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News I read on 16th June

1) Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence.
Ref: Moneycontrol 

2) India’s Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak.
Ref: Livemint 

3) After 60% fall in April, exports shrink another 36% in May even as the lockdown eased and ports cleared cargo. Exports have now fallen for the third straight month.
Ref:Reuters

4) More than six crores micro, small and medium-sized companies will be listed under the revised criteria, Rs 10 investment crore and Rs 50 turnover crore – SMALL; Rs 50 expenditure crore and turnover crore Rs 250 –Medium; Rs 1 crore of investment and Rs 5 turnover crore –MICRO. 
Ref: Yahoo Finance

5) The Reserve Bank of India's interventions in the foreign exchange market have helped reserves climb to a record $501.7 billion in early June, but economists say the pace of increase is likely to taper in the second half of this fiscal year.
Ref: Yahoo Finance

6) New offers of infrastructure investment trusts (InvITs) this year may take a hit because of low valuations, weak market appetite, and liquidity issues, according to industry executives and experts.
Business Standard

7) Dividend payout by information technology (IT) services firms in the ongoing financial year is likely to witness a dip as compared to previous years, as companies are aggressively looking at conserving cash to tide over Covid-induced slowdown.
Ref: Business Standard

8) On Monday, Indian Gas Exchange (IGX), the country's first natural gas exchange, was launched. It will offer the option of both just buying the product as well as purchase along with delivery.

9) Asian stocks were set to follow a late Wall Street surge on Tuesday, after the Federal Reserve’s fresh move to support financial markets through the coronavirus pandemic cheered investors.
Ref: Moneycontrol

10) On Monday, NIFTY closed 159.20 Points lower at 9,813.70.
VIX rose by 5.68% and closed at 32.57, the usual safe range for VIX is 12 to 20.
SGX Nifty trading 173.75 points higher at 7:45 am, Indian Time.

By Kundan Kishore.
Please comment important news you read today. Also, in case, if you find any news difficult to understand or comprehend - please comment and ask questions over the news blog.
I will try to answer and others will also help you comprehend the news.