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STOCK MARKET UPDATES 23/01/2025



 

*    HUL announces the demerger of Kwality Wall's ice cream biz into the listed entity.

*    UPI-enabled credit cards see 20% monthly growth and users average 40 transactions.

*    India's hiring was up 31% in December led by consumer electronics and manufacturing.

*    IESA projects 500 million $ investment in India's battery and mobility ecosystem.

*    Our capability centers turned into innovation hubs: Indian leaders at Davos.

*    India's 2nd largest market for the US in terms of tourist arrivals: Brand USA CEO.

*    Path beyond diesel engines depends on various factors: Cummins India Head.

*    EPFO added 1.46 million net members in November and new additions rose 4.88%.

*    Budget 2025: The ed-tech sector seeks tax relief and funds for AI-driven education.

*    NIIT MTS Q3 results: Net profit increased 9% to 61.7 crore Rs and revenue up 7%.

*    Tata Communications Q3: Profit rises 424% at 236 crore Rs and revenue up 3.8%.

*    JSW Steel Q3 Preview: Profit may plunge to 80% and EBITDA to drop 30% YoY.

*    EU's top diplomat backs Donald Trump's call to boost defense spending.

*    Hudco board approves exit from Ind Bank Housing.

*    NRAI calls on restaurants to adopt ONDC to counter 10-minute delivery by Zomato and Swiggy.

*    ECB policymakers line up behind rate cuts.

*    Zeelab Pharmacy raises 2.4 million $ from OTP Ventures.

*    The center will expand the network of stroke units across the country.

*    Avaada Group receives financial commitments worth 8,500 crore Rs for 9 projects.

*    China's Navy commission’s new-generation frigate as competition rises with the US and others.

*    ISRO dispatches crew module for the first uncrewed mission of Gaganyaan.

*    Polycab India Q3 results: PAT rises 11% YoY to 464 crore RS; stock down over 6%.

*    Japan Inc will struggle to follow SoftBank's lead and go big with Trump.

*    Sebi proposes a small ticket SIP with a minimum investment of 250 Rs per month.

*    HUL will list the demerged ice cream biz of Kwality Walls shares and the 1:1 ratio declared.

*    Reliance Consumer Products acquires jams and sauces brand SIL.

*    Industry body IH2A seeks increased budgetary allocation of 2.5 billion $ for NGHM in Budget.

*    BPCL Q3 Results: Net profit rises 36.85% yoy to ₹4649 crore.

*    NSE adds 1 crore investors in 5 months, surpassing the 11 crore mark.

*    BTL EPC Ltd Secures Back-to-Back Orders Worth ₹1200 crore from Adani Power and NTPC.

*    The government raises raw jute MSP by 6% to ₹5,650/ quintal.

*    HDFC Bank Q3 results: Net profits rise 2% YoY to ₹16,735.5 crore.

*    Bankers Pitch Up to 1 billion € Debt for Buyout of Karo Healthcare Sale.

*    Moody's Ratings change Bharti Airtel's outlook to positive and affirm Baa 3 ratings.

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