Moneycontrol Daily: Your Essential 7

IPO-bound Zomato's plans to invest in Grofers has entered the last lap, with an announcement imminent in the next few weeks. People familiar with the development said this will be a $100-120 million investment at a valuation of a billion dollars. Here's everything you need to know about this development.

Today:
Muthoot Capital Services is set to release its quarterly results. Also Fortis Hospitals will provide Sputnik jabs in its hospitals located at Gurgaon from today.
Tomorrow:
Tokyo coronavirus emergency is set to end, a month before Olympics is to be held in Japan.

Rs 47.5 crore. That's the figure Bollywood actor Ajay Devgn was willing to pay for his new bungalow spread across 474.4 sq.m in Juhu. Filings also show that the actor took out a loan of Rs 18.7 crore towards the purchase. Vandana Ramnani brings you the full picture in this piece.

The Reserve Bank of India on June 18 granted “in-principle” approval to Centrum Financial Services Limited to set up a small finance bank (SFB), paving the way for the entity to take over crisis-ridden Punjab and Maharashtra Co-operative Bank (PMC). Read all about it here. 

If you invest across the market and put your money in outlier small-cap companies, emerging mid-cap companies, and reliable, blue-chip, large-cap companies, you may have finally arrived at the right option: Flexi-caps. Ira Puranik takes you through all you need to know in this piece. 

By selling shares. A clutch of banks led by the country’s largest lender, State Bank of India (SBI), is preparing to sell fugitive businessman Vijay Mallya’s shareholdings in three companies on June 23 in a bid to recover as much as Rs 6,200 crore lent to his grounded Kingfisher Airlines. Tarun Sharma takes you through the details here. 

Janet Malcolm, the inquisitive and boldly subjective author and reporter known for her challenging critiques of everything from murder cases and art to journalism itself, has died. She was 86. Here's a look at her legacy.