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• India-Russia ties: The optics of Modi with Putin when Nato meets in WashingtonWhile Nato meets from July 9-11 in Washington to discuss Ukraine, Prime Minister Narendra Modi will visit Russia on July 8-9 to meet President Vladimir Putin. Nato’s primary focus will be on supporting Ukraine and potential membership, as emphasized by Secretary General Jens Stoltenberg. Indian Foreign Secretary Vinay Kwatra assures Modi's visit is pre-scheduled. This visit challenges Russia’s isolation narrative, reinforced by Hungary's recent support. Moscow-based expert Aleksei Zakharov underscores the significance of Russia's neutrality in India-China disputes. The trip addresses US concerns over India-Russia military-tech ties.
• Sebi weighs tighter checks for stocks at F&O entry gateIn its June 8 consultation paper, Sebi had sought feedback from market participants for its plan to revise the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.
• China's yuan slips to fresh 7-month lows as outflows mountChina's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
• Alliance with TDP, JanaSena a 'case study': Andhra Pradesh BJP chief Daggubati PurandeswariThe BJP-TDP alliance in Andhra Pradesh, with the involvement of JanaSena Party, is highlighted as a successful coalition model by BJP's Andhra Pradesh unit president, Daggubati Purandeswari. Despite BJP joining the alliance later, strong coordination mechanisms have been established at all levels, leading to a consolidated electoral and governance approach. The alliance's synergy is attributed to shared ideological values, such as 'Antayodya' and 'Sabka Saath, Sabka Vikas', emphasizing the common ideologies of the partners.
• Continuity in key ministries will be welcomed by markets: Swaminathan Aiyar​As of now, I think it is just settling down. Yes, it is a coalition cabinet as was the last one. And yes, in this one, the allies will have some more representation, but it remains continuity for the most part, continuity and the BJP stamp on it is unmistakable.
• Result day today, keep your shirt onStockbrokers advise clients to keep extra margins for trading on election results day amidst rising volatility index, exceeding exchange limits, and cautioning investors to heed advice. Markets react to GDP data and upcoming central bank review. Incoming government's monetary and fiscal policies will impact market. Budget and policy continuity influence systematic investment.
• GameStop soars over 70% as 'Roaring Kitty' reveals $116 million bet in Reddit postGameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
• Congress does a U-turn on decision to boycott exit polls after discussion with INDIA blocThe Congress announced it will participate in exit poll debates on TV, reversing its earlier decision to boycott them. Congress leader Pawan Khera stated that the INDIA parties aim to expose the BJP and its ecosystem. This change follows criticism from the BJP, which accused Congress of conceding the elections. Election results will be announced on June 4.
• Jennifer Lopez and Ben Affleck put up a united front amidst divorce rumorsJennifer Lopez and Ben Affleck were seen attending the graduation party of their daughter together. This was the first event in two weeks when the couple were spotted together.
• Raghuram Rajan on politics: ''My business is not kissing babies''Former RBI governor Raghuram Rajan dispels political rumors, supports Rahul Gandhi's leadership, and advocates for faster Indian economic growth by 2047. He critiques India's current growth rate and job creation efforts, emphasizing the need for faster development.