Market ends flat but more than 70 smallcaps give double digit returns

The market registered moderate gains in yet another volatile week ended June 9, amid mixed cues including inline policy outcome with a cautious approach about inflation by RBI, less participation by foreign investors- and surprising rate hike by Australia and Canada's central banks which led to uncertainty over upcoming US Fed meeting next week. The BSE Small-cap index added 1.6 percent led by Greenlam Industries, EKI Energy Services, Suzlon Energy, Indian Hume Pipe Company, CarTrade Tech, HBL Power Systems, Mazagon Dock Shipbuilders and Heubach Colorants India. Read more here.

Take a look at these key events

Today
Data releases: Japan PPI May
IIT Guwahati to release JEE Advanced 2023 Answer Key
Rajasthan political crisis: Sachin Pilot's likely next move
Free travel for women in Karnataka govt-run buses from today
AAP's rally at Ramlila Maidan, Delhi, against Centre's ordinance on control of services
Delhi Congress to hold 'chaupals' in solidarity with women wrestlers
India-Bangladesh Border security forces Conference in New Delhi
Varanasi to host G20 Development Ministers' meeting
PM Modi to inaugurate first-ever National Training Conclave for civil servants in Delhi
WFI chief Brij Bhushan Sharan Singh's rally at Gonda to mark Modi Govt's 9 years
Amit Shah to hold public meet in Visakhapatnam
French Open Finals: Novak Djokovic vs Casper Ruud
Microsoft’s Xbox Games showcase
Tomorrow
Data releases: India CPI May, India IIP April, US Consumer Inflation Expectations, China Outstanding Loan Growth
Bizotic Commercial IPO launch
Urban Enviro Waste Management IPO launch
UBS likely to complete Credit Suisse takeover
Delhi Excise Case: YSR Congress MP's son to surrender in case
G-20 Working Group meet in Kochi
Priyanka Gandhi's public rally in Madhya Pradesh

Govt amends PLI scheme for semiconductor making, applications to need Cabinet nod

The approval for setting up compound semiconductors and display fabs assembly and test units, under the Ministry of Electronics and IT (MeITY)'s production-linked incentive (PLI) scheme, will now be issued by the Union Cabinet, a government notification said on June 10. The amendments moved via the latest MeITY notification has removed the above categorisation, and makes the Union Cabinet the sole authority to grant approval for applications under the PLI scheme. Read more details here.

ChatGPT can help Indian IT companies take more projects and increase employment: CEA

Sources of artificial intelligence like ChatGPT can prove beneficial to a developing country like India with an increase in the capacity of IT companies enabling them to take on more projects and increase employment, India’s chief economic advisor V Anantha Nageswaran said. Read here.

BMW M2 coupe finally launched in India, starting at Rs 98 lakh: See Pics

The BMW M2 is finally coming to India after being unveiled last October. The coupe is available in only one variant. Here’s a look at its features and equipment.

Why have China-focussed mutual funds hit a bump, again?

China-focussed mutual fund schemes in India have fallen again. Axis Greater China Equity Fund of Fund is down 6.23 percent since the start of the year, Edelweiss Greater China Equity has fallen 4.94 percent, and Nippon India ETF Hang Seng BeES is down 2.21 percent. What went wrong? Read here.

Family celebrates despite son scoring 35 percent in Class 10 exam

A family in Mumbai might have set an example for years to come after the parents of a boy celebrated him securing 35 percent in his Class 10 Board Exams. The student, who passed out of a Marathi medium, state board school in the city, secured 35 percent in all six subjects and instead of scolding him, the parents proudly displayed his marks. Details here.