Home sales bookings are still going strong across the top cities as homebuying sentiment remains robust. Yet unsold housing inventory has been inching up.
https://www.livemint.com/opinion/online-views/mint-explainer-why-is-unsold-housing-inventory-rising-in-a-bull-market-11682237219415.html
https://www.livemint.com/opinion/online-views/mint-explainer-why-is-unsold-housing-inventory-rising-in-a-bull-market-11682237219415.html
mint
Mint Explainer: Why is unsold housing inventory rising in a bull market?
According to Liases Foras Rating and Research, unsold housing inventory rose by about 15% from FY22 to FY23. This was primarily because the rate at which developers launched projects outstripped sales during the past year
Despite ending flat on Friday session, 50-stock index #Nifty climbed to eight week high of 17,863 whereas #NiftyBank managed to hit 12-week high of 42,603 mark in the previous week.
https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-april-24-11682297745379.html
https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-april-24-11682297745379.html
mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 24
Buy or sell stocks: Vaishali Parekh of Prabhudas Lilladher has recommended three day trading stocks for today — VRL Logistics, Mazagon Dock and Mahindra CIE Automotive
#StocksToWatch | Here are the top 10 stocks that could be in focus in today's trade:
https://www.livemint.com/market/stock-market-news/stocks-to-watch-reliance-icici-bank-wipro-hdfc-bank-hindustan-zinc-11682295225856.html
https://www.livemint.com/market/stock-market-news/stocks-to-watch-reliance-icici-bank-wipro-hdfc-bank-hindustan-zinc-11682295225856.html
mint
Stocks to Watch on April 24, 2023: Reliance, ICICI Bank, Wipro, HDFC Bank, Hindustan Zinc
IndusInd Bank, Persistent Systems, Bank of Maharashtra, Mahindra Logistics, and Century Textiles will be among the stocks in focus as they will be declaring their March quarter earnings today.
US stock market edged higher on Friday and all three key benchmark indices ended in green territory.
#Gold prices pinned below $2,000 per ounce levels as the US Fed's rate hike fear still persists.
https://www.livemint.com/market/stock-market-news/global-markets-sgx-nifty-to-us-dollar-key-triggers-for-stock-market-today-11682303336099.html
#Gold prices pinned below $2,000 per ounce levels as the US Fed's rate hike fear still persists.
https://www.livemint.com/market/stock-market-news/global-markets-sgx-nifty-to-us-dollar-key-triggers-for-stock-market-today-11682303336099.html
mint
Global markets: SGX Nifty to US dollar — key triggers for stock market today
SGX Nifty today opened with an upside gap, which signals positive opening on Dalal Street, say experts
Ankiti Bose, co-founder of and ex-CEO of fashion e-commerce startup #Zilingo has filed an ₹820 crore defamation suit against high-profile angel investor #MaheshMurthy over an old piece of an article authored by Murthy in the March issue of Outlook Business magazine.
Read here: https://www.livemint.com/companies/start-ups/investor-mahesh-murthy-sued-by-zilingo-founder-for-highlighting-misuse-of-money-by-ceo-ankiti-bose-11682293664163.html
Read here: https://www.livemint.com/companies/start-ups/investor-mahesh-murthy-sued-by-zilingo-founder-for-highlighting-misuse-of-money-by-ceo-ankiti-bose-11682293664163.html
Almost six decades after the Jetsons predicted a world of flying cars and homes in the sky in the Hanna-Barbera animated TV series, India may finally be gearing up for flying passenger taxis.
https://www.livemint.com/technology/tech-news/iitincubated-eplane-readies-an-electric-taxi-for-the-skies-11682272943158.html
https://www.livemint.com/technology/tech-news/iitincubated-eplane-readies-an-electric-taxi-for-the-skies-11682272943158.html
mint
IIT-incubated ePlane readies an electric taxi for the skies
The Chennai-based deeptech startup , with around 70 employees, is part of Kerala Startup Mission and incubated at IIT-M
#MGMotor India is aiming to become profitable in fiscal year 2024, after achieving cash flow breakeven in March, said Rajeev Chaba, president & MD of the company, in an interview.
https://www.livemint.com/auto-news/mg-motor-india-eyes-profitability-in-fy24-11682273287281.html
https://www.livemint.com/auto-news/mg-motor-india-eyes-profitability-in-fy24-11682273287281.html
mint
MG Motor India eyes profitability in FY24
The company is seeking fresh financing to establish a second factory in India , and supporting its next phase of growth as the business begins generating cash.
