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STOCK MARKET UPDATES 22/11/2024



 

*    Stable inflation is the bedrock for sustained growth: RBI Governor Das.

*    CIL will supply coal beyond the normative requirement to the non-regulated sector.

*    Goyal urges the industry to raise quality standards and appoint representatives.

*    Uniqlo India aims to increase local sourcing by 1k crore Rs sales mark in FY25.

*    Sebi abolishes 1% mandatory security deposit requirements in public issues.

*    ECBs net inflows rise to 7.9 billion $ in H1FY25 from 6.8 billion $ in H1FY24: RBI data.

*    Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom.

*    Ashok Leyland strengthens its retail presence in the east with a West Bengal outlet.

*    According to trade data, India's Russian oil imports were up 3.3% in October from September.

*    Hyundai Motor India will set up 2 renewable energy plants at the Chennai facility.

*    Insurtech firm Zopper raises 25 million $ to ramp up its digital infra.

*    BEML gets 246.78 crore Rs truck supply order from Central Coalfields.

*    CEA Nageswaran asks India Inc. not to seek protective cover for a weak currency.

*    Alibaba integrates e-commerce platforms into a single business unit.

*    Transport assets worth  400 billion USD in India exposed to climate hazards: Report.

*    Uber is in talks to invest in the US IPO of China’s Pony AI.

*    Mental health startup Veda Rehabilitation and Wellness projects 18 crore Rs revenue by FY 26.

*    Nokia will supply Microsoft Azure with datacenter routers, and switches for another 5 years.

*    India is to be insulated from trade war between US and China: Goldman Sachs.

*    Domestic airlines' fleet to touch 1,400 planes in 5 years.

*    Jio, Airtel, and Vi continue to suffer customer losses for a third time.

*    Asian Development Bank will provide 4.25 billion $ to Tata Power for clean energy power projects.

*    80% of equity mutual funds outperform respective benchmarks in October 2024.

*    Government may include e-commerce data, and expand coverage to calculate retail inflation.

*    Ola Electric laying off 500 employees in a restructuring move.

*    Vedanta Resources postpones planned dollar bond offering: Report.

*    Belrise Industries files draft papers with SEBI to raise 2,150 crore ₹ via IPO.

*    Lemon Tree’s renovation drive leaves little room for re-rating.

*    Focus on bringing in good partners and not maximizing valuations: Peyush Bansal.

*    Byju’s founder was accused of trying to regain the firm with hidden cash.

*    Elon Musk’s startup xAI was valued at 50 billion $ in the new funding round.

*    Tiger Global-backed Moglix to boost sustainable packaging biz with 80-crore ₹ buy.

*    Natco Pharma submits ANDA with USFDA for Risdiplam for oral solution.

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