With #EVs currently representing only about 1% of all vehicles in the #US, according to the Energy Department, the scale of the challenges ahead is mind boggling.
https://www.livemint.com/auto-news/why-america-isn-t-ready-for-the-ev-takeover-11686373600775.html
https://www.livemint.com/auto-news/why-america-isn-t-ready-for-the-ev-takeover-11686373600775.html
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Why America Isn’t Ready for the EV Takeover
Software glitches, inaccurate range estimates and clunky charging options all limit adoption
#Netflix’s long-awaited crackdown on password-sharing in the #US delivered a windfall of new subscribers in its earliest days, according to new data, a sign that the move is bearing fruit despite being unpopular with many users.
https://www.livemint.com/companies/news/netflix-subscriptions-jump-as-u-s-password-sharing-crackdown-begins-11686375428343.html
https://www.livemint.com/companies/news/netflix-subscriptions-jump-as-u-s-password-sharing-crackdown-begins-11686375428343.html
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Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins
Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019
Indian indices settled almost flat for the second consecutive week amid mixed cues.
The beginning was subdued but buying in select heavyweights in the middle tried to change the tone.
https://www.livemint.com/market/stock-market-news/stock-market-triggers-us-fed-policy-iip-cpi-among-factors-that-may-drive-sensex-nifty-this-week-11686415667390.html
The beginning was subdued but buying in select heavyweights in the middle tried to change the tone.
https://www.livemint.com/market/stock-market-news/stock-market-triggers-us-fed-policy-iip-cpi-among-factors-that-may-drive-sensex-nifty-this-week-11686415667390.html
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Stock market triggers: US Fed policy, IIP, CPI, among factors that may drive Sensex, Nifty this week
Indian indices will be affected by US Fed policy, macroeconomic data like IIP data, CPI Inflation and WPI would affect it next week.
Foreign portfolio investors have remained net buyers in in Indian equities in June and in the year so far, while it pumped in over ₹43,000 crore in Indian equities in May.
https://www.livemint.com/market/stock-market-news/fpis-inflow-over-rs-9-700-crore-in-june-so-far-can-this-momentum-continue-11686395954272.html
https://www.livemint.com/market/stock-market-news/fpis-inflow-over-rs-9-700-crore-in-june-so-far-can-this-momentum-continue-11686395954272.html
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FPIs inflow over ₹9,700 crore in June so far, can this momentum continue?
FPIs inflow in Indian equities comes to ₹9,788 crore in June, while in May, FPIs invested ₹43,838 crore highest since November last year.
The approval for establishing the compound semiconductors and display fabs assembly and test units, under the Ministry of Electronics and IT's PLI scheme, will now be issued by the Cabinet.
https://www.livemint.com/economy/meity-tweaks-pli-scheme-for-semiconductor-making-approvals-to-require-cabinet-nod-11686415701523.html
https://www.livemint.com/economy/meity-tweaks-pli-scheme-for-semiconductor-making-approvals-to-require-cabinet-nod-11686415701523.html
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MeITY tweaks PLI scheme for semiconductor making, approvals to require Cabinet nod
Earlier, the MeITY Secretary was responsible for granting the approvals for applications valued up to ₹100 crore, while those exceeding this threshold were evaluated by the Union Minister for Electronics and IT.
“India keeps dominating the digital payment landscape! With innovative solutions and widespread adoption, we're leading the way towards a cashless economy," tweeted MyGovIndia.
Read here: https://www.livemint.com/news/india/india-tops-in-digital-payments-records-89-5-mn-transactions-says-mygovind-11686405179914.html
Read here: https://www.livemint.com/news/india/india-tops-in-digital-payments-records-89-5-mn-transactions-says-mygovind-11686405179914.html
A study finds that high-performing employees were more affected by #layoffs than low performers.
https://www.livemint.com/specials/when-employees-leave-a-company-others-often-follow-11686409674308.html
https://www.livemint.com/specials/when-employees-leave-a-company-others-often-follow-11686409674308.html
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When Employees Leave a Company, Others Often Follow
A study finds that high-performing employees were more affected by layoffs than low performers
#Socialmedia exposure—designed to maximize user engagement—can overstimulate reward centres in the brain &, when the stimulation becomes excessive, can trigger pathways comparable to addiction.
https://www.livemint.com/technology/the-case-for-banning-tiktok-snapchat-and-instagram-for-kids-under-16-11686372692836.html
https://www.livemint.com/technology/the-case-for-banning-tiktok-snapchat-and-instagram-for-kids-under-16-11686372692836.html
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The Case for Banning TikTok, Snapchat and Instagram for Kids Under 16
Doctors and policy makers say that 13 is too young for social media
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Britain's former PM & the centre of "partygate' scandal, Conservative Party leader #BorisJohnson sprung a ‘surprise’ resignation on the Prime Minister #RishiSunak government.
