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STOCK MARKET UPDATES 08/07/2024



 

*     Union Budget 2024: FM Nirmala Sitharaman set to present Budget on July 23.

*     FY24 defence production grows 17% to record high of Rs 1.27 trillion.

*     LIC pares stake in top conglomerates in FY24; value up to Rs 4.39 trillion.

*     India plans geological mapping and mineral exploration in Zambia.

*     HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report.

*     Indian pharma firms seek government tax reliefs, incentives to spur innovation.

*     Top line can grow to Rs 2.5 trillion in 5-10 years if executed well: Zepto CEO.

*     Coforge buys 17% stake in Cigniti Technologies for Rs 645 crore via block deal.

*     FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings.

*     Drone deliveries to revolutionise quick commerce in urban areas by 2027.

*     Time needed to achieve 2% inflation target: NY Fed's John Williams.

*     Foxconn Q2 revenue beats market forecast on high AI server demand.

*     Sebi issues guidelines to streamline operations of credit rating agencies.

*     Signature Global reports Rs 3,120 crore pre sales in Q1 FY25 with 255% YoY growth.

*     India, UK to hold next round of talks on proposed trade agreement this month.

*     Truck aggregator BlackBuck files for IPO, to raise Rs 550 crore.

*     BoB loan book grows 8% in Q1; IndusInd's net advances up 16%.

*     TRAI may offer some leeway on service quality rules to telcos.

*     ONGC Videsh to raise USD 800 million from 3 banks.

*     Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns.

*     Torrent Power seeks shareholders nod to raise up to Rs 5,000 crore via equity shares. 

*     UPI usage surges in India on the back of small businesses.

*     India will fail to plug jobs gap even with 7% growth, says Citi.

*     Zepto is hyperlocal Walmart of India, will focus on top 40 cities: CEO Aadit Palicha.

*     At $4.2 billion, Q2 2024 IPO size records its highest growth in 2 years.

*     FPIs start July as net buyers of Indian equities, invest Rs 7,962 crore in opening week.

*     Nykaa Q1 update: Revenue growth likely at 22-23% YoY, GVM growth to be lower.

*     NLC India emerges as successful bidder for Machhakata Coal Mine in Odisha.

*     LIC-owned Integra Essentia approves amalgamation of GG Engineering.

*     Big banks are taking hits from commercial real estate.

*     Sovereign funds flock to India with mega moneybags even as FIIs, PEs remain wary.

*     Bhavish Aggarwal launches Ola Maps as alternative to Google Maps.

*     RBI imposes penalty on 5 banks for regulatory non-compliance: Report.

*     Dabur sees improvement in demand, rural growth in Q1FY25.

*     European academy aims to ramp up pilot training in India.

*     Cigniti Technologies appoints Pankaj Khanna as an executive director for 2 years.

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