3rd June 2K19
Economic Times
Ø DoT may auction 4G, 5G spectrum by October
Ø Trump urges Britain to go for no-deal Brexit
Ø China says war with US would be a disaster
Ø CIL's output falls 1.1%, off-take 1.4% in May
Ø 'World airline industry to post $28 bn profit in 2019'
Ø TPDDL claims Rs 7 cr dues from NDMC, DSIIDC
Ø Hero MotoCorp May sales up 13.5% to over 6.5L units
Ø Bharti Infratel, Indus Towers merger gets NCLT nod
Business Standard
Ø Reliance Industries resumes lobbying in US power corridors, hires new firm
Ø ONGC overtakes IOC as most profitable PSU after profits jump by 34% in FY19
Ø Hyundai's domestic sales hit slow lane in May; decline 5.6% to 42,502 units
Ø Planning to raise Rs 11,900 cr in FY20 through share sale: Bank of Baroda
Ø India plays down Trump decision to remove US trade privileges
Business Line
Ø Govt committed to take new reform initiatives, says NITI chief
Ø Tata Steel completes acquisition of Bhushan Energy
Ø Tata Motors domestic sales decline 26% to 40,155 units in May
Ø BEL eyes space electronics as next growth area
Ø Maruti reports 22% drop in May sales at 1,34,641 units
Ø Mahindra & Mahindra sales drop 3 per cent to 45,421 units in May
Mint
Ø Earnings of Indian firms decline for the first time in six quarters
Ø Glenmark’s sticky debt and moderate US growth is making investors edgy
Ø Swiss bank accounts: Notices to Indian clients continue
Ø RBI likely to cut repo rate by 25bps on weak growth, soft inflation
Ø Distressed debt funds out of favour in 2019, shows report
Ø Sebi wants 10% mandatory deposit before appeals at SAT against its orders
Financial Express
Ø BBNL eyes taking over operations, maintenance work of BharatNet infra
Ø Reliance restarts lobbying with US lawmakers; ropes in new lobbyist
Ø Morgan Stanley warns of recession within a year
Ø Demand slowdown drives 5.32% fall in gems and jewellery exports in FY19
Ø GST collections in May at Rs 1 lakh crore
Deccan Chronicle
Ø FPIs remain buyers for fourth consecutive month; infuse Rs 9,031 cr in May
Ø GSK Consumers Healthcare gets shareholders' approval for merger with HUL
Ø Removal of trade status will not hinder economic ties with US, says India
Ø SFIO may attach assets of IL&FS honchos, auditors
Ø Inventory levels still high with dealers