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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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.