#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

#Byju's continues to #layoff employees as part of their cost cutting.

On Monday the edtech company was reported to have laid off around 1,000 employees in the past few days.

https://livemint.com/companies/news/byjus-laid-off-employee-shares-ordeal-on-linkedin-says-was-available-24-7-but-was-asked-to-resign-immediately-11687253256543.html

In a report by PwC, Indian companies are showing an upward trend toward adopting analytics and #AI with a current implementation rate of 54%.

https://www.livemint.com/technology/tech-news/manufacturing-sector-embraces-ai-54-of-firms-implement-artificial-intelligence-pwc-report-11687252449668.html

Some of the tech industry’s most prominent investors are doubling down on one of #SiliconValley’s latest unicorns: a mining startup.

https://www.livemint.com/specials/silicon-valley-s-newest-unicorn-is-a-mining-company-11687254633696.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

#PersonalFinance | The latest tranche of sovereign gold bonds (#SGB) opened for subscription on 19 June.

Investors can invest in SGBs through their demat accounts or via online banking.

https://www.livemint.com/money/personal-finance/sovereign-gold-bond-scheme-2023-24-sbi-lists-out-six-reasons-to-invest-in-these-gold-bonds-know-here-11687246252909.html

While the Dalal Street's wait is excruciatingly getting extended for one or the other reason, the #NSE shares are witnessing significant activity in the unlisted market.

https://www.livemint.com/market/ipo/nse-ipo-creates-buzz-in-unlisted-market-shows-the-investor-interest-in-issue-11687254813352.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

#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

InterGlobe Aviation Ltd is getting ready to capture the growth opportunity.

Its plans to expand its fleet come at a time when there are concerns about the supply scenario in the Indian #aviation market.

https://www.livemint.com/market/mark-to-market/indigos-fleet-expansion-plans-boost-market-sentiment-amid-supply-concerns-global-engine-crisis-11687276959072.html

The National Bank for Financing Infrastructure and Development (NaBFID) said it has listed its maiden bonds on BSE and National Stock Exchange.

https://www.livemint.com/companies/news/nabfid-lists-10k-cr-maiden-bonds-en-route-to-50k-cr-aim-11687274395004.html

Investment firm KKR has agreed to purchase up to 40 billion euros ($43.71 billion), of PayPal's buy now, pay later (BNPL) loans in Europe, the payments company said on June 20.

https://www.livemint.com/companies/kkr-to-buy-nearly-44-billion-of-paypals-buy-now-pay-later-loans-in-europe-report-11687268042158.html

The gargantuan orders by the Indian #aviation companies is seen as an effort to keep up with the world's fastest-growing aviation market, serving the largest population.

https://www.livemint.com/news/india/india-likely-to-shine-with-yet-another-big-jet-deal-at-paris-air-show-but-experts-warn-11687268884135.html

InterGlobe Aviation Ltd is getting ready to capture the growth opportunity.

Its plans to expand its fleet come at a time when there are concerns about the supply scenario in the Indian #aviation market.

https://www.livemint.com/market/mark-to-market/indigos-fleet-expansion-plans-boost-market-sentiment-amid-supply-concerns-global-engine-crisis-11687276959072.html

Peak XV Partners said it has led a $10 million Series A round of funding in space startup Digantara, its first investment announcement after separating from Sequoia Capital.

https://www.livemint.com/companies/news/peak-xv-backs-digantara-in-first-ever-space-investment-11687279201431.html

#Hiring by India Inc. sank to a two-year low in the June quarter, even slipping to the lows of early 2020 for some recruitment firms when the country was hit by the first wave of the pandemic.

https://www.livemint.com/companies/news/hiring-drops-to-2-year-low-in-june-qtr-as-cos-turn-cautious-11687279877320.html

Tata Motors Ltd is shifting focus towards profitability and strengthening its position in the larger pick-up truck segment, as it struggles to maintain the lead it enjoyed until a few months ago.

https://www.livemint.com/companies/news/tata-motors-truck-biz-puts-profitability-first-11687280046087.html

"It was excellent and a very good conversation," #Musk said after meeting with PM #Modi, adding that he is planning to visit #India next year.

Read here: https://www.livemint.com/companies/news/tesla-to-be-in-india-as-soon-as-humanly-possible-elon-musk-11687302142284.html

During his time in #NewYork, Prime Minister #NarendraModi had insightful meetings with prominent personalities.

https://www.livemint.com/news/india/pm-modi-us-visit-key-highlights-from-meeting-elon-musk-to-sharing-international-yoga-day-message-what-happened-so-far-11687313037469.html