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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.
Adani wins final approval for long delayed Australian coal mine Money Control
Adani Enterprises on June 13 received the go-ahead to start construction of a controversial coal mine in outback Australia, after a state government approved a final permit on ground water management.
NSE to remove Jet Airways from daily trading from 28 June Ashwin Ramarathinam, Mint
The National Stock Exchange of India (NSE) said on Wednesday that shares of Jet Airways (India) Ltd will be removed from daily trading of futures and options effective 28 June, citing the embattled carrier’s failure to respond to queries about persisting rumours in the market.
India's retail inflation inches up to 3.05% in May Kamalika Ghosh, Money Control
India’s retail inflation for May inched up to 3.05 percent from 2.92 percent in April, driven by an increase in vegetable prices. The latest price data released by the Central Statistics Office showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within the Reserve Bank of India's target level of 4 percent.
Fund transfers via RTGS, NEFT to cost less from July 1 Pioneer
The Reserve Bank of India Tuesday said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass on the benefits to customers from the same day.
Sensex falls 200 pts, Nifty near 11,900; Indiabulls Housing dips 6% Money Control
All sectoral indices traded in the red barring Metal that gained 1 percent. Nifty Bank, Auto, Financial Service and IT indices shed more than 0.7 percent.
Equity MF inflows improve slightly in May, SIP flows remain stable Neha Dave, Money Control
Assets under management (AUM) of the mutual fund industry stood at Rs 25.43 lakh crore at May-end, up 5 percent month-on-month (MoM), data from Association of Mutual Funds in India (AMFI) showed. Equity SIPs stood steady, just short of their all-time high.
IL&FS scam: Government moves NCLT to seek 5-year ban on Deloitte, KPMG affiliate BSR Sachin Dave & Maulik Vyas, Economic Times
The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR & Co for their alleged role in helping hide bad loans at the bankrupt IL&FS Financial Services.
Bharti Airtel to pay Tanzania $26 million, cancel debt at unit to settle dispute Mint
India's Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday.
J&K Bank shares fall around 20 per cent after the removal of its Chairman on Saturday Financial Express
The shares of Jammu & Kashmir Bank fell nearly 20 per cent to a month-low of Rs 47.60 on the BSE.  On NSE also, the shares of J&K Bank plummeted about 20 per cent to a lower circuit of Rs 47.55. The bank’s shares had opened at Rs 49.10 on NSE.
India's infra push: Advisor for asset monetisation, lucrative plans for pvt players, says Gadkari Pioneer
To further give a push to the country's infrastructure, big plans are lined up that include roping in an advisor for asset monetisation and offering attractive schemes to private players, including identified 3,000 kms of projects, Union Minister Nitin Gadkari said.
Promoting MSMEs in developing countries will help create jobs, income: Goyal Pioneer
India Sunday pitched for promoting micro, small and medium enterprises (MSMEs) in developing countries as they are important for employment and income generation. This was emphasised by Commerce and Industry Minister Piyush Goyal at a session on ''Promotion of Trade and Investment that contribute to Sustainable and Inclusive Growth' at G20 Summit in Japan.
RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits Pioneer
The Reserve Bank of India Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers.
RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan EMIs Pioneer
In a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support an economy growing at the slowest pace since the BJP first came to power in 2014.
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