Govt Expands PM e-Drive Scheme
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🗞️ Govt expands PM e-Drive scheme to accelerate India’s EV push
The government has expanded the PM e-Drive scheme to strengthen India’s electric mobility ecosystem, supporting EV adoption, charging infrastructure, and domestic manufacturing.
🗞️ Aequs IPO booked 3.42x on Day 1
The Aequs IPO was subscribed 3.42 times on Day 1, with a grey market premium signaling an expected ~37% listing pop.
🗞️ SBI, HDFC Bank & ICICI Bank remain systemically important
SBI, HDFC Bank, and ICICI Bank continue to be classified as D-SIBs (Domestic Systemically Important Banks), indicating their critical role in India’s financial stability.
🗞️ Adani Group plans $15 billion airport expansion by 2030
The Adani Group will invest $15 billion to expand airport capacity across its portfolio by 2030, focusing on passenger volume, cargo handling, and aviation infrastructure.
💬 Expert Take: “This investment could reshape India’s airport landscape and absorb the massive growth expected in domestic air travel over the next decade.”
🗞️ Bank of Maharashtra OFS oversubscribed; Govt raises ₹2,492 crore
The Bank of Maharashtra OFS was oversubscribed, helping the government raise ₹2,492 crore through its offer-for-sale.
🗞️ Amazon to open 2 new dark stores a day
Amazon plans to open two new dark stores daily, targeting 300+ stores by year-end, as rapid commerce and hyperlocal delivery volumes soar.
🗞️ Meesho IPO sees strong demand ahead of listing
Early subscription trends show strong momentum for the Meesho IPO, with rising interest from retail and institutional investors.
🗞️ IPO GMPs rise for Wakefit & Corona Remedies
Grey market premiums for Wakefit and Corona Remedies climbed as high as 18%, suggesting positive sentiment ahead of next week’s subscription window.
💬 Expert Take: “GMP traction signals strong retail confidence, although actual listing gains will depend on market liquidity and QIB participation.”
📊 Market Update
📉 Sensex: 85,106.81 ▼ 31.46 pts (–0.04%)
📉 Nifty 50: 25,986.00 ▼ 46.20 pts (–0.18%)
🪙 Gold (per gram): 24K ₹13,058 ▲ ₹71 | 22K ₹11,970 ▲ ₹65
🥈 Silver (per kg): ₹1,91,000 ▲ ₹3,000