#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
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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
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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
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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
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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
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'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
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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
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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
Walmart-backed Indian digital payments app, #PhonePe, is gearing up to launch its new app store in India.
Reportedly, the fintech giant is working on a localized app store for the Indian market.
https://www.livemint.com/companies/news/phonepe-to-give-tough-competition-to-google-with-new-app-store-11682323999621.html
Reportedly, the fintech giant is working on a localized app store for the Indian market.
https://www.livemint.com/companies/news/phonepe-to-give-tough-competition-to-google-with-new-app-store-11682323999621.html
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PhonePe to give tough competition to Google with new app store
PhonePe is reportedly planning to launch its own app store in India to compete with Google's Play Store
Pakistani-Canadian columnist #TarekFatah passed away on Monday after a prolonged battle with Cancer at the age of 73.
His daughter, journalist, Natasha Fatah shared the news on micro-blogging site Twitter.
Read here: https://www.livemint.com/news/world/pakistanicanadian-author-tarek-fatah-passes-away-at-73-11682341679641.html
His daughter, journalist, Natasha Fatah shared the news on micro-blogging site Twitter.
Read here: https://www.livemint.com/news/world/pakistanicanadian-author-tarek-fatah-passes-away-at-73-11682341679641.html
The survey reflects how workers in #India are feeling the pinch of the ever-increasing cost of living even as they grapple with what the report said was a "regular underpayment of wages".
https://www.livemint.com/economy/indians-feel-underpaid-despite-hikes-11682359623178.html
https://www.livemint.com/economy/indians-feel-underpaid-despite-hikes-11682359623178.html
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Feeling underpaid? You're not alone
While 69% of Indian workers surveyed by ADP Research Institute felt underpaid at least sometimes, the share was just 43% globally..Younger and older workers are more likely to feel overlooked by their employers when it comes to pay raises.
#MG began scouting for a strategic investor after it failed to secure funds from jittery financial investors uncertain about the company's profitability roadmap.
Read here: https://www.livemint.com/auto-news/jsw-in-talks-to-buy-15-in-mg-motor-india-11682360431911.html
Read here: https://www.livemint.com/auto-news/jsw-in-talks-to-buy-15-in-mg-motor-india-11682360431911.html
A majority of Indian travellers, about 97%, expressed a desire to travel more sustainably in the next 12 months, while 84% acknowledged the global energy crisis and increasing living costs are impacting their spending plans.
Read here: livemint.com/news/india/bookingcoms-sustainable-travel-report-shows-66-of-indian-travellers-face-affordability-and-sustainability-dilemma-with-80-believing-sustainable-travel-options-are-costly-11682405671131.html…
Read here: livemint.com/news/india/bookingcoms-sustainable-travel-report-shows-66-of-indian-travellers-face-affordability-and-sustainability-dilemma-with-80-believing-sustainable-travel-options-are-costly-11682405671131.html…
#Kerala is the fourth South Indian state to get the #VandeBharat train after #Telangana, #AndhraPradesh, #TamilNadu and #Karnataka.
https://www.livemint.com/news/india/kerala-gets-its-first-vande-bharat-express-train-ten-things-to-know-11682401761177.html
https://www.livemint.com/news/india/kerala-gets-its-first-vande-bharat-express-train-ten-things-to-know-11682401761177.html
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Kerala gets its first Vande Bharat Express train: Ten things to know
Kerala Vande Bharat: The train will run between Thiruvananthapuram and Kasargod, covering 11 districts in the process
As per the report, nearly half of the respondents (50%) aged between 18-24 are prepared for medical emergencies financially.
https://www.livemint.com/news/india/luxury-items-vs-health-insurance-here-s-what-youth-is-willing-to-sacrifice-11682404233881.html
https://www.livemint.com/news/india/luxury-items-vs-health-insurance-here-s-what-youth-is-willing-to-sacrifice-11682404233881.html
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Luxury items vs health insurance: Here's what youth is willing to sacrifice
50% of respondents aged between 18-24 are prepared for medical emergencies financially
President #JoeBiden said he will seek a second White House term in 2024, a decision that will test whether Americans are ready to give the 80-year-old Democrat, already the oldest U.S. president ever, another four years in office.
Read here: https://www.livemint.com/news/world/us-president-joe-biden-announces-plans-to-contest-in-2024-elections-11682417994400.html
Read here: https://www.livemint.com/news/world/us-president-joe-biden-announces-plans-to-contest-in-2024-elections-11682417994400.html
India recently slammed a German magazine's cartoon which showed India surpassing #China's #population in a bad taste.
https://www.livemint.com/news/india/-outrageously-racist-bad-taste-indians-slam-german-magazine-s-racist-cartoon-comparing-india-china-population-11682421044118.html
https://www.livemint.com/news/india/-outrageously-racist-bad-taste-indians-slam-german-magazine-s-racist-cartoon-comparing-india-china-population-11682421044118.html
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'Outrageously racist, bad taste' Indians slam German magazine's racist cartoon comparing India, China population
According to the United Nations data, India has surpassed China with population of 142.86 crore people whereas China's population stands at 142.57 crore, according to the UN world population dashboard.
#PersonalFinance | Income from sale of any capital asset including a residential house is taxed as capital gains after deducting the cost of acquisition from the net sale proceeds.
https://www.livemint.com/money/personal-finance/how-income-tax-rule-applies-on-residential-house-proceeds-explained-11682410305136.html
https://www.livemint.com/money/personal-finance/how-income-tax-rule-applies-on-residential-house-proceeds-explained-11682410305136.html
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How income tax rule applies on residential house proceeds — explained
Income tax rules: Income from sale of any capital asset including a residential house is taxed as capital gains after deducting the cost of acquisition from the net sale proceeds
Apple and Google have built so much functionality directly into iOS and Android that it’s sometimes hard to see where the OS ends and an app begins.
https://www.livemint.com/technology/tech-news/how-chatgpt-like-ai-is-real-threat-for-apple-and-google-11682425157767.html
https://www.livemint.com/technology/tech-news/how-chatgpt-like-ai-is-real-threat-for-apple-and-google-11682425157767.html
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How ChatGPT-like AI is ‘real threat’ for Apple and Google?
The bigger impact from these technologies could be a shakeup of the entire software ecosystem, as a developers start to build their products around AI platforms
Customers pulled about $100 billion in deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.
https://www.livemint.com/industry/banking/first-republic-lost-100-billion-in-deposits-in-banking-panic-11682426976918.html
https://www.livemint.com/industry/banking/first-republic-lost-100-billion-in-deposits-in-banking-panic-11682426976918.html
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First Republic Lost $100 Billion in Deposits in Banking Panic
Bank says it will cut head count by as much as 25%, slash executive pay as it restructures balance sheet