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STOCK MARKET UPDATES 05/07/2024



 

*     SBI announces 11 new initiatives to mitigate risks in agri loan portfolio.

*     AstraZeneca to invest Rs 250 crore in expanding its GITC in Chennai.

*     Cargo traffic across 12 major Indian ports surges 6.8 % to 69.8 MT in June.

*     Government to use 50% of India AI mission funds for GPU procurement: MeitY.

*     Cement sector sees muted growth of 2-3% in Q1FY25 due to LS polls: ICRA.

*     Zomato shuts down hyperlocal delivery platform 'Xtreme' amid poor demand.

*     Tyger Capital to list by next year, targets Rs 20,000 crore book.

*     NCLT tells Byju's to pay salaries to employees, warns firm of an audit.

*     LNG imports set to slump as monsoon hits power demand: S&P analyst.

*     Uttar Pradesh government plans to set up crop-specific boards to boost exports.

*     6th cyber dialogue: India, UK agree to deepen ties, build robust cyberspace.

*     Bank of Maharashtra, Uco report low deposit growth, while advances rose much faster.

*     Raymond board approves demerger of realty biz to unlock growth potential.

*     Malabar Gold & Diamonds strengthens its presence in the UK.

*     Former SAIL CMD Chandra Shekhar Verma joins Shyam Metalics as independent director.

*     BCD Group bags 1.5 million sft of residential development in Bengaluru.

*     Bengaluru airport tops in perishable exports from India for fourth year.

*     Reliance Industries starts testing country's first smart television operating system.

*     Goverment starts process of acquiring land worth over Rs 4,000 crore for second phase of Noida International Airport.

*     Optiemus Infracom plans to invest Rs 140 crore in drone-as-a-service model.

*     Hapag-Lloyd CEO sees solid shipping demand driving up freight rates.

*     Del Monte Foods announces Abhinav Kapoor as new CEO.

*     Gokaldas Exports MD on PLI scheme, export growth and organic growth expected in ‘24.

*     Housing sales in 8 Indian cities reach 10-year high, rising 11%: Knight Frank.

*     LIC raises stake in IDFC First Bank to 2.68% at ₹80.63/share via PPO.

*     Centre plans campaigns to spread awareness on direct-selling malpractices.

*     Government in talks with stakeholders to ease air cargo processes, boost volumes.

*     Delhi High Court sends Tesla vs. Tesla Power case to mediation.

*     NSE imposes 90% price control cap on opening price of SME IPOs.

*     Amazon to build $1.3 billion top-secret cloud for Australia’s government.

*     Citi’s India retail users in for a refresh as Axis integration nears completion.

*     Agritech firms turn to private labels to improve revenue, margins.

*     Mukesh Ambani's Reliance to launch IPO-bound Shein in India: Report.

*     Goverment decides ‘not to intervene’ in Airtel, Reliance Jio tariff hike.

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