In the Indian car market, the EV space is growimg steadily, and Tata Motors is the current leader in this segment. The car brand currently only has two passenger EVs in its lineup – Nexon EV and Tigor EV – both of which are based on the brand’s existing ICE models. Reportedly, both Nexon EV and Tigor EV currently account for around 20 per cent of the overall sales of their respective model ranges (ICE + EV). The manufacturer anticipates EVs to contribute to over 20 per cent of its total PV sales by 2027-2028. In the first quarter of CY2022, EVs have accounted for 8 per cent of Tata’s total passenger car sales. Tata Motors plans to have 10 electric cars in its lineup by 2025. It revealed two concept EVs earlier this year – Curvv EV and Avinya – which were based on the brand’s generation-2 and generation-3 platforms, respectively. Tata Avinya which will be a bespoke EV, is expected to enter production by 2025.

Tata Motors is also planning to take its EV vertical global. The Avinya concept is being planned to be introduced in “mature markets” like Europe and the US. Shailesh Chandra – MD, Tata Passenger Electric Mobility (TPEM) – believes that “in electrification everyone is on the same page, or similar state of maturity. It’s not a gap of decades unlike in the ICE world”.

India’s borders are in need of safeguarding, it will never accept any attempt to “unilaterally change the status quo”, and a posture that “departs from established understanding” will evoke its own responses, said External Affairs Minister S Jaishankar on Tuesday, while he was addressing foreign diplomatic corps at a special event organised to celebrate eight years of the Modi government.

“We have overcome the hesitations of history and will not allow anyone a veto on our choices,” he said. India has been engaged with China for the past two years over border row in Eastern Ladakh.

Speaking about how self-reliance adds to making a stronger India, Jaishankar said that in the past, globalisation lead to “lowered defences”. “In the past, mantras of globalisation lowered its defences and discouraged building of deeper strengths. That realisation is responsible for the commitment we now see to Atmanirbhar Bharat,” he said.

Jaishankar said that India shares the international community’s disappointment with the United Nations. “While our endeavours will always remain supportive, we also share the disappointment of the international community of the UN’s declining effectiveness,” he said.

On Wednesday, SGX Nifty futures spiked 0.4 percent to 16,494 as of 7:05 am, hinting at a positive opening for Dalal Street. Shares of Reliance Industries, State Bank of India, Punjab National Bank, Adani Power, Hindustan Copper, among a few others will be in limelight today. Here are top stocks to watch out for in trade on June 8.

Adani Power Ltd – This power and energy company has acquired two real estate companies to set up infrastructure facilities.

State Bank of India | The state-owned lender has appointed Alok Kumar Choudhary as its new managing director.

Hindustan Copper Ltd – This company has resumed mining operations at the Surda mine in Ghatshila, Jharkhand, on Monday after the renewal of lease and obtaining the required Environment Clearance from the Ministry of Environment, Forest and Climate Change.

Reliance Industries Ltd – Reliance Jio Infocomm Limited has become the first telecommunications company to provide 4G mobile services in Pangong Lake, Ladakh.

Rail India Technical and Economic Service Limited – This company has signed a memorandum of understanding (MoU) with Grands Trains DU Senegal (GTS-S.A) for technical cooperation in the railway sector.

ICICI Prudential Life Insurance Company Ltd – This life insurance company has reported a 62.4 percent year-on-year increase in new business premium in the April-May period.

Punjab National Bank – The Bank’s Board has approved of making an investment of Rs 500 crore in PNB Housing’s rights issue.

Zee Entertainment Enterprises Ltd – Life Insurance Corporation of India has bought additional two lakh equity shares in the media company through open market transactions.

Cineline India Ltd – This company’s Board approved the issuance of up to 27,00,000 warrants to the members of the promoter group.

Fiem Industries Ltd – On Monday, SAIF India IV FII Holdings sold 1.6 lakh equity shares in the company.

Apple, on the WWDC 2022 stage announced not only new software updates like iOS 16 and watchOS 9, but also new hardware, the spotlight of which falls on the brand’s new redesigned MacBook Air. The 2022 MacBook Air now features an M2 chip (although the M1-based Air will still carry on to be available), a notched display, MagSafe support and more.

Apple claims that now the laptop has 500 nits of peak brightness on the display and the Air also comes with a silent, fan-less design. Apple suggests that the 2022 Air performs 40 per cent better than its predecessor thanks to the new M2 chip.

The notch on the new 2022 MacBook Air also has a 1080p FaceTime HD webcam now and Apple has also incorporated new microphones and Dolby Atmos-supporting speakers in the design now.

The new MacBook Air retains the Touch Bar that has now been removed from the newer MacBook Pro variants. However, the Touch Bar variant is priced higher than the regular 2022 MacBook Air that doesn’t have it.

It also has a new power adapter that helps charge the MacBook Air to 80 per cent in just 20 minutes is now available and it comes with two USB-C ports.

The all-new 2022 MacBook Air M2 starts at Rs 1,19,900 and Rs 1,09,900 for education. Apple has also announced the new 13-inch MacBook Pro with M2 which will start at Rs 1,29,900 and Rs 1,19,900 for education.

Apple had its annual WWDC in Cupertino this year, and as it was anticipated, it announced many new features for one of the most popular selling tablet lines in the world. Three years back, Apple split iPadOS from iOS in order to focus in a better way on the larger form factor. Apple has now launched a number of new features for iPadOS 16 including a new Weather app, Stage Manager multitasking, and more.

