India, Taiwan threaten China’s top spot in emerging market equity portfolios

India and Taiwan vie closely to replace China in emerging market equity portfolios, with each now holding over 19% weightings in the MSCI EM Index, compared to China's 22.8%. This shift reflects robust stock rallies and a trend towards diversifying investments into AI chipmakers and infrastructure projects under Modi's modernization programs. Read more here

Take a look at these key events

Today
Bastille Day or French National Day
Jagannath Temple`s Ratna Bhandar To Open After 40 Years
Karnataka to hold all-party meeting on Cauvery water release
Pune airport’s new terminal to be functional
Wimbledon men’s final: Djokovic vs Alcaraz
Euro 2024: Spain vs England
Copa América finals: Argentina vs Colombia
Tomorrow
World Youth Skills Day
SpiceJet third and fourth quarter results
POCSO Case: HC exempts Yediyurappa from personal appearance in court
XAT 2025 Registration for MBA to begin
CLAT 2025 Registration to begin
Realme Buds Air 6 Royal Violet Colour Variant launch in India
iQOO Z9 Lite 5G launch

Sanstar IPO to hit Dalal Street on July 19, price band at Rs 90-95 per share

Sanstar, a manufacturer of specialty products and ingredient solutions, will launch its maiden public issue on July 19 with a price band of Rs 90-95 per share. The company aims to raise Rs 510.15 crore through its IPO of 5.37 crore equity shares at the upper price band. The IPO consists of a fresh issue of 4.18 crore equity shares worth Rs 397.1 crore by the company and an offer-for-sale (OFS) of 1.19 crore shares worth Rs 113.05 crore by the promoters. Read more here

Broader indices hit record highs; more than 40 smallcaps gain upto 40%

The broader indices extended their record run but ended on flat note and underperformed the main indices in the volatile week ended July 12. The BSE Small-cap index ended flat. HPL Electric & Power, PC Jeweller, Kellton Tech Solutions, Shipping Corporation of India, Rail Vikas Nigam, Sadhana Nitrochem, Tips Industries added between 20-40 percent. Read more here

Panasonic launches Lumix S9 compact full-frame mirrorless camera in India

Panasonic Life Solutions India has launched the Lumix S9 full-frame mirrorless camera in India. Panasonic says that it is the smallest and lightest Lumix S Series camera to date. The company has also launched the Lumix Lab app in India. Available in four colour options - Jet Black, Crimson Red, Dark Olive and Night Blue. Details about price, availability and features here

Electronics industry wants duty rationalisation, sops to compete with China, Vietnam

Ahead of Union Budget 2024, handset and electronics makers seek import duty rationalisation and phased reduction on mobile phone components to attract global value chains to India, enabling competitive manufacturing against China and Vietnam's simplified duty structures. Read more here

Pre-validating your bank account can help expedite refunds

If you have paid more tax than what you are liable to, either by way of advance tax or TDS (tax deducted at source), you are probably awaiting a refund. For that, there's one crucial box you need to check — pre-validating your bank account. Bank account pre-validation is a crucial step in ensuring the efficient processing of income tax refunds. Why to pre-validate? Details here