In a surprise move, in the first bi-monthly monetary policy of FY24, #RBI kept the policy #repo rate under the liquidity adjustment facility unchanged at 6.50%.
Read here: https://www.livemint.com/news/india/rbi-minutes-shaktikanta-das-says-pause-in-repo-rate-tactical-not-pivot-as-fight-against-inflation-far-from-over-11681995704890.html
Read here: https://www.livemint.com/news/india/rbi-minutes-shaktikanta-das-says-pause-in-repo-rate-tactical-not-pivot-as-fight-against-inflation-far-from-over-11681995704890.html
One businessman who has known #Arnault for decades compared the situation to Jean-Paul Sartre's play "No Exit," where the main characters are locked in a room together for eternity as punishment.
https://www.livemint.com/news/business-of-life/the-world-s-richest-person-auditions-his-five-children-to-run-lvmh-the-luxury-empire-11681999543435.html
https://www.livemint.com/news/business-of-life/the-world-s-richest-person-auditions-his-five-children-to-run-lvmh-the-luxury-empire-11681999543435.html
mint
The World’s Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire
Bernard Arnault drilled his offspring in math when young, assigned them company roles and mentors as adults, then made them joint owners of a firm empowered to run the luxury conglomerate
Veteran leader #Siddaramaiah has repeatedly asserted that he was among the CM aspirants, while fellow lawmaker #DKShivakumar recently asserted that the priority was to secure a #Congress victory.
https://www.livemint.com/elections/assembly-elections/shivakumar-vs-siddaramaiah-cong-remains-mum-as-bjp-flags-power-tussle-ahead-of-karnataka-polls-11681988039197.html
https://www.livemint.com/elections/assembly-elections/shivakumar-vs-siddaramaiah-cong-remains-mum-as-bjp-flags-power-tussle-ahead-of-karnataka-polls-11681988039197.html
mint
Shivakumar vs Siddaramaiah? Congress remains mum as BJP flags 'power tussle' ahead of Karnataka polls
With the Karnataka Assembly elections approaching, the Congress party has kept quiet regarding its potential Chief Ministerial nominee.
In a memo sent to staff, co-founder and CEO #JonahPeretti said in addition to the news division, layoffs would take place in its #business, #content, #tech and administrative teams. #BuzzFeed is also considering making job cuts in international markets
Read here: https://www.livemint.com/companies/news/buzzfeed-to-close-news-division-cut-15-of-all-staff-11682010416996.html
Read here: https://www.livemint.com/companies/news/buzzfeed-to-close-news-division-cut-15-of-all-staff-11682010416996.html
Last month, #Karnataka amended its labour laws governing factories, allowing manufacturers to increase shift hours to 12 hours from the present nine.
https://www.livemint.com/news/india/apples-indian-expansion-to-prompt-changes-in-labor-laws-11682015536507.html
https://www.livemint.com/news/india/apples-indian-expansion-to-prompt-changes-in-labor-laws-11682015536507.html
mint
States set to ease labour laws, lure multinationals
States, including Tamil Nadu and Uttar Pradesh, are likely to amend labour policies by allowing flexibilities such as 12-hour shifts and night-time work shifts for women, the official said
Earlier this month, #RBI kept the repo rate unexpectedly steady at 6.5% following six consecutive rate hikes since May last year.
Read here: https://www.livemint.com/news/india/rbi-warns-against-excessive-tightening-of-interest-rates-cautioning-it-could-lead-to-a-sharp-slowdown-in-economic-growth-rbi-monetarypolicy-11682015116101.html
Read here: https://www.livemint.com/news/india/rbi-warns-against-excessive-tightening-of-interest-rates-cautioning-it-could-lead-to-a-sharp-slowdown-in-economic-growth-rbi-monetarypolicy-11682015116101.html
The #SupremeCourt had previously refused to entertain a public interest litigation challenging the provisions of the #SpecialMarriageAct requiring publication of couples' details 30 days before the intended marriage in the public domain.
Read here: https://www.livemint.com/news/india/supreme-court-30-day-notice-before-special-marriage-invasion-of-privacy-same-sex-marriage-cji-chandrachud-11682048160205.html
Read here: https://www.livemint.com/news/india/supreme-court-30-day-notice-before-special-marriage-invasion-of-privacy-same-sex-marriage-cji-chandrachud-11682048160205.html
The #BJP has so far not taken an official stand on the issue of caste census, a demand first raised by regional parties like the #RJD and the #JDU and then supported by most other opposition parties.
https://www.livemint.com/news/india/opposition-parties-caste-census-demand-2024-general-elections-50-reservation-cap-bjp-congress-bihar-cm-nitish-kumar-11682047928090.html
https://www.livemint.com/news/india/opposition-parties-caste-census-demand-2024-general-elections-50-reservation-cap-bjp-congress-bihar-cm-nitish-kumar-11682047928090.html
mint
Explained: Why Opposition parties are demanding caste census ahead of 2024 general elections?
