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

#HDFC twins merger will create #India's second-largest financial institution by assets after the country's top lender #SBI.

https://www.livemint.com/money/personal-finance/hdfc-twins-merger-what-does-hdfc-hdfc-bank-merger-mean-for-depositors-and-borrowers-11687854056408.html

#ChandaKochhar and her husband Deepak have been named in the #CBI's 11,000 page chargesheet filed earlier this year. The case pertains to cheating and irregularities in sanctioning of loans to #VideoconGroup firms.

Read here: https://www.livemint.com/news/india/chanda-kochhar-husband-bought-rs-5-3-crore-flat-for-merely-rs-11-lakh-cbi-tells-court-11687857733986.html

#India is likely to grow at 6.7 per cent for the next three years, retaining its tag as the fastest-growing major economy, said S&P Global Ratings.

Read here: https://www.livemint.com/news/india/india-will-be-among-fastest-growing-economy-in-asia-pacific-says-s-p-global-ratings-11687864952457.html

Deepak Parekh dubbed the #HDFC-#HDFCBank merger as the biggest transaction in #India's corporate history and the proposed entity will have combined assets of ₹18 lakh crore

Read here: https://www.livemint.com/companies/people/hdfc-chairman-deepak-parekh-to-step-down-post-merger-with-hdfc-bank-11687867461546.html

Byju's Founder and chief executive #ByjuRaveendran seeks to reconstitute the company's board only after the completion of the fundraising as new investors may possibly occupy some of the vacancies.



Read here: https://www.livemint.com/companies/news/byjus-likely-in-advance-talks-to-raise-1-billion-funding-to-prevent-investors-revolt-report-11687872889167.html

Prosus had downsized the value of its 9.6 per cent stake in Byju's to around $493 million in the financial year ended March 31.

Read here: https://www.livemint.com/news/prosus-slashes-byjus-valuation-to-5-billion-dollars-11687878465990.html

Foreign stocks have to be declared in the ITR every year as long as they are held in your name and not just report the capital gains or losses when you sell them.

https://www.livemint.com/money/personal-finance/how-to-report-foreign-stocks-in-your-income-tax-returns-11687886370675.html

With erratic rains in India in the last two-three months, FY24 has begun on a dull note. This would mean AC companies will likely face heat in the June quarter (Q1FY24).

https://www.livemint.com/market/mark-to-market/ac-cos-may-face-the-heat-in-june-qtr-11687889161517.html

A fresh European Union (EU) push to punish suppliers lax on the environment and human rights has sparked unease in New Delhi, given its potential to raise compliance costs and disrupt small businesses.

https://www.livemint.com/economy/eus-planned-due-diligence-law-sparks-unease-in-india-11687895216030.html

Islamabad hopes a bailout decision from #IMF in a day or two, #Pakistan PM Shehbaz Sharif said, after a telephonic conversation with IMF Managing Director MD Kristalina Georgieva about the bailout funds.

https://www.livemint.com/news/world/pakistan-hopes-for-imf-bailout-decision-in-a-day-or-two-pm-shehbaz-sharif-11687897165234.html

#ShapoorjiPallonji Group has raised ₹14,300 crore from a clutch of private credit investors and high-net-worth individuals, pledging its shares in Tata Sons Ltd as collateral, primarily to refinance its debt.

https://www.livemint.com/companies/news/sp-raises-14-300-cr-via-high-yield-debt-11687888307623.html

#PersonalFinance | Foreign stocks have to be declared in the #ITR every year as long as they are held in your name and not just report the capital gains or losses when you sell them.

Read here: https://www.livemint.com/money/personal-finance/how-to-report-foreign-stocks-in-your-income-tax-returns-11687886370675.html

#PersonalFinance | A house in probably the biggest spend for most Indians. And with urban population increasing manifold, buying a house in a large city, which is where most jobs are likely to be, has become difficult - the main obstacle being cost. 🏡

Here are the prices of some properties in bands.

#PersonalFinance | Over years, the changes may be significant; policyholders are not aware of these changes and learn about them when they file a claim.

https://www.livemint.com/money/personal-finance/revolutionizing-the-insurance-industry-from-private-sector-to-policyholder-rights-and-increased-competition-11687886429284.html

A majority of workers feel they’re fairly paid, but at the top of the list are independent workers across all industries, according to a recent survey of 2,500 American workers.

https://www.livemint.com/special-reports/being-happy-with-your-paycheck-isn-t-just-about-how-big-it-is-11687852761340.html