News headlines

Very Good Morning & Happy Weekend 🪴

Today's Headlines from :

*Economic Times*

📝 L&T Finance gets 10 expressions of interest for distressed developer loans

📝 LIC raises stake in SAIL to 8.6%

📝 Ola Electric to kick off investor meet on IPO plans: Report

📝 Logistics company Western Carriers files draft papers with Sebi for IPO

📝 Rupee rises 4 paise to close at 82.47 against US dollar

📝 SBI board approves raising Rs 50,000 crore through debt instruments

📝 India's forex reserves up $5.9 billion to $595.1 billion as on June 2

📝 RBI notifies 4 key measures to help strengthen 1,514 Urban Co-operative Banks

📝 Life insurers witness four per cent decline in new business premium to Rs 23,477.8 crore in May

📝 NPPA fixes retail prices of 23 drug formulations

📝 Startups raised just $86 million this week

*Business Standard*

📝  Equity mutual fund outflows hit 20-month high in May on profit booking

📝  Swedish furnishing major IKEA to bring in funding arm, expand retail biz

📝  Go First lenders discuss revival plan; appoints new resolution professional

📝  VLCC Health Care to acquire D2C men's grooming brand Ustraa for Rs 61 crore

📝  FEMA authority slaps show-cause notices on Xiaomi, 3 foreign banks

📝 Capital expenditure by 54 large CPSEs, key depts rose 93% in April-May

📝  Food regulator FSSAI proposes new category for 'low alcohol' beverages

📝  TVS Credit Services raises Rs 480 crore capital from Premji Invest

📝  Go Digit Life Insurance receives IRDAI's approval to start business

📝  EV financing platform Revfin raises $5 million in investment from DFC

📝  Govt launches online portal to monitor dredging projects real-time

*Financial Express*

📝 DMart Ready steps up discount play as competition grows, cuts prices by 20-30 per cent in June

📝 FLDG to deepen partnerships between lenders and fintechs

📝 Khadi and Village industries register a 332 per cent growth in sales revenue over nine years

📝 Aether Industries signs licensing agreement with Saudi Aramco Technologies

📝 IRB Infra May toll collection jumps 20 per cent on continued momentum

📝Kharif crops sowing starts; Paddy, pulses marginally down

📝 India, UK finish 10th round of free trade agreement talks

📝 India’s 10-year yield posts biggest weekly jump in 4 months on hawkish RBI tone

*Mint*

📝 Pentagon commits' $2.1 billion to Ukraine to bolster its counter-offensive

📝 NMDC Nagarnar unit opens soon, govt to call bids

📝 OpenAI’s chief Sam Altman meets PM Modi, discusses startup ecosystem

📝 Govt likely to release fewer GDP estimates from 2024 to avoid markets confusion

📝 20% TCS on foreign remittances under LRS to roll out from July 1

FIIs invest ₹971 cr this week in Indian stocks; DIIs pump in ₹1,940 cr

📝 Allcargo Logistics closes acquisition of 30% stake from KWE in Gati subsidiary.