India said the #WTO panel misinterpreted the regulations in its judgement, urging the Appellate Body to reverse and modify its decision.
https://www.livemint.com/economy/india-contests-wto-panels-decision-on-ict-import-duties-11685098684766.html
https://www.livemint.com/economy/india-contests-wto-panels-decision-on-ict-import-duties-11685098684766.html
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India contests WTO panel's decision on ICT import duties
India said the WTO panel misinterpreted the regulations in its judgement, urging the Appellate Body to reverse and modify its decision
In order to bring the failed US banks afloat, as part of damage control, budget fix for the banks, has led to lay-offs for #SiliconValleyBank (SVB) & #FirstRepublicBank employees, by their buyers- First Citizens Bank and JP Morgan.
Read here: https://www.livemint.com/industry/banking/after-first-citizens-axe-on-svb-jp-morgan-too-layoffs-1-000-first-republic-employees-11685094081797.html
Read here: https://www.livemint.com/industry/banking/after-first-citizens-axe-on-svb-jp-morgan-too-layoffs-1-000-first-republic-employees-11685094081797.html
#AirIndia on 26 May relaxed the new norm related to the accumulation of privilege leaves for those employees retiring in the current and next financial years.
https://www.livemint.com/news/india/air-india-relaxes-pl-norm-for-staff-approaching-retirement-report-11685111857052.html
https://www.livemint.com/news/india/air-india-relaxes-pl-norm-for-staff-approaching-retirement-report-11685111857052.html
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Air India relaxes PL norm for staff approaching retirement: Report
Earlier in March, the the Tata Group-owned carrier had revised its policy related to privilege leaves for both permanent and full-term contract staff to align the policy with prevailing market conditions.
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In a major relief to #ZeeEntertainment Enterprises Ltd, an appeals tribunal on Friday set aside a NCLT order asking stock exchanges to review approvals for its merger with #SonyPictures Networks India.
https://www.livemint.com/news/india/zee-entertainment-s-merger-with-sony-pictures-gets-relief-from-nclat-overturning-nclt-order-on-stock-exchange-approvals-review-11685123720443.html
https://www.livemint.com/news/india/zee-entertainment-s-merger-with-sony-pictures-gets-relief-from-nclat-overturning-nclt-order-on-stock-exchange-approvals-review-11685123720443.html
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NCLAT sets aside tribunal order on Zee, Sony merger
Representing Zee, senior counsel Mukul Rohatgi argued that the company was not given a fair chance to respond to the affidavit filed by the stock exchanges before the NCLT, terming it a violation of the principles of natural justice.
The #TataGroup-backed #AirIndia has decided to relax the leave policy for employees retiring in the next two financial years, as per an internal communication with the employees.
https://www.livemint.com/companies/news/air-india-relaxes-leave-policy-for-retiring-employees-in-next-two-financial-years-improves-it-systems-and-punctuality-11685124083435.html
https://www.livemint.com/companies/news/air-india-relaxes-leave-policy-for-retiring-employees-in-next-two-financial-years-improves-it-systems-and-punctuality-11685124083435.html
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AI relaxes leave policy for retiring employees
The airline has revised its policy with respect to PLs from April 2023 to align the policy with ‘prevailing market conditions’.
CEO Neal Mohan told major TV advertisers during an annual presentation at #NewYorkCity’s Lincoln Center this month that #YouTube is in the middle of a generational shift in video creation and consumption.
https://www.livemint.com/companies/people/the-ceo-of-youtube-has-a-favorite-video-and-a-plan-to-win-over-anyone-watching-tv-11685168447742.html
https://www.livemint.com/companies/people/the-ceo-of-youtube-has-a-favorite-video-and-a-plan-to-win-over-anyone-watching-tv-11685168447742.html
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The CEO of YouTube Has a Favorite Video and a Plan to Win Over Anyone Watching TV
The CEO of YouTube Has a Favorite Video and a Plan to Win Over Anyone Watching TV
As #WhiteHouse negotiators got closer to a debt-ceiling deal with House #Republicans, the griping from congressional #Democrats got louder.
https://www.livemint.com/politics/news/ahead-of-debt-ceiling-deal-some-democrats-point-finger-at-biden-11685171230531.html
https://www.livemint.com/politics/news/ahead-of-debt-ceiling-deal-some-democrats-point-finger-at-biden-11685171230531.html
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Ahead of Debt-Ceiling Deal, Some Democrats Point Finger at Biden
Opponents of emerging agreement say president is giving too much away
The #BSE smallcap index is now flirting with all-time highs. The upswing has been much higher, in specific smallcaps.
https://www.livemint.com/market/stock-market-news/what-to-expect-from-smallcaps-this-year-11685172445562.html
https://www.livemint.com/market/stock-market-news/what-to-expect-from-smallcaps-this-year-11685172445562.html
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What to expect from smallcaps this year
It's good to see small-cap stocks rising. But how long can the rally continue?