Read here: https://www.livemint.com/politics/news/boris-johnson-resignation-triggers-immediate-by-election-what-this-means-for-pm-rishi-sunak-conservative-party-11686472831948.html
Read here: https://www.livemint.com/politics/news/boris-johnson-resignation-triggers-immediate-by-election-what-this-means-for-pm-rishi-sunak-conservative-party-11686472831948.html
#FederalReserve officials are ready to take a breather after more than a year of driving up interest rates, a move that’s likely to be accompanied by a strong signal that they’re prepared to keep hiking if needed.
https://www.livemint.com/economy/as-fed-signals-rate-pause-powell-will-have-to-placate-hawks-11686515602435.html
https://www.livemint.com/economy/as-fed-signals-rate-pause-powell-will-have-to-placate-hawks-11686515602435.html
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As Fed signals rate pause, Powell will have to placate hawks
Policymakers are expected to leave rates in a range of 5% to 5.25% at their June 13-14 meeting, allowing them to take stock of the outlook following recent strains in the banking sector
Following disappointing inflation readings from China, Indian #stockmarket extended its weakness for second straight session on Friday.
https://www.livemint.com/market/stock-market-news/buy-or-sell-anuj-gupta-of-iifl-securities-recommends-five-stocks-to-buy-today-12th-june-11686531490879.html
https://www.livemint.com/market/stock-market-news/buy-or-sell-anuj-gupta-of-iifl-securities-recommends-five-stocks-to-buy-today-12th-june-11686531490879.html
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Buy or sell: Anuj Gupta recommends five stocks to buy today — 12th June | Stock Market News
Buy or sell stocks: Anuj Gupta of IIFL Securities has recommended five stocks to buy today — BEL, Balrampur Chini, Ujjivan SFB, Paytm and IRCTC
The US Federal Reserve is expected to keep interest rates unchanged in its June 13-14 meeting, according to economists polled by Reuters.
https://www.livemint.com/market/stock-market-news/global-market-sgx-nifty-cpi-inflation-to-us-fed-key-triggers-for-indian-stock-market-11686532995733.html
https://www.livemint.com/market/stock-market-news/global-market-sgx-nifty-cpi-inflation-to-us-fed-key-triggers-for-indian-stock-market-11686532995733.html
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Global market: SGX Nifty, CPI inflation to US Fed, key triggers for Indian stock market
SGX Nifty was trading 74.5 points, or 0.40%, higher at 18,684.5, indicating a positive start for the Indian indices.
On account of disappointing #inflation data from #China, Indian stock market extended sell off for seconds straight session on Friday.
https://www.livemint.com/market/stock-market-news/day-trading-guide-for-today-six-buy-or-sell-stocks-for-monday-june-12-11686534727649.html
https://www.livemint.com/market/stock-market-news/day-trading-guide-for-today-six-buy-or-sell-stocks-for-monday-june-12-11686534727649.html
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Day trading guide for today: Six buy or sell stocks for Monday — June 12 | Stock Market News
Day trading stocks: Market experts have recommended six stocks to buy today — IndusInd Bank, Power Grid, Redington, Raymond, Cipla and AU Small Finance Bank
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#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-sbi-icici-lombard-cyient-allcargo-tvs-motors-go-fashion-11686529334630.html
https://www.livemint.com/market/stock-market-news/stocks-to-watch-sbi-icici-lombard-cyient-allcargo-tvs-motors-go-fashion-11686529334630.html
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Stocks to Watch: SBI, ICICI Lombard, Cyient, Allcargo, TVS Motors, Go Fashion
Both FIIs and DIIs ended the previous week as net buyers with DIIs outperforming FIIs with strong buying on Friday. On June 9, FIIs snapped their three consecutive days of buying streak and offloaded nearly ₹309 crore in Indian equities. On the other hand…
After closure of Q4 results season, #stockmarket investors are eagerly waiting for additional rewards that listed entities have declared during announcement of their quarterly numbers.
