Good morning, people!
Here are the top stories to start your day.
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⭐ Hero MotoCorp to hikes two-wheeler prices 🛵
Two-wheeler maker, Hero MotoCorp has announced that it will increase the prices of its motorcycles and scooters. The hike will be up to ₹3,000 and will be effective from 1 July. The move is aimed at offsetting rising input costs.
⭐ Thermax makes green acquisitions 🌬️
Engineering conglomerate Thermax's subsidiary First Energy has acquired two renewable energy companies. The company has purchased Jalansar Wind Energy and Kanakal Wind Energy, both of which are located in Ahmedabad, for their proposed power projects.
⭐ Foxconn looks to expand presence in India 📱
The chairman of Foxconn Young Liu met Prime Minister Narendra Modi to discuss plans for expanding its electronics manufacturing capacity in India. Talks included the manufacture of semiconductors and electric vehicles (EVs). According to news reports on Wednesday, Foxconn is considering setting up an EV manufacturing plant in India through its subsidiary Foxtron.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.65% |
| Nikkei 225 (Japan) | ▲ 0.73% |
| Hang Seng (Hong Kong) | ▲ 1.45% |
| SSE Composite (China) | ▲ 0.70% |
| Dow Jones (US) (June 23) | ▲ 0.64% |
| NYSE (US) (June 23) | ▲ 0.75% |
| Nasdaq (US) (June 23) | ▲ 1.62% |
| S&P 500 (US) (June 23) | ▲ 0.95% |
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Fact of the day
India’s entertainment and media industry is likely to grow by a CAGR of 8.8% to ₹4.3 lakh crore by 2026.
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Disclosures and Disclaimer
Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.