4th June 2K19
Economic Times
Ø RBI exempts PSUs from bank's large exposure rules
Ø Fitch downgrades ICICI Bank rating by a notch
Ø Bank fraud reached unprecedented levels in 2018-19, reveals RBI
Ø Panel recommends digital transactions to govt be free
Ø MCA examining solutions to cut delay under IBC
Ø Increased power supplies regulate prices: IndRa
Business Standard
Ø Need to shift to structural deficit: SBI economists
Ø India's GDP to exceed $3 trillion; to become 5th largest economy in 2019
Ø Dip in oil prices, stable rupee indicate signs of growth: Finance Secretary
Ø India narrowing gap with world leader China on steel sector jobs: Study
Ø Debt funding in MFIs up 63% to Rs 35,759 cr in FY19, equity rises 42%
Ø Factory activity shrinks across Asia as US-China trade war escalates
Business Line
Ø Agri Ministry projects record rice, wheat output for 2018-19
Ø SAT’s no order in PW case puts firms, SEBI, auditor in a spot
Ø NTPC seeks ISA’s endorsement for developing solar projects
Ø Canada’s CDPQ invests ₹1,244 cr in M&M Benefit Trust
Ø On ICICI Bank petition, NCLT orders insolvency process against Marg
Mint
Ø TVS Motor total sales falls 0.89% to 3,07,106 units in May
Ø SoftBank eyes smaller deals, early entry into startups in India revamp
Ø Government bank earnings provide some good news on bad loans
Ø India assets buck Asia losses as weaker GDP spurs rate-cut bets
Ø Fintech adoption grew 64% in 2019; India and China ahead in emerging markets: EY
Financial Express
Ø Collapsed Jet Airways’ ex-partners, rivals scramble to fill India capacity void
Ø China manufacturing data suggests some damage from trade war
Ø India to become 5th largest economy globally this year; 2nd in APAC region by 2025
Ø India Inc pitches for land and labour reforms to achieve double-digit growth
Ø Commerce Ministry to hold meet on Jun 6 to discuss ways to boost exports
Deccan Chronicle
Ø RBI monetary policy panel starts discussions on monetary policy review
Ø Sensex, Nifty close at record highs on rate cut hopes
Ø Batliboi barred from auditing banks
Ø Telecom spectrum auction to be held this year: Prasad