The domestic equity market declined on Monday as investors were caution ahead of the Union Budget on 5 July 2019. Mixed global cues and rise in crude oil prices also affected investors’ sentiment.The RBI clarified today, 24 June 2019, that a few weeks ago, Dr. Viral V. Acharya, submitted a letter to the RBI informing that due to unavoidable personal circumstances, he is unable to continue his term as a deputy governor of the RBI beyond 23 July 2019. Consequential action arising from his letter is under consideration of the competent authority.
Private equity firms are under pressure to boost their use of environmental, social and governance (ESG) criteria as debt investors and limited partners in their funds. European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran.
NTPC has signed a Joint Venture Agreement with Power Grid Corporation of India to incorporate a Joint Venture Company (JVC) with equity participation of 50:50, respectively with an objective to undertake the business for distribution of electricity in distribution circles in various States and Union Territories of India and other related activities.
After the appointment of Interim Resolution Professional, the power of board members at Jet Airways suspended
Glenmark Pharmaceuticals Ltd (Glenmark), a research‐led global integrated pharmaceutical company, announced that its Brazilian subsidiary, Glenmark Farmacêutica Ltd has entered into an exclusive partnership agreement with Novartis Biosciences S.A, a subsidiary of Novartis AG, for three respiratory products indicated towards treatment of the symptoms of chronic obstructive pulmonary disease (COPD) in Brazil.
Ramco Systems in an exchange filing said European multimodal logistic player Forwardis has signed Logistics Digital Transformation program with the company.
Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.13%.
Australia stocks were higher after the close on Monday, as gains in the A-REITs, Telecoms Services and IT sectors led shares higher. The S&P/ASX 200 gained 0.22%.
China’s Shanghai Composite gained 0.2% by 10:30, while the Shenzhen Component dropped 0.2%. Hong Kong’s Hang Seng Index climbed 0.4%.
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