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

“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

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

#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

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

#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

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

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

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

#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

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

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

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

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

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

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

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

Cheaper stainless #steel imports from #China have flooded the Indian market, leading to small and medium enterprises operating at just 30% of their capacity because of weak demand for local products.

https://www.livemint.com/economy/indian-companies-suffer-as-chinese-steel-floods-market-11686506460522.html

Hungarian-born American investor #GeorgeSoros is handing over control of his $25 billion empire to his 37-year-old son #AlexanderSoros.

He also admitted that he was unwilling to hand over the reins of the Open Society Foundations to any of his five children, but added that 'Alex' had earned it.

Read here: https://livemint.com/companies/people/george-soros-hands-over-reins-of-his-25-billion-empire-to-more-political-son-alex-11686530756440.html

Telcos argued that the lack of testing, monitoring, and regulation of smart meters could make smart grid systems under the National Smart Grid Mission vulnerable to hacking and operational disruptions.

https://www.livemint.com/economy/telcos-push-for-secure-smart-meters-with-licensed-spectrum-11686507579246.html

The Registrars of Companies (RoCs) will sharpen their oversight and enforcement efforts against company law violators later this year as ongoing reforms to cut red tape free them from routine work.

https://www.livemint.com/news/india/indias-registrars-of-companies-to-focus-on-enforcement-as-reforms-cut-red-tape-11681064733082.html