Current affairs

Very Good Morning and Happy Weekend 🤝🪴

Today's Headlines from :

*Economic Times*

📝 IMD retains 'normal monsoon' forecast amid El Nino threats

📝 ONGC Q4 Results: Profit falls 53% YoY to Rs 5,701 crore

📝 Wockhardt reports net loss of Rs 237 crore in Q4FY23

📝 IIFCL plans to raise up to Rs 2,000 cr via 10-year bonds

📝 Forex reserves dip $6.1 billion to $593.48 billion

📝 Apple added 3 new suppliers in FY22 taking India tally to 14

📝 BP, Petronas in race to invest up to $2 billion in Greenko founders’ new platform

📝 Baron Capital slashes Swiggy’s valuation yet again to $6.38 billion

📝 Indian steel industry projects domestic demand to rise 7.5% in current fiscal

*Business Standard*

📝  E-com firm Meesho hints at IPO in 2025; focus shifts to generating profits

📝  Engineers India secures business worth Rs 4,700 crore in FY23; up 185%

📝  Sun Pharma back in black with Rs 1,984-crore net profit in Q4 FY23

📝  M&M Q4 results: PAT grows 18% to Rs 2,637 crore on robust performance

📝  Services sector to drive GDP growth to 4.9% in Q4 FY23, says Icra

📝  Bank of India lowers peak interest rate, offers 7% for one-year deposits

📝  Govt plans PLI for chemicals used in pharma, other industries: Mandaviya

📝  Emerging US debt deal would raise limit, cap spending for two years

*Financial Express*

📝 City Union Bank PAT up 4% to Rs 218 cr

📝 Voltas begins work on Rs 500-cr AC factory in Tamil Nadu

📝 BHEL reports 34.2% fall in profit as higher material costs weigh

📝 InfoEdge posts Q4FY23 loss at Rs 272.83 crore, revenue up 27.9% at Rs 604.78 crore

📝 AGEL arm commissions 130-MW wind energy plant in Gujarat

📝 India’s exports to Germany may get adversely impacted due to recession: Exporters

📝 Govt’s rice procurement reaches 52.06 million tones so far; makes Rs 1.6 lakh crore MSP payment

📝 Rupee rises 14 paise to close at 82.58 against US dollar

*Mint*

📝 Govt weighs generic drug mandate for pvt hospitals

📝 India moves WTO dispute panel over ICT import duties

📝 Reliance partners General Mills to enter snacking biz

📝 Govt sets up high-level panel to oversee cheetah project

📝 Govt to amend rules to auction lithium, rare earth minerals

📝 Karnataka Bank posts over 171% growth in Q4 PAT despite high provisions

📝 US inflation picks up, keeping Fed tilted toward another hike

📝 US defence secretary Lloyd Austin to visit India in early June.