Moneycontrol Selects: Top stories this evening

Top reads for you this evening.

Here is a collection of the most important stories this evening:

Budget 2024: A Rs 40,000-crore PLI scheme for electronics sub-assemblies and components likely to be announced

Budget 2024-25 could see India pushing its success story in production linked incentives (PLIs) for electronics further with the announcement of a new PLI for sub-assemblies and components. Read More

Bajaj Auto rolls out world's first CNG-powered bike Freedom 125 at Rs 95k 

Bajaj Auto has launched the world’s first CNG motorcycle-Freedom 125-at a starting price of Rs 95,000 (ex-showroom, India). To be available in Maharashtra and Gujarat in the first phase followed by other cities, it can be booked at its authorised showrooms as well on its official website. Read More

Over 42 lakh new demat additions in June; total demat accounts cross 16 crore

New demat account openings surged, hitting a four-month high in June, driven by continued foreign investor buying amid a bullish Indian market. Read More

MC Selects

'Manufacturers cannot depend upon ad-hoc policy, need consistency and long-term roadmap': Merc India MD

Mercedes-Benz India MD and CEO, Santosh Iyer talks about why policy consistency is necessary for sustainable EV growth and higher market penetration. Read More

Banks continue to battle with slow growth in deposits in June quarter

Deposits other than low cost are picking pace but banks need to draw their focus on garnering on CASA deposits, experts said. Read More

Defeated, what's next? Tough road ahead for Rishi Sunak, Britain's first Indian-origin PM

Sunak's defeat in the UK polls may mark the end of his career at the top of British politics. Even in his own constituency Richmond, he won with a significantly reduced vote share. Read More