Moneycontrol Daily: Your Essential 7

Foreign Institutional Investors continued offloading Indian equities on May 6 as they sold shares worth Rs 2168.75 crore in a volatile trading session. Domestic Institutional investors picked up shares worth Rs 781.39 crore. Read more

Today
Lok Sabha Elections 2024: Phase 3 polls to be held in 12 states
Banks to remain closed
Apple Let Loose event to be held
Boeing Starliner’s first crewed flight to be tested
Tomorrow
PM Modi to visit Telangana
SC to urgently hear Uttarakhand forest fire
Tata Group's Q4 results to be out
DU to organise ‘Viksit Bharat Run’

The Reserve Bank of India is stepping in to ease banking system liquidity conditions as a national election that stretches over six weeks is hurting government spending despite strong tax collections. Read more

Groww Mutual Fund has launched India's first non-cyclical index fund that proposes to invest in stocks that represent the non-cyclical consumer theme. This passive thematic fund will focus on top companies from sectors such as consumer goods, consumer services, telecom, services, media and entertainment, publication, and textiles, among others. Read more

Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet's Google and OpenAI, the Information reported on Monday. Read more

Congress leader Rahul Gandhi on Monday repeated his earlier prediction that BJP will not cross more than 150 seats in the Lok Sabha elections. Read more

Brook Gura, 21, spent three weeks interviewing with Tesla before bagging a summer internship offer from the company in February. The 12-week internship was scheduled to start on May 20. Gura, a University of Texas student, was looking forward to spending her summer as a recruiting intern in Tesla's human resources department, she told Business Insider. But, three weeks before her internship began, the automaker revoked her offer. Read more