News

 “Stay Humble, but know your Worth”.

Happy Weekend ji 🤝🪴

Today's Headlines from :

*Economic Times*

📝 Akasa Air hikes pilots' salary by upto 40%

📝 Intel to sell Bengaluru office and lease it back

📝 HDFC Life gets Rs 942-crore GST demand notice

📝 India sees over 72% of withdrawn Rs 2,000 notes taken to banks: Report

📝 Exporters with credit limit of up to Rs 50 crore to get 90% insurance cover: ECGC

📝 India's forex reserves up $2.4 bn to $596.1 bn

📝 Kotak Credit Funds invest Rs 732 crore in RattanIndia Power

📝 Startups raise $103 million this week as funding drought persists

*Business Standard*

📝 Drone manufacturing firm ideaForge raises Rs 255 cr from anchor investors

📝 Irdai says prior nod not needed for ULIPs; extends 'use and file' procedure

📝 DRL enters trade generics, aims to be among top five players in market

📝 NPS adoption by central public sector enterprises declines slightly in Apr

📝 Late southwest monsoon pulls down urad, arhar, soybean, paddy sowing

📝 Rs 31,000-crore govt bond auction sees firm demand on short covering

📝After Google and Facebook, Twitter agrees to follow EU laws on fake news

📝 Outward remittances under LRS scheme fall slightly in April to $2.33 bn

📝 India, US sign MoU to establish collaboration in greener railways

📝 MSCI acknowledges India's transition to T+1 shorter settlement cycle

*Financial Express*

📝 Infosys ends ties with Australian lobbying firm Synergy 360

📝 PG Capital offloads 11.25% in Landmarks Cars for Rs 293 crore

📝 AdaniConneX raises $213 million from lenders

📝 Govt extends telecom equipment testing deadline again

📝 MSME registration crosses the 2 crore registration milestone on Udyam

📝 Moody’s affirms Yes Bank’s ratings, financial performance to remain stable over 12-18 months

📝 BEML bags order from Ministry of Defence for Rs 423.11 crore

📝 Global steel production falls 5 per cent in May; India’s output rises 4 per cent

📝 Ambani’s Jio in talks to raise about $1.6 billion for equipment

📝 Nirmala Sitharaman holds bilateral meetings on sidelines of Paris Summit

📝 Inflation slowing down personal consumption, affecting pvt investment: RBI paper

*Mint*

📝 Central-Bank Action Finally Cooling Global Economy, Data Indicate

📝 Zydus Life to acquire equity stake in Mylab Discovery for ₹106 crore

📝 India likely to offer digital infra to several countries

📝 Asian Paints acquires additional 11% stake in White Teak

📝 UPL to hive off specialty chemicals biz to arm

📝 Bharat Electronics receives orders worth ₹5,900 crore in FY24

📝 UPI to account for 90% of retail digital transactions in next 5 yrs: RBI

📝 Boeing to invest $100m in infrastructure, pilot training programs in India.