*Business Standard :*
Ø Oil imports from Iran down 57% y/y in April: Trade
Ø US commerce secy warns India against retaliatory tariffs
Ø Airtel to merge VSAT ops with Hughes India unit
Ø NCLT begins bankruptcy process for RCom
Ø Essar shareholder seeks ban on Mittal's bid
Ø India IT & biz market to reach $14.3 bn by 2020: IDC
Ø Wipro builds blockchain digital currency in Thailand
Ø Kerosene subsidy bill builds up 21% to Rs 5,800 cr in FY19; LPG jumps 49.4%
Ø Alembic Pharma forms JV to enter a difficult $100 bn Chinese market
Ø Zee stake sale at advanced stage, progressing steadily: Essel Group
Ø Vedanta Q4 PAT at Rs 2,615 cr, down 34% yoy on Tuticorin plant shutdown
Ø Jalan panel to hold 2 more meets before final report on RBI capital size
Business Line
*Mint :*
Ø With $41-billion borrowing, ECBs hit five-year high in 18-19
Ø Hindalco in consortium to promote use of aluminium cans for beverages
Ø Mahindra Logistics Q4 PAT rises 14.5 per cent
Ø Porsche fined 535 million euros over diesel emission cheating
Ø Merck Ltd renamed as Procter & Gamble Health Ltd
Ø ONGC reaffirms strong financials post HPCL takeover
Ø Moderate demand dampens Q4 results for FMCG firms
Ø DCB Bank expects to double balance sheet in next four years
Ø Yes Bank acquires eight crore pledged shares of CG Power
Ø Escorts Q4 net profit up 8% at ₹121 crore
Ø Saudi Aramco said to give extra oil to Asian buyers
Ø Piramal, CPPIB in tie-up for India’s 1st renewables InvIT
Financial Express
*Deccan Chronicle :*
Ø Centrum’s PE Fund invests Rs 15 cr in Ayurveda Experience, Dunzo
Ø BSE Q4 net profit drops 16.46 pc to Rs 51.86 crore
Ø RBI’s holding company model for banks will help contain NPAs, says Charan Singh
Ø IMF chief Christine Lagarde says US-China tensions ‘threat’ to world
Ø Rupee slips to 69.43 against US dollar
Ø Multifold increase in investments in B2B startups
Ø Reserve Bank of India plans more forex swaps, cash injection
Ø NBCC offers just Rs 20 crore to operational creditors
By: via @AlliesFin Serve T.ME/ALLiESFiN