https://www.livemint.com/market/stock-market-news/dividend-stocks-icici-lombard-to-cyient-six-shares-to-trade-ex-dividend-today-11686538431845.html
https://www.livemint.com/market/stock-market-news/dividend-stocks-icici-lombard-to-cyient-six-shares-to-trade-ex-dividend-today-11686538431845.html
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Dividend stocks: ICICI Lombard to Cyient — six shares to trade ex-dividend today
Dividend stocks that are going to trade ex-dividend today are Reliance Industrial Infrastructure, Apcotex Industries, Tata Investment Corporation, Indian Bank, ICICI Lombard, Cyient
US companies have announced startling job cuts in May this year, beating the record of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. #Layoffs2023
https://www.livemint.com/news/world/layoffs-loom-in-us-companies-over-80-000-job-cuts-in-may-this-year-11686540345164.html
https://www.livemint.com/news/world/layoffs-loom-in-us-companies-over-80-000-job-cuts-in-may-this-year-11686540345164.html
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Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to Artificial Intelligence in tech sector
US companies announced a record-breaking 80,089 job cuts in May 2023, a 287% increase from the same month last year, according to Challenger, Gray & Christmas. The tech sector saw the highest number of layoffs, with 22,887 jobs cut
The Indian #rupee opened flat to positive against the US dollar on Monday amid weakness in Asian currencies.
The local unit opened at 82.44 a dollar, 2 paise higher as compared to Friday’s close of 82.46.
https://www.livemint.com/market/commodities/rupee-opens-2-paise-higher-at-82-44-against-us-dollar-11686540661497.html
The local unit opened at 82.44 a dollar, 2 paise higher as compared to Friday’s close of 82.46.
https://www.livemint.com/market/commodities/rupee-opens-2-paise-higher-at-82-44-against-us-dollar-11686540661497.html
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Rupee ends 3 paise higher at 82.43 against US dollar
The dollar edged lower as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022
India’s options frenzy rose to a crescendo in May despite regulatory warnings, with #Nifty and #BankNifty options volumes hitting a record 5.64 billion contracts.
https://www.livemint.com/economy/retail-investors-pile-into-options-despite-warnings-11686497526670.html
https://www.livemint.com/economy/retail-investors-pile-into-options-despite-warnings-11686497526670.html
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Retail investors pile into options despite warnings
The jump in index options volumes, in turn, drove total derivatives volumes to a record 5.75 billion contracts in May
Free trade talks between #India & #Israel have hit the skids over the movement of Indian IT professionals & the perception that Israel would stand to gain more from the mismatch in the size of the two economies.
https://www.livemint.com/economy/indiaisrael-free-trade-talks-stalled-over-movement-of-indian-it-professionals-and-mismatched-economies-11686500170051.html
https://www.livemint.com/economy/indiaisrael-free-trade-talks-stalled-over-movement-of-indian-it-professionals-and-mismatched-economies-11686500170051.html
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Impasse in free trade talks as Israeli concerns grow over Indian IT influx
The Indian economy is the world’s fifth largest with a gross domestic product of $3.5 trillion while Israel’s is roughly the size of $500 billion.
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The recent resolution of the debt ceiling debate has cleared a cloud that was hanging over US equity market, but there are risks of growth slowdown.
https://www.livemint.com/market/mark-to-market/the-fii-em-affair-it-s-complicated-11686498458515.html
https://www.livemint.com/market/mark-to-market/the-fii-em-affair-it-s-complicated-11686498458515.html
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A complex affair: Understanding the challenges of foreign investments in emerging markets
Among other factors, recovery in China post lifting of covid lockdowns has been underwhelming and slower-than-anticipated. This is said to have played a role for FIIs while reallocating funds.
Analysts and brokerage firms believe the IT behemoth is well-positioned to withstand the pressure going ahead.
https://www.livemint.com/market/stock-market-news/tcs-well-positioned-to-withstand-weakening-macro-environment-heres-what-motilal-oswal-says-11686543666578.html
https://www.livemint.com/market/stock-market-news/tcs-well-positioned-to-withstand-weakening-macro-environment-heres-what-motilal-oswal-says-11686543666578.html
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TCS well-positioned to withstand weakening macro environment? Here's what top brokerage firms say
Despite a challenging macro environment, TCS' annual report for the financial year 2022-23 showed widespread adoption of digital technologies and increasing penetration of AI and automation.