Moneycontrol Selects: Top stories this evening

A round-up of the big stories

Here is a collection of the most important stories this evening:

Financial apocalypse awaits 7,000 'zombie' firms worldwide amid looming $1.1 trillion debt

An analysis found the number of publicly-traded “zombie” companies — those so laden with debt they're struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. Read more

Over 9,000 guests to attend Narendra Modi's swearing-in ceremony under tight security: Reports

Narendra Modi will likely be taking oath as the Prime Minister of India for the third time in a row on June 9. Over 9,000 guests from various sectors will attend the swearing-in ceremony of Prime Minister-designate Narendra Modi and his ministerial colleagues at the Rashtrapati Bhavan forecourt lawn on Sunday.  Read more

Sachin Bansal sells remaining 7.5% stake in Ather Energy

Flipkart co-founder Sachin Bansal has exited electric vehicle maker Ather Energy by selling his remaining 7.5 percent stake in the company, as per media reports. Read more

25 companies in focus in Andhra Pradesh after the Lok Sabha Polls

With Lok Sabha elections breathing life into coalition politics, market watchers have been commenting on the various benefits that entities in Andhra Pradesh and Bihar could get. Read more

MC Selects

Kaun banega chief minister? BJP scans its deck of cards to elect an ace as Odisha CM

Coming to power in Odisha seems to have surprised the BJP almost as much as the state’s media that kept talking of the invincibility of former CM Naveen Patnaik. And now the bets are on whom BJP will anoint as chief minister of the state. Read more

India's consumption spending inequality fell in 2022-23 vs 2011-12: Survey

India witnessed a fall in spending inequality in 2022-23 compared to 2011-12, according to a detailed report on Household Consumption Expenditure Survey (HCES) released by the Ministry of Statistics and Programme Implementation (MoSPI) on June 7. Read more

CWC passes resolution to appoint Rahul Gandhi as Leader of Opposition in Lok Sabha

The members of the Congress Working Committee (CWC) on June 8 passed a resolution to appoint Rahul Gandhi as the Leader of Opposition in Lok Sabha. "CWC unanimously requested Rahul Gandhi to take the position of the Leader of the Opposition in Lok Sabha. He is the best person to lead this campaign inside the Parliament," said party leader KC Venugopal after the meeting. Read more

India vs Pakistan, T20 World Cup 2024: Mauka Mauka, and the ads that captivated two nations

India and Pakistan, two nations equally passionate about cricket, share an unmatched mania for the sport. Their spirit and dedication to the game are mirror images, reflecting equal madness and enthusiasm. Despite being geographical neighbours, their rivalry is unparalleled. Fans sit glued to their TVs every ICC tournament, awaiting the India vs Pakistan match that is watched by more people than any other sporting contest. Read more