BJP had supported a unanimous resolution passed by the Bihar assembly in the support of the caste census when it was a partner to the government headed by Janata Dal (United) leader and Chief Minister Nitish Kumar.
#China's property industry was flung into crisis in the middle of 2021 as companies such as #Evergrande struggled to meet stringent government limits on debt levels while also continuing to build homes and pay creditors, both those in China and overseas.
https://www.livemint.com/industry/infrastructure/as-china-fixes-its-property-mess-can-foreign-capitalists-benefit-11682064070545.html
https://www.livemint.com/industry/infrastructure/as-china-fixes-its-property-mess-can-foreign-capitalists-benefit-11682064070545.html
mint
As China fixes its property mess, can foreign capitalists benefit?
Needless to say, they are not top of the state’s priority list
British Deputy Prime Minister #DominicRaab resigned from the government on Friday following an independent investigation into complaints that he bullied colleagues, the latest scandal to force out one of Prime Minister #RishiSunak's top ministers.
Read here: https://www.livemint.com/news/uk-deputy-pm-dominic-raab-resigns-probe-bullying-allegations-dangerous-precedent-11682067682231.html
Read here: https://www.livemint.com/news/uk-deputy-pm-dominic-raab-resigns-probe-bullying-allegations-dangerous-precedent-11682067682231.html
The pay package awarded to #Alphabet CEO #SundarPichai soared to $226 million in 2022, boosted by a triennial stock award valued at $218 million, dwarfing the compensation of many Silicon Valley peers.
Read here: https://www.livemint.com/companies/people/sundar-pichai-alphabet-ceo-salary-in-2022-soars-to-226-million-on-massive-stock-award-11682124004624.html
Read here: https://www.livemint.com/companies/people/sundar-pichai-alphabet-ceo-salary-in-2022-soars-to-226-million-on-massive-stock-award-11682124004624.html
#Deloitte intends to reduce its workforce in the US by approximately 1,200 jobs, which amounts to around 1.4% of its total employees in the country. #Layoffs2023
Read here: https://www.livemint.com/news/world/deloitte-responds-to-consulting-business-slowdown-with-1-200-job-cuts-in-us-11682124212925.html
Read here: https://www.livemint.com/news/world/deloitte-responds-to-consulting-business-slowdown-with-1-200-job-cuts-in-us-11682124212925.html
Billionaire businessman Anil Agarwal-owned #Vedanta, the promoter of Hindustan Zinc Ltd, has pledged 2.44% more shares of the latter as collateral to avail a term loan of ₹1,500 crore.
https://www.livemint.com/companies/news/vedanta-pledges-more-shares-of-hindustan-zinc-as-collateral-for-term-loan-stake-rises-to-91-35-market-cap-at-inr-1-38-tn-11682007973914.html
https://www.livemint.com/companies/news/vedanta-pledges-more-shares-of-hindustan-zinc-as-collateral-for-term-loan-stake-rises-to-91-35-market-cap-at-inr-1-38-tn-11682007973914.html
mint
Vedanta pledges more Hindustan Zinc stake for loan
Hindustan Zinc intends to use the loan for capital expenditure, debt repayment, and operational expenses, according to a regulatory filing
On Friday, MCX gold futures maturing on June 5 ended at ₹59,766 per 10 grams down by ₹737 or 1.22%.
This bullion did touch an intraday high of ₹60,476 per 10 grams earlier in the day. #AkshayaTritiya
https://www.livemint.com/news/india/akshaya-tritiya-2023-gold-prices-likely-to-hit-rs-65-000-in-medium-term-what-should-investors-do-11682096048115.html
This bullion did touch an intraday high of ₹60,476 per 10 grams earlier in the day. #AkshayaTritiya
https://www.livemint.com/news/india/akshaya-tritiya-2023-gold-prices-likely-to-hit-rs-65-000-in-medium-term-what-should-investors-do-11682096048115.html
mint
Akshaya Tritiya 2023: Gold prices likely to hit ₹65,000 in medium term. What should investors do?
On a broader spectrum, the outlook for gold remains positive as the interest rate hike cycle is expected to come to a pause if not reverse in three months.
