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STOCK MARKET UPDATES 17/10/2024



 

*    Servotech ties up with Ensmart Power to expand the EV charger business in the UK.

*    Industrial and warehousing leasing up 17% YoY growth in 9 months: Report.

*    Godrej Properties secures 3 adjoining plots totaling 6.5 acres in Mumbai.

*    FY25 fresher hiring by IT sector to rise by 20-25%: TeamLease Digital.

*    Himadri Q2 results: PAT jumps 33% to Rs 134 crore driven by higher margins.

*    Indian manufacturing should aim for export-led growth: Jamshyd Godrej.

*    D2C brands raise funds to boost sales through quick-commerce platforms.

*    MF license aspirant list swells amid bullish industry growth projections.

*    Trade deficit eases to 20.8 billion $ in September amid geopolitical challenges.

*    Ministers' group discusses the merger of GST compensation cess into taxes.

*    Fund managers pare India allocation in favor of China: BofA survey.

*    India extends operation of imported coal-based power plants: Circular.

*    Strides Pharma's OneSource raises 801 crore Rs in the pre-listing round.

*    Union Cabinet approves 2,642-crore Rs Varanasi-DDU multi-tracking project.

*    HFCL expects 70% revenue in fibre optic, and 50% in telecom gear from exports in 3 years.

*    Survey software seller SurveyMonkey opens GCC in Bengaluru and plans to have 25% of its R&D team.

*    Licious narrows FY24 net loss by 44%, revenue down 8% to 685 crore Rs.

*    India added 174 GenAI startups in one year: Nasscom report.

*    BharatPe posts a 39% rise in FY24 operating revenue, and loss before taxes narrows 50%.

*    India offers to help Myanmar set up 5G mobile systems: Official.

*    Government approves 35,000 crore Rs for PM Annadata Aay Sanrakshan Abhiyan.

*    Ericsson will expand its R&D base in India and focuses on AI, and 6G development.

*    Zoomcar implements debt restructuring for the next long drive.

*    Expecting 15-20 percent export growth in alcoholic beverages this year: Official.

*    Jet Airways resolution plan: Supreme Court reserves decision on airline's future.

*    Saas startup Everstage raises 30 million $ from Eight Roads Ventures and others.

*    China’s fiscal plan seems to pale in comparison to its monetary boost.

*    India’s goods trade deficit narrows to a five-month low in September.

*    Airbus will cut nearly 2,500 jobs in the defense and space sector amid cost challenges.

*    South Indian Bank Q2 results: Net profit rises 18% to 325 crore ₹.

*    Samsung Galaxy Ring with AI health features launched in India.

*    HDFC Life continues to struggle with margin pain.

*    Alibaba and Baidu invest in Chinese smart-driving tech company's nearly 700 million $ IPO.

*    TVS Holdings board to consider raising funds via NCDs on October 23.

*    Temasek to Grab a Bite of Behrouz Biryani and Faasos Parent Rebel Foods.

*    India will become the third-largest electricity consumer by 2050 on demand for cooling.

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