7 big news of July 3: Sensex crosses 80,000, T20 World Cup victory celebrations, Emcure Pharma IPO, Hemant Soren's return and more


Today's major news: There are many events lined up on July 3, from politics to business. Continuing their unstoppable rally, Indian benchmark indices achieved new historic milestones in morning trade today. Rohit Sharma posted a special message for India fans, inviting them to the victory parade at Marine Drive in Mumbai. Emcure Pharmaceuticals IPO, which opened for subscription on Wednesday, was fully subscribed by the latter half of the first day of bidding.

Sensex crosses 80,000 for the first time, Nifty 50 close to 24,300

Continuing their relentless rally, Indian benchmark indices achieved new historic milestones in morning trade today. The S&P BSE Sensex crossed the 80,000 mark for the first time ever to hit the 80,039 level, while the Nifty 50 hit a new all-time high of 24,292, inching closer to the 24,300 level. The rally was largely supported by heavyweight stocks, with HDFC Bank leading the way. Read More

T20 World Cup win: Rohit Sharma sends open invitation to Team India fans for victory parade at Marine Drive on July 4

Team India captain Rohit Sharma on Wednesday posted a special message for Indian fans, inviting them to the Vijay Parade at Marine Drive and Wankhede Stadium in Mumbai on July 4 from 5:00 pm. The Indian captain shared the details of the roadshow in Mumbai and said that the Indian team “wants to enjoy this special moment with all of you”. Read More

Unacademy registers best year of growth, ignore rumours: CEO Gaurav Munjal clarifies after latest layoffs

Unacademy founder and CEO Gaurav Munjal has clarified that the edtech major will register its best year of growth and profitability in 2024, and urged people to 'not pay heed to rumours'. Munjal said Unacademy has a runway of several years and they are building it for the long haul. The clarification comes a day after Unacademy announced its latest round of layoffs, with 250 employees being handed pink slips. Read More

Emcure Pharma IPO: Issue fully subscribed on day 1; Check subscription status, GMP and other details

Emcure Pharmaceuticals IPO, which opened for subscription on Wednesday, was fully subscribed in the latter half of the first day of bidding, led by strong demand from non-institutional investors. The retail category was subscribed 1.22 times and the NII portion 1.92 times on June 3. However, there have been no bids in the QIB category so far. Read More

Champai Soren feels 'insulted' over replacing Hemant Soren as Jharkhand CM, decision possible today

Champai Soren is likely to resign as Jharkhand chief minister and take over for Hemant Soren. Hemant Soren had resigned even before his arrest by the ED in a money laundering case linked to an alleged land scam. Read more

Indian-origin Kamala Harris is the top choice to replace Joe Biden in the presidential race, amid calls for her resignation

If US President Joe Biden decides not to continue his re-election campaign, Vice President Kamala Harris is the top choice to replace him, according to seven senior sources in the Biden campaign, the White House and the Democratic National Committee with knowledge of current discussions on the subject. Hemant Soren was elected the legislature party leader on Wednesday, July 3, after a consensus was reached among MLAs and leaders of the coalition of the JMM, Congress and RJD. Read More

UK Elections 2024: This time the number of MPs of Indian origin is likely to be higher in the British Parliament

Thursday's UK general election is expected to produce the most diverse parliament in the country's history, with a growing number of Indian-origin MPs being elected from across the country. According to analysis by the British Future think tank, the Labour Party will have the largest number of ethnic minority MPs if it wins an overall majority, and the number will be even higher in the event of a landslide. Read more

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