Airtel Africa indicative IPO price implies limited unlocking of value for Bharti

• The company has toned down the amount of funds it plans to raise from the IPO: from $1 billion to $750 million
• The price range of 80 to 100 pence per share is a sizeable discount to the pre-IPO placement

Indian tariffs 'unacceptable': Trump hits out ahead of meeting PM Modi at G20

• 'This is unacceptable and the Tariffs must be withdrawn,' tweeted the US President
• Donald Trump lashed out at tariffs imposed by India

Narendra Modi's new budget key to reviving India's animal spirits

• Exports grew 3.9% in May from a year ago, with a large part of the increase coming from non-oil products
• Analysts expect the new Modi government’s first budget on July 5 to tweak fiscal levers to give a boost to the economy and get it back on a faster growth track

PNB fraud: Swiss authorities freeze 4 bank accounts of Nirav Modi, sister

• The accounts currently, with deposits totalling ₹283.16 crore, were frozen on the ED's request after the agency informed Switzerland authorities that the money kept in them were "proceeds of crime"
• The accounts of Nirav Modi have deposits of $3,74,11,596

Wipro splits Rishad’s role among three executives

• While the CEO will oversee M&As, the CFO will handle Wipro Ventures
• Rishad Premji is set to take over as Wipro chairman on 31 July after his father Azim Premji steps down

MG Hector SUV launched in India, prices start ₹12.18 lakh: Full pricing, specs

• Starting at ₹12.18 lakh, the Hector comes in four variants—Style, Super, Smart and Sharp— and a total of 11 configurations
• The SUV will takes on the likes of Mahindra XUV500, Tata Harrier, Jeep Compass, Hyundai Creta and the upcoming Kia Seltos

Chemical stocks surge to record. China's pain is India's gain

• Value of India’s specialty chemicals sector is likely to rise almost two-and-a-half times to $87 billion by March 2025
• A custom index of five stocks has risen 30% to a record as Indian manufacturers step in to meet shortages due to shutdowns in China

Airtel Africa to price London listing at bottom of range

• Airtel Africa, a unit of India's Bharti Airtel Ltd, last week set a price range of 80 to 100 pence per share for its IPO
• One of the bookrunners handling the sale said on Monday it had received indications of interest worth about $200 million from pre-IPO investors

Icra cuts long-term debt rating of Piramal Capital, Edelweiss firms by a notch

• The move, in the middle of a liquidity crunch at NBFCs, could raise the cost of money for the two lenders
• The latest downgrades follow a spate of rating revisions in the NBFC sector, stoking fears of a liquidity crisis

What really matters to millennials, Gen Z

• Travel and seeing the world is the top priority for 57% of millennials and members of Generation Z around the world
• In its Global Millennial Survey 2019, Deloitte has mapped the changing life priorities of these two cohorts of young people

When is the right time to buy life insurance?

• While the premiums might be low if you buy a term plan when you’re young, you will only need the coverage if you have dependants to look after
• Of the life insurance products available, a term plan is the best if you’re looking for a cost-efficient protection plan

Don’t fall for fraudulent messages supposedly issued by I-T department

• If you receive, identify a fraudulent email claiming to be from the I-T department, don’t click on any link included in it or download any attachments from it
• If you receive any email, check whether the I-T department has sent any such email to users by logging in to your tax filing account

Instagram threatening Amazon with its e-commerce plans

• At present, the sector continues to be dominated by a few big players - mainly China's Alibaba and JD.com and US firms Amazon, eBay and Walmart
• The firm run by Jeff Bezos so far in 2019 has been the online portal that has captured almost half of all virtual transactions in the US

JioCall app update hints at imminent Jio GigaFiber public rollout

• Jio recently updated its Jio4GVoice app and renamed it to JioCall
• The renamed app now comes with an added option of making video and audio calls to fixed-line numbers

Reliance Infrastructure to complete sale of Delhi-Agra Toll Roadway by August

• Reliance Infrastructure will receive enterprise value of ₹3,600 crore including equity of up to ₹1,700 crore from the sale
• With this transaction, the company's debt of will reduce by over 25% to less than ₹5,000 crore

Why airfares shoot through the roof during calamities? MPs question in Lok Sabha

• Civil Aviation Minister Hardeep Singh Puri said airlines set their fares in different segments
• BJD MP Pinaki Misra said during cyclone Fani fares went too high

Election analysis needs to go beyond caste

To assume the caste system determines political affiliations and electoral outcomes is an overstatement suggests a new study

Tata says salt is 'safe' after reports of high potassium ferrocyanide

• India is among countries like US, Europe, Australia and New Zealand that have permitted the use of potassium ferrocyanide in salt, says Tata salt
• Tata Chemicals reaction came a day after activist Shiv Shankar Gupta claimed that the potassium ferrocyanide levels are alarmingly high in the brand

Railways eyes new revenue source: Freight trains to display ads

• The advertisement will be displayed on the exterior of the freight train
• Generation of non-fare revenue has been a thorn in the side of the railways for a long time

Gold prices suffer sharp fall for second straight day

• Some jewellers fear a dip in gold demand due to high prices
• Global gold prices have also seen a sharp dip over two sessions

