🇮🇳Business News Headlines

Economic Times
 
Ø  Indian Oil signs up to invest Rs 24,000 Crore in Gujarat Refinery expansion, Petrochemical Project
Ø  PSU Bank Privatisation plan could face hurdles amid Covid: Fitch
Ø  Curb excess import of edible oils from Nepal, trade body SEA tells government
Ø  Homebuyers’ body FPCE says RERA’s project completion objective yet to be achieved
Ø  Second Covid wave may restrict CV sales growth to 23-28 % in FY22: Crisil
Ø  Govt extends free foodgrains scheme till Nov for 80 crore beneficiaries

Business Standard

Ø  Lenders can realise Rs 55,000-60,000 Crore from IBC Cases in FY22
Ø  Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 Crore
Ø  Sebi fines Franklin MF Rs 5 Cr, asks it to return Rs 512 Cr fund mgt fees
Ø  Anil Ambani to raise stake in Reliance Infra via creeping acquisition
Ø  US FDA approves Biogen's drug aducanumab to treat Alzheimer's disease
Ø  ED transfers Rs 5,600 Cr UBL shares to Recovery officer's demat account

Business Line
 
Ø  Lenders approve Tata Steel arm’s bid for Rohit Ferro-Tech
Ø  Tata Digital to invest $75 Million in CureFit
Ø  India to add 20GW wind capacity by 2025: GWEC
Ø  IREDA extends CPSU scheme phase II deadline till June 15
Ø  CIE-IIITH, SucSEED join hands to invest in deep tech startups
Ø  MRF posts ₹431 Cr Profit in Q4
 
Mint

Ø  America offers the backdrop for global economic trends
Ø  Sebi tweak prompts Companies to advance listing plans
Ø  Paytm said to move ahead with planned $3 Billion IPO
Ø  Quess Corp’s new dividend policy gives hope to investors
Ø  Jaypee insolvency: Suraksha group sweetens bid just before lenders' meet
Ø  DHFL shares may get delisted post acquisition by Piramal

Financial Express
 
Ø  NCLT approves Piramal Group’s offer for DHFL on certain conditions
Ø  Businesses struggling with rising cost of raw materials: PHDCCI Survey
 
Business  World

Ø  Goodyear Acquires Cooper Tire & Rubber Company
Ø  Union Bank Of India Q4 Profit At Rs 1,330 Cr

That's why I am trying to teach you, don't react on news, and I am trying to not put any views on every stocks.

Read 📖

😂😂Doosro ke paise se kabhi grand masti nahi karni, apne paise pe jitni karni hai karo.

Gn

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Diligence is the Mother of Good Luck ~ Jim Rohn
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Gn

Keep Learning... :)

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Gn

🇮🇳Business News Headlines

Economic Times
 
Ø India's Agriculture Exports jump to $ 41 Billion
Ø Bank of Baroda cuts MCLR for various tenors
Ø Century Ply Q4 Profit rises 115% to Rs 83 Crore
Ø NHPC March quarter profit rises 80% to Rs 464 Cr
Ø IIFL Home Finance looking to raise up to Rs 1,000 Cr through bonds
Ø 3rd tranche of open market purchase of Rs 40,000 cr G-Secs on June 17: RBI
Ø RBI hikes ATM interchange fee to Rs 17 from Rs 15; allows 5 free ATM transactions
Ø Tata Steel eyes growth opportunities after paring debt beyond target
Ø Slintel raises $20 Million in funding round led by GGV Capital
Ø Edtech startup Leverage Edu raises $2 Million from Trifecta Capital
Ø US annual inflation jumps to 13-year high of 5% in May

Business Standard

Ø Tata Digital to acquire majority stake in online healthcare marketplace 1MG
Ø GST Council to meet Saturday, discuss tax exemption on Covid-19 essentials
Ø Fintech firms expect business as usual by July, says FACE survey
Ø YES Bank board approves fundraising up to Rs 10K crore via debt securities
Ø Koo expands its wings, govt of Nigeria joins microblogging platform
Ø Amazon gets UK antitrust scrutiny over data usage, says report
Ø In a first, Verizon brings commercially available private 5G network in US
Ø G-7 plans 1 Billion extra Covid-19 Shots to end pandemic next year
Ø Gati Ltd looks to shut two more businesses post cold chain exit
Ø Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles

Financial Express

Ø Lenders start voting on resolution plan of RCFL
Ø Coal Sector facing some headwinds from financial markets: Govt
Ø Cult.fit acquires Tread to launch hardware-at-home biz
Ø At 6,499 MW, Delhi sees highest power demand this Summer
Ø JSW Steel output rises 10 % to 13.67 LT in May
Ø Wipro IT Services approves issuance of up to USD 750 mn dollar denominated notes
Ø IIT Madras to develop software to monitor maritime traffic

Mint

Ø Monsoon sets in over Odisha, to cover entire state in 2 days: IMD
Ø OPEC sees Oil demand recovery gaining strength in second half of the year
Ø Waterfield Advisors hits first close of its Rs500 Crore Fund of Funds
Ø Govt to auction 'major' oil, gas fields of ONGC, Oil India: Dharmendra Pradhan
Ø 49% of new-to-credit retail borrowers below 30 years, 24% were women: Report
Ø Electric mobility startup Cell Propulsion raises $2 Million
Ø Kale Logistics raises $5 Million in Series A funding led by Inflexor Ventures
Ø LIC’s Individual Annual Premium equivalent decline 13% in May

Patience is the "KEY" To make "MONEY" In Stock Market.

Congratulations to those who have taken rs.200 dividend and also capital appreciation on Oracle.
Simple formula for making Money in Stock Market, Don't react and Stay invested in Fundamental Stocks.
In short term stocks may very volatile but if you understand their business model and know how company earn cash flow from their products then it is a opportunity for YOU to Make Money.
It takes time to understand Stock Market Properly till then Keep Learning.

Stay Tuned... :)

Gn