The code was written by the industry players themselves and contains over three dozen pledges such as better cooperation with fact-checkers and not promoting actors distributing disinformation.
https://www.livemint.com/technology/tech-news/twitter-leaves-eus-voluntary-pact-on-fighting-disinformation-11685175954435.html
https://www.livemint.com/technology/tech-news/twitter-leaves-eus-voluntary-pact-on-fighting-disinformation-11685175954435.html
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Twitter leaves EU's voluntary pact on fighting disinformation
Launched in 2018, the EU's code of practice on disinformation counts nearly three dozen signatories including the giants in the sector such as Meta, Google, Twitter, Microsoft and TikTok
The rapid rise of generative #AI has created a frenzy on #WallStreet, but investors and strategists say the rush to profit from the new #technology isn’t necessarily a bubble.
https://www.livemint.com/market/stock-market-news/ai-stocks-are-flying-but-don-t-call-the-craze-a-bubble-11685179911309.html
https://www.livemint.com/market/stock-market-news/ai-stocks-are-flying-but-don-t-call-the-craze-a-bubble-11685179911309.html
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AI Stocks Are Flying, but Don’t Call the Craze a Bubble
Nvidia, other tech stocks have added billions of dollars in market value
Amid the tech firms contesting against each other to supersede, #Google is rolling out the beta version of the Magic Compose in Messages by Google app.
https://www.livemint.com/technology/google-rolls-out-beta-version-of-the-magic-compose-in-messages-check-details-11685220930737.html
https://www.livemint.com/technology/google-rolls-out-beta-version-of-the-magic-compose-in-messages-check-details-11685220930737.html
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Google rolls out beta version of the Magic Compose in Messages, check details
The new feature is an artificial intelligence experimental feature to draft messages, however its functionality comes with a conditional cause.
US President #JoeBiden expressed his approval of a preliminary agreement reached on increasing the nation's $31.4 trillion debt ceiling, considering it "an important step forward."
Read here: https://www.livemint.com/news/world/compromise-debt-bill-will-prevent-catastrophic-default-us-president-biden-11685239833167.html
Read here: https://www.livemint.com/news/world/compromise-debt-bill-will-prevent-catastrophic-default-us-president-biden-11685239833167.html
After weeks of negotiations, President #JoeBiden & House Speaker #KevinMcCarthy have announced an “ agreement in principle " to raise the nation’s debt ceiling and avoid a potentially catastrophic default.
https://www.livemint.com/news/world/navigating-the-debt-ceiling-selling-the-plan-and-making-it-a-law-11685249739676.html
https://www.livemint.com/news/world/navigating-the-debt-ceiling-selling-the-plan-and-making-it-a-law-11685249739676.html
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Navigating the debt ceiling: Selling the plan and making it a law
Treasury Secretary Janet Yellen has said the United States could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling.
Largest private sector lender in India, #HDFCBank is a top pick of brokerages after the lender's analyst day which came in after Q4 results of FY23.
https://www.livemint.com/market/stock-market-news/brokerages-recommend-buying-hdfc-bank-shares-hdfc-bank-post-merger-guidance-fy24-outlook-key-highlights-here-11685203713388.html
https://www.livemint.com/market/stock-market-news/brokerages-recommend-buying-hdfc-bank-shares-hdfc-bank-post-merger-guidance-fy24-outlook-key-highlights-here-11685203713388.html
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Brokerages see potential upside of 35% in HDFC Bank's share price; post-merger guidance, FY24 outlook, key factors here
HDFC Bank hosted its analyst day after Q4 results for FY23. The bank is optimistic about FY24, especially after merging HDFC under its ambit. Brokerages have recommended buying HDFC Bank's stock price and see a potential upside from 19-35%.
