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

Investor Basant Maheshwari has hinted at a possible bubble in the #artificialintelligence (AI) sector in the US.

In his BM Equity Report, Maheshwari advised investors to participate in potential bubbles rather than fear them.

https://www.livemint.com/market/stock-market-news/are-we-in-an-artificial-intelligence-bubble-basant-maheshwari-says-bubble-phase-a-good-opportunity-to-make-money-11686551348378.html

Judging purely by the steady stream of Western executives crossing the Pacific, #China is picking up where it left off before the onset of Covid-19.

https://www.livemint.com/companies/is-doing-business-in-china-becoming-impossible-for-foreigners-11686543331388.html

Former Italian Prime Minister #SilvioBerlusconi has passed away at the age of 86 after battling serious health issues that led to his hospitalisation in recent months.

He was first hospitalised in 2020 for a lung infection after contracting COVID-19.

Read here: https://www.livemint.com/news/world/silvio-berlusconi-former-italian-pm-dies-at-86-11686560556562.html

Four-time Italian prime minister and billionaire media tycoon #SilvioBerlusconi, who died today at the age of 86, never publicly indicated who should lead his business empire after his death.

https://www.livemint.com/news/silvio-berlusconi-dies-who-will-take-over-ex-italian-pms-business-empire-11686562245000.html

The steel industry is witnessing robust domestic demand but facing significant challenges in terms of exports, according to a comprehensive report released by CareEdge Advisory & Research.

https://www.livemint.com/industry/manufacturing/steel-industry-sees-strong-domestic-demand-but-significant-export-challenges-report-11686566747078.html

India's consumer price index (#CPI) inflation eased sharply to 4.25% in May 2023 - hitting a 25-month low & also coming in below RBI's upper tolerance limit for the third straight month.

Read here: https://www.livemint.com/economy/at-4-25-retail-inflation-hits-25-month-low-in-may-2023-falls-below-rbis-upper-tolerance-limit-for-2-months-in-a-row-11686570443719.html

The index of industrial production (#IIP) in India rose 4.2% on an annual basis in the month of April from 1.1% in March and 6.7% in April 2022.

India's industrial production growth slipped to a five-month low of 1.1% in March. The previous lowest level of growth was recorded in October 2022 at a contraction of 4.1%

Read here: https://www.livemint.com/news/india/indias-industrial-production-up-4-2-in-april-from-1-1-in-march-11686571803962.html

Sebi's directions come after the regulator found that #SubhashChandra and #PunitGoenka siphoned off funds for their own benefits from their listed entity #ZEEL.

Read here: https://www.livemint.com/companies/news/sebi-bans-subhash-chandra-punit-goenka-from-holding-directorial-key-managerial-roles-over-siphoning-of-funds-at-zee-11686584079121.html

#MintCharts | Data compiled by Surfshark suggests that #India has been one of the biggest victims of data breaches since 2020.

Earlier in the day, reports suggested that #CoWIN platform had been compromised. However, the Centre has denied the claims and said the platform was safe.

Indian stocks broke two days losing streak on Monday as two out of three benchmark indices ended higher following positive global market cues ahead of key #inflation data.

https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-13th-june-11686617774887.html

Following strong global cues ahead of key inflation data, Indian #stockmarket witnessed some buying interest and two out of three key benchmark indices finished in green territory on Monday.

https://www.livemint.com/market/stock-market-news/day-trading-guide-for-stock-market-today-buy-or-sell-dividend-stocks-to-f-o-ban-list-key-details-here-11686621135162.html

Sebi barred #Zee Entertainment Enterprises Ltd promoters #SubhashChandra & son #PunitGoenka from holding key roles, including board positions and top executive positions, in any publicly traded company.

https://www.livemint.com/companies/news/sebi-bars-chandra-son-punit-from-holding-key-posts-11686596050954.html

#PersonalFinance | Any individual can draft a #will that outlines how they would like their assets to be distributed after their deaths.

Having a will can simplify the inheritance process for family members of the deceased and spares them from lengthy and costlier legal procedures.

Read here: https://livemint.com/money/personal-finance/importance-of-a-will-in-financial-planning-guidelines-for-drafting-a-will-mint-interview-with-rishabh-shroff-11686591315651.html

#Opinion | India’s drug regulators—whose authority is divided between the federal & state governments—need to work harder to raise their standards to those prevailing in the Western world.

Read here: https://www.livemint.com/opinion/columns/india-ought-to-work-far-harder-at-being-the-world-s-pharmacy-11686592081507.html

The cost of a 24-hour advance purchase #airfare for a non-stop flight from #Delhi to #Mumbai, which is currently priced at approximately ₹14,000, is considered one of the highest domestic fares globally.

https://www.livemint.com/news/india/delhimumbai-airfares-soar-to-14-000-ranking-among-the-worlds-highest-11686623885212.html

‘Outright lie’ by #JackDorsey: Rajeev Chandrashekhar reacts to claim of India threatening to shut down #Twitter.

Here is his full statement

https://www.livemint.com/news/india/outright-lie-by-jack-dorsey-rajeev-chandrashekhar-reacts-to-claim-of-india-threatening-to-shut-down-twitter-11686626460027.html

#China's central bank lowered a short-term lending rate for the first time in 10 months, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world's second-largest economy.

https://www.livemint.com/news/world/china-cuts-short-term-borrowing-costs-as-economy-slows-peoples-bank-of-china-11686628010606.html

#Sebi has banned Subhash Chandra, chairman of Essel Group & Punit Goenka, the CEO of #Zee Entertainment Enterprises (ZEEL) from holding a director or Key Managerial Personnel in any listed company or its subsidiaries until further orders.

Sebi's directions come after the regulator found that Subhash Chandra & Punit Goenka siphoned off funds for their own benefits from their listed entity ZEEL.

Read here: https://www.livemint.com/companies/news/sebi-bans-subhash-chandra-punit-goenka-from-holding-directorial-key-managerial-roles-over-siphoning-of-funds-at-zee-11686584079121.html