MONEYCONTROL DAILY: YOUR ESSENTIAL 7

Market BuzzOla Electric IPO's anchor book likely on August 1; issue may launch between August 2-6 for public

Bhavish Aggarwal-led Ola Electric is gearing up to launch the anchor book for its widely anticipated IPO on August 1, with the issue likely to open for public subscription from August 2 to August 6, multiple industry sources in the know told Moneycontrol. August 3 and August 4 fall on the weekend. More here

Watch OutTake a look at these key events

Today:

PM to chair NITI Aayog Governing Council meet

Q1 results: ICICI Bank, IDFC First Bank, Dr Reddy’s, JK Bank, NTPC, ACC

APJ Abdul Kalam's Death Anniversary

Dr. Reddy's to consider stock split

Donald Trump to address Bitcoin 2024 conference

Nio Phone 2 launch

Lenovo Xiaoxin Pad Pro 12.7 (2025) tablet launch

Tomorrow:

Nepal, India, Bangladesh to sign tripartite power trading deal

IBPS Clerk 2024 registration deadline ends

Sikhs for Justice plans to hold Khalistan referendum in Canada

Jamshedpur to host Durand Cup for first time

Big StoryApple to make iPhone 16 Pro and Pro Max models in India this year

Apple Inc. will assemble the top-of-the-line Pro and Pro Max models of its upcoming iPhone 16 series in India for the first time through its partner Foxconn, bolstering its manufacturing presence in the country as part of a plan to diversify production beyond China, people familiar with the matter said. More here

PoliticsAyodhya loss still fresh, BJP now seeks redemption with Milkipur bypoll

The upcoming bypoll in Ayodhya’s Milkipur, part of Faizabad parliamentary constituency, triggered by Awadhesh Prasad's recent election to Parliament, has become a focal point of prestige for both the Bharatiya Janata Party (BJP) and the Samajwadi Party (SP). More here

Your MoneyITR filing 2024: Claiming tax deductions? Here's how to switch from new to old regime while filing returns

Salaried individuals can switch between old and new tax regimes every year. Budget 2023 designated the new, simplified tax regime as the default structure and many salaried tax-payers who wanted to stick to the old regime missed explicitly picking the latter while submitting their proposed investment declarations in April 2023. More here

Tech TattleApple cuts prices of all iPhone models in India, here are the new prices

Moneycontrol has verified the prices on Apple’s online store and the prices have officially been cut. It is the first time Apple has cut prices just a few months before the launch of new iPhone models, which is expected to happen in September 2024. More here

TailpieceAn economist outsmarted the lottery and won 14 jackpots. He explains the math

Romanian economist Stefan Mandel, with the backing of a dedicated syndicate and strategic acumen, managed to clinch 14 lottery jackpots across the globe. Mandel's journey began with a fundamental understanding of lottery mechanics. More here

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