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STOCK MARKET UPDATES 03/07/2024



*     Adi-Nadir Godrej family to buy 12.65% stake in Godrej Ind from RKN Ent.
*     Allcargo Gati raises Rs 169.28 crore by issuing equity shares via QIP.

*     NLC India records 22% growth in Lignite production in Q1 FY25.

*     Insurance firms eye tax reliefs in upcoming Budget to boost penetration.

*     Sebi mandates email as default mode for dispatching CAS by depositories.

*     Indian fast fashion industry poised to reach over $50 bilion by FY31: Redseer.

*     JD.com among possible bidders for British parcel company Evri: Report.

*     Hexaware Technologies to hire 8,000 employees across job roles this year.

*     ArcelorMittal decides against shutting its South African steel plant.

*     ICICI Bank launches pre-paid Sapphiro Forex Card for international students.

*     Pfizer, Moderna Covid vaccine patents battle to continue after UK ruling.

*    Commerce ministry developing platform for registration, resolution of NTB's.

*     To boost electronics production, ICEA demands lower input tariffs in Budget.

*     Tata Hitachi to invest Rs 200crorr in FY'25, localisation remains top priority.

*     India's June palm oil imports rise to 6-month high on lower prices.

*     India’s trade dependence on China, EU rose in Q1 of 2024, says UNCTAD.

*     India's high input tariffs stifle smartphone export growth, industry calls for reductions & policy changes.

*     TCS signs five-year partnership with Sydney Marathon.

*     Monsoon covers entire India six days ahead of schedule: IMD.

*     RBI proposes rationalising regulations on export, import transactions.

*     Renault's EV unit Ampere teams up with LGES, CATL on battery technology.

*     India's peak power demand may cross 400 GW mark by 2031-32, says Power Secretary.

*     Want continuity of policy supporting EVs for next 8-10 yrs: Mercedes-Benz India MD & CEO.

*     Small REITs to broaden investor base with strong regulatory oversight.

*     M3M leases 220,000 sq ft to flexible workspace provider Incuspaze in Gurugram.

*     GroupM appoints Ashwin Padmanabhan as Chief Operating Officer, South Asia.

*     Don't intend to liquidate RCap but want fair compensation, lenders say.

*     HC issues contempt notice to Spicejet for non-return of assets to TWC Aviation.

*     Boeing calls time on the Great American Outsourcing.

*     ICICI Bank and Axis Bank revise their fixed deposit interest rates.

*     Kotak Group Fund says unaware that Hindenburg was partner of its investors.

*     HSBC to freeze hiring, limits bankers' travel in cost-cutting drive: Report.

*     GST collections hit an all-time high of 20.2 trillion rupees in FY24.

*     Streaming platforms tighten their belts, adopt hybrid model to acquire movies.

*     Windfall tax on domestically produced crude oil hiked to ₹6,000/tonne.

*     Lal Sweets looks to raise $40 million from PE investors at $175 million valuation.

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