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STOCK MARKET UPDATES 04/02/2025



 

*    India's rating upgrade challenge as debt woes trump fiscal prudence: Fitch.

*    India's average customs duty cut to 10.6%, now moving towards Asean level: CBIC.

*    Shriram General Insurance Company expects 4,500 crore Rs GWP in FY26.

*    Budget's MSME and manufacturing push boosts the paper sector; imports are a concern.

*    White-collar hiring was up 4% in January, driven by the FMCG, pharma, and insurance sectors.

*    India and the UK will resume talks on the proposed trade agreement from February 24: Official.

*    Budget 2025: Strategic petroleum reserves see 5,597 crore Rs allocation boost.

*    Nissan Motor India will export 10,000 LHD units of New Magnite by February.

*    SoftBank and OpenAI set up a joint company to push AI services in Japan.

*    Paytm will acquire a 25% stake in Brazil's Seven Technology for 1 million $.

*    20K crore Rs for research, AI, and geospatial initiatives to drive R&D: Industry.

*    Tariff war with US likely to put Canada into recession said economists.

*    Sectoral & international mutual funds lead the return chart in January, offering up to 14% gains.

*    Mahindra Lifespace bags 950 crore Rs redevelopment project in Mumbai.

*    CreditAccess Grameen raises 50 million $ debt from IFC.

*    Tax relief to middle class likely to benefit steel sector: ISA.

*    Veeda Clinical Research refiles draft IPO papers with Sebi.

*    Tata Group's TCS gears for BSNL's 5G upgrade.

*    Ashok Leyland sales rose 8% in January.

*    GST rate rationalisation needed: Finance Secretary Tuhin Kanta.

*    Airtel's Gopal Vittal was named as acting chair of the GSMA board.

*    Skoda Auto Volkswagen India moves Bombay HC over 1.4 billion $ tax notice.

*    Divi's Labs Q3 Results: Cons PAT jumps 64% YoY to 589 crore Rs and revenue is up 25%.

*    Jewar airport will start regular operations from April: Civil Aviation Minister.

*    States should engage with the Finance Commission to get grievances on tax devolution redressed: FM.

*    India's manufacturing growth hit a six-month high in January: HSBC PMI survey.

*    High court sets aside arbitral award against NTPC in dispute with Jindal group.

*    RBI's sovereign bond holdings to be treated at par with the market: Report.

*    Centre will sustain capex: Expenditure secretary Manoj Govil.

*    Rupee volatility may impact trade, but it is a free-float currency: Finance secretary.

*    Budget gave non-inflationary stimulus to the economy, will push growth: Finance Secretary.

*    Foreign investors withdraw 87,300 crore Rs from Indian equities in January.

*    Insurance reforms: The government will further relax foreign investment rules.

*    Macrotech Developers are exploring to enter Delhi-NCR housing market: MD Abhishek Lodha.

*    Investing via UPI: Daily transaction limit to be raised to 5 lakh Rs from 2 lakh Rs.

*    US energy producer Talos set to name Shell's Goodfellow as next CEO said sources.

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