Today’s news headlines of Business Standard, Money Control, and Financial express newspapers.
•NIIT Technologies: Company’s Rs 337.46 crore buyback issue will open on May 29.
•Reliance Industries: May 29 will be the final trading day for RIL Rights Entitlement.
•Cadila Healthcare: Formulations manufacturing unit at Baddi received an Establishment Inspection Report from USFDA.
•CEAT Q4: Profit at Rs 51.88 cr versus Rs 64.25 cr, revenue at Rs 1,573.4 cr versus Rs 1,760.5 cr YoY.
•Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report
•Google is in talks to buy 5% stake in Vodafone Idea Ltd, a company owned by Vodafone PLC of UK and Aditya Birla group.
•Foreign direct equity investments rose by 14% in 2019-20 to a record$ 49.8 billion, according to data released by the Department for Promotion of Industry and Internal Trade.
•Indian banks are expected to shore up their capital buffers by raising $20 billion as domestic banks prepare for slippages from loans under a moratorium, asset quality concerns, rating downgrades and rising refinancing risks, Credit Suisse
•GDP growth likely be at 3.6 percent in Jan-Mar quarter: Care Ratings
•Need to look at building economy with local skills: Suresh Prabhu
•World Bank report found India had been making significant progress and was close to losing its status as the country with the poorest citizens. The impact of lockdown risks reversing those gains.
•Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch
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