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STOCK MARKET UPDATES 16/07/2024

 




*    India's trade deficit widens YoY to $20.98 billion in June; exports rise 2.6%, imports up 5%.

*    Lupin divests women's health specialty biz in the US to Evofem Biosciences.

*    Four sedimentary basins likely to hold 22 billion barrels of oil: S&P.

*    Irdai may consider implementing a risk-based supervision model: Keki Mistry.

*    EV ride-hailing service provider BluSmart raises $24 million in funding.

*    Pulses output rises by 35% to 3.25 million tonnes in Uttar Pradesh.

*    Hindustan Zinc contributes Rs 13,195 crore to the exchequer in FY24.

*    China's second-quarter GDP growth falls short of expectations.

*    TCS announces plans to hire 40,000 freshers this year.

*    Varun Beverages to set up production units for PepsiCo in Zimbabwe and Zambia.

*    We will continue to focus on improving the quality of assets and quarterly numbers: Pradip Kumar Das, IREDA.

*    Birla Estates acquires 5-acre land in Gurgaon, targets Rs 1,400 crore revenue.

*    57% of equity mutual funds outperform respective benchmarks in June.

*    The government aims to cover 25 of the kharif paddy area with climate-resilient seeds.

*    Airbus upgrades 20-year demand forecast led by wide-body jets.

*    Automobile retail sales up 9 percent in April-June: FADA.

*    India’s wholesale inflation surges to a 16-month  high of 3.36 per cent in June.

*    French IT firm Atos secures funding of $1.82 billion to restructure its debt.

*    Goldman Sachs posts strong Q2 profits on debt underwriting and fixed-income trading surge.

*    Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO.

*    TSMC second-quarter profit seen jumping 30% on surging AI chip demand.

*    Goldman Sachs lowers China's 2024 growth forecast to 4.9%.

*    L&T eyes $50-60 billion opportunity in Middle East oil-to-chemicals business: Report.

*    India's total exports are projected to grow 5.4 percent in June 2024.

*    Swiggy launches $65 million Esops liquidity program ahead of IPO.

*    Goldman Sachs elevates Ramakrishnan and Nambakam as investment banking co-heads.

*    HDFC AMC Q1 Result: Net profit surges 26% on year to ₹604 crore.

*    Northern Arc Capital gets SEBI's nod to raise funds via IPO.

*    IndiGo working on better-automated responses to complaints and queries.

*    Aluminium companies urge Finmin to revise the duty structure on metal and scrap.

*    Sany India looks to increase exports and double production levels by 2025.

*    Google's Alphabet to make the biggest acquisition yet with $23 billion Wiz deal: Report.

*    Union budget may approve ₹4.5 trillion for rural housing scheme.

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