News, I read on 25th May

1.India plans scrutiny of new portfolio investors from China, Hong Kong
https://www.reuters.com/article/us-india-china-investments/india-plans-scrutiny-of-new-portfolio-investors-from-china-hong-kong-sources-idUSKBN22Y0OM

2.In anticipation of weak fourth-quarter GDP figure, to be announced on Friday Indian markets face a rougher road, due to low expectations.
https://www.livemint.com/market/mark-to-market/markets-are-heading-into-choppier-weather-as-financials-begin-to-bite-11590322914799.html


3.Amid attractive valuations of stocks, FPIs reverse their selling trend of March and April, have infused over Rs 9,000 crore into the Indian equity Markets in May
https://www.business-standard.com/article/markets/fpis-invest-rs-9k-cr-in-may-so-far-on-attractive-valuations-hul-block-deal-120052400253_1.html

4.In a bid to promote domestic business, the Delhi government has asked all its departments to desist from issuing global tenders of contract value up to Rs 200 crore
https://www.moneycontrol.com/news/india/aatma-nirbhar-bharat-delhi-govt-to-disallow-global-tenders-up-to-rs-200-crore-5309521.html


5.ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
https://in.finance.yahoo.com/news/itc-acquire-spices-maker-sunrise-171631141.html


6.As the ongoing lockdown has severely impacted infrastructure activities across the country, liquidity starved engineering and construction industry is seeking immediate release of long pending dues from the central and state government agencies.
https://in.finance.yahoo.com/news/construction-industry-seeks-immediate-release-140133527.html


7.Almost 100% dip in Gold Imports for the fifth consecutive month in April
https://www.moneycontrol.com/news/business/commodities/gold-imports-dip-for-fifth-consecutive-month-in-april-fall-by-almost-100-5309461.html


8.India's crude steel output declined over 65 per cent to 3.13 million tonnes (MT) during April, according to the World Steel Association.
https://in.finance.yahoo.com/news/indias-crude-steel-output-declines-104719945.html


9.RBI has cut the repo rate by 250 basis points to 4% from the last February.
https://www.livemint.com/news/india/deposits-key-to-banks-marginal-lending-rate-cuts-11590337517438.html


10.On Friday, Nifty closed 67 points lower at 9039.25 and market will re-open on Tuesday.
VIX came 1.85% lower and closed at 32.38, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 12.5 points higher at 8:15 am, Indian Time

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.

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