In a significant move, the #DelhiHighCourt rejected the PIL challenging the Reserve Bank of India's move to withdraw ₹2,000 notes on Monday.
https://www.livemint.com/news/india/delhi-hc-rejects-pil-challenging-rbis-move-to-withdraw-rs-2000-notes-reserve-bank-of-india-11688364368696.html
https://www.livemint.com/news/india/delhi-hc-rejects-pil-challenging-rbis-move-to-withdraw-rs-2000-notes-reserve-bank-of-india-11688364368696.html
mint
Delhi HC rejects PIL challenging RBI's move to withdraw ₹2000 notes
Delhi High Court has rejected the PIL challenging the RBI's decision to withdraw ₹2,000 notes
States in India’s north-east holding rich #hydropower potential may get central grants to pick equity stakes in hydropower projects under a new policy.
https://www.livemint.com/economy/centre-may-offer-grants-to-ne-states-for-hydropower-projects-11688321148729.html
https://www.livemint.com/economy/centre-may-offer-grants-to-ne-states-for-hydropower-projects-11688321148729.html
mint
Centre may offer grants to NE states for hydropower projects
The Union power ministry has proposed a new hydropower policy that will facilitate such grants
India’s drug price regulator has capped the price of two formulations and the retail price of 51 new drugs that are largely used for treating #diabetes and #mentalhealth conditions like #depression and #anxiety.
https://www.livemint.com/news/india/indias-drug-regulator-caps-prices-of-diabetes-and-mental-health-drugs-to-combat-rising-incidence-of-diabetes-and-anxiety-11688315866618.html
https://www.livemint.com/news/india/indias-drug-regulator-caps-prices-of-diabetes-and-mental-health-drugs-to-combat-rising-incidence-of-diabetes-and-anxiety-11688315866618.html
mint
Diabetes, anxiety drugs to cost less as price caps set in
The NPPA move to fix the ceiling for retail prices of different combinations of diabetes drugs comes soon after the ICMR said in a report the number of Indian diabetes patients has jumped by 44% in four years—from 70 million in 2019 to more than 100 million…
#DelhiHighCourt dismisses bail plea of former deputy CM #ManishSisodia in money laundering case relating to excise policy scam.
https://www.livemint.com/politics/news/delhi-high-court-dismisses-bail-plea-of-former-deputy-cm-manish-sisodia-in-money-laundering-case-relating-to-excise-poli-11688375721352.html
https://www.livemint.com/politics/news/delhi-high-court-dismisses-bail-plea-of-former-deputy-cm-manish-sisodia-in-money-laundering-case-relating-to-excise-poli-11688375721352.html
mint
Excise policy scam: Delhi High Court dismisses bail plea of former deputy CM Manish Sisodia
Delhi High Court dismisses bail plea of former deputy CM Manish Sisodia in money laundering case relating to excise policy scam
#SpiceJet on 3 July has announced that it has settled its ₹100 crore payment to City Union Bank. As per the company's statement, the last tranche of ₹25 crore was paid on 30 June, 2023.
https://www.livemint.com/news/india/spicejet-repays-entire-rs-100-crore-loan-to-city-union-bank-after-final-tranche-of-rs-25-crore-11688372804256.html
https://www.livemint.com/news/india/spicejet-repays-entire-rs-100-crore-loan-to-city-union-bank-after-final-tranche-of-rs-25-crore-11688372804256.html
mint
SpiceJet share price jumps 12% as it repays ₹100-crore loan to City Union Bank
SpiceJet has settled its ₹100 crore payment to City Union Bank, with the last tranche of ₹25 crore paid on 30 June, 2023. The repayment follows a settlement agreement with Nordic Aviation Capital.
Reliance ADA Group Chairman Anil Ambani #AnilAmbani appeared before Enforcement Directorate (ED), in connection with a Foreign Exchange Management Act, 1999 (FEMA) case, according to reports.
Read here: https://www.livemint.com/companies/people/anil-ambani-questioned-by-enforcement-directorate-in-fema-case-reports-11688380272982.html
Read here: https://www.livemint.com/companies/people/anil-ambani-questioned-by-enforcement-directorate-in-fema-case-reports-11688380272982.html
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#Opinion | There will always be inequality because that is the instinctive objective of individual ambition. The central aim of a typical family is to provide an unfair advantage to the family’s children. Economic inequality is far less unnatural than people think.
