Top five stories to watch out for on June 27, 2019

| Updated on June 26, 2019 Published on June 27, 2019

Joe Biden   -  REUTERS

The G-20 Summit will begin on June 27 in Osaka, Japan. Prime Minister Narendra Modi will also attend the meeting. MEA spokesperson Raveesh Kumar announced that former Union minister Suresh Prabhu would be India’s Sherpa at the meet. G-20 economies account for nearly 90 per cent of the gross world product, 80 per cent of world trade, two-thirds of the world population, and approximately half of the world land area.

The debate between Democratic candidates, for the upcoming United States (US) elections in 2020, will continue for the second day on June 27. The debate, which is being conducted in Florida, began on Wednesday. It saw the participation of few popular candidates namely Tulsi Gabbard, Beto O’Rourke and Elizabeth Warren. On Day 2, front runners Joe Biden, Bernie Sanders, Kamala Harris, and Andrew Yang will participate in the debate.   

The next remand hearing in the extradition case, involving fugitive diamond merchant Nirav Modi, will take place on June 27. Nirav Modi has been charged with fraud and money laundering amounting to nearly $2-billion in the Punjab National Bank (PNB) case. Modi was arrested by Scotland Yard officers on an extradition warrant from a Metro Bank branch in central London on March 19 and has been in prison since.

The Securities and Exchange Board of India (SEBI) will hold a board meeting on June 27. The market watchdog is likely to come out with guidelines on differential voting rights (DVR), new norms for buyback and pledging of shares by promoters during the course of the meeting. Apart from superior DVRs and buyback of shares by high debt companies, high financing deals involving loan against shares to promoters by mutual funds and NBFCs have also been an issue.

India will take on West Indies in the ICC World Cup 2019 match on June 27 at Old Trafford situated in Manchester, England. The match will commence at 3 pm Indian Standard Time (IST). So far India has won four of the five matches played during the tournament while West Indies has won only one match. Team India needs two more wins to be qualified for the semi-finals.

Published on June 27, 2019

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