#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

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

#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

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

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

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

Reliance Jio's new internet enabled 4G featurephone at ₹999 could disrupt the 2G market and help Jio gain market share by revenue as well as gain about 100 million subscribers, said brokerage houses.

https://www.livemint.com/industry/telecom/jiobharat-can-get-100-mn-subs-to-jio-delay-tariff-hikes-for-airtel-vi-11688477955139.html

Residential sector has recorded a sale of 156,640 units, down by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India.

https://www.livemint.com/news/india/housing-sales-down-1-in-jan-jun-gross-office-leasing-up-3-knight-frank-11688477473610.html

#Byju's CEO Raveendran, co-founders Divya Gokulnath and Riju Ravindran, the promoters of the beleaguered edtech major, have together sold shares worth about $408.53 million in 40 secondary transactions since 2015, according to research and data platform PrivateCircle.

Read here: https://www.livemint.com/companies/byjus-promoters-have-sold-shares-worth-408-53-million-since-2015-report-11688480952408.html

Fast moving consumer goods company Dabur India added five new brands with sales greater than ₹100 crore in FY23, the company said in its fiscal 2023 annual report released to the exchanges.

https://www.livemint.com/companies/news/dabur-india-adds-five-new-100-crore-brands-expects-expansion-in-gross-margins-11688487205615.html

Carl Zeiss India is investing over €250 million to build a spectacle lens production facility in Bengaluru, which will be the German optical systems group’s largest ‘vision’ factory in the world.

https://www.livemint.com/companies/news/carl-zeiss-plans-biggest-lens-factory-in-india-for-250-mn-11688488631822.html

H&M, the Swedish fast-fashion retailer, is set to expand its presence in India by opening six more stores and enter three cities by the end of 2023, besides focusing on boosting its online sales, said a top company executive.

https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html

For FY22, H&M India, which operates 51 stores, posted revenue of ₹2,115.18 crore, up 49% from a year ago, while its profit rose to ₹25.29 crore, according to data by business intelligence platform Tofler.



Read here: https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html

While approval ratings for #RishiSunak's Labour opponent #KeirStarmer also fell by 2 percent, they still remained positive at 7 percent.

Read here: https://www.livemint.com/news/world/uk-pm-rishi-sunaks-approval-ratings-plunge-into-negative-for-the-first-time-since-taking-office-11688517740205.html

The white powder substance was discovered in the West Wing of the #WhiteHouse.

https://www.livemint.com/news/world/cocaine-found-at-the-us-white-house-joe-biden-presidential-complex-all-you-need-to-know-11688521848109.html

We are super excited to launch our campaign #AskBetterQuestions with this film about a CXO's journey from targets to targeted insights 👏

Watch now!
#Mint #LiveMint #ThinkAheadThinkGrowth

#Threads, the recently introduced microblogging app by #Meta, is the new platform that will enter the market as a direct rival to #Twitter.

https://www.livemint.com/technology/metas-threads-app-sparks-privacy-concerns-with-data-access-permissions-whats-the-buzz-11688531598228.html

Union Minister #NitinGadkari emphasized on the government's vision to transform farmers into both "annadata" (food providers) and "urjadata" (energy providers).

https://www.livemint.com/politics/news/petrol-will-be-available-at