Deloitte Haskins & Sells, which audited the books of Byju's parent Think & Learn Pvt. Ltd for six years, announced its resignation on Thursday with immediate effect, citing long-delayed financial statements for the year ended 31 March 2022.
Read here: https://livemint.com/companies/start-ups/blow-to-byju-s-as-auditor-deloitte-3-directors-resign-11687458700828.html
Read here: https://livemint.com/companies/start-ups/blow-to-byju-s-as-auditor-deloitte-3-directors-resign-11687458700828.html
#TCS sent the head of recruitment on leave, sacked four executives from resource management group and blacklisted three staffing firms.
Read here: https://livemint.com/companies/bribesforjobs-scandal-rocks-tcs-four-sacked-for-corruption-11687459189433.html
Read here: https://livemint.com/companies/bribesforjobs-scandal-rocks-tcs-four-sacked-for-corruption-11687459189433.html
#Modi's engagement with the media by taking questions is a departure from his usual practice, as he has rarely held press conferences since assuming office as prime minister in 2014.
https://livemint.com/news/world/pm-modi-us-visit-democracy-is-in-our-spirit-modi-replies-to-questions-on-muslim-rights-in-india-11687481436112.html
https://livemint.com/news/world/pm-modi-us-visit-democracy-is-in-our-spirit-modi-replies-to-questions-on-muslim-rights-in-india-11687481436112.html
mint
PM Modi US visit: ‘Democracy is in our spirit..’, Modi replies to questions on Muslim rights in India
Prime Minister Modi engaged with journalists during a joint press briefing with President Biden at the White House, stating that democracy is deeply ingrained in the Indian ethos and there is no discrimination on the grounds of caste or religion.
"Terrorism is an enemy of humanity and there can be no ifs and buts in dealing with it. We must overcome all such forces sponsoring and exporting terror," PM #Modi said as he addressed the joint sitting of the #US Congress at US Capitol Hill.
Read here: https://livemint.com/news/world/pm-modi-us-visit-no-room-for-ifs-and-buts-in-dealing-with-terrorism-says-modi-11687488989102.html
Read here: https://livemint.com/news/world/pm-modi-us-visit-no-room-for-ifs-and-buts-in-dealing-with-terrorism-says-modi-11687488989102.html
The debris of the submersible has been found on the sea floor, around 500 metres away from the bow of the #Titanic.
https://www.livemint.com/news/india/titanic-submarine-missing-live-updates-shahzada-dawood-titan-submersible-us-navy-stockton-rush-paul-henri-nargeolet-11687492695971.html
https://www.livemint.com/news/india/titanic-submarine-missing-live-updates-shahzada-dawood-titan-submersible-us-navy-stockton-rush-paul-henri-nargeolet-11687492695971.html
mint
Titanic submarine explainer: How OceanGate's Titan submersible imploded | 5 points
All five passengers onboard the OceanGate Titan submersible have died due to a ‘catastrophic implosion’ during its voyage towards the Titanic shipwreck. The debris of the submersible has been found on the sea floor, around 500 metres away from the bow of…
As #US #FederalReserve Chairman #JeromePowell said on Wednesday that #inflation remains elevated and more rate hikes are possible, suffering for the #IT companies may continue in the short term.
https://www.livemint.com/market/stock-market-news/what-do-accentures-q3-results-indicate-for-indian-it-firms-11687507565437.html
https://www.livemint.com/market/stock-market-news/what-do-accentures-q3-results-indicate-for-indian-it-firms-11687507565437.html
mint
What do Accenture's Q3 results indicate for Indian IT firms?
Accenture's lower-than-expected earnings and tighter earnings and sales forecasts for FY23 indicate a challenging road ahead for IT services companies.
#Vice disclosed that lenders led by #Fortress offered about $225 million in the form of a credit bid. The amount was offered for almost all of the company's assets and some of its liabilities.