Prime Minister Narendra Modi inaugurated the new #ParliamentBuilding, and expressed his vision for it to become a symbol of empowerment, fueling aspirations and fostering their realization.
https://www.livemint.com/news/india/pm-modi-envisions-new-parliament-as-a-beacon-of-empowerment-and-dreams-11685251561301.html
https://www.livemint.com/news/india/pm-modi-envisions-new-parliament-as-a-beacon-of-empowerment-and-dreams-11685251561301.html
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PM Modi envisions new Parliament as a beacon of empowerment and dreams
PM Modi envisions new Parliament as a beacon of empowerment and dreams
China's Cyberspace Administration announced that 1.4 million social media posts have been removed after a two-month investigation into various issues, including misinformation, illegal profiteering, and impersonation of state officials.
https://www.livemint.com/technology/tech-news/chinas-cyberspace-regulator-eradicates-1-4-million-misinformation-related-social-media-posts-in-extensive-crackdown-11685252486356.html
https://www.livemint.com/technology/tech-news/chinas-cyberspace-regulator-eradicates-1-4-million-misinformation-related-social-media-posts-in-extensive-crackdown-11685252486356.html
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China's cyberspace regulator eradicates 1.4 million misinformation-related social media posts in extensive crackdown
In an ongoing effort to exert control over its cyberspace, China has undertaken a massive campaign since 2021, specifically targeting billions of social media accounts. The CAC disclosed that it had shut down 67,000 social media accounts and eliminated hundreds…
The global oil market is likely to stay volatile in the coming week as the Organization of Petroleum Exporting Countries and its allies or #OPEC+ is set to consider output levels on its June 4 meeting.
https://www.livemint.com/market/commodities/week-ahead-opec-output-us-debt-ceiling-asia-oil-demand-key-triggers-for-global-oil-market-11685230757294.html
https://www.livemint.com/market/commodities/week-ahead-opec-output-us-debt-ceiling-asia-oil-demand-key-triggers-for-global-oil-market-11685230757294.html
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Week Ahead | OPEC+ output, US debt ceiling, Asia oil demand: Key triggers for global oil market
The market will take further cues from the upcoming meeting of the oil producing cartel even as conflicting messages from Russia and Saudi Arabia's energy minister have kept oil prices on edge.
Indians are rushing to buy more gold against ₹2000 notes which has led to the yellow metal being sold on premiums.
https://www.livemint.com/news/india/physical-gold-sold-at-premiums-due-to-withdrawal-of-rs-2000-banknotes-will-rs-2000-notes-impact-gold-prices-11685199303776.html
https://www.livemint.com/news/india/physical-gold-sold-at-premiums-due-to-withdrawal-of-rs-2000-banknotes-will-rs-2000-notes-impact-gold-prices-11685199303776.html
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₹2000 banknotes withdrawal: Will scrapping of India's highest currency impact gold prices?
A week has passed since RBI scrapped ₹2000 banknotes but did not ban it completely. The withdrawal of the country's highest currency has already started to show its effect especially in gold demand.
Congress leader #RahulGandhi slammed Prime Minister Narendra Modi for the grand opening of the new #ParliamentBuilding saying “prime minister is treating the inauguration as coronation."
https://www.livemint.com/news/india/pm-modi-treating-parliament-inauguration-as-coronation-rahul-gandhi-11685260024167.html
https://www.livemint.com/news/india/pm-modi-treating-parliament-inauguration-as-coronation-rahul-gandhi-11685260024167.html
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PM Modi treating Parliament inauguration as ‘coronation’: Rahul Gandhi
The attack came soon after Prime Minister Narendra Modi inaugurated the new Parliament building.
#OlaElectric CEO Bhavish Aggarwal has announced the commencement of construction at its battery cell gigafactory.
https://www.livemint.com/auto-news/ola-electric-begins-construction-at-its-battery-cell-gigafactory-watch-video-11685181955017.html
https://www.livemint.com/auto-news/ola-electric-begins-construction-at-its-battery-cell-gigafactory-watch-video-11685181955017.html
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Ola Electric begins construction at its battery cell gigafactory: Watch video
The upcoming Ola Electric factory will manufacture battery cells for electric vehicles (EVs) as well as other battery solutions.
#WhatsApp, the widely-used messaging app, is reportedly in the process of developing multiple new features aimed at enhancing user experience.
https://www.livemint.com/technology/tech-news/whatsapp-set-to-enhances-video-calling-experience-with-new-screen-sharing-feature-for-these-users-suggests-report-11685263576790.html
https://www.livemint.com/technology/tech-news/whatsapp-set-to-enhances-video-calling-experience-with-new-screen-sharing-feature-for-these-users-suggests-report-11685263576790.html
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WhatsApp set to enhances video calling experience with new screen sharing feature for these users, suggests report
WhatsApp is developing new features to enhance user experience, including a screen sharing feature for video calls. Android beta testers with version 2.23.11.19 can now easily share their screens during video calls, as reported by WABetaInfo.