The company has begun closing operations of its automotive unit, #OlxAutos, in certain markets after exploring potential buyers and investors.


https://www.livemint.com/companies/news/olx-group-lays-off-800-employees-worldwide-shuts-down-some-markets-11687328718365.html

Interglobe Aviation, which operates #IndiGo, made history on 19 June by placing an order for 500 aircraft. Four months prior, #AirIndia signed a deal with #Airbus and #Boeing for 470 aircraft.

https://www.livemint.com/opinion/online-views/mint-explainer-is-indian-aviation-headed-for-a-duopoly-11687332753343.html

#Pakistan has banned the celebration of Holi and other Hindu festivals across educational institutions in the country to save the Islamic identity, which it says was “eroding".

Read here: https://www.livemint.com/news/pakistan-bans-holi-other-festivals-across-universities-to-save-islamic-identity-11687340388933.html

Indian budget carrier #AkasaAir has placed an order for four #Boeing737 Max jets, both companies said today, the latest in a spate of orders by the country's airlines.

Read here: https://www.livemint.com/companies/news/akasa-air-adds-four-aircraft-to-support-international-expansion-paris-air-show-11687339188737.html

Retail #inflation for farm workers and rural labourers eased to 5.99% and 5.84%, respectively, in May, the ministry of labour & employment said in a statement.

https://www.livemint.com/economy/retail-inflation-for-farm-workers-and-rural-laborers-eases-in-may-2023-ministry-of-labor-employment-11687343870410.html

President Biden will roll out the red carpet this week for a complicated guest: #NarendraModi, whose country is a vital bulwark against China but whose government has a checkered record on human rights.

https://www.livemint.com/special-report/on-the-menu-for-narendra-modi-u-s-visit-countering-china-11687343510897.html

Alphabet’s cloud business announced the launch of a new #AI-driven anti-money-laundering product.

https://www.livemint.com/technology/google-cloud-launches-anti-money-laundering-tool-for-banks-betting-on-the-power-of-ai-11687344739480.html

Hurun India's 2022 Burgundy Private Hurun India 500 list has placed Mukesh Ambani's #RelianceIndustries Ltd at the top, marking it as the most valuable private company in India.

The report also noted that Tata Consultancy Services (#TCS), & #HDFCBank took second and third place in the list.

Read here: https://www.livemint.com/companies/news/hurun-report-2022-reliance-tops-list-of-most-valuable-private-sector-companies-followed-by-tcs-hdfc-bank-11687340608494.html

Guinness world record for most nationalities in a Yoga session created at the #YogaDay event led by PM Narendra Modi, at the UN headquarters in New York.

#InternationalDayofYoga2023 #PMModiUSVisit

Read here: https://www.livemint.com/news/india/un-hq-event-creates-guinness-world-record-for-people-of-most-nationalities-in-yoga-session-11687354910795.html

The Federal Trade Commission sued Amazon, alleging the retail giant worked for years to enroll consumers without consent into Amazon Prime and made it difficult to cancel their subscriptions to the program.

https://www.livemint.com/news/ftc-sues-amazon-over-manipulative-tactics-used-to-enroll-millions-in-prime-11687362310372.html

Intel said it has agreed to sell roughly 20% of its stake in IMS Nanofabrication to Bain Capital in a deal that valuing the Austria company at about $4.3 billion.

https://www.livemint.com/companies/intel-to-sell-20-stake-in-ims-to-bain-at-4-3-billion-valuation-11687361509443.html

Foreign institutional investors (#FIIs) made a strong buying of more than ₹4,000 crore today in Indian stocks.

Also, domestic institutional investors (DIIs) emerged as net buyers with an investment of over ₹550 crore.

https://www.livemint.com/market/stock-market-news/fiis-pump-in-whopping-rs-4-013-crore-in-indian-stocks-diis-invest-over-rs-550-crore-june-21-trade-11687349440441.html

Advertising-czar #SylvesterdaCunha—who created the lovable #AmulGirl 'utterly butterly' campaign in 1966—is no more. He passed away late Tuesday night in Mumbai.

He was in his 80s and is survived by his wife Nisha, their son Rahul daCunha. He was the brother of the late advertising genius, Gerson daCunha.

Read here: https://www.livemint.com/news/india/sylvester-dacunha-the-man-behind-amul-s-utterly-butterly-girl-dies-11687355946371.html

#US President #JoeBiden and First Lady #JillBiden on Wednesday received PM #Modi at the #WhiteHouse as they gathered for an intimate dinner.

https://www.livemint.com/news/india/from-marinated-millet-to-stuffed-mushroom-heres-the-menu-for-pm-modis-white-house-state-dinner-11687395556351.html

Two Muslim Congresswomen from the #US #DemocraticParty Ilhan Omar and Rashida Tlaib boycott PM #Modi's speech at the joint session of the US Congress, citing repression against religious minorities.



Read here: https://www.livemint.com/news/world/two-us-lawmakers-to-boycott-pm-modis-address-to-congress-indian-leader-gives-stern-reply-11687397080782.html

PM #Modi's gifts to #US President #JoeBiden and First Lady #JillBiden symbolise #India's cultural tapestry, blending innovation, sustainability and traditional craftsmanship into a remarkable expression of luxury.



Read here: https://www.livemint.com/news/india/pm-modi-presents-unique-gifts-to-us-president-joe-biden-first-lady-jill-on-his-visit-to-white-house-11687399085996.html

Prime Minister #NarendraModi says this is #India's decade. That claim rests heavily on a handful of dominant conglomerates.

https://www.livemint.com/industry/modis-vision-for-india-rests-on-six-giant-companies-11687410112140.html

The most immediate risk is that LLMs could amplify the sort of quotidian harms that can be perpetrated on the internet today.

https://www.livemint.com/ai/artificial-intelligence/how-generative-models-could-go-wrong-11687417601393.html

As per income tax rules, every employer must issue Form 16 to employees with income subject to TDS. However, there can be instances of Form 16 not being issued.

https://www.livemint.com/money/personal-finance/itr-filing-how-salaried-individuals-can-file-their-income-tax-return-without-form-16-11687418738868.html

#ElonMusk is eager to bring his #Starlinksatellite broadband to India, but the world's richest man faces strong resistance from #MukeshAmbani, Asia's wealthiest, who runs Indian telecom giant #RelianceJio.

Following a meeting with #PMModi in the U.S., Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages that have no internet or lack high-speed services.

Read here: https://www.livemint.com/companies/news/battle-of-billionaires-elon-musks-starlink-eyes-india-faces-strong-resistance-from-mukesh-ambanis-reliance-jio-11687425906268.html

US-based GE Aerospace has signed a memorandum of understanding with Hindustan Aeronautics Limited to produce fighter jet engines for the #IndianAirForce.

As per the new agreement, Aerospace's F414 engines will be co-produced in India to power the #TejasLightCombatAircraftMk2.

Read here: https://www.livemint.com/news/india/ge-aerospace-signs-mou-with-hal-to-produce-fighter-jet-engines-for-tejas-mk2-11687425054827.html