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NSE targets September launch for Rs 30,000-crore IPO after Sebi nod
The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday. The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore. The exchange will soon begin roadshows for the IPO. If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024. The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders. Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ
Nomura names M&M, Hyundai, Ather Energy as top picks after June auto sales; says EV penetration at inflection point
Nomura remains positive on India's automobile sector after strong June sales, saying electric vehicle adoption has reached an inflection point. The brokerage expects continued momentum driven by new launches and improving charging infrastructure, while naming Mahindra & Mahindra, Hyundai Motor India, Ather Energy and Sona BLW among its top picks.
June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring CVs and select two-wheeler players amid improving demand and pricing conditions.
Major automakers record strong June sales on steady domestic demand, rising exports
Indian auto manufacturers celebrated robust June sales, fueled by strong domestic demand and surging exports. Maruti Suzuki reported over 200,000 units sold, while Mahindra & Mahindra saw a significant 37% growth with over 106,000 vehicles. Hyundai Motor India also posted strong figures, overcoming a temporary production setback due to a supplier issue. These impressive numbers highlight a thriving automotive sector.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Hyundai Motor's South Korean union approves strike action over stalled wage talks
Hyundai Motor's South Korean union members have voted to authorize a strike, signaling potential production halts. This action stems from unresolved wage talks, with the union demanding a significant base pay increase and a substantial performance bonus. They are also seeking assurances on employment and working conditions concerning AI integration, mirroring recent profit-sharing moves by other major tech firms.
Stocks to buy in 2026 for long term: Hyundai Motor, Ramco Cements among 5 stocks that could give 10-20% return
We have collated a list of recommendations from top brokerage firms from ETNow and other sources
NSE IPO: Financials, dividend track record to selling shareholders - 10 key things to know
The National Stock Exchange of India filed its Draft Red Herring Prospectus for a proposed ₹30,000 crore IPO, potentially the largest in Indian history, surpassing Hyundai Motor India's previous record. The offering consists entirely of an offer-for-sale with no fresh capital for the exchange.
Tata Motors, Mahindra lead the pack as EV sales surge 79%
India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.
Auto sales surge in May: Maruti hits record high, Hyundai, Mahindra and Toyota gain momentum
Major automotive manufacturers Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra, and Toyota Kirloskar Motor recorded positive growth in their sales figures for May 2026. The rise comes due to sustained domestic demand and strong performances across their respective passenger and commercial vehicle segments. However, the industry is showing signs of short to medium term moderation even though structural drivers such as infrastructure spending and replacement demand remain supportive for long term growth.
Hyundai Motor India's domestic sales rise 9.1% to 47,837 units in May
Hyundai Motor India achieved strong sales in May 2026. Domestic sales grew by 9.1 percent to 47,837 units. Total sales, including exports, reached 61,137 units, a 4.1 percent increase. For the first two months of FY27, domestic sales rose 13 percent. This shows continued positive momentum for the company.
MSCI rejig: Adani Energy, MCX join Global Standard Index; Hyundai, RVNL out
India's weightage in the MSCI Standard Index remained broadly unchanged at 12.3 per cent, versus 12.4 per cent earlier