The BJP has launched a blistering attack on election strategist and JDU vice president Prashant Kishor, who has said that the JDU must get more seats to contest in NDA seat distribution for 2020 Assembly elections. In a series of tweets, Bihar Dy CM Sushil Modi called Kishor a businessman, who didn't enter politics out of ideological conviction, but for making profit. He added that Kishor, who makes money by collecting election data and framing slogans, is hell bent on harming the NDA in Bihar.

The BJP has launched a blistering attack on election strategist and JDU vice president Prashant Kishor, who has said that the JDU must get more seats to contest in NDA seat distribution for 2020 Assembly elections. In a series of tweets, Bihar Dy CM Sushil Modi called Kishor a businessman, who didn't enter politics out of ideological conviction, but for making profit. He added that Kishor, who makes money by collecting election data and framing slogans, is hell bent on harming the NDA in Bihar.

Stock market indices snapped five-day rally on Wednesday pulled down by profit booking and weakness in IT and Auto stocks.
The Sensex&nbsp;ended the session 345 points in the red and the Nifty fell 0.87% to close at 10,705.
Bajaj Finance, Zee, Asian Paints, Tata&nbsp;Motors and HCL&nbsp;Tech were the top Nifty losers. While, IndusInd&nbsp;Bank, Vedanta, JSW&nbsp;Steel, Hindalco and DRL were the top gainers.
The rupee slipped 9 paise to settle at 75.02 against the US dollar.

Yes Bank's capital raising committee&nbsp;has approved its plan to raise funds via a follow-on public offer. The committee is scheduled to meet again on or after July 10 to consider and approve, among other things, the price band and discount, if any. As per some reports, the FPO size is likely to be in the ₹12,000-15,000 crore range.

State Bank of India&nbsp;announced that it has reduced its marginal cost-based lending rate by 5-10 bps for shorter tenor loans. The new rates will be effective from July 10, 2020 in order to boost credit off-take and revive demand. With this&nbsp;14th consecutive reduction,&nbsp;SBI&rsquo;s MCLR&nbsp;for&nbsp;upto&nbsp;three&nbsp;months tenor comes down to 6.65%.

The second-largest private sector lender ICICI Bank has decided to reward over 80,000 of its frontline employees with a salary hike of up to 8%. These employees form over 80% of its overall workforce and the decision has been taken in recognition of the services rendered during the Covid-19 pandemic, news agency&nbsp;PTI&nbsp;reported. These employees are&nbsp;frontline staff mostly in customer-facing roles. They ensure the functioning of branches and other operations of the bank. The development comes at a time when a slew of organisations have been forced to stall salary hikes or even cut salaries as they seek to get some control over costs.

Benchmark indices&nbsp;open in the green on Wednesday following Asian peers. PSU&nbsp;Banks and metal stocks also supported the market.
At 9:20 am, the Sensex was 77 points higher at 36,751 and the Nifty was at 10,831.
IndusInd&nbsp;Bank, JSW&nbsp;Steel, SBI, Tata&nbsp;Steel and UPL&nbsp;were the top gainers.
Nifty PSU&nbsp;Bank index was up 1.8% and Nifty Metal index was 1.1% high.

Stocks markets ended Tuesday with gains led by IT and banking shares. The Sensex&nbsp;rose 187 points and the Nifty ended the session near 10,800, up 0.33%.
Bajaj&nbsp;Finance, IndusInd&nbsp;Bank, Bajaj&nbsp;Finserv, Eicher&nbsp;Motors and ICICI&nbsp;Bank were the top Nifty gainers. Whereas, Adani&nbsp;Ports, Powergrid, Grasim, BPCL and ITC&nbsp;were the top losers.
The rupee extended the losses and settled 25 paise lower at 74.93 against the US dollar.&nbsp;
&nbsp;

Indian stock markets opened almost flat on Tuesday following mixed Asian peers.
At 9:20 am, the Sensex&nbsp;was 58 points in the green while Nifty was trading at 10,769.
Bajaj&nbsp;Finance, Infosys, Bajaj&nbsp;Auto, Bajaj&nbsp;Finserv&nbsp;and Tata&nbsp;Motors were the top gainers. Meanwhile, Powergrid, BPCL, ONGC, Infratel&nbsp;and Zee&nbsp;were the top five Nifty losers.
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Stock markets surged on Monday to end with strong gains following global peers.
The Sensex&nbsp;jumped 465 points and the Nifty ended the day at 10,763, up 1.47%.
M&amp;M, Bajaj Finance, Hindalco, Tata&nbsp;Motors and Reliance were the top Nifty gainers. Whereas, Bajaj&nbsp;Auto, GAIL, Bharti&nbsp;Airtel, Wipro and Dr Reddy&nbsp;were the top five losers.
The rupee pared initial gains and settled 2 paise down at 74.68 against the US dollar.

