*Business News Headlines*
*Economic Times*
Ø PNB, LIC, SBI & BOB look to seek bids for UTI AMC stake
Ø Fed pause interest rate hikes but signals more tightening to come
Ø May WPI inflation falls to over 7-yr low of -3.48%
Ø Corporate dollar inflows boost ₹
to 1-month high
Ø Biparjoy landfall today, 50,000 evacuated in Guj
Ø Voda, Hutchison merge to create UK’s largest telco
Ø Govt's call for fuel price cut may eat into OMCs’ margins
*Business Standard*
Ø GST audit of 50,000 new cases in FY24, says CBIC chairman
Ø M&M, Hinduja join race to buy MG Motor India stake
Ø Lenovo to invest $1 bn in 3 yrs
to advance AI infra solutions
Ø Housing prices surge up to 59%
on high demand
Ø 30% localisation: Tough road for Apple
Ø Renault eyes next million cars
by ’30 on EV push, new models
Ø India oil demand growth to cross China’s by 2027: IEA
*Financial Express*
Ø Big tech firms need more Govt sights
Ø FY24 windfall tax kitty may fall amid softer crude prices
Ø Volvo Cars India to electrify before parent’s 2030 goal
Ø EU weighs decision on Google ad biz breakup
Ø NBFCs may see higher cost of
funds as bonds mature: CLSA
Ø Oberoi Realty’s fortune hinges on timely launches, new plots
Ø Working to help India attract
private capital, says Yellen
*Mint*
Ø Coastal Gujarat, Pak brace for floods as Biparjoy nears
Ø reachWPI contracts for second month as energy prices cool
Ø Seafood exports rise 4.31% to
$8 billion in 2022-23
Ø BSE sells 4.5% stake in CDSL for ₹468 crore
Ø Zurich Insurance eyes 51% of
Kotak’s general insurance arm
Ø Sterling Accuris buys Gujarat
pathology network VIP Lab
Ø Telecom sector pines for tariff call
*Business Line*
Ø At 2.59 lakh, 2w exports hit 5 month high in May
Ø Zurich Insurance Group eyes
$400 mn stake in Kotak arm
Ø Modi’s US visit: Yoga, bilateral talks, CEO meet, defence deals on agenda Ø Tata Realty turns to commercial
projects on weak home sales
Ø India, China account for 80% of Russia’s crude oil exports in May
Ø Need to reduce gaps in emerging clean energy technologies Oil Minister
Ø Bernstein bullish on Reliance,
sets a price target of ₹3,040
By: via Telegram.me/AlliesFin #StockMarket #india
