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STOCK MARKET UPDATES 08/11/2024




 *    Mitsubishi Electric Group will invest 400 crore Rs in the Karnataka plant.

*    M&M Q2FY25 results: PAT up 35% at 3,171 crore Rs on strong auto sales.

*    India should be part of RCEP and CPTPP: Niti Aayog CEO BVR Subrahmanyam.

*    Rajasthan sees a boost in rabi crop sowing after favorable monsoon rains.

*    Asian tea producers eyeing 'untapped' African market for exports: ATA chairman.

*    ULI will be for lending what UPI is for payments: RBI Deputy Governor at BFSI Summit.

*    Brookfield India REIT will raise to 3,500 crore Rs via the issue of unitholders.

*    Mercedes improved pollution management at the plant: Maharashtra government.

*    Most urban Indians aspire to own homes and prefer home loans: Report.

*    Swiggy is confident of growth and emphasizes strength in consumer insight.

*    Amazon will invest 1.3 billion $ in Italy's data center biz to boost cloud services.

*    Rural demand grew twice as fast as urban in the July-September quarter: NielsenIQ.

*    Tata Power and Noida International Airport signed a 550 crore Rs deal for renewable energy.

*    Nippon Steel expects to close the US Steel takeover by the end of 2024.

*    India's goods and services exports will cross 800 billion USD this fiscal: Sakthivel.

*    Singapore's Changi Airport will invest 2.3 billion $ to improve services.

*    Kochi Biennale Foundation names Thomas Varghese as the new CEO.

*    Trent Ltd deepened and expanded store footprint during Q2; now in 184 cities.

*    The rupee hit a record low on equity outflows and a strong dollar outlook.

*    Tata's Croma names Shibashish Roy as chief executive officer.

*    EaseMyTrip partners with Hyperface to boost card management and customer experience.

*    High street dominates retail leasing with a 68% share in Q32024.

*    Profectus Capital secures 25 million $ investment from IFC to accelerate India’s climate goals.

*    Visa appoints Rishi Chhabra as country manager for India.

*    Trent Q2 Results: Profit at 47% YoY to 355 crore ₹ and revenue rose 39%.

*    Japanese carmaker Nissan cuts 9,000 jobs and reduces sales forecast for this fiscal.

*    Public sector banks outperform private banks by net profits in Q2.

*    Supreme Court orders liquidation of Jet Airways and overturns NCLAT ruling.

*    Samsung will roll out personalized AI features in Galaxy devices.

*    ISB Executive Education and Emeritus Launch Product Management Programmes.

*    Solar Energy Corp bars Reliance Power for 3 years over fake tender documents.

*    Amazon and Flipkart sellers raided by ED across India in money laundering probe.

*    ICICI Lombard buys stake worth 563 crore ₹ in ITC and Axis Bank.

*    Kotak PE will tap domestic investors for a new life sciences fund.

*    PhysicsWallah's FY24 revenue nearly triples; losses zoom on higher expenses.

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