Business News Headlines
Economic Times
Ø India urges BRICS Nations for wider information sharing under Tax Treaties
Ø Dharmendra Pradhan envisages Home delivery of Petrol, CNG
Ø RCF Q4 Results : Profit jumps nearly 3-fold at Rs 142 Crore
Ø Dilip Buildcon Q4 Results: Profit more than doubles to Rs 191 Crore
Ø Power Minister proposes a new scheme worth Rs 3 Lakh Crore to Finance Commission
Ø Limited impact on Vedanta operations due to Coronavirus Lockdown: CRISIL
Ø Merchants, Retailers and Brands to revive India’s Economy : Amazon
Business Standard
Ø India GDP Growth slows to 3.1% in Q4 as Covid-19 Lockdown hits Economy
Ø Govt unlikely to press for hike in GST Rates for Non-essentials next Month
Ø Private equity player Bain Capital in talks to up stake in Axis Bank
Ø Forex reserves soar to Lifetime high of $490 Billion, shows RBI data
Ø Lockdown effect: Core Sector Output crashes record 38.1% in April
Ø Bank Credit Shrinks 1.2% in April, Gross Bank Credit falls to Rs 91.53 trn
Ø UK plans new 5G Club of 10 Democracies, including India, says report
Ø SEBI warns TCS over disclosure of material information to investors
Ø After Vedanta, Adani Power to go for delisting; Board Meet on June 3
Financial Express
Ø UPPCL seeks State Guarantee for 21,000 Crore PFC-REC Loan
Ø Capital Flows running out of steam as DIIs taper after FPIs
Ø Moody’s Downgrades IIFL Finance to B1
Ø No decision taken on setting up Bad Bank: FinMin Official
Ø CIL’s Coal Allocation under E-Auction for Non-Power Sector up 3-folds in April
Ø Niti Aayog suggests slew of steps to make India’s Exports Competitive
Ø US Consumer Spending sinks by record 13.6% in face of Virus
Ø Odisha unveils Rs 17,000 Crores plan to support people’s livelihood hit by Economic Crisis
Ø Singapore top source of FDI in FY20 with Investments worth $14.67 Billion
Mint
Ø FY20 Fiscal Deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
Ø DGCA says Locust swarms pose threat to Aircraft, issues Guidelines
Ø Airlines to witness 47% Decline in Passengers in 2020 due to the Covid -19
Ø RBI imposes ₹4 Crore Penalty on Citibank
Ø SC accepts Mistry's plea against Tata on NCLAT order
Ø Jubilant Life reports ₹260 Crore Profit for Jan-Mar
Ø NBFCs urge FM to widen scope of Emergency Credit line Guarantee Scheme
Ø IndiGrid InvIT to buy Jhajjar KT Transco for ₹310 Crore
Ø US to revoke Hong Kong Trade Status, end relationship with WHO: Trump
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