Headlines

*Economic Times*

📝 Lithium producers Allkem, Livent to combine in $10.6 billion deal

📝 US debt ceiling impasse pushes government credit default swaps to record high

📝 Escorts Kubota Q4 Results: Profit rises 14% YoY to Rs 216.5 crore

📝 L&T Q4 Results: PAT rises 10% YoY to Rs 3,987 cr; dividend declared at Rs 24 per share

📝 Dr Reddy's Labs Q4 Results: PAT sees nine-fold jump to Rs 960 crore, dividend declared at Rs 40/share

📝 JSW Infrastructure files DRHP to raise up to Rs 2,800 crore via IPO

📝 Nabard, SBI Cards may seek up to Rs 5,800 cr via bond issues

📝 US consumer inflation eases to 4.9% in April, better than expectations

📝 IoT startup Doppelio raises $1.2 million in funding from Axilor, Mela Ventures

📝 Logistics startup Ripplr raises $40 million in funding led by Fireside Ventures

📝 Cybersecurity outfit SquareX raises $6 million in funding from Sequoia Capital SEA

*Business Standard*

📝  Shell firms under scanner of tax authorities over fake ITC claims

📝  Lifestyle International plans to open 50 stores in next 3-4 years

📝  Sanofi India to demerge consumer health biz into a wholly-owned subsidiary

📝  Cisco to start manufacturing in India, eyes $1 billion production capacity

📝  GAIL to build $4.89-bn ethane cracker near LNG import plant in West India

📝  Govt plans green fuel port usage, bunkering in net-zero target push

📝  FinMin to take call on Rs 3,000 crore infusion into 3 PSU general insurers

📝  Sugar production declines 9% in 2022-23 season due to low recovery

📝  EU proposes tougher cybersecurity labelling for Amazon, Google, MS

*Financial Express*

📝 FMCG market may grow 7-9% in 2023 on rural push

📝 Godrej Consumer Q4 net profit up 24.5% to Rs 452.11 cr, revenue up 9.6% to Rs 3,172.21 cr

📝 JSW Steel crude steel output grows 7 pc to 17.77 LT in April

📝 India to flag e-trade tariff waiver, food subsidy at June WTO meet

📝 Govt gives time till May 31 for Goods Transport Agencies to opt for GST payment

📝 Direct market access to FPIs in commodity trade gets Sebi nod

📝 Rupee gains 6 paise to close at 82.00 against US dollar

*Mint*

📝 Earthquake of magnitude 7.4 hits off Tonga, no tsunami warning

📝 FCI procures over 70% wheat of estimated target

📝 Joe Biden to host Narendra Modi for official state visit on 22 June

📝 Toyota Accelerates EV Revamp With Extra $7 Billion Investment

📝 Gujarat Gas Q4 Results: Net profit falls 16% to ₹369 crore, dividend declared

📝 Centre waives quality assurance charges for defence exports boosting cost competitiveness

📝 India’s mineral output up 4.6% in February

📝 Sanofi India Q4: Net profit down 20% to ₹190.4 cr, revenue up 4%.