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STOCK MARKET UPDATES 06/12/2024



 

*    BharatPe launches an offering to protect users from digital transaction fraud.

*    As tariffs loom, Gillette razor-maker P&G sources more steel from India.

*    Apple's iPhone sales hit 10.7 billion $ in India, overtakes Samsung for 2nd year.

*    India sugar prices hit 18-month low, mills struggle to make cane payments.

*    Farm sentiments likely to cheer domestic tractor sales in H2 FY25.

*    Axis MF launches new fund that tracks NBFC's, housing finance sectors.

*    Oil prices are slightly ahead of the decision on supply cuts in the Opec+ meet.

*    NODWIN Gaming gets 64 crore Rs investment from parent Nazara Technologies.

*    Norway's Equinor, and Shell plan to form a UK oil and gas joint venture.

*    Fall of government leaves France without a clear path to cutting deficit: S&P.

*    Fairfax India will get an additional 10% stake in Bengaluru airport operator BIAL.

*    Foreigners buy 1 billion $ in bonds, betting on policy easing after GDP data.

*    Moody's revises global banking outlook to 'stable' from 'negative'

*    Support homegrown cybersecurity startups, MeitY secretary urges industry and government.

*    Honda will recall over 205,000 US SUVs over fuel leak concern: NHTSA.

*    UK electric vehicle sales surged 58% YOY in November, industry data shows.

*    The Government is open to an alternate financing model for MSME: Piyush Goyal.

*    Boosting engineering goods exports: Industry body EEPC India's recommendations to government.

*    Apple plans 1 billion $ manufacturing plant investment in Indonesia, minister says.

*    Russia's Rosneft investeFmynd 20 billion $ in India, government quotes Putin as saying.

*    Ericsson working on making network operations autonomous using GenAI agents.

*    Average housing prices are up in 23 major tier II cities; rates fall in 5 small towns: PropEquity.

*    NBCC arm HSCC bags work orders worth 599.35 crore Rs in Maharashtra.

*    Star and Manipal among worst insurers in claims settlement; SBI General leads pack.

*    Temasek-backed Star Agriwarehousing files DRHP for IPO with SEBI.

*    Nisus Finance Services IPO booked 18.92x on the second bidding day.

*    JLR UK sales are down 11% at 5,558 units vs 6,251 units (YoY).

*    Myntra announced a multi-year franchise partnership with NYSE-listed Abercrombie & Fitch Co.

*    Citigroup has launched new AI tools, Citi Assist and Citi Stylus, for 140,000 employees across eight countries.

*    China’s export ban on key minerals may have a silver lining for the US.

*    Swiggy plans fee hike for Instamart, eyes higher take rate from business.

*    Aurobindo Pharma unit Eugia gets USFDA nod for Pazopanib tablets.

*    High inflation likely to keep consumer demand muted in 2025: Kantar report.

*    Financing will be among the top business categories for Cars24: CEO Chopra.

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