Here's a rundown of 11 significant news stories to keep you in the know:

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From details on ITC's hotel business demerger to the 3 Indian startups that made it to WEF’s tech pioneers 2023 cohort, here's a rundown of 11 significant news stories to keep you in the know.

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Demystifying risk and return: Navigating the financial landscape to achieve your goals

When it comes to investing in the financial markets, there are two key factors that every investor must consider: risk and return. These two concepts are intertwined and play a crucial role in determining the success of your investment journey. As an Indian mutual fund investor, understanding the dynamics of risk and return becomes even more important, considering the diverse range of investment options available in the country's financial landscape. In this article, we aim to demystify these concepts and provide you with insights to help you navigate the financial landscape and achieve your investment goals.

From royalty payout to zero debt: More details on ITC's hotel business demerger

In an investor call held after the demerger of the hotel business was announced, ITC Ltd. said that they chose to own 40 percent in the new entity instead of a vertical split, to provide strategic support and synergies to the same.

On Monday, ITC's board gave an in-principle approval for the demerger of the hotel business, confirming CNBC-TV18's July 5 newsbreak. As per the scheme of arrangement, the company will hold a stake of close to 40 percent in the new entity, while the remaining 60 percent will be held by the company's shareholders, proportionate to their shareholding in the company.

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Mumbai Rains LIVE: Modak Sagar Lake overflows, schools shut in Thane and Palghar as waterlogging hits streets

Waterlogging was reported in several parts of Maharashtra as heavy rains lashed the state on Thursday. The India Meteorological Department has issued a yellow alert for Mumbai, predicted heavy rainfall on Friday. IMD officials at the Mumbai division told CNBC TV-18 that considering the heavy rainfall since early morning, the IMD will review the situation and change the alert accordingly.

An orange alert has been issued in Thane, Raigad, Ratnagiri and Pune among other regions. Meanwhile, all schools and colleges have been shut in Palghar. Holiday has also been declared for all the primary, secondary and higher secondary schools in the Thane district.

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