Business Flash News: 5th June 2020

Quote of the day: “Tough times never last, but tough people do.” - Dr. Robert Schuller 

Good Morning. Here is your daily dose of News. Happy Reading to You!

#BAJAJ CAPITAL News:

- Know benefits of loan against company FDs - Financial Express published a column by Mohit Mittal - Product Head Investments, Bajaj Capital: https://bit.ly/2AKBrmD 

#MARKET News:

- Govt extends anti-dumping duty on certain steel items till December 4: https://bit.ly/36YyB9X 

- How India saved ?5,000 crore by filling strategic oil reserves during lockdown: https://bit.ly/2MsDFd5 

#MUTUAL FUNDS News:

- Five Equity Funds Have Given Superior 10-Year SIP Returns: SBI SMALL CAP, CANARA ROBECO EMERGING EQUITIES, EDELWEISS GREATER CHINA EQUITY OFFSHORE, NIPPON INDIA PHARMA, AXIS LONG-TERM EQUITY

- Mirae Asset MF launches Mirae Asset Arbitrage Fund: https://bit.ly/372InaV 

- JM Financial raises Rs.160 crore in its distressed fund (Cat-2 AIF): https://bit.ly/36ZqLgf 

#INSURANCE News:

- IRDAI unlikely to tweak 4% interest rate for discontinued Ulips: https://bit.ly/3eOEAk7 

- Universal Sompo ropes in Sharad Mathur of SBI General Insurance as CEO: https://bit.ly/36XZjzg 

- Tata AIG launches 'pay-as-you-drive cover' for private cars: https://bit.ly/2XYDHim 

- Canara HSBC OBC Life Insurance appoints Deven Sangoi as Chief Investment Officer: https://bit.ly/3dCwESY 

- Life Insurance Industry is still under-penetrated, out of 6088 people deaths only 100 claims has been reported so far i.e. 2% of total deaths - https://bit.ly/2BxSCsd 

#BUSINESS INSIDER News:

- Amazon in talks to buy $2 billion stake in Bharti Airtel: https://bit.ly/2U8DWWY

- Uday Kotak Says Raise Capital From Markets, Don’t Fuss Over Nickels And Dimes: https://bit.ly/30e0XM5  

#CORONA-POSITIVE News:

- India pledges $15 million to global vaccine alliance: PMO: https://bit.ly/370GBah 

- Iffco Tokio hires 400 in lockdown: https://bit.ly/376qiZx  

- Bill Gates-backed vaccine alliance raises $8.8 billion from world leaders and businesses: https://cnb.cx/2XA8fIk 

#GLOBAL News:

- Hong Kong passes controversial bill to make disrespecting China's national anthem a crime: https://bit.ly/2Xxo6qQ 

- Bank of America to pay $7.23 million for mutual fund overcharges: FINRA: https://bit.ly/3gV1QyH 

#PERSONAL FINANCE News:

- Banks to install contactless ATMs to cut down on touch: https://bit.ly/3cwbiW9 

- Premium car buyers opt for moratorium while mass segment stay away: https://bit.ly/2MtNNlU 

#REAL-ESTATE News:

- Cut prices and sell inventory, don't count on government support, Piyush Goyal tells builders: https://bit.ly/30ezCsO 

#Well-being News: 

- The Omnilife: How pets add special meaning to the lives of single people: https://bit.ly/2XG9kwH 

- Health: The perfect guide to relish watermelons this summer: https://bit.ly/3eH8yXo 

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News collated through daily browsing to news portals like Forbes India, TOI, ET, Mint, HBL, Moneycontrol, The OmniLife, and Cafemutual. Views expressed in the articles are of the authors only, the sender does not hold any responsibility for the views.