Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 25, 2024

• News Headlines from Business News Agencies:
• Business Standard
• Bharat Biotech moves to add ICMR as co-owner in Covaxin patent filings
• Byju's moves Karnataka HC against NCLT order barring second rights issue
• Tata Steel hopes to conclude agreement with Dutch government this fiscal
• Export projection for FY25 underway, working on ease of doing biz: DGFT
• India's FMCG sector continues to be strong, says HUL's Nitin Paranjpe
• May oil imports: Russia at record high, Saudi lowest in 10-month
• Retail inflations for agricultural, rural workers remain almost flat in May
• Centre to announce results of maiden critical minerals blocks on Monday
• Forex reserves drop $2.92 bn to $652.89 bn for week ended June 14
• China asks Visa, Mastercard to reduce bank card transaction fees: Report
• Akme Fintrade IPO gets nearly 54 times subscription on last day of bidding
• Market regulator Sebi's price discovery framework puts shade on holdcos
• Rice exporter GRM Overseas to raise Rs 136.5 cr via issue of share warrants
• Economic Times
• India's electronic manufacturing may reach USD 500 bn by 2030: CII report
• Commerce min engaging with different departments on India, Korea FTA upgrade talks: Official
• Fintech sector will dominate future Unicorns at USD 58 billion: Hurun report
• Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, others
• Zepto’s mega fundraise; Oyo funding gets shareholder nod
• Vi completes minimum 5G rollout requirements
• SoftBank gets promoter tag in Unicommerce’s IPO filing
• Get InvITs under purview of bankruptcy law: SBI MD
• Prestige Estates board approves Rs 5,000 crore fundraising plan via QIP or other modes
• Former RBI DG Mundra asks regulators to 'introspect' after recent instances of unease, rulings
• Unity Small Finance Bank inks pact to acquire office space worth Rs 393 crore
• BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters
• Armee Infotech files papers to garner Rs 250 cr via IPO
• Mint
• India to hold auction for spectrum worth ₹96,318 crore on Tuesday
• India plans to reduce wheat import duty from July in a bid to cool prices
• Centre likely to issue green bonds worth over ₹25,000 crore in FY25
• India plans global trade promotion body for MSME exports
• Dividend bounty: Finance Minister receives ₹6959.29 crore from SBI for FY24
• Hinduja Group begins bond sale to raise ₹7,300 cr for Reliance Capital: Report
• Accenture secures GenAI orders worth $2 billion in first nine months of FY24
• Atal Pension Yojana enrolments see record 12 mn additions in FY24
• FSSAI plans 24-hour licence issuance for traders, distributors
• Digital camera market is too small for local manufacturing, says Nikon India MD
• Zepto's ad revenue, loyalty programme rev up growth as quick commerce booms
• SoftBank chief rues selling Nvidia stake and missing out on $150 billion
• 'Flipkart Minutes' to enter q-commerce market in July, rivalling Blinkit: Report
• InsuranceDekho appoints Avendus to help raise around $150 mn
• Fulcrum LNG named to help Guyana develop its natural gas resources.
• News Headlines from Business News Agencies:
• Business Standard
• S&P Global Ratings retains India's growth forecast for FY25 at 6.8%
• From 1% deficit in Dec, current account 0.6% in surplus in Q4: RBI
• Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media
• Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L
• WeWork's exit from India unit unlikely to impact domestic co-working market
• Centre imposes stock holding limit on wheat; says no shortage anywhere
• Fast fashion retailer Shein filed for London listing in early June: Report
• Sun Pharma completes Taro merger, acquires all outstanding shares
• Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram
• Oyo opens first luxury hotel in Dubai, eyes boosting premium properties
• Govt cancels 14 critical mineral block auctions launched in second tranche
• Trade bodies ask Rajasthan govt to focus on ease of doing business
• Economic Times
• SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday
• Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
• Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in 2024-25
• Scepticism drives EVs to a disadvantage over ICEs when it comes to financing
• IBJA appoints Aksha Mohit Kamboj as Vice President
• Adani group firm Ambuja Cement bags 24 limestone mines in FY24
• India buys record amount of sunflower oil as Ukraine-Russia fight for market share cuts price
• Route Mobile enables WhatsApp ticketing for Nagpur, Hyderabad, Pune metro services
• DGTR for continuation of anti-subsidy duty on certain type of steel pipes, tubes from China, Vietnam
• RBI urges banks to address credit gaps for underserved sectors
• Shoppers Stop aims to open 60 new INTUNE stores in FY25
• Mint
• India's CAD reduces to 0.7% of GDP, records surplus of 0.6% in Q4: RBI
• Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
• Govt’s generic pharmacy stores to stock top 200 medicines round the clock
• Masdar, AIIB, Sojitz, Mitsubishi, Gentari, IFC eye Hygenco stake in $400 mn deal
• Apple charged with breaching EU tech rules, faces another probe
• Ujjivan SFB’s investors appear focused on short-term challenges
• Paytm joins hands with Skyscanner, Wego, GoogleFlights as it eyes expansion
• Prosus gives up on Byju’s, writes off its entire investment in the online tutor
• Sony Pictures Networks India appoints Disney Star’s Gaurav Banerjee as MD, CEO
• JSW Energy subsidiary wins wind-solar hybrid project
• Indian steel exports struggle against China's ultra-cheap shipments