GOODWILL BUSINESS DIGEST

  • GST Collections in May stands at Rs 94,000 cr vs April Rs 1.03 Lakh cr
  • Relief for power sector as court halts RBI’s NPA order
  • Manufacturing PMI slips to 51.2 vs 51.6 in April
  • Sugar cess gets Law Ministry’s approval.
  • New launches drive automobile sales in  May
  • Anil Ambani gaming firm lists on LSE raises Rs 1700 cr
  • Four bidders in battle for Fortis. Ideas for Air India stake sale take wing.
  • Mallya steps down as Director of Force India: Mallya barred by Sebi for 3 years
  • BPCL seeks extra Iran oil for June to beat U S Sanctions
  • Court to centre: Extend Cairn’s Barmer contract under existing conditions.
  • ED attaches Rs 4700 cr assets of Sterling Biotech
  • CBI questions alleged lobbyist in Air Asia case
  • Idea-cellular will have name change after merger with Vodafone
  • Auto fuel prices down a tad; but cooking gas and ATF to cost more.
  • U S jobless rate dips to 3.8 % in May
  • GDP growth to improve further and is in uptrend: FICCI
  • GST refund for religious institutions providing free food –Rs 325 cr package
  • Walmart-Flipkart deal: Commerce Ministry asks RBI, ED to look into allegations of FDI violation
  • India to make a case with the US for speedy renewal of tariff preference scheme
  • India, Singapore formalise mutual agreement on nursing, education
  • Rupee zooms 35 Paise vs dollar-near one month high at 67.06
  • Warburg Pincus buys 26 % in IndiaFirst Life
  • As oil prices rise, foreigners dump India bonds at a record pace.
  • Losses made by PSBs have wiped out Govt’s $ 13-b capital infusion: Fitch
  • Private lenders surge ahead of PSBs weakened by asset-quality woes
  • Global cues: markets down on trade tremors, log weekly gains
  • Nine PSU banks under PCA submit recovery plan to Govt.
  • US allies hit back at steel, aluminium tariffs
  • ATF price raised by steep 7 %; LPG up Rs 2 per cylinder: Petrol 6P, diesel 5 P down
  • Truck rentals up 5.5 % on fuel hike: Gold adds more losses, below Rs 32000 mark
  • India makes strong pitch to export sugar to China
  • Milk output grows at 9 %: Aavin exports milk to foreign countries
  • Cotton prices rise in Gujarat on good export demand.
  • Banks raise MCLRs ahead of RBI’s Monetary policy review
  • Cochin SEZ exports rise record 705% in April 2018

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