6th June 2K19
Economic Times
Ø Crisil slashes DHFL CP rating to ‘default’
Ø RBI may ease up on timelines for stressed assets
Ø No iron ore scarcity in country post 2020: PMAI
Ø Prasad to expedite telecom connectivity programs
Ø FDI in services sector up 37 pc to $9.15 bn in 2018-19
Ø IL&FS fire could singe many audit cos in India
Ø Services sector activity growth slips to 12-month low
Ø Tech Mahindra to reduce greenhouse gas emissions
Business Standard
Ø US-China trade war, fragile prices hurt metal sector performance
Ø Gadkari promises Rs 15 trillion highway spending, revival of IL&FS projects
Ø Fitch downgrades ICICI Bank rating from BBB- to BB+ amid banking distress
Ø DHFL-exposed MF schemes suffer 30-50% drop in NAVs, Icra data shows
Ø ACC, Ambuja steadily losing market share on reluctance to diversify
Business Line
Ø Heavy Industry Dept invites EoI for 5,000 electric buses
Ø Govt to consider fixing nutrient-based subsidy rate for urea
Ø Govt may announce infusion of ₹4,000 cr in PSU non-life firms in Budget
Ø NTPC may set up solar power project without signing a power purchase pact
Ø JSW Steel to increase capacity of Vijayanagar plant after 2020
Ø Coal India lines up ₹ 10,000 cr capex to boost output
Mint
Ø Government sets the ball rolling to create more jobs and attract investments
Ø World trade seen having worst year since 2009 as spat worsens
Ø Resolving trade tensions 'immediate priority' for G20, says IMF's Lagarde
Ø Liquid funds may have to invest a fixed portion of assets in govt securities
Ø Wipro to acquire US-based ITI for around₹312 crore
Ø Govt underpaid food subsidy bill by ₹69,394 crore in FY19
Financial Express
Ø Dighi Port chairman Vijay Kalantri under the scanner, Bank of Baroda declares him as ‘wilful defaulter’
Ø International Finance Corporation bets on insurance market, backs this startup
Ø IMF slightly lowers China’s 2019 GDP growth forecast to 6.2%
Ø US decision to withdraw GSP benefits violates global trade rules: Experts
Deccan Chronicle
Ø Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr people: Study
Ø Nirmala Sitharaman to attend G-20 Finance Ministers' meeting in Japan
Ø Manipal Group to have 51 per cent stake in Cigna TTK
Ø Chennai: IRDAI hikes car premium by 12 per cent
