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1. GST revenue for May 2022 touched ₹1.41 lakh crore, a jump of 44% from the same month previous year.

2. India’s forex reserves increased by $3.85 billion to $ 601.36 billion in the month of May.

3. IRDAI has extended the ‘Use and File’ procedure for all health insurance firms. General insurance companies are now eligible to launch health insurance products without prior approval from the regulator.

4. Shares of <a target="_blank" href="https://mintgenie.livemint.com/news/markets/aether-industries-hit-upper-circuit-after-listing-at-10-premium-is-it-a-good-buy-151654241833342">Aether Industries</a> and eMudhra and got listed at a premium of 10% and 5.5%over issue price of ₹256 and ₹642 respectively, while IPO of Fidel Softech and Rachana Infrastructure got oversubscribed by 102.9 times and 1.2 times respectively.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and <a target="_blank" href="https://kuvera.in/">kuvera.in</a>.

Weekend Wrap: Top news and market movers this week: 03 Jun 2022

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 03 June 2022.</li></ul>

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