Last Updated : August 19, 2024 / 06:39 IST
Moneycontrol Daily: Your Essential 7
Here are stories covering a range of topics to keep you informed as you start your day. Read important details from each article and follow the provided links to read more about each story.
Big Story
Kolkata Rape-Murder case: SC takes suo motu cognizance; hearing on August 20
The Supreme Court of India has taken suo motu cognizance of the shocking rape and murder of a doctor at RG Kar Medical College in Kolkata. The case will be heard by a bench led by Chief Justice of India (CJI) DY Chandrachud on Tuesday. The decision to intervene came after two Supreme Court lawyers, Advocates Ujjawal Gaur and Rohit Pandey, penned a letter to the CJI on Thursday, urging him to take immediate action in the case. In their letter, the advocates emphasised the urgent need for the highest court in the country to step in, given the gravity and seriousness of the incident. Read here
Watch Out
Take a look at these key events
Today
Raksha Bandhan
Super blue moon to occur
FM Nirmala Sitharaman To Meet PSU Banks, RRBs heads For Performance Review
Congress to hold state-wide protest over Guv’s decision to sanction prosecution against Siddaramaiah in MUDA 'scam'
Nepal Foreign Minister Deuba to hold talks with JaishankarTomorrow
Saraswati Saree Depot shares to debut on stock market
Positron Energy and Sunlite Recycling Industries shares to debut on NSE Emerge
Hindustan Zinc to consider second interim dividend
SC verdict on Calcutta HC’s 'control sexual urges' advice to girls in 2023
Excise case: SC to hear Kavitha’s bail pleas
India-Japan 2+2 ministerial dialogue
Uddhav, Sharad Pawar to join Rahul Gandhi for Congress rally in Mumbai
OnePlus Buds Pro 3 launch in India
Stock Market Buzz
Jackson Hole Symposium, FOMC minutes, PMI flash among 10 key factors to watch this week
The market sentiment revived in the week ended August 16 as the benchmark indices snapped a two-week losing streak due to a smart rebound on Friday. The positive global cues with the easing US recessionary concerns, rising hope for a US Fed funds rate cut in September, and stability in the Japanese yen lifted sentiment. In the week ahead, the market may see some consolidation with a positive bias, with focus on the FOMC minutes, the Fed chair speech in Jackson Hole, and global trends, according to experts. Read here
IPO Watch
Interarch Building Products mobilises Rs 179.5 crore via anchor book, IPO opens on August 19
Interarch Building Products, the turnkey pre-engineered steel construction solutions provider, has raised Rs 179.5 crore through its anchor book launched on August 16. The public issue opens on August 19. The company informed exchanges on Friday that it has finalised allocation of 19,94,288 equity shares to anchor investors at Rs 900 per equity share. The price band for the issue, which closes on August 21, has been fixed at Rs 850-900 per share. Details here
Moneycontrol Mutual Fund Summit 2024
Summit to explore the evolving Mutual Fund landscape - Here is what to expect
The upcoming Moneycontrol Mutual Fund Summit 2024 is poised to be a landmark event for anyone related to, or even interested in the dynamics of mutual funds and systematic investment plans (SIPs). Themed "Empowering Bharat through SIPs," the summit promises not only to delve into the impact of SIPs on broadening financial inclusivity and offering insights into the evolving landscape of mutual fund investments, but also to serve as a platform for the recognition of those who’ve propelled the space with their on-ground efforts - The Mutual Fund Distributors. The event will be attended by industry experts and veterans, who will address the most relevant topics pertaining to the mutual fund industry. Details here
Product Review
Google Pixel 9 Pro vs Samsung Galaxy S24 Ultra vs Apple iPhone 15 Pro Max: How the three premium smartphones compare
Google recently announced the Pixel 9 Pro alongside three other Pixel 9 smartphones. We compare it against the Samsung Galaxy S24 Ultra and Apple iPhone 15 Pro Max.
Tailpiece
Temple flower seller forced to buy iPhone for son after he goes on 3-day hunger strike. Watch
A woman who earns her living by selling flowers outside a temple was forced to shell out thousands for an iPhone after her son went on a hunger strike for three days demanding the expensive phone. While it is not clear where the incident happened, in a video doing rounds on the internet the woman said that she decided to part with her life savings for her son's happiness. Details here
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Rajeev Thakkar on hyper-competition, cash holdings and finding value in US and China Watch more You are already a Moneycontrol Pro user.

