Top 7 News Headlines of the Day - July 10

Stock Market Falls, 18 Killed in Unnao Accident, PM Modi’s Visit to Austria, and More

As we begin the day, a series of significant events are unfolding across various sectors, from politics to business. Let’s dive into the top news stories of the day.

Stock Market Update

The Indian stock market indices ended the day with a decline of around half a percent each, driven by profit booking at higher levels. The Sensex plummeted 426.87 points, or 0.53%, to close at 79,924.77, while the Nifty 50 ended 108.75 points, or 0.45%, lower at 24,324.45. The Sensex hit a record high of 80,481.36, while the Nifty 50 reached a peak of 24,461.05, only to crash 1,045 points from the day’s high and touch an intraday low of 79,435.76. Similarly, Nifty 50 recorded a lifetime high of 24,461.05 in early trade, but plunged 319 points from there and touched an intraday low of 24,141.80.

Delhi Excise Policy Case: Arvind Kejriwal Accused Number 37

The Enforcement Directorate (ED) has listed Delhi Chief Minister Arvind Kejriwal as accused number 37 and the Aam Aadmi Party as accused number 38 in its supplementary chargesheet in the Delhi Excise Policy Case. The chargesheet also mentions Kejriwal as the kingpin and key conspirator in money laundering cases related to the excise case.

PM Modi’s Visit to Austria: A New Chapter

Prime Minister Narendra Modi has described his visit to Austria as “very special” and emphasized that both countries will work together to combine their strengths in areas such as innovation, renewable energy, artificial intelligence, and quantum technology. Modi held talks with Austrian Chancellor Karl Nehammer to discuss ways to tap the full potential of the bilateral partnership.

Glenmark Pharma to Offload Stake in Glenmark Life Science

Glenmark Pharma’s board has approved the sale of a 7.84% stake, equivalent to 96,09,571 equity shares, in Glenmark Life Sciences through an offer for sale (OFS). The stake will be sold through the stock exchanges.

Zaheer Khan Likely Choice for India’s Bowling Coach

Former seamers Zaheer Khan and Lakshmipathy Balaji are being considered for the position of national team’s bowling coach, according to sources. This comes as Gautam Gambhir is set to take over as the head coach of the Indian team.

Budget 2024: Central Govt Employees May Get 50% of Last-Drawn Salary as Pension

The NDA government is reportedly considering offering 50% of the last salary drawn as pension under the National Pension System (NPS) to central government employees, according to a report by the Times of India.

Unnao Accident: 18 Killed, 19 Injured

A double-decker sleeper bus rammed into a milk container, resulting in the tragic loss of 18 lives and injuring more than 19 people.

These are the top news headlines of the day, covering significant events in the stock market, politics, and more. Stay updated and informed!

Historical Context:

• The Indian stock market has been experiencing a rollercoaster ride in recent times, with the Sensex and Nifty 50 indices reaching record highs and then plummeting due to profit booking and global market fluctuations.
• The Delhi Excise Policy Case has been a contentious issue, with the Enforcement Directorate (ED) investigating allegations of money laundering and corruption involving high-ranking officials, including Delhi Chief Minister Arvind Kejriwal.
• Prime Minister Narendra Modi’s visit to Austria marks a significant step in strengthening bilateral ties between the two countries, with a focus on innovation, renewable energy, and technology.
• Glenmark Pharma’s decision to offload a stake in Glenmark Life Sciences is part of a larger trend of consolidation in the pharmaceutical industry.
• The selection of a new bowling coach for the Indian national team is a crucial decision, with Zaheer Khan and Lakshmipathy Balaji being considered for the position.
• The proposed pension scheme for central government employees is a significant development, with the government considering offering 50% of the last salary drawn as pension under the National Pension System (NPS).
• The Unnao accident is a tragic reminder of the importance of road safety and the need for stricter regulations to prevent such incidents.

Summary in Bullet Points:

• The Indian stock market indices ended the day with a decline of around half a percent each, driven by profit booking at higher levels. • The Enforcement Directorate (ED) has listed Delhi Chief Minister Arvind Kejriwal as accused number 37 and the Aam Aadmi Party as accused number 38 in its supplementary chargesheet in the Delhi Excise Policy Case. • Prime Minister Narendra Modi has described his visit to Austria as “very special” and emphasized the importance of bilateral cooperation in areas such as innovation, renewable energy, and technology. • Glenmark Pharma’s board has approved the sale of a 7.84% stake in Glenmark Life Sciences through an offer for sale (OFS). • Zaheer Khan and Lakshmipathy Balaji are being considered for the position of national team’s bowling coach. • The NDA government is reportedly considering offering 50% of the last salary drawn as pension under the National Pension System (NPS) to central government employees. • A double-decker sleeper bus rammed into a milk container, resulting in the tragic loss of 18 lives and injuring more than 19 people in the Unnao accident.