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STOCK MARKET UPDATES 09/12/2024



 

*    SBI looks to sell 2,732 crore Rs of bad loans in ARSS Infrastructure Projects. 

*    Lockton aims to double business outside the US in 4 Years, says CEO Chris Brown.

*    API cyberattacks dominate as India sees record 1.2 billion hits in Q3.

*    Hotel asset management companies make room for international brands.

*    U'khand will impose green cess on out-of-state vehicles; EVs and bikes are exempted.

*    CII urges the government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25. 

*    Fintech firms embrace AI for credit, payments, customer insights, and more. 

*    Total recycling units in India reach 295; highest in UP, followed by K'taka. 

*    Mergers & acquisitions came back and are up 13.5% till November 2024. 

*    Mumbai's infrastructure revamp takes center stage as the new government takes charge.

*    Yum! Restaurants India FY24 results: Profit at 162 crore Rs, income up 13%.  

*    Electronics component makers seek 72,500 crore Rs financial package to cut reliance on imports. 

*    Ant Group's President Han will become CEO in March; Jing will be chairman.

*    Myntra profited in FY24, and revenue jumped 15% to 5,122 crore Rs.

*    Insurance Amendment Bill proposing 100% FDI unlikely in the winter session. 

*    Companies whose HY25 profits surpassed FY24 levels beating slowdown. 

*    Natural gas prices hovering near a 1-year high as peak winter season approaches. 

*    Aadhar Housing Finance aims for an AUM of over 25,000 crore Rs by March 25. 

*    Aligning Indian auditing with global standards to boost investor confidence and attract more funds: NFRA chief. 

*    NCLT asks two Tata NBFCs to seek a merger nod from stakeholders. 

*    Battery innovations may boost the e-car revolution in the sub-20 lakh ₹ segment. 

*    The Indian unit of LG Electronic launched a new rental business for it's appliances. 

*    Air India Express-AIX Connect merger will drive long-term sustainable profitability: MD Aloke Singh. 

*    Lemon Tree Eyes shared loyalty alliances with international hotel chains. 

*    Government asks lenders to hold off on insolvency for MTNL.

*    Norway plans to ratify the India-EFTA trade pact next year. 

*    Government plans to decriminalize MSMEs’ minor defaults. 

*    Cars will get expensive in January as OEMs announce price hikes.

*    Poonawalla Fincorp CTO Dhiraj Saxena steps down and cites harassment from CHRO. 

*    FDI inflows to India surpass 1 trillion $, with investment set to rise in FY25. 

*    Easy Trip Planners enters into definitive agreements for three acquisitions. 

*    EV maker VinFast to build second production plant in Vietnam.

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