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STOCK MARKET UPDATES 21/10/2024



 

*    FMCG distributors write to CCI about unfair practices by quick commerce companies.

*    L&T Finance lowers NIM guidance and sees challenges in retail loan segment.

*    PM Modi lays foundation stone for 1,550 crore Rs expansion of Bagdogra Airport.

*    Analog Devices sees India as a key R&D hub: the Company's India head.

*    Hyatt Hotels launched a new luxury venue in Mumbai to boost banquet revenue.

*    HDFC Bank aims to reduce the CD ratio and plan slower loan growth in FY25.

*    Irdai asks insurers to check IT system vulnerabilities and take measures.

*    Margin pressure ahead as city gas distribution majors continue to struggle.

*    Starlink vs Jio: Trai extends the satellite spectrum pricing debate deadline.

*    Shapoorji Pallonji's Afcons Infra will float a 5,430 crore Rs IPO on October 25.

*    262K MT of paddy lifted, and 1.63 million MT procured: Punjab food minister.

*    PFC, and BEML ink pact to finance, infra projects in defense, and railways

*    India and Germany will ink a pact on labor mobility, and skill recognition in the upcoming days.

*    UCO Bank Q2FY'24 recovery in bad loans through NCLT improves.

*    Meeting the 2030 renewable energy target may push India's solar equipment imports to 30 billion $/year said GTRI. 

*    Borosil Group expects to cross 7,000-crore Rs revenue in 4 years.

*    US SEC gives the green light for options listing for the spot bitcoin ETFs to NYSE.

*    Pune realty market adds 5,253 crore Rs stamp duty to state exchequer in January-September.

*    PG Electroplast board approves 1,500 crore Rs QIP.

*    Gland Pharma appoints Shyamakant Giri as new CEO.

*    India eyes 87 billion $ investment in petrochemicals sector over next decade said Hardeep Singh Puri.

*    India's HPCL will start LNG terminal around year-end, seeks term supply sources said.

*    ACESO expands life insurance policy assignment services to all major private insurers.

*    Several state-owned banks waive processing fees on home loans to attract business.

*    Business operations of fintech NBFCs, MFIs to take a hit after RBI diktat.

*    India plans laptop import curbs to boost Apple and others' local production sources say.

*    Government receives 44 bids in the 10th round of commercial coal mine auction.

*    Swiggy targets 12 billion $ in upcoming IPO and company eyes November launch.

*    Boeing’s CEO is shrinking the jet maker to stop its crisis from spiraling.

*    HDB Financial Services IPO: HDFC Bank arm to float 12,500-crore ₹ public issue.

*    India will use Russian rail to bring Mongolian coking coal to Vladivostok.

*    Tata Consumer feels the heat as RIL's Campa Cola disrupts the beverages market.

*    Repo Sensitivity Hints Cash Might Not Be So Abundant, BofA Says.

*    US Posts 1.8 Trillion $ Annual Deficit, and Highest Outside of Covid.

*    Hilcorp Fined 9.4 Million $ for New Mexico Methane Emissions.

*    RBI lifts restrictions on JM Financial Services after seven months.

*    The government seeks to amend the law to bolster institutional arbitration.

*    JSW Steel’s new JV fast-tracks India entry with 4,000 crore ₹ thyssenkrupp purchase.

*    Kotak Mahindra Bank will acquire Standard Chartered Bank's personal loan book.

*    Tata Communications' AI cloud to be launched next year: CEO Lakshminarayanan.

*    India’s petroleum and gems exports plunged, electronics and pharma surged in H1 FY25.

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