Fri, Jul 5, 2024 4:47 PM
IndusInd Bank Q1 Update: Net advances jump 16% YoY to Rs 3,48,107 crore
A Flip by Shubhangi Gupta
Bengaluru leads India's electric vehicle (EV) sales with 4,283 units sold between January and May 2024, driven by a tech-savvy workforce, green vehicle acceptance, and subsidies. Delhi, Hyderabad, Mumbai, and Pune follow, with Tata Motors' Tiago.ev being the top-selling EV model at 4,114 units. The city's EV ecosystem is fostered by startups like Ola Electric and Ather Energy and its wide network.
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Greed and Fear report by Chris Wood of Jefferies revealed adjustments to Asia Pacific ex-Japan relative-return portfolio, increasing India's weightage by 1.5 percentage points to maintain a slight Overweight position, while reducing China and Hong Kong's weightage. The Asia ex-Japan long-only portfolio has risen by 3,615% since inception, outperforming the MSCI AC Asia ex-Japan Index and S&P 500.
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Marico Ltd. and Dabur India Ltd. shares surged up to 6% to near 52-week highs after strong business updates for the June quarter of FY25. Marico's domestic business saw modest volume growth, with Parachute Coconut Oil posting low single-digit growth and Saffola Oils delivering mid-single digit growth. Dabur expects mid-to-high single-digit revenue growth.
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