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STOCK MARKET UPDATES 16/08/2024



 

*    India Inc earnings slow down in Q1FY25 despite operating margin gains.

*    Swan Energy will likely sell an FSRU stake to Turkey's Botas for $400 million.

*    According to government data, Telecom players' Arpu growth falls to 7.5% in FY24. 

*    E-commerce logistics firm Ecom Express files for Rs 2,600 crore worth IPO.

*    Global crypto exchange Binance set start ops in India after 6 months.

*    Manappuram Finance expects non-performing assets to fall this FY.

*    Large deals power paradigm shift in India's venture capital terrain.

*    SBI raises MCLR by 10 basis points for all tenors; 3rd hike in 3 months.

*    Tata Steel's Aashiyana expects to cross Rs 3,500 crore GMV in FY25.

*    M&M launches Thar Roxx, targets to rule above Rs 12.5 lakh category.

*    Electric mobility is the right step in the right direction for the country: M&M CEO.

*    L&T Realty, Valor in pact Rs 8,500-crore joint development in Mumbai’s Bandra West.

*    Edible oil imports dip 1.6% in the first 9 months of the marketing year ending October: SEA.

*    Draw norms to assess the background of Mudra loan applicants: Niti Aayog.

*    SBI-led banks key of IBC case against Jaiprakash Associates.

*    India's medicine and antibiotics exports gaining share in US and Italian markets: Government data.

*    Chinese e-commerce giant JD beats estimates for quarterly profit.

*    SBI and PNB are in talks with the Karnataka government for an 'amicable resolution' of the ban issue.

*    Textiles and apparel export rose to 4.73% in July on improved demand: CITI.

*    The UK economy grows 0.6 percent between April and June as it recovers from recession.

*    Stringent safety norms for the construction of electric vehicles from October 1.

*    Vacheron Constantin celebrates record sales, and eye growth in the Indian luxury watch market.

*    Indi Grid ties up with three investors to develop transmission projects.

*    Ola will roll out portable dark stores for quick commerce.

*    Hindustan Zinc to pay special dividend of ₹8,000 crore to shareholders: Report.

*    Walmart surges 8% to hit record high on robust Q2 show, revenue guidance boost.

*    CEO Aggarwal announces Ola's first AI chip for India, set for 2026 launch.

*    Coal India to be fined if e-auction supplies are not met.

*    Adani Power will sell Bangladesh-bound power in India after the Centre eases norms.

*    Ola Electric Roadster Series e-bikes launched in India, starting at ₹74,999.

*    Cognizant offers annual salary hikes as low as 1% for employees: Report.

*    Former CEO Schmidt blames remote working for Google's lagging AI performance.

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