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

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From fresh layoffs at Microsoft to India overtaking China as the most attractive emerging market for investing, here's a rundown of 11 significant news stories to keep you in the know.

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Weather update LIVE | Delhi Shershah road caves in, traffic affected on C-Hexagon India Gate

The monsoon season is causing mayhem across India with several states facing heavy rainfall, thundershowers, flooding and widespread damage. In Himachal Pradesh, the bad weather has killed 72 people while eight others are missing. Delhi's Yamuna Bridge has also been closed for rail traffic because the river has crossed its danger mark.

Catch LIVE updates on the weather here

India overtakes China as most attractive emerging market for investing, says Invesco study

India has overtaken China to become the most attractive emerging market for investing for sovereign wealth funds this year, a study by Invesco Global Sovereign Asset Management has said. This is due to its solid demographics, political stability and proactive regulation, the report said.

"India has now overtaken China as the most attractive emerging market for investing in emerging market debt,” the report said.

The Invesco report included views from 142 chief investment officers, heads of asset classes, and senior portfolio strategists from 85 sovereign wealth funds and 57 central banks. Collectively, these institutions manage about $21 trillion in assets.

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