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STOCK MARKET UPDATES 03/12/2024



 

*    India's power consumption rises 5% to 125.44 billion units in November.

*    Coal India's total production increased by 2% to 471 million tonnes in April-November.

*    Block deal activity hits 6-month low at 25,669 crore Rs as markets wobble.

*    India's potential GDP growth is 6.5-7%, says CEA Nageswaran.

*    SBI planning to open 500 new branches across India in FY25: MoS Finance.

*    Tripura demands 135 crore Rs power dues from Bangladesh amid rising tensions.

*    Skoda targets sales surge in 2024 with new compact SUV Kylaq launch.

*    Commerce Ministry reviewing India-US trade relations amid Trump statements.

*    The Government deploys advanced tech to enhance oversight over retail fuel outlets.

*    CBDT extends the deadline to December 15 for taxpayers with overseas transactions.

*    Zepto CEO sees a clear path to IPO in 2025 with profitability in focus.

*    Insurance premiums may drop if GST Council decides to reduce taxes: FM.

*    O2 Power inks pact to supply 100 MW electricity to East Central Railways.

*    India exports organic food products worth nearly 450 million $ till November 25 of FY2025.

*    RBI lifts its supervisory restrictions on Sachin Bansal-led Navi Finserv Limited.

*    AIFF signs commercial rights agreement with Shrachi Sports and Sony Sports to telecast I-League matches.

*    RBI moves and asset quality to push NBFCs slow down asset growth to 15% in FY25, FY26: Crisil.

*    Up to 75% of GST revenue comes from the 18% slab: MoS Finance.

*    Indian SMEs see sustainability as a key driver for commercial success: DHL Express Global Sustainability Survey 2024.

*    India's wheat planting up 6.6%, rapeseed sowing drops.

*    Rupee remains one of the best-performing Asian currencies: MoS Finance.

*    MapMyIndia will spin off the B2C unit; CEO Rohan Verma will head a new venture.

*    MG will launch the Cyberster electric convertible in January, priced around 65-70 lakh Rs.

*    Prosus invests 80 million $ in supply chain finance startup Mintifi for a 10.6% stake.

*    Indian real estate attracts 75,500 crore ₹ investment from AIFs; highest among all sectors: Anarock.

*    Byju's insolvency: Riju Raveendran approaches NCLT to seek inclusion in the case.

*    Swiggy will take 10-minute food delivery to tier 2 and 3 cities.

*    India rates market signals easing, likely via liquidity, after weak growth data.

*    Global South not responsible for environmental damage: Piyush Goyal.

*    GreenLine partners with Flipkart to power greener supply chains.

*    KEC International has tailwinds of order wins, and financial leverage.

*    200 crore ₹ recovered from realtors to compensate homebuyers,500 crore ₹ more payable: MahaRERA.

*    Average housing prices hiked 11% in July-September in 8 cities, highest 32% rise in Delhi-NCR: Report.

*    Ambuja Cements partners with Coolbrook to cement manufacture with zero-carbon heating technology.

*    Building Apple products has become a side hustle for China’s biggest EV maker.

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