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STOCK MARKET UPDATES 07/11/2024



 

*    RBI 'watchful' of unsecured loan flows into the stock market: Shaktikanta Das.

*    Positives outweigh negatives, though inflation a worry: RBI Governor Das.

*    Nxtra will invest 5,000 crore Rs to double its capacity to 400 MW in three years.

*    India expects policy continuity with the US regardless of election outcome: CEA.

*    Recommendations on satcom to be brought out soon: Trai Chairman Lahoti.

*    Novo Nordisk posts Q3 sales of obesity drug Wegovy above expected forecast.

*    India is the fastest growing market and will be the largest market for SAP: CEO.

*    IL&FS group discharges debt of  38,082 crore Rs to creditors as of September-end.

*    VW workers at the Osnabrueck plant are holding out a fresh warning about the strike over pay.

*    Toyota posts first quarterly profit drop in two years on US and China woes.

*    IFC commits 400 million $ to Bajaj Finance to help boost finance and empower women.

*    Auto retail sales are up 32% in October as 2W and PVs shine in the festival season.

*    India's petrochemical sector will grow over three-fold to 1 trillion USD by 2040: Hardeep Puri.

*    India's Q2 GDP growth may slow down to 6.5%; FY25 growth seen closer to 7%: SBI.

*    Hero MotoCorp looking to scale its EV business and line up new models.

*    India's most promising growth market for Skoda: CEO Klaus Zellmer.

*    Zero Motorcycles eyes the Indian market with premium electric bikes and is backed by Hero MotoCorp partnership.

*    Sanathan Textiles gets Sebi nod for 800 crore Rs IPO.

*    The Finance Ministry asks PSU banks to take steps to meet loan targets for the agri-allied sector.

*    Honda 2-wheeler domestic sales rose 20% to 5.5 lakh in October and exports jumped 48%.

*    India's focus should shift to job quality amid AI disruption said CEA Anantha Nageswaran.

*    Jio and Airtel SG&A costs jump in Q2 amid higher customer churn.

*    India's October palm oil imports hit 3-a month high on festive demand said dealers.

*    Maruti Suzuki looks to boost exports with the upcoming new Dzire sedan.

*    Government approves 10,700 crore ₹ equity infusion in FCI and launches PM Vidyalaxmi scheme.

*    Rites Q2 update: PAT fell 25% and stood at 82.5 crore Rs.

*    Apollo Hospitals Q2 Result: Net profit rises 63% to 379 crore ₹ and revenue up 15%.

*    Crude oil prices plummet 2.5% on the strong US dollar and Brent slips below 74 $.

*    BMW's net profit drops 84% amid China sales slump and vehicle recall issues.

*    Iran's Rial hits all-time low and bitcoin and dollar up as Trump returns to office.

*    India’s service sector growth rebounds in October on higher demand.

*    Waaree Energies m-cap tops 1 lakh crore ₹ as shares caught in one-way rally.

*    Germany-based Deutsche Bank AG had infused 650 million $ into its Indian operations to fund growth plans.

*    Granules India Q2 update: PAT fell 4.7% and stood at 97.2 crore Rs.

*    India and ADB ink 200 million $ pact to boost Uttarakhand’s urban resilience.

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