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STOCK MARKET UPDATES 23/09/2024

 




*    FM reviews housing and urban affairs ministry capex focusing on PMAY.

*    New housing supply in Delhi-NCR triples in Q2 to 13,311 units: PropEquity.

*    Indian steel firms are under pressure from rising imports and a drop in exports.

*    Greenfield boom: Hotel investments in India return to high pre-pandemic levels.

*    Intel shares climbed on the report that Qualcomm made a takeover approach.

*    The Finance Ministry urges DRTs and banks to expedite loan recovery processes.

*    NBFC Aye Finance raises 30 million $ in series G round led by ABC Impact.

*    Moglix will invest 50 million $ in Credlix for expansion in the USA and Mexico.

*    NCLAT rejects tax claims against RCom after initiation of insolvency.

*    India and Germany conclude development policy negotiations successfully.

*    Cement makers may end H1FY25 with higher raw material costs and weak pricing.

*    GM recalls 449K SUVs and pickups over faulty low brake fluid warning lights.

*    India and Korea will discuss upgrading the trade pact and promoting investments.

*    Leela Hotels owner Schloss files IPO papers to raise 599 million $.

*    Garuda Aerospace will set up a dedicated defense drone facility near Chennai.

*    AAHL reports lounge access issues at multiple airports after DreamFolks suspension.

*    Plan to open offices abroad to assist foreign investors looking to invest in India: Piyush Goyal.

*    NCLT rejects Philips India’s plea to buy out minority shareholders’ stake, again.

*    SEC approved BlackRock's spot Bitcoin ETF options for listing.

*    NCLT directs IRP to respond to 26,000 homebuyers of Supertech.

*    India can become 10 trillion $ economy by 2032; beat US and China in manufacturing: Report.

*    Bombay HC grants temporary relief for the CEATin case against Apollo Tyres’s ads.

*    UPI transaction value surges to Rs 1669 lakh crore in the first five months of FY 2024-25.

*    Uco Bank IMPS issue: Slim chance of full recovery this fiscal, says bank MD.

*    RBI extends the tenure of IDFC First Bank MD V Vaidyanathan for another 3 years.

*    Top bankers urge the government to initiate a disinvestment process in banks.

*    The Government seeks an explanation from edible oil companies for high prices.

*    Nirala World will invest 400 crore Rs to build luxury housing projects in Greater Noida.

*    Oil logs second weekly gain after US Fed rate cut; Brent, WTI gain 4% in 5 days.

*    IGREL Renewables eyes fresh 300 crore ₹ equity fundraise next fiscal.

*    Linde India moves SC against SAT order in related-party transactions case.

*    BSNL gained 2.9 million customers in July after private telcos raised tariffs.

*    Blinkit and Zepto will face CCI scrutiny after complaints from local retailers.

*    US CFTC issues first guidelines for carbon credit markets.

*    OYO will acquire Motel 6 and Studio 6 from Blackstone paying 525 million $ cash.

*    SEBI permits mutual funds to buy and sell credit default swaps.

*    The Government pushes for indigenous technologies in animal husbandry and dairy sectors.

*    Crude oil sizzles after US Fed rate cut: Brent nears 74 $ on demand optimism.

*    Seci plans to launch IPO within the next two years: CMD RP Gupta.

*    HDB Financial IPO: HDFC Bank clears subsidiary's 2,500-crore ₹ IPO plan.

*    Food price volatility remains ‘contingent risk’ for CPI inflation: RBI.

*    JSA expands projects and real estate practices with a new leadership team.

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