MONEYCONTROL SELECTS: TOP STORIES THIS MORNING

Here is a collection of the most important stories this morning:

Byju’s goes to Karnataka HC against NCLT order barring second rights issue

Embattled Ed tech company Byju’s has moved the Karnataka High Court challenging the order of the National Company Law Tribunal (NCLT) order restraining it from going ahead with the second rights issue. Read more.

'Strong buy' micro-cap multibagger stocks picked by mutual funds in May

Quality micro-cap stocks have continued their upward journey despite short-term blips. Though the Nifty Microcap 250 Total Return Index (TRI) plummeted 7 percent on June 4, the day of election results, it recovered fast and has outperformed all the other major market capitalisation indices since then. More here.

Why floods threaten tens of millions in India every year

Climate extremes have become more recurrent over the past few years and Southeast Asia, especially, has bore the brunt of these extreme weather events. From heat waves, flash floods to regular monsoon deluge, India's vulnerability to weather phenomenon has increased as is believed to increase further with global warming playing a critical role. Read more.

 

Tata Technologies: Hype over, reality strikes as Street fears come true

After a bumper debut in November 2023, has Tata Technologies lost its appeal among brokerages? In a report dated June 19, the foreign brokerage Goldman Sachs initiated coverage on the stock with a sell call and a target price of Rs 900, representing a 12 percent downside from the June 18th closing price of Rs 1,029. However, Goldman Sachs is not the only brokerage altering its stance on the Tata Group company. Read more here.

ISRO completes its Reusable Launch Vehicle technology demonstrations through LEX trio

Space agency ISRO on Sunday said it has achieved a third consecutive success in the Reusable Launch Vehicle Landing Experiment by demonstrating the autonomous landing capability of the launch vehicle under more challenging conditions. More here.

PUBG Mobile World Cup (PMWC) 2024: Qualified teams and tournament details

The PUBG Mobile World Cup (PMWC) 2024 is set to kick off on July 19 in Riyadh, Saudi Arabia. This 10-day mega event will feature 28 squads from across the globe competing for a prestigious trophy and a share of the $3 million prize pool. The tournament will be conducted in three phases: Group Stage, Survival, and Main Event. Read more.

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