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STOCK MARKET UPDATES 13/11/2024




 

*    Government may relax quarterly spending limits to meet FY25 capex target.

*    India's thermal coal imports hit a 15-month low amid lower power demand.

*    Air India-Vistara merger complete; new entity to run 5,600+ weekly flights.

*    Metropolis Healthcare plans to expand its reach to 1,000 towns in 18 months.

*    India dispatches first Akash air defense missile battery for export: BEL.

*    India will reduce laptop imports by 5% annually from 2025, boosting local output.

*    India aims to become the world's drone hub: Defence Minister Rajnath Singh.

*    PMO launches new maritime strategy, to infuse funds into the port sector.

*    Unicommerce announces acquire the e-commerce technology platform Shipway.

*    Awfis will design and manage 165K square feet of office space for NSE in Mumbai.

*    India leads global IPOs, raising 4.3 billion $ in Q3 2024: Tax impact decoded.

*    India looks to establish a standardized negotiation process for trade deals.

*    Targets unchanged a year after deal on tripling renewables by 2030: Report.

*    BHEL will set up NTPC's Telangana super-critical thermal power plant.

*    Sources say that DBS Bank nominates Rajat Verma the next India CEO.

*    Government mulls 5% cut in electronics imports to boost domestic production from FY25: sources.

*    Biofuel blending on track and saved 91,000 crore rs. in import bills said Petroleum Minister Puri.

*    India's industrial production rebounds to 3.1% in September from 0.1% contraction in August.

*    B2B startup StampMyVisa raises Rs 6.6 crore from Unicorn India Ventures.

*    Jubilant FoodWorks outpacing QSR sector as market share gains drive stock surge: Abneesh Roy.

*    MTNL defaults on Rs 1,000 crore loan and Bank of India makes provision.

*    Nestle, P&G investigate palm oil sourced from illegally cleared Indonesian wildlife reserve.

*    State Bank of India unit to raise Rs 2,000 crore for climate fund.

*    Goldman Sachs looks to partner with Bhartias of Jubilant for an HCCB stake buy to finance up to 3500 crore RS.

*    Profit of Indian public sector banks jumps 35.4% to 45,550 crore rs. in Q2.

*    Reliance-Disney merger: JioStar website goes live amid JioHotstar domain saga.

*    Hyundai India Q2 net profit falls 16%, revenue drops 8% YoY.

*    Public sector banks grew 11% in the first half of FY25, according to data from the finance ministry.

*    NTPC Green Energy targets 12 billion $ valuation for upcoming IPO.

*    SoftBank posts 7.7 billion $ profit on India's IPO market boom and tech gains.

*    Demat accounts reach 179 million; new additions fall to 3.5 million in October.

*    SAIL’s growth outlook dims amid a lack of near-term capex plans.

*    IDFC First Bank introduces an upfront joining fee for Mayura and Ashva cards.

*    Meta will offer ‘less personalized ads’ in concession to the EU.

*    Starlink addressing government concerns for India operations: Jyotiraditya Scindia.

*    Merchandise exports to hit 107.5 billion $ in Q3: India Exim Bank.

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