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MG Motor India is on track to achieve over 25 per cent of total sales from electric vehicles this fiscal year as it continues to enhance its product portfolio, according to company Deputy Managing Director Gaurav Gupta. The company has already crossed the 10,000 unit cumulative sales milestone of EVs in the country. On Wednesday, the automaker introduced a top end variant of its electric SUV ZS EV equipped with level two autonomous driving technology priced at Rs 27.89 lakh for a limited period.

With large-cap funds giving lower returns than small-cap and mid-cap mutual funds, many investors want to know whether they should continue to have large-cap funds in their portfolios or not. In an online Q&A with FE Money recently, Chintan Haria, Head of Investment Strategy at ICICI Prudential AMC shared why investing in large-cap Nifty50-based funds makes sense. He also talked about why the Nifty50 index is considered the ideal way to have exposure to large-cap stocks. Edited excerpts:

Record inflows into smallcap funds in the past few months may create a problem of plenty for fund houses as deploying the amount in the right stocks at the right price is likely to become increasingly difficult.

Here’s the irony: about 81% of leaders surveyed in The Grand Manager and Workplace Report by upGrad-led online learning platform Harappa say that managers are indispensable to achieving financial objectives, deploying strategy and driving success. Yet, managers aren’t happy. The main reasons contributing to this frustration are career stagnation (73%), lack of recognition (71%), and feeling overworked (68%), says the survey that draws insights from over 3800 managers (including early and seasoned) in Corporate India, and focuses on the aspirations, burdens, and challenges faced by managers in India. Additionally, 250 individual contributors, 250 HR professional and 500 senior leaders were also surveyed. 81% of managers look at monetary incentives as key to staying motivated, the report found. About 57% also seek autonomy to make decisions at the workplace and 52% would like public recognition for the work they do. Other wants, lower in the pecking order, include purposeful work, career advancement opportunities, building networks and impacting lives. 74% managers say they want to be trained to perform in this role.

real estate investors, such as depreciation deductions, and passive income laws, are critical for maximising investment returns and generating income in the real estate sector. Those who invest in real estate should be aware of additional tax-saving options, such as using self-directed retirement funds, maximising deductions for upkeep and repair charges, or capitalising on the advantages of having real estate professional accreditation “To effectively capitalise on these opportunities, due to the complexity of the tax law, it is essential to engage closely with competent tax specialists that specialise in real estate," said LC Mittal, Director, Motia Group.

Atrangii TV, a free-to-air Hindi general entertainment channel owned by Vibhu Agarwal, will air international language content dubbed in Hindi, with English subtitles for the audiences, starting 17 July. This will include Korean, Turkish, Russian and other international family drama series that will cater to female and male audiences in the 15 plus age group. While costs of content creation are skyrocketing, entertainment industry experts point out licensing and syndication can prove cheaper for companies.

₹8,637 crore in June, making it the highest net inflow in three months. According to Mukesh Kochar, National Head-Wealth, AUM Capital, in the current market scenario when the market is near its peak, investors are trying to find contarion bets more suitable as the risk-reward is more favorable there. These stocks comprise either the beaten-up sector or the stock that has not run up much comparably and is available at a reasonable valuation with long-term positive outlooks.

leadership role at UBS. The reshuffling of positions is a result of the ongoing aftermath of the Swiss authorities' intervention to rescue Credit Suisse through a shotgun merger with UBS, leading to new management taking charge. Jacques de Vaucleroy, a Belgian executive who previously held management positions at French insurer AXA and Dutch bank ING, has been serving as the acting chairman since Ermotti stepped down in April.

About 18 PMS funds from the smallcap category gave 3-15% returns in June, data shared by PMS Bazaar showed.Saurabh Mukherjea’s Marcellus Investment Managers saw its Little Champs fund give a 7.2% return last month. On a 3-month basis, this fund has given nearly 9% returns. Equitree Capital Advisors’ Emerging Opportunities fund gave a strong 11% return in June.

