1.Indian-origin gay Minister Leo Varadkar set to become Ireland’s youngest PM :-
Leo Varadkar, an Indian-origin doctor and Ireland’s first openly gay Minister, on Friday won the leadership race for the ruling party to become the country’s youngest-ever and first homosexual Prime Minister-in-waiting.
Mr. Varadkar, 38, will officially take over as Taoiseach, as the Irish prime ministerial title is known in Ireland, in Parliament later this month after he was declared the winner in the leadership race for the Fine Gael party. He took a majority of the votes to be declared as the 11th leader of the party as counting concluded in Dublin.
2.Soon, Delhi CM Office will have no officer :-
The third floor of the Delhi Secretariat, where Chief Minister’s Arvind Kejriwal’s offices are located and which has traditionally been the seat of power in the capital, wears a deserted look. Two IAS officers have been suspended following investigations into graft cases, while three have sought transfers, leave or repatriation, sources said. This means there will soon be no officers in the Delhi Chief Minister’s Office (CMO).
3.Road ministry launches online platform INAM PRO+ for infra raw material :-
Minister for road transport and highways Nitin Gadkari has launched ‘INAM PRO+’. It is an e-commerce platform for construction and infrastructure raw material for government and private procurement.
The website ‘inampro.nic.in’ launched by the National Highways and Infrastructure Development Corporation (NHIDCL), a road ministry public sector undertaking, will act as a repository of all raw materials suppliers and manufacturers in the country from where people and construction companies, along with public sector companies, can buy construction material at competitive rates.
4.WDM witnesses trade worth Rs 3,798.55 cr on NSE :-
Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of ₹3,798.55 crore in 80 trades.
Top securities (non-repo) traded at the WDM were:
The 329-days Treasury Bills (Issue No:120318), traded at ₹ 750.00 crore at weighted yield of 6.39 %, the 6.05 % government securities maturing in CG2019A traded value at ₹ 290.00 crore at yeighted yield of 6.49 %, and the 317-days Treasury Bills (Issue No 150318) traded at ₹ 250.00 at weighted yield of 6.40 %.
During the trading week ended , total turnover was ₹ 12,358.45 crore and the total number of trades was 304.
5.PM Modi reaches France, to hold talks with President Emmanuel Macron :-
Prime Minister Narendra Modi on Saturday reached France for the final leg of his four-nation tour of Europe where he will meet newly-elected President Emmanuel Macron in Paris. In a tweet, the prime minister said, “Reached France for a vital visit to enhance ties with one of our most important strategic partners.” According to reports, the two leaders are likely to discuss UN Security Council Reforms and the matter of India’s permanent membership in UNSC. PM Modi is also expected to raise issues of counter-terrorism and climate change during his visit.
6.Sebi forms committee on corporate governance :-
Aiming to improve the standards of corporate governance of listed companies, markets regulator Sebi on Friday set up a committee under the chairmanship of Uday Kotak, chief of Kotak Mahindra Bank.
The panel includes representatives of Corporate India, stock exchanges, professional bodies, investor groups, chambers of commerce, law firms, academicians and research professionals, and Sebi.
7.Sensex, Nifty hit new closing highs; post 4th weekly gain :-
Sensex and Nifty on Friday hit new closing highs of 31,273 and 9,653, respectively on gains mainly in auto and pharma counters, helping the indices post fourth straight weekly gain ahead of the RBI policy next week.
Also tracking upbeat Asian markets and a higher opening of European bourses, the 30—share BSE Sensex rallied 135.70 points and NSE Nifty closed 37.40 points higher.
In the auto space, shares of country’s largest two-wheeler maker Hero MotoCorp emerged the top gainer by climbing 2.82 per cent to Rs 3,840 apiece after the company posted a 8.7 per cent rise in sales in May.
8.Lenders give RCom 7 months to service debt :-
The debt-laden Reliance Communications received a breather as lenders agreed to a debt restructuring plan under which the firm will get a ‘standstill’ period of seven months to sell assets and repay debt totalling ₹45,000 crore.
In a media conference on Friday, Reliance Group chairman Anil Ambani aimed to ward off investor concerns on the $7 billion debt owed by Reliance Communications (RCom) stating that its restructuring plan had been accepted by bank lenders.
9.State Bank may opt for QIP :-
The State Bank of India expects to complete a planned share sale by year-end, probably through a qualified institutional placement (QIP), bank Chairman Arundhati Bhattacharya said on Friday.
SBI, India’s biggest lender by assets, has shortlisted six banks to manage the sale that could be worth up to $2.3 billion. “This is something for which we have everything in place but we will go when we find the market is conducive,” Ms. Bhattacharya told Reuters on the sidelines of the St Petersburg Economic forum.
10.Sanjiv Singh takes over as IOC Chairman :-
Sanjiv Singh has taken over as the Chairman of the country’s biggest company Indian Oil Corporation. He replaces B Ashok. Prior to his elevation, Mr.Singh was Director (Refineries) on the IOC board since July 2014.
Concurrently, he will also be Chairman of Chennai Petroleum Corporation Ltd (CPCL) and Hindustan Urvarak and Rasayan Ltd (HURL), a joint venture company set up to revive the fertilizer plants at Gorakhpur, Sindri and Barauni.
