@Alliesfin
Business Standard :
Ø India's economy to contract by 3.2% in FY 20-21: WB
Ø RBI proposes easier securitisation, loan sale guidelines
Ø World faces largest downturn since 1940s: World Bank
Ø India plans to hike edible oil import taxes
Ø RBI proposes framework for sale of loans
Ø Third case filed against Franklin for shutting schemes
Ø ONGC Videsh output may fall in FY21
Ø Bank credit growth to hit multi-decade low of 0-1% in FY21: Crisil
Ø IBC suspension during Covid-19 will give firms breathing space: Experts
Ø Telecom sector may remain three-player market, Vodafone Idea seen surviving
Ø US FDA grants orphan drug status to mexiletine hydrochloride: Lupin
Ø SBI to cut MCLR by 25 basis points from June 10 across all tenors
Ø Indian economy will shrink 5% in FY21, stimulus not enough: S&P Ratings
Business Line
Mint :
Ø Govt may consider extending deadline for availing 15% corporate tax rate benefit
Ø Tata Power signs MoU with MG Motor for EV chargers
Ø Voltas plans to set up new production unit in South India
Ø NCLAT upholds liquidation of IVRCL as a going concern
Ø IL&FS sells 50% stake in GIFT City to Gujarat Government
Ø NSE shutters NOW
Ø SC agrees to hear plea by Oil ministry against recovery of $499 mn by Vedanta
Ø Govt open to extend deadline for lower tax rate on new manufacturing investments
Ø Competition Comm initiates studies on telecom sector, M&A in digital market
Ø IDBI Bank now among India's five most valuable private banks
Ø Axis, IIFL, ICICI Prudential AMCs lead race to buy out L&T Mutual Fund
Financial Express
Deccan Chronicle :
Ø Japan still in recession, but economy shrank at lower rate
Ø PVR reports net loss of Rs 74.61 crore in Q4
Ø PNB scam: Court allows confiscation of Nirav Modi’s assets
Ø Power demand falls 15% in May on muted factory usage
Ø No full recovery in airline sector before 2023: Moody's
Ø Yes Bank case: ED raids five premises of Cox and Kings in Mumbai
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