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.

#MintCharts | Indian #aviation sector has steadily veered towards a duopoly. In 2023 until May, #IndiGo and the #TataGroup accounted for 85% of domestic passenger traffic.

While IndiGo has been a perennial market leader, the identity and share of the second airline has changed. In 2019, the combined passenger share of the top two airlines (the second being #SpiceJet) was 62%. In 2014, this figure was 54%, the second being #JetAirways.

The first thing to know about people who shun retirement to work past age 80 is that they are probably busier, and possibly cooler, than you.

https://www.livemint.com/specials/the-reasons-more-people-are-working-in-their-80s-11687762117253.html

The Indian #rupee opened higher against the US dollar helped by gains in Asian currencies with the Chinese yuan's recovery.

https://www.livemint.com/market/stock-market-news/rupee-opens-7-paise-higher-at-81-97-against-us-dollar-11687837024363.html

#PersonalFinance | There are many institutions that help first-time woman borrowers with no credit history and informal sources of income.

Got a question? #AskMint

https://livemint.com/money/personal-finance/navigating-home-loans-for-informal-income-sources-and-staff-loans-tips-from-an-expert-11687798591376.html

India’s #power sector, which has grappled with multiple challenges over the past years, is seeing renewed interest from global PE investors keen to capitalize on the vast potential of smart meter manufacturers.

https://www.livemint.com/industry/energy/pe-investors-get-powerhungry-11687804625180.html

The options range from an inquiry in the form of seeking information, an inspection of books of account that is a more formal step meant to check compliance or a full-fledged investigation.

https://livemint.com/companies/news/centre-evaluates-action-after-byju-s-auditor-resigns-11687800740105.html

#MintSnapView | #TCS has sacked 15 executives and is conducting stringent audits after Mint reported on alleged corruption in the company’s hiring process. But this problem isn’t restricted to India’s largest IT services firm.

https://www.livemint.com/opinion/online-views/indias-it-industry-must-weed-out-corruption-in-hiring-11687847889006.html

The union government is reconsidering the timeline to bring cotton bales, a key element in the textile supply chain, under a quality control order (QCO).

https://www.livemint.com/economy/centre-may-defer-cotton-quality-order-11687796435580.html

The #power ministry is considering recommending slashing the goods and services tax on grid-scale battery storage to 5% in order to help India transition to an energy mix with a bigger share of renewables.

https://www.livemint.com/news/india/indian-power-ministry-may-recommend-gst-cut-on-grid-scale-battery-storage-to-boost-renewables-transition-11687796365980.html

Guyana has become the world’s newest oil power after discoveries of #crudeoil reserves equivalent to more than 11 billion barrels in 2015.

https://www.livemint.com/news/world/indiaguyana-talks-on-energy-sector-make-swift-progress-11687797326041.html

Residents of #Delhi are set to see electricity bills rise—for the first time in nine years—after the Delhi Electricity Regulatory Commission allowed power distribution companies (discoms) to raise tariffs in specific areas.

https://www.livemint.com/news/india/electricity-bills-in-delhi-to-rise-for-first-time-in-nine-years-following-tariff-hike-by-power-distribution-companies-11687796551929.html

Private sector lender ICICI Bank Ltd said that its board would consider a proposal on 29 June to delist equity shares of its stockbroking arm ICICI Securities.

https://www.livemint.com/companies/news/icici-bank-to-consider-delisting-of-icici-securities-on-29-june-11687801868319.html

Audit watchdog, the National Financial Reporting Authority (NFRA) said that quitting audit assignment does not absolve a statutory auditor of his responsibility to report fraud noticed during the audit.

https://www.livemint.com/news/india/nfra-warns-auditors-quitting-audit-assignment-does-not-absolve-responsibility-to-report-fraud-11687799871439.html

US electric truck maker #LordstrownMotors filed for bankruptcy protection after it failed to resolve a dispute over promised investment from Taiwan company #Foxconn.

Read here: https://www.livemint.com/companies/news/us-electric-truck-startup-lordstown-faces-bankruptcy-after-foxconn-deal-failure-11687853608401.html