Current affairs for competitive exams
*Economic Times*
๐ UN predicts 2.3% global economic growth in 2023
๐ SEBI to widen definition of qualified buyers for bonds
๐ Shemaroo's Q4 Results: Net profit skyrockets 136.5% YoY to Rs. 4.8 crore
๐ Max Healthcare Q4 Results: Net profit jumps 85% YoY to Rs 320 crore
๐ Exporters see 11-13% growth in FY24
๐ US retail sales miss expectations, but core sales strong
๐ SPML Infra lenders start Rs 2,000-crore debt sale based on anchor bid from NARCL
๐ GIC buys Phoenix's Hyderabad IT Park for Rs 1,050 crore
๐ Logistics-tech startup Agraga raises $8.5 million in funding
๐ SaaS startup RevenueHero raises $5.1 million in funding from existing investors
๐ Front-end DevTools startup Locofy.ai raises $4.25 million
*Business Standard*
๐ Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23
๐ Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore
๐ Monsoon rains to be 'slightly delayed', hit Kerala on June 4: IMD
๐ HDFC Life declares highest ever bonus of Rs 3,660 cr on participating plans
๐ VIL still needs additional liquidity to survive, says Vodafone Group
๐ US investor Baron Capital slashes Swiggy's valuation by 34% to $7.1 bn
๐ Chemplast Sanmar Q4 results: Net profit declines 80% to Rs 46 crore
๐ Bank of Baroda makes Rs 500 crore provision for Go First exposure
๐ Zomato inks partnership with ICICI Bank to launch its own UPI offering
๐ LIC's new business premium drops 50% to Rs 5,810.1 crore in April
๐ Murugappa's Coromandel International plans Rs 2K cr investment by 2025
๐ Biz activity for Shopify's Indian sellers up 9.8% to Rs 30,100 cr in 2022
๐ IRDAI lowers the solvency requirement for surety bonds to 1.5 times
*Financial Express*
๐ Infosys, bp ink MoU on application service
๐ Sonata to consolidate office spaces, double global IT biz in 3 years
๐ MCA proposes time-bound approvals for M&As
๐ Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures
๐ MakeMyTrip posts profit at $5.4 mn in Q4, sees ‘robust recovery’ in travel demand
๐ Jindal Steel and Power Ltd Q4 net profit falls by 70 pc to Rs 465.66 cr
๐ India-EU Agree To Speed Up FTA, Work on WTO Issues
๐ Import of laptops, PCs, medical devices, solar cells from China fall in FY23: GTRI
๐ Sebi mulls expanding definition of QIB for debt securities
*Mint*
๐ SEC Issues $279 million whistleblower award, its largest ever
๐ Indonesia in talks with Indian firms for big-ticket infra investments
๐ Inox Air plans to tap markets for green hydrogen business
๐ Shadowfax taps Newquest for $30 mn
๐ NHAI awards 6,003 km of highway projects in FY23: report
๐ TV Today Network Q4 net profit down 84% to 5.85cr, revenue down 10.3% to ₹217c
๐ LIC Housing Finance Q4: Net profit up 5% to ₹1,180 crore, dividend declared
๐ FIIs invest ₹1,406.9 crore in Indian market on 16 May, DIIs sell ₹886 crore.
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