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STOCK MARKET UPDATES 30/10/2024



 

*    Dhanteras festivities spark 60,000 crore Rs sales; China faces  1.25 trillion Rs loss.

*    BP's profit slumps to 2.3 billion $ on weak refining margins and oil trading results.

*    JSW Energy emerges as top bidder for bankrupt KSK Mahanadi Power Company.

*    McDonald's global sales fall more than expected on muted demand: Report.

*    Zinc raises 25.5 million $ in seed funding from Nexus Venture Partners.

*    RBI's domestically-held gold reserves jump 510.46 MT by end-September.

*    Coal and Power ministries plan winter coordination to prevent power shortages.

*    Indonesia plans to import 1 million tonnes of rice from India in 2025.

*    NFRA is likely to notify revised audit standards soon amid ICAI concerns.

*    Jio Financial Services launches SmartGold for digital gold purchases.

*    Swiggy raised primary issuance to 4,499 crore Rs and cut OFS to 175.1 million shares.

*    From Ayurveda to AIIMS, PM Modi launches 12,850 crore Rs healthcare projects.

*    China power demand growing faster than expected: Industry association.

*    TCS signs 245 million $ 15-year deal to transform Ireland’s pension system.

*    Robust prices and resilient domestic demand will drive domestic base metal Cos performance in FY'25.

*    Transformers and Rectifiers (India) gets orders worth  270 crore Rs from Adani Energy and 3 others.

*    Finova Capital secures 1,135 crore Rs from Avataar Venture Partners, Sofina, Madison India, and others.

*    Amazon Pay India reports 2,286 crore Rs revenue for FY24, and cuts losses by 39%.

*    Government asks manufacturers to cut the price of 3 anti-cancer drugs.

*    Trai extends the deadline on the traceability mandate to December 1.

*    Cashfree Payments receives a prepaid payment instrument license from RBI. 

*    Realty developer Anant Raj will raise up to 2,000 crore Rs via QIP.

*    Lockton gets an IRDAI nod to buy Arihant Insurance Broking.

*    Tata Power Renewable Energy and IndusInd Bank will become partners for providing finance for solar projects.

*    Maruti Suzuki Q2 Results: Net profit at 3,069 crore ₹ and revenue flat YoY.

*    Canara Bank Q2 result: Net profit rises 11% YoY to 4,014 crore ₹ and NPA improves.

*    Syrma SGS Technologies targets 1 billion $ in revenue by FY27.

*    The Government will impose penalties on GE Electric for delays in the delivery of fighter jet engines.

*    HDFC and Kotak are among banks facing a surge in default from over-leveraged debtors.

*    NSE cash volumes sink to a six-month low ahead of Sebi’s F&O curbs.

*    Coal India banks on upcoming power plants to accelerate growth.

*    Jio Financial Services gets RBI nod for online payment aggregator business.

*    Apple's iPhone exports from India soar amid push to reduce dependence on China.

*    Small-business lender Finova Capital raises 135 million $ to expand loan book.

*    JSW Steel ties up with South Korea's POSCO on steel plant, EV batteries, and more.

*    Razorpay's payment gateway business clocks 2,068 crore ₹ in revenue for FY24.

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