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STOCK MARKET UPDATES 22/08/2024



 

*    Funding constraints to hinder NBFCs' growth after two strong years: ICRA.

*    Passenger vehicle dealers struggle with inventory worth Rs 73,000 crore: Fada.

*    Alphabet-backed NBFC Aye Finance will launch a Rs 2k crore IPO in a year: Report.

*    Markets have started to price in a higher recession probability: Anurag Mittal, UTI MF.

*    Keystone Realtors will invest Rs 900 crore on housing projects in FY25: CMD Irani.

*    Amul strongest food brand in the world in 2024: Brand Finance report.

*    HDFC Bank taps retail bankers as wealth managers amid talent crunch.

*    JK Tyre will invest Rs 1.32 crore to acquire a 26% stake in a solar energy venture.

*    Employment growth in the corporate sector declined to 1.5% in FY24: BoB report.

*    China opened an anti-subsidy probe into imported dairy products from the EU.

*    Shriram Properties to triple revenue to Rs 3k crore by FY27; double bookings.

*    NMDC Steel's hot rolled coil production hits the 1 MT mark within a year.

*    Reliance will invest over Rs 1,000 crore in Sohagpur CBM to boost gas output.

*    India to spend 300 $ million to build drains and expand water bodies in big cities.

*    Titan Capital closes Rs 200-crore fund to double down on existing portfolio startups.

*    Zelestra inks pact to supply 450 MW solar power to NTPC.

*    Growth of e-commerce through predatory prices is the central of small retailers: Piyush Goyal.

*     As Chinese shipments rose, India remained a net steel importer for April-July.

*    Hyundai Motor India will establish the Hydrogen Innovation Centre at the IIT-M Thaiyur campus.

*    India's second 700 MW nuclear power KAPS-4 plant starts operations at full capacity.

*    India allows the export of 200,000 tonnes of non-basmati rice to Malaysia.

*    Odyssey Electric will expand operations to 150 cities by September.

*    Tata Motors ties up with two firms to expand charging infra for electric CVs.

*    Tesla will recall more than 9,000 Model X SUVs, NHTSA says.

*    Fintech startup TransBnk secures 4 $ million in funding round led by 8i Ventures.

*    Urea import dependency will fall to 10-15% from this fiscal, says Crisil.

*    Sembcorp, Japan's Kyushu Electric forge green ammonia export deal.

*    E-commerce boom is a matter of worry and not for pride said India's trade minister Piyush Goyal.

*    Livpure secures ₹233 crore from M&G, Ncubate, to expand subscription network.

*    CBDT issues Central Action Plan for FY25 and sets roadmap for I-T department.

*    Decathlon to invest ₹933 crore in India in 5 years to expand retail business.

*    NCLT rejects a petition of the shareholders opposing the delisting of ICICI Securities.

*    DDA unveils 3 new housing schemes: 40,000 flats, prices from ₹11.5 lakh to ₹5 crore.

*    New launches and Dubai entry elevate Sunteck Realty’s pre-sales outlook.

*    India’s animation, VFX segments set to touch 2.2 $ billion by 2026: Report.

*    India's active paid OTT subscriptions stagnate at 100 million: Report.

*    Flipkart Group’s new payments app—super.money—eyes first-time borrowers.

*    Wells Fargo will sell its non-agency third-party Commercial Mortgage Servicing business to Trimont.


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