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STOCK MARKET UPDATES 05/12/2024



 

*    Indian arms makers in Top 100 log 6.7-billion $ 2023 revenue, up 6%: Sipri.

*    Akash Systems wins a 27 million $ contract from NxtGen to provide cooling servers.

*    Suzlon and Jindal Renewables expand partnership with new wind power project.

*    Kotak AMC is set to enter AIF space; to launch a 2,000 crore Rs private credit fund.

*    Reserve Bank likely conducts dollar-rupee swaps to support the currency.

*    Oil prices edge higher on imminent Opec+ decision and geopolitical turmoil.

*    Price 'not only a game' in the paints industry; brand important: Berger CEO.

*    Moglix signs initial pact with DPIIT for manufacturing incubation program.

*    Oyo's premium hotel brand 'SUNDAY' launches its first international hotel.

*    About 15 trillion Rs are required to add power generation capacity in 2022-27.

*    Alembic Pharma gets tentative USFDA nod for Olopatadine drug.

*    Indian steel mills struggle as cheap Chinese imports flood the market.

*    India's external debt rises by 31 billion $ to 647 billion $ in 2023: World Bank report.

*    OECD raises India’s FY25 growth forecast to 6.8%.

*    Axis Securities pays 14.62 lakh Rs to settle a front-running case.

*    General Atlantic will buy UK's Learning Technologies for 1 billion $.

*    Indraprastha Gas will consider bonus share issuance in the December board meeting.

*    Meja Urja Nigam board approves first dividend of 350 crore Rs for FY25.

*    LTTS bags 50 million $ deal from US telecom operator.

*    Star Cement denies reports of acquisition talks with Adani Group.

*    Century real estate targets 2,000 crore Rs sales in FY25 and its report record growth.

*    Royal Enfield commences operations at the Thailand-based CKD plant.

*    Focus on adding general coaches, not AC coaches to the railways' fleet: Ashwini Vaishnaw.

*    DGCA will streamline norms for Indian airlines' wet-leased plane operations.

*    Bharti Airtel extends multi-year 4G and 5G network extension deals to Ericsson for India operations.

*    India has seen limited success in capturing the China Plus One strategy: NITI Aayog Report.

*    Greenzo Energy and EODev partner will market hydrogen fuel cell power generators in India and Nepal.

*   Vodafone UK Vodafone to sell a 3% stake in Indus Towers for 2,841 crore ₹ to clear debt and part payment of VI dues.

*    Honda Amaze 2024 facelift debuts in India and price begins at 8 lakh ₹.

*    India’s services sector growth falls marginally in November.

*    Medusa Beverages looks to raise 120 crore ₹ for new beer plant in FY26.

*    NTPC is in talks with EDF, Rosatom, and Westinghouse for developing small modular reactors.

*    Cyient DLM & Arcedo Systems signs MoU to establish a 500 kW solar power plant at the Mysore facility.

*    The Government will launch a portal to ease the regulatory burden on traders and protect consumers.

*    Citigroup Faces 26 Million $ in Losses on Australian Block Trade.

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