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STOCK MARKET UPDATES 26/12/2024



 

*    Banks' average daily reserves fall after FIT framework: RBI report.

*    Cotton growers' body seeks 500 crore Rs for drip irrigation in rainfed areas. 

*    The Government reforms must start at the grassroots level: Union Minister Jitendra Singh.

*    In a first, micro-insurance premium in the life segment tops 10k crore Rs in FY24.

*    PPI wallets registered a 20% drop to 1.14 billion in November, according to RBI data.

*    Arunish Chawla named revenue secretary, Vineet Joshi will be the higher education secretary.

*    China issues 19 million metric tons of fuel under 2025 1st batch export quota.

*    The Government launches 10k agri cooperatives, aims for 200k target in 5 years: Shah.

*    Metropolitan Stock Exchange will raise 120 crore Rs in a fresh attempt at revival.

*    Improved efficiency and demand helped hospital chains make gains in 2024.

*    IndiGo expects to carry 112 million passengers in 2024: CEO Pieter Elbers 25 Dec 2024 06:45 PM IST.

*    J&K Bank appoints Amitava Chatterjee as its new MD.

*    RBI study said that the depreciation of rupees helps exports more than the appreciating currency helps imports.  

*    Russia is using bitcoin in foreign trade, finance minister says. 

*    N. Srinivasan resigns as CEO, and MD of India Cements.

*    Honda, Nissan deal may be key in the fight against China’s BYD.

*    FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025. 

*    India's GDP to stay at 6.5% in FY25 & FY26 provided the government accelerates capex in the rest of the year: EY. 

*    India's insurance penetration declines for the second consecutive fiscal year.  

*    KKR, Bain bids ranged from 4.8 billion $ to 7.6 billion $ for Seven & i assets. 

*    The government is needed to improve quality spending and cut fiscal deficit to 4.5% in FY26: FinMin.

*    Indian Railways eyes modernization in Union Budget 2025-26. 

*    Ola Electric opens 3,200 new stores and launches a limited-edition S1 Pro Sona model.

*    Russia's domestic LPG prices will halve in December following the EU embargo on exports.

*    EPFO membership surges with 1.34 million net additions in October. 

*    Nike’s strategy for a turnaround needs the second shoe to drop. 

*    Honda-Nissan potential merger raises questions about timing. 

*    To pick a minority stake, Hisense will talk with contract manufacturer Epack Durable. 

*    MahaRERA implements homebuyer-friendly policies to boost real estate confidence.  

*    China accounted for 80% of global EV sales growth in 2024: IEA report.

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