Read here: https://www.livemint.com/companies/news/bankrupt-vice-media-to-be-acquired-by-fortress-investment-group-in-a-222-million-deal-11687485762423.html
Read here: https://www.livemint.com/companies/news/bankrupt-vice-media-to-be-acquired-by-fortress-investment-group-in-a-222-million-deal-11687485762423.html
The head of the Wagner mercenary group on Saturday vowed to topple the Russian military leadership, whom he accused of launching strikes on his men.
https://www.livemint.com/news/world/what-is-russias-wagner-group-and-why-they-are-fighting-explained-11687571891269.html
https://www.livemint.com/news/world/what-is-russias-wagner-group-and-why-they-are-fighting-explained-11687571891269.html
mint
What is Russia's Wagner Group and why they are fighting? Explained
The head of Russian mercenary group Wagner, Yevgeny Prigozhin, has vowed to topple the country's military leadership, accusing them of launching strikes on his men. Prigozhin, who is under investigation for 'armed rebellion', made the comments in an audio…
The study revealed that BMI differences between urban and rural children are diminishing. This indicated declining benefits of urban living for growth and development over the last 30 years in most regions across the world.
Read here: https://livemint.com/news/india/children-in-cities-losing-height-edge-over-rural-kids-11687544206551.html
Read here: https://livemint.com/news/india/children-in-cities-losing-height-edge-over-rural-kids-11687544206551.html
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#AirIndia CEO also expressed his disappointment and said that suspending the pilots for a year is a long period.
https://www.livemint.com/news/air-india-friend-in-cockpit-case-our-industry-operates-with-ceo-campbell-wilson-after-pilots-suspension-11687569335086.html
https://www.livemint.com/news/air-india-friend-in-cockpit-case-our-industry-operates-with-ceo-campbell-wilson-after-pilots-suspension-11687569335086.html
mint
Air India friend in cockpit case: ‘Our industry operates with…’ CEO Campbell Wilson after pilots' suspension
The suspension of the pilot-in-command and first officer for one year and one month respectively. Wilson expressed his disappointment with the length of the suspension but urged employees to follow rules and regulations strictly.
In a blog post from 2019, Shahzada's wife, Christine Dawood, recounted the ordeal they went through.
https://www.livemint.com/news/my-head-hit-the-window-recalls-wife-of-titan-submersibles-pakistani-victim-who-survived-harrowing-flight-incident-11687573063336.html
https://www.livemint.com/news/my-head-hit-the-window-recalls-wife-of-titan-submersibles-pakistani-victim-who-survived-harrowing-flight-incident-11687573063336.html
mint
‘My head hit the window,’ recalls wife of Titan submersible's Pakistani victim who survived harrowing flight incident
The missing Titan submersible has been found with debris near the Titanic shipwreck. Recently, it has come to light that Shahzada Dawood had previously experienced a harrowing flight incident that left him fearing for his life.
In an emergency televised address on Saturday, the Russian president asserted that an "armed mutiny" by the Wagner Group mercenary force was treason and that anyone who had taken up arms against the Russian military would be punished.
Read here: https://www.livemint.com/news/world/putin-says-wagner-fighters-are-blocking-civilians-promises-to-defend-russians-11687591973834.html
Read here: https://www.livemint.com/news/world/putin-says-wagner-fighters-are-blocking-civilians-promises-to-defend-russians-11687591973834.html
In a report required by the #US #Congress, the Office of the Director of National Intelligence said it remains unable to pinpoint the #pandemic’s origins, with spy agencies divided on whether the virus passed to humans via an infected animal or a laboratory accident.
Read here: https://www.livemint.com/science/health/covid-virus-wasn-t-at-wuhan-lab-before-pandemic-u-s-report-says-11687580224169.html
Read here: https://www.livemint.com/science/health/covid-virus-wasn-t-at-wuhan-lab-before-pandemic-u-s-report-says-11687580224169.html
If investors still think the era of aggressive rate hikes has ended, they may be in for a rude shock.
https://www.livemint.com/market/stock-market-news/rate-hike-era-may-not-end-soon-should-you-be-cautious-11687583355136.html
https://www.livemint.com/market/stock-market-news/rate-hike-era-may-not-end-soon-should-you-be-cautious-11687583355136.html
mint
Rate hike era may not end soon; should you be cautious?
Many central banks raised interest rates in June. The US Federal Reserve and Reserve Bank of India paused hikes, but both have warned that inflation remains above their targets and a pause in rate hikes does not signify the end of the tightening phase.
