News

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Very Good Morning 🤝🪴

Today's Headlines from :

*Economic Times*

📝 Power ministry asks CERC to start process for market coupling

📝 Goldman Sachs in talks to Invest Rs 1,600 crore in La Renon healthcare

📝 Canada Pension Fund to sell 1.6% stake in Kotak Mahindra Bank: Report

📝 HDFC plans 10-year bond issue to raise Rs 10,000 cr

📝 50% of Rs 2,000 notes in circulation have come back to banks, reveals RBI

📝 India, France, UAE begin joint maritime exercise

📝 US weekly jobless claims jump to 1-1/2-year high

📝 MG Motor bags order for 500 ZS EV units from BluSmart

📝 Vedanta Resources generates USD 4.6 bn EBIDTA; USD 2.8 bn free cash flow in FY23

📝 AI startup Cohere raises $270 million in Nvidia-backed funding round

*Business Standard*

📝  Monetary policy: RBI maintains status quo, turns hawkish on inflation

📝  Govt wants petrol & diesel prices slashed; OMCs cite Covid losses

📝  Vistara to add 10 planes, 1,000 people this FY; shelves plan to fly to US

📝  FAME-II subsidy block: SMEV reaches out to govt for Rs 3K-crore rehab fund

📝  India Inc's profit-to-GDP ratio dips slightly in FY23; financial pie up

📝  India's fuel consumption rises 9% in May to 20 million tonne, shows data

📝  Monsoon arrives in Kerala; conditions favorable for rains' advance: IMD

*Financial Express*

📝 Waterfield Advisors targets raising $250 mn for second fund of funds

📝 DoT panel against telcos’ demand for extension of mandatory equipment testing deadline

📝 India’s GCC market to hit $110 bn by 2030, says EY report

📝 IT firms lure staff back to office with freebies

📝 Electronic components scheme outlay likely to rise to Rs 10K cr

📝 Tata Power Renewable Energy arm bags contract to set up 966 MW renewable project for Tata Steel

📝 Torrent Power raises Rs 600 crore via non-convertible debentures

📝 India in talks with U.S. on steel, aluminum tariff exemption

📝Purchase price for kharif crops up 6-10.4%

📝 Sebi to digitise processing of investor service requests, complaints by RTAs

📝 Rupee falls 5 paise to close at 82.57 against US dollar

📝Valiant Laboratories files draft papers with Sebi to mop-up funds via IPO

*Mint*

📝 PharmEasy appoints Avendus to help raise $100 mn capital 

📝 Bain Capital acquires specialty chemicals maker Porus Labs

📝 IBBI seeks changes to empower investors

📝 Petro product exports decline 23% in April amid western turmoil

📝 PNB mulls to raise funds via Employee Stock Purchase Scheme

📝 Biden and UK's Sunak pledge AI, minerals, Ukraine partnership

📝 Railways freight loading increases 2% YoY in May led by coal

📝 Govt issues allocation orders to successful bidders of 22 coal blocks.