Ahead of PM Modi's state visit to Washington, the Biden administration is urging New Delhi to overcome bureaucratic obstacles and expedite a contract for a significant number of armed drones manufactured in the United States.
https://www.livemint.com/news/world/ahead-of-pm-modis-visit-us-urging-india-to-seal-major-armed-drone-deal-report-11686705157576.html
https://www.livemint.com/news/world/ahead-of-pm-modis-visit-us-urging-india-to-seal-major-armed-drone-deal-report-11686705157576.html
mint
Ahead of PM Modi's visit, US urging India to seal major armed drone deal: Report
It is anticipated that discussions between Modi and Biden will also encompass topics such as the co-production of munitions and ground vehicles, including armored personnel carriers, as per the sources.
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-adani-group-tata-motors-m-m-airtel-reliance-ind-indigo-11686702529451.html
https://www.livemint.com/market/stock-market-news/stocks-to-watch-adani-group-tata-motors-m-m-airtel-reliance-ind-indigo-11686702529451.html
mint
Stocks to Watch: Adani Group, Tata Motors, M&M, Airtel, Reliance Ind, IndiGo
FIIs halt their selling bias and made strong buying of nearly ₹1,678 crore in Indian equities on Tuesday after the rate hike possibility was minimized further following the country's 25-month low CPI print. On the other hand, DIIs turned into net sellers…
Wells Fargo & Co, the fourth-largest US bank, expects a rise in net interest income going ahead, according to its Chief Financial Officer Mike Santomassimo.
https://www.livemint.com/market/stock-market-news/wells-fargo-cfo-expects-net-interest-income-to-rise-going-ahead-11686708475833.html
https://www.livemint.com/market/stock-market-news/wells-fargo-cfo-expects-net-interest-income-to-rise-going-ahead-11686708475833.html
mint
Wells Fargo CFO expects net interest income to rise going ahead
Speaking at a conference on Tuesday, Santomassimo said he was confident of an upside in the bank’s net interest income (NII) later this year.
Former US President #DonaldTrump has pleaded not guilty to the 37 criminal charges related to willfully mishandling of classified documents when he left the office & lied to the officials who sought to recover them.
Read here: https://www.livemint.com/news/world/classified-documents-case-donald-trump-pleads-not-guilty-11686685905603.html
Read here: https://www.livemint.com/news/world/classified-documents-case-donald-trump-pleads-not-guilty-11686685905603.html
Google CEO Sundar Pichai has talked about many of his employees leaving the search giant to work for rival companies like #ChatGPT maker #OpenAI.
https://www.livemint.com/technology/tech-news/google-ceo-sundar-pichai-speaks-about-employees-joining-openai-says-some-of-them-come-back-11686705002818.html
https://www.livemint.com/technology/tech-news/google-ceo-sundar-pichai-speaks-about-employees-joining-openai-says-some-of-them-come-back-11686705002818.html
mint
Google CEO Sundar Pichai speaks about employees joining OpenAI, says ‘some of them come back’
Google CEO Sundar Pichai discussed employees leaving for rival companies, the need for cost-cutting, and the risks of AI, including bias and misinformation. Google plans to cut 6% of its workforce due to investor pressure amid the pandemic.
The disinflation process will be “slow and protracted", with the target of 4% being achieved only in the medium-term, Reserve Bank of India (#RBI) governor Shaktikanta Das said.
https://www.livemint.com/news/india/disinflation-process-to-be-slow-says-rbi-11686677785881.html
https://www.livemint.com/news/india/disinflation-process-to-be-slow-says-rbi-11686677785881.html
mint
Disinflation process to be slow, says RBI
Das also said regulators cannot be oblivious to growth concerns “given our population and large addition to the work force every year because of the demographic dividend”.
#MintCharts | Modern workplace jargon can be overwhelming and confusing for #employees.
A recent research conducted by LinkedIn and Duolingo explores how corporate lingo can lead to miscommunication for some and create a sense of isolation.
The majority 81% of those surveyed felt such overwhelming jargons made them feel left out of conversations.
A recent research conducted by LinkedIn and Duolingo explores how corporate lingo can lead to miscommunication for some and create a sense of isolation.
The majority 81% of those surveyed felt such overwhelming jargons made them feel left out of conversations.
