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STOCK MARKET UPDATES 24/07/2024



 

*    Tata Advanced Systems Ltd, Airbus seal contract to establish H125 helicopter assembly unit in India.

*    Customs duty exemption on lithium and cobalt to aid growth of EV sector: Auto Inc.

*    RBI bounty is used to manage fiscal deficit and funding growth.

*    Government retains a 14 percent rise in capital investment of Rs 67,000 crore by 8 power PSUs in FY25.

*    Coca-Cola raises annual sales and profit forecasts on steady demand.

*    Budget earmarks Rs 1.28 lakh crore for telecom min; BSNL gets lion's share of Rs 82,916 crore.

*    Centre brings three schemes via EPFO, to boost fresh employment.

*    Centre drops plan to infuse Rs 15,000-crore equity in OMCs.

*    Sushant Sreeram quits Prime Video and is set to join JioCinema.

*    Union health ministry allocated Rs 90,958.63 crore in the 2024-25 budget.

*    Paytm partners with Axis Bank to provide payment solutions for merchants.

*    Gland Pharma and Zydus Lifesciences secure USFDA approvals for key medications.

*    Civil aviation ministry gets Rs 2,357 crore budgetary allocation for 2024-25.

*    Governmentt scraps import taxes on critical minerals to aid RE sector.

*    Cut in gold import duty will curb the smuggling and boost jewelry exports: Goyal.

*    SRF Q1FY25 results: Net profit down 30% to Rs 252 crore on weak global demand.

*    The government proposes to set up e-commerce hubs to promote exports in PPP mode.

*    Kajaria Ceramics Q1 results: PAT falls to Rs 89.82 crore, misses estimates.

*    India's decision to cut import duty on mobiles is a key part of the benefit to Apple.

*    Space economy receives Rs 1,000 crore venture capital in Union Budget 2024.

*    Government gives some relief to boost MRO services in India.

*    Budget 2024 retains Rs 1.2 trillion telecom revenue goal for FY25.

*    Disinvestment and asset monetization receipts are unchanged for FY25.

*    Mutual Funds: Annual net SIP flows surge to ₹2 lakh crore by FY24.

*    Duty changes in telecom to push make in India for the world.

*    SpiceJet to raise up to ₹3,000 crore via QIP.

*    Bharat Forge's Kalyanis may enter truce talks with Hiremaths over biz assets.

*    Budget 2024: Govt hikes monetary limits for filing tax appeals.

*    No indexation benefit for property sales; new LTCG rate fixed at 12.5%.

*    The Government announces a mission to boost the production of critical minerals.

*    Centre to digitize land records and maps to promote credit flow to farmers.

*    Allocations for interest-free loans to states hiked to ₹1.5 trillion.

*    Toyota to buy back shares worth more than $5 billion from Japanese banks and insurers.

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