News Bulletin: 6/4/2022

▫️ Parliament passed amendment bills to bring Indian auditing firms on par with Big 4 auditing companies.

▫️TRAI will submit its recommendation for 5G auctions by next week.

▫️TRAI may allow non – telecom companies to bid for 5G private network as well. This move is being strongly opposed by telecom companies.

▫️Tata Motors expect EV penetration to go over 25% by 2030.

▫️ Electronics major Dell is set to meet its production target under PLI Scheme.

▫️GST Council to go for stricter anti evasion steps.

▫️ Amazon appealed High Court to stop Future Retail from further transfer of assets to Reliance.

▫️Retail investors can now use UPI to place bids upto Rs 5 lakh for IPOs.

▫️Gas price hike to boost the profitability of Reliance and ONGC: Fitch Ratings

▫️India has commenced 40,000 tonne of rice exports to crisis hit Sri Lanka.

▫️India and EU to expedite trade deal talks and reach agreement soon.

▫️Tata Steel achieved its highest ever steel production in FY22 of 19 million tonne.

▫️TVS motor may join hands with Reliance-BP for EV charging infrastructure.

▫️ Phone Pe to more than double staff count by end of 2022.

▫️Funskool, part of MRF group acquired rights to manufacture Sequence game in India.

▫️US based EV major Triton Electric Vehicle will set up Rs 10,800 crore commercial plant in Gujarat.

▫️EU proposed Russian coal ban in new sanctions.

▫️HDFC merger may get delayed to regulatory hurdles posted by insurance operations.

▫️MF will seek time to trim their stake in merged HDFC group to comply with SEBI norms.

▫️Bank credit to grow 8.9-10.2% in FY23: ICRA

▫️NTPC tied up with Gujarat Gas to blend PNG and Green Hydrogen.

▫️Zoom to set up tech centre in Chennai.

▫️Steel companies expect robust demand to continue in FY23.

▫️ Cognizant has spent $1 billion in 2021 to fight attrition.

▫️Piramal Group and Yes Bank among 55 bidders for Reliance Capital.

▫️ Bluestar aims at 14% market share in air conditioning market by FY23.

▫️PE firm Carlyle Group exited SBI cards at average price of Rs 851/share.

▫️ Multinational firms to set up record number of Global Capabilities Centres in India in next few years.

▫️Jet Airways and Akasa Airline’s entry into India’s airspace in 2022, will intensify the aviation competition.

▫️ Petrol and Diesel prices have been hiked by 80paise each day on 14 out of last 16 days


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