Economic Times

Business Standard
Ø  Greece becomes first developed country to default on IMF payment
Ø  'Grexit may trigger surge in Indian borrowing costs'
Ø  Literacy rate at 71% in rural India, 86% in urban: Survey
Ø  HSBC faces $2.4 bn bill for new ringfencing rules
Ø  FinMin mulls merging Bhartiya Mahila Bank with SBI
Ø  Hinduja Global to acquire stake in Mphasis' BPO biz
Ø  Govt considers imposing 10% import duty on wheat

Ø  Greece in last-minute rescue appeal as default looms
Ø  Greece seeks two-year bailout programme
Ø  April core sector soars 4.4% after two months of decline
Ø  Pfizer gets CCI nod for Hospira merger
Ø  Shah panel begins stakeholder deliberation on FII MAT issue
Ø  Oil ministry asks refiners to buy dollars, euros to settle Iran oil dues
Ø  NCDEX plans to add more commodities in mini contracts
Business Line

Mint
Ø  Govt to spend more to revive investments 
Ø  Polluting industries get time till Sept to install devices to monitor effluent discharge 
Ø  Two basis points of AUM should be implemented seriously: SEBI
Ø  Financial Technologies Case: CLB adjourns hearing to Sept 2
Ø  SEBI chief wants proper use of investor education fund 
Ø  SEBI bars 239 SME entities from accessing market 

Ø  Sebi chief UK Sinha slams mutual fund industry for high upfront commissions
Ø  India bans oil trade with Islamic State-linked organisations
Ø  Petrol prices cut by 31 paise a litre, diesel by 71 paise
Ø  Infibeam files IPO papers with Sebi, to raiseRs.450 crore
Ø  Airtel becomes world’s third largest mobile operator
Ø  SBI considering two cases for conversion of debt to equity: Arundhati Bhattacharya
Financial Express

Financial Chronicle
Ø  $120 bn to be infused in Railways in 5 years: Minister
Ø  No WhatsApp for NLD or local calls, says DoT
Ø  Further rate cut of 25 bps likely this fiscal: Citigroup
Ø  Bharti Airtel inks 4-year deal with Nokia for 3G services
Ø  Brigade to buy Chennai land for Rs 550 crore from Kansai Nerolac Paints

Ø  Fresh duty hike soon to cut cheap steel imports
Ø  Gionee thinks local, to make handsets in India
Ø  Airbus to make in India in JV with local, S Asia firms
Ø  IndiGo files for Rs 2,500 cr issue on big day for IPOs
Ø  Srei Finance to raise `200 crore through NCDs
Ø  Fiscal deficit data shows sharp drop in May