News

 “Confidence is not they will like me. Confidence is, I will be fine even if they don’t”.

Happy Thursday Morning 🍀

Today's Headlines from :

*Economic Times*

📝 Civil aviation ministry comes out with draft aircraft bill

📝 Sebi mulls mandating additional disclosure for high-risk FPIs

📝 Agricultural products trade via e-NAM surges 41% in FY23

📝 Gautam Adani to raise $3.5 billion from share sale in three group companies

📝 Abrdn exits HDFC Life, sells entire stake for Rs 2,069 cr

📝 ICRA sees power demand growth at 5-5.5% in FY24 vs 9.6% FY23

📝 Cooling solutions startup Tan90 raises Rs 11.3 crore in funding

📝 Edtech startup Scaler acquires Delhi-based Pepcoding for undisclosed amount

📝 Canada launches new process to welcome skilled workers as permanent residents

📝 MeitY launches pilot for electronics repair services outsourcing industry

*Business Standard*

📝  India's GDP grows 6.1% in Q4, 7.2% in 2022-23; beats analysts' expectations

📝  No plan to let Chinese firms re-enter Indian telecom market: Govt

📝  Centre proposes to sell 3% stake in Coal India via OFS, eyes Rs 4,162 cr

📝  Patanjali promoters to dilute 6% share to meet minimum shareholding norms

📝  Himadri invests AUD 10.32 mn for stake in Australia battery tech firm

📝  Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding

📝  Vedanta Resources repays $1.4-bn bonds; brings down debt to $6.4 bn

📝  Fiscal deficit comes marginally lower than 6.4% of FY23 target: Govt data

📝  Union Cabinet approves CITIIS 2.0 with a focus on circular economy

📝  Record production of rabi crops push up agri growth to 3-year high in Q4

📝  ONDC to launch new incentive scheme on June 1, caps discounts at Rs 100

📝  Govt invites new applications for semiconductor manufacturing unit

📝  Xiaomi partners with Dixon Technologies to make mobile phones in India

*Financial Express*

📝 Banks deploy Rs 15.80 lakh crore credit to micro, small enterprises in April: RBI report

📝 Thermal power plants capacity utilisation projected to improve to 65.1 pc in FY24: Icra

📝 India’s exports to grow higher than world average: StanChart

📝 Key infra sector growth slows down to 6-month low of 3.5 per cent in April

📝 Carpediem Capital raises Rs 700 crore for Fund-II

📝 Sebi cancels registration of Karvy Stock Broking for misappropriating clients’ funds

📝 Rupee falls 7 paise to close at 82.74 against US dollar

📝 Mankind Pharma posts Q4FY23 profit at Rs 285.44 crore, revenue up 18.9%

*Mint*

📝 FIIs end May month with a bang, inflow of ₹27,856.5 crore in Indian stocks

📝 Aviation ministry proposes draft aircraft bill to simplify regulations

📝 Amazon Turns to AI to Weed Out Damaged Goods

📝 Toyota says will invest $2.1 billion more in battery factory in North Carolina

📝 Zepto elevates execs, plans to list in 2-3 yrs

📝 Shell buys 1.1 GW of solar projects in Spain from Isemaren

📝 LG Electronics ties up with Canada’s Tenstorrent to build chips.