TOP NEWS OF THE DAY: 1. Moody's slashes India's 2022 GDP gro | Finlight

TOP NEWS OF THE DAY:


1. Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 percent


2. The governments and companies own close to 8 percent of all Bitcoin in the world, roughly 1 million Bitcoin (BTC) worth $45 billion, and Bulgaria is the major holder of it, a report said


3. Govt targets fake reviews on e-commerce sites, to create a roadmap


4. 31% of India’s digital video audience are paying subscribers: Ormax


5. India's FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI report


6. Adani's food venture Adani Wilmar Ltd is the best-performing IPO in Asia


7. India exports wheat worth $650 million in March-April


8. Average CEO level salary rose to ₹11.8 cr during 1st wave of Covid-19: Report


9. The government on Thursday withdrew its offer to sell its entire 52.98 percent stake in BPCL, saying that bidders are not interested to participate in the current privatization process due to prevailing conditions in the global energy market.


10. The newly-created Flexi-cap category -- which requires mutual funds to invest at least 65 percent of the corpus in equity without any restrictions on investing in large, mid or small-cap stock -- registered a net inflow of Rs 35,877 crore in 2021-22 which is best among equity categories.


11. RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays


12. INEOS Styrolution India Board declares Second Interim Dividend. The company has considered and declared 2nd Interim Dividend of Rs. 105/- (i.e. 1050%) per equity share of Rs. 10.