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STOCK MARKET UPDATES 16/10/2024



 

*    Steel import surge impacts domestic players' gross margins: Ind-Ra.

*    Mastercard opens a new Tech Hub in Pune to drive growth and innovation.

*    SpiceJet's domestic passenger market share shrinks to 2% said DGCA.

*    Macrotech acquires 7 land parcels to build Rs 16,600 crore housing projects.

*    Funding to Indian fintech rises 66%, number of rounds decline by 25%.

*    Avaada Energy closes 597 crore RS refinancing for solar projects.

*    PE investments in the Indian real estate sector decline 4% in H1 FY25.

*    Tata Digital launches life insurance products on Tata Neu with Tata AIA.

*    BofA Q3 profit beats expectations on investment banking and trading strength.

*    IBM acquires Prescinto for renewable energy asset performance management.

*    The government has announced 3 AI CoEs for healthcare, agriculture, and sustainable cities.

*    Export of oil meals from India drops 35 percent in September.

*    Coal India's process for signing fuel supply pacts becomes digital.

*    Mamaearth's chief product and technology officer Jayant Chauhan quits.

*    Gautam Solar plans to expand capacity by raising 1,000 crore Rs via IPO.

*    BEML has received a contract to build India’s first bullet train.

*    TV Narendran elected as Worldsteel Chairman; second Indian to head global body.

*    LIC Mutual Fund reduces the daily minimum SIP limit to 100 Rs for select schemes.

*    Retail inflation will likely average 4.5% in 2024-25: RBI DG Patra.

*    Tata Group will create 5,00,000 jobs in India with major investments in manufacturing.

*    MCX launches cotton seed wash oil futures.

*    Government examining product disclosures by quick commerce firms.

*    Shapoorji Pallonji Real Estate inks joint venture with Kanodia Group for a luxury residential project in Gurugram.

*    SpiceJet settles 23.39 million $ dispute with aircraft lessors for 5 million $.

*    ICMR offers Indian firms technology to develop quick Mpox test kits.

*    Indigo Ventures gets SEBI approval to launch Venture Capital Fund.

*    Go First resolution professional can't become its liquidator said NCLT.

*    Gadkari reviews industry preparedness for the flex-fuel launch of ethanol and flex-fuel vehicles.

*    Zomato-owned Blinkit tightens grip on talent amid fierce competition.

*    Jio launches JioBharat V3 and V4, and budget-friendly 4G mobiles in India at 1099 ₹.

*    Investment firm Multiples adds credit strategy unit and hires ex-Deutsche man as MD.

*    Telcos push for policy reforms on data localization, AI, and satellite services.

*    RBI repo rate cuts seen delayed to 2025 as inflation spikes to a nine-month high.

*    HDFC AMC Q2 results: Net profit rises 32% to 577 crore ₹, and revenue up 38%.

*    PVR Inox Q2 Results: Firm posts net loss of 11.8 crore ₹.

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