News, I read on 10th June

1) India's sovereign rating downgrade has created six "fallen angels", or companies in the non-financial sector whose ratings have dipped to just one notch away from being considered junk - Moody's
Ref:Business Standard

2) The ratio of central taxes -to-GDP slid further in FY20 to a 10-year low of 9.88 per cent, driven by a decline in collections from customs duties and corporation tax.
Ref:Business Standard

3) Airlines globally will lose over $84 billion during financial year 2020, the biggest in aviation history, due to the outspread of covid-19 and a muted travel appetite.
Ref: Livemint

4) India's job market looks grim with just 5 per cent of companies planning to add more staff in the next three months as corporates gear up for the post-lockdown era.
Ref:Business Standard

5) Adani Green Energy Ltd said on Tuesday it had won a government contract to build solar plants in India with a total capacity of 8 gigawatts (GW) at a cost of $6 billion over the next five years.
Ref: Reuters

6) Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday while the tech-heavy Nasdaq hit a record high for the third straight session as investors eyed this week’s Federal Reserve meeting for signs. 
Ref: Reuters

7) Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products.
Ref:Reuters

8) National Commodity and Derivatives Exchange has said it will launch two rainfall-based indices on Wednesday, which will track the systematic rainfall movement in the country.
Ref:Yahoo Finance 

9) Experts, Caution that the ongoing rally despite looming conditions could be a ‘bull trap’ in a bear market. 
Ref:Business Standard