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STOCK MARKET UPDATES 24/10/2024



 

*    Nvidia's design flaw with Blackwell AI chips is now fixed said CEO Huang.

*    Heineken's premium beer volume rises 4.5% in Q2, and Kingfisher Ultra chips in.

*    Tata AIG eyes 30% CAGR growth in retail health portfolio in the next 3 years.

*    SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore.

*    Outbound M&A by Indian firms to rise on the back of strong balance sheets: Citi.

*    Muthoot Finance raises 400 million $ via USD notes, and oversubscribed 3.9x.

*    Hilton cuts 2024 revenue growth forecast on low consumer tourism spending.

*    Coca-Cola bets on rising soda demand to forecast a surge in its revenue.

*    Uber Auto and Moto services will drive 36k crore Rs in economic activity in 2024.

*    UAE's sovereign wealth fund will invest 750 million $ in debt of GMR Group.

*    Diesel consumption will rise 3%-4% in FY25 said Indian Oil chairman.

*    Dulux maker AkzoNobel misses Q3 forecasts as demand weakens in China.

*    Jaguar Land Rover expands global innovation network; launches hub in India.

*    Lower APM gas allocation will raise cost of city gas cos by 2-3 Rs/kg: Crisil.

*    Persistent Systems sees healthcare revenue growing to 1 billion $ in the next 3-5 years.

*    India's food inflation likely to ease by the end of FY25, and highlights RBI MPC minutes.

*    TVS Motor will launch new EVs in the current financial year.

*    Road ministry decides to double 'defect liability period' under EPC contracts to 10 years: Gadkari.

*    Gramin aims for double-digit growth in India and expansion to e-commerce platforms.

*    Escorts Kubota will sell railway equipment biz to Sona Comstar for 1,600 crore Rs.

*    TVS Industrial & Logistics Parks will set up a 200-crore Rs facility in MP.

*    Indian entertainment industry loses 22,400 crore Rs annually due to piracy: EY-IAMAI.

*    FIU slaps 54 Lacs Rs fine on Union Bank of India for multiple PMLA violations.

*    JP Morgan Chase India appoints Pranav Chawda as CEO after RBI approval.

*    Godrej Properties Q2 profit jumps 5-fold to 335.21 crore ₹ on higher revenue.

*    TVS Motors Q2 results: Net profit rises 41% to 588 crore ₹ and revenue at 11,302 crore ₹.

*    Jinesh Gopani, the former Axis MF star, plots comeback with Taksh AIF.

*    Jio aims to export high-speed fixed wireless access internet as a managed service.

*    Maruti Suzuki Swift Blitz Edition launched in India with enhanced features.

*    Finance ministry will take a call on scrapping windfall tax on oil: Tarun Kapoor.

*    Montecarlo explores the sale of nine road assets in a 360 million $ deal.

*    Setback for Byju’s as SC restores insolvency case and raps NCLAT for overreach.

*    Zomato hikes platform fee to 10₹ amid festive season rush.

*    Paytm secures NPCI approval to onboard new UPI users.

*    Botree Software Launches MyDMS to Boost Rurban Market Growth.

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