STOCK MARKET UPDATES 31/07/2024

 

*    Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report.

*    Legal tech company DecoverAI raises $2 million in a funding round led by Leo Capital.

*    Standard Chartered's India profit is steady at $204 million amid rising income.

*    FTA review talks with Japan, Korea, and ASEAN are moving slowly, but India pursuing: Piyush Goyal.

*    Nexus Select Trust said 5 assets are under acquisition, and discussions are ongoing for 5 and more.

*    Torrent Power Q1 Results: Profit jumps 87% YoY to Rs 996 crore.

*    Office space leasing is expected to cross 60 million sq ft in 2024.

*    EaseMyTrip is ready to hire 500 interns in the next 3-6 months: CEO Nishant Pitti.

*    GST worries for Rapido; Byju’s-BCCI spat nearing settlement.

*    Vivo works with over 30 local component suppliers for its smartphones.

*    Amazon is responsible for the hazardous products sold by third-party sellers on the platform: the CPSC says.

*    US specialty chemicals maker Lubrizol invests $200 million in new India plant.

*    ONGC Videsh seeks US exemption for its oil-for-dividends Venezuela plan.

*    Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032.

*    Bankruptcy court orders liquidation of Future Retail as resolution eludes.

*    Fortum sells majority stakes in renewable, EV charging businesses in India.

*    Dixon Tech Q1 results: Net profit rises 94.2% to ₹133.68 crore, revenue rises.

*    Colgate’s valuations get richer after the top-class performance in Q1.

*    Bankruptcy rescues keep up a faster pace in the June quarter.

*    Qualcomm's new chip to push 5G phone prices to below ₹8,000: India president.

*    New India Assurance raises health insurance prices by up to 10%: Report.

*    Blackstone moved into the Indian snacks market with a 51% stake in Haldiram’s.

*    India's gold demand dropped 5% in the June quarter; up 14% in value term: Report.

*    Pfizer raised annual profit forecast on strong sales of cancer and heart drugs.

*    Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 crore on low margins.

*    India is one of the fastest growing markets globally: Samsung CEO Han.

*    Flipkart Pay merges all payments, and fintech offerings into a unified interface.

*    SBI raises 750$ million via offshore term loan facility for the deploying funds. 

*    Since Japan's launch, Honda Elevate exports doubled in India sales.

*    ADB gave a 200$ million loan to India for solid waste management in 100 cities.

*    Dunzo co-founder Mukund Jha is in talks to raise Rs 50-80 crore for a new startup.

*    Daimler India offers vehicle financing solutions with Bajaj Finance.

*    Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition.

*    Navi Finserv closes a $38 million personal loan securitization deal with JP Morgan.