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Top Seven Business And Market Stories Of The Day You Can't Miss — June 3

Important news, must-read stories on NDTV Profit on Monday.

Government Spending Drives Banking System To Surplus Liquidity For First Time Since April

Typically, overall liquidity is impacted by periodic flow in and out of the banking system due to government spending, tax payments, and excise duty payments.

Photo Credit: Rupixen/Unsplash

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Peyush Bansal-Led Lenskart Raises $200 Million, Taking Funding To $1 Billion In Past 18 Months

This investment underscores the uniqueness of Lenskart’s disruptive model, said Avendus Capital's Neeraj Shrimali.

Photo Credit: Company website

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IPO-Bound Swiggy Gets Another Valuation Markup By Baron Capital

In April, Invesco Inc. had also raised the valuation of its investment in the food delivery major for at least the third time to around $12.7 billion.

Photo Credit: Swiggy/Google Play

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ChatGPT-4 Rivals Human Financial Analysts, Says Study

Gen AI might just be able to help you play the stock market if you can tune a GPT the correct way.

Photo Credit: DeepAI.org

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After Amul, Mother Dairy Hikes Milk Prices By Rs 2 Per Litre

Following the revision, Mother Dairy buffalo milk will now cost Rs 72 a litre, while cow milk will be priced at Rs 58 a litre in the Delhi-NCR region.

Photo Credit: Facebook

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Failure To Arrest On Time Enabled Mallya, Nirav, Choksi To Flee The Country: PMLA Court

Vijay Mallya, Nirav Modi, and Mehul Choksi have defrauded public sector banks to the tune of nearly Rs 23,000 crore.

Photo Credit: Namas Bhojani/Bloomberg News

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Manufacturing PMI Eases To Three-Month Low On Heatwaves, Higher Production Costs

The HSBC India Manufacturing Purchasing Managers’ Index fell to 57.5 in May from 58.8 in April, signalling a slower but still substantial improvement in the health of the sector.

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