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STOCK MARKET UPDATES 08/08/2024



 

*    TVS SCS won a 3-year contract from manufacturing firm JCB for the Vadodara unit.

*    Coromandel International board appoints Sankara Subramaniam as new MD & CEO.

*    Piyush Goyal suggests that Bimstec group members relook proposed FTA.

*    Reliance Jio's subscriber base jumps to 481 million, 108 million using 5G.

*    Government allows 35% bio-bitumen mixing, saving Rs 10,000 crore in forex outflows.

*    NLC India Ltd Q1FY25 results: Net profit rises 37% to Rs 566.69 crore.

*    Maersk expects container demand growth to slow, raising investment chances.

*    Honda posts a 23% Q1 profit jump, aided by sales of hybrid vehicles.

*    Residential sales in top cities are expected to witness double-digit growth.

*    Ahmedabad city continues for most affordable housing in India said Report.

*    Tech investor SoftBank buys back $3.4 billion shares to bolster stock price.

*    Sony posted a 10% profit rise on an image sensor boost in the April-June quarter.

*    DBS Bank CEO Piyush Gupta will step down in Mar 2025; Tan Su Shan will take over.

*    Consultation paper on spectrum allocation for Satcom soon: TRAI Chief.

*    Marico's majority of retail distributors resume operations in violence-hit Bangladesh.

*    Mexican fintech Story to broaden offerings with fresh $212 million funding.

*    Roche considering divesting $1.9 billion cancer data startup: report.

*    Godavari Power announces 1:5 stock split, special dividend along with Q1 results.

*    CCI seeks Apple's reply on the investigation report suggesting a rule breach.

*    Tata Motors says Curvv. ev is bringing price parity between EV and comparable ICE models.

*    Tata Power, DGPC partner to set up 600 MW hydro project in Bhutan.

*    India has started a special online portal to fast-track PLI visas, mostly for Chinese technicians.

*    Tenders for enhancing grain storage capacity awarded with transparent and online processes: Government.

*    Pine Labs-owned Setup partners with Axis Bank for a UPI-focused payments platform.

*    BT will expand the India hub and develop premium 5G use cases: CDIO Harmeen Mehta.

*    Disney posts first-ever streaming profit and warns of pressure on theme-parks units.

*    China restricts fentanyl chemicals after years of US pressure.

*     Godrej Consumer Products will enter the pet care business in FY26.

*    The Government considered shedding up to a 5 percent stake in LIC in this fiscal year: Report.

*    Zomato's Deepinder Goyal announces the launch of a new feature for COD orders.

*    ONGC investors need a faster production ramp-up from the KG basin.

*    Myntra and Zara ride the Gen Z wave as India's lifestyle market heads to $210 billion.

*    FPIs infuse over ₹11,700 crore into the IT sector in July and Banks face heavy outflows.

*    India's renewable energy space received ₹7 trillion in 10 years: Pralhad Joshi.

*    NPCI sets standard reward rates for RuPay credit cards on UPI transactions.

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