The 10th edition of the BRICS summit opens in Johannsesburg, South Africa. Prime Minister Narendra Modi will attend the summit during which the grouping’s leaders are expected to deliberate on global hot-spot issues, international peace and security, global governance and trade issues among others.
The initial public offering of HDFC Asset Management Company, the country’s second largest mutual fund firm, will open for subscription today. The price band has been fixed at Rs 1,095-1,100 per share. The 2,800 crore initial share-sale will close on July 27.
Pakistan goes to the polls today to elect a new prime minister, transferring power from one civilian government to another for only the second time in the nation’s 70-year chequered history. A fierce battle is expected between Nawaz Sharif’s PML-N and Imran Khan’s Pakistan Tehreek-i-Insaf (PTI) in Punjab, the most populous province often known for deciding the next government in the country.
Goa will file an application before the Mahadayi Water Dispute Tribunal against Karnataka’s alleged act of diverting the Mahadayi river water to its Malaprabha basin. On Monday, a team of officials from Goa visited Karnataka’s Kanakumbi village, located in the Malaprabha basin adjoining the state’s border, and confirmed that the Mahadayi river water was being diverted.
European Commission President Jean-Claude Juncker will arrive in the United States for trade talks with US President Donald Trump. The visit comes in the wake of the US imposing tariffs on EU steel and aluminium and Trump's threats to extend those measures to European cars.