Mint Business News - Official Channel
115K subscribers
10.7K photos
339 videos
7 files
20.3K links
News and analysis from the world of business and finance.

For more, visit
www.livemint.com
Download Telegram
According to the study, in Indian unicorns, 96% of CFOs are men and only 4% of women account for this job role.

In the US, 83% CFOs of unicorns are men while only 17% are women.

Read here: https://www.livemint.com/companies/start-ups/gender-gap-in-indian-unicorns-96-of-cfos-are-men-4-women-11687150804787.html
Consumers are exercising caution before purchasing clothing and accessories, as higher prices of daily goods are constraining their discretionary spending, said industry insiders.

https://www.livemint.com/companies/news/inflation-hits-spending-power-fashion-outlets-11687195104688.html
The resumption of overseas releases in non-diasporic markets is boosting the reach of Indian cinema.

Read here: https://www.livemint.com/industry/media/indian-mega-hit-movies-make-inroads-into-overseas-markets-11687194489544.html
#AlibabaGroup Holding Ltd. announces new Chairman and CEO, with Executive Vice Chairman Joseph Tsai as chairman and Eddie Wu as CEO, replacing Daniel Zhang.

Read here: https://livemint.com/companies/news/alibaba-group-announces-new-chairman-and-ceo-in-a-surprise-succession-plan-details-here-11687236495946.html
#Opinion | "Many women prefer working from home, not because it is easy, but they need flexibility to manage home and office work," Vidya Mahambare writes.

Read here: https://www.livemint.com/opinion/columns/companies-must-strive-to-retain-productive-women-employees-11687196932069.html
"This donation is more than just a financial contribution; it is a tribute to the place that has given me so much and a commitment to the students who will shape our world tomorrow," #Infosys co-founder #NandanNilekani said.

Read here: https://www.livemint.com/news/india/nandan-nilekani-donates-inr-315-crores-to-iit-bombay-11687242542103.html
The legislative assembly of Punjab passed the #Sikh Gurdwaras (Amendment) Bill, 2023 making the broadcast and telecast of '#Gurbani' from Sri Harmandir Sahib (Golden Temple) free for all.

'Gurbani' refers to compositions of Sikh Gurus and other writers of Guru Granth Sahib, usually enshrined as hymns within the holy scripture. #SikhGurdwaraAct

Read here: https://www.livemint.com/news/india/golden-temple-gurbani-bill-for-free-telecast-passed-in-punjab-assembly-11687249961221.html
#Turkey raised the minimum wage for a second time this year, aiming to shield low-income earners from persistently high inflation.

The monthly net minimum wage will rise by 34% to 11,402 liras ($483) this month, Labor Minister Vedat Isikhan said in televised comments from the parliament in Ankara.

Read here: https://www.livemint.com/news/turkey-raises-minimum-wage-by-34-to-11-402-lira-in-second-hike-in-a-year-11687254173993.html
Union government appointed Swaminathan Janakiraman as a deputy governor of the Reserve Bank of India for three years from the date of joining.

Janakiraman, currently the managing director of State Bank of India, will succeed Mahesh Kumar Jain, whose tenure ends on June 22.

Read here: https://www.livemint.com/companies/people/govt-appoints-sbi-md-swaminathan-janakiraman-as-deputy-governor-of-the-reserve-bank-of-india-11687256737211.html
Edtech unicorn #Byju’s has laid off around 1,000 employees in the past few days amid a tussle with lenders and a challenging fundraising environment.

With the latest job cuts, the fourth in the last 12 months, 12,000-13,000 Byju’s staffers have lost jobs.

Read here: https://www.livemint.com/companies/start-ups/byjus-lays-off-1-000-staff-in-latest-round-of-job-cuts-11687199375899.html
#BREAKING | Tata Group owned #AirIndia signed the purchase agreements to buy 470 aircraft from Airbus and Boeing.

The agreement was signed on the second day of ongoing #ParisAirShow2023.

Read here: https://www.livemint.com/companies/news/after-indigo-air-india-buys-470-aircraft-from-airbus-boeing-at-paris-air-show-11687271883389.html
👍1
#HunterBiden, the son of President #JoeBiden, is facing charges for allegedly failing to pay federal income tax.

He has also been charged for illegally possessing a weapon and has reached an agreement with the Justice Department.

Read here: https://www.livemint.com/news/joe-biden-son-hunter-agrees-to-plead-guilty-to-criminal-tax-violations-11687269374271.html
The valuation of #AdaniGroup's eight companies more than halved in the six months to April 2023 against just a 6% decline in the top 500 non-government companies.

#AdaniTotalGas lost 73.8% of its value, #AdaniTransmission saw a decline of 69.2%, while #AdaniGreenEnergy was down by 54.7%, said a report by Axis Bank's Burgundy Private and Hurun India.

Read here: https://www.livemint.com/market/stock-market-news/adani-group-firms-valuation-halves-against-6-decline-for-top-500-companies-report-11687269439747.html