Indian benchmark equity indices ended the day with gains in a volatile market on Thursday, driven by strong performance in private banks and metal stocks, although declines in pharmaceutical stocks limited the overall upward movement.
Indian recurve archery outfits missed out on a medal at World Cup Stage 3, but are nearing Paris Olympics team quotas based on rankings. Indian women finished fourth, while men reached last 16. They await official list on Monday. Rankings will decide top two non-qualified countries for Olympics. India secured individual quotas, aiming to secure team quotas for all events in Paris. Women's team almost qualified, lost to France in semis and Japan in bronze play-offs. Men's team lost to Netherlands in pre-quarterfinals.
West Bengal Education Minister criticizes Centre for cancelling UGC-NET due to integrity concerns. NEET irregularities under Supreme Court review. CBI to probe. Ministry cancels exam based on cyber threats, promises transparency. Jadavpur University Teachers' Association seeks new exam date. National Eligibility Test conducted in pen-and-paper format with record registrations.
Consumer Affairs Ministry seeks public comments on draft guidelines to curb unsolicited and unwanted business communications like promotional calls and text messages until July 21.
The Indian rupee fell to a lifetime low of 83.62 against the US dollar on Thursday. Record block deals worth Rs 23,000 crore on Wednesday, which included Vodafone Plc's stake sale in Indus Towers, is said to be among the triggers behind the INR slide. The local currency had closed at 83.4550 in the previous session.
The Centre has urged West Bengal to expedite the drafting of Rules under the four Labour Codes, emphasizing the benefits for all societal sections, including women and migrant workers. The Centre reassured Delhi and Tamil Nadu that existing state schemes will remain unaffected post-implementation. Labour secretary Sumita Dawra led discussions on state readiness and rule alignment.
A complaint was filed against JD(U) MP Devesh Chandra Thakur in Bihar's Muzaffarpur for his remarks about not obliging certain communities who voted for his rivals in the Lok Sabha poll, with the case scheduled for hearing on July 2. Thakur's comments have drawn criticism from RJD and mixed responses from JD(U)-BJP leaders, sparking a debate on caste prejudice and community division in politics.
India is emerging as the most attractive consumer market globally, with consumption trends merging with large cities. The services sector is expected to drive strong economic growth, and India is poised to be a global hotspot for economic growth. Manufacturing growth has remained stagnant, but future growth depends on new policy initiatives.
Navneet Munot says, “There are many kinds of retail money. There are investors or speculators doing intraday, people playing F&O, the opportunistic people and the long-term investors who are doing in a very disciplined manner through the SIP. The most positive thing is the structural flow of money through the SIPs. The other part of the money will depend on the market cycle.”
Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi, accusing him of failing to address alleged paper leaks in competitive exams and claiming that the PM has "psychologically collapsed" following the Lok Sabha disappointment. Gandhi referenced a video of a shoe being thrown at Modi's car, stating that the country is no longer scared of him due to a strong opposition.
MarketsMojo appointed Amit Golia as group chief executive. Golia led investments at Tata Digital and has experience in fintech and securities firms.
The Nifty IT index closed 0.03 per cent up at 34936.45.
Zoomcar Holdings has partnered with Air India Express to offer customers the ability to book self-drive cars directly from the airport through the airline's mobile app and website in 19 cities. The collaboration provides extensive fleet options, including space for baggage with add-on packs, enhancing personalized travel experiences for guests.
The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.
The death toll from this year's hajj in Saudi Arabia has surpassed 1,000, with many unregistered pilgrims succumbing to extreme heat in Mecca during the annual Islamic pilgrimage.
NASA administrator Bill Nelson announced an expanded collaboration with India, including a joint effort aboard the International Space Station with an Indian astronaut. The US and India aim to deepen interoperability in space, commencing advanced training for ISRO astronauts at NASA's Johnson Space Centre. Efforts will support future human spaceflight and address global challenges.
Indian Railways conducted a successful trial run on the Chenab Rail Bridge, the world’s highest railway bridge, connecting Sangaldan in Ramban district to Reasi. Union Railway Minister Ashwini Vaishnaw confirmed the progress. The USBRL project is nearing completion, with a full inspection scheduled for late June. The inaugural train service is expected to start on June 30.
Harvard University in its health blog has chalked out a plan for heat safety. Here is a look at it.
The 30-share BSE Sensex closed up 141.34 points at 77478.93
Dindigul Farm Product IPO opened for subscription earlier today and has already been subscribed over 3X so far. The shares are trading with a premium of Rs 74 in the unlisted market as compared to an offer price of Rs 54. This indicates a listing gain of nearly 137% if the trends sustain.
Tencent is removing 'Dungeon & Fighter' from selected Android app stores as contracts expire, sparking issues over revenue sharing in China's mobile game market.
India's Biocon is seeking a Chinese partner to conduct clinical trials on generic versions of Novo Nordisk's popular diabetes drug Ozempic and weight loss treatment Wegovy. Biocon aims to eventually launch these generics globally, with plans to find a partner for the trials on over 500 patients in China, citing the substantial investment required. The move comes ahead of the patent protection expiry on key ingredients in the drugs in 2026.
The escalating trade tensions between Europe and China over electric vehicles have the potential to ignite a new trade war. As Europe imposes tariffs on Chinese EVs, China retaliates by targeting European farmers, particularly in the pork industry. This tit-for-tat strategy threatens to impact various sectors on both sides.
