BUSINESS HIGHLIGHTS

New Delhi, Jun 2 (PTI) Following are the top business stories at 2100 hours:

     DEL54 PM-LD IATA
     * PM Modi invites global companies to invest in India's fast-growing aviation sector
     New Delhi: Prime Minister Narendra Modi on Monday invited global companies to invest in the country's fast-growing aviation sector, citing a streamlined regulatory framework, ease of compliance, and a simplified tax structure. *
         
     FGN24 BIZ-GOYAL-INDIA-US-TRADE PACT
     * India, US desire to give preferential market access to businesses; talks on for trade pact: Goyal
     Paris: India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. *

     DCM63 BIZ-EV LD SCHEME
     * Govt offers major import tax cuts to EV makers for local production under electric car scheme
     New Delhi: The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders. *

     DCM18 BIZ-PMI-MANUFACTURING
     * India's manufacturing sector growth falls to three-month low in May
     New Delhi: India's manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer demand and heightened geopolitical conditions, a monthly survey said on Monday. *

     DEL50 BIZ-PETROL-SALES
     * Petrol sales climb 9 pc in May, diesel demand tepid
     New Delhi: Petrol consumption spiked for the second month in a row in May as summer season travel pushed up demand but diesel sales remained tepid, according to provisional industry data. *

     DEL30 BIZ-LD STOCKS
     * Sensex, Nifty end lower as renewed global trade concerns weigh on sentiments
     Mumbai: Benchmark equity indices Sensex and Nifty on Monday ended marginally lower, following sluggish trends in global markets amid renewed global trade concerns. *

     DEL57 BIZ-LD RUPEE
     * Rupee rises 16 paise to settle at 85.39 against US dollar
     Mumbai: The rupee appreciated 16 paise to settle at 85.39 against the US dollar on Monday, supported by a weak American currency and on expectations of a further reduction in key interest rate by the Reserve Bank. *

     DCM52 BIZ-SBI-RATE CUT
     * RBI may go for 'jumbo rate cut' of 50 bps on Friday: SBI research
     New Delhi: The Reserve Bank of India (RBI) may go for a "jumbo rate cut" of 50 basis points on Friday to reinvigorate the credit cycle and counterbalance uncertainties, said SBI research report. *

     DCM43 BIZ-LD AUTO-SALES
     * Maruti Suzuki, Hyundai see dip in passenger vehicles dispatches to dealers in May
     New Delhi: Maruti Suzuki and Hyundai Motor India on Monday reported a dip in passenger vehicle dispatches to dealers in the domestic market last month as the companies tried to adjust vehicle inventory amid slowing demand. *

     DEL31 BIZ-GOLD-PRICE
     * Gold climbs Rs 330 to Rs 98,930/10 g amid strong global cues
     New Delhi: Gold prices climbed Rs 330 to Rs 98,930 per 10 grams in the national capital on Monday following a firm trend in the global markets, according to the All India Sarafa Association. *

(This story has not been edited by THE WEEK and is auto-generated from PTI)