The Indian #rupee opened little changed against the US dollar amid a moderation in the domestic current account deficit (CAD) and an uptick in US yields.
https://www.livemint.com/market/stock-market-news/rupee-opens-3-paise-higher-at-82-against-the-us-dollar-11687923363544.html
https://www.livemint.com/market/stock-market-news/rupee-opens-3-paise-higher-at-82-against-the-us-dollar-11687923363544.html
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Rupee falls 3 paise to close at 82.06 against the US dollar on firm crude oil prices
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.12% to 102.62.
Even as India is being hailed as the next global growth story, a crucial building block for that success — its startup ecosystem — is getting pummeled.
https://www.livemint.com/companies/news/turmoil-at-byju-s-highlights-hurdles-for-india-startup-scene-11687933873612.html
https://www.livemint.com/companies/news/turmoil-at-byju-s-highlights-hurdles-for-india-startup-scene-11687933873612.html
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Turmoil at Byju’s highlights hurdles for India startup scene
Even as India is being hailed as the next global growth story, a crucial building block for that success — its startup ecosystem — is getting pummeled.
Makers of fast moving consumer goods will need to resort to more price cuts to ward off competition and ensure volumes rebound, analysts at BNP Paribas have said in a report.
https://www.livemint.com/industry/manufacturing/makers-of-consumer-goods-in-new-delhi-urged-to-cut-prices-to-boost-volumes-analysts-say-11687937449061.html
https://www.livemint.com/industry/manufacturing/makers-of-consumer-goods-in-new-delhi-urged-to-cut-prices-to-boost-volumes-analysts-say-11687937449061.html
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Cut prices to drive FMCG volumes, says report
So far, the price cuts have been limited and largely confined to the value segment. Price cuts might be needed to drive volumes, while there is a risk of increase in unorganised competition if prices are not lowered
#Opinion | If anyone had stayed invested in stocks that constituted the #Sensex over the past 44 years and a little more, they would have ended up earning a return of more than 15% annually.
Read here: https://www.livemint.com/opinion/columns/longterm-returns-of-sensex-a-reality-check-for-indian-retail-investors-amidst-high-valuations-and-trading-habits-11687881123183.html
Read here: https://www.livemint.com/opinion/columns/longterm-returns-of-sensex-a-reality-check-for-indian-retail-investors-amidst-high-valuations-and-trading-habits-11687881123183.html
#AI systems can now perform staggeringly impressive tasks, and their ability to reproduce what seems like the most human function of all, namely language, has ever more observers writing about them.
https://www.livemint.com/ai/artificial-intelligence/talking-about-ai-in-human-terms-is-natural-but-wrong-11687946481959.html
https://www.livemint.com/ai/artificial-intelligence/talking-about-ai-in-human-terms-is-natural-but-wrong-11687946481959.html
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Talking about AI in human terms is natural—but wrong
When it comes to artificial intelligence, metaphors are often misleading
The stock hit a 52-week high of ₹2,634.25 on the #BSE earlier in the session today, with a market value of ₹1.01 trillion.
Read here: https://www.livemint.com/market/stock-market-news/indigo-becomes-indias-leading-airline-to-touch-rs-1-trillion-in-market-value-11687947783694.html
Read here: https://www.livemint.com/market/stock-market-news/indigo-becomes-indias-leading-airline-to-touch-rs-1-trillion-in-market-value-11687947783694.html
The mission which is India's third venture to explore the moon represents another significant step for the nation in the field of space technology.
Read here: https://www.livemint.com/science/news/chandrayaan3-to-be-launched-on-july-13-at-2-30-pm-11687955125228.html
Read here: https://www.livemint.com/science/news/chandrayaan3-to-be-launched-on-july-13-at-2-30-pm-11687955125228.html
#BhartiAirtel saw an addition of 76,328 users in April compared with 10.4 in March, while the loss of subscribers for #Vodafone expanded to 29.9 lakhs in April from 12.1 lakh in March.