#India is leading the digital content creation wave with 1 million creators in the country estimated to have at least 100,000 subscribers or followers in three years, growing at 37% at an annualized level.
https://www.livemint.com/news/india/over-1-million-indian-social-media-creators-to-earn-500-per-month-in-the-next-three-years-report-11682270973943.html
https://www.livemint.com/news/india/over-1-million-indian-social-media-creators-to-earn-500-per-month-in-the-next-three-years-report-11682270973943.html
mint
Over 1 million Indian social media creators to earn $500 per month in the next three years: Report
While the global growth rate of individual creators is 18%, the annualized growth rate for India is over 115%, the report said.
#SpaceX founder #ElonMusk has congratulated the Indian space agency for the successful launch of #PSLVC55 and placing two Singaporean satellites for Earth observation into the intended orbit.
https://www.livemint.com/science/news/elon-musk-congratulates-isro-for-successful-launch-of-pslvc55-11682303981067.html
https://www.livemint.com/science/news/elon-musk-congratulates-isro-for-successful-launch-of-pslvc55-11682303981067.html
mint
Elon Musk congratulates ISRO for successful launch of PSLV-C55
Last week, ISRO successfully launched the PSLV-C55 from Satish Dhawan Space Centre in Sriharikota and placed two Singaporean satellites for Earth observation into the intended orbit
According to media reports, David Risher, #Lyft's newly appointed CEO & former Amazon executive, sent an email to the company's staff on Friday informing them about the upcoming #layoffs.
Read here: https://www.livemint.com/news/lyft-to-lay-off-significant-number-of-employees-citing-cost-cutting-measures-reports-11682309478489.html
Read here: https://www.livemint.com/news/lyft-to-lay-off-significant-number-of-employees-citing-cost-cutting-measures-reports-11682309478489.html
The Supreme Court transferred all FIRs against comedian #MunawarFaruqui to Indore.
A bench of Justices BR Gavai and Sanjay Karol also extended Faruqui's interim protection for three weeks with regard to the production warrant in Delhi.
Read here: https://www.livemint.com/news/india/munawar-faruqui-supreme-court-bail-indore-hurt-speech-11682317322533.html
A bench of Justices BR Gavai and Sanjay Karol also extended Faruqui's interim protection for three weeks with regard to the production warrant in Delhi.
Read here: https://www.livemint.com/news/india/munawar-faruqui-supreme-court-bail-indore-hurt-speech-11682317322533.html
India’s software services companies are expected to see a sharp drop in attrition rates in the coming quarters, from the current 20%-plus to as low as 16%.
https://www.livemint.com/companies/news/it-firms-may-see-a-sharp-decline-in-attrition-rate-11682270286789.html
https://www.livemint.com/companies/news/it-firms-may-see-a-sharp-decline-in-attrition-rate-11682270286789.html
mint
IT firms may see a sharp decline in attrition rate
In the March quarter, Infosys’s attrition rate fell to 20.9%, a decrease from 24.3% in the preceding three months, while HCL Technologies and Tata Consultancy Services’ attrition rates dropped to 19.5% and 20.1%, respectively.
#BernardArnault 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.
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
#Opinion | Indian oligopoly has another unique trait: a particular industry may have many players, but its top two or three enjoy the lion’s share of turnover and profits in that sector.
https://www.livemint.com/opinion/online-views/nyu-academics-acharya-and-roubini-unite-against-india-s-oligopolistic-trend-warning-of-hampered-competition-growth-stagnation-and-abuse-of-pricing-power-11682269688848.html
https://www.livemint.com/opinion/online-views/nyu-academics-acharya-and-roubini-unite-against-india-s-oligopolistic-trend-warning-of-hampered-competition-growth-stagnation-and-abuse-of-pricing-power-11682269688848.html
mint
There’s scant oversight of India’s oligopolistic markets
Our competition law doesn’t recognize collective dominance as an economic problem
The National Company Law Tribunal has allowed the resolution professional of #FutureRetail Ltd to request help from law enforcement authorities to gain access to stores that the company has been locked out of due to disputes with landlords.
