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STOCK MARKET UPDATES 23/08/2024



 

*    Steel sector's tech investment is likely to hit 2.7 $ billion by 2030: Report.

*    Cement sector will invest Rs 1.25 trillion as capex by FY27: CRISIL.

*    Economic momentum remains intact and set to achieve 6.5-7% growth: FinMin.

*    Green energy push: B C Jindal will invest 2.5 $ billion for renewable foray.

*    Government bans 156 fixed dose combination drugs over health risk concerns.

*    Disney-Reliance may need to dilute cricket dominance to seal merger deal.

*    Godrej & Boyce targets market share boost with battery-powered forklift truck.

*    FEMA tweaks: FPIs may switch to FDI after reaching 10% ownership cap.

*    Hindalco's ongoing expansions to entail 10 $ billion capex, says KM Birla.

*    Nokia joins hands with Axiom space for Nasa's human mission to moon.

*    No hybrid and our focus remains on petrol and electric: Audi India Head.

*    FSSAI directs food businesses to remove A1 and  A2 milk claims from products.

*    RBI MPC Minutes: Food inflation pressures showing little signs of abatement and warns RBI.

*    Alkem arm ties up with Exactech for knee and hip replacement implants.

*    Excel Entertainment and Trigger Happy Studios ink multi-film deal.

*    IndoSpace will invest over Rs 580 crore to develop two logistics parks in Karnataka.

*    Walmart partners with Burger King to offer discounted deals to members.

*    Wipro Hydraulics opens Rs 250 crore manufacturing facility in Jaipur.

*    Finance Ministry's monthly economic review sees food inflation falling in coming months on rain bounty.

*    Gold loan market projected will double in 5 years to Rs 14.19 lakh crore: PwC India.

*    Macrotech Developers will launch Rs 11,980 crore worth properties by March amid strong housing demand.

*    US auto safety regulator closes probe into GM's Cruise robotaxis.

*    Kalpataru Projects International gets tax notice from GST Authority.

*    GAIL and US-based Petron to form JV for bio-ethylene plant.

*    NMDC powers projects for better management to achieve 100 MT capacity.

*    GST: Infosys, foreign airlines and shipping lines may see relief said report.

*    HC orders arbitration in Ashneer Grover-BharatPe confidentiality violation case.

*    Budget Carrier AirAsia Gets 443 $ Million Private Credit Funding.

*    Deutsche Bank sees 430 € million gain on Postbank progress.

*    Dabur India will set up plant in Tamil Nadu with ₹400 crore investment.

*    Birla Fertility acquires BabyScience in ₹500-crore push for 100 IVF clinics by FY28.

*    RuPay to UPI credit and NPCI is planning a big recast of its businesses.

*    Drugs licence approval only if you show good manufacturing practices: DCGI.

*    India only APAC nation to log double-digit growth of FMCG, tech durables: Report.

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