News

Today's Headlines from :

*Economic Times*

📝 Rs 2,000 notes to be withdrawn from circulation, exchange window open till September 30

📝 JSW Steel gets board approval to raise up to ₹18,000 crore

📝 Brookfield India REIT, GIC form partnership to acquire 2 assets in India

📝 Bandhan Bank Q4 Results: Net profit plunges 58% YoY to Rs 808 crore

📝 NTPC Q4 Results: Profit falls 6% YoY to Rs 4,871 crore, revenue up 19%

📝 Power Grid Q4 Results: Cons PAT rises 4% YoY to Rs 4,320 cr, Rs 4.75/share dividend declared

📝 RBI board approves transfer of Rs 87,416 crore as dividend to govt for FY23

📝 India's forex reserves soar to $599.53 bln

*Business Standard*

📝  Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt

📝  PNB Q4 net profit jumps fivefold to Rs 1,159 crore as interest income rises

📝  M3M eyes Rs 600 cr sales from phase-1 of City of Dreams project at Panipat

📝  Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr

📝  JSW Steel Q4 profit rises 13% to Rs 3,664 cr on higher sales volume

📝  Siemens to acquire Mass-Tech Controls' EV division for Rs 38 crore

📝  CBDT widens valuation norms for angel tax to bring clarity, end disputes

📝  Retail inflation for farm, rural workers eases marginally in April

📝  Bank credit grows at a steady 15.5% YoY in early May, shows RBI data

📝  Domestic air passenger traffic increased in India by 22.2% in April

📝  Trident Group acquires Shipra Mall in Ghaziabad for Rs 551 cr via auction

📝  Siemens board agrees to sell low voltage motors, gears biz for Rs 2,200 cr

*Financial Express*

📝 Govt not to sell ITC stake in FY24

📝 Abbott’s India arm posts 9.5% rise in fourth-quarter profit

📝 Gail to borrow up to Rs 7,000 cr domestically to fund Rs 10,000 cr capex plan in FY24

📝 Suzlon bags 69 MW wind energy order

📝 E-con Systems secure Rs 100 crores in funding for Global Expansion

📝 Alkem Laboratories Q4FY23 Results: Profit tumbles 34% to Rs 71 crore, revenue up 16.9% on-year

📝 Fed poised for big upgrade to outlook despite swirling risks

📝 Rupee falls 5 paise to close at 82.67 against US dollar

*Mint*

📝 US imposes sanctions on over 300 targets in fresh Russia action

📝 Zetwerk raises $100mn from Avenir

📝 Jerome Powell signals a June pause, says Fed can afford to watch data

📝 Glenmark Pharma reports net loss of ₹428 crore in Q4 on weak domestic sales

📝 Chemicals & Petrochemicals demand in India expected to reach $1 trillion by 2040

📝 Railways launches 6369 special trips to ensure smooth summer travel experience

📝 Delhivery loss narrows sequentially to ₹158.6 crore in Q4 FY23

📝 Cochin Shipyard Q4FY23: Net profit down 86% at ₹39 crore; declares dividend

📝 Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth

📝 India sets target of 140 million tonne coking coal production by FY30.