Auto Sector

A mass production process for solid-state batteries was also disclosed, with commercialization targeted for 2027–2028.

The price of Brent crude futures had risen 16 cents, or 0.2%, to $72 per barrel. American West Texas Intermediate (WTI) crude was up 7 cents, or 0.1%, to $67.19 per barrel.

Interim directives must be made to secure the management of such firms and protect their investors and other stakeholders while SEBI's inquiry is still ongoing.

The bid document indicates that the planned study's goal is to determine if it is feasible to build floating solar PV facilities at state and UT reservoirs.

Margin improvement target from 6%+ in FY24 to 10%+ in FY26 may find support from discontinuation of low-margin Jaguars.

The anticipated energy generation from the project is approximately 578.16 million units annually

Hero targets regaining market share by reviving the Passion and Glamor brands, increasing non-vehicle revenue and growing exports.

Spot gold was up 0.1% at $1,959.23 per ounce. Futures for U.S. gold increased 0.2% to $1,973.40.

The good news is that May 2023 inflation at 4.25% is not only below the consensus estimates of 4.42%, but also it marks a 2-year low level of inflation.

According to the CME FedWatch tool, markets are presently pricing in an 80% likelihood that the Fed will keep rates on hold at its meeting this week.