India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42% YoY in FY 2023-24, according to a new report by PwC.

https://www.livemint.com/money/indias-digital-payments-to-grow-threefold-from-159-bn-to-481-bn-by-fy29-pwc-report-11725525731644.html

#MintLongStory | Never before in her 13-year stint as chief minister has Mamata Banerjee faced sustained pressure from the public on such a scale. Every other day, Kolkata and its hinterlands have witnessed marches and candlelight vigils. Many of them call for Banerjee’s resignation.

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The Supreme Court today reserved its judgement in the petitions by Delhi Chief Minister Arvind Kejriwal seeking release from custody in connection with the excise policy case

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

President Emmanuel Macron has named former Brexit negotiator Michel Barnier as France's new prime minister.

Barnier has been tasked with forming "a unifying government in the service of the country"

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

Opinion | India's direct tax collections are on the rise, but the personal income tax outpaces corporate tax growth. Despite tax cuts meant to encourage private investment, job creation and economic growth remain slow. Is this imbalance stalling India’s economic progress?

T.V. Mohandas Pai & Nisha Holla explore the issue.

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

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Opinion | India's middle class faces a growing tax burden, with personal income taxes now overtaking corporate contributions. High GST rates and stagnant wages are squeezing consumption, while tax cuts have yet to drive private sector growth. Is it time to rethink tax policies?

Find out more from Salman Soz's analysis.

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

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Paris Paralympic 2024 | India's Kapil Parmar won the historic judo bronze at Paris Paralympics.

He had earlier lost to S Banitaba Khorram Abadi in the semifinals.

Read here: https://www.read.ht/ScE1

🚨 Today's #MintMetric!

Read latest stories, expert columns, recommendations, best strategies, breaking story analysis by Bibek Debroy: https://www.livemint.com/authors/bibek-debroy

Swiggy packs an IPO boost for Instamart | Calamities drive up hydropower firms’ insurance expenses | Pre-IPO cos guard equity, chase private credit instead | India to show World Bank it’s biz ready

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Here's a compilation of interesting numbers that matter!

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Google and Alphabet CEO Sundar Pichai, Minister of Electronics and Information Technology Ashwini Vaishnaw, actor Anil Kapoor and Infosys co-founder Nandan Nilekani were among other leaders from India or of Indian descent who made it to the TIME100 Most Influential People in AI 2024 List.

Full story: https://shorturl.at/pTdr5

#MintPrimer | Stock markets and some economists fear the US economy, weighed down by high interest rates, is heading into a recession. Not all agree as some indicators suggest otherwise. Mint digs deeper to make sense of the noise and fears around the world’s largest economy.

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#MarketsWithMint | #StockMarket opens lower | #Sensex falls 100 points, #Nifty50 around 25,100 level

Track all market updates here: https://www.livemint.com/market/market-stats/

#MintPlainFacts | The World Bank upgraded its FY25 GDP forecast for India and Adani group is looking to acquire multiple FMCG businesses.

Meanwhile, GST on health and life insurance premia could be discussed at the GST council meeting on Monday.

Read more: https://shorturl.at/3Vh1J

Shares of Indian Energy Exchange Ltd (IEX) surged to a new 52-week high of ₹211.25 on the #NationalStockExchange on Thursday.

Power exchanges have become crucial to meeting the economy’s electricity needs as the market shifts away from long-term purchase agreements to shorter-term contracts. 💡🗼

Read our in-depth analysis 🔗 https://shorturl.at/TuCas

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Swiggy plans to double its dark store count to more than 1,000 in four years, challenging rivals Zepto, BlinkIt and BigBasket, at a time quick commerce is booming. 🛵

In the Swiggy IPO, Norwest and Prosus may sell some of their shares, while SoftBank will stay invested. 🥘📦

Read our in-depth analysis 🔗 https://shorturl.at/7upoV

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Stock markets and some economists fear the US economy, weighed down by high interest rates, is heading into a recession.

Not all agree as some indicators suggest otherwise. Mint digs deeper to make sense of the noise and fears around the world’s largest economy.💹

Read our in-depth analysis 🔗 https://shorturl.at/aVHaC

✨ Subscribe to #MintPremium: https://read.ht/Sbp0

Promoters and founders of several companies are increasingly seeking private credit as an alternative to equity capital to tide over immediate funding needs ahead of a potential IPO (initial public offering), in a funding trend that the RBI says has grown fourfold in the past 10 years.

Read our in-depth analysis 🔗 https://shorturl.at/gLddO

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As SME IPOs continue to attract massive investments, caution is essential. Experts warn of potential pitfalls, with many stocks turning into penny stocks post-listing.

Read our in-depth analysis 🔗 https://shorturl.at/oOqCB

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Paris Paralympics 2024 | Praveen Kumar clinched a gold medal in the men's high jump event at the Paris Paralympics.

He registered a brilliant jump of 2.08m to clinch his second and India's 11th medal in Paralympics history.

Track all the Paralympics 2024 Paris updates here: https://livemint.com/sports

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