Read here: https://www.livemint.com/opinion/online-views/us-supreme-court-s-ruling-on-affirmative-action-a-historic-moment-in-the-eternal-battle-of-two-flawed-arguments-11688321016249.html
Read here: https://www.livemint.com/opinion/online-views/us-supreme-court-s-ruling-on-affirmative-action-a-historic-moment-in-the-eternal-battle-of-two-flawed-arguments-11688321016249.html
#HeroMotoCorp on Monday stepped into #India’s ballooning market for premium lifestyle motorcycles with the launch of #HarleyDavidsonX440, a fully indigenized 440cc motorcycle it has co-created with the #Milwaukee-based cult motorbike maker.
Read here: https://www.livemint.com/companies/news/hero-rolls-out-440cc-harley-at-2-29-lakh-11688408126333.html
Read here: https://www.livemint.com/companies/news/hero-rolls-out-440cc-harley-at-2-29-lakh-11688408126333.html
#StarSports and #JioCinema, the event's broadcasters, accumulated ₹4,700 crore through advertising. Franchises earned about ₹1,450 crore and #BCCI got about ₹430 crore.
Read here: https://www.livemint.com/industry/media/ipl-2023-ad-revenue-crosses-10-000-crore-11688402922149.html
Read here: https://www.livemint.com/industry/media/ipl-2023-ad-revenue-crosses-10-000-crore-11688402922149.html
As an investment avenue, agricultural land offers good returns, particularly if it is located near upcoming government infrastructure projects such as highways and airports.
https://www.livemint.com/money/personal-finance/the-importance-of-buying-agricultural-land-insights-and-risks-11688405401248.html
https://www.livemint.com/money/personal-finance/the-importance-of-buying-agricultural-land-insights-and-risks-11688405401248.html
mint
Want to invest in agricultural land? Here's what you ought to know
The primary challenge to buying such land is in ensuring a clear title deed without any encumbrances.
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The non-fiction category had a rocky start to the year, lagging behind adult and young adult fiction until the launch of #Spare by the #DukeOfSussex.
Read here: https://www.livemint.com/news/world/prince-harrys-memoir-spare-becomes-one-of-the-best-selling-books-of-2023-11688431519954.html
Read here: https://www.livemint.com/news/world/prince-harrys-memoir-spare-becomes-one-of-the-best-selling-books-of-2023-11688431519954.html
The decision to launch #Threads comes in the midst of various controversies surrounding #Twitter, such as user limitations and issues with Bluesky, a competing platform founded by #JackDorsey.
https://www.livemint.com/news/meta-to-launch-a-new-twitter-competitor-threads-this-week-all-you-need-to-know-11688431623110.html
https://www.livemint.com/news/meta-to-launch-a-new-twitter-competitor-threads-this-week-all-you-need-to-know-11688431623110.html
mint
Threads: Mark Zuckerberg's Meta Twitter-killer is here; All you need to know
Meta, the parent company of Facebook, is set to launch Threads, a Twitter competitor, on July 6. Threads aims to provide an alternative platform for social networking and discussions, addressing concerns raised about Twitter's limitations and controversies.
"#HealthifyMe increased its gross margins from 26% in 2016 to 72% in 2020 and this is solely because of our #AI capabilities," founder and CEO Tushar Vashisht said in an interview with Mint.
https://www.livemint.com/news/healthifyme-to-launch-online-store-this-quarter-ceo-tushar-vashisht-rules-out-ipo-plans-near-term-11688402855255.html
https://www.livemint.com/news/healthifyme-to-launch-online-store-this-quarter-ceo-tushar-vashisht-rules-out-ipo-plans-near-term-11688402855255.html
mint
HealthifyMe's CEO Tushar Vashisht rules out IPO plans in near term; talks about AI initiatives
The company’s founder and CEO Tushar Vashisht spoke to Mint in a freewheeling conversation about HealthifyMe’s IPO plans, AI-based nutritionist Ria, further expansions and his upcoming musical concert.
#ElonMusk stumped netizens once again with his move to limit the number of posts on microblogging site #Twitter which he now owns.
https://www.livemint.com/news/india/why-is-musk-angry-and-why-is-openai-being-sued-11688448802931.html
https://www.livemint.com/news/india/why-is-musk-angry-and-why-is-openai-being-sued-11688448802931.html
mint
Mint Explainer: Why did Elon Musk cap the number of Twitter posts you can read?
