News, I read on 28th May

1.Now IL&FS can sell its 50% holding from the Gujarat International Finance Tec-City Company (GIFTCL) as approved by the NCLT to Gujarat Government.
https://in.finance.yahoo.com/news/nclxt-approves-il-fs-stake-123609377.html 

2.ICRA expecting only ordinary participation in the auction of spectrum which will lead to an increase in the total debt of telecom industry.
https://in.finance.yahoo.com/news/moderate-participation-expected-spectrum-auctions-111803894.html 

3.Patanjali to raise 250 crore through Non-Convertible Debentures(NCDs) to boost its operational activities.
https://economictimes.indiatimes.com/markets/bonds/patanjali-to-raise-rs-250-crore-through-debentures/articleshow/76035406.cms 

4. Due to the extended lockdown, the consumer sector faces deacceleration up to 2-4% but the actual effect will be more.
https://economictimes.indiatimes.com/industry/cons-products/fmcg/consumer-sector-seen-degrowing-by-2-4-this-fiscal/articleshow/76038782.cms

5. Realty developers have raised the issue with RBI as they are still not getting the benefit of continuous rate cut from August 2019.
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/realtors-seek-rbis-intervention-on-high-cost-funding-despite-rate-cuts/articleshow/76034244.cms 

6. State Bank of India will extend by three months the moratorium on term loan EMIs without waiting for customers request, said the lender in a statement on Wednesday.
https://www.business-standard.com/article/finance/sbi-extends-term-loan-emi-moratorium-by-3-months-as-coronavirus-respite-120052701355_1.html 

7. Indian exchanges have reported a 38 percent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country.
https://www.business-standard.com/article/markets/exchanges-report-38-decline-in-daily-average-commodity-volumes-in-may-120052701227_1.html 

8. India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic.
https://in.reuters.com/article/us-india-banks-capital-exclusive/exclusive-india-may-need-to-pump-20-billion-into-coronavirus-hit-state-banks-sources-idINKBN2332B3  

9.Asian stocks mostly climbed with U.S. and European futures Thursday as investors weighed continued signs of economies reopening against the increase in Sino-American tensions over Hong Kong.
https://www.bloombergquint.com/markets/asian-stock-futures-mixed-u-s-shares-climb-markets-wrap  

10.On Wednesday, Nifty closed 285.9 points higher at 9314.95 .
VIX came 0.64% lower and closed at 31.27, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 47.9 points higher at 8:15 am, Indian Time