Jul 12 | Bhaisahab, ye kis line mei aa gaye aap?
FinMach
In today’s New:
Gautam Adani enters telecom
Sri Lanka's parliament to elect new president on July 20
Rupee falls to record low against US dollar
Short Bites
India may surpass China in population in 2023: UN Report
Prime Minister Narendra Modi unveils the bronze National Emblem cast on the roof of the new Parliament Building
Inflation has pushed 71 million people into poverty since Ukraine war
JEE Main results: 14 candidates score perfect 100
Gautam Adani enters telecom
After Adani Group confirmed its entry into the telecom sector, investors dumped Bharti Airtel stock and bought shares of the troubled Vodafone Idea.
Airtel shares slumped 5.2 per cent to hit the day's low at Rs 658.95.On the other hand, shares of Vodafone Idea rallied up to 6.5 per cent to hit Rs 8.95 on NSE.
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Rupee falls 22 paise to record low of 79.48 against US dollar
The rupee depreciated by 22 paise to close at a fresh lifetime low of 79.48 (provisional) against the US dollar on Monday, tracking a strong greenback overseas and subdued domestic equities. However, receding crude oil prices in the international market restricted the rupee's loss, forex traders said.
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IAC Vikrant completes 4th phase of sea trials ahead of next month's induction
India's first indigenous aircraft carrier (IAC) Vikrant on Sunday successfully completed the fourth phase of sea trials ahead of its commissioning into the Indian Navy next month. The sea trials of the 40,000-tonne warship involved the testing performance of the critical equipment and systems relating to onboard aviation facilities, officials said.
The aircraft carrier, built at a cost of around Rs 23,000 crore, is set to be delivered to the Indian Navy by end of this month followed by its commissioning around August 15 to commemorate the 'Azadi ka Amrit Mahotsav'.
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PM to launch SGX Nifty trade at GIFT
Nifty futures contracts on Singapore Exchange (SGX) are set to start trading at the International Financial Service Centre (IFSC) in Gandhinagar on Friday.
Prime Minister Narendra Modi will launch the dollar-denominated Nifty futures and inaugurate the India International Bullion Exchange (IIBX) at the Gujarat International Finance Tec (GIFT) City.
Sri Lanka's parliament to elect new president on July 20
Sri Lanka's parliament will reconvene on July 15 and a new president will be elected on July 20, the parliamentary speaker said on Monday, as President Gotabaya Rajapaksa plans to resign on Wednesday amid a devastating economic crisis.