Range Rover Fifty marks 50th anniversary

SBI said it will seek shareholders' nod in mid-July to raise up to Rs 20,000 crore equity capital via various means in the current fiscal. "A general meeting of the shareholders of State Bank of lndia will be held on Tuesday, the 14th July, 2O2O… lf the conditions are not conducive and the local authorities do not permit to hold physical general meeting, the meeting will be held through video conferencing/other.. means,” it said.

The government's wheat procurement so far in the 2020-21 marketing year has reached a record of 38.2 million tonnes, with Madhya Pradesh surpassing Punjab as the country's biggest wheat procurer. All over India, 42 lakh farmers have been benefitted and about Rs 73,500 crore has been paid to them towards minimum support price, the food ministry said. The previous record was 38.18 mt in 2012-13.

Fifty years ago on June 17, the world changed with the introduction of Range Rover SUV from the British marquee Jaguar Land Rover.

The venerable Range Rover, arguably the very first luxury SUV, celebrates its half-century on Wednesday, precisely five decades after the original two-door went on sale worldwide.

To celebrate this iconic event, the Tata Motorsowned British luxury brand Jaguar Land Rover showcased in UK the current-generation Range Rover Fifty SUV.

Restricted to 1,970 units, a reference to the year the first Range Rover was introduced, with several design tweaks paying homage to 50 years of the iconic model, for the global market.

As risks are rising with lockdown getting extended in worst Covid-19 hit regions and coronavirus cases are rising, mutual funds are raising their cash levels while inflows into equity funds remain weak even as the economy opens up after extended lockdowns.

Cash levels rose to nine month high after remaining stable for the past few months as per May month fact sheet analysis by brokerages while mutual funds accumulated stocks in sectors that appear to be Covid-resistant like telecom, pharma and consumer focused sector stocks while they reduced stake in financials like private banks.

According to Motilal Oswal Research, on month on month basis, the weights of Consumer, Telecom, Automobiles, Healthcare, Cement, Technology, Metals and Utilities increased, while that of Private Banks, NBFCs, PSU Banks, Oil and Gas and Retail moderated.

Telecom’s weight increased for the seventh successive month to hit an all-time high of 3.9 per cent while Private Bank’s weight hit 20-month low to

16.7 per cent. Defensives’ weight increased to hit an all-time high of 35.5 per cent while Consumer’s weight increased 9.8 per cent after moderating in the previous month as Consumer sector has climbed back to the second position in the allocation of mutual funds, Motilal Oswal Research said.

In terms of value decline month on month 8 of the top-10 stocks were from Financials: ICICI Bank, SBI , Axis Bank , HDFC Bank , HDFC , Bajaj Finance , Kotak Mahindra Bank and Power Finance Corporation.

Participation in the Rs

84 billlion stake sale by Bharti Airtel promoters led to a sharp up move in