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Crude oil imports at record high, 100% FDI for satellites, & more - Groww Digest

  •  Indian markets opened almost flat compared to yesterday’s closing level.
  • Nifty 50 fell till afternoon and started rising after that, to end in green.
  • IT and auto stocks rose the most.
  • Japan’s Nikkei index rose to its all-time high after 1989.
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India's crude oil imports stood at 21.39 million metric tons in Jan, highest in 21 months.
The Indian government has allowed 100% Foreign Direct Investment (FDI) for satellite component making companies.

Jio added 39.94 lakh subscribers in Dec, Airtel added 18.5 lakh. Vodafone Idea and BSNL lost 13.68 lakh and 1.5 lakh respectively. Airtel had 98.9% active subscribers. Jio: 92.32%.

Fair and remunerative price of sugarcane has been increased by 8% for the 2024–25 season.

India's mineral output increased by 5.1% in December as compared to the year-ago period.

The government has allowed traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain, and Bhutan till 31 March.

Uber is one of our most challenging markets for growth. We plan to expand our low-cost services: company CEO.

Climate-tech company Varaha raised $8.7 million.

Stocks in News

Grasim: launched its paints brand 'Birla Opus'.

IRB Infra: will raise Rs 4,556.2 cr through foreign currency-denominated notes.

RVNL: company’s joint venture with Salasar Techno Engineering emerged as the lowest bidder for a transmission project in Madhya Pradesh. Project is worth Rs 174 cr.

Olectra Greentech: got a Rs 4,000 cr order from Mumbai's Brihanmumbai Electric Supply and Transport.

GMDC: approved capital expenditure of Rs 3,041 cr for Financial Year 2025.

Vodafone-Idea (Vi): board to meet on 27 Feb to consider fundraising.

SpiceJet: received Rs 316 cr funding.

Airtel: to start mobile services on airplanes of 19 airlines including Etihad Airlines, Emirates, Cathay Pacific, etc.

IPO Corner
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