Monday 8 July 2024

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*News Headlines from Business News Agencies :*

*Business Standard :*

Union Budget 2024: FM Nirmala Sitharaman set to present Budget on July 23

FY24 defence production grows 17% to record high of Rs 1.27 trillion

LIC pares stake in top conglomerates in FY24; value up to Rs 4.39 trillion

India plans geological mapping and mineral exploration in Zambia

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Indian pharma firms seek govt tax reliefs, incentives to spur innovation

Top line can grow to Rs 2.5 trn in 5-10 yrs if executed well: Zepto CEO

Coforge buys 17% stake in Cigniti Technologies for Rs 645 cr via block deal

FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings

Drone deliveries to revolutionise quick commerce in urban areas by 2027

Time needed to achieve 2% inflation target: NY Fed's John Williams

Foxconn Q2 revenue beats market forecast on high AI server demand

Sebi issues guidelines to streamline operations of credit rating agencies


*Economic Times :*

Signature Global reports Rs 3,120 crore pre sales in Q1 FY25 with 255% YoY growth

India, UK to hold next round of talks on proposed trade agreement this month

Truck aggregator BlackBuck files for IPO, to raise Rs 550 crore

BoB loan book grows 8% in Q1; IndusInd's net advances up 16%

TRAI may offer some leeway on service quality rules to telcos

ONGC Videsh to raise USD 800 million from 3 banks

Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns

Torrent Power seeks shareholders nod to raise up to Rs 5,000 cr via equity shares

UPI usage surges in India on the back of small businesses

India will fail to plug jobs gap even with 7% growth, says Citi

Zepto is hyperlocal Walmart of India, will focus on top 40 cities: CEO Aadit Palicha

At $4.2 billion, Q2 2024 IPO size records its highest growth in 2 years

FPIs start July as net buyers of Indian equities, invest Rs 7,962 crore in opening week


*Mint :*

Nykaa Q1 update: Revenue growth likely at 22-23% YoY, GVM growth to be lower

NLC India emerges as successful bidder for Machhakata Coal Mine in Odisha.

LIC-owned Integra Essentia approves amalgamation of GG Engineering

Big banks are taking hits from commercial real estate

Sovereign funds flock to India with mega moneybags even as FIIs, PEs remain wary

Bhavish Aggarwal launches Ola Maps as alternative to Google Maps

RBI imposes penalty on 5 banks for regulatory non-compliance: Report

Dabur sees improvement in demand, rural growth in Q1FY25

Bhavish Aggarwal launches Ola Maps as
alternative to Google Maps

European academy aims to ramp up pilot training in India

CignitiTechnologies appoints Pankaj Khanna as executive director for 2 years.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*Fund Houses Recommendations* Macquarie on *JSW Steel:* Upgrade to Outperform on Company, raise target price at Rs 1077/Sh from Rs 884/Sh...