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STOCK MARKET UPDATES 06/09/2024



 

*    India-UK FTA talks are delayed as the new British government yet to form a negotiation team.

*    Fitch changes global reinsurers' outlook to 'neutral' from improving.

*    Freight rates rose as India-Bangladesh trade gathers pace: Shriram Mobility.

*    ICSI launches framework for sustainable, responsible investment practices.

*    The US, Britain, and EU will sign the first legally binding international AI treaty.

*    SAIL is willing to participate in Critical Mineral Mission: Chairman Amarendu.

*    MSME loan portfolio expands 17.8% to Rs 64.1 trillion in FY24: Report.

*    India-EFTA trade deal: Swiss Federal Council begins ratification process.

*    SBI focuses on JanDhan, trusts, and societies to mobilize incremental deposits.

*    Meesho hires 850k staff before festivals, mostly from tier-3, tier 4 cities.

*    Bajaj Allianz Life unveils Nifty 200 Alpha 30 Index Fund for ULIP Customers.

*    JNPA records the highest-ever monthly container traffic in Aug as exports surge.

*    Amazon plans 5 billion $ of small-ticket exports from India in 2024 in the shift from China.

*    Alembic Pharma gets USFDA nod for generic product.

*    PayPal pushes into in-person payments with cashback rewards, and Apple integration.

*    Verizon will buy Frontier in a 20 billion $ deal to boost the fiber network.

*    BMW plans to launch its first hydrogen car in 2028.

*    China probing AstraZeneca employees for potential illegal acts.

*    India will become one of the top five markets for the Maybach brand: Mercedes.

*    Malabar Gold & Diamonds will launch 20 new showrooms in October.

*    Meta partners with the Telangana government on e-gov, and citizen services leveraging AI tech.

*    Nazara Tech partners with the Telangana government for an AI center of excellence.

*    EaseMyTrip ventures into electric bus manufacturing.

*    India's slow growth data leaves RBI's economic goal unchanged, says Governor Das.

*    India's digital payments will grow threefold from 159 billion to 481 billion by FY29: PwC re.

*    Nykaa sues former chief business officer over alleged data misuse.

*    Onsurity and DBS Bank India Partner to Strengthen Cybersecurity for SMEs.

*    The Reliance bonus issue has been announced: The RIL board has approved a 1:1 issue of free shares.

*    India & Singapore Sign Agreements will Work on Semiconductors and Digital Tech.

*    Rapido enters unicorn club with 200 million $ fundraising led by WestBridge Capital.

*    HC grants relief to HUL in a copyright case against Abbott.

*    Hostel chain The Hosteller raises ₹32 crore in Series A funding.

*    Electric vehicles don't need subsidies now, says transport minister Gadkari.

*    Royal Sundaram Unveils Refreshed Brand Identity to Align with the Sundaram Group.

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