Revenue of telecom service providers through wireless services is likely to fall in the first quarter of FY21 due to the nationwide lockdown, according to a report by Emkay Global Financial Services. The report noted that the lockdown delayed recharges by low ARPU (Average Revenue Per User) prepaid subscribers on account of the impact on income levels along with curbed subscriber additions, SIM consolidation and absence of international roaming revenues.&nbsp;Bharti Airtel&nbsp;and Vodafone Idea are likely to see 5% quarter-on-quarter&nbsp;fall in ARPU. Home broadband to see a healthy increase in new connections, boosted by the lockdown, it said.
&nbsp;

Yes Bank will auction properties of Thapar Group's Avantha Holdings and Oscar Investments Ltd of Singh brothers alongside those of some individuals later this month to recover loan dues of over ₹1,000 crore. The sale of immovable assets will take place through e-auction on various dates in July under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

Equity benchmarks surged in the opening session on Monday following positive global sentiment.
At 9:20 am, the Sensex was 285 points higher at 36,307 and the Nifty was trading above 10,700, up almost a percent.
HDFC&nbsp;Bank, IndusInd&nbsp;Bank, Bajaj&nbsp;Finance, ITC and Eicher&nbsp;Motors were the top market movers.

Vedanta will be dropped from the Nifty 50 index and other indices from July 31 as the&nbsp;company&nbsp;proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the Nifty 50 index. Apart from that, SBI Cards and Payment Services would replace Vedanta in Nifty 500, Nifty 200, Nifty 100&nbsp;and Nifty Midcap 250 indices.

American&nbsp;tech giant&nbsp;Intel will invest ₹1,894&nbsp;crore in Reliance Industries' Jio Platforms, making it the twelfth high-profile investment in the firm in less than three months. As per the deal, Intel will have 0.39% stake in RIL's digital arm. The Intel deal values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
&nbsp;

Indian equity&nbsp;markets opened higher on Friday following positive global&nbsp;cues.
At 9:25 am, the Sensex was 225 in the green at 36,069 and the Nifty was trading above 10,600, rising 0.56%.
Tata Motors, UPL, Axis Bank, BPCL&nbsp;and L&amp;T were the top Nifty movers.
&nbsp;

Moody's Investors Service on Thursday said the amendments to India's bank resolution framework are credit positive as they will help preserve depositor confidence. On June 26, the government amended the Banking Regulation Act, 1948, allowing the Reserve Bank of India&nbsp;to initiate the resolution of a weak bank by reconstructing its capital or merging it with another bank without the prior requirement of imposing a moratorium on its depositors or creditors.
&nbsp;

Indian stock markets ended with a strong note on Thursday tracking&nbsp;global cues.
The Sensex&nbsp;jumped 429 points and the Nifty closed 1.17% higher at 10,551.
M&amp;M, Hero Moto&nbsp;Corp, Cipla, Titan and HCL&nbsp;Tech were the top Nifty movers.
The rupee appreciated 56 paise to settle at 75.04 against the US dollar.&nbsp;

Tesla stock surged on Wednesday in US trading, surpassing Toyota as&nbsp;the most valuable carmaker in the world. Shares of the American electric vehicle manufacturer climbed by 5% in early trading to a record $1,133, giving the company a market value of $209.5 billion.&nbsp;Toyota is valued at $202 billion.

Equity markets surged in the opening trade on&nbsp;Thursday led by positive global cues and banking stocks.
At 9:20 am, the Sensex was 300 points higher and the Nifty was trading above 10,500, rising 0.76%.
M&amp;M, Bajaj&nbsp;Finance, ONGC, L&amp;T and IndusInd&nbsp;Bank were the top Nifty gainers. 46 out of 50 stocks in the Nifty&nbsp;index were in the green.

The Reserve Bank of India on Wednesday said the government has approved a special liquidity scheme for NBFCs&nbsp;and HFCs&nbsp;to improve their liquidity position. This will help in avoiding any potential systemic risks to the financial sector. The Special Purpose Vehicle or&nbsp;SPV will purchase the short-term papers from eligible NBFCs/HFCs, who shall utilise the proceeds under this scheme solely for the purpose of extinguishing existing liabilities.

Gold prices in India on Wednesday hit fresh record highs, tracking higher global rates. On MCX, August gold futures rose 0.4% to&nbsp;₹48,982 per 10 gram while silver futures were up 0.8% to&nbsp;₹50,779 per kg. In global markets, gold prices edged closer to near an eight-year high&nbsp;as demand for the safe-haven metal was boosted by worries about the global economic impact of surging coronavirus infections in many countries.
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Core sector output fell a record 5.2 per cent in September, with production by seven of the eight industries declining. The numbers point to&nbsp;&nbsp;slow economic growth in the second quarter of this fiscal year too. Data by the commerce and industry ministry showed production in coal, crude oil, natural gas, refinery products, steel, cement, and electricity declined in September.&nbsp;Coal&nbsp;contracted the steepest by 20.5 per cent.&nbsp;
Some economists say contraction at this rate has not been witnessed &nbsp;since at least 2005 and&nbsp;indicates the severity of industrial slowdown.&nbsp;

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