 "The Electric Mobility Promotion Scheme achieves 60% of its target, extending support for India’s growing electric vehicle market amid impending FAME-III.")
The Electric Mobility Promotion Scheme (EMPS) is set to be extended until the launch of FAME-III, announced Union Minister H D Kumaraswamy. The current scheme, which is due to end on September 30, has already achieved 60 percent of its target, supporting over 334,000 electric vehicles. The extension is expected to last for about two ...
 "Post-pandemic, investors have gained sophistication, boosting the wealth management industry, especially in India, as capital market participation surges.")
Shiv Gupta, the founder and CEO of Sanctum Wealth, shares insights on the evolving wealth management industry in the Asia-Pacific region. Following the pandemic, investors have become increasingly sophisticated, contributing to a rise in capital Market participation and risk-taking. Gupta highlights the tremendous growth of the wealth management sector, especially in India, which is emerging ...
 "Next week, four major IPOs, led by Bajaj Housing Finance, seek to raise ₹8,390 crore amid a bustling market landscape.")
The IPO Market is gearing up for a busy week, with four major companies, including Bajaj Housing Finance aiming to raise a total of Rs 8,390 crore. Other key players include P N Gadgil Jewellers, Kross Ltd, and Tolins Tyres, all set for subscription between September 9 and 12. This surge in IPO activity aligns ...
 "Hyundai launches new EXTER variants amid declining sales, featuring advanced tech and safety upgrades to regain market attention.")
Hyundai Motor India has introduced two new variants of its popular entry-level SUV, EXTER. The S(O)+ variant, featuring manual transmission, is priced at Rs 786,300, while the S+ variant boasts an automated manual transmission (AMT) and costs Rs 8,43,900. Both models come loaded with exciting features, including a smart electric sunroof, a digital cluster with ...
 "Adani and Tower Semiconductor’s billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.")
Israel’s Tower Semiconductor and India’s Adani Group are set to invest $10 billion (approximately 839.47 billion rupees) in a new semiconductor project in Maharashtra. This initiative aligns with Prime Minister Narendra Modi’s vision to establish India as a global chip-making hub, despite facing challenges including Foxconn’s withdrawal from a previous joint venture. The new plant ...
 "Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.")
India’s Securities and Exchange Board of India (Sebi) is set to introduce stricter rules for derivatives trading to protect retail investors from speculation risks. The new regulations will limit options contract expiries to one per exchange each week and raise the minimum trading amount to between Rs 15 lakh and Rs 20 lakh, increasing the ...
 "Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.")
The gap between two-year and 10-year Treasury yields has turned positive for the first time in about a month, according to analysts at JPMorgan. Despite potential interest rate cuts, investors are unlikely to quickly move away from shorter-dated government bonds, which currently offer attractive yields above 5 percent. The yield curve remains inverted in some ...
 "Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.")
Max Ventures Investment Holdings, a promoter of Max Financial Services Ltd (MFSL), recently sold a 3.18 percent stake in the company for Rs 1,218 crore through an open Market transaction. This sale involved the disposal of 11 million shares at an average price of Rs 1,107.37 each. Following this transaction, the combined shareholding of the ...
 "India’s Bond Market Set to Shift as RBI Eyes Rate Cuts and Demand Rises")
ICICI Prudential Life Insurance is set to increase its investments in longer-duration federal government bonds, including the benchmark 10-year bonds, due to a favorable demand-supply scenario. Ketan Parikh, the head of fixed income investments, noted that the company’s long-term focus aligns well with investing in these longer-term bonds. As India’s fiscal deficit drives borrowing, the ...
 "Antitrust Storm: Nvidia Faces Subpoena Amid Market Dominance Investigations")
The U.S. Department of Justice has intensified its investigation into Nvidia regarding possible antitrust violations. Following complaints from competitors about Nvidia’s Market dominance, the DOJ has issued subpoenas for further information. Reports suggest that officials are examining whether Nvidia is making it difficult for customers to switch to other chip suppliers and is penalizing those ...
