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#280 Daily Money Show | Money Purse Stock Market News
Original: # 280 Daily Money Show | Money Purse Stock Market News
Takeaway
Tata Motors EV pressure, Hero MotoCorp IT raids, and BlackRock $500M Indian wealth interest are key updates with semiconductor approvals positive for Tata/CG Power.
Summary
- Tata Motors negative update on EV/battery electric vehicles — raw material price pressures continue, 20% price hike implementation.
- Patanjali/Ramdev Baba related SEBI regulations and disclosure issues affecting Ruchi Soya stock.
- Income tax raids on Hero MotoCorp uncovered crores in bogus expenses; IT department using digital data analysis.
- BlackRock $500 million wealth fund interest in Indian renewable energy and power transmission/distribution stocks.
- Indus Towers stake updates: Vodafone Group selling 2.1%; Bharti Airtel related developments. Tata Power and CG Power semiconductor announcements positive.
market newsTata Motorssemiconductor
Original description
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