News, I read on 8th June.

1) The Finance Ministry on June 7 announced that public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme.
 Ref: Money Control

2) Foreign portfolio investors have pumped in a massive Rs 18,589 crore into the Indian markets the first week of June
Ref: Money Control

3) Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July.
Ref: Economic Times

4) The government has modified public procurement norms to give maximum preference to companies whose goods and services have 50 percent or more local content. 
Ref: Business Standard 

5) The country's coal import dropped by 20 percent to 18.93 million tonnes (MT) last month, industry data showed with the government is planning to bring the country's 'avoidable coal imports' to zero by 2023-24.
Ref: Business Standard

6) China’s exports contracted in May as global coronavirus lockdowns continued to devastate demand.
Ref: Reuters

7) The gross direct tax collection in 2019-20 fiscal dipped 4.92 percent to Rs 12.33 lakh crore on account of reduction in corporate tax rate and other tax reliefs.
Ref: Yahoo Finance

8) Jio Platforms will raise Rs5,683.50 crore from Abu Dhabi Investment Authority (ADIA) against 1.16% stake sale to the sovereign wealth fund, total fund raises reached Rs 97,885.65Cr. 
Ref: Live Mint

9) According to analysts, Equity markets may take a breather this week after a sharp rally over the last few days and global trends will be the major sentiment driver for the domestic bourses.
Ref: Business Standard

10) Homebuyers body FPCE has written to the Prime Minister, seeking interest waiver on home loans and more tax sops to deal with the liquidity crisis amid COVID-19 pandemic.
Ref: Yahoo Finance

11) On Friday, NIFTY closed 113.05 Points higher at 10,042.15 VIX drops by 3.40% and closed at 28.68, the usual safe range for VIX is between 12 to 20. 
SGX Nifty trading 82 points higher at 8:00 am, Indian Time


By Kundan Kishore.
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