Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
Here are the top stories this evening:
India mulls $13 billion extra borrowing to offset fuel-tax cut
India will probably borrow the entire 1 trillion rupees ($12.9 billion) that the government will forgo as revenues due to a cut in gasoline and diesel levies, according to people familiar with the matter.
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A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre.
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Infosys reappoints turnaround artist Salil Parekh as boss, showers stock options on top execs
India’s second largest software firm Infosys said on Sunday that its board has reappointed Salil Parekh as managing director and chief executive officer for five more years starting July, reposing trust in a leader who has turned around the company ever since he took over in January 2018.
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Apple eyes India output bump as China virus curbs force iPhone maker to look elsewhere
Apple Inc has begun searching for new production hubs outside China including India in the wake of virus curbs snarling supply chains in the Middle Kingdom.
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Dalal Street Week Ahead | 10 key factors to watch out for
The market recovered sharply and snapped a five-week losing streak in the highly volatile week ended May 20 with benchmark indices gaining three percent each amid worries over rising interest rate, inflation, volatile global markets and mixed earnings. "We expect choppiness to remain high due to the scheduled monthly expiry. Monsoon-related updates will also be in focus," says Ajit Mishra, vice-president of research at Religare Broking.
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Sun Pharmaceutical recalls over 10,000 bottles of generic anti-depression drug in US
Drug major Sun Pharma is recalling around 10,500 bottles of a generic drug meant for the treatment of major depressive disorders in the US market following a customer complaint.
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Daily Voice | Consider buying LIC only if the insurer's metrics improve, says Anil Rego of Right Horizons
"In the IT space, largecaps have corrected close to 20 percent and the midcaps close to 30 percent due to margin contractions in the last few quarters on high attrition, but demand continues to be robust while some slowdown is expected in the medium term," Anil Rego, founder and fund manager of Right Horizons PMS said in an interview to Moneycontrol.
Read the full interview here