https://www.livemint.com/companies/news/nclt-permits-future-retail-to-seek-law-enforcement-s-help-in-accessing-locked-stores-amid-landlord-disputes-documents-sought-from-former-auditors-11682268186668.html
https://www.livemint.com/companies/news/nclt-permits-future-retail-to-seek-law-enforcement-s-help-in-accessing-locked-stores-amid-landlord-disputes-documents-sought-from-former-auditors-11682268186668.html
mint
NCLT approves Future Retail’s plea to allow access to stores
Future Retail sought help from relevant local authorities for access and protection under Regulation 30 of Corporate Insolvency Resolution Process
#SpaceX founder #ElonMusk has congratulated the Indian space agency for the successful launch of #PSLVC55 and placing two Singaporean satellites for Earth observation into the intended orbit.
Read here: https://www.livemint.com/science/news/elon-musk-congratulates-isro-for-successful-launch-of-pslvc55-11682303981067.html
Read here: https://www.livemint.com/science/news/elon-musk-congratulates-isro-for-successful-launch-of-pslvc55-11682303981067.html
The Royal Family has reportedly decided to avoid the potential controversy surrounding the use of the #Kohinoor diamond in #KingCharles' Coronation ceremony by opting for an existing crown instead.
https://www.livemint.com/news/world/king-charles-royal-family-controversy-kohinoor-diamond-in-coronation-ceremony-queen-camilla-11682318485831.html
https://www.livemint.com/news/world/king-charles-royal-family-controversy-kohinoor-diamond-in-coronation-ceremony-queen-camilla-11682318485831.html
mint
King Charles plays it safe, avoids controversy by excluding Kohinoor diamond in Coronation ceremony
The Kohinoor diamond was acquired by the British in 1849.
As many government bodies lose verification check mark on #Twitter, PIB fact check on 23 April said that they are committed to provide its citizen with verified information with or without a blue tick.
https://www.livemint.com/news/india/yahan-verified-information-milti-hai-pib-fact-check-after-losing-twitter-blue-tick-11682319603068.html
https://www.livemint.com/news/india/yahan-verified-information-milti-hai-pib-fact-check-after-losing-twitter-blue-tick-11682319603068.html
mint
'Yahan verified information milti hai' PIB fact check after losing Twitter Blue tick
Apart from PIB fact check, other ministries like Ministry of Housing and Urban Affairs, Ministry of Power, Ministry of Petroleum and Natural Gas, Ministry of Electronics & IT also have lost their blue ticks.
A section of consultants and service providers in the country have urged the government to allow domestic involving foreign currencies such as the US dollar through the #RBI.
https://www.livemint.com/news/india/allow-domestic-deals-involving-foreign-currencies-via-rbi-consultants-to-govt-11682321471247.html
https://www.livemint.com/news/india/allow-domestic-deals-involving-foreign-currencies-via-rbi-consultants-to-govt-11682321471247.html
mint
Allow domestic deals involving foreign currencies via RBI: Consultants to Govt
At present a transaction fee is levied on US dollars transactions within the country
#Opinion | Whether #SachinTendulkar is greater than Bradman is an uninteresting question.
The most interesting question in every sport is never asked: Who is the second best?
https://www.livemint.com/opinion/columns/the-problem-with-the-term-greatest-in-sports-and-literature-a-critical-analysis-on-sachin-tendulkar-s-50th-birthday-11682271243646.html
The most interesting question in every sport is never asked: Who is the second best?
https://www.livemint.com/opinion/columns/the-problem-with-the-term-greatest-in-sports-and-literature-a-critical-analysis-on-sachin-tendulkar-s-50th-birthday-11682271243646.html
mint
Why the GOAT in sports is usually old or dead or both
It is easier to celebrate someone long retired as the greatest than to honour a contemporary
Aviation giant #Boeing has detected several issues with the manufacturing of 737 Max planes which could affect the deliveries required for the fleet expansion of Indian airlines like #AirIndia and #AkasaAir.
Read here: https://www.livemint.com/news/india/boeing-detects-manufacturing-issues-with-737-max-likely-to-impact-fleet-expansion-of-air-india-and-akasa-air-11682331847867.html
Read here: https://www.livemint.com/news/india/boeing-detects-manufacturing-issues-with-737-max-likely-to-impact-fleet-expansion-of-air-india-and-akasa-air-11682331847867.html