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STOCK MARKET UPDATES 13/09/2024



 

*    Airtel Business inks pact with Sparkle to enhance connectivity with Europe.

*    Government asks coal block holders to start production in auctioned mines.

*    Hiranandani will invest Rs 3,200 crore to redevelop 5 Mumbai housing societies.

*    India will lead global oil demand growth in 2024, surpassing China: IEA.

*    Paytm will focus on core business; deliver profitability soon: CEO Sharma.

*    EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC.

*    NaBFID plans to raise Rs 53,000 crore debt in FY25, says MD Rajkiran Rai.

*    Auto dealers can claim ITC on demo cars used for promoting sales said CBIC.

*    Private sector needs to step up infrastructure investment: DFS secretary.

*    Palm oil imports in August fell over a quarter as buyers shifted to soy oil.

*    Want Opec+ to raise oil output to meet demand, says oil secretary.

*    ECB cuts deposit rate by 25 basis points to 3.50% as growth dwindles.

*    Fuel aggregator platform Nawgati aims to onboard 20,000 outlets by 2025-end.

*    India's Industrial Production grows at 4.8 percent in July 2024.

*    Eastman Auto & Power aims a turnover of Rs 10,000 crore by FY26.

*    Sunsure Energy will supply 21 MW of solar power to Lupin's Tarapur facility.

*    DFC commits a 20 million USD long-term loan to Panacea Biotec.

*    NMDC exploring mining opportunities for critical minerals overseas.

*    Regional air connectivity scheme made air travel inclusive, says Prime Minister Modi.

*    Current refining margins on fuel are unsustainable and will hurt refiners said the Oil secretary.

*    Sector funds show sustained traction among investors in August-backed NFOs.

*    EET appoints Ruth Herbert as MD of business development and strategic initiatives.

*    Government data shows India's retail inflation rose to 3.65% in August.

*    India is better than the US and Germany in inflation management, according to the SBI report.

*    Kaynes will keep away from fabs for now and focus on chip facility, says CEO.

*    Vedanta Aluminium doubles down on value-added AL to cash in on India's EV drive.

*    HDFC Bank is in talks with global lenders to offload 84 billion ₹ loans.

*    PwC laying off 1,800 employees and plans to restructure the products business.

*    Microsoft will lay off 650 support employees in the Xbox Games unit.

*    The government may cut petrol and diesel prices if global prices remain low.

*    US companies exit China amid record low profits and waning confidence: Report.

*    GM and Hyundai are exploring a partnership to develop vehicles together.

*    SBI cards will consider fundraising up to ₹5,000 crore via NCDs.

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