WORLD
Hotel Influenza is paying $3,500 for staying and getting infected
The centre hopes that such initiatives of targeted research will improve seasonal flu vaccinations with a long-term goal in developing a universal vaccination of flu.
WORLD
News in Pics: Your daily dose of pictures from around the world
Moneycontrol brings to you select pictures that are making headlines across the globe.
BUSINESS
Fitch Ratings affirms long-term ratings of ICICI and Axis Bank; revises outlook on Axis to negative
However, Fitch has downgraded ICICI's Support Rating to '3', from '2', and revised downwards its Support Rating Floor to 'BB+', from 'BBB-'.
BUSINESS
Government asks departments to get finance ministry's approval for events above Rs 40 lakh
An official memorandum stated, ‘It has been decided that henceforth only proposals involving expenditure above Rs 40 lakh for international as well as domestic seminars/ conferences/ workshops etc. will need to be referred to the Department of Expenditure.’
SCIENCE
Interstellar dust found on earth older than our solar system
The pre-solar interstellar dust that formed the very building blocks of planets and stars represents exotic grains.
BUSINESS
TCS ends at record closing high post Rs 16,000 cr buyback approval
The buyback is subject to approval of the members by means of a special resolution through a postal ballot.
BUSINESS
Elon Musk buys 72,500 shares worth $25 million of Tesla stock
Musk’s decision of purchasing the shares comes right on the back of Tesla announcing a 9 percent cut in its salaried workforce outside vehicle production of 46,000 employees.
BUSINESS
Late recovery lifts Nifty above 10,800; IT, pharma stocks lead; banks dip, TCS at record close
The Nifty IT index rallied over 2 percent following sharp depreciation in the rupee and share buyback announcement by TCS..
BUSINESS
Using Cortana? Update soon or your Windows 10 PC can get hacked
Research by McAfee says Cortana has a code execution vulnerability that could allow hackers to use it to hack your Windows 10 PC.
BUSINESS
Bank write-offs in FY18 jump to Rs 1.44 lakh crore
The write-off this financial year has soared 61.8 percent as against Rs 89,048 crore in the previous year.
WORLD
Norwegian politicians nominate Donald Trump for Nobel Peace Prize
This nomination puts Trump in the league of some distinguished political leaders who have been nominated for the award in the past like Vladimir Putin and Fidel Castro. If he wins, then he will join Barrack Obama as a recipient of the award.
BUSINESS
Centre rejects NITI Aayog proposal to cut stake in non-strategic PSUs to below 50%: Report
The government currently holds 51 percent or more in over 25 central public sector enterprises (CPSEs)
CURRENT-AFFAIRS-TRENDS
Couple with special needs child refused boarding by airline citing 'safety concerns'
As per the mother's social media post, it was a 90-minute ordeal with the whole flight being held up and them being told that their baggage was going to be offloaded along with them
WORLD
Pervez Musharraf barred from contesting election by Pakistan Supreme Court
Chief Justice Nisar had enquired about Musharraf’s intention of coming back to Pakistan earlier in the day and had ordered the Deputy Attorney General to submit an update about Musharraf’s appearance in the court at the earliest.
WORLD
CIA names Vishwa Hindu Parishad, Bajrang Dal as 'religious militant organisations'
The CIA’s World Factbook is an annual publication that provides information of close to 266 countries recognised by the United States with a two-to-three-pages summary of each country.
CRYPTOCURRENCY
Market manipulation by Tether created the 2017 Bitcoin spike: Reports
According to their analysis, half of the cryptocurrency value spike took place within hours after a batch of Tether coins began hitting cryptocurrency exchanges.
BUSINESS
Ashok Leyland, HDFC Bank among 10 portfolio picks by Emkay Global
Here is a list of top 10 stocks handpicked by Emkay Global that could return 13-85 percent over the next 12-18 months
INDIA
9 people killed in floods across Northeast India, lakhs displaced
A compensation of Rs 5 lakh has been announced for the kin of those who lost their lives in the floods
BUSINESS
TCS announces share buyback of up to Rs 16,000 crore
TCS's board approved a proposal to buy back up to 7.6 crore equity shares "for an aggregate amount not exceeding Rs 16,000 crore
BUSINESS
Essel Mutual Fund to launch multi cap fund on June 18; offer to end July 2
The scheme will invest at least 65 percent of its corpus in large, mid and small-cap stocks, while the rest will be invested in bonds and money market securities
INDIA
‘UFO’ spotted over Modi’s residence Delhi: Officials say nothing threatening found
This is not the first time such an incident has occurred. In September 2017, the Delhi Police control room received information about the sighting of a drone-like flying object around the Parliament area.
BUSINESS
BL Kashyap & Sons rises nearly 4% on orders win worth Rs 694 crore
The total order inflow during the Year 2018 upto May 2018 stands at Rs 694 crore.
BUSINESS
Canara Robeco Mutual Fund changes fund management of two schemes
Canara Robeco Consumer Trends Fund will be managed by Cheenu Gupta, and Canara Robeco Income Saver Fund will be handled by Miyush Gandhi along with Avnish Jain
BUSINESS
ICICI Bank appoints former SC judge to probe Chanda Kochhar, succession plan begins: Reports
Srikrishna will investigate whether Kochhar violated the bank’s code of conduct and if she was involved in quid pro quo transactions with certain bank borrowers
