Business News Headlines

*Business News Headlines*

*Economic Times*

Ø RBI may hit rate pause button again this week

Ø Consumer Goods orders swell as brands bet big on festive season 

Ø 69% of train accidents between  FY18 and FY21 due to derailment 

Ø E-way bill generation rises to 8.82 crore in May, points to robust GST  collection in June 

Ø EV start-ups set to power India’s next unicorn club  

Ø Opec+ reaches agreement to extend output cuts into 2024  

Ø Spot airfares up 3x in a month on India’s busiest routes 

*Business Standard*

Ø GST Council likely to approve tribunal blueprint this month   

Ø India may give UK access to PV market, with riders  

Ø Railways seeks CBI probe into Odisha train accident 

Ø USFDA checks of Indian sites still below pre-Covid levels

Ø Reliance Retail, 6 others submit EoIs for Future arm 

Ø Ola Electric likely to cross $1-bn revenue this yr: Ola exec 

Ø Foreign airlines have reaped benefits of growing Indian market, says Wilson  

*Financial Express*

 

Ø DoT plans more shops to Chip firms 

Ø Street sees modest growth of India Inc's topline in FY24

Ø Falling costs power Q4 earnings  

after two quarters of weakness  

Ø FPIs pump in ₹43,838 cr in May, highest in 9 months 

Ø Lemon Tree can ride high on expansion amid improved demand 

Ø Manufacturing PMI hits 31-mth  

high in May on strong demand 

Ø Walmart shareholding in PhonePe drops to 85% 

*Mint*

Ø Govt plans ₹15k cr push for batteries 

Ø RBI may continue pause on rate hike    

Ø Saudi Arabia slashes crude oil output by 1 mn bbl a day        

Ø India to join global scheme to  

improve quality of drugs  

Ø IFC plans $500 mn long-term  

financing for smart meter cos    

Ø India may bring back CVD on  

steel to check flood of imports 

Ø Indians pick UPI over debit cards for ease of use, zero fees 

*Business Line*

 

Ø Banks cut rates on FDs of up 

to 3 years on easing liquidity

Ø Corporate India set for some big hitting on investment front: CII  president   

Ø IEAsees slowdown in solar 

installations in India this year   

Ø Upbeat on India, FPIs pump in  ₹43,838 cr in May 

Ø Balco listing: Govt holds talks  with Vedanta to withdraw  arbitration 

Ø HUL starts price cuts in some  FMCG categories  

Ø Luxury carmakers mull price hike as input costs rise