Share Market News Today: Key Updates for December 23, 2024


Share Market News Today

Share Market News Today: The latest Share Market News Today highlights major announcements, business developments, and industry updates. Here’s a detailed look at the top stories, presented in an easy-to-read format.


1. Whirlpool and PG Electroplast Collaborate on Semi-Automatic Washing Machines

Whirlpool has partnered with PG Electroplast to manufacture select semi-automatic washing machines. This collaboration is expected to enhance Whirlpool’s product offerings and strengthen its presence in the competitive home appliances market.


2. Dr. Reddy’s Laboratories to Discuss Q3 Results

Dr. Reddy’s Laboratories has scheduled a board meeting on January 23, 2025, to review and approve its Q3 financial results. Investors are eagerly awaiting the results to gain insights into the company’s performance.


3. Tata Communications Issues Commercial Papers

Tata Communications has issued commercial papers worth ₹4.85 billion. This move will provide the company with additional liquidity to meet its operational and financial requirements.


4. TVS Motor Acquires 39.11% Stake in DriveX

TVS Motor Company has successfully completed the acquisition of a 39.11% stake in DriveX. This strategic investment is likely to bolster TVS’s portfolio in the automotive sector, particularly in the electric vehicle and ride-sharing segments.


5. Symphony Expands Loan Agreement with Subsidiary

Symphony has increased the size of its loan agreement with a subsidiary from AUD 10 million to AUD 15 million. This expansion indicates Symphony’s commitment to supporting its subsidiary’s growth initiatives.


6. Adani Enterprises Boosts Stake in Air Works India

Adani Enterprises has signed a share purchase agreement through its subsidiary, Adani Defence Systems and Technologies Ltd., to acquire an 85.8% stake in Air Works India Pvt Ltd. The deal, valued at ₹400 crore, highlights Adani’s growing footprint in the aerospace and defense sector.


INDIGO

7. Indigo Dominates Local Passenger Market

Indigo’s market share in the domestic passenger segment rose to 63.6% in November 2024. The airline continues to lead the industry, reflecting its strong operational efficiency and customer trust.


8. Special Trading Day on February 1 for Union Budget Presentation

The Bombay Stock Exchange (BSE) will remain open for live trading on Saturday, February 1, 2025, for the presentation of the Union Budget. This unusual trading day is expected to witness high market activity as investors react to the budget announcements.


9. Waaree Energies to Invest in Lithium-Ion Battery Manufacturing

Waaree Energies has announced a capital expenditure of ₹2,073 crore and an investment of ₹650 crore to set up a 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant. This move aligns with India’s push toward renewable energy and electric mobility.


VEDANTA

10. Vedanta Sources Iron Ore from NMDC

Vedanta, one of Karnataka’s major iron ore producers, is sourcing significant quantities of iron ore from NMDC. This partnership underscores Vedanta’s efforts to ensure a steady supply of raw materials for its operations.


11. Bharat Electronics Wins ₹973 Crore Order

Bharat Electronics Ltd (BEL) has secured a significant order worth ₹973 crore. This win reaffirms BEL’s position as a leader in defense and electronic manufacturing.


12. Colgate Launches MaxFresh Oral Care Range

Colgate has unveiled a new MaxFresh range, offering a sensory experience in oral care. This innovative product aims to enhance customer satisfaction and solidify Colgate’s position in the oral care market.


13. Prestige Estates Prepares for Robust Q4

Prestige Estates’ Chairman and Managing Director revealed that the company is in the final stages of approvals for several projects. Q4 is expected to be the most robust quarter for the real estate giant, with strong sales anticipated.


14. Reliance Jio and Vodafone Idea Face Subscriber Loss

Reliance Jio and Vodafone Idea reported subscriber losses in October 2024, with Jio losing approximately 37 lakh subscribers and Vodafone Idea losing 19 lakh. This trend signals growing competition and challenges in retaining customers.


BHARTIARTL

15. Bharti Airtel Adds 19 Lakh Subscribers

Contrary to its competitors, Bharti Airtel added 19 lakh subscribers in October 2024. This positive development highlights Airtel’s strong market strategies and customer-centric approach.


16. Greaves Electric Mobility Plans IPO

Greaves Electric Mobility has filed preliminary papers with SEBI to raise up to ₹1,000 crore through an Initial Public Offering (IPO). This IPO is expected to fund its expansion plans and solidify its position in the electric mobility market.


17. WhatsApp to Stop Support for Older Android Devices

From January 1, 2025, WhatsApp will no longer support Android phones running KitKat or earlier versions. Users are encouraged to upgrade their devices to continue enjoying the messaging platform’s services.


Why These Updates Matter | Share Market News Today

The updates in this edition of Share Market News Today reflect dynamic shifts across various industries, including technology, automotive, real estate, and telecommunications. Companies like Adani Enterprises, Indigo, and Waaree Energies are making strategic moves that could influence market trends and investor sentiment.

For investors and stakeholders, keeping up with the latest Share Market News Today is crucial to making informed decisions. From mergers and acquisitions to technological advancements and market expansions, these developments shape the future of the share market.


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