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Скачать или смотреть WHAT WILL BE THE FUTURE OF TATA GROUP!! Indian Stock markets

  • Aism India
  • 2024-10-14
  • 5677
WHAT WILL BE THE FUTURE OF TATA GROUP!! Indian Stock markets
Indian Stock marketsmarket updatesFuture of TataNoel TataSir Ratan tataGovernment PolicyMarket updatesBiggest market updatesTata GroupsHindunburg reportsStock market newsRBI PolicyHyundai IPOBiggest IPO updates
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Here’s a shortened version of all 10 news stories, converted into English:

1. Noel Tata Becomes Chairman of Tata Trusts
After the passing of Sir Ratan Tata, Noel Tata, his half-brother, has become the Chairman of Tata Trusts. Noel has been a significant figure in Tata Group’s growth since joining in 1999. He expanded Trent Ltd from 1 to 900 stores and increased Tata International's turnover from $500 million to $3 billion.

2. Hyundai India Launching Biggest IPO
Hyundai India is set to launch India’s biggest IPO, worth ₹27,870 crore, from October 15 to October 17. The price range is ₹1,865 to ₹1,960 per share. The company plans to invest ₹32,000 crore over the next 10 years, with ₹6,000 crore for a new Pune plant to increase manufacturing capacity.

3. TCS Announces Q2 Results
TCS reported a 4.9% rise in net profit to ₹11,909 crore for Q2 FY25. Revenue grew by 7.6% YoY to ₹64,259 crore. The company also announced a ₹10 per share second interim dividend and added 5,726 employees, bringing the total workforce to 612,724.

4. Tata Elxsi Q2 Results
Tata Elxsi’s net profit grew by 15% to ₹229 crore, and revenue rose by 8% to ₹955 crore. The transportation business contributed 55.7% of the revenue, showing a 16% YoY growth, with strong partnerships in India, Japan, and emerging markets.

5. Defense Stocks Rally After ₹80,000 Crore Deal
Defense stocks like HAL, BDL, and BEL saw a 4% rise after the government approved ₹80,000 crore worth of defense deals, including 31 Predator drones and two nuclear-powered submarines. Larsen & Toubro will play a major role in these projects.

6. India's Textile Sector Set to Reach $350 Billion by 2030
India’s textile sector is expected to grow to $350 billion by 2030, driven by government support and investments under the PM MITRA Park and PLI Scheme. The sector saw an 11% YoY growth in textile exports.

7. Hindenburg Accuses Roblox of Fraudulent Practices
Hindenburg Research accused gaming platform Roblox of inflating user metrics and being unsafe for children, with allegations of inappropriate content. Analyst Michael Pachter from Wedbush Securities found the report interesting but argued that Hindenburg misunderstood the gaming industry.

8. Varun Beverages Plans to Raise ₹7,500 Crore
Varun Beverages, handling 90% of PepsiCo’s sales in India, plans to raise ₹7,500 crore through a Qualified Institutions Placement (QIP). The funds will be used for subsidiaries, acquisitions, product expansion, and loan repayment.

9. JSW Infra Gets Contract to Build Maharashtra Port
JSW Infrastructure has received approval from the Maharashtra Maritime Board to build a multipurpose port in Palghar district. The project is estimated at ₹4,259 crore and will create around 1,500 jobs. It aligns with JSW's plan to increase port capacity to 400 MTPA by 2030.

10. SEBI Approves NSDL’s IPO
SEBI has approved NSDL’s much-anticipated IPO, with 57.26 million shares offered. Major stakeholders like IDBI Bank, NSE, and SBI will reduce their stakes. NSDL, founded in 1996, provides essential services for India’s securities market.

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