Flipkart closes $950 million round with Google's $350 million at a valuation of $36 billion

Tech titan Google has invested around $350 million in Flipkart's $950 million round, sources told Moneycontrol. Flipkart commanded a valuation of $36 billion during the round, they added. Read details here

Take a look at these key events

Today
Hemkund Sahib Yatra to begin
LS elections 2024 Phase 6 polling for 58 seats
LS elections: Delhi metro services on all lines to begin at 4am
LS elections: Priyanka Gandhi to hold roadshow for Ajay Rai in Varanasi
Cyclone Remal landfall: Severe cyclonic storm to reach Bangladesh, WB coast
T20 World Cup: First batch of Indian players to depart for US
Tomorrow
Sankashti Chaturthi
JEE Advanced 2024
DD Kisan to launch AI anchors Krish and Bhoomi
Cyclone Remal update: WB, Bangladesh on alert
Leaders of South Korea, China and Japan to hold summit meet
IPL 2024 final
Mahindra XUV 3XO deliveries to begin

Six Adani group stocks trade at pre-Hindenburg report levels

Six Adani group stocks, including Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Ports & SEZ, have erased the losses triggered by a critical Hindenburg report and are now trading above their January 2023 levels. Read more here

Jaguar Land Rover to manufacture the iconic Range Rover in India

Jaguar Land Rover has announced plans to assemble the iconic Range Rover models in India, at the Pune plant, taking the process outside UK for the first time.   The prices of locally assembled Range Rovers are expected to significantly lower by 18-22 per cent - between Rs 1.40 crore to Rs 2.60 crore - depending on the model, after the local production. Range Rover Sport would be available for deliveries as early as August this year. Read more here

Hyundai also picks Kotak, MS to finalize syndicate; eyes $2.5 bn to $3 bn raise

South Korean auto giant Hyundai Motor Co has also picked investment banks Kotak Mahindra Capital and Morgan Stanley as it finalizes its syndicate of advisors for the mega listing of its arm Hyundai Motor India Limited on the domestic bourses, four persons in the know told Moneycontrol. Read here

Explained: How to get the best out of your direct plans in mutual funds

Only savvy investors who can cherry pick mutual funds on their own can opt for direct plans. Do-it-yourself (DIY) investors who are new to equity markets may end up choosing an unsuitable scheme if they pick schemes just by look at the difference in the expense ratio between direct and regular plans. But if you do not have the wherewithal of selecting funds or you can’t decipher markets, it’s best to go to an advisor. Read on

Explained: How to make withdrawals under National Pension System

Under NPS, you can make partial withdrawal of up to 25 percent of you contributions after completing five years, while premature withdrawals are not as simple – you can withdraw up to 20 percent as lump-sum after five years, but the rest has to be used to buy annuities. Then, at the time of final exit, there is the option of staggered, instead of one-time, withdrawal of the lump-sum component at maturity. Read more here