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Uno Minda forays into 4W passenger vehicle seating system segment
With Rs 320-cr greenfield manufacturing unit in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra
Eloelo group-owned micro-drama platform Story TV appoints Manan Mehta as senior vice-president, strategy and content
India's micro-drama industry is growing as companies build corporate teams. Story TV appointed Manan Mehta, formerly of Yash Raj Films, for strategy and content. Mehta will focus on developing premium vertical storytelling franchises and forging new partnerships. This move signals a serious commitment to the evolving entertainment ecosystem. Micro-drama content is projected to reach a significant market size by 2030.
Uno Minda to invest ₹320 crore in Maharashtra plant for passenger vehicle seating systems
Shares of UNO Minda Ltd ended at ₹1,127.30, down by ₹9.30, or 0.82%, on the BSE.
ACMA banks on govt to work out best tariff deal with US for auto components sector
India's auto components sector hopes for a favorable trade deal with the United States. The US is investigating Indian imports over labor and subsidy concerns. ACMA asserts that Indian labor laws are robust and child labor is absent. The industry body also refutes claims of receiving government subsidies for excess capacity. Despite current tariffs, Indian auto component exports to the US have remained consistent.
Nifty July futures trade at premium
India VIX dropped 1.43% to 11.65.
Auto components industry expected to grow 8-10% in FY27: ACMA
Experts predict an 8-10 percent growth for India's auto component sector this fiscal year, riding on robust domestic demand and export performance. However, the industry faces challenges, including a trade deficit driven by higher imports of electronics and EV components, as well as labor shortages affecting small to medium enterprises. Still, the long-term outlook of the sector is hopeful.
NSE SME Teja Engineering switches into top gear with a stellar listing
Teja Engineering Industries traded at Rs 438.90 on the NSE, a 99.50% premium to the issue price of Rs 220.
BSE SME Atharva Poly-Plast moulds a strong market debut
Kratikal Tech traded at Rs 72.45 on the BSE, a 20.75% premium to the issue price of Rs 60.
Nifty IT index up 3%; Infosys, Tech Mahindra, LTM, Persistent gain 4%
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.
Knack Packaging IPO listing in focus. Here's what GMP signals ahead of debut
Knack Packaging share price will be listed on Wednesday, 8 July, on both exchanges - BSE and NSE. The shares are commanding a strong premium in the grey market.
India's auto component sector grows 12.7% in FY26, but imports outpace exports: ACMA
India's auto component industry saw strong growth in FY26, driven by OEM supplies and aftermarket expansion. Exports increased by five percent, while imports rose thirteen percent, widening the trade deficit. Supplies to the electric vehicle segment accounted for a notable portion of OEM sales. Geopolitical uncertainties and raw material price volatility present challenges to the sector. Government initiatives and infrastructure development offer significant growth opportunities for the industry.
General insurance premiums rise 14% in June; health insurers clock 31% growth
Niva Bupa Health Insurance outperformed the segment, reporting 35% growth in premium collections, while Star Health and Allied Insurance recorded a 19% increase.