Maruti-Toyota to launch new SUV

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⭐ Maruti-Toyota to launch new SUV 🚙

Sports utility vehicles (SUVs) have been a weak spot for Maruti Suzuki. However, its parent Suzuki is working with Toyota to launch a new SUV for the Indian market that will rival the likes of the popular Hyundai Creta. The company’s management said that the new SUV will be manufactured at the Toyota-Kirloskar plant in Bengaluru and the production is likely to start in August.

⭐ Zomato to acquire Blinkit 🍛

Zomato's board approved the acquisition of the quick-commerce company Blinkit for ₹4,447 crore. The all-stock deal is expected to be completed in August. The food-delivery app operator already holds a 9% stake in Blinkit. CEO Deepinder Goyal said that quick commerce is the future of the food delivery business.

⭐ Jet Airways begins operational hiring

Grounded Indian carrier Jet Airways started its operational hiring and has asked its former cabin crew members to rejoin. Last month, it got a nod from the DGCA to resume commercial flight operations and is likely to restart operations in the July-September quarter. Meanwhile, India’s newest airline, Akasa, will hold a proving flight with the DGCA next week. After this, it is likely to get its air operator’s certificate, apply for airport slots and begin offering tickets within 2-3 weeks.

Global markets (at 7:30 AM today)

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Fact of the day

Inflation in Zimbabwe is at an eye-popping 191%! To tackle sky-rocketing inflation, the country’s central bank plans to more than double the interest rate from 80%, which is already the highest in the world, to 190%!

Source: Moneycontrol

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