News I read on 8th July

1) Private equity (PE) investments dropped 65 per cent year-on-year (YoY) in the second quarter (Q2) of the calendar year 2020, with equity sum slipping to $1.45 billion.
Ref: Business Standard

2) The finance ministry on July 7 said banks have sanctioned loans of about Rs 1,14,502 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector reeling under the economic slowdown caused by the COVID-19 pandemic.
Ref: Moneycontrol

3) Facebook Inc-owned Jaadhu Holdings LLC has paid the subscription amount of ₹43,574 crores to Reliance Industries Ltd’s (RIL) digital services subsidiary Jio Platforms Ltd to acquire 9.99% stake in the latter, RIL said in a statement on Tuesday.
Ref: Livemint

4) Mutual fund (MF) platforms and distributors are planning to offer loans against MF units to investors looking for short-term emergency liquidity but don’t want to withdraw MF investments planned for a longer-term.
Ref: Business Standard

5) The CBIC on July 7 said the GST Implementation Committee is considering the demand for extending the due date for filing of annual return for 2019-20 by composition dealers.
Ref: Moneycontrol

6) Markets regulator Sebi is looking at permitting futures trading in petrol and diesel, an official said emphasizing that there has been no disruption in commodities derivatives trading during the Covid-19 crisis.
Ref: Yahoo Finance

7) The finance minister said CPSEs, on Tuesday, to ensure that half of the budgeted expenditure is incurred by the second quarter of the current financial year to help the economy recover.
Ref: Business Standard

8) Higher demand for the dollar in view of defence spending weakened the rupee on Tuesday, even as the Reserve Bank of India (RBI) continued to mop up the greenback, which kept coming in thanks to Reliance Jio’s stake sales.
Ref: Business Standard

9) NMDC’s shares have rebounded by over 16 per cent from May lows on the back of rising international iron ore prices — which have helped India’s largest iron ore miner to increase prices — and its cheap stock valuations.
Ref: Business Standard

On Tuesday, NIFTY closed 36.00 points higher at 10,799.65

VIX down by 0.40% and closed at 25.10, the usual safe range for VIX is 12 to 20.

SGX Nifty trading +32.05 points higher at 7:45 am Indian Time.