Tuesday 7 June 2022

@AlliesFin Serve Stock Market's Post

*Business News Headlines*

*Economic Times*
Ø NMDC shareholders, creditors to discuss Nagarnar Steel Plant demerger on Tuesday
Ø Swan Energy to commission first floating LNG unit
Ø Tata Motors signs agreement with Blusmart electric mobility for delivering 10,000 Xpres T EVs
Ø Sebi rejigs mutual fund advisory committee
Ø RBI had questions about home loan agreement between HDFC and HDFC Bank
Ø Watsa plans to invest $7 billion more
Ø Export levy, domestic surfeit can dent bottom lines of steelmakers
Ø Oil jumps after Saudi Arabia hikes crude prices
Ø SBI Card to raise Rs 2,500 cr via NCDs
Ø Canara Bank, Karur Vysya raise lending rates
Ø Some transactions could be excluded from crypto tax
Ø Govt, regulator in talks to ease norms for new insurers to diversify industry

*Business Standard*
Ø Musk says he may drop Twitter deal if data on fake accounts not provided
Ø Promoters' loans, rising earnings help Adani cos to slash interest costs
Ø India in talks to increase Russian oil imports from Rosneft: Report
Ø Margin gains for oil refiners amid Ukraine war-led energy price spike
Ø Freight rates in May fall but transporters defer fleet expansion plans
Ø Efforts on to introduce ethanol in agri, construction equipment: Gadkari
Ø Pvt refiners profit from cheap Russian crude, state refiners suffer
Ø Govt won't impose countervailing duty on few Malaysian aluminium imports
Ø Reserve Bank of India penalises Punjab & Sind Bank over non-compliance
Ø CPSEs to execute sale of units having Cabinet nod for privatisation: DIPAM

*Financial Express*
Ø First set of NPAs likely to be transferred to bad bank next month, says FinMin
Ø In a historic first, weavers import cotton yarn
Ø Tamilnad Mercantile Bank gets Sebi’s nod to float IPO
Ø India in talks to increase Russian oil imports from Rosneft
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 Reserve Bank of India comes out with provisioning norms for large NBFCs
Ø Marico plans to strengthen focus on health food portfolio
By: via @AlliesFin Serve Stock Market

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