https://www.livemint.com/industry/telecom/reliance-jio-continues-its-hold-with-30-4-lakh-new-subscribers-in-april-vodafone-losses-widens-11687954188374.html
https://www.livemint.com/industry/telecom/reliance-jio-continues-its-hold-with-30-4-lakh-new-subscribers-in-april-vodafone-losses-widens-11687954188374.html
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Reliance Jio continues its hold with 30.4 lakh new subscribers in April; Vodafone losses widens
The private service providers are dominating the telecom space as they held 90.8% market share with Reliance Jio holding a whopping 37.9%, followed by Bharti Airtel at 32.4%
During a four-year period, 49-year-old Rajinder Pal Singh, aka Jaspal Gill arranged for more than 800 people to be smuggled into the #US.
https://www.livemint.com/news/world/indianorigin-man-smuggled-more-than-800-indians-into-us-using-uber-app-gets-over-3-years-in-jail-11687961936708.html
https://www.livemint.com/news/world/indianorigin-man-smuggled-more-than-800-indians-into-us-using-uber-app-gets-over-3-years-in-jail-11687961936708.html
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Indian-origin man smuggled more than 800 Indians into US using Uber app, gets over 3 years in jail
49-year-old Rajinder Pal Singh, aka Jaspal Gill, pleaded guilty in February, admitting that he took in more than $5 lakh as a key member of a smuggling ring, bringing in hundreds of Indian nationals across the border from Canada
#Biden's 2024 re-election campaign is well under way, at a time when #inflation remains high, and polling suggests a majority of Americans disapprove of his management of the #economy.
https://www.livemint.com/economy/biden-in-a-race-to-reverse-voters-pessimism-about-economy-11687967374480.html
https://www.livemint.com/economy/biden-in-a-race-to-reverse-voters-pessimism-about-economy-11687967374480.html
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Biden in a Race to Reverse Voters’ Pessimism About Economy
History suggests president has short window to boost perceptions of his economic leadership before election-year views harden
Cash-trapped #GoFirst on Wednesday has submitted its revival plan to civil aviation regulator Directorate General of Civil Aviation proposing to restart operations at the earliest possible, according to news report.
https://www.livemint.com/companies/news/go-first-submits-revival-plans-to-dgca-resume-operations-with-26-flights-report-11687967999761.html
https://www.livemint.com/companies/news/go-first-submits-revival-plans-to-dgca-resume-operations-with-26-flights-report-11687967999761.html
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Go First submits revival plans to DGCA, resume operations with 26 flights: Report
GoFirst airline's resolution professional Shailesh Ajmera, along with former CEO Kaushik Kona met with DGCA officials and discuss the revival plan
What effective strategies can help generate a steady income stream during retirement? — Vijay Kuppa writes.
Read here: https://livemint.com/money/personal-finance/retirement-planning-and-portfolio-rebalancing-expert-advice-for-a-55-year-old-with-5-93-crore-investment-portfolio-11687969715729.html
Read here: https://livemint.com/money/personal-finance/retirement-planning-and-portfolio-rebalancing-expert-advice-for-a-55-year-old-with-5-93-crore-investment-portfolio-11687969715729.html
Sebi’s board approved a proposal to cut the time period for listing of shares on exchanges after their initial public offerings (IPOs) from six days to three.
https://www.livemint.com/market/stock-market-news/sebi-shortens-ipo-listing-timelines-11687976351166.html
https://www.livemint.com/market/stock-market-news/sebi-shortens-ipo-listing-timelines-11687976351166.html
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Sebi shortens IPO listing timelines
Market regulator okays additional disclosures for foreign funds
Rajiv Jain’s GQG Partners acquired an additional $1 billion worth of shares in #AdaniGroup companies from the promoter group, boosting the US-based fund’s total investment in the Indian conglomerate to $3.4 billion.
https://www.livemint.com/companies/news/jains-gqg-boosts-adani-investments-11687976815108.html
https://www.livemint.com/companies/news/jains-gqg-boosts-adani-investments-11687976815108.html
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Jain’s GQG boosts Adani investments
The promoters have sold stakes to the Jain-led fund for the second time since US short-seller Hindenburg Research accused Adani Group of manipulating stocks and accounting fraud
#PersonalFinance | Quant’s ESG Fund delivered good returns, but its investment strategy and choice of stocks was questionable and the churn unbelievably high.
