Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø RBI set for 3rd interest rate cut of the year on stable inflation
Ø Govt contains fiscal deficit to 3.99% of GDP in FY15
Ø Govt mulls sale of unused land of pharma PSUs
Ø M&M sets up separate business unit for Africa focus
Ø India may invite foreign govt cos to build highways
Ø Currency derivatives volume jumps 67% in Apr-May to Rs 11.6 tn
Ø RIL overtakes ONGC to become India’s most profitable firm
Ø India Inc’s sales, profit growth weakest in 2 yrs
Ø Govt simplifies IT return forms, extends last day to Aug 31
Ø Adani Group considering to bid for Sindri urea plant
Ø Switzerland to publish list of dormant bank accounts
Ø RIL rejigs investment portfolio, sells blue chip stocks
Ø India hikes US govt securities holdings to nearly $107 bn
Ø FPIs pull out Rs 14K-cr in May, 1st net outflows in 2 years
Business Line – Mint
Ø Land Ordinance re-promulgated for 3rd time, Opposition to step up protests
Ø Service tax hike unlikely to affect retail investors’ interest in stock markets
Ø Tribunal stays SEBI’s directive on UB Holdings
Ø Govt plans to divest 5% more in Concor
Ø Rs. 27,000 cr lying unclaimed in EPF: Labour Minister
Ø AIBEA calls for nationwide bank strike on 24 June
Ø Switzerland to publish list of dormant bank accounts
Ø L&T reports 27% fall in Q4 net profit
Ø EIH Q4 net profit rises 31%; company plans expansion
Ø Power Grid Q4 net profit rises 20%
Ø Pipavav Defence posts stand-alone Q4 net loss of Rs236.04 crore
Financial Express – Financial Chronicle
Ø Tata Steel workers vote for strike in UK
Ø Co-operative societies: Deposits from public under Supreme Court lens
Ø Private sector banks overtake PSU peers for first time
Ø Suzlon’s loss widens to Rs 1,212 crore in Q4
Ø Hindustan Powerprojects commissions 8,000 crores 600 MW COD of Anuppur plant for Rs 8,000 cr
Ø UB Group to hike stake in MCFL; to buy shares from Zuari
Ø RBI policy to set the tone for market this week: Experts
Ø US, Europe reinsurers to pitch in nuclear pool
Ø Snapdeal to expand payment by credit, debit cards on delivery
Ø Essar Oil to ramp up coal gas production in Bengal
Ø India will do better on ease of doing biz this year:CII
