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STOCK MARKET UPDATES 16/01/2024



 

*    ITC Hotels plans to expand business internationally post-demerger.

*    NPCI International and UAE fintech partner will enable UPI for Indian travelers.

*    Tata Motors integrates artificial intelligence for vehicle safety.

*    India Inc's foreign borrowings declined 20.2% in CY2024 amid the rupee fall.

*    Germany's economy shrinks for the second consecutive year in 2024 amid the election.

*    Oriental Hotels Q3 results: PAT down at 13.99 crore Rs and revenue surges 20%.

*    The Government should aim for 11 trillion Rs capex and give relief to taxpayers in Budget: ICRA.

*    CCI's ruling can force the rollback of features, hurt business, and warn Meta.

*    Vedanta Resources raises 1.1 billion $ through dual tranche bond issuance.

*    EcoZen raises 23 million $ from Northern Arc Capital, responsibility, and others.

*    DPIIT signed an agreement with ITC to help startups in the manufacturing sector.

*    India and Oman are looking to finalize comprehensive trade and investment deals soon.

*    India's fiscal conditions to constrain credit strength in 2025: Moody's.

*    Alembic Pharmaceuticals gets USFDA nod for generic antidepressant tablets.

*    India's restaurant industry shows signs of recovery; International brands will have an edge: Report.

*    Haveus Aerotech gets DGCA approval for cargo handling-related equipment maintenance.

*    BlackRock assets hit a record 11.6 trillion $ in the fourth quarter of 2024.

*    Jio Finance is in talks with lenders for a maiden debt sale.

*    Bank of Maharashtra Q3 Results: PAT jumps 36% YoY to 1,406 crore Rs and gross NPAs drop 24 bps.

*    India poised to become world's 4th largest economy by 2026; GDP to grow 6.8% in FY25: PHDCCI.

*    Spacetech startup OrbitAID raises 1.5 million $ led by Unicorn India Ventures.

*    Skincare brand Foxtale raises 30 million $ led by Japanese beauty firm Kose Corporation.

*    International Battery Company will commence production at its 'Giga Factory Unit' in Bengaluru in 9 months.

*    IEA trims oil-demand outlook, but still expects stronger growth this year.

*    Green investments will rise 5x to ₹31 trillion through 2030: Crisil.

*    India's trade deficit declines to 21.94 billion $ in December.

*    India’s earnings growth mojo over emerging market peers is waning.

*    India will see more investments in 2025 as PEs look to deploy dry powder.

*    DHL Group will add 30% freight capacity in India.

*    Equentis looks to launch a Category II debt fund for small-town clients.

*    Mutual funds boost holding in Paytm to an all-time high in the December quarter.

*    J Kumar Infra receives the letter of award for the project worth ₹1,073 crore from NBCC.

*    US importers rush goods from China as Donald Trump's tariff threat looms.

*    Institutional investments in real estate jumped 61% in 2024; see challenges this year: Vestian.

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