The Indian #rupee opened 9 paise higher against the US dollar supported by a weak greenback, easing crude oil prices and foreign fund inflows.
https://www.livemint.com/market/stock-market-news/rupee-rises-9-paise-to-open-at-82-28-against-us-dollar-11686713698132.html
https://www.livemint.com/market/stock-market-news/rupee-rises-9-paise-to-open-at-82-28-against-us-dollar-11686713698132.html
mint
Rupee rises 9 paise to open at 82.28 against US dollar
The dollar fell to near a three-week low to the euro and a one-month low versus sterling, as cooling US inflation cemented the view that the Federal Reserve will skip an interest rate hike.
The government has formulated a new policy on #cybersecurity amid growing incidents of #malware attacks on critical sectors such as hospitals and oil companies.
https://www.livemint.com/technology/govt-prepares-new-cyber-security-policy-to-beat-malware-attacks-11686717816691.html
https://www.livemint.com/technology/govt-prepares-new-cyber-security-policy-to-beat-malware-attacks-11686717816691.html
mint
Govt prepares new cyber security policy to beat malware attacks
The NCRF policy will be aimed at helping critical sectors such as banking, energy and others with a strategic guidance to address cybersecurity concerns
US Ambassador to India Eric Garcetti praises NSA #AjitDoval, describing him as a global asset and acknowledging his remarkable journey from a humble background in Uttarakhand.
https://www.livemint.com/news/world/international-treasure-us-ambassador-garcetti-lauds-nsa-ajit-doval-11686718976316.html
https://www.livemint.com/news/world/international-treasure-us-ambassador-garcetti-lauds-nsa-ajit-doval-11686718976316.html
mint
‘International treasure..,’ US Ambassador Garcetti lauds NSA Ajit Doval
During his two-day visit to India, US National Security Advisor Jake Sullivan held a meeting with his Indian counterpart Ajit Doval to discuss various regional and global matters of shared concern.
The burden of seasonal price increases persisted despite food inflation easing to an 18-month low of 2.91% in May.
Consumer Food Price Index (CFPI) saw the biggest sequential jump in seven months, rising 0.68%.
https://www.livemint.com/news/india/seasonal-price-rise-still-a-worry-11686678316644.html
Consumer Food Price Index (CFPI) saw the biggest sequential jump in seven months, rising 0.68%.
https://www.livemint.com/news/india/seasonal-price-rise-still-a-worry-11686678316644.html
mint
Seasonal price rise still a worry
According to a Mint analysis of data for the last few years, price increases typically follow the onset of summer
Maruti Suzuki is seeking to dial up its niche, premium play in the country’s passenger vehicle market by expanding its portfolio at the top-end, entering the ₹20 lakh price segment for the first time.
https://www.livemint.com/companies/news/maruti-to-unveil-its-costliest-vehicle-mpv-invicto-in-july-11686678349880.html
https://www.livemint.com/companies/news/maruti-to-unveil-its-costliest-vehicle-mpv-invicto-in-july-11686678349880.html
mint
Maruti to unveil its costliest vehicle MPV Invicto in July
The carmaker, which has a more than 60% share of the small car market (under ₹10 lakh), will unveil its latest three-row multi-purpose vehicle (MPV) Invicto, a cross-badged version of Toyota’s Innova HyCross, on 5 July.
Moody’s Investors Service said lower-rated corporates may face higher refinancing risks in the next calendar year as their high-yielding bonds come up for maturity.
https://www.livemint.com/news/india/moodys-warns-lower-rated-indian-corporates-face-higher-refinancing-risks-in-2022-11686678389312.html
https://www.livemint.com/news/india/moodys-warns-lower-rated-indian-corporates-face-higher-refinancing-risks-in-2022-11686678389312.html
mint
‘Refinance risks over low-rated companies’
Nearly half of the $8 billion worth of dollar bonds maturing next year belong to corporates with speculative grade ratings.
