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STOCK MARKET UPDATES 20/08/2024



 

*    RBI Deputy Governor Rao moots periodic revision of deposit insurance.

*    Sebi categorizes dues worth Rs 76,293 crore as 'difficult to recover'.

*    Ola Electric's e-motorbike pricing sparks debate across the EV industry.

*    Keystone Realtors eyes 32% growth in housing sales this year: CMD.

*    RIL eyes JioCinema as the sole OTT platform post Star-Viacom18 merger deal.

*    China and Vietnam signed 14 deals from rail to crocodiles after the leaders met.

*    July Aviation Data: IndiGo sees market share increase, at 62% MoM from 60.8%.

*    Expect strong demand, occupancy in Q3, Q4 after subdued 1st quarter: EIH Ltd.

*    Yen carry trade: India sees redemptions worth 66 $ million, mostly from midcaps.

*    As EU tariffs bite, China's biodiesel producers seek new outlets for export purposes. 

*    CWC charting the new course with its Vision 2047, says Chairperson Kushvinder.

*    ONGC Videsh secures contract extension for Vietnam oil blocks.

*    India aims to expand the scope of ESG debt as the nation notches record.

*    Equity mutual fund folio additions hit a record 5.4 million in July.

*    Domestic air traffic rises 7.3% to 1.29 crore annually in July.

*    Aurobindo Pharma will commercialize the China plant in the third quarter of FY25: CFO.

*    The Finance Ministry should identify high-risk taxpayers in the GST composition scheme: CAG.

*    Government sets sights on 100% FDI in insurance and weighs options to secure political clearance.

*    Indian real estate booms with rising NRI interest amid Budget reforms & infrastructure growth.

*    The Central Bank of India is nearing a deal for FEL's insurance stakes.

*    Paytm could achieve profitability by 2027, upside lies in getting acquired by a bank or a corporate house: Bernstein.

*    Realty developer Emperium targets Rs 700 crore from two residential projects.

*    NCLT approves the merger of TCNS Clothing into Aditya Birla Fashion and Retail.

*    Bengaluru-based TruAlt Bioenergy files draft papers for IPO with SEBI.

*    PSBs saw net NPAs decline to 0.76% in FY24.

*    Stonepeak, I Squared, Actis and 4 others submit bids for O2 Power in 1 $ billion deal.

*    Morgan Stanley is in talks to exit investment in Manna Foods.

*    Air India finds a solution to its IFE woes and takes a leaf out of Vistara.

*    Pfizer is staking its turnaround on cancer drugs.

*    TBO Tek's sector-leading revenue growth will continue, says Goldman Sachs.

*    Tata Electronics' iPhone manufacturing plant in Hosur, Tamil Nadu is ready to begin production in November this year.

*    Japanese megabank SMFG got thrown out with the bath water.

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