HDFC are getting delisted today following an all-stock reverse merger with subsidiary HDFC Bank. All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC will get 42 HDFC Bank shares for every 25 shares of its parent company.

NATO's accusation that China challenges the bloc's interests and security, and opposed any attempt by the military alliance to expand its footprint into the Asia-Pacific region. In a strongly worded communique issued midway into a two-day summit in the Lithuanian capital of Vilnius on Tuesday, NATO said the People's Republic of China (PRC) challenged its interests, security and values with its «ambitions and coercive policies».

A senior member of Magellan’s new-look investment team and a top shareholder has bowed out of the $1.5 billion listed global equity investment manager.

reality show, that first aired in 2021 on Sony Television has witnessed more than ₹100 crore of investment in the deals, including seasons 1 and 2. Redseer Strategy Consultant's latest report mentioned that 27 startups successfully secured funds from external investors with a current valuation of 2.5X that of Shark Tank season 1 valuation. "Most startups that appeared on the show secured deals 6 times greater in value from outside investors within a span of 1.5 years.

ANI, the discussions in the meeting will revolve around the upcoming Lok Sabha election, as well as preparations for various state elections. The Lok Sabha Pravas Yojana, introduced by the BJP last year, aimed to devise strategies, with a particular emphasis on constituencies where the party secured the second or third position in the 2019 General Election or won by a narrow margin.

Shark Tank catapulted businesses forward in valuation with most startups (that appeared on the show) securing deals six times greater in value from outside investors within a span of 1.5 years, highlighted a report by Redseer on Wednesday. Following up on companies that either secured a deal or were rejected on Shark Tank season 1, the Redseer strategy consultants found that 27 startups successfully secured funds from external investors regardless of whether they scored a deal, dropped out, or got rejected on the show.

Also read: OECD says 27% of jobs at high risk from artificial intelligence The FCA intends to take a strong stance on this matter, supporting beneficial innovation while implementing proportionate protections. Rathi will emphasise the agency's commitment to maintaining vigilance in mitigating cyber risks and fraud, as these threats are expected to rise with the increased adoption of AI.

Sudipta Roy, will need to focus on the execution of retail strategy, improving collection efficiency and ensuring an uneventful reduction in the wholesale loan book, analysts said. While the company has pivoted towards retail loans and despite its fast growth pace, the overhang of the wholesale book means that the company's assets have been shrinking. This comes even as higher-rated peers Bajaj Finance and Cholamandalam Investment & Finance are growing their loans at 20-30%.

Havells India is going to venture into electronic manufacturing service (EMS) or contract manufacturing space for appliances such as air-conditioners and washing machines to cater to the increased demand of global brands to have an Indian manufacturing base, said chairman and managing director Anil Rai Gupta. On a pilot basis, the company has already started manufacturing and product designing of air-conditioners for some of the global brands in markets like the Middle East and the US. Gupta said since Havells is investing heavily into building manufacturing lines and capacities for appliances for its own brand Lloyd, it will utilise the spare capacity for contract manufacturing for brands sold overseas. «We want to cater to China plus-one manufacturing strategy of global brands. We will only manufacture for brands sold overseas since we don't want such products to compete with our own Lloyd brand of appliances. We are also designing the products to ensure they meet the norms of these markets,» said Gupta. Gupta said the company is targeting Rs 1,000 crore revenue from contract manufacturing over the next 3-4 years. He said Havells has started with AC for such manufacturing since it has already built a plant of global standard and has excess capacities. Next will be the washing machine for which it has set up a plant. «As and when we set up plants for manufacturing our own products, we will start contract manufacturing,» he said.

Big four consulting firms Deloitte, EY and KPMG have collectively forced out three dozen personnel over the past two years for misconduct, including at least 14 partners.

There’s nothing like a struggling demerger on the home front to pique the interest of a cashed-up offshore investor.

With the stock market a few weeks back into bull market territory, financial advisors might be rethinking their exposure to covered call strategies that tend to gain appeal during flatter markets when interest rates are lower.