#Opinion | A strange nature of #India’s affluent is that even as they worry about their support staff bringing down the aesthetics of their habitats, they do not do much to help them look any better.

(By Manu Joseph)

Read here: https://www.livemint.com/opinion/columns/the-invisible-help-india-s-class-divide-and-the-aesthetics-of-wealth-and-poverty-in-urban-spaces-11687716928989.html

The Indian #rupee opened marginally higher against the US dollar following mixed Asian currencies as the turmoil in Russia over the weekend had a little impact on investors’ risk appetite and the dollar index.

https://www.livemint.com/market/stock-market-news/rupee-opens-3-paise-higher-at-82-against-the-us-dollar-11687750059337.html

Indian assets are currently presenting a more promising outlook compared to their Indonesian counterparts, as the battle for supremacy between Asia's top-yielding major markets unfolds.

https://www.livemint.com/economy/indian-rupee-becomes-standout-choice-for-investors-with-asia-focus-11687740207606.html

PM Modi responded to US President #JoeBiden's tweet and said that the friendship between #India and the US is a force for global good which will make the planet better and more sustainable.

https://www.livemint.com/news/india/friendship-between-india-us-can-make-planet-more-sustainable-pm-modis-response-to-bidens-tweet-11687740044512.html

The report claimed that the #EPFO data showed that Think and Learn Pvt Ltd, the parent company of #Byju’s, has not paid the PF money.

https://www.livemint.com/companies/news/tech-startup-byju-s-hasn-t-paid-epf-money-for-employees-months-report-11687764832231.html

#AdaniPower Limited successfully achieved commercial operations of its power plant located in Godda District in Jharkhand, the company said in its stock exchange filing.

https://www.livemint.com/companies/news/adani-power-commissions-thermal-plant-in-jharkhand-stock-up-2-85-percent-bangladesh-11687766437588.html

#RBI Governor Shaktikanta Das said that since the decision to withdraw ₹2,000 notes was announced, more than two-thirds of the total ₹2,000 currency notes in circulation have returned to the system.

Read here: https://www.livemint.com/news/more-than-two-thirds-of-rs-2000-notes-returned-within-1-month-of-withdrawal-rbi-11687688597124.html

Edtech unicorn #Byju’s has not deposited the provident fund (PF) money for most of its employees in FY24.

Read here: https://www.livemint.com/companies/news/tech-startup-byju-s-hasn-t-paid-epf-money-for-employees-months-report-11687764832231.html

Online retailing in the country may cross the levels of organized retail by 2030 as more Indians make their shopping decisions online, a new report said, though traditional retailing will remain dominant.

https://www.livemint.com/news/india/online-retail-in-india-to-surpass-organized-retail-by-2030-deloitte-report-says-11687715205339.html

"We continue to be watchful on the inflation front. We expect inflation to be at 5.1%t in #FY24, and we will continue to strive and get it down to 4%," said #RBI Governor Shaktikanta Das.

https://www.livemint.com/economy/rbi-will-strive-to-get-inflation-down-to-4-el-nino-a-challenge-for-food-inflation-shaktikanta-das-11687690311042.html

The Securities Appellate Tribunal (SAT) deferred hearing on Essel Group chairman Subhash Chandra and #ZEE MD and CEO Punit Goenka's plea.

https://www.livemint.com/companies/people/sat-defers-hearing-on-subhash-chandra-punit-goenkas-appeal-challenging-sebis-interim-order-till-27-june-11687770138653.html

The Employees Provident Fund Organisation (#EPFO) is likely to extend the deadline by three months for higher EPS pension, The Economic Times has reported citing sources.

https://www.livemint.com/money/personal-finance/epfo-likely-to-extend-deadline-to-apply-for-higher-pension-report-11687768823555.html

#MintSnapView | Modi’s visit to the US enhances #India’s geopolitical salience & improves global – not just American – business confidence in the Indian economy.

The specific deals that have been signed or promised reflect this reality.

Read here: https://www.livemint.com/opinion/online-views/modis-us-visit-underlines-india-s-growing-geopolitical-heft-11687766462905.html

The central government approved ₹56,415 crore in interest-free and long-term capital expenditure loans to 16 states for fiscal 2023-24 so far, the ministry of finance said in a statement.

https://www.livemint.com/economy/government-approves-rs-56-415-crore-interest-free-loans-to-16-states-for-capital-expenditure-in-202324-11687780129564.html

The Wall Street closed lower on Monday, as investors were wary of betting on riskier assets before seeing the outcome of #Russia's aborted weekend mutiny.

https://www.livemint.com/market/stock-market-news/global-markets-update-wall-street-slip-crude-gains-on-russia-tensions-rate-hike-worries-11687815250883.html

Private equity investors Blackstone Inc., BPEA EQT, CVC Capital Partners, & General Atlantic Service Co. Lp are competing to acquire Mumbai-based Indira IVF Hospital Pvt. Ltd amid rising demand for infertility treatments.

https://www.livemint.com/companies/blackstone-general-atlantic-2-other-pes-vie-for-indira-ivf-11687799697325.html

TCS has named a new head to oversee the hiring of temporary workers amid an internal probe into the bribes-for-jobs scandal that has led to the sacking of at least 15 executives & the blacklisting of eight staffing firms.

https://www.livemint.com/companies/tcs-names-new-head-of-hiring-amid-probe-11687799384687.html

BCCI is scrambling to find a new jersey sponsor and title partner after the exit of #Byju’s & #Mastercard Inc., even as costly advertising, new regulations, and a funding winter combine to depress sentiment.

https://www.livemint.com/companies/news/cloud-over-bcci-earnings-as-search-for-sponsors-continues-11687801320053.html

Amid gyrations, the 30-share blue-chip index breached a record 63000 points in November but struggled to maintain the momentum due to weak global cues.

https://www.livemint.com/market/stock-market-news/indian-markets-witness-strong-bull-run-as-sensex-touches-new-highs-adding-trillions-of-wealth-to-investor-kitty-11687795705940.html

Yevgeny Prigozhin, head of the #WagnerGroup, denied allegations of attempting to overthrow the Russian leadership in his first public statement since the reported mutiny.

https://www.livemint.com/news/world/wagner-chief-says-demonstrated-protest-never-intended-to-overthrow-the-government-11687827990288.html

#PersonalFinance | Corporate #FDs are popular among investors who want fixed returns that are slightly higher than what bank FDs give, even at a slightly higher risk.

However, just like FDs, interest payment on corporate FDs is fully taxable at your income tax slab rate, so factor in the post-tax returns.

Here's a list of corporate FDs that are rated AA & above.