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STOCK MARKET UPDATES 04/12/2024



 

*    Rajya Sabha passed the bill to boost oil and gas exploration investment.

*    Festivals lift India's edible oil imports to a four-month high in November.

*    TCS will modernize the Bank of Bhutan's digital system and improve customer service.

*    Japanese firms eager to set up semiconductor units in India: Deloitte.

*    Electronics component manufacturers eye government support in Budget 2025.

*    Fintech firm MODIFI targets to finance 5,000 SMEs in the next 2-3 years.

*    India sees 92,000 patent filings in FY24, IP guidelines set for overhaul.

*    Crisil upgrades the rating for Vedanta's long-term debt instruments to 'AA'.

*    China announces ban on Germanium and Gallium exports to the US in a tit-for-tat move.

*    Tata Power subsidiary commissions 431 MW DC solar project in MP.

*    Canara Bank increases fixed deposit rates and offers up to 7.90% interest.

*    Nomura has room to cut further 187 million $ in costs: CEO Kentaro Okuda.

*    Indian airlines may have a 2,000-3,000 crore Rs loss this fiscal even as more passengers rush to fly.

*    Lectrix EV looks to raise 100 million USD to fund future growth.

*    Government is not considering PSU bank merger: MoS Finance.

*    BlackRock will buy HPS Investment for 12 billion $ in a major private credit push.

*    Hyundai Motor Group ties with IITs to advance battery and electrification research.

*    Karman Drones and TCL join hands to co-develop UAV solutions.

*    Amagi acquires Argoid AI to address challenges in the streaming industry. 

*    Indian tea prices surge 18% amidst a decline in production.

*    Warehousing construction cost surges by 6.7% in India.

*    Russia approves 320 million $ sale of Carlsberg assets to local businessmen, the document shows.

*    Novo Nordisk India execs urge early Wegovy launch as weight-loss rival looms.

*    Russia's crude oil and LNG shipments to Asia slip slightly in 2024: Russell.

*    Godrej Properties raises 6K crore ₹ via QIP mainly to acquire land for future development.

*    Swiggy Q2 Results: Net loss narrows to 625 crore ₹ in first earnings post IPO.

*    Demat accounts reached 179 million even as new additions declined to 3.5 million in October.

*    Voda Idea's revenue market share falls to an all-time low in Q2FY25.

*    Quant hires mutual fund industry outsider as next CEO.

*    Captain Fresh is in talks to raise up to 100 million $ from new and existing investors.

*    Nigeria Raises 2.2 Billion $ in First Eurobond Issue Since 2022.

*    SpaceX weighs tender offer at roughly 350 billion $ valuation.

*    The 2024 Honda Amaze will launch tomorrow with a bold new look and advanced technology.

*    Microsoft faces 1.27 billion $ antitrust lawsuit over cloud services in UK.

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