The move is meant to tackle ‘data scraping’, a practice that has sparked lawsuits against OpenAI and Microsoft. What is it and why does it matter so much?
Effortless sinking-themed headlines awaited. "Titanic" became the first movie to earn $1bn and won 11 Oscars.
https://www.livemint.com/specials/twentyfive-years-on-titanic-feels-like-a-prophecy-11688455164079.html
https://www.livemint.com/specials/twentyfive-years-on-titanic-feels-like-a-prophecy-11688455164079.html
mint
Twenty-five years on, “Titanic” feels like a prophecy
We are all Rose and Jack now
#GautamAdani saw the highest wealth erosion in the first half of 2023 due to a bombshell report accusing his conglomerate of fraud.
The report lopped off close to $150 billion in market value & Adani posted the biggest one-day loss of any billionaire.
Read here: https://livemint.com/news/india/adani-saw-massive-60-2-billion-wealth-erosion-amid-hindenburg-row-as-elon-musk-mark-zuckerberg-led-852-billion-surge-11688469779781.html
The report lopped off close to $150 billion in market value & Adani posted the biggest one-day loss of any billionaire.
Read here: https://livemint.com/news/india/adani-saw-massive-60-2-billion-wealth-erosion-amid-hindenburg-row-as-elon-musk-mark-zuckerberg-led-852-billion-surge-11688469779781.html
A Swiss proxy adviser representing a former #CreditSuisse shareholders has backed a class-action lawsuit seeking a better price from UBS for its takeover of its cross-town rival, it said.
https://www.livemint.com/companies/credit-suisse-investor-group-seeks-better-ubs-takeover-price-report-11688463183645.html
https://www.livemint.com/companies/credit-suisse-investor-group-seeks-better-ubs-takeover-price-report-11688463183645.html
mint
Credit Suisse investor group seeks better UBS takeover price: Report
Under the deal, sealed last month, Credit Suisse shareholders were offered one UBS share for 22.48 Credit Suisse shares, valuing the stricken bank at 3 billion Swiss francs or $3.35 billion.
#PersonalFinance | Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims.
https://www.livemint.com/money/personal-finance/will-my-office-policy-cover-maternity-costs-11688405496528.html
https://www.livemint.com/money/personal-finance/will-my-office-policy-cover-maternity-costs-11688405496528.html
mint
Will my office policy cover maternity costs?
Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims.
A majority of India’s #GenZ consumers aspire to become home owners, own a vehicle and realize the importance of savings to reach their goals, according to findings of a study by research firm Mintel.
https://www.livemint.com/news/india/majority-of-indian-gen-z-consumers-aspire-to-become-homeowners-and-car-owners-according-to-mintel-study-11688470732640.html
https://www.livemint.com/news/india/majority-of-indian-gen-z-consumers-aspire-to-become-homeowners-and-car-owners-according-to-mintel-study-11688470732640.html
mint
Indian Gen Z consumers aspire to buy homes, travel abroad
77% of Gen Z consumers aspire to become homeowners, 59% dream of buying a car and 55% expressed their desire to travel abroad
Hewlett Packard Enterprise (HPE) has partnered with original design equipment maker VVDN to begin manufacturing high-volume servers in India under the revised production linked incentive or PLI scheme.
https://www.livemint.com/companies/news/hpe-to-make-in-india-partners-with-vvdn-to-manufacture-servers-worth-1-billion-11688470491913.html
https://www.livemint.com/companies/news/hpe-to-make-in-india-partners-with-vvdn-to-manufacture-servers-worth-1-billion-11688470491913.html
mint
HPE to ‘Make in India’, partners with VVDN to manufacture servers worth $1 billion
With a rapidly growing electronic manufacturing ecosystem in India, the facility will support the growing demand from customers in the country and strengthen and diversify HPE’s global supply chain
JM Financial Group has marked the first close of its maiden performing credit Fund – JM Credit Opportunities Fund – 1 raising over ₹600 crore (around $73 million).
https://www.livemint.com/companies/news/jm-financial-debuts-private-credit-fund-to-raise-rs-600-cr-in-first-close-11688477318512.html
https://www.livemint.com/companies/news/jm-financial-debuts-private-credit-fund-to-raise-rs-600-cr-in-first-close-11688477318512.html
mint
JM Financial debuts private credit fund to raise ₹600 cr in first close
JM Financial Group will invest debt capital in local companies via a new fund, adding another asset class to its portfolio that already includes private equity, distressed assets, non-banking finance and mutual funds