Craig Federighi said that Apple wants to “create a distinct experience that’s built on the best of iOS like security, mobility, and an intuitive touch-first interface with powerful capabilities from macOS like multitasking and trackpad support. Combined with features like Apple Pencil that are uniquely iPad. All of this comes together to deliver our most versatile device.”

It will be available for the following iPad devices:

– iPad (5th – 9th generation)

– iPad Air (3rd – 5th generation)

– iPad Mini (4th and 5th generation)

– iPad Pro (1st generation and up)

It has following new features:

1. Weather on iPad

2. iOS and macOS enhancements

3. Collaboration in iPadOS 16

4. Freeform

5. Metal 3 and other gaming enhancements

6. Desktop class apps and system-wide features

7. Stage Manager and windowed apps on iPadOS 16

8. M1 enhancements

9. Reference Colours

After many delays, Prime Minister Narendra Modi will lay the foundation stone for the much-awaited Bengaluru Suburban Rail project on June 20.

“Narendra Modi would lay the foundation stone for the Rs 15,000 crore Bengaluru Suburban Rail project on June 20. It is a major step in realising the long pending dream of Bengalureans,” said Karnataka Chief Minister Basavaraj Bommai Monday.

The project envisions to connect Bengaluru with its suburbs through a rail-based rapid-transit system that has been a dream of the state governments since 1983. The highly awaited project is anticipated to be completed by 2026 at an estimated cost of Rs 15,767 crore, and has often been dubbed “India’s most integrated rail project”.

The Rail Infrastructure Development Company, Karnataka, (K-RIDE) a joint venture of the government of Karnataka and the Ministry of Railways has the responsibility of conceptualising and implementing the rail project.

The Bengaluru Suburban Rail Project (BSRP) project was proposed first by an expert team from the then Southern Railway in 1983 and was estimated to be run across 58 km. The proposal was submitted as part of Karnataka’s first Transportation Survey commissioned by the then chief minister R Gundu Rao.

Bharti Airtel has removed the benefit of the Amazon Prime Video Mobile Edition trial with most of its prepaid plans. It had started offering the benefit under Airtel Thanks back in 2021. It was just a one-month trial that users got when they recharged with an Airtel prepaid plan. But that benefit has now been removed for the users. Amazon Prime Video Mobile Edition allows users to stream content through smartphone only. It was a fair benefit, and since it was a trial, it didn’t come again and again for the users.

As mentioned, the benefit has been removed from multiple prepaid plans, but not all plans.

There are only two Airtel prepaid plans that offer Amazon Prime Video Mobile Edition to the users now. These plans are priced at Rs 359 and Rs 108. The Rs 359 voucher is a regular prepaid plan, while the Rs 108 voucher is a 4G data-only plan.

Both the plans offer Amazon Prime Video Mobile Edition directly to the users under Airtel Thanks. This time there’s no trial but the complete benefit. With the Rs 359 prepaid plan, users will get Amazon Prime Video Mobile Edition for 28 days, while the Rs 108 plan offers it for 30 days.

Shares in Asia-Pacific were mixed on Monday, with Chinese stocks leading to gains regionally as tech stocks in Hong Kong surged.

Hong Kong’s broader Hang Seng index closed 2.71% higher at 21,653.90.

Shares of Chinese tech firms in Hong Kong surged following a Wall Street Journal report that regulators in China are concluding probes on ride-hailing firm Didi and two other U.S.-listed tech companies. Regulators are now planning to lift a ban on the firms, adding new users on their platforms, and permitting their apps back on domestic app stores, said the report.

Shares of Alibaba in Hong Kong gained 5.04% while Meituan jumped 9.93% and Baidu climbed 5.18%. The Hang Seng Tech index gained 4.64% to 4,601.95.

In mainland China, the Shanghai Composite closed 1.28% higher at 3,236.37 while the Shenzhen Component surged 2.664% to 11,938.12.

China’s Caixin Services Purchasing Managers’ Index released Monday came in at 41.4, finer than April’s reading of 36.2 but still in contraction territory.

The release comes on the back of last week’s official non-manufacturing PMI print of 47.8 for May, an enhancement over April’s reading of 41.9 but still below the 50 mark that differenciates expansion from contraction.

Banks and commodity-linked stocks helped European shares rise on Monday, as investors waited for U.S. inflation data and details from a European Central Bank meeting later this week. The pan-European STOXX 600 index gained 0.9 percent after losing nearly 1% the previous week due to concerns about economic growth amid rising prices and bets on major central banks tightening monetary policy.

“Chinese economic markets are assuming that we’re going to see a significant improvement in economic data over the course of the next two or three months,” said Michael Hewson, chief markets analyst at CMC Markets. “We’re seeing a modest rebound in Europe… markets are trading in a little bit of a holding pattern ahead of some key central bank announcements and data releases.”

Banks, which typically appreciate in a high interest rate environment, rose 1.7%. Miners climbed 2.5% and luxury stocks also rallied as sentiment in the sectors, which derive substantial demand from China, was elevated by authorities easing more curbs in Beijing and Shanghai.

British Prime Minister Boris Johnson will face a confidence vote later on Monday, the chairman of the 1922 Committee Graham Brady has told the lawmakers, post the documentation of a report which alcohol-fuelled parties when Britain was under strict COVID lockdowns.

US stocks ended slightly higher on Monday, aided by gains in Amazon.com and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market.

Shares of Amazon.com Inc rose 2% and were the biggest positive for the S&P 500 and Nasdaq after it had  its shares 20 for 1.

Apple Inc shares climbed 0.5%. The tech giant at its annual software developer conference declared among other things that it would more deeply integrate its software into the core driving systems of cars.

Among sectors, consumer discretionary and communication services had the day’s highest gains.