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STOCK MARKET UPDATES 07/10/2024



 

*    Private sector capex likely to improve among rising biz confidence: CII.

*    Canara Bank invites EoIs for counter bids on exposure to 3 NSL companies.

*    Tata Digital's financial services bet pays off as credit cards top 1.5 million.

*    In a first, India's foreign exchange reserves surge past 700 billion $.

*    Samsung strike talks hit CITU roadblock; firm willing to accept key demands.

*    Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry.

*    India could remain the number one market for Rado: Global CEO Adrian Bosshard.

*    Banks' group entities cannot be used to circumvent guidelines: RBI.

*    Demand slowdown pulls down services PMI to a 10-month low in September.

*    Affordable housing supply in India's top 6 cities slows to a trickle.

*    Dev Accelerator plans Rs 125 crore IPO amid high demand for office spaces.

*    Solar power companies growing fast in Africa where 600 million without power.

*    NAREDCO signs MoU with FSAI to improve safety standards in realty projects.

*    Hong Kong surpasses India in market cap as Chinese equities rebound.

*    Need clear laws, and standard operating procedures to protect workers, and manufacturers' interests: GTRI.

*    Exicom acquires US EV charging company Tritium for Rs 310 crore.

*    Paytm is focusing on the consumer payments business: CEO.

*    Haldiram's Stake Sale: Temasek is in talks for over 1 billion $ stake in India’s biggest snack maker.

*    Vodafone Idea deploys 4G network on underground Mumbai Metro Line 3.

*    Adani Wilmar sees 10% total volume growth in Q2; Food & FMCG segment grows 31%.

*    Apple will open four more flagship stores in India and start making all iPhone models here.

*    Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India.

*    Meja Urja Nigam pays the first dividend of Rs 102 crore to NTPC and UPRVUNL.

*    DroneAcharya will foray into US, and European markets; eyes 50 million $ revenue.

*    Karnataka HC grants interim stay on CCI proceedings against Flipkart, and Amazon.

*    Suzuki Motorcycle sept sales rise 1 percent to 99,185 units.

*    SC dismisses plea against order allowing states to levy tax on minerals.

*    L&T Precision Engineering eyes supply chain role for the next US space station.

*    Government plans crackdown to ensure fair pricing in besan market.

*    Gail and AM Green forge 350 KTPA e-methanol deal to drive clean energy growth.

*    SBI classifies MTNL loan a/c as sub-standard NPA and threatens legal action.

*    SpiceJet clears the four-month pending salaries of employees, and the 10-month PF is deposited.

*    Titan Q2 update: Tata Group firm posts 25% YoY growth in business.

*    Power Finance Corporation raises a 1.27 billion $ loan to fuel its green energy transition.

*    Centrum predicts a 7-8% QoQ ARPU rise for telecom cos in Q2FY25.

*    Amazon will cut 14,000 manager roles by early 2025: Report.

*    JioCinema appoints YouTube’s Ishan Chatterjee as chief business officer.

*    HDFC Bank Q2 Update: Advances rise 7% to 25.2 lakh crore ₹, deposits up 15% YoY.

*    India's digital economy will surpass 1 trillion $ by 2028: Report.

*    The government will soon open bids for remaining PLI sops for battery manufacturing.

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