Auto Sector

On May 14, the government announced the second phase of the production-linked incentive scheme for IT hardware.

Suzuki Motor Gujarat (SMG) and Maruti Suzuki have announced that they will end their contract manufacturing relationship and that Maruti Suzuki will exercise its option to purchase the shares of SMG from Suzuki Motor Corp. (SMC).

According to news reports, at least one of the factories that the Taiwanese business intends to build in Karnataka will manufacture Apple components, including those for iPhones.

Revenue from operations increased 22% year on year to Rs 32,327 crore, exceeding the projected Rs 31,778 crore.

Railways also intends to boost rail connections by introducing the Vande Bharat Express and raising the speed restriction of certain trains to 160 km/h.

Paytm founder and CEO Vijay Shekhar Sharma stated that the business has begun producing soundbox devices in India.

On the last day of July 2023, the Office of the Economic Advisor announced core sector growth for June 2023.

It was another tepid week for start-ups with funding sharply lower week on week.

Rupee falls 7 paise to close at 82.25 (provisional) against US dollar.

The IPO will consist of a fresh issuance of shares valued at Rs 77 crore and an offer for sale (OFS) of 32.5 lakh shares by the company's promoter and investors.