Coolpad Cool 3 Plus launched in India, prices start ₹5,999

• It is available with a quad-core MediaTek Helio A22 processor and two RAM/storage options of 2GB/16GB and 3GB/32GB
• The smartphone features a 5.71-inch 'Dewdrop' HD display with a 19:9 aspect ratio

The first innings conundrum in World Cup 2019

Bat first or bowl first? And just what is a “safe” score? World Cup 2019 is treading a different path than the last 3 editions

With 60% stake, L&T completes its hostile takeover of Mindtree

• L&T bought 31% additional stake through an open offer
• Mindtree board’s decision to give shareholders a special dividend of ₹20 a share now runs the risk of being reversed

Budget carrier Wizz Air plans to introduce India flights

• Wizz Air plans launch flights from London to Dubai and even central Europe to India
• 'We’ll connect the dots of our existing network but we’ll be looking at new opportunities, too,' Wizz Air CEO said

Food safety regulator calls for visible labelling of packaged foods

• Food labels will also declare, per serve percentage contribution to RDA on the front of the pack, FSSAI said
• Currently, most of the packaged food companies print nutrition details of the contents at the back of the package

Deals Buzz: UltraTech, PE firms line up to buy stake in Emami Cement

In other news, HDFC Bank Ltd, India’s largest private sector lender, may launch an an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, to raise more than $1 billion

Modi Nagar Paper Mills director arrested over dishonoured cheque

• Modi Nagar Paper Mills director Anubhav Gupta was arrested from his Ghaziabad office
• Police said non-bailable arrest warrants were issued against the accused

DHFL management meets MCA top brass over repayment, liquidity

• DHFL had defaulted for a second time this month on payment of dues
• State Bank of India is the largest lender to DHFL at ₹10,000 crore

Apple hires top engineer as iPhone maker plans to expand own chip development

• Apple hired Mike Filippo of ARM Holdings in May for a chip architect position
• Prior to his work at ARM, Filippo was also a key designer at chipmakers Advanced Micro Devices and Intel Corp

Bharath Arun addresses Dhoni's slow batting; says Shastri has dialogue with all

• 'There is a constant dialogue between all the batsmen, the support staff, the batting coach, the head coach,' says Bharath Arun
• The bowling coach is confident that his seamers will be up for challenge against the hard-hitting West Indies

Gold cheaper than water in Chennai, says CPI-M leader Rangarajan in Rajya Sabha

• T K Rangarajan said 'a tank of private water costs more than one gram of gold in Chennai'
• He claimed that IT sector employees have been asked to work from home and several restaurants have shut down in the state

HCL Technologies to hold mega recruitment drive in Noida next month

• HCL Technologies will organise a mega recruitment drive for graduates and students who have completed their schooling
• HCL's mega recruitment drive is a great opportunity for freshers to start their IT careers with the company

Slumping bond sales indicate waning trust in NBFCs

• Companies sold ₹1.2 trillion of bonds so far in the April-June period, down 57% from the previous quarter
• The NBFC crisis has hit demand for cars to appliances, bulk of which were financed by shadow banks

Bitcoin's rally feels like 2017, but it's not quite the same

• Google searches for the word Bitcoin were five times higher in December 2017
• Some experts believe that half of Bitcoin’s runup in 2017 was the result of market manipulation

Sebi set to roll out 2% cap on royalty payments

• Cap to apply to royalty payments under any name such as brand fees or technical know-how fees or other service-related fees
• Differential voting right shares, which offer higher dividends but no voting rights, are set to make a comeback for listed companies

How Disneyland is managing crowds at Star Wars themed amusement park

• Websites that track attendance at Disneyland, the second-busiest theme park in the world, say the crowds have been manageable
• Disney opened Star Wars: Galaxy’s Edge, the largest-ever addition to its Disneyland park, on May 31

Bessemer Venture Partners leads ₹100-crore round in MyGlamm

• MyGlamm is now valued at ₹500 crore, said the first of the people cited above
• MyGlamm currently sells products on its website, as well as by partnering with offline retail stores such as Lifestyle and Shoppers Stop

Mike Pompeo promises to ensure oil supplies to India after Iranian crude ban

• India, the world’s third-biggest oil importer, bought about 184,000 barrels per day (bpd) of oil from the United States
• 'We’re doing everything we can to ensure you have adequate crude imports,' says US State department

RBI: In cross-border deals, data can be stored abroad

• Regulator says copy of local data can be stored abroad in foreign leg of deals
• Data stored in India should include end-to-end transaction details and info about payment transactions.

ICC Cricket World Cup: Sri Lanka get permission to wear 'lucky yellow jersey'

• The ICC has introduced a second choice jersey for each team
• India is set to wear their second choice jersey dominated by orange colour

Film directors make it tougher for Netflix to win top awards

• The Directors Guild of America has changed its rules to favor films released in theaters
• Netflix gives its award-worthy movies an exclusive, if short, theatrical run before streaming in homes

Missing secularism in new education policy

The omission of secular principles in the draft NEP 2019 impoverishes the learning experience of all Indians

Dunzo launches in Mumbai amid expansion drive

• Dunzo announced via social media platforms Twitter and Instagram that is now live in Mumbai
• It is currently present in Gurugram, Pune, Hyderabad, Chennai and Delhi, besides Bangalore