TOP NEWS OF THE DAY: 1. Investor wealth tumbles over Rs 9.75 | Finlight

TOP NEWS OF THE DAY:


1. Investor wealth tumbles over Rs 9.75 trn in two days of a market crash


2. Nearly 50% of Indian software developers plan to quit job this year: Report


3. Russia becomes India's second-biggest oil exporter in May: Report


4. May CPI inflation cools down to 7.04% from an eight-year high in April


5. Retail inflation eased to 7.04% in May, mainly because of softening food and fuel prices as the government and the RBI stepped in to control spiraling price rises by way of duty cuts and repo rate hikes. but remains above RBI's target band.


6. Debt mutual funds record outflow of over ₹32,722 cr in May as interest rates rise


7. The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billions.


8. The Central government's spending on information and technology will grow 12.1 percent to USD 9.5 billion in 2022, an analyst firm Gartner estimated on Monday.


9. Amid rising complaints from customers, the Centre gives 15 days' time to Swiggy, and Zomato to submit plans for improving complaint redressal.


10. Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country's first display fab facility in Telangana with investments worth Rs 24,000 crore.