Here's a rundown of 11 significant news stories to keep you in the know:

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This mutual fund has turned Rs 10 lakh investment into Rs 71.5 lakh in 15 years

Since its inception on May 23, 2008, the ICICI Prudential Bluechip Fund has delivered a compounded annual growth rate (CAGR) of 13.98 percent. For perspective, this return means that Rs 10 lakh invested during the new fund offer (NFO) of scheme would have grown to Rs 71.5 lakh currently. In the same year, an investment in the benchmark of the scheme would have fetched the investor Rs 46.8 lakh, the fund house said.

Honda’s latest offering makes its global debut; aims to ‘Elevate’ the SUV game in India

Honda Cars premiered its new sports utility vehicle (SUV), the Elevate, on Tuesday, marking the company’s re-entry into the SUV space. The Elevate will be sold first in India, with bookings opening in July 2023 and a price announcement to follow. The launch is set to take place during the festive period.

The Elevate is built on Honda’s Global Small Car platform and features a 1.5-litre petrol engine, with a hybrid expected to join the line-up later. An electric SUV based on the Elevate is also set to be launched within the next three years.

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