Riding on strong industry tailwinds and power demand growth, Adani Green Energy’s stock can grow an impressive 75 per cent in a bull-case scenario given the capacity expansion target, according to Jefferies.

The global brokerage firm has set a target price of Rs 2,130 apiece, implying a potential upside of 17 per cent from the previous close.

In the morning trade on Monday, the share of Adani Green went up 1.5 per cent to 1,830 apiece.

However, Jefferies has put a more optimistic upside scenario, suggesting a potential stock price of Rs 3,180 -- a 75 per cent upside from the current price -- citing the company’s 50 gigawatt (GW) capacity target by 2030.

Maruti Suzuki India on Monday said that it sold more than two lakh Grand Vitara cars in just 23 months, setting a new benchmark in the mid-SUV space.

The leading automaker said that it achieved the one lakh unit sales milestone in a year and added the next one lakh customers in a record period.

Launched in 2022, the model has pioneered a new era of SUVs, as ‘Strong Hybrid’ and ‘S-CNG’ variants witness a high demand, said the company.

“The Grand Vitara has revolutionised its segment by inspiring customers to make sustainable choices with the Strong Hybrid. The ‘ALLGRIP' technology has also resonated well with SUV lovers,” said Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India.

Tesla and SpaceX CEO Elon Musk on Monday attacked Sundar Pichai-run Google, saying if the search giant is interfering with the US Presidential election, they are going to face "a lot of trouble".

Sharing a screenshot where a Google search on “president Donald” resulted in “president Donald Duck” and “president Donald Regan,” the tech billionaire asked if the tech giant has placed a search ban on the former US president and Republican presidential nominee.

“Wow, Google has a search ban on President Donald Trump! Election interference?” asked the X owner.

Musk further said Google is “getting themselves into a lot of trouble if they interfere with the election”.

An X user posted that “Google is owned by Democrats”.

Homegrown EV firm Ola Electric is set to offer shares in the price band of Rs 72-76 in its initial public offering (IPO) worth Rs 5,500 crore that will open for subscription on August 2 and close on August 6.

Around 10 per cent of the IPO will be reserved for retail investors.

The IPO will have an offer for sale (OFS) component of up to 84.94 million which translates to Rs 645.96 crore (at the upper price band).

With this, the total issue size will be at Rs 6,145.96 crore, taking Ola Electric’s market cap to nearly Rs 33,500 crore.

Ola Electric's promoters Bhavish Aggarwal and Indus Trust will sell 3.79 crore and 41.79 lakh shares, respectively.

ICICI Bank, on Saturday, reported a 14.6 per cent increase in net profit to Rs 11,059 crore for the April-June quarter of the current financial year compared to the corresponding figure of Rs 9,648.2 crore in the same period last year.

The bank's net interest income went up by 7.3 per cent to Rs 19,552.9 crore during the first quarter from Rs 18,227 crore in the year-ago period.

The gross non-performing asset of the lender came in at 2.15 per cent. The net non-performing assets (NNPA) stood at 0.43 per cent compared to 0.42 per cent last year.

ICICI Bank also disclosed that its provisions for Q1 have increased by 3.1 per cent year-on-year to Rs 1,332.2 crore.

In some good news for flyers, Vistara on Saturday said it will offer 20 minutes of free Wi-Fi on international flights, making it the first Indian airline to allow this benefit.

The Tata-Singapore Airlines joint venture airline said the complimentary, 20-minute Wi-Fi access will allow passengers in all cabins to stay connected and is ideal for those who wish to purchase extended Wi-Fi plans using Indian credit/debit cards.

The service, available on Boeing 787-9 Dreamliner and Airbus A321neo aircraft, enables customers to receive one-time passwords via email, facilitating the purchase of extended in-flight Wi-Fi during the active session, according to Vistara.

As more and more Indians prefer to have simple and transparent exposures in mutual funds, the total retail folios in index funds increased by nearly 12 times from 4.95 lakh in March 2020 to 59.37 lakh in December 2023, a study by Zerodha Fund House showed on Friday.

The Assets under management (AUM) of index funds has recorded a staggering increase of 25 times -- from about Rs 8,000 crore in March 2020 to about Rs 2,13,500 crore in March this year.

Notably, debt index funds had seen a sizable growth from negligible to no AUM till March 2021 but scaled up to almost surpass the milestone AUM of Rs 1.1 lakh crore in March, according to the study.

“Nearly 11 per cent of new folios last financial year came from index funds. It is only the beginning of a growing trend and Zerodha Fund House is proud to play its part in it,” said Vishal Jain, CEO, Zerodha Fund House.

In yet another success story of India’s local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.

Riding on the government’s production-linked incentive (PLI) scheme, Apple reached a new all-time high in the Q1 FY25, according to industry data, as manufacturers continue to look at the ‘China + 1 business strategy’ to avoid investing only in the neighbouring country and diversify business into other territories.

In the last fiscal (FY24), the Cupertino-based tech giant saw its sales hitting new highs amid increased manufacturing and a growing premiumisation trend.

The tech giant saw robust around $8 billion sales in India in the last fiscal — a nearly 33 per cent surge (on-year).

With strong macro-economic indicators, conducive government policies and over 7 per cent growth projected for the Indian GDP, the auto component industry will continue to perform well in FY25, according to the industry.

Riding on steady production, a robust aftermarket and growth in exports, turnover of the automotive component industry in India has broken all previous records, reaching $74.1 billion in FY24.

Apart from an increase in vehicle production, higher value addition from the component sector has led to growth in the auto components sector, according to the Automotive Component Manufacturers Association of India (ACMA).

Steady growth in the vehicle industry has resulted in the industry reaching pre-pandemic levels of performance in FY24 in most segments.

About 94 per cent of automotive firms struggle to recruit talent in artificial intelligence (AI) and cybersecurity, according to a report on Friday.

The report by EdTech platform Skill-Lync is based on an extensive survey, involving over 220 leaders from the engineering and HR divisions of top automotive firms in India

It showed that 94 per cent of people find it challenging to recruit in specialised fields such as software-defined vehicles (SDV), and advanced driver-assistance systems (ADAS). About 60-65 per cent of the talent requirements in companies are for mid-level professionals with 3-7 years of experience.