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STOCK MARKET UPDATES 20/01/2024



 

*    India's current economic environment is conducive to private investments: CII. 

*    Rupee REER declined in December after the November peak showed RBI data. 

*    South Korean auto major Hyundai partners TVS to roll out e3Ws and micro 4Ws. 

*    Private sector banks' credit costs increased in Q3FY25 on higher provisions. 

*    Indian organizations are mature about cybersecurity: Sophos CTO Aaron Bugal. 

*    VinFast will make India its export hub with a 2 billion $ Thoothukudi facility. 

*    The Finance Ministry department will meet business correspondents and banks next week. 

*    AM/NS India advances value-added steel expansion with a new Hazira facility. 

*    India targets 250 billion $ of engineering exports by 2030 said Commerce Secretary. 

*    Domestic composite materials industry will touch 2.8 billion $ mark by 2030: Report. 

*    CapitaLand announces 450 crore Rs investment in new IT park in Hyderabad.  

*    NCLT directs liquidation of Tulip Hotels as it fails to get a bidder within the prescribed timeline. 

*    Long-term perspective on tax structure to aid product development: Skoda official. 

*    The Government will likely provide incentives for local manufacturing of high-end electric vehicles.  

*    Keen to have manufacturing in India, visa issue not affecting operations: BYD. 

*    India is not seeking duty concessions on liquor and cigarettes in FTA with Oman: Sources.  

*    Sarala Aviation unveils the prototype for India's first air taxi; Aims will launch in 2028. 

*    Delhi-NCR sees the highest 30% increase in housing prices during 2024 among the top 7 cities: Anarock. 

*    Burmans' Religare open offer to acquire an additional 26% stake to start on January 27. 

*    Purabi Dairy sells over 2 lakh liters of milk and milk products during the Magh Bihu festival in Assam.  

*    Private investment and job creation likely to rise in FY26 said the industry body. 

*    The government mulling a proposal to waive AGR dues for telecom companies: Report.

*    India and the EU lay a roadmap to strengthen trade and investment. 

*    Bharat Mobility Global Expo 2025: Honda Activa e-scooter launched in India. 

*    Non-bank lenders form priority sector lenders’ bodies to plug MSME loan shortfall. 

*    India plans to export 1 million tonnes of sugar to handle the domestic stock surplus. 

*    AESL order book swells to ₹54,700 crore. 

*    IndusInd Bank CFO Gobind Jain resigns and Arun Khurana will take over on January 21. 

*    Punjab & Sind Bank will raise ₹2,000 crore via QIP this quarter: MD & CEO Swarup Kumar Saha. 

*    Budget FY26: The Government could cut customs duty on raw materials to boost manufacturing. 

*    UK Market Turbulence Pushes Mortgage Costs to Five-Month High.

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