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June 2: The top 10 finance stories of the day

·3-min read

Addressing CII, PM Modi said getting economic growth back is not difficult. Moody's downgrades 11 Indian banks, 11 NFIs, 11 infra majors, 4 issuers. KV Kamath rumoured to replace Nirmala Sitharaman as finance minister.

Here are the top 10 finance related picked of the da.

‘Made In India’ but made for world: PM calls for self-reliance

Prime Minister Narendra Modi on Tuesday, 2 June, said that there are five elements that make India great – ‘Intent, Inclusion, Investment, Infrastructure and Innovation’ – during his address for Confederation of Indian Industry's (CII) annual session, marking 125 years of the body. Read more

Moody's downgrades 11 Indian banks, 11 NFIs, 11 infra majors, 4 issuers

Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook. Read more

KV Kamath to replace Nirmala Sitharaman as finance minister? Rumours afloat on the eminent banker's induction into Modi Cabinet

Political circles and social media are abuzz with rumours that eminent banker Kundapur V Kamath may soon replace Nirmala Sitharaman as Union Finance Minister of India. Read more

Anonymous crosses 6.3mn followers on Twitter as it takes on Donald Trump, racism

Anonymous is back – that appears to be the verdict on social media platforms. Over the past few days, the follower base of Anonymous' purported account on Twitter (@YourAnonNews) has seen a surge of interest, as the collective seemingly resurfaced from dormancy. Read more

Your view: PM says getting economic growth back is not difficult. Do you agree?

In his first major address on economy after Unlock 1.0, Prime Minister Narendra Modi showed immense faith in India’s capability to get back its economic growth. Share your comments

Mitron app suspended from Google Play store, but Other 'Mitrons' Have Spawned Already

Mitron app, which recently went viral by claiming to be India’s answer to the China-based TikTok, has been suspended from the Google Play Store, states a report by CNBC-TV18. According to the report, the Mitron app has been suspended for violating the Spam and Minimum Functionality developer policies under the Google Play Store, although the developers behind the app can challenge the suspension if they have enough grounds to prove themselves. Read more

Why to avoid special car financing schemes mid COVID-19?

April was a zero sales month for automakers as showrooms and production sales remained closed across the globe and exports were paused. Sales were far from normal even as retailers reopened for business in the month of May. Read more

EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know

The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension. Read more

You will be warned if Windows 10 May 2020 update can cause problems with your PC

Microsoft is known to roll-out new Windows 10 updates like clockwork every couple of months. It is also known for halting its updates as they are usually bugged. Recently the company rolled out the Windows 10 May 2020 update for devices last week, and it didn't take long for Microsoft to acknowledge that there is a raft of issues associated with it. Read more

5 secret billionaires who don't advertise their wealth

Forbes, Fortune and Bloomberg have a strict policy of who they can include in their rich lists, which leaves several super-rich in the shadows... which is where they'd like to be. Read more

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