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STOCK MARKET UPDATES 05/08/2024



 

*    Bharat Coking Coal pays the first-ever Rs 44 crore dividend to Coal India.

*    Omkara ARC emerges as winning bidder for SASF's Rs 6,151 crore NPA portfolio.

*    Hinduja group did not deposit funds for RCap acquisition: Administrator.

*    Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore.

*    SBI Q1 net profit rises 0.9% to Rs 17,035 crore, NII up 5.7% at Rs 41,125.5 crore.

*    Junk papers share the total bond value at a 20-month high in July.

*    Ford may re-enter India after 2021 exit as Western markets face speed bumps.

*    Sovereign gold bond redemption value falls over 4% on Budget duty cut.

*    RBI intervenes as the rupee falls to a new low; hitting 83.76 against the US dollar.

*    Oil prices settle at 8-month low after disappointing US job numbers.

*    RBI data shows that Forex reserves declined by 3.47 $ billion to $667.386 billion.

*    JPMorgan will closely monitor Indian bond liquidity after investor curbs.

*    Sebi looks to boost capital raising and plans to streamline IPO filing.

*    Resolutions under Insolvency and Bankruptcy Code highest in FY24: Crisil.

*    Record 72.8 million ITRs filed till Jul 31 deadline, says I-T department.

*    FPIs begin in August as net sellers offloading Indian equities worth Rs 1,027 crore in two sessions.

*    BSNL subscribers on the rise, homegrown 4G network ready says Jyotiraditya Scindia.

*    Finmin asks state-owned general insurance companies to focus on profitable businesses.

*    Numaligarh Refinery's expansion will augment crude refining capacity: Hardeep Puri.

*    Innovation to propel Assam into global electronics supply chain: Tata Sons chairman N Chandrasekaran.

*    RBI has agreed to Tata Sons' restructuring plan, which exempts the holding company from mandatory stock exchange listing.

*    Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm.

*    Aurm set up safe deposit facilities with 5000 lockers in FY24.

*    India ranks 5th in Asia-Pacific cross-border realty investments, drawing $3 billion in H1.

*    PHDCCI names Ranjeet Mehta as CEO and secretary general.

*    OPEC+ sticks to the policy of unwinding output cuts and plans to reduce cuts in October.

*    India's dairy sector is expected to clock 13-14% revenue growth this year on strong demand.

*    Nvidia’s new AI chip delayed due to design flaws says report.

*    Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18.

*    Fratelli Vineyards to debut on exchanges, aims to become ₹650-crore biz by 2028.

*    SBI needs to maintain a minimum 3.2-3.4%  net interest margin and focus on deposit costs.

*    SBI Q1: Board approves fundraising of up to ₹25,000 crore via bonds in FY25.

*    NTPC, Nuclear Power Corporation to start project by March, spending ₹50,000 crore.

*    Goa, India's hottest beach destination, emerges as a luxury real estate hotspot.

*    Maruti Suzuki will continue efforts in the low-cost car segment for budget buyers.

*    Intel records $1.6 billion Q2 net loss; shares plunge 26% over growth forecasts.

*    Myntra’s Nandita Sinha gets more accountability to lead Flipkart Fashion.

*    HZL seeks an Indian partner to set up a manufacturing plant for zinc-based batteries.

*    Reliance Capital lenders accuse IIHL of non-compliance, the company denies claims.

*    Brazil Central Bank Tightens Rules for Meetings With Outside Institutions.

*    Delhivery launched a dark store network for rapid e-commerce deliveries.

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