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₹27,000 crore over FY25-27. Its SUV production capacity is projected to increase from 49,000 units per month now to 64,000 units by in FY25 and 72,000 units by the end of FY26. Also read | Mahindra & Mahindra in the fast lane on higher capex, upcoming launches While the management sounds confident, investors should note the growing competitive intensity in the SUV space, with companies like Maruti Suzuki, Tata Motors and the IPO-bound Hyundai India lining-up a slew of launches.

₹25,000 crore or so, including an offer-for-sale (OFS) for more than 142 million existing shares, or around 17.5% of the company. All the proceeds will go to the giant parent firm, the world’s third-largest automaker after Toyota and Volkswagen. The retail quota for the IPO is 35%, and potential investors should consider some interesting points.

Reuters reported that the upcoming first full-fledged Budget 2024 of Modi 3.0 is expected to relieve taxpayers, as the government considers reducing income tax rates for specific groups of individuals. The report also indicates that the government is considering lowering income tax rates for individuals earning annual incomes of ₹10 lakh.Moneycontrol reported, quoting government officials, that the Centre plans to raise the income threshold before any tax is levied from ₹3 lakh to ₹5 lakh in the upcoming budget.

The central conceit of colleges such as Indian Institutes of Technology (IITs) is that they are the best. The oxygen that gives life to this conceit is that they get the ‘best’ students. ‘Best’ here has a specific meaning, referring to students who are hard-working and focused, and who adapt well to certain kinds of testing.

Also Read: Nifty 50 set record highs 32 times in 2024, up 11% from June 4 lowFollowing one of their worst intraday performances on June 4, real estate stocks resumed their winning streak in the subsequent session after the ruling Bharatiya Janata Party (BJP) secured sufficient support from key allies to form a coalition government, ensuring Modi’s return to power for a third consecutive term.Investors anticipate continued strong economic growth despite the coalition government set up, projecting that the government's focused emphasis on Capex growth over the past four years will persist, which is expected to bolster the country's economic engine, driving growth and strengthening it further.Amid this backdrop, from June 05 to June 18, the index surged from 976 to 1,150 points, marking an impressive gain of nearly 18%.As the Indian economy has experienced robust growth in recent years, disposable incomes among Indians have risen, prompting increased investment in the real estate sector. Real estate has been a preferred choice for the majority of Indians.Also Read: Defence stocks tumble amid profit booking; Bharat Dynamics down 6%Consequently, developers experienced a stellar response, with sales soaring within hours of opening bookings.

₹132 crore offering, which launched today, has two more days to navigate its way towards huge subscription numbers. The NBFC is registered with the RBI as a non-systemically important non-deposit taking organisation and has over 20 years of lending experience in India's rural and semi-urban areas.

Nifty Index Top Gainers and Losers TodayThe top gainers in the Nifty index were HDFC Bank (up 3.11%), Axis Bank (up 2.92%), ICICI Bank (up 1.92%), Kotak Mahindra Bank (up 1.59%), and Indusind Bank (up 1.35%). On the other hand, the top losers in the Nifty index were Titan Company (down 3.53%), Larsen & Toubro (down 2.69%), Maruti Suzuki India (down 2.54%), Bharti Airtel (down 2.52%), and Hindalco Industries (down 2.41%).The bank nifty ended at 50440.9, with an intraday high of 51957.0 and a low of 50441.75.

₹44.93 crore SME IPO is open for subscription between June 19 and June 21 with a price band in the range of ₹71-75.The issue is a combination of a fresh issue of 14.98 lakh shares aggregating to ₹11.23 crore and an offer for sale of 44.93 lakh shares aggregating to ₹33.70 crore.The company plans to utilise the net issue proceeds to meet working capital requirements and for general corporate purposes.Sachin Sharma, Sangeeta Pareekh, Dinesh Pareekh, Sarthak Agarwal, and BLP Equity Research Private Limited are the promoters of GEM Enviro Management Ltd. The promoter shareholding in the company will come down to 73.44 percent after the IPO from 100 percent currently.The minimum lot size for an application is 1,600 Shares.