#PersonalFinance | The recent surge in gold prices, which is sustaining over ₹60,000 per 10 grams, is likely to dampen consumer demand this #AkshayaTritiya.
https://www.livemint.com/money/personal-finance/akshaya-tritiya-2023-can-gold-price-continue-to-glitter-amid-us-fed-rate-hike-buzz-11682051146207.html
https://www.livemint.com/money/personal-finance/akshaya-tritiya-2023-can-gold-price-continue-to-glitter-amid-us-fed-rate-hike-buzz-11682051146207.html
mint
Akshaya Tritiya 2023: Can gold price continue to glitter amid US Fed rate hike buzz?
Akshaya Tritiya 2023: Jewellers are expecting a 20 per cent decline in gold sales in volume terms
India has improved its ranking in the #WorldBank's Logistic Performance Index 2023 by six places, owing to significant investments in both soft and hard infrastructure as well as technology.
https://www.livemint.com/news/india-ascends-six-places-to-rank-38-on-world-bank-logistics-index-11682135501780.html
https://www.livemint.com/news/india-ascends-six-places-to-rank-38-on-world-bank-logistics-index-11682135501780.html
mint
India ascends six places to rank 38 on World Bank logistics index
According to the report, India's rank in the index of 139 countries has risen to 38 from 44 in 2018.
#Cybersecurity is a growing issue of concern among internet users. Criminals are finding new ways to target vulnerable citizens.
If you are a #Netflix user, then here’s something you should know:
https://www.livemint.com/news/netflix-scam-why-you-should-not-respond-to-email-asking-for-payment-details-and-how-to-stay-safe-11682141066743.html
If you are a #Netflix user, then here’s something you should know:
https://www.livemint.com/news/netflix-scam-why-you-should-not-respond-to-email-asking-for-payment-details-and-how-to-stay-safe-11682141066743.html
mint
Netflix scam: Why you should not respond to email asking for payment details and how to stay safe
Check Point Research report shows how researchers detected a phishing campaign targeting Netflix customers during the first quarter of 2023. In the campaign, fraudsters used a fake email using Netflix branding to deceive customers.
#PersonalFinance | Mutual funds are one of the most favoured investment options among those investors who are in the nascent phase of one's career.
https://www.livemint.com/money/personal-finance/mutual-funds-monthly-sip-you-need-to-accumulate-rs-79-crore-when-you-turn-60-11682141050011.html
https://www.livemint.com/money/personal-finance/mutual-funds-monthly-sip-you-need-to-accumulate-rs-79-crore-when-you-turn-60-11682141050011.html
mint
Mutual funds: Monthly SIP you need to create ₹79 crore corpus when you turn 60
SIP calculator: If an investor invests ₹15,000 per month 15 years maintaining annual step up of 15%, he may expect ₹2 crore maturity amount, says15 x 15 x 15 rule of mutual funds
Nearly 50% of India's #population is below the age of 25 years, according to UNFPA India representative Andrea Wojnar.
Read here: https://www.livemint.com/news/india/most-populous-india-has-big-gap-in-sex-ratio-female-population-leads-in-hong-kong-nepal-11682140869482.html
Read here: https://www.livemint.com/news/india/most-populous-india-has-big-gap-in-sex-ratio-female-population-leads-in-hong-kong-nepal-11682140869482.html
The Indian Space Research Organisation (#ISRO) launched two Singapore satellites on board a polar satellite launch vehicle (#PSLV) from Satish Dhawan Space Centre, Sriharikota.
Read here: https://www.livemint.com/news/india/pslvc55teleos2-lifts-off-all-you-need-to-know-11682153359022.html
Read here: https://www.livemint.com/news/india/pslvc55teleos2-lifts-off-all-you-need-to-know-11682153359022.html
#Zilingo’s co-founder Ankiti Bose has filed a $100 million defamation lawsuit against investor Mahesh Murthy for accusing her of taking money from a #startup illegally.
https://www.livemint.com/companies/news/zilingo-co-founder-files-100m-defamation-lawsuit-against-investor-mahesh-murthy-for-false-accusations-of-illegal-money-taking-from-startup-in-india-11682099563591.html
https://www.livemint.com/companies/news/zilingo-co-founder-files-100m-defamation-lawsuit-against-investor-mahesh-murthy-for-false-accusations-of-illegal-money-taking-from-startup-in-india-11682099563591.html
mint
Zilingo’s Bose sues Mahesh Murthy for ‘defamatory’ article
Once a promising startup, with aspirations of becoming a unicorn, Zilingo entered into liquidation this January after failing to recover from the suspension of CEO Bose in March 2022, following an investigation into financial irregularities at the company…