Business

Stock Surge, Modi-Canada Collaboration, Apple WWDC 2024, Fed Rate Cut Speculations, Monsoon in Mumbai, MCA President’s Passing, SEBI Regulations Proposal

On June 10, the stock of Motilal Oswal surged over 19% to reach an all-time high, making headlines in the financial world. Meanwhile, Prime Minister Modi expressed India’s eagerness to collaborate with Canada, emphasizing mutual respect for each other’s concerns.

Apple enthusiasts are eagerly anticipating the tech giant’s WWDC 2024 event, where CEO Tim Cook is set to deliver a keynote address. Speculations abound regarding the top 5 announcements Apple may unveil, with expectations running high for updates on Siri 2.0 and iOS 18.

As the US Federal Reserve prepares for its upcoming meeting, experts are deliberating on the possibility of a benchmark interest rate cut. While uncertainties loom, Fed Chair Jerome Powell’s post-meeting press conference is anticipated to provide insights into the Fed’s economic outlook and potential rate adjustments.

Additionally, the southwest monsoon has made its presence felt in Mumbai and surrounding areas, bringing relief from the sweltering heat. An orange alert for heavy rain has been issued, signaling the onset of the monsoon season in the region.

In a somber turn of events, Mumbai Cricket Association president Amol Kale tragically passed away in New York due to a cardiac arrest. The news comes shortly after India’s intense victory over Pakistan in the ICC Men’s T20 World Cup 2024.

Meanwhile, the Securities and Exchange Board of India (SEBI) has proposed stricter regulations for derivative trading on individual stocks, aiming to enhance market stability and investor protection.

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