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As many as 342,300 passenger vehicles were sold in July, as per industry estimates, an increase of 16% from a year earlier when manufacturers dispatched 295,000 units to dealerships. Prior to this, passenger vehicles sales had peaked at 334,000 units in October 2020.

Satish Sharma, President (Asia Pacific, Middle East and Africa), Apollo Tyres, told ET that adoption of electric vehicles (EV) is expected to gather pace over the next few years. Accordingly, the company is gearing up to cater to demand both in passenger vehicle and two-wheeler segments.

The just-launched Brezza, and yet-to-be-launched Grand Vitara, have boosted Maruti’s booking charts. Shashank Srivastava, senior executive director, Maruti Suzuki, told ET that going by vehicle buying trends globally, SUVs should comprise half of the passenger vehicle market in India.

In a statement, Jio said its 700 MHz spectrum footprint makes it the only operator providing true 5G services across India. “Jio 5G will ensure every Indian gets to access the most transformative digital services and platforms offered anywhere in the world,” the telecom market leader said in a statement Monday.

According to government and stock exchange data reviewed by ET, the government has pumped in ₹27,000 crore into IDBI Bank between April 1, 2010 and March 31, 2021. Data show the government acquired 4.5 billion shares in IDBI Bank during this 11-year period. This brings its weighted average cost of acquisition to ₹60 a share.

Vi and Airtel’s net debt stood at Rs 1.96 lakh crore and Rs 1.6 lakh crore respectively in the quarter ended March, FY22, while Jio’s net debt was at lower Rs 57,700 crore in the June quarter, FY23. Airtel and Vi are yet to report fiscal first quarter earnings.

Adani Green, Siemens, Indus Towers, Bosch, Godrej Properties, Voltas, Deepak Nitrite, Thermax, Bank of India, Brigade Enterprises, Saregama and Shyam Metalik are among the companies that will announce their earnings for the quarter ended June 2022.

Shares of Clean Science (Rs 3.25 per share), Navneet Education (Rs 1.5 per share), The Anup Engineering (Rs 8 per share), Vinyl Chemicals (Rs 5 per share), Emkay Global (Rs 1.25 per share), IP Rings (Rs 2 per share), TCFC Finance (Rs 1.2 per share) and Sayaji Industries (Re 1 per share) had announced final dividends. The stocks went ex-dividend on Friday.

Costs could come down by as much as $50 a kilogram initially, people familiar with the matter told ET, as the Bullion Exchange (IIBX) at GIFT City becomes the favoured platform for gold consignments in a country where the yellow metal has beaten all competing asset classes as the traditional store of value.

Adani Power and the state-run NTPC are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation located in Chhattisgarh, people familiar with the matter told ET.