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STOCK MARKET UPDATES 26/09/2024



 

*    Coal imports rise marginally by 0.9% to 90.51 MT in Apr-Jul of FY25.

*    Fashion retailers may see up to 15% revenue growth in FY25: Report.

*    SBI aims to become the first financial firm to cross  1 trillion Rs profit: Chairman.

*    Pharmaceutical firm Piramal Pharma eyes to double revenue to  2 billion $ by FY30.

*    Results from Biocon Biologics support the interchangeability of psoriasis cure.

*    Karnataka plans tax waivers for hybrid vehicles and incentives for EVs.

*    State-owned Bank of India raises Rs 2,500 crore at 7.49% via tier-II bonds.

*    Centre asks Tamil Nadu government to resolve Samsung workers' strike: Report.

*    Trai will discuss OTT app regulation and expedite the Satcom framework: Chairman.

*    Expecting FDI to increase to 100 billion $ per annum in coming years: DPIIT Secretary.

*    Reliance Power's subsidiary Rosa prepays Rs 850 crore debt to Varde Partners.

*    Mt K Kapital raises over Rs 500 crore to invest in realty projects in Mumbai.

*    Infosys signs a deal with Polestar to open a tech hub in Bengaluru.

*    Chief economists are bullish on India and have cautious optimism for global recovery: WEF survey.

*    BFSI sector leads in women leadership and reports Avtar & Seramount Study.

*    SaaS startup Whatfix raises 125 million $ from Warburg and SoftBank and valuation hits 900 million $.

*    The Vedanta board will meet on October 8 to consider the fourth interim dividend.

*    AI global market may touch 990 billion $ by 2027 with 40-55% annual growth rate: Report.

*    Carlyle Aviation affiliates trim stake in SpiceJet to 2.34% from 3.75%.

*    India's retail has a spring in its step: High-end shopping malls.

*    India's foodgrain production hit record 332.22 mn tonne in 2023-24: Govt.

*    Diamantaires will witness a 25-27 percent decline in revenue in FY25: Report.

*    Euler Motors forays into the LCV segment; and drives in two electric models.

*    ADB retains the FY25 growth forecast for India’s economy at 7%.

*    Foodgrain production will hit record 332.23 MT: agriculture ministry.

*    Positive outlook for India: Goldman Sachs predicts sustained economic growth.

*    HomeLane will buy Design Café and raise 255 crore ₹ from Hero Enterprise and WestBridge.

*    Aristocrat maker plans to raise 300 crore ₹ for new single malt, brandy, and more.

*    Airtel launches an AI-powered spam detection tool which will be available from Thursday.

*    Rate cuts and government policies put the housing finance sector in a sweet spot: experts.

*    Google paid 2.7 billion $ to bring back an AI genius who quit in frustration.

*    Zepto ranks first in LinkedIn's 2024 list of India's top startups.

*    Whatfix secures Warburg Pincus and SoftBank funding at a 900 million $ valuation.

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