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STOCK MARKET UPDATES 18/11/2024



 

*    PSB is set to launch the MSME credit model this month and reveal the document.

*    India's smartphone exports surpassed the 2 billion $ mark in October and set a new record. 

*    Manufacturing slump will likely hit India's Q2 GDP growth to a six-quarter low.

*    The Pharma industry expo will be held in Greater Noida from November 26-28.

*    Targeting India revenue of 1 billion euros in 3 years: Aliaxis' Thierry Vanlancker.

*    Weak urban demand weighs on FMCG firms in Q2 despite rural market recovery.

*    India's box office collections drop 7% to 8,951 crore Rs in January-October 2024.

*    India's FTAs are not paused and all talks progressing as per schedule: Official.

*    India's startup ecosystem sees rebound and late-stage deals take the lead.

*    Nvidia's new Blackwell AI chips face issues with overheating servers.

*    Bank of India will start the wealth management business by March 26: CEO & MD Karnatak.

*    Hyundai bets on CNG vehicles and sees rising demand in rural and urban India.

*    Cedar-IBSi Capital will fund 10-15 startups in the fintech sector.

*    Prestige Estates will launch  52,000-crore Rs housing projects by March 2025 amid strong demand.

*    FPIs reduce the pace of selling in Indian equities in two weeks of November.

*    Fine Acers aims to raise 5,000 crore Rs in assets under management.

*    Sirius India Airlines looks to raise 100 million USD for expansion.

*    World Economic Forum Davos meet to focus on 'collaboration for intelligent age', over 100 from India attend.

*    Retail tomato prices drop 22.4% on improved supplies: Government.

*    Food inflation will moderate in the next 2 quarters and expect double-digit revenue growth in H2: Marico.

*    RBI report states that Municipal corporations need to impose adequate user charges to provide better facilities.

*    Ritesh Agarwal will invest 550 crore Rs to increase his shareholding in Oyo.

*    Anil Ambani's Reliance Group sets up the center to helm the 2030 growth strategy.

*    India is a “strategic market” for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India.

*    WestBridge will float a general insurance JV with Neelesh Garg.

*    ACME Sun Power gets a 3,753-crore ₹ loan from REC for wind and solar power projects.

*    India calls out rich nations for stalled climate finance and mitigation work.

*    Zee Entertainment boosts targets for MD Punit Goenka ahead of reappointment vote.

*    Macrotech will scale the digital infrastructure biz on its own, and give investors an exit.

*    Amazon India is moving its headquarters to Bengaluru to save costs.

*    Indian edtech startups niche down into nursing and allied healthcare upskilling.

*    The Indian Smartphone Market Grew 6% YoY in Q3 2024 a visual story.

*    Sebi can do more to dissuade retail speculation in futures and options.

*    Zepto's cash burn crosses 250 crore ₹ a month on rising costs: Report.

*    RCEP benefit is minimal for India due to China's opaque trade practices: GTRI.

*    India can save 10 billion USD annually by expanding insurance penetration: McKinsey report.

*    Coal India arm NCL plans to relocate a township in MP for 600 MT of mineable coal underneath.

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