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
https://www.livemint.com/opinion/online-views/mint-explainer-is-indian-aviation-headed-for-a-duopoly-11687332753343.html
mint
SoftBank’s Vision Fund to Start Job Cuts as Soon as This Week
SoftBank Group Corp.’s Vision Fund is preparing to start another round of layoffs as soon as this week, following an approximate 30% reduction last fiscal year, according to people familiar with the matter.
#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
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
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
https://www.livemint.com/economy/retail-inflation-for-farm-workers-and-rural-laborers-eases-in-may-2023-ministry-of-labor-employment-11687343870410.html
mint
Retail inflation for farm, rural workers eases in May
Point to point rate of inflation based on the CPI-AL and CPI-RL stood at 5.99% and 5.84% in May compared to 6.50% and 6.52% in April
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
https://www.livemint.com/special-report/on-the-menu-for-narendra-modi-u-s-visit-countering-china-11687343510897.html
mint
On the Menu for Narendra Modi U.S. Visit: Countering China
President Biden is hosting a state dinner for India’s prime minister, despite criticism of human-rights record
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
https://www.livemint.com/technology/google-cloud-launches-anti-money-laundering-tool-for-banks-betting-on-the-power-of-ai-11687344739480.html
mint
Google Cloud Launches Anti-Money-Laundering Tool for Banks, Betting on the Power of AI
The company is looking to set itself apart from a crowded field of surveillance platforms by reducing the amount of human input in the process of screening for money-laundering risks
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
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
#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
https://www.livemint.com/news/ftc-sues-amazon-over-manipulative-tactics-used-to-enroll-millions-in-prime-11687362310372.html
mint
FTC Sues Amazon Over ‘Manipulative’ Tactics Used to Enroll Millions in Prime
Amazon duped customers into Prime subscriptions and made it difficult to cancel, federal agency says
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
https://www.livemint.com/companies/intel-to-sell-20-stake-in-ims-to-bain-at-4-3-billion-valuation-11687361509443.html
mint
Intel to sell 20% stake in IMS to Bain at $4.3 billion valuation
Intel Corp. Wednesday 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
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
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
mint
FIIs pump in whopping ₹4,013 crore in Indian stocks; DIIs invest over ₹550 crore - June 21 trade
Foreign and domestic institutional investors made strong investments in Indian stocks, with FIIs buying over ₹4,000 crore and DIIs investing over ₹550 crore. Sensex hit a new lifetime high and Nifty 50 approached its record level, but global trends and delayed…
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
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
https://www.livemint.com/news/india/from-marinated-millet-to-stuffed-mushroom-heres-the-menu-for-pm-modis-white-house-state-dinner-11687395556351.html
mint
From Marinated millet to stuffed mushroom, here's the menu for PM Modi's White House State dinner
The decor features elements honoring the traditions and cultures of both America and India. The dinner will be followed by musical performances from Joshua Bell, Penn Masala, and 'The President's Own' United States Marine Band Chamber Orchestra.
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
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
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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
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
https://www.livemint.com/industry/modis-vision-for-india-rests-on-six-giant-companies-11687410112140.html
mint
Modi’s Vision for India Rests On Six Giant Companies
Conglomerates are executing projects with a scale and speed that have eluded India in the past. ‘Era of great concentration.’
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
https://www.livemint.com/ai/artificial-intelligence/how-generative-models-could-go-wrong-11687417601393.html
mint
How generative models could go wrong
A big problem is that they are black boxes
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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
https://www.livemint.com/money/personal-finance/itr-filing-how-salaried-individuals-can-file-their-income-tax-return-without-form-16-11687418738868.html
mint
ITR filing: How salaried individuals can file their income tax return without Form 16
Tax experts confirm that it is possible to file Income Tax Returns without Form 16. Alternatives include using payslips, Form 26AS, and investment records
#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
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
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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
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
#Silver prices in India have fallen sharply, hitting the levels below ₹70,000 per kg on MCX for the first time in three months, following the drop in international prices for the bullion.
https://www.livemint.com/market/commodities/silver-price-falls-below-rs-70-000-per-kg-is-this-opportunity-to-buy-11687427452505.html
https://www.livemint.com/market/commodities/silver-price-falls-below-rs-70-000-per-kg-is-this-opportunity-to-buy-11687427452505.html
mint
Silver price falls below ₹70,000 per kg; Is this opportunity to buy?
High interest rates weigh on the appeal of zero-yield bullion and gold has dropped in every trading session this week so far. Silver prices are also down by over 5% this week.