IT major #Infosys announced that the company has terminated its $1.5 billion agreement with an undisclosed global company, focused on #artificialintelligence (AI) solutions, signed in September.

Read here: https://www.read.ht/R3dE

#MintCharts | It was a resilient year for mutual funds. The industry’s assets under management (AUM) climbed to a new peak of ₹49 trillion in November.

Equity funds led the growth, with their AUM rising to ₹22.2 trillion by November amid bullish market sentiment and strong inflows.

In the movies, snow and Christmas seem to go hand in hand. And if you are sitting in warmer climes, these heartwarming movies make you wish, ‘Let it snow, let it snow, let it snow!’ ☃️ ❄️

The season of such holiday magic is here & we would be amiss if we don’t share money lessons learnt from holidays that make you spend, spend, and spend some more! 🎁

https://www.read.ht/R4XM

#Layoffs2023 | #Paytm's parent company, One 97 Communications, has made the decision to terminate more than 1,000 employees across various departments as part of a broader cost-cutting strategy, as per reports.

The development comes after Vijay Shekhar Sharma, CEO and founder of Paytm, while sharing his to-do list ahead of the New Year, called out for suggestions from users for the fintech app.

Read here: https://www.read.ht/R4Xr

JUST IN | #Disney & #Reliance signed a non-binding agreement for Indian media operations merger, according to a report by ET.

Read here: https://www.read.ht/R4ZX

#PersonalFinance | A home loan 🏡 is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenure which can be 15 years or more. The total final amount that one pays can be double what was borrowed.

But a home loan is among the cheapest loans available & usually, it is the only way a person can buy a house.

Here's a look at the lowest home loan interest rates of some leading banks.

#MintCharts | India's push towards higher capital expenditure in the previous two Union budgets has brought investment back in focus.

So far, the government has taken the lead on investing, but the envisaged capex of private corporations increased in FY2021-22 and FY2022-23, as per the RBI survey.

Today's #MintMetric by Bibek Debroy!

#MintEmergingMarketsTracker | Launched in Sept 2019, Mint's Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators.

With a composite score of 70, India topped the EM league table in November. Brazil & Mexico were second & third, respectively.

#PersonalFinance | Melting the gold is the standard practice followed by most jewellers, especially big reputed brands, to check purity of ornaments bought from other jewellers, even if you have a purchase bill.

Melting gold may result in a slight reduction in weight of your gold due to removal of dirt, colouring or loss of metal in the process, Shipra Singh reports.

Read here: https://www.read.ht/R5X3

#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

Prime Minister #NarendraModi became the first world leader whose personal YouTube Channel reached over 2 crore subscribers.

Read more: https://www.livemint.com/news/india/pm-narendra-modi-becomes-first-world-leader-with-2-crore-youtube-subscribers-11703592366720.html

#MintCharts | As many as 74 countries will elect national leaders in 2024, according to a count by The Economist. The list includes seven of the 10 most populous nations, accounting for over one-third of humanity and of world #GDP

Check out today’s Plain Facts for a preview of the key events to look forward to in 2024.

#PersonalFinance | Modified P/B ratio calculation by NSE showed Indian markets as cheaper, cautioning against hasty conclusions and highlighting the need for diverse valuation metrics and historical data consistency - writes Sashind Ningthoukhongjam


Read more: https://www.read.ht/R6C2

#PersonalFinance | Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures.

Mint Markets in Review compiles top articles for investors following India’s public markets, offering exclusive interviews, investing advice, and in-depth perspectives, serving as a valuable retrospective for 2023.

Mint Markets in Review 2023 : https://www.livemint.com/topic/best-of-mint-market-2023

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Best of Mint Primer 2023 : https://www.livemint.com/topic/best-of-mint-primer-2023

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Best of Mint Explainers 2023: https://www.livemint.com/topic/best-of-mint-explainers-2023