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STOCK MARKET UPDATES 24/01/2025



 

*    Wood Mac report said India, the US, and West Asia will add 100 GW of solar capacity in 2025.

*    Bank NPAs may dip to 2.4% by March 2025 despite retail stress: Fitch.

*    Net office leasing may rise 10-11% in FY25 across 6 major cities: Icra.

*    India and the UK renew five-year partnerships to strengthen health cooperation.

*    Master Builders Solutions targets 500 crore Rs annual turnover by 2028.

*    UltraTech Cement Q3 result: Profit down 17% at 1,470 crore Rs and revenue up 3%.

*    JLR owner says China's economic slowdown and local competition are hurting profits.

*    JSW Steel seeks syndicated loans of up to 900 million $ from international lenders.

*    Mazagon Dock confirms the MoD opened its bid for Project 75(1) and is negotiating for 3 more submarines under Project 75.

*    Reliance will invest 3.05 trillion Rs in Maharashtra and create 300k jobs.

*    BPCL sees March Russian oil intake down 20% as it awaits traders' offers.

*    India's digital economy will overtake agriculture and manufacturing by 2030: MeitY.

*    Blackstone partners with the Telangana government to develop a 4,500 crore Rs-Data Centre in Hyderabad.

*    Jindal India Renewable Energy scouts for acquisition to expand portfolio to 5 GW.

*    India will raise the farm budget by over 15%, the biggest increase in six years.

*    General Atlantic CEO says he is optimistic about the TikTok deal in the US.

*    Mahindra Lifespace acquires 8.2-acre land in Bengaluru for 1,000 crore Rs for housing projects.

*    US fintech firm Broadridge to boost India headcount by 26% in 3 years, top executive says.

*    JSW Defence signs MoU with Telangana for 800 crore Rs UAV manufacturing plant.

*    Indian exporters are chasing quick buck stung as rupee slide unravels exotic trades.

*    DPIIT inks pact with Apna to boost startup talent.

*    IREDA board approves fundraising of up to 5,000 crore Rs via QIP.

*    Nuvama-Cushman & Wakefield JV raises 1,700 crore Rs for investment in office assets.

*    Centre may upgrade IRCTC to Navratna status: CMD.

*    Maruti Suzuki will hike prices from ₹1,500 to ₹32,500 across models from February.

*    The government should announce an MF product like Budget 2013 to drive financial inclusion.

*    The government's 'Open Network for Digital Commerce' to drive India's next wave of entrepreneurial innovation: Report.

*    Karamtara Engineering files draft papers with SEBI for ₹1,750 crore IPO.

*    BBVA Set to Name New Internal Chief for Banco Sabadell Deal.

*    HSBC's payments app closure puts around 400 jobs at risk, source says.

*    Infra-Market raised over 120 million $ at a 2.7 billion $ valuation and tapped bankers for an IPO.

*    Sources said that ByteDance plans 20 billion $ in capex in 2025 on AI mostly.

*    Budget should announce tax cuts for individuals to boost consumption: Barclays.

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