*Business News Headlines*
*Economic Times*
Ø GST kitty swells, factory activity hits 31 month high
Ø Major players looking at India as next chip making destinations
Ø Two-wheeler, PV sales roar on rural demand
Ø Asia’s factories signal more
pain as China recovery falters
Ø BPCL in talks with Sulzer to make aviation fuel from used cooking oil
Ø Air of cautious positivity around new-age stocks
Ø GST mop-up rises 12% to ₹1.57 trillion
*Business Standard*
Ø May data paints healthy picture
of the economy
Ø Buyers of PSU shares exempt from gift tax
Ø TVs to cost 10% more as open
cells get costlier
Ø FPI flows may trip on Sebi’s stricter disclosure rules
Ø Auto companies post record sales for May
Ø Govt in talks with Micron for semicon fab factory
Ø Adani scraps deal to buy Macquarie road projects
*Financial Express*
Ø Byjus lenders scrap $1.2 bn loan rejig talks
Ø IDBI bank buyers to get tax waiver on LIC stake
Ø Google’s shareholders seek assessment of plans to expand cloud regions in India
Ø House passes debt limit Bill in a bipartisan vote
Ø India, EU eye agreeable solution over ICT tariffs
Ø Manufacturing PMI hits 31-mth
high in May on strong demand
Ø Go First submit 6 month revival plan
*Mint*
Ø Embraer taps Tata, M&M for local mfg
Ø FPIs face scrutiny as custodians label Mauritius high risk
Ø Govt weighs 3-8% increase in MSP for kharif crops
Ø GST collections keep up with the
trend, rises 12% to ₹1.57 tn in May
Ø Fairfax’s Go Digit to start life
insurance business in 6 months
Ø Manufacturing PMI at 31-mth
high on restocking, rising biz
Ø Commercial LPG price cut by ₹83.5, jet fuel by 7% as crude oil prices dip
*Business Line*
Ø PVs, twowheelers rev ahead
in May; CVs on slow lane still
Ø India’s garmentmakers turn upbeat with global brands coming back after a lull
Ø Foxconn to start making iPhones
in Karnataka by April 2024
Ø Petrol, diesel sales surge in May driven by agri, summer demand
Ø India may ship 75,000 tonnes of
broken rice to 3 African nations
Ø Wheat, rice stocks comfortable to meet needs: Food Ministry
Ø Delhi HC directs SpiceJet
to pay ₹380 crore to Maran
By: via Telegram.me/AlliesFin #StockMarket #india
