Ø Guj HC stays Templeton's e-vote on winding up schemes
Ø Credit card spending falls 51% in April: Survey
Ø Cos with loan recast seek moratorium from banks
Ø HDFC offloads Rs 1,274 cr shares of HDFC Life
Ø Cabinet okays ordinance to amend insolvency law; defaults due to COVID out of IBC ambit
Ø Tata Steel to raise Rs 400 crore through NCDs
Ø PNB lowers rates on savings account deposits by 50 bps
Ø Govt sets up empowered group of secretaries to attract investments to India
Ø PSBs sanction loans worth Rs 10,362 cr under emergency credit scheme
Ø Global air passenger travel plunges 94.3% in April due to Covid-19: IATA
Ø Aurobindo Pharma Q4 PBT rises 32% to Rs1077.51 cr over higher revenue
Ø Coal India output falls 11% to 41 MT in May, coal offtake up at 39.95 MT
Ø RIL in talks with West Asian sovereign funds for Jio Platforms: Report
Business Line
Mint
Ø Cabinet gives its nod to amend Essential Commodities Act
Ø Services PMI at 12.6 in May as activities contract sharply due to pandemic
Ø Tata Power’s Skill Development Institute trains 23k individuals in FY20
Ø RIL nearing deal with Abu Dhabi’s Mubadala: Report
Ø Healthcare firm IVF Access raises $5 million from Vertex Ventures
Ø Aurobindo Pharma hives off biosimilar business to subsidiary
Ø SC asks NBCC, SBI Caps, Receiver, UCO to file joint plan on Amrapali projects
Ø International Tractors report 19% growth in May sales
Ø Goods movement pickup in May signals revival of economic activity
Ø LIC may invest less in stocks as premium growth stalls
Fina1ncial Express
Deccan Chronicle
Ø Cabinet nod for ordinance to allow farmers to engage with processors, aggregators
Ø Only 5% Asia Pacific infra firms highly exposed to COVID-19 disruptions: Moody’s
Ø NCLAT dismisses plea seeking probe against Ola and Uber on price fixing
Ø Adani Power appoints merchant banker to evaluate delisting proposal
Ø Facebook uses Jaadhu to acquire Jio stake worth Rs 43,574 crore
Ø To expand WhatsApp into payments, Facebook invests in Indonesia’s
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