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STOCK MARKET UPDATES 22/07/2024




 

*    Rural demand for two-wheelers reviving in the first half of 2024: FADA.

*    Vedanta Ltd acquires two critical mineral blocks in Karnataka, Bihar.

*    India's per-capita income is to surge by 5.4% annually, according to the report.

*    ONGC acquires Equior stake in Azerbaijan oilfields for $60 million.

*    Global electricity demand forecast to grow by around 4% in 2024: IEA report.

*    HDFC Bank Q1 result Net profit up 35% at Rs 16,175 crore, NII at Rs 29,837 crore.

*    PSU refiner BPCL expects further cuts in oil OSPs as fuel margins drop.

*    The tea industry seeks higher RoDTEP rates to make exports competitive overseas.

*    Goyal cites ease of doing, other steps to attract US investors to India.

*    Boeing sees 20-year jetliner market doubling as the industry fights disruptions.

*    Nigeria slaps a $220 million fine on Meta over violating data protection laws.

*    India's agriculture exports dropped by 3% to $5.88 billion in Q1 on the Red Sea crisis.

*    Government sets up a 22-member panel for base year revision of price indices.

*    Coal India ventures into non-coal mineral mining with graphite project.

*    FPIs net buyers of Indian equities at Rs 30,772 crore in July so far.

*    The SpiceJet board is to consider fundraising via QIP on July 23.

*    India agrees to positively consider providing Rs 1,500 crore economic stimulus to Bhutan.

*    Mutual funds had minimal impact from global Microsoft systems outage: AMFI.

*    Pearl Global Industries raises Rs 149.5 crore through the QIP issue.

*    Kotak Mahindra Bank increases customer base, and customer assets by 20% YoY.

*    Citigroup sees India luring $100 billion in foreign investment.

*    SaaS startup AiDash unveils a new AI center of excellence in Bengaluru.

*    Tata Play FY24 results: Net loss widens to Rs 353.9 crore, revenue dips 4.3%.

*    Kharif crop sown area soars to over 704 lakh hectares, pulses area increases, cotton declines.

*    Microsoft systems global outage: 5 Indian AMCs report disruptions in functioning.

*    Boeing sees significant improvement in 737 MAX factory production.

*    RBI sells $406 million in Indian Bonds as Index Inclusion boosts inflows: Report.

*    Cosmetics, Ayurveda products, and lifesaving medicines fail drug regulator tests.

*    Airbus eyes eight locations for its H125 helicopter assembly line in India.

*    India must curb steel dumping and revisit the Asean FTA, says JSW Steel's Acharya.

*    Bharti Airtel was awarded a network project by CBDT.

*    Union Bank Q1 results: Net profit rises 13.66% to ₹3,678.85 crore in Q1FY2025.

*    Microsoft outage: IndiGo is ready to process a refund to the affected flyers.

*    Occidental Planning is ready to Sell Bonds in Up to Five Parts.

*    SBI can restrict offerings to only SBI MF schemes: Sebi chairperson Buch.

*    Global tech outage: CrowdStrike may see fallout as customers rethink dependence.

*    Unclaimed deposits and dividends: Government revamps corporate disclosure regime.

*    Ed-tech giant Byju's faces a total shutdown if insolvency proceeds, says CEO.

*    HCL Tech is ready to link leave policy with employees' office attendance: Report.

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