₹336 crore, the private lender announced on Wednesday.The bank's board of directors approved the acquisition of Max Life shares, increasing the total holding of Axis entities in the insurance firm from 19.02% to 19.99 per cent.“In this regard, we would now like to inform you that the Acquisitions, Divestments and Merger Committee of the Board of Directors of the Bank at its meeting held on June 19, 2024, has approved a proposal for acquisition of additional equity shares of Max Life by the Bank for an amount of upto ₹336 crore, thereby increasing the aggregate shareholding of the Axis Entities from 19.02% to 19.99%," the company said in the exchange filing.This strategic move comes after Axis Bank received regulatory approval in August 2023 to inject ₹1,612 crore into Max Life Insurance by subscribing to shares on a preferential basis, initially increasing Axis entities' stake to 19.02%.In 2021, Axis Bank announced its deal to acquire a stake in Max Life Insurance Co, a subsidiary of Max Financial Services.The Axis entities include Axis Bank, investment solutions provider Axis Securities, and financial services provider Axis Capital.Following the announcement, shares of Axis Bank, India's fifth largest by market capitalization, rose by as much as 2.2 per cent, making it one of the top gainers on the Nifty 50 index.In April, Axis entities had increased their stake in Max Life from 12.99 per cent to 19.02 per cent, initially acquiring a stake in the company in 2020.Max Financial Services, the holding company of Max Life Insurance, engages in investment business and provides management advisory services.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Motorola Razr 50 will be priced around EUR 899 (approximately ₹80,460), while the higher-end Razr 50 Ultra is expected to retail at EUR 1,199 (about ₹107,310) for the 12GB RAM and 512GB storage variant. However, Indian prices are likely to be lower, mirroring last year’s trend when the Razr 40 Ultra was introduced at ₹89,999 and the Razr 40 at ₹59,999.The forthcoming Razr 50 Ultra is rumored to feature the new Snapdragon 8s Gen 3 processor, a notable upgrade from its predecessor.

India's aviation regulator, Directorate General of Civil Aviation (DGCA), on Wednesday issued an advisory circular focusing on gender equality within the sector. The circular, called “Gender Equality in Civil Aviation Sector”, was issued in line with the principle of gender equality that is enshrined in the Constitution of India and ICAO’s vision for promoting equal opportunities to achieve gender equality in aviation. With this move, the DGCA aims to increase the number of women in various positions to a desirable representation of 25 per cent by 2025 within the aviation industry in India, said the circular.

IDBI Bank, Indian Bank, and Punjab & Sindh Bank offer special fixed deposit schemes with a deadline set in June. FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule

investors’ easy way to profit is to pile on to the `likes’ of companies that are successful in their area of business. Globally, the popular theme playing out these days is the chip, memory chip! Nvidia’s rise to the top of the market capitalisation pile has brought in its share of enthusiasts and skeptics. Its eye-popping market value topping $3.3 trillion — towering above Microsoft, Apple and everything else from Walmart to Meta and Alphabet (Google) — is making investors search for the next Nvidia.

Hindustan Aeronautics (HAL) on Wednesday announced that it will be considering the payment of the final dividend for the financial year 2023-24 in its board meeting that will be held on June 26. “This is to inform that the Board of Directors of the Company in its meeting scheduled to be held on Wednesday, the 26th June, 2024 will consider, inter-alia, the recommendation of final dividend for the financial year 2023-24,” said HAL in a filing to the exchanges.

ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF's control over ZF CVCS India, the company said in a statement. «ZF Group has sold 1,425,000 shares, equalling 7.5 per cent stake, in its listed Indian subsidiary ZF CVCS India to increase liquidity and financial flexibility for its growth plans. The transaction will strengthen the financial flexibility of ZF, allowing it to invest in its further growth, and in the dynamically developing Indian market,» it said. The Friedrichshafen (Germany)-headquartered firm had commenced the commercial vehicle control system business in January 2022 following the acquisition of WABCO in 2020.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

₹28 crore. Sylvan Plyboard IPO will open for subscription on Monday, June 24, and close on Wednesday, June 26.Sylvan Plyboard IPO price band has been fixed at 55 per share.

Also Read: Indian banks well placed with strong balance sheets, cheap valuations, says CLSAWhile operating profit growth in FY25 is expected to be superior for PSU banks compared to private banks, the brokerage sees more valuation comfort in private bank multiples versus those of PSU peers. Large-cap private banks like Kotak and HDFC Bank and mid-cap banks like IndusInd Bank are trading at valuation discounts to historical trends due to near-term idiosyncratic concerns.

NEW DELHI:Aditya Birla Group’s fashion and lifestyle venture TMRW has invested ₹125 crore for a 16% stake in Universal Sportsbiz Pvt. Ltd (USPL), the Accel and Virat Kohli-backed parent of clothing brand Wrogn.The minority investment comes with “an option for a path to majority stake acquisition" later, Aditya Birla Fashion and Retail Ltd said in an exchange filing on Wednesday.

NPS vs PPF vs EPF: Selecting the right investment vehicle is essential when planning for retirement. In India, three popular options with distinct advantages and features are the Public Provident Fund (PPF), National Pension System (NPS), and Employees' Provident Fund (EPF). However, there is no one-size-fits-all strategy. Choosing between the NPS, PPF, and EPF depends on the individual's financial goals and risk tolerance. Financial experts recommend starting retirement investments at a young age—the earlier, the better—to experience the power of compounding.

Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information such as salary details, claimed deductions, and the tax deducted at source (TDS) by the employer throughout the fiscal year. This data automatically populates most sections of your tax return, streamlining the filing process by eliminating the need for manual data entry.