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STOCK MARKET UPDATES 25/11/2024



 

*    Major port cargo contracts by 3.2% to 68.22 MMT in October, shows data.

*    Bank of India plans to raise 5,000 crore Rs via 10-year infra bonds.

*    Urban demand needs an upward spiral: ITC Executive Director Bhargavan.

*    FMCG distributors write to the Finance Ministry on quick-commerce practices.

*    India-dedicated fund outflows hit the largest since June 2022: Elara Capital.

*    According to the Niti report, the government should add coking coal to the critical minerals list.

*    NGEL will invest 2 trillion Rs in Andhra for renewable energy projects.

*    SBI launches low-cost tailored vehicle loans for Uber's fleet partners.

*    Raymond receives NOC from exchanges for demerger of its realty business.

*    Flipkart's Binny Bansal steps down from fintech major PhonePe board.

*    Government extends deadline for electric construction equipment safety compliance.

*    Advent agrees to sell Manjushree Technopack to PAG for nearly 1 billion $.

*    After Mercedes, BMW India announced a price hike of up to 3% from January.

*    India's 26 major listed realty firms sell 35,000 crore Rs worth of properties in Q2; Godrej Properties at top.

*    India Inc’s interest cover weakens in Q2 amid slowing revenue and profit growth.

*    FSIB recommends Binod Kumar for the post of Indian Bank MD & CEO.

*    CCI rejects Apple's request to put the antitrust report on hold.

*    Central Bank of India gets RBI nod to enter insurance biz through JV with Generali group.

*    AkzoNobel India approves selling the company's immovable properties.

*    Sony bags Asian Cricket Council media rights till 2031.

*    Centre readies Technology Collaboration Portal to bridge chemical makers and research institutions.

*    Trai asks telcos to publish coverage maps on websites.

*    German GDP downgraded in new blow to struggling economy.

*    Hyundai recalls over 145,000 electrified US vehicles on the loss of drive power.

*    Centre releases 15th Finance Commission grant for rural local bodies in Karnataka.

*    India's food processing industry spurs FMCG fresher jobs hiring; rising to 32% in H2FY24.

*    Finance COP fails to offer adequate finance to developing countries for climate.

*    India announces 5 billion $ incentive to boost electronics manufacturing.

*    Demand from Europe fuels recovery in Indian textile exports.

*    IIFCL seeks infra tag for the space sector and is keen to finance satellite vehicle manufacturing: MD.

*    Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries.

*    Mumbai and Delhi lead the surge in demand for luxury residential properties in APAC.

*    The services sector boosts business activity as manufacturing growth slows in November.

*    India at CoP-29: Push for climate finance and strengthen domestic sources.

*    Zepto raises another 350 million $ in the third fundraiser in six months.

*    Bulk drug makers will benefit from price stability but must improve efficiency.

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