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1. Raghuram Rajan's extension as RBI governor to be decided toward end of his tenure: Report Amid continuing speculation on whether RBI Governor Raghuram Rajan will get an extension or not, a top Finance Ministry official today said there has been no discussion so far in this regard and his fate will be decided closer to the end of his current tenure in September. Read: <br><a href=https://www.financialexpress.com/article/industry/banking-finance/raghuram-rajans-extension-as-rbi-governor-to-be-decided-toward-end-of-his-tenure-report/271491/">Read full story</a></br>
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2. Tata Steel UK completes sale of long products business to Greybull Tata Steel today said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital LLP. <br><a href=https://www.financialexpress.com/article/industry/companies/tata-steel-uk-completes-sale-of-long-products-biz-to-greybull/270745/">Read full story</a></br>
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5. 7th Pay Commission: “Govt salaries are distinctively higher than private sector salaries after 7th Pay Panel so there should not be any protests,” Arun Jaitley. (PTI)
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4. Cabinet approves India Post payments bank proposal The Union Cabinet on Wednesday approved a proposal by the department of posts’ for foray into the banking sector by launching the India Post Payments Bank, a development that would help the central government in its initiative of 100% financial inclusion. <br><a href=https://www.financialexpress.com/article/industry/banking-finance/cabinet-approves-india-post-payments-bank-proposal/271640/">Read full story</a></br>
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5. RIL arm invests $16 million in US-based startup Reliance Industries has invested $16 million (about Rs 107 crore) in US-based tech startup NetraDyne. The company’s wholly-owned subsidiary, “Reliance Industrial Investments and Holdings is investing $16 million in Compulsorily Convertible Preferred Shares of a technology startup, NetraDyne Inc, USA,” it said in a stock exchange filing. <br><a href=https://www.financialexpress.com/article/industry/companies/ril-arm-invests-16-million-in-us-based-startup/271524/">Read full story</a></br>
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The South Korean auto giant presently has two plants located at Sriperumbudur near Chennai in Tamil Nadu. (Reuters)
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7. Tata Motors sales marginally up at 40,071 units in May Tata Motors today reported a 1 per cent growth in sales at 40,071 units in May compared with 39,496 in the same month last year.Domestic sales of Tata Motors' commercial and passenger vehicles rose 2 per cent at 35,643 units during the month as against the same period of previous year. <br><a href=https://www.financialexpress.com/article/industry/companies/tata-motors-sales-marginally-up-at-40071-units-in-may/271747/">Read full story</a></br>
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8. Meru Cabs Now Available on Facebook Messenger. Here's How To Book Meru Cabs, India most preferred cab service, today announced the integration of their cab booking system with Facebook Messenger to provide automated cab booking facility. <br><a href=https://www.financialexpress.com/article/companies/meru-cabs-now-available-on-facebook-messenger-heres-how-to-book/271417/">Read full story</a></br>
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9. BSE Sensex back at 30,000-mount? Morgan Stanley says so: Stating that the Indian equities will outperform their global peers for the next 18 months, American brokerage Morgan Stanley said it expects the BSE Sensex to regain its life time high of 30,000-mark in a best case scenario by next March. The brokerage has a 'bull case' target of 30,000 points for the benchmark Sensex and a 'base case' target of 27,500 by March next, Morgan Stanley India Equity Research Head Ridham Desai told reporters here. (Reuters)
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10. Now, Baba Ramdev's Patanjali under food watchdog scanner over controversial 'ad': Baba Ramdev's Patanjali Ayurved is under FSSAI scanner with the food regulator asking its central licensing authority to issue a show cause notice over complaints about misleading advertisement of mustard oil product. This comes after edible oil industry body Solvent Extractors Association (SEA) filed complaints with FSSAI and advertising industry watchdog ASCI against Patanjali Ayurved for alleged misleading advertisements for mustard oil and sought action against the yoga guru Baba Ramdev-promoted firm. ASCI rapped Patanjali Ayurved for "false and misleading" claims in its various advertisements. "The advertisement's claims 'Other than Kacchi Ghani process most of the other edible refined oils and mustard oil are made using neurotoxin Hexagon solvent extraction process. To make profits at the cost of consumers' health many companies mix cheap palm oil in mustard oil", were not substantiated and the claims were misleading," ACSI said.(Image Source: Reuters)
Will alcohol get costlier after new GST rates? Govt clarifies
