Moneycontrol Daily: Your Essential 7

Wall Street is tumbling towards its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates. More here

Today:
Prudent Corporate Advisory IPO opens
Cyclone Asani to bring rainfall to Bengal, Odisha
Mumbai Airport to be shut for some time
2022 Mercedes Benz C-Class launch Tomorrow:
Delhivery's Rs 5,235 cr IPO with price band of Rs 462-487
Bihar to experience gusty winds, heavy rains
E-auction of mining leases to begin in Andhra Pradesh
Arvind Kejriwal to visit Gujarat

The public issue of Life Insurance Corporation of India (LIC) has garnered good demand from investors as it received bids worth Rs 43,933.5 crore till May 9, the final day of bidding, which was more than double the issue size. The issue opened on May 4. More here

The cumulative COVID-19 vaccine doses administered in the country crossed 190.33 crore on Sunday, the Union Health Ministry said. More here

Last week, Xiaomi unveiled its first flagship smartphone of 2022 in India. And from the looks of the specs sheet, Xiaomi wasn’t holding back with the 12 Pro. There’s no doubt that the Xiaomi 12 Pro has all the makings of a premium smartphone. But before we take a brief look at the company’s latest flagship smartphone, it is worth noting that the Xiaomi 12 Pro doesn’t come cheap, with a starting price of Rs 62,999. More here

If there’s one automotive segment other than SUVs in which the temperature is being turned up, it’s the people-mover one, broadly categorised as MPVs. There has been a spate of recent launches in this section of the market, and the updated Maruti Suzuki XL6 is one of them. When the XL6 was first launched, it was a slicker version of the Ertiga, in essence – sharper looks and a more premium cabin were the principal differences. In typical Maruti fashion, the XL6 didn’t really stand out in any way – but it ticked many boxes, and was a perfectly pleasant, reliable and comfortable car. More here

While donating supplies as aid to Ukrainian refugees in Poland, 12-year-old Thomas Handley slipped in a handwritten letter for Ukrainian president Volodymyr Zelensky. More here