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STOCK MARKET UPDATES 13/08/2024



 

*    India Inc's credit quality and financial profile may improve further: S&P.

*    India's merchandise export growth may slow to 4.2% in Q2: Exim Bank.

*    Wipro expanded its partnership with Google Cloud to adopt AI tech Gemini.

*    Union Bank invites EoIs to sell Rs 2,316 crore NPAs across 45 accounts.

*    Significant milestone, says Sunil Mittal after buying a stake in BT Group.

*    Avaada Group to set up 2 pumped storage power projects worth Rs 14k crore.

*    NCLT urges RBI and DIPP to speed up approvals for the RCap resolution plan.

*    Bhel gets a 1,600 MW thermal power project from Damodar Valley Corporation.

*    Identical Brains Studios plans to go public; aims for Rs 56 crore revenue by FY26.

*    Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital.

*    ISA seeks export tax on low-grade iron ore, pellets to curb local shortages.

*    Housing.com's parent REA India's revenue rises 31% to Rs 563 crore in FY24.

*    ABD is in talks with Russian Standard and ThaiBev for India product distribution.

*    India’s defense exports skyrocket by 78% in Q1 FY 2024-25, setting new benchmarks.

*    Cars24 unveils super app for ancillary services to monetize the user base.

*    Electric Luna maker Kinetic Green raises US$25 million for aggressive growth in its e2W, e3W biz.

*    JSW Steel will acquire 66.67% economic interest in an Australian mining company to expand its global footprint.

*    BIMSTEC can finalize regional FTA in phases to promote investment & jobs.

*    Muthoot Microfin is in talks with European investors to raise $50 million.

*    Berger Paints eyes 5pc value growth in Q2FY25; targets doubling turnover to Rs 20,000 crore by 2029.

*    Centre is likely to withdraw and revise draft Broadcasting Services Bill: sources.

*    Government approves 20 percent premium for gas from new wells for ONGC.

*    US grocery company Hy-Vee leases 54,000 square feet of office space in Bengaluru.

*    Extended reality startup Metadome raises $6.5 million from Siana Capital and others.

*    REITs Association says Hindenburg's claim is baseless and misleading.

*    RBI sets up Dy Guv Patra-chaired expert panel to benchmark India's statistics to global standards.

*    India's Industrial production rises to 5.2% in April to June; up 0.5% Y-o-Y.

*    India's retail inflation eases to 3.54% in July, the lowest in five years.

*    GEAPP plans 2 GWH battery storage capacity in India.

*    Uttar Pradesh will retain tax waiver for hybrids despite opposition from EV makers.

*    Torrent, Glenmark, Mankind, and Lupin are key drivers of pharma market growth.

*    Bangladesh remittances fell; lengthy unrest to hit GDP: Moody's.

*    Indian banks are staring at worrisome savings and investment trends.

*    India's highest FPI comes from the US, Luxembourg, and Canada next: SEBI.

*    Credit access looks to sell off India biz to the new owner with a $2.7 billion valuation.

*    China's bond market rattled as the central bank squared off with bond bulls.

*    India aspires to be a developed nation by 2047 in a sustainable way, unlike OECD, says Shamika Ravi.

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