*Business News Headlines*
*Economic Times*
Ø Centre may invite fresh bids for CEL after charges of rigging
Ø Draft cabinet note issued for listing of 25% shares of Coal India arm
Ø Tata Motors inches closer to Hyundai in race for number two spot
Ø SBI revises up FY23 economic growth forecast to 7.5%
Ø Inflation and wheat, sugar export ban dampen consumer sentiment
Ø Tea companies refuse to pick orders on high chemical content
Ø India's Q1 growth seen in double digits but inflation, crude prices pose risks
Ø NIIF may acquire Ashoka Buildcon toll road company for Rs 1,000 crore
Ø Good monsoon outlook in India tempers fears of rice export curbs
Ø Concession period hiked to 45 yrs for proposed multi-modal logistics parks
Ø Some transactions could be excluded from crypto tax
Ø Global semiconductor shortage likely to last through 2023
*Business Standard*
Ø UltraTech announces Rs 12,886 cr capex plan as competition grows in cement
Ø YES Bank board approves buyback of overseas bonds up to $200 mn
Ø Govt to issue framework to stop restaurants from levying service charge
Ø Vadodara: Massive fire breaks out at Deepak Nitrite's plant, 7 hospitalised
Ø Freight rates in May fall but transporters defer fleet expansion plans
Ø Decline in coal imports in FY22 due to less buying by power sector: Govt
Ø Pvt refiners profit from cheap Russian crude, state refiners suffer
Ø ONGC applies for mining license to discover oil fields in Samastipur, Buxar
Ø Mittals looking to raise $2 bn to buy portion of Singtel stake in Airtel
Ø Knowledge Marine bags Rs 70-cr order from Dredging Corporation
*Financial Express*
Ø Principal MF ceases to exist as mutual fund: Sebi
Ø Individual settles case with Sebi in Religare
Ø LIC, Adani Wilmar stocks likely to get large-cap tag in AMFI’s next review, SAIL may be revised as mid-cap
Ø Illegal variety occupies about a fifth of GM cotton seed market
Ø JSW Steel to expand capacity to 36 mtpa, invest Rs 20,000 crore
Ø Individual settles case with Sebi in Religare
Ø LIC’s gains from equity investments improve 16.6%
Ø Amazon to pull Kindle out of China, other businesses to remain
Ø Cipla adds capacity of a captive renewable energy power plants in Maharashtra and Karnataka
Ø BSNL seeks spectrum worth Rs 61,000 crore in premium 700 Mhz frequency, prime 5G band
Ø High inflation rate in India and challenges being posed by it
By: via @AlliesFin Serve Stock Market