#PersonalFinance | According to a report by the Securities and Exchange Board of India (Sebi), the number of individual traders in futures & options (F&O) soared by about 540% from FY19 to FY22.
https://www.livemint.com/money/personal-finance/retail-participation-in-derivatives-market-explodes-during-pandemic-tax-implications-for-f-o-traders-explained-11686674068737.html
https://www.livemint.com/money/personal-finance/retail-participation-in-derivatives-market-explodes-during-pandemic-tax-implications-for-f-o-traders-explained-11686674068737.html
mint
Dabbled in F&Os? Making these tax filing mistakes can cost you dearly
More than 4.5 million people traded in equity F&Os in FY22, and they need to mandatorily file their (ITR) in the current assessment year, irrespective of whether they are individuals with total taxable income below the ₹2.5 lakh exemption limit or are salaried…
#Opinion | India’s economic performance stands out, no doubt, but we still account for only a sliver ofglobal output.
This must rise vastly for us to be a ‘bright spot’ that the world can count on.
https://www.livemint.com/opinion/online-views/our-economic-optimism-needs-a-touch-of-realism-11686677789278.html
This must rise vastly for us to be a ‘bright spot’ that the world can count on.
https://www.livemint.com/opinion/online-views/our-economic-optimism-needs-a-touch-of-realism-11686677789278.html
mint
Our economic optimism needs a touch of realism
India’s economic performance stands out, no doubt, but we still account for only a sliver ofglobal output. This must rise vastly for us to be a ‘bright spot’ that the world can count on
The Food Index has dropped from 173.6 in April 2023 to 172.8 in May 2023 on a monthly basis.
https://www.livemint.com/market/stock-market-news/indias-wholesale-prices-continue-to-drop-falls-to-3-48-in-may-11686725416285.html
https://www.livemint.com/market/stock-market-news/indias-wholesale-prices-continue-to-drop-falls-to-3-48-in-may-11686725416285.html
mint
India's wholesale prices continue to drop, fall by 3.48% in May
India's wholesale prices dropped by 3.48% from May of last year, according to government data released on Wednesday.
#MintSnapView | Policymakers at the municipal level need to recognise the demand that these two-wheeler cabs fulfil, given their ability to navigate narrow, crowded Indian streets.
Read here: https://www.livemint.com/opinion/online-views/why-india-needs-to-let-bike-taxis-thrive-11686724246374.html
Read here: https://www.livemint.com/opinion/online-views/why-india-needs-to-let-bike-taxis-thrive-11686724246374.html
#Ford, like other legacy firms, is trying to reinvent itself to compete in an era of electrification and software-defined vehicles.
https://www.livemint.com/industry/manufacturing/what-tesla-and-other-carmakers-can-learn-from-ford-11686728633672.html
https://www.livemint.com/industry/manufacturing/what-tesla-and-other-carmakers-can-learn-from-ford-11686728633672.html
mint
What Tesla and other carmakers can learn from Ford
The 120-year-old company shows the importance of knowing your limits
#MintExplainer | Union minister for road transport and highways #NitinGadkari recently admitted the goal of halving accidents by 2024 won't be achieved.
https://www.livemint.com/opinion/online-views/mint-explainer-why-has-india-failed-to-reduce-road-accidents-11686736877876.html
https://www.livemint.com/opinion/online-views/mint-explainer-why-has-india-failed-to-reduce-road-accidents-11686736877876.html
mint
Siemens to invest $2.2 billion to ramp up global production
The investment followed Siemens's strategy of combining the real and the digital worlds, Busch said, as well as making products locally.
#MintExplainer | "Few topics have evoked as much interest in recent days as the impending agreement between #GeneralElectric and #HindustanAeronauticsLtd to co-manufacture jet engines in #India."
https://www.livemint.com/opinion/online-views/mint-explainer-why-the-india-us-jet-engine-deal-matters-11686739531244.html
https://www.livemint.com/opinion/online-views/mint-explainer-why-the-india-us-jet-engine-deal-matters-11686739531244.html
mint
Mint Explainer: Why the India-US jet engine deal matters
The GE-HAL deal, which will involve the transfer of sensitive technologies, could mark a decisive shift from past failures
A local court on Wednesday sent #TamilNadu Electricity and Prohibition and Excise Minister #SenthilBalaji, arrested by the #ED in a money laundering probe, to judicial custody till June 28.
Read here: https://livemint.com/politics/tamil-nadu-minister-senthil-balaji-sent-to-judicial-custody-till-june-28-in-money-laundering-case-11686740195162.html
Read here: https://livemint.com/politics/tamil-nadu-minister-senthil-balaji-sent-to-judicial-custody-till-june-28-in-money-laundering-case-11686740195162.html