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1 Jul, 7 tweets, 1 min read

Today: Covishield gets a green pass, June auto sales, & more.

The markets closed in the red today. IT, financials, and realty sector stocks were the main losers today.

Austria, Germany, Slovenia, Greece, Iceland, Ireland and Spain, and Switzerland have approved the Covishield COVID-19 vaccine for 'Green Pass'.

Estonia has confirmed that it will recognise all vaccines authorised by the government of India for the travel.

June Auto Sales:

Eicher Motors reported a 58% rise in sales of Royal Enfields to 43,048 units in June 21

Ashok Leyland reported an overall sales of 6,448 units in June 21 which is an increase by 102% over May.

Mahindra & Mahindra passenger vehicles business posted total sales of 32,964 units in June, an increase of 89% over May 21.

Tata Motors' passenger vehicle division sold 24,110 units in June 21. Tata Motors’ domestic sales rose 78% to 43,704 units.

Maruti Suzuki posted total sales of 1,47,368 units in June, an increase of 217% over the 46,555 units it sold in May.

Bajaj Auto sold 3,46,136 units in June 2021, an increase of 27.3% over May 21.

India's manufacturing activity contracted in June for the first time in 11 months.

Purchasing managers’ index (PMI) for the manufacturing sector dropped to 48.1 in June from 50.8 in May.

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More from @_groww

Groww

@_groww

4 Jul

In 1882, a boy named Charles was born in Lugo, Italy.

His family was not wealthy and was going through a rough phase.

(Thread)

But little Charles always liked money.

He moved to Rome to study in a university there but he never did well - something he himself admitted.

While in university, he spent most of his time in bars and cafes with his rich friends.

At that time, Italians were migrating to the USA in search of economic opportunities and Charles jumped on a ship too.

Read 43 tweets

Groww

@_groww

2 Jul

Today: Exports rise in June, pregnant women eligible for vaccine, & more

The markets closed in the green today. Pharma, financials, and realty sector stocks did well while metal was the main loser today.

Exports during the June quarter this year jumped to $95 billion due to healthy growth in sectors, including engineering, rice, oil meals, and marine products.

This is 85% higher than that of the same period last year where the exports were at $51 billion.

Read 4 tweets

Groww

@_groww

1 Jul

How did Elon Musk save Tesla?
Let's Dive.

Back in 2003, in Silicon Valley, 2 engineers, Martin Eberhard and Marc Tarpenning created Tesla.

The founders were looking for funding. Enter Elon Musk.

When eBay bought PayPal in 2002, Elon walked away with $180 million.

With $100 million into SpaceX, $10 million into SolarCity, and $70 million into Tesla, he became the chairperson of the company’s board.

Read 12 tweets

Groww

@_groww

27 Jun

In the late 1930s, much of Southeast Asia were European colonies.

The Dutch, the English, and the French, mostly.

The modern-day country of the Philippines was controlled by the USA.

Now, this period in the history of the world is extremely dark.

To truly understand why something happened the way it did, you’d have to turn around and investigate farther back in history.

We won’t be doing that today.

We’ll simply take it from a certain point in time because we have a specific lesson to learn from it.

So, back to the late 1930s.

The US and Japan were against each other.

Read 26 tweets

Groww

@_groww

25 Jun

Today: Aadhaar-PAN link date extended, PMC restrictions to continue, IPO and Q4 results corner, & more

The markets closed in the green today with cues from the Asian and US markets.

The government has yet again extended the last date to link your Aadhaar and PAN card to Sept 30 from June 30, 2021.

In case you fail to do so, your PAN will become invalid.

Read 6 tweets

Groww

@_groww

24 Jun

Today: Reliance AGM, S&P’s cuts India’s growth forecast, Shyam Metalics listing debut, & more

The markets closed in the green today with both Sensex and Nifty closing up by around 0.6%.

IT and banks performed well today while energy, realty, and pharma sectors fell today.

Retail shareholders have made 4x returns in just one year on their rights shares

Reliance welcomed Saudi Aramco as a strategic partner.

RIL to invest around ₹75,000 cr in the new energy business.

Read 8 tweets

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