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

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

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

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

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

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

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

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

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

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

#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

#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

#PersonalFinance | A recipient of a gift is required to pay tax if the aggregate of all the gifts received during one financial year exceeds fifty thousand rupees in a year.

https://www.livemint.com/money/personal-finance/how-income-tax-rule-implies-on-gifts-given-from-ppf-maturity-amount-11685164563766.html

#Nepal’s PM Pushpa Kamal Dahal ‘Prachanda’ will visit India from 31 May to 3 June. This will be Prachanda’s first bilateral visit abroad since he took office in December 2022.

https://www.livemint.com/news/india/nepal-prime-minister-to-visit-india-11685269988765.html

#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

Despite mixed global cues, Indian stock market closed higher for second straight session on Friday.

https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-29th-may-11685321857014.html

Both sides can point to some victories in the debt ceiling deal reached between President Joe Biden and House Speaker Kevin McCarthy.

But some conservatives already are expressing concerns that the compromise doesn’t cut future deficits enough.

https://www.livemint.com/economy/debt-ceiling-agreement-biden-mccarthy-deal-averts-potential-default-but-concerns-linger-11685320986183.html

Asian markets traded mostly higher Monday on improved risk appetite following the deal between US President Joe Biden and House Speaker Kevin McCarthy to raise the debt ceiling.

https://www.livemint.com/market/stock-market-news/global-market-asian-markets-gain-us-stock-futures-rise-on-us-debt-ceiling-deal-11685323740608.html

#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-m-m-reliance-ongc-aurobindo-pharma-maruti-suzuki-11685320188315.html

The Indian benchmark equity indices rallied over a percent Friday led by sustained foreign funds inflow amid positive global and domestic cues.

https://www.livemint.com/market/stock-market-news/q4-results-today-adani-transmission-irctc-to-sobha-these-companies-to-announce-earnings-on-monday-may-29-11685325462897.html

India’s outbound #travellers 🛍 ✈ have something to cheer about, now that the finance ministry has relaxed the new #tax collected at source (TCS) rules on foreign spending.

The rules, which come into effect from 1 July, earlier stipulated 20% TCS on all types of international transactions.

Read here: https://www.livemint.com/money/personal-finance/india-relaxes-tax-rules-for-outbound-travellers-exempts-credit-and-debit-card-transactions-up-to-inr7-lakh-from-tcs-11685292589341.html