Good morning!
Here are the top stories to start your day.
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⭐ Bookings open for Maruti’s new premium SUV 🚗
Auto major Maruti Suzuki has opened bookings for its upcoming SUV Grand Vitara. The car will be globally launched on 20 July. After launching the all-new Brezza recently, the company is planning to cement its presence in the midsize SUV segment.
⭐ M&M to invest in EV battery cell maker 🔋
To avoid future supply issues, M&M is open to investing in a battery-cell company. Last week, the company raised funds for its electric vehicle unit, which valued it at $9.1 billion. However, the company said that it has no intention to get into manufacturing batteries, but may partner with companies that make them. M&M plans to launch five electric SUVs over the next few years.
⭐ Coal India raises Q1 capex 💡
State-owned miner Coal India's capital expenditure rose by 65% year-on-year to ₹3,034 crore in Q1 FY23. This was driven by the government's push to expand capacity as the country faced a power crisis. The capex was used in acquiring land and strengthening transport infrastructure in its coalfields.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.75% |
| Nikkei 225 (Japan) | ▼ 1.68% |
| Hang Seng (Hong Kong) | ▼ 0.78% |
| SSE Composite (China) | ▼ 0.14% |
| Dow Jones (US) (July 11) | ▼ 0.52% |
| NYSE (US) (July 11) | ▼ 0.43% |
| Nasdaq (US) (July 11) | ▼ 2.26% |
| S&P 500 (US) (July 11) | ▼ 1.15% |
Fact of the day
India is likely to surpass China as the world's most populous country in 2023, according to the United Nations.
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