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
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
mint
Debt ceiling agreement: Biden-McCarthy deal averts Potential default, but concerns linger
The debt ceiling deal reached between President Joe Biden and House Speaker Kevin McCarthy includes a mix of provisions that address various concerns from both sides.
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
https://www.livemint.com/market/stock-market-news/global-market-asian-markets-gain-us-stock-futures-rise-on-us-debt-ceiling-deal-11685323740608.html
mint
Global market: Asian markets gain, US stock futures rise on US debt ceiling deal
The US stock futures also gained in the early Asian trade after the deal to raise the federal debt limit with the contracts for the S&P 500 and Nasdaq 100 rising about 0.5%.
#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
https://www.livemint.com/market/stock-market-news/stocks-to-watch-m-m-reliance-ongc-aurobindo-pharma-maruti-suzuki-11685320188315.html
mint
Stocks to Watch: M&M, Reliance, ONGC, Aurobindo Pharma, Maruti Suzuki
Adani Transmission, HeidelbergCement India, Torrent Power, Force Motors, Essar Shipping, Sobha, and Zee Media Corp will be among the stocks in focus as they will be declaring their March quarter earnings today.
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
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
mint
Q4 results today: Adani Transmission, IRCTC to Sobha - these companies to announce earnings on Monday, May 29
The share of the information technology sector in the overall corporate profits pool plunged to at least a 21-quarter low of 9.7% in the March quarter, a Mint analysis of the latest corporate earnings data showed.
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
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
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#Bitcoin has jumped to more than its two week high amid boost to investor sentiment from the deal on raising the US debt limit.
https://www.livemint.com/market/cryptocurrency/bitcoin-at-two-week-high-post-relief-over-us-debt-ceiling-11685327088897.html
https://www.livemint.com/market/cryptocurrency/bitcoin-at-two-week-high-post-relief-over-us-debt-ceiling-11685327088897.html
mint
Bitcoin at two-week high post relief over US debt ceiling
Bitcoin jumped as much 3.2 per cent on Monday and was trading at $28,182
The share of #IT sector in the overall corporate profits pool plunged to at least a 21-quarter low of 9.7% in the March quarter, a Mint analysis of the latest corporate earnings data showed.
https://www.livemint.com/news/india/indian-it-sector-profits-hit-21-quarter-low-as-global-macroeconomic-uncertainties-and-banking-crisis-take-their-toll-11685297918841.html
https://www.livemint.com/news/india/indian-it-sector-profits-hit-21-quarter-low-as-global-macroeconomic-uncertainties-and-banking-crisis-take-their-toll-11685297918841.html
mint
IT sector’s profit pie drops to 5-year low
The share has declined nearly 3 percentage points in the past year and is sharply down from 34% share in profits in the March 2020 quarter..The topline growth of the sector slowed to 12% from a year earlier from 26.5% in the March 2022 quarter
#Twitter is facing another legal battle as its former public relations firm takes legal action against the social media platform for non-payment of invoices.
Read here: https://www.livemint.com/technology/tech-news/twitter-faces-lawsuit-over-unpaid-bills-by-former-pr-firm-joins-list-of-legal-challenges-heres-what-happened-11685330763737.html
Read here: https://www.livemint.com/technology/tech-news/twitter-faces-lawsuit-over-unpaid-bills-by-former-pr-firm-joins-list-of-legal-challenges-heres-what-happened-11685330763737.html
The Indian Space Research Organisation (#ISRO), launches its advanced navigation satellite #GSLVF12 and #NVS01 on Monday.
This spacecraft is part of the NavIC series, a constellation of satellites designed to enhance monitoring and navigation capabilities.
Read here: https://www.livemint.com/news/india/isro-launches-gslv-f12-navigation-missile-11685335794306.html
This spacecraft is part of the NavIC series, a constellation of satellites designed to enhance monitoring and navigation capabilities.
Read here: https://www.livemint.com/news/india/isro-launches-gslv-f12-navigation-missile-11685335794306.html
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When the Indian summer sucks your energy, cool drinks & juices offer an oasis of relief. 🧃🥤
But many popular ones could breach your full-day sugar limit with a single pack, shows a Mint analysis.
Read here: https://www.livemint.com/companies/news/how-healthy-is-your-favourite-fruit-drink-11684861372429.html
But many popular ones could breach your full-day sugar limit with a single pack, shows a Mint analysis.
Read here: https://www.livemint.com/companies/news/how-healthy-is-your-favourite-fruit-drink-11684861372429.html
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#Nvidia Corp. Co-founder & CEO Jensen Huang said that firms & individuals should familiarize themselves with artificial intelligence or they would risk losing out.
https://www.livemint.com/news/world/run-dont-walk-says-nvidia-ceo-on-ai-adoption-by-companies-individuals-11685323936307.html
https://www.livemint.com/news/world/run-dont-walk-says-nvidia-ceo-on-ai-adoption-by-companies-individuals-11685323936307.html
mint
'Run, don't walk' says Nvidia CEO on AI adoption by companies, individuals
Nvidia Corp's CEO Huang said that artificial intelligence will transform the corporate landscape and change every single job
#PersonalFinance | Here we list out the top 4 money deadlines that you should complete in June 2023
https://www.livemint.com/money/panaadhaar-linking-to-higher-eps-pension-four-money-deadlines-that-you-cant-afford-to-miss-by-this-date-read-here-11685345363012.html
https://www.livemint.com/money/panaadhaar-linking-to-higher-eps-pension-four-money-deadlines-that-you-cant-afford-to-miss-by-this-date-read-here-11685345363012.html
mint
PAN-Aadhaar linking to higher EPS pension: Four money deadlines that you can't afford to miss by this date
Here we list out the top 4 money deadlines that you should complete next month
India’s steel demand is set for a 7% to 9% surge in the 2024 fiscal year, driven by government infrastructure spending & robust domestic consumption, India Ratings and Research said.
