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STOCK MARKET UPDATES 04/07/2024




*     Government to hike rural housing subsidies to $6.5 billion after poll setback: Report.

*     Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper.

*    LatentView Analytics buys 70% stake in Decision Point for $39.1 milion.

*     Nvidia exe bats for culturally aligned, multimodal AI models for India.

*     Vodafone, Virgin Media to continue network sharing amid competition woes.

*     Family offices rise to 300 since 2018, Tier-II, III cities in demand: PwC.

*     Anand Mahindra asks industry to boost capital investment to 'ride the tide'.

*     Mcap of BSE-listed firms hit record high of Rs 445.43 trilion amid record rally.

*     MP budget FY25 gets 16% hike, boost to women welfare, no new tax.

*     PwC names in-house executive as its new China head amid regulatory scrutiny.

*     US urges India to delay health certificate mandate for food imports by 6 mt.

*     Government directs utilities to procure $33 billion equipment for coal power boost.

*     Star Health aims to double Gross Written Premium to Rs 30,000 crore in 4 years: MD.

*     Tyre makers facing severe crunch in domestic natural rubber availability: ATMA.

*     Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital.

*     Sebi notifies institutional mechanism for brokers to prevent market abuse.

*     SECI plans 500-MW solar thermal capacity tender by FY25-end: CMD.

*     Mitsubishi UFJ's talks for stake in HDFC Bank said to hit snag.

*     India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P.

*     Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC Chief.

*     India-based crypto exchange Coin DCX acquires Dubai's BitOasis.

*     Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO.

*     Indian officials visit Foxconn iPhone plant, question executives about hiring.

*     India office property market surges with record gross leasing in 2024 first half.

*     Revenue of India’s top 18 states likely to grow at 8-10% in FY25: Crisil.

*     India's food services market expected to nearly double to ₹9 trillion by 2030.

*     Emcure Pharma IPO: Issue fully subscribed on day 1; QIB remains unsubscribed.

*     India ranks 16th globally in terms of internet speeds.

*     North-West India likely to receive heavy rains till Sunday: IMD.

*     Unacademy to record best year of growth ignore rumours: CEO after layoffs round.

*     India's services PMI recovers in June on rise in domestic, international orders.

*     RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies).

*     IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO.

*     Lighthouse Funds in early talks to sell stake in footwear maker Aqualite.

*     Apple poised to get OpenAI board observer role as part of AI pact.

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