pipes, and tubes from China, and Vietnam.

*    RBI urges banks to address credit gaps for underserved sectors.

*    Shoppers Stop aims to open 60 new INTUNE stores in FY25.

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