Moneycontrol Selects: Top stories this evening

A round-up of the big stories

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

Tesla's Elon Musk to meet PM Modi in April, visit India to disclose investment plans

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge told Reuters. Read more

Equity inflows slump 16% in March as smallcap funds see first outflows in 30 months

Smallcap mutual funds saw outflows for the first time in 30 months in March, as investors turned cautious after the capital markets regulator the Securities and Exchange Board of India (SEBI) raised concerns over "froth" in the segment. Read more

IndiGo becomes world's 3rd largest airline by m-cap as shares hit record high

Shares of InterGlobe Aviation Limited scaled fresh record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus extending their gains for fourth day in a row. Wednesday's gains made the carrier world's third largest airline in terms of market capitalisation. Read more.

India vs the world: Nifty outpaces China, Japan, Korea indices; will the outperformance continue?

As Indian markets hit fresh record highs in 2024, with the Sensex blazing past 75,000 and the Nifty moving towards 22,800, they are turning up the heat on global markets, outpacing several emerging and even developed markets. Read more.

MC Selects

JNU best for development studies in India, IIM-Ahmedabad for management: QS World University Rankings

India's ranked entries and overall performance soared by 19 percent and 17 percent, respectively in the QS World University Rankings by Subject 2024, released today, April 10. Jawaharlal Nehru University (JNU) is India's highest-ranked university, in 20th spot globally for development studies.  Read more

Vodafone Idea to launch Rs 18,000-20,000-crore FPO next week

Vodafone Idea (Vi) is gearing up to launch a follow-on public offer (FPO) to raise Rs 18,000-20,000 crore by the middle of the next week, sources have told Moneycontrol. Read more

MC Exclusive: Prashant Jain says 3P Fund’s outperformance like cricketer scoring a century on debut; Nifty should compound at 12%

India’s most celebrated value fund manager and former CIO of HDFC Mutual, Prashant Jain, attempted to moderate expectations of investors in his newly launched fund, even as the scheme delivered outstanding performance, generating nearly double the return seen in the Nifty since the fund kicked off in May 2023. Read more

Airmiles and frequent-flier programmes can get you free tickets, but not everything is free

Air India has relaunched its frequent flier programme, called Flying Returns. Faster upgrades to higher tiers and near-perpetual validity of points make the new version of Flying Returns much better than its earlier avatar. Use your frequent-flier points wisely and you'll be able to get free air tickets from time to time. Else, the wait can be really long. Read more