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STOCK MARKET UPDATES 02/08/2024



 

*    RBI's tighter liquidity norms credit positive for banks, says Moody's.

*    MTNL seeks Rs 1,151.65 crore for sovereign guarantee bonds interest in FY25.

*    UPI transactions topped Rs 20 trillion for the third straight month in July.

*    India will likely receive abnormal rainfall in the second half of 2024: IMD.

*    Thermax Q1 results: Net profit jumps 82% to Rs 109 crore, revenue up 13%.

*    Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL.

*    RBL Bank launches RuPay credit cards with UPI and NCMC functionalities.

*    Thomson Reuters reports a 6% rise in revenue and plans to deploy AI aggressively.

*    Ather Energy partners with Amara Raja for homegrown e-scooter batteries.

*    Factories across Europe, and Asia struggled in July as demand waned, shows PMIs.

*    India's hospitality sector will see strong tailwinds, says Thomas Cook MD.

*    Oil prices rise during trade at the risk of broadening Middle East conflict.

*    Bank of England cuts rates from 16-year high by a quarter point to 5%.

*    Nasscom backs Infosys; says Rs 32,000-crore GST notice shows lack of understanding of industry model.

*    India's power consumption rises 3.5 percent to 145.40 billion units in July.

*    Government to monitor prices of 16 more commodities; including besan, ghee, and butter egg under price monitoring.

*    JSW MG Motor names 1st electric CUV as MG Windsor.

*    TVS Motor Co sales were up 9% at 3,54,140 units in July.

*    Paper, packaging segment affected by cheap Chinese supplies: ITC.

*    UP RERA makes training and certification mandatory for real estate agents.

*    Square Insurance secures $3 million in equity funding.

*    Coal India production rose 6.6 percent in April-July this year.

*    India's private sector banks lead market cap gains on stronger metrics.

*    India's manufacturing growth eases slightly in July.

*    Pharma formulation firm Rubicon Research submits draft papers for ₹1,085 crore IPO.

*    RBI identifies Kotak Bank and 2 others as bidders for IDBI Bank’s majority stake.

*    Zomato Q1 net profit jumps multifold to ₹253 crore as order value soars.

*    Byju clarifies the source of BCCI settlement money to an appeals court.

*    Tata Play starts removing Sony channels from 10 million subscribers' plans.

*    Sun Pharma Q1 Results: Net profit jumps 40% to ₹2,836 crore, revenue up 6% YoY.

*    BMW’s key automotive unit was held back by China's struggles.

*    Warburg Pincus-backed Avanse Financial files fresh DRHP for IPO with SEBI.

*    Cognizant edges past expectations in the June quarter, but the future is imperfect.

*    Toyota's profit rose on the weaker Yen, and high demand for hybrid vehicles in the US.


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