Moneycontrol Selects: Top stories this evening

A round-up of the big stories

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

No relief for Arvind Kejriwal as Delhi HC reserves order on ED's stay application on bail

Delhi Chief Minister Arvind Kejriwal, who was granted bail by a lower court on Thursday, will have to continue to remain in Tihar jail as the Delhi High Court granted interim stay on the trial court's order. Read more

Tagged as promoter of Snapdeal-backed firm, SoftBank seeks indemnity rights from Kunal Bahl, Rohit Bansal

With market regulator Securities and Exchange Board of India (SEBI) assigning the promoter tag to SoftBank for Snapdeal-backed SaaS company Unicommerce eSolutions, the Japanese investor has entered into an indemnity contract with Snapdeal's founders—Kunal Bahl and Rohit Bansal—to protect itself and its executives from any future liabilities arising out of the responsibilities of being deemed a promoter of Unicommerce. Read more

Mixed bag for Indian IT: What Accenture's earnings imply for TCS, Infosys, others

Accenture's mixed performance in Q3 signals that Indian IT companies with similar clientele and services will perform better in upcoming quarterly results starting July 11, according to analysts. TCS, which is closer to Accenture's size, and Infosys, which resembles its clientele, will perform better when compared to other large-tier Indian heritage IT companies. Read more

How stock markets performed under various coalition governments

Prime Minister Narendra Modi’s third-term government marks the return of a coalition government after a 10-year hiatus of a single-party majority in the Lok Sabha. Previous coalition governments had their priorities shaped by managing multi-party interests. How did India’s share markets respond during previous coalitions? Here is a lowdown. Read more

Vodafone Idea stock gains 4% as telco completes 5G rollout obligation in all circles

Shares of Vodafone Idea gained around 4 percent after a report said the telecom service provider had completed its 5G rollout obligation in all circles. The company has a 5G spectrum in 17 circles, and has completed the rollout obligation in both spectrum bands. Read more

These three smallcap funds cornered 60% of the monthly category flows in May

Quant Small Cap Fund has been the outlier among all smallcap funds in the month of May with the scheme attracting as much as 43% of the cumulative inflows that the category witnessed in the month of May. Read more

Cancelled UGC-NET paper was sold on Telegram for Rs 5,000: Report

The question paper for the UGC-NET exam, held on Tuesday, was leaked and sold on encrypted social media platforms, according to reports. Read more