https://www.livemint.com/news/india/indra-predicts-7-9-surge-in-india-s-steel-demand-by-2024-fiscal-year-driven-by-infrastructure-spending-and-domestic-consumption-11685355582615.html
https://www.livemint.com/news/india/indra-predicts-7-9-surge-in-india-s-steel-demand-by-2024-fiscal-year-driven-by-infrastructure-spending-and-domestic-consumption-11685355582615.html
mint
Steel demand to surge 7-9% in FY24 on govt infra boost, export recovery: Report
India Ratings’ forecast marks a bullish outlook for the sector, buoyed by an expected demand boost from election-driven government projects, and the end-user industries including construction, automobile manufacturing, and engineering.
Singapore state-investment company #Temasek Holdings said it has cut the compensation of its senior management and a team that led it to invest $275 million in crypto exchange #FTX.
https://www.livemint.com/specials/singapores-temasek-cuts-senior-managers-pay-after-ftx-losses-11685356395162.html
https://www.livemint.com/specials/singapores-temasek-cuts-senior-managers-pay-after-ftx-losses-11685356395162.html
mint
Singapore’s Temasek Cuts Senior Managers’ Pay After FTX Losses
State-investment company says senior management, an investment team took collective accountability for the ill-fated $275 million investment
The Jet engine manufacturer #RollsRoyce is planning to layoff thousands of its workers to streamline its operations.
The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said. #Layoffs2023
Read here: https://www.livemint.com/companies/news/rollsroyce-to-cut-thousands-of-jobs-report-says-11685286503597.html
The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said. #Layoffs2023
Read here: https://www.livemint.com/companies/news/rollsroyce-to-cut-thousands-of-jobs-report-says-11685286503597.html
The #artificialintelligence revolution is being likened by #Google’s chief executive to humanity’s harnessing of fire.
Now if only the industry could secure the digital kindling to fuel it.
https://www.livemint.com/specials/the-ai-boom-runs-on-chips-but-it-can-t-get-enough-11685358707312.html
Now if only the industry could secure the digital kindling to fuel it.
https://www.livemint.com/specials/the-ai-boom-runs-on-chips-but-it-can-t-get-enough-11685358707312.html
mint
The AI Boom Runs on Chips, but It Can’t Get Enough
‘It’s like toilet paper during the pandemic.’ Startups, investors scrounge for computational firepower.
Does it make a difference if you dictate rather than type your query for an online search?
https://www.livemint.com/technology/why-you-should-dictate-your-search-not-type-it-11685358765308.html
https://www.livemint.com/technology/why-you-should-dictate-your-search-not-type-it-11685358765308.html
mint
Why You Should Dictate Your Search, Not Type It
A study finds that people get better results when they speak rather than type
#RealEstate developers in India should rely more on financing from the banking system rather than depending heavily on homeowners’ investments, the ministry of housing and urban affairs said.
https://www.livemint.com/news/india/indian-real-estate-should-rely-more-on-financing-from-banks-says-ministry-of-housing-and-urban-affairs-in-new-delhi-11685359066882.html
https://www.livemint.com/news/india/indian-real-estate-should-rely-more-on-financing-from-banks-says-ministry-of-housing-and-urban-affairs-in-new-delhi-11685359066882.html
mint
Real estate sector needs to tap finance from banking system not homebuyers: Housing ministry
Joshi highlighted the banking sector’s cautious approach to investing in real estate and suggested a market-based borrowing system would differentiate between good and bad borrowers.
#Gold prices softened by ₹110 to ₹59,965 per 10 grams in the national capital on May 29 amid a fall in the metal's prices overseas, according to HDFC Securities.
https://www.livemint.com/market/commodities/gold-prices-soften-on-us-debt-limit-deal-check-latest-rates-here-11685357191912.html
https://www.livemint.com/market/commodities/gold-prices-soften-on-us-debt-limit-deal-check-latest-rates-here-11685357191912.html
mint
Gold prices soften on US debt limit deal; check latest rates here
On Multi Commodity Exchange (MCX), gold futures due for a June 5 delivery, were last seen trading higher by ₹130 44 - or 0.22 per cent - at ₹59,483, having swung between ₹59,271 and ₹59,539 during the session so far.
The green push by the U.S. and state governments is turning trash into treasure and boosting the firms that handle America’s garbage.
https://www.livemint.com/companies/wall-street-s-next-big-play-is-garbage-11685358358492.html
https://www.livemint.com/companies/wall-street-s-next-big-play-is-garbage-11685358358492.html
mint
Wall Street’s Next Big Play Is Garbage
Landfill firms are investing in trash-gas production and recycling technology
#HCL Technologies Ltd has sued Atos SE in a US court, accusing the French IT services company of copyright infringement on two of the eight products it had bought from International Business Machines Corp.
https://www.livemint.com/companies/news/hcl-technologies-sues-atos-for-copyright-infringement-on-ibm-products-seeks-132-4-million-in-damages-11685383248240.html
https://www.livemint.com/companies/news/hcl-technologies-sues-atos-for-copyright-infringement-on-ibm-products-seeks-132-4-million-in-damages-11685383248240.html
mint
HCL drags Atos to court on copyright infringement
The Noida-based company is seeking $132.4 million in damages from Atos, a copy of its court petition showed