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STOCK MARKET UPDATES 29/07/2024



 

*    India will get 12 new industrial cities; DPIIT will approach the Union Cabinet.

*    PSU banks may get another 2-year extension to comply with Sebi's MPS norms.

*    Shriram Group gets RBI nod to venture into asset reconstruction biz.

*    Spandana Sphoorty Financial halts new-to-credit customer acquisition.

*    FY25 Budget confirms government's commitment to reduce fiscal deficit: Fitch.

*    Tata Power Solar Systems partners with BoI to finance EV charging stations.

*    Vedanta's Agarwal urges the government to privatize gold mining to boost production.

*    India has highest trade deficit with China, gap narrowing: Piyush Goyal.

*    Apollo Funds to buy IGT's gaming, and digital business, Everi in a $6.3 billion deal.

*    RBI issues prompt corrective action framework for urban cooperative banks.

*    Paytm's offer to invest in payments arm under government consideration: DFS Secretary.

*    DLF plans to launch Rs 1.04 trillion of real estate projects in the medium term.

*    Godrej Properties raises Rs 1,275 crore via non-convertible debentures.

*    DLF-GIC JV firm DCCDL's office rental income rises 11% to Rs 942 crore in April-June.

*    REC Limited looking at financing overseas projects, submitted an application for a subsidiary at GIFT City.

*    India needs to strive to be a $30 trillion economy with a per capita income of $18,000: NITI document.

*    Magicpin is ready to invest Rs 100 crore onboard 1 lakh new restaurants and cloud kitchens on ONDC.

*    Digital payments rise 12.6% at March-end 2024: RBI data.

*    India's forex reserves jump to a new record high of $670.86 billion as on July 19.

*    Ports ministry receives 29 proposals worth Rs 3,300 crore from Andhra Pradesh.

*    Piramal Pharma Q1 Results: Net loss narrows to Rs 89 crore.

*    Petroleum product pipeline tariff rose 17% after PNGRB issued new regulation.

*    M3M India appoints Stuart McConnachie as Chief Construction Controller.

*    Farmers paid the premium of Rs 32,440 crore under PMFBY; over Rs 1.63 lakh crore worth of claims cleared.

*    JSW Steel chairman reiterates growth plan while flagging import concerns.

*    ICICI Bank expects its LCR to fall by 10-14 percentage points due to new norms.

*    UltraTech Cement board approves 32.72% acquisition of India Cements.

*    Aditya Birla Group targets $25 billion in revenue from consumer business in 5 years.

*    NTPC Q1 profit grows 12% to over ₹5,500 crore.

*    SC rejects Maran's plea and upholds division bench ruling favoring  SpiceJet.

*    United Spirits says the reports of  the CEO being summoned by Delhi police are misleading.

*    Microlender Aye Finance preps for IPO, to file draft papers by the end of October.

*    Cipla Q1 net profit beats estimate, rises 17%.

*    ITC to invest ₹20,000 crore over the medium term, says CMD Sanjiv Puri.

*    Mercedes-Benz lowers the margin goal for the cars division after earnings drop.

*    Japan's SBI Holdings and Franklin Templeton are ready to set up an asset management venture.

*    USAID, Takeda Biopharma launched a dengue prevention program across India.

*    Post global outage, CrowdStrike's $10 Uber Eats vouchers draw criticism.

*    MediaTek aims for the Indian automotive market, to replicate smartphone success.

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