Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø El Nino’s return may increase food prices in Asia
Ø Vedanta to merge Cairn with itself to help ease debt
Ø ‘Strong action against tax evaders acts as deterrent’
Ø Coal Ministry invites bids for third round of auction
Ø Sebi clears 3 IPOs; total approvals reach 17 this year
Ø Weak monsoon to be credit negative for India: Moody’s
Ø Shell to open largest offshore delivery centre in B’luru
Ø IATA hikes 2015 global airline profit forecast to $29bn
Ø RBI allows banks to take over stressed firms
Ø Hero MotoCorp ties up with PNB to push rural sales
Ø Only bare minimum work at Tata Steel Europe from June 16
Ø NITI Aayog, China’s DRC to jointly develop macro-economic models
Ø HDFC to raise Rs 5,000 cr via NCD, warrants
Ø Sterlite Grid commissions first 765 kV transmission project in pvt sector
Business Line – Mint
Ø Home Ministry denies clearance to Sun TV channels
Ø Regulatory vacuum blamed for spate of Ponzi schemes
Ø Vivimed Lab issues convertible warrants to Mauritius firm
Ø Global regulator body moots 8 steps to reduce reliance on ratings
Ø Banks’ bad loans may increase to 5.9% in 2015-16: ICRA
Ø Focus on getting Ranbaxy’s plants USFDA nod one at a time: Sun Pharma
Ø Not just Nestle: FSSAI puts more brands under scrutiny
Ø Corporate dividend payout ratio at highest in at least 11 years
Ø Piramal renames ovulation test kit after court order
Ø SBI, other banks struggle to recover dues from small firms
Ø Adani stocks episode should prompt a rethink of rules
Ø Diageo shares surge on report of possible takeover by Lemann
Financial Express – Financial Chronicle
Ø Greece talks of compromise as Angela Merkel warns time short for deal
Ø Sensex falls to nearly 8 months low; ends 245 pts down
Ø Agri-reforms amid drought warnings mega challenge for Centre
Ø Maggi noodles imported into Canada comes under scanner
Ø Bhel gets ‘reduce’ rating on feeble revenue, margin growth trend
