Benchmark indices slipped from higher levels to settle lower on Thursday as investors looked beyond positive political developments and weighed concerns around global trade war and macro-economic indicators.

In a highly volatile session, the benchmark BSE Sensex ended 118 points lower, dragged by losses mainly in auto and financial stocks.

GST collections touched Rs 1 lakh crore in May, as compared to Rs 94,016 crore in the year ago period, the government said Saturday.

The gross collection in May at Rs 1,00,289 crore is, however, lower than Rs 1,13,865 crore collected in April.

Washington: For the first time since the 1970s, the United States is planning to send equipment to the surface of the Moon in 2020 and 2021, in anticipation of a crewed lunar mission in 2024, NASA has said.

The US space agency has chosen American firms Astrobotic, Intuitive Machines and Orbit Beyond to send instruments and other scientific equipment to the Moon as part of the Artemis program.

The country’s largest lender State Bank of India (SBI) has revised interest rates on its recurring deposits (RDs) with effect from 9 May 2019, according to the bank’s website. SBI RD interest rates vary between 6.4%-7% for general public and an additional interest rate hike of 0.50 percentage points for senior citizens. SBI recurring deposits has terms ranging from 12 months to 120 months.

Washington: Officials of the US, Japan, Australia and India met in Bangkok on Friday to hold consultations on their collective efforts for a free, open and inclusive Indo-Pacific and reaffirmed their shared commitment to preserving and promoting the rules-based order in the region, where China is flexing its muscles.

Engineering giant Larsen and Toubro (L&T) is believed to have received the approval from the Securities and Exchange Board of India (SEBI) to go ahead with the open offer to acquire shares in IT firm Mindtree.

The open offer is likely to start after June 10. L&T currently holds a 28.87% stake in the IT firm which it acquired partly from Cafe Coffee Day founder VG Siddhartha as well as from the open market.

A steady core and curtailed incremental stress are the key characteristics of Bank of Baroda’s (BoB’s) Q4FY19 results. That said, higher provisions (due to seasoning and a markdown of a few assets) led to a loss of `9.9 bn.

Key highlights: (i) Slippages were restricted at `37.5 bn (3.3%, >30% from corporate book, largely IL&FS). Though coverage improved to about 67% and NNPLs fell to 3.3%, the exposure to DHFL, ADAG, etc. raises concern.

President Donald Trump said on Friday that the United States would end its preferential trade treatment for India on June 5.

"I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," Trump said in a statement on Friday.

Financial creditors of Reliance Communications have submitted claims of over Rs 49,193 crore, which showed that China Development Bank, LIC and SBI have the highest exposure in the dues.

According to the list, Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore and the remaining amount has been put for verification.

Apple and Samsung, the flagbearers of innovation in the consumer technology space for years, maybe losing the trust of young Indian consumers to a Chinese rival. Oppo Mobile India, the local subsidiary of China’s BBK Electronics, has emerged as the most-preferred innovative handset brand in the premium segment, as per an independent study conducted by the analyst firm CyberMedia Research (CMR).

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