Yesterday’s big news was related to development. India has become the fourth most equal society in the world. This means that the benefits of whatever development is happening in the country are reaching maximum people. At the same time, India can soon announce a retaliatory tariff on America. Because, America has decided to impose 25% duty on passenger vehicles, small trucks and some automobile components, which may affect India’s export of 2.89 billion dollars (about ? 24,710 crores). Before tomorrow’s big news, today’s headlines, which will be in focus… Now read tomorrow’s big news… 1. Poverty rate in the country decreased from 16.2% to 2.3%: 17.1 crore people came out of poverty since 2011, India has become the fourth most equal society in the world. This means that the benefits of whatever development is happening in the country are reaching maximum people. This information has come to light in the World Bank’s latest report – Gini Index. In this list, India is above 167 countries and below Slovak Republic, Slovenia and Belarus. Click here to read the full news… 2. India will soon impose retaliatory tariff on America: US has imposed 25% duty on automobiles and parts, due to this ? 24,710 crore worth export is in danger. India may soon announce retaliatory tariff on America. Because, America has decided to impose 25% duty on passenger vehicles, small trucks and some automobile components, due to which India’s exports worth 2.89 billion dollars (about ? 24,710 crore) may get affected. Click here to read the full news… 3. Aditya becomes CEO of Zomato’s food and delivery business: He will replace Rakesh Ranjan, will work in this position for 2 years Online food ordering and delivery company Eternal (formerly Zomato) has appointed Aditya Mangala as the new Chief Executive Officer (CEO) and Senior Management Professional (SMP) of its food ordering and delivery business. The company has given this information in a stock exchange filing on Sunday. Click here to read the full news… 4. Impact of Musk’s entry into politics on the stock market: American investment firm postpones Tesla’s ETF; America Party was launched yesterday The impact of the world’s richest businessman Elon Musk’s entry into politics is also showing on the stock market. American investment firm Azoria Partners has postponed the plan to launch its new ETF (Exchange Traded Fund) based on Tesla for the time being. Click here to read the full news… 5. Value of 6 of the top 10 companies decreased by ?70,326 crores: Reliance’s market cap increased by ?15,359 crores to ?20.67 lakh crores In terms of market valuation, the value of 6 of the top 10 companies of the country has decreased by ?70,326 crores in this week’s trading. HDFC Bank was the top loser during this period. The market cap of the largest private sector bank has decreased by ?19,285 crores to ?15.25 lakh crores last week. Click here to read the full news… 6. Microsoft closed its operations in Pakistan: This is the result of the deteriorating situation there, the company will now provide services through regional offices and local partners. Tech company Microsoft has closed its operations in Pakistan after working there for 25 years. The company is now focusing on cloud-based and partnership models under its global plan. Click here to read the complete news… Also see who were the top 10 richest people in the world yesterday… The market was closed yesterday so find out the status of Friday’s stock market and gold-silver… Find out the latest prices of petrol-diesel and domestic gas cylinders…