Former President #DonaldTrump said the federal government should play a “vital role" opposing abortion but again failed to provide specifics on what national restrictions he would support if elected to the White House again.
https://www.livemint.com/news/world/trump-says-us-government-has-vital-role-opposing-abortion-wont-say-if-he-backs-national-ban-11687659186364.html
https://www.livemint.com/news/world/trump-says-us-government-has-vital-role-opposing-abortion-wont-say-if-he-backs-national-ban-11687659186364.html
mint
Trump says US government has 'vital role' opposing abortion, won't say if he backs national ban
Former President Donald Trump spoke to evangelicals about abortion, saying the federal government should play a 'vital role' in opposing it, but did not specify restrictions he would support.
FPIs have pumped in over ₹43,000 crore in Indian equities in May, which is the highest investment in nine months by FPIs.
https://www.livemint.com/market/stock-market-news/fpis-extend-buying-streak-in-indian-equities-infuse-30-664-crore-in-june-so-far-11687608741244.html
https://www.livemint.com/market/stock-market-news/fpis-extend-buying-streak-in-indian-equities-infuse-30-664-crore-in-june-so-far-11687608741244.html
mint
FPIs extend buying streak in Indian equities, infuse ₹30,664 crore in June so far
As per the NSDL data, FPIs inflow in Indian equities comes to ₹30,664 crore in June.
#Opinion | An elite residential society in #Bengaluru is under fire after its discriminatory rules concerning domestic workers were leaked online.
It’s time we acknowledge this widespread problem and fight for laws to curb it.
Read here: https://www.livemint.com/opinion/online-views/mint-explainer-when-will-we-stop-exploiting-domestic-workers-11687520422118.html
It’s time we acknowledge this widespread problem and fight for laws to curb it.
Read here: https://www.livemint.com/opinion/online-views/mint-explainer-when-will-we-stop-exploiting-domestic-workers-11687520422118.html
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Fresh troubles at Indian edtech startup #Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job cuts.
https://www.livemint.com/companies/news/fresh-troubles-at-byjus-amid-legal-battle-with-us-lenders-staff-morale-waning-11687663645499.html
https://www.livemint.com/companies/news/fresh-troubles-at-byjus-amid-legal-battle-with-us-lenders-staff-morale-waning-11687663645499.html
mint
Fresh troubles at Byju's amid legal battle with US lenders, staff morale waning
Auditor Deloitte and three board members have cut ties with Indian edtech startup Byju's, escalating concerns about the firm's financial health and governance practices.
After a pause on hikes by the #RBI & the US #Fed, market participants became optimistic that the era of aggressive rate hikes was over & the coming months will see a reduction in interest rates.
https://www.livemint.com/market/stock-market-news/rate-hike-era-may-not-end-soon-should-you-be-cautious-11687583355136.html
https://www.livemint.com/market/stock-market-news/rate-hike-era-may-not-end-soon-should-you-be-cautious-11687583355136.html
mint
Rate hike era may not end soon; should you be cautious?
Many central banks raised interest rates in June. The US Federal Reserve and Reserve Bank of India paused hikes, but both have warned that inflation remains above their targets and a pause in rate hikes does not signify the end of the tightening phase.
Consumer confidence among urban Indians weakened in June, declining 2.6 percentage points sequentially, according to the Refinitiv-Ipsos India Primary Consumer Sentiment Index.
https://www.livemint.com/economy/consumer-confidence-among-urban-indians-weakened-in-june-refinitiv-ipsos-india-primary-consumer-sentiment-index-11687593385773.html
https://www.livemint.com/economy/consumer-confidence-among-urban-indians-weakened-in-june-refinitiv-ipsos-india-primary-consumer-sentiment-index-11687593385773.html
mint
Consumer confidence weakens in June: Ipsos
Demand for jobs continues to far outstrip supply and most companies are going slow with recruitment due to the global slowdown, because of a prolonged war and high inflation levels. Unfortunately, the Indian economy is not insulated and has been impacted.
Prime Minister Narendra Modi has been conferred with 'Order of the Nile' award in Cairo by Egyptian President Abdel Fattah al-Sisi. ‘Order of the Nile’ is #Egypt's highest state honour. #PMModiEgyptVisit
Read here: https://www.livemint.com/news/pm-modi-awarded-order-of-the-nile-egypts-highest-state-honour-top-points-11687686086135.html
Read here: https://www.livemint.com/news/pm-modi-awarded-order-of-the-nile-egypts-highest-state-honour-top-points-11687686086135.html