Latest Business News, Live Updates Today July 9, 2024

• Brent futures rose 4 cents to $85.79 a barrel by 0622 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 2 cents to $82.35.

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• This year, shares of Maruti Suzuki surged over 22 per cent, outperforming 12 per cent rise in Nifty 50 index.

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• Asian countries dominated 2024’s list getting 6 out of 10 positions. Southeast Asia stood out with Vietnam, Indonesia, Philippines, Thailand ranking in top 10.

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• Yes Bank said that report on the Reserve Bank of India (RBI) giving nod to the 51% stake sale is factually incorrect and purely speculative.

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• Microsoft will give an iPhone 15 as a one-time-purchase and these will be available for collection at various hubs across China.

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• Reliance Retail is reportedly planning to lease 8,000-10,000 sq ft spaces in prime locations across top cities for a yet-to-be-named brand.

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• Morgan Stanley’s top strategist Mike Wilson said that “the chance of a 10% correction is highly likely sometime between now and the election.”

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• Nikhil Kamath’s stake in the liquor company is valued at approximately ₹400 crore and was acquired through transactions on the open market.

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• When Steve Jobs left Apple in 1985 to launch education computer company NeXT, Chris Espinosa was a senior employee at Apple.

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• The lawsuit said Hyundai Motor America Corp (HMA) pressured dealers to misuse inventory codes meant for “loaner” vehicles to exaggerate their sales figures.

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• The new update goes against the policy of providing end-to-end encryption to every content on the platform.

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• The price of delivered CNG will be hiked by ₹1.5 per kg while domestic PNG will see an increase of ₹1/SCM, the statement said.

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