The gap between the fortunes of #Arnault and #Tesla Inc.'s #ElonMusk, the world's second-richest person, has shrunk to just $11.4 billion.

Read here: https://livemint.com/news/world/worlds-richest-man-bernard-arnault-hit-by-11-2-billion-wealth-drop-amid-us-economic-softening-11684891965829.html

As part of their climate agenda, the two nations also finalized the Terms of Reference for the India-Australia Hydrogen Task Force.

Read here: https://www.livemint.com/news/world/india-australia-sign-migration-pact-to-open-new-consulate-in-brisbane-11684908376214.html

Billionaire #GautamAdani, the chairman of #AdaniGroup has again entered in the list of the top 20 world billionaires, thanks to the stellar rally in shares of the group companies.

Adani’s net worth swelled by $4.38 billion to $64.2 billion and is now ranked 18th in the Bloomberg Billionaires’ Index.

Read here: https://www.livemint.com/market/stock-market-news/gautam-adani-back-in-top-20-billionaires-list-as-net-worth-swells-to-64-2-billion-11684918693713.html

E-retail giant, FSN E-Commerce Ventures, which runs retail stores under the name #Nykaa, reported 71.8% decline in net profit to ₹2.4 crore for the quarter ended March 2023.

https://www.livemint.com/market/stock-market-news/nykaa-q4-net-profit-decline-71-to-rs-2-4-cr-revenue-up-34-11684924715942.html

Even once the debt ceiling is resolved, there may be more plot twists for American companies—especially deposit-hungry banks.

https://www.livemint.com/companies/for-banks-debt-ceiling-drama-doesn-t-end-with-a-deal-11684924914983.html

Affle International, the Singapore-based subsidiary of Affle India Limited, will acquire YouAppi, a global gaming-focused programmatic mobile app marketing platform, for $45 million.

https://www.livemint.com/companies/news/mobile-marketing-firm-affles-arm-to-acquire-youappi-for-45-mn-11684924023328.html

Flipkart group-owned fashion commerce platform #Myntra has rolled out ‘#MyFashionGPT’, a search feature powered by #ChatGPT.

The move aims to help shoppers with better product discovery and drive engagement on the retailer’s app.

https://www.livemint.com/companies/news/myntra-launches-chatgpt-powered-search-feature-for-enhanced-product-discovery-11684925699231.html

"I will not be surprised if the #GDP growth comes slightly above 7%," said RBI Governor Shaktikanta Das speaking at a Confederation of Indian Industry event here in New Delhi.

He said this on the basis of strength in various macro fundamentals.

Read here: https://www.livemint.com/news/india/indias-2022-23-gdp-growth-may-breach-estimated-7-pc-rbi-governor-11684929259060.html

#ED raids under #FEMA at 25 locations in Delhi, Gujarat, Maharashtra, Madhya Pradesh & Andhra Pradesh in a probe against foreign registered Online Gaming companies/websites operating in India.

https://www.livemint.com/news/ed-raids-25-locations-delhi-gujarat-maharashtra-mp-ap-probe-foreign-registered-online-gaming-companies-11684936043769.html

On its Experiment updates page, #Google revealed that the #AI bot will now provide images along with responses where found relevant.

https://www.livemint.com/technology/tech-news/google-bard-gets-a-new-function-will-now-add-images-to-its-responses-11684926679109.html

#Meta Platforms Inc started carrying out the last batch of a three-part round of #layoffs on Wednesday, as part of a plan announced in March to eliminate 10,000 roles.

https://www.livemint.com/news/world/facebook-owner-meta-starts-final-round-of-layoffs-11684929934354.html

In an interview with Mint, Abhishek Agarwal, Founder & Managing Partner of Rockstud Capital shares his views on the domestic market and the sectors that look attractive for the next one year.

https://www.livemint.com/market/stock-market-news/growth-stocks-to-perform-better-later-this-year-rate-cut-possible-by-fy24-end-abhishek-agarwal-of-rockstud-capital-11684930117716.html

Alphabet and the European Commission aim to develop an #AI pact involving European and non-European companies ahead of rules to govern the technology, EU industry chief Thierry Breton said.

https://www.livemint.com/ai/artificial-intelligence/eu-sundar-pichai-agrees-to-develop-voluntary-ai-pact-ahead-of-new-ai-rules-11684936233043.html

#Opinion | It is widely agreed that India’s economy isn’t generating the number of jobs required by millions of low-skill youngsters.

Governments have been under the impression that ‘welfare’ spending can compensate for these failures.

Read here: https://www.livemint.com/opinion/columns/populism-rural-voters-and-the-economy-the-challenges-facing-india-s-political-parties-ahead-of-2024-lok-sabha-elections-11684863146205.html

Amid record numbers of migrations, the United Kingdom (#UK) Home Office announced new #immigration rules for international students disallowing them to bring their family members with them to the country.

https://www.livemint.com/news/india/uk-visa-international-students-not-allowed-to-bring-family-anymore-read-new-rules-11684933565877.html

India plans to overhaul rules governing use of the internet, potentially altering business practices for #SiliconValley giants operating in the world’s biggest market.

https://www.livemint.com/news/india/govt-plans-sweeping-overhaul-of-digital-law-as-market-swells-11684937013458.html

Republicans are pushing for sharp spending cuts while Democrats are offering to keep spending flat, instead using new taxes to help reduce the federal government's debt.

https://www.livemint.com/news/world/white-house-republicans-to-convene-on-us-debt-ceiling-as-deadline-nears-11684931996334.html

Despite a projected decline in the growth of global technology spending around the world, Indian govt-affiliated bodies & private enterprises are expected to continue spending on various digital transformation initiatives.

https://www.livemint.com/technology/tech-news/amid-global-concerns-it-spends-among-indian-govt-bodies-pvt-enterprises-remain-strong-11684942696205.html

Hindalco reported a 37% year-on-year decline in consolidated net profit to ₹2,411 crore during the January-March quarter compared to ₹3,851 crore net profit in the year-ago quarter.

https://www.livemint.com/companies/news/hindalco-q4-net-profit-beats-estimates-copper-segment-remains-strong-while-weak-global-demand-affects-novelis-volumes-11684944572550.html

#NITIAayog’s governing council summit will see the Prime Minister and chief ministers discuss a plan for India to become a developed nation by 2047, the 100th year of Independence.

https://www.livemint.com/economy/can-india-turn-into-a-developed-nation-by-2047-11684945291497.html

The Indian Space Association has called for reverting to administrative allocation of spectrum for space-based communication services, opposing the telecom department’s proposal to auction the airwaves.

https://www.livemint.com/news/india/ispa-calls-for-administrative-allocation-of-spectrum-for-space-based-communication-services-opposes-auction-11684946144121.html