Banking current affairs

Good Morning 🌈

Today's Headlines from :

*Economic Times*

📝 Moody's sees mfg & infra driving India growth; flags reforms, policy barriers

📝 Biocon Q4 Results: Cons PAT grows 31% YoY to Rs 313 crore, revenue surges 57%

📝 Fortis Healthcare Q4 Results: Net profit jumps 59% to Rs 138 cr in Q4FY23

📝 I-T department enables online filing of ITRs 1, 4

📝 Maruti estimates a fourth of its sales to be SUVs this fiscal

📝 India proposes talks on international norms for 'green, clean & low-carbon' hydrogen

📝 Edelweiss-backed Sekura Roads to acquire Thrissur Expressway Ltd

📝 Oberoi Realty inks pact to acquire NRB Bearings' 6.4-acre land in Thane

📝 PVR Inox ready with Rs 700-crore plan to set up new screens, retrofit old ones

📝 Google-backed Anthropic raises $450 million in latest AI funding

📝 Physis Capital reaches first close of $7 million for $50 million fund

📝 Battery-tech startup EMO Energy raises $1.2 million in funding

*Business Standard*

📝  ALD Automotive completes acquisition of LeasePlan, makes local mgt changes

📝  Amara Raja Batteries posts 41% rise in Q4 net profit; revenue up 11%

📝  PC shipments fell by 30% in first quarter, notebooks fared the worst

📝  Ashok Leyland Q4 consolidated net up four-fold to Rs 803 cr

📝  US Trade Development Agency aims for greater India-US partnership on 5G

📝  Apple inks multi-billion-dollar deal with Broadcom for US-made chips

📝  Builder.ai gets $250 mn from Qatar Investment Authority, valuation up 1.8x

📝  Simple Energy launches 'India fastest' e-scooter with 200 km range

📝  SpiceJet plans new flights; pilot pay up at Rs 7.5 lakh per month

📝  India's running offices present a $61 bn listing opportunity via REITs: JLL

*Financial Express*

📝 Trent sets up 50:50 JV with Singapore’s apparel maker MAS Amity

📝 Govt to invite financial bids soon for stake sale in BEML

📝 JSW Energy Q4 net profit at Rs 272.05 crore

📝 E-commerce to get tax refunds at par with other exports: DGFT

📝 Flexi staffing sector registers 14% growth in new jobs in FY23

📝 Thyssenkrupp sets up new tech centre in India

📝 Government rules out lifting ban on wheat export

📝 Rupee settles on flat note at 82.82 against US dollar

*Mint*

📝 Centre to release first draft of Digital India  Act in early June

📝 ADIA invests $50-60 mn in Purplle at $1.1 bn valuation

📝 Warburg to acquire 66% stake in Watertec, may buy the rest later

📝 Leyland to invest up to ₹1,200 cr in Switch Mobility

📝 Adani Green plans to raise up to ₹6,000 crore in share sale

📝 Centre asks states to expedite implementation of renewable energy schemes

📝 Carlyle to buy over 20% in Quest Global

📝 Dynamic Cables Q4 net profit zooms 18% to ₹10 Cr, 5% final dividend declared

📝 Antin Pledges $100 Million to Community Clean-Energy Developer PearlX

📝 Dreamfolks Services Q4 Results: Net profit rises 184% to ₹25 crore

📝 Indian Railways hands over 20 broad gauge locomotives to Bangladesh

📝 US business activity unexpectedly quickens to a 13-month high

📝 Domestic airlines record 43% rise from Jan-Apr in number of passengers

📝 Wipro expands Google Cloud partnership to advance enterprise adoption of AI.