Read here: https://livemint.com/money/personal-finance/quants-esg-fund-outperforms-with-low-ratings-raises-questions-on-investment-strategy-and-fund-management-11687969682240.html
Read here: https://livemint.com/money/personal-finance/quants-esg-fund-outperforms-with-low-ratings-raises-questions-on-investment-strategy-and-fund-management-11687969682240.html
Equity benchmarks hit new highs on Wednesday, as robust foreign fund inflows and the advance of the southwest monsoon boosted investor sentiment.
https://www.livemint.com/market/markets-hit-record-highs-adani-stocks-lead-rally-11687977083182.html
https://www.livemint.com/market/markets-hit-record-highs-adani-stocks-lead-rally-11687977083182.html
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Markets hit record highs; Adani stocks lead rally
The Nifty and the Sensex crossed the 19,000 and 64,000 marks, respectively, after a long period of consolidation
On account of #BakriEid2023 festival being celebrated across nation, trading at #NSE (National Exchange) and #BSE (Bombay Stock Exchange) will remain suspended on Thursday.
https://www.livemint.com/market/stock-market-news/stock-market-holiday-today-nse-bse-to-remain-closed-today-for-bakri-eid-2023-aka-eid-ul-adha-2023-11688002321859.html
https://www.livemint.com/market/stock-market-news/stock-market-holiday-today-nse-bse-to-remain-closed-today-for-bakri-eid-2023-aka-eid-ul-adha-2023-11688002321859.html
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Stock market holiday: NSE, BSE to remain closed today for Bakri Eid | Stock Market News
Stock market today: There will no action on BSE and NSE due to Eid ul Adha festival being celebrated across nation
Under the EPC mode, the government invests in the development of a station and only opens bids for private parties to execute the works.
https://www.livemint.com/companies/news/redevelopment-of-delhi-s-new-delhi-railway-station-stalls-as-bids-exceed-budget-by-3040-11687969550503.html
https://www.livemint.com/companies/news/redevelopment-of-delhi-s-new-delhi-railway-station-stalls-as-bids-exceed-budget-by-3040-11687969550503.html
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The delayed journey of redeveloping railway stations
Station redevelopment has been earmarked as a major source of revenue generation. Successes, thus far, are few
Jerome Powell said he did not see inflation falling to the central bank’s target rate this year or next year adding that the central bank will likely raise rates further.
https://www.livemint.com/market/stock-market-news/asian-markets-gain-amid-mixed-trend-from-us-stocks-after-fed-hints-more-interest-rate-hikes-ahead-11688002122564.html
https://www.livemint.com/market/stock-market-news/asian-markets-gain-amid-mixed-trend-from-us-stocks-after-fed-hints-more-interest-rate-hikes-ahead-11688002122564.html
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SGX Nifty, Asian markets gain amid mixed trend from US stocks after Fed hints at more rate hikes ahead
Asian markets traded higher as investors assessed comments from Federal Reserve Chair Jerome Powell signaling more interest rate hikes. Japanese retail sales rose for the 15th straight month. Japan and South Korea are set to discuss a currency swap deal.
An analysis of the gross merchandise value (GMV) data shows that #Zomato has maintained its market share sequentially at about 55% in the second half of 2022.
https://www.livemint.com/market/mark-to-market/zomato-maintains-market-share-dominance-in-fierce-battle-with-swiggy-analysts-optimistic-on-future-growth-11687970722824.html
https://www.livemint.com/market/mark-to-market/zomato-maintains-market-share-dominance-in-fierce-battle-with-swiggy-analysts-optimistic-on-future-growth-11687970722824.html
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Zomato, Swiggy hunger for demand uptick for better delivery
An analysis of the gross merchandise value (GMV) data shows that Zomato has maintained its market share sequentially at about 55% in the second half of 2022.
In India, a fresh #engineering graduate was taking an average annual starting #salary of ₹4.57 lakh last year, around 15% higher than the academic year 2020-21, according to the National Institutional Ranking Framework report.
Read here: https://www.livemint.com/news/india/average-annual-salary-of-engineering-freshers-increased-by-15-in-5-years-report-11688008507045.html
Read here: https://www.livemint.com/news/india/average-annual-salary-of-engineering-freshers-increased-by-15-in-5-years-report-11688008507045.html
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