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STOCK MARKET UPDATES 04/11/2024



 

*    Reliance Consumer targets the chips and biscuits market with higher trade margins.

*    41% of workers are on contract in the formal manufacturing sector in FY23: ASI data.

*    India's EV market sees festive season boost and reverse recent slump.

*    Banks and FIMMDA discuss MIBOR replacement with collateralized rate framework.

*    18 companies in Nifty-50 missed estimates in the September quarter showed data.

*    India boosts global share in petroleum, gemstone, and sugar exports over 5 years.

*    Opec+ agrees to delay the planned December output increase for one month.

*    Punjab paddy procurement crosses 8.5 MT and Centre says ops in full swing.

*    Anarock FY25 revenue may rise 40% on strong housing demand: Chairman Puri.

*    Construction of 12 river bridges completed for the Gujarat bullet train project.

*    GX group aims for 60% reusable product materials within two years: CEO.

*    Sebi proposes interest rate derivatives for hedging by REITs and InvITs.

*    India's progress on fossil fuel subsidy reform is noteworthy said ADB.

*    Coal India hopes to rejoin the dividend list as ECL improves performance.

*    Ujjivan Small Finance Bank will apply for a universal licence this fiscal: MD Sanjeev Nautiyal.

*    VW cost-cutting necessary after 'decades of structural problems', CEO tells the paper.

*    The Government infuses 1,650 crore Rs in RINL to keep it a going concern.

*    Karur Vysya Bank strengthens its retail footprint in Tamil Nadu and Karnataka.

*    Canara Bank aims for a 6,000 crore Rs recovery in H2 FY25.

*    Apollo Hospitals announces 1,625 crore Rs for expansion in Mumbai and Lucknow.

*    Iron ore output was up 5.5% at 135 MT in 1st half of FY25.

*    Suven and Cohance aim to double combined business revenue to 6,000 crore Rs by FY29.

*    Federal Bank acquires five floors of office space in Mumbai’s Wadala from Varde Partners.

*    The Telangana government came up with a new energy policy soon said Deputy Chief Minister.

*    Netflix India sees double-digit growth in revenue and profit for FY24.

*    FMCG firms caution against price hikes as input costs and food inflation rise.

*    The US Fed is set to cut rates for the second time as it faces a hazy post-election outlook.

*    DLF will develop an ultra-luxury housing project worth 8,000 crore ₹ in Gurugram. 

*    ONGC fails to get a partner for the Deen Dayal gas field for the third time.

*    India may extend the bid deadline for the coal gasification scheme.

*    Maruti Suzuki expects festive momentum and wedding season to carry November sales.

*    India commits to protect 30% of land and marine area to eliminate biodiversity loss.

*    Nvidia will replace Intel in the Dow Jones Industrial Average.

*    FPIs dump 94,017 crore ₹ in Indian equities; outflow hit record-high in October.

*    Sundar Pichai shows confidence in the firm's legal position on antitrust rulings.

*    China’s EV makers set sights on Latin America in global expansion.

*    Amazon India sees a festive surge in luxury sales: Apple tablet sales are up 10 times.

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