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SpaceX IPO is well oversubscribed as per reports; Here's a timeline to its listing
Retail investors can still submit orders for shares of SpaceX on some platforms beyond the Wednesday deadline. As much as 30% of the total shares on offer are allocated to retail investors, as per the report.
Vehicle retail sales jump 10% in May to 2.53 million units on rural demand
Vehicle sales saw a 10% jump in May, fueled by robust rural demand for cars and trucks. Passenger vehicle registrations surged in rural areas, outpacing urban growth. Two-wheeler sales also climbed, supported by GST cuts and wedding season purchases. Electric vehicle adoption is increasing across segments. FADA anticipates continued demand, supported by monsoon progress and rural cash flows.
Govt announces up to 3% divestment in NLC India; OFS floor price set at ₹303
The government is set to divest up to 3% stake through the OFS, which will open for non-retail investors on Tuesday, June 9, while retail investors and eligible employees can bid on June 10. NLC India shares closed at ₹336.40 on the NSE on June 8, down marginally by ₹0.20, or 0.06%.
India's EV penetration crosses 11% for first time as auto retail sales hit record in May
India's auto sales reached a record in May, growing 9.55 percent. Electric vehicle penetration surpassed 11 percent for the first time. Dealers reported more inquiries for fuel-efficient and green vehicles following fuel price hikes. Passenger vehicles and two-wheelers saw their best-ever May sales. The outlook for June remains cautiously optimistic, supported by monsoon progress and rural demand.
Auto stocks decline as FADA reports month-on-month drop in May vehicle retail sales
Auto stocks declined on Monday after the Federation of Automobile Dealers Associations (FADA) reported a month-on-month decline in vehicle retail sales for May 2026.
We don't even know where LIC's office is: Rajesh Exports chief amid regulatory heat
Rajesh Exports Chairman Rajesh Mehta clarified LIC's investment in his company, stating the insurer bought shares over two decades from the open market. He asserted neither promoters nor the company benefited from LIC's stake, emphasizing that ordinary retail shareholders are the ultimate gainers, regardless of LIC's potential losses or exit.
This Jewellery Stock Is Targeting 50% Annual Revenue Growth And 700 Stores By FY30. Can It Deliver?
The company is targeting revenue growth from about Rs 2,500 crore currently to Rs 12,000 crore by FY30. According to Kushwaha, the growth strategy rests on two key pillars: stronger sales from existing stores and a rapid expansion of its retail footprint.
Indian auto retail records strongest May performance
Total vehicle registrations stood at 25,31,067 units, reflecting a 9.55% year-on-year increase.
Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand ahead
Indian auto retail sales grew 9.6 percent in May, overcoming heat and fuel price concerns. Passenger vehicles led the surge, with rural markets showing strong demand. Two-wheeler sales also increased. Dealers anticipate continued growth driven by monsoon progress and upcoming festivals. Electric vehicle adoption is rising across segments. The industry remains cautiously optimistic for the coming months.
Market canvas widens; NSE's investor base swells past 26-cr on retail rush - Business Standard
Market canvas widens; NSE's investor base swells past 26-cr on retail rushBusiness Standard
SpaceX IPO: How can retail investors buy shares? - Explained
SpaceX plans IPO at $1.75 trillion valuation, heavy retail demand and global access varies, brokers set low entry, risks include no near-term profits and very high growth expectations
Retail holding tops FIIs in 118 Nifty 500 stocks since March 2024; who won?
In last two financial years, retail investors increased holding in 118 Nifty 500 stocks where FIIs cut stake; of these 65 stocks trade below March 2024 levels amid tepid market mood, shows data.