News Bulletin: 20/6/22

▫️Centre’s advance direct tax collection in Q1FY23 jumped by 33% to Rs 1.01 trillion.

▫️RBI estimates digital payment transaction to triple by 2025.

▫️ Transport minister claimed that EV prices will soon be equivalent to petrol vehicles.

▫️ Finance Minister to review large NPAs and asset quality of PSB on June 20.

▫️Tata Motors EV arm to take possession of Ford’s plant in Gujarat.

▫️L&T Infotech is mulling option to open offices in multiple cities.

▫️ Vijay Shekhar Sharma, bought 170,000 shares of his company (PayTM).

▫️Kesoram Industries targets capex of Rs 350-500 crores in 3-5 years.

▫️TVS owned Norton plans UK built EV 2W.

▫️Coal India is looking at fresh and new techniques for coal underground mining.

▫️Non Life Insurers premium grew 24% year on year in May.

▫️L&T and Komatsu are looking for steady biodiesel supply for construction and mining activities.

▫️7.5 million active mobile subscribers became inactive in May due to rise in mobile tariffs.

▫️Crude Oil fell 6% after Fed’s hawkish stance to curb inflation.

▫️AC sales grew 30% year on year between Jan-Apr.

▫️The country crude oil output was up 4.6% year on year in May.

▫️Deltatech Gaming files for Rs 550 crore IPO.

▫️ Made in India smartphones shipment up 7% year on year in Q1.

▫️ Britain may face recession in 2 years: JP Morgan

▫️Bank credit grew 13.1% year on year for fortnight ended June 3.

▫️ HDFC Life to raise Rs 350 crore via bonds.

▫️ India’s import of Russian coal has jumped 6 times in last 1 month.

▫️150 Unacademy employees laid off.

▫️5G rollout to begin in Aug-Sep.

▫️ Moody’s upgrade baseline credit assessment for ICICI and Axis Bank.

▫️25% of Nifty 500 stocks are trading at 52 week low.

▫️Not easy for airlines in India to become profitable: IATA

▫️Ahead of 5G auction govt. will convert its debt into Vodafone to equity and hold 32% stake in the Company.

▫️ Omega Seiki to open e-3W plant in Pune.

▫️ Spicejet makes emergency landing after the plane caught fire immediately after take off.

▫️Wipro merged two of its business units.

▫️ Coal India to foray into aluminium production and solar power generation.

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