Moneycontrol Selects: Top stories this morning
Here is a collection of the most important stories this morning:
Nasdaq manages 5th straight record high close; S&P 500 ends barely lower
The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. Read more.
5 iOS 18 features that Android phones had before iPhone
Apple announced its next operating system (OS) for iPhone, iOS 18 at the WWDC 2024 this week. This new update includes several high-profile features, that have been implemented in this latest update to iOS. However, this new update has also reignited the long-standing battle between Android and Apple enthusiasts, as to which OS has better features. More here.
Market hit fresh life-time high on FII support, rupee slips
Indian market extended the winning run for the second consecutive week with benchmarks hitting fresh record highs in the week ended June 14 led by moderate US and domestic inflation print, positive global markets, FIIs buying and inline FOMC meeting outcome. Read more.
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Nykaa parent FSN E-Commerce Ventures allots 4.73 lakh shares under ESOP
FSN E-Commerce Ventures, the company behind the beauty and fashion retail brand Nykaa, announced on June 14 that it has allotted 4.73 lakh equity shares under its employee stock option plan (ESOP). This information was disclosed in a filing with the stock exchange. Read more here.
EPFO discontinues Covid-19 advances to its members
The Employees' Provident Fund Organisation (EPFO) has announced that it will no longer provide Covid-19 advances to its members with immediate effect. Read more.
G7 agrees on $50 billion loan to support Ukraine against Russia
Leaders of the Group of Seven (G7) wealthy democracies have agreed to provide a $50 billion loan to support Ukraine in its fight against Russia. The deal, struck at a summit in Italy’s Apulia region, uses profits from frozen Russian central bank assets as collateral. Read more here.