Karnataka political disaster:
On a day of excessive drama in the Karnataka Assembly and swift developments later, Governor Vajubhai Vala on Thursday directed Chief Minister H D Kumaraswamy to show his majority on Friday by 1:30 p.m. “I require you to prove your majority on the floor of the House on or before 1:30 pm tomorrow (Friday),” stated Vala in a letter to the Chief Minister inside hours after Speaker KR Ramesh Kumar adjourned the Assembly to meet on Friday at 11 a.m. for resuming the debate on the confidence movement Kumaraswamy moved earlier in the day for a ground take a look at. The Governor additionally introduced to the chief minister’s consideration that he had already directed the Speaker to maintain the ground take a look at by the finish of the day (Thursday) beneath Article 175(2) of the Constitution.
Sixth tranche of CPSE ETF:
The sixth tranche of Central Public Sector Enterprises (CPSE) ETF will hit the markets on July 19. The subject dimension provide of the ETF is Rs 6,000 crore. This goes to be the first tranche of the CPSE ETF since the Modi authorities assumed cost for second time period. The CPSE ETF FFO can be open for retail subscription on Friday. The Centre is wanting to mobilise up to Rs 10,000 crore by the newest FFO.
IndiGo Board assembly:
Under the cloud of sparring promoters, InterGlobe Aviation board is scheduled to meet on Friday to contemplate quarterly monetary outcomes and can be possible to talk about variations between the promoters over company governance issues. Bringing the variations between him and Rahul Bhatia which were simmering for almost a yr into the open, co-founder and promoter Rakesh Gangwal has alleged company governance lapses — a growth that introduced InterGlobe Aviation beneath regulatory scanner.
Q1 outcomes of firms:
Several firms will announce their Q1 outcomes: Reliance Industries, IndiGo Airlines, Bandhan Bank, Dabur, Hindustan Zinc, ICICI Lombard General Insurance, RBL Bank and Unitech Ltd are set to announce their Q1 outcomes on July 19.