VGGS outreach: Gujarat chief minister Bhupendra Patel meets heads of foreign diplomatic missions in Delhi

Maharashtra transport minister Pratap Sarnaik announced new rules for drivers. Commercial passenger vehicle drivers must now know Marathi for their jobs. Failing to demonstrate this skill could lead to permit suspension. This directive applies to auto-rickshaws, taxis, and app-based cab operators. The state government aims for better communication and passenger safety.

Goldman Sachs has initiated coverage on four Indian auto ancillary companies, turning bullish on Sansera Engineering and Craftsman Automation while assigning Neutral ratings to Bharat Forge and Samvardhana Motherson. The brokerage believes a shift towards precision engineering, aerospace, defence, semiconductors and EV-related opportunities will drive long-term growth and improve margins.

SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.