{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  India Inc's balance sheet improving: RBI's Financial Stability Report
Ø  India will soon get Diamond Quadrilateral: Mos
Ø  India gets top rating for prudent financial mkt norms
Ø  India's growth may dip by 60 bps on Brexit, predicts Morgan Stanley
Ø  RBI to remain open to facilitate transactions on July 1
Ø  VW settles emissions cheating cases for over $15 bn
Ø  Europe asks UK for swift exit to limit global fallout

Business Standard

Ø  Stressed firms coming back on track: RBI
Ø  Indian banks' bad loans may rise to 8.5% by March 2017: RBI
Ø  Better monsoon to reduce price pressure in pulses: study
Ø  Consolidation of banks in India risky, warns rating agency Moody's
Ø  Reliance Group debt reduction plan hinges on assets sale
Ø  30 of 50 banks may not be able to meet capital adequacy norms: RBI
Ø  Tepid growth in Q1 corporation tax collections

Business Line

Ø  China threatens WTO case over US steel duties
Ø  Europe presses for quick Brexit to limit global fallout
Ø  Govt plans to take up strategic sale of at least one PSU this fiscal
Ø  Cabinet may consider Mineral Policy on Wednesday
Ø  Tata Comm to sell South African arm Neotel for Rs 2,904 cr
Ø  Brexit fallout: 'Rupee depreciation will help India's exports'

Mint

Ø  Majority in RBI advisory panel supported no rate cut in June policy review
Ø  RBI report says NBFCs improving on performance metrics
Ø  JSW Steel seeks shareholder nod to raise up to $2 bn in foreign currency bonds
Ø  Religare Finvest acquires ABG Shipyard's pledged shares to take 24.49% stake

Financial Express

Ø   Sensex ends 121 points up on firm global cues, Nifty settles above 8,120
Ø  Over $8 bn funding in mobile-based startups in 5 years: Report
Ø  US first-qrter GDP revised higher, but consumer spending weak
Ø  India's garment exports may hit $20 billion in FY17
Ø  India has shown sustained commitment to non-proliferation: US

Financial Chronicle

Ø  India ranks low at 105th on human capital index
Ø  EPFO set to hike proportion of ETF investments
Ø  Govt enhances financial powers of ministers, depts
Ø  7th pay panel: cabinet may clear increase today
Ø  PC shipments in India decline by 7.4% in Q1, 2016
Ø  Southwest monsoon to pick up in July, August 

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