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• President Donald Trump says a U.S. warship destroyed an Iranian drone in the Strait of Hormuz amid heightened tensions between the two countries.


• Trump says it’s the latest “hostile” action by Iran. He’s calling on other countries to condemn what he says is Iran’s attempts to disrupt the freedom of navigation and global commerce in the strategic waterway in the Persian Gulf region.

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• The White House confirmed on Wednesday that Turkey would be excluded from the F-35 stealth fighter jet programme after it purchased a Russian missile defense system in defiance of warnings from Western allies.


• “Unfortunately, Turkey’s decision to purchase Russian S-400 air defense systems renders its continued involvement with the F-35 impossible,” White House spokeswoman Stephanie Grisham said in a statement.

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• Police had taken into custody a 41-year-old man who shouted “{You} die!” as he poured what appeared to be gasoline around the studio.


• A man screaming “You die!” burst into an animation production studio in Kyoto, Japan, and set it on fire on July 18, authorities said, leaving nearly 33 people confirmed or presumed dead, shocking anime fans in and outside Japan.

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• The U.S. House of Representatives on Wednesday rejected a Congressman’s bid to launch impeachment proceedings against Donald Trump, tamping down a groundswell of anger after the President made xenophobic comments about Democrats.


• The chamber voted 332 to 95 to table, or effectively kill, a resolution brought by Democrat Al Green that raised whether to begin procedures to remove Mr. Trump from office.

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• Former president Pranab Mukherjee said on Thursday that India would become a $5 trillion economy by 2024 because of the strong foundation laid by previous governments.


• Delivering a lecture on ‘Furthering India’s Promise’, Mr. Mukherjee said various economic and social sectors are performing well because of the efforts of Indians since Independence.

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• In a dossier to Pakistan, India has mentioned nearly 30 instances in the past four years when Sikh pilgrims visiting the neighbouring country were subjected to “anti-India propaganda” such as espousing the Khalistani cause.


• The 23-page dossier was handed over to the Pakistani delegation during the Kartarpur corridor talks held at Wagah last week.

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• Central power to decide tenure, salaries of information commissioners will hurt autonomy, say activists


• The Centre will introduce a Bill to amend the Right to Information Act, 2005 in the Lok Sabha on Friday.


• The Bill proposes to give the Centre the power to set the tenure and salaries of state and central Information Commissioners. Critics warn that such a move could dilute the effectiveness of the RTI Act and threaten the autonomy of the Information Commissions.

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• Congress leader in the Lok Sabha Adhir Ranjan Chowdhury on Thursday claimed that the ‘sanctity of Budget numbers have been called into question’ and strongly objected to the manner in which Finance 2019 Bill was introduced by Finance Minister Nirmala Sitharaman.


• As soon as the Finance Minister introduced the Bill, Revolutionary Socialist Party (RSP) MP N.K. Premachandran contended that a Finance Bill should be about taxation but the 2019 Finance Bill had provisions to amend a number of laws, including the Benami, SEBI and PMLA Acts and urged Speaker Om Birla to disallow it.

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• The drop in profit of the life insurance subsidiary of State Bank of India, the country’s largest lender, was attributed to higher tax outgo.


• The insurer’s gross underwritten premium grew 26.4 percent to ₹1,278 crore in the first quarter of the fiscal from ₹1,011 crore a year ago. It made an underwriting profit of ₹1.47 crore in the April to June 2019 quarter, compared to ₹6.91 crore in the same period a year ago.

• If Nifty fails to regain 11,720 in the coming week, it may trigger further selling pressure. Important support for Nifty is seen around the 11,500.


• This week’s tactical pick is SBI Life Insurance (current market price: Rs 741).


• Prakash Gaba of prakashgaba.com is of the view that one can buy Wipro with a target at Rs 280 and stop loss at Rs 267 and sell Canara Bank with a target at Rs 260 and stop loss at Rs 273.


• Fund managers were also quick to spot companies which have plunged in double digits up to 60 percent so far in 2019.


• EBITDA per tonne increased sharply by 26 percent to Rs 1,089 per tonne in Q2 and the same on a sequential basis jumped 54 percent.


• According to Angel Broking, EURUSD appreciated by 0.12 percent yesterday while EURINR depreciated by 0.25 percent during the same time frame.


• The top gainers from NSE include NTPC, Titan Company, UltraTech Cement, Coal India, and Tata Consultancy Services while the top losers are Bajaj Finance, GAIL India, Mahindra & Mahindra, Tata Motors and Bajaj Finserv.


• According to Angel Commodities, on Thursday, WTI Crude prices dipped by 1.5 percent to close at $56.8 per barrel.


• "Our Q1 FY20 results were disappointing, we recorded a revenue of USD 156.6 million lower by 5.2 percent quarter-on-quarter and 2.6 percent year-on-year," Cyient Managing Director and CEO Krishna Bodanapu said.


• DCB Bank’s Q1 earnings disappoint, wait for growth to pick up


• ICICI Direct recommended hold rating on Colgate-Palmolive (India) with a target price of Rs 1250 in its research report dated July 19, 2019.


• Over 300 stocks hit a 52-week low as Sensex erases 400 pts; Maruti, Mahindra, Yes Bank among top losers


• ICICI Direct recommended hold rating on Sterlite Technologies with a target price of Rs 180 in its research report dated July 19, 2019.


• Arihant Capital recommended hold rating on DCB Bank with a target price of Rs 218 in its research report dated July 17, 2019.

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• Out of 18,126 students who appeared for NATA July 2019, as many as 14,589 cleared the same. Result available at nata.in.


• As per the official data, a total of 35,748 students registered for the NATA April exam while 35,651 students applied for the July exam. The test is conducted twice a year. Out of 18,126 students who appeared for NATA July 2019, as many as 14,589 cleared the same.

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• Top Indian shuttler P.V. Sindhu fought hard to progress to the women's singles quarterfinals but it was curtains for Kidambi Srikanth in the men's singles event of the Indonesia Open, in Jakarta on Thursday.


• Sindhu, seeded fifth, had to dig deep into her reservoir of experience as she slugged it out for 62 minutes to beat unseeded Mia Blichfeldt of Denmark 21-14 17-21 21-11 in a second-round encounter.

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• The Ministry of Tourism’s campaign, “Find the Incredible you” has won the Pacific Asia Travel Association (PATA) Gold Award 2019 under the “Marketing – Primary Government Destination” category.


• It was launched as part of ‘Incredible India 2.0’ Campaign. Series of transformative experiences of foreign through unique storytelling in the format of autobiographies with the tagline “Find the Incredible You were launched under the campaign, which had shifted strategy focus from external.

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• On the 20th anniversary of the Kargil War a new book titled, “Kargil: Untold stories from the War” authored by Rachna Bisht Rawat released in New Delhi.


• 2019 marks the 20th anniversary of the Kargil War lasted for nearly three months, initiated in the May of 1999 in an effort to displace Pakistani soldiers from the peaks they had occupied on the Indian side of the Line of Control (LoC). India got the victory in the war, but lost over 500 soldiers.

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• Former South African soccer player Marc Batchelor was shot dead in car, outside his home in Olivedale, Johannesburg, South Africa. He was 49 years old.


• Born on January 4, 1970 in Johannesburg, South Africa, he played for South African teams Kaizer Chiefs, Orlando Pirates, Mamelodi Sundowns, Moroka Swallows & Supersport United and retired in 2003.