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Ola Electric Mobility Pvt. is considering an IPO sooner than anticipated, as shares of the Indian startup have skyrocketed since launching electric scooters in December. Founder Bhavish Aggarwal had planned to wait four to six years before taking the company public, but the response to its electric scooters, which now claim an impressive 38% market share in India, has been overwhelming.

The Chinese economy is forecast to have grown just 0.5% in the second quarter, though the annual pace will be flattered by base effects at a predicted 7.3%. Retail sales, industrial output and urban investment are all expected to show slowing growth, which is why markets are counting on Beijing to unveil more stimulus measures soon.

The Antipodeans could face pressure if Chinese data disappoints. Elsewhere the dollar moves have been so large that a short-term breather may be in order. Sharp gains in the yen have slowed as traders weigh whether the ultra-dovish Bank of Japan is really likely to make any shifts at its policy meeting next week, given rhetoric suggests they are in no hurry.

Flair Writing is a leading player in the pens segment, with a revenue of ₹754 crore in FY23 from the pens writing instruments segment in India. The company proposes to utilise the net proceeds of the fresh issue towards setting up a new manufacturing facility for writing instruments funding capital expenditure, working capital requirements and repayment of borrowings.

Reliance has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger, shareholders of Reliance will get one share of the demerged entity Reliance Strategic Investments for every one share held by them in the conglomerate.

Profit climbed to ₹11,951.7 crore, beating estimates of ₹11,375.1 crore drawn from analysts polled by Bloomberg. The bank, which merged with its mortgage-lending parent HDFC from July 1, had posted profits of ₹9,196 crore in the same period last year. ETIG data showed that the bank had last posted a 30% profit growth in December 2019.

​Her portfolio leans towards more traditional stocks in manufacturing, textile, chemicals, and sugar stocks.​

Expect provisions to keep declining, led by lower slippages and better asset quality trends. Both the MFI and vehicle finance portfolio is showing improving trends. Building in slippages of 2.2% (Rs 16 billion). The key focus area would be the cost of funds given the sharp rise in raising deposits and ability to sustain current levels of loan growth

The spun-off entity will be included in Nifty 50 and few other indices for a brief period until it gets officially listed on the stock exchanges, NSE said in a release.

Sheela Foam has signed a deal to acquire a 35% stake in online furniture retailer Furlenco furniture for Rs 300 crore. The acquisition of a 95% stake in Kurlon Enterprises values the latter at Rs 2,150 crore. The company plans to complete the buyout by November this year. The acquisition will see Sheela Foam having a pan-India presence and diversification in the customer base.