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DHFL defaults again on commercial papers repayment Saikat Das, Economic Times
Dewan Housing Finance Tuesday managed to meet 40% of its Rs 375-crore repayment commitment toward commercial papers, highlighting the cash-flow stress at the embattled mortgage lender that is selling assets to repay debt.
Nifty above 11,800, Sensex up 100 points; Emami gains 4% Money Control
TVS Motor Company shares fell nearly a percent intraday after global brokerage house Citi maintains sell rating on the stock. The research firm also reduced price target to Rs 430 from Rs 455 earlier, implying nearly 2 percent potential downside from current levels.
Government warns foreign e-commerce firms like Amazon, Flipkart over discounts: sources Hindu
Government has told foreign e-commerce firms such as Amazon and Walmart's Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters.
Jio added most subscribers in April, Airtel and Vodafone Idea lost users NDTV
Continuing its growth trend, Reliance Jio added around 80.82 lakh subscribers in April, showed data released by the Telecom Regulatory Authority of India (TRAI) on Monday. Jio's subscriber base stood at around 31.48 crores at the end of April, it said. State-run BSNL was the only other gainer with over 2.28 lakh new subscribers taking its total tally to around 11.59 crore.
Markets likely to be cautious ahead of G-20 summit Nasrin Sultana, Mint
Indian stock markets are likely to be cautious on Tuesday while global peers are weak ahead of the crucial G-20 summit later this week. Investors across the globe are awaiting the highly-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping at the upcoming G-20 summit in Japan. 
Oil Prices soar as tensions between US and Iran escalate News18
Oil prices climbed on Monday as tensions remain high between Iran and the United States, with US Secretary of State Mike Pompeo saying "significant" sanctions on Tehran would be announced. Brent futures were up 25 cents, or 0.4%, at $65.45 a barrel by 0325 GMT. Texas Intermediate crude was up 37 cents, or 0.6%, at $57.80 a barrel.
DTH Subscribers are saving money with TRAI’s new rules, says I&B Ministry Prabhakar Thakur, NDTV
DTH subscribers in India are said to be saving between 10 to 15 percent of their money on subscription costs in metro cities, thanks to the new TRAI framework. Figures provided by the Ministry of Information and Broadcasting in the Monsoon session of the newly elected Lok Sabha claim that TV viewers across the country have benefited from the new regulatory framework that was first notified by Telecom Regulatory Authority of India (TRAI) in March 2017.
GST council extends tenure of anti-profiteering body Economic Times
India has extended the anti-profiteering framework under the goods and services tax (GST) by another two years while also making the rules more stringent to ensure companies pass on the benefit of lower taxes to consumers.
Banks finally accept India’s oldest private-sector airline Jet Airways is dead Financial Express
Two months after India’s oldest private-sector airline grounded its last plane, and with even a water-bottling firm threatening to drag the carrier into bankruptcy, a consortium of lenders led by State Bank of India can finally stop pretending that a white knight is coming.
NCLT okays common resolution plan for 3 Reliance Group firms Financial Express
The NCLT on Friday approved the appointment of a common resolution professional as part of the corporate insolvency resolution proceedings against Reliance Communications, Reliance Infratel and Reliance Telecom.
Gold prices jump to more than 5-year high Mint
Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates. Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,380.18 in Singapore.
Jet Airways shares nosedive 41% in a day as grounded airline lands in bankruptcy court Nasrin Sultana, Mint
Shares of Jet Airways (India) Ltd crashed nearly 53% during the day before closing 41% lower at ?40.45 apiece on Tuesday a day after lenders decided to initiate bankruptcy proceedings against the debt-laden airline. 
Few mutual funds can do investor bailout like HDFC AMC: Dhirendra Kumar Economic Times
No, not really and it is not unprecedented either. There has been similar instances in the past where an AMC had to take it on its books. Yes this is significant because this is likely to be a contingent slap of nearly Rs 500 crore but it is not.
ED may summon Naresh Goyal in Jet Airways privilege case Rashmi Rajput, Economic Times
The Enforcement Directorate (ED) is likely to summon Jet Airways founder Naresh Goyal for questioning over alleged wrongdoing related to stake sales in the unit that ran the grounded carrier’s loyalty programme, said people with knowledge of the matter.
Investors continue to dump Jet Airways shares; further tank 15% Business Standard
Jet Airways stock tumbled nearly 15 per cent Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. The scrip fell for the 12th consecutive day and plunged 14.93 per cent to a multi-year low of Rs 58.10 on the BSE.
Rupee slips 9 paise to 69.89 against US Dollar in early trade Hindu
The Rupee depreciated by 9 paise to 69.89 against the U.S. Dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices. The Rupee opened weak at 69.87 at the interbank Forex market and then fell further to 69.89, down 9 paise over its last close.
RBI committed to make NBFC sector financially resilient & robust: Governor Economic Times
While India emerged relatively unscathed from the global financial crisis, there should be no room for complacency, Reserve Bank of India Governor Shaktikanta Das said on Monday. As a member of the several multilateral institutions, India actively participated in the post-crisis reforms of the international regulatory and supervisory framework under the aegis of the G20 and the Basel Committee, Das said in a speech posted on RBI’s website.
IndiGo to buy jet engines worth $20 billion from CFM Rhik Kundu, Mint
Indigo, India’s largest domestic airline by market share, on Monday said it is ordering jet engines worth $20 billion from CFM International, a joint venture of General Electric Co. and France’s Safran SA, to power 280 Airbus A320neo and A321neo aircraft operated by it.
Essel Infra to sell solar assets to Adani Group for up to ₹2,000 crore Tanya Thomas, Mint
Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ?1,800-2,000 crore, said two people aware the development.
Govt says penalise Airtel, Vodafone Idea in Reliance Jio issue; asks TRAI to suggest penalty amount Financial Express
Digital Communications Commission, the apex decision-making body of the telecom department, Monday approved imposing penalty on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio. However, before imposing the penalty, the Commission has decided to seek Trai’s views on revising Rs 3,050 crore penalty recommended by the sector regulator amid financial stress in the sector.
FPIs remain net buyers in June, invest Rs 11,132 cr Pioneer
Foreign investors remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data. Foreign portfolio investors (FPI) pumped in a net sum of Rs 1,517.12 crore into equities and Rs 9,615.64 crore into debt during June 3-14, the data showed.
PSU disinvestment: Govt to sell stake in 3 insurers to New India Assurance Banikinkar Pattanayak, Financial Express
Scouting for resources to make up for any potential shortfall in tax revenues, the government is exploring the feasibility of selling its stake in three general insurers —National, Oriental and United — after their proposed merger with New India Assurance.
SEBI bans NDTV’s Roys from market for 2 years, says step down Indian Express
The Securities and Exchange Board of India (SBI) Friday banned New Delhi Television Ltd (NDTV) Ltd Chairman Prannoy Roy and Managing Director Radhika Roy from the securities market for two years and restrained them from holding any key managerial personnel or directorship in the company for two years.
No plan to bail out Jet Airways, real estate companies: Minister Hindu
India can’t be a nanny state offering bailouts to airlines and real estate companies, said Union Minister Hardeep Singh Puri, who is in charge of Civil Aviation as well as the Housing and Urban Affairs Ministries.
India finally retaliates in tariffs tit-for-tat with  US Asit Ranjan Mishra, Mint
In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. Washington had withdrawn duty-free benefits for Indian exports under its Generalized System of Preferences (GSP) effective 5 June.
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