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# 299 Daily Money Show | Money Purse Stock Market News
Takeaway
Tata Motors' 500-EV order with Lithium signals aggressive EV-fleet push; music-industry royalty stocks set to benefit from doubled IPRS collections.
Summary
- Sensex closed at 57,356 (+776); Nifty at 17,200 (+246); GST collections expected ₹1.45-1.5 lakh crore for April
- Tata Motors signed MOU with Lithium Urban Technologies for 500 Xpres-T electric sedans for fleet/government deployment, phased delivery over next year
- Saregama stock fell sharply due to ₹10-to-₹1 face-value stock split (ex-date April 26) - mechanical not fundamental
- Music industry IPRS royalty collections doubled to ₹300 crore in FY21-22; ₹500 crore potential in next 2-3 years
- Avanti Feeds board to consider Q4 results and bonus issue on May 6; Veranda acquiring 100% of T.I.M.E. coaching institute for ₹287 crore (80% in phase 1, 20% over 2 years)
- Hubtown rights issue and Varun Beverages board meeting upcoming
tata-motorsmusic-industrystock-split
Original description
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