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STOCK MARKET UPDATES 12/08/2024




 *    Apparel retail firm Trent's expansion seamlessly tailors its growth success.

*    LIC will invest around Rs 1.30 trillion in the stock market in FY25: MD & CEO.

*    Consumers could become discouraged unless rates drop: Bank of America CEO.

*    20 million new rural homes to be built at existing unit assistance rates.

*    Godrej Properties will launch Rs 21,000 crore worth of housing projects by March.

*    Registration tax waiver on hybrid cars to remain: UP government to auto companies.

*    Hero Electric resumes production and seeks up to Rs 200 crore to rev up output.

*    RBI mops up Rs 11.6K crore via OMOs in July amid liquidity surplus.

*    Passenger vehicle sales will likely be flat in FY25 over 4.2 million units last year.

*    MapmyIndia CEO calls Ola Maps a gimmick and warns people to be cautious.

*    IIFL Finance off-loads stressed commercial realty loans to ARC in Q1FY25.

*    China's central bank will extend the low-carbon lending tool to the end of 2027.

*    Hindenburg attacking Sebi's credibility said Madhabi and Dhaval Buch.

*    Steel price is trading at a 3-year low on increased supplies said the report.

*    NCLT approves Oberoi Realty arm’s acquisition of Nirmal Lifestyle Realty.

*    Cabinet approves Rs 1,766-crore Clean Plant Programme to boost horticulture exports.

*    Falling prices, low consumer trust, import issues for lab-grown diamonds: GTRI.

*    Major cement companies report volume growth in the June quarter, revenue remains muted due to lower prices.

*    Fiscal prudence back but deficiency noted in off-budget disclosure: CAG.

*    Oyo parent raises Rs 1,457 crore in the latest funding round.

*    GAIL chairman Sandeep Gupta wildcard for Indian Oil Corporation.

*    Technology and artificial Intelligence reshape capital allocation in Indian real estate.

*    Declining bank deposits raise concerns about NBFC's fundraising capacity: Report.

*    Global demand muted; gradual improvement expected in the domestic market: Tata Motors.

*    Godrej Agrovet will set up an oil palm processing mill in Tripura.

*    India outpaces major economies in the growth of intangible investments.

*    BSNL will launch universal 4G and 5G SIM without geographical restriction.  

*    India-Brazil Joint Commission meets this month to discuss agri, energy, and defense.

*    India’s apex drug regulator frames guidelines to ensure product traceability.

*    Amazon Web Services plans data center expansion in Hyderabad, eyes investment.

*    Aurobindo Pharma Q1 Result: Net profit rises 61% to ₹918 crore, revenue up 10%.

*    PMSY scheme: Districts set to compete for model solar village funds.

*    Buyout to trigger an open offer, CVC aims for a 52.47% stake in Aavas Financiers.

*    Q1 results so far Total revenue up 9%, bottom-line surge 5%.

*    Canara Bank, Bank of Baroda, and UCO Bank hike key lending rates across tenures.

*    The five state banks that won a 2-year extension from Sebi might need more time.

*    Cisco will lay off thousands more in second job cut this year: Report.

*    Festive hiring boom: E-commerce and quick commerce set to lead the way.

*    FM urges banks to boost deposits as lending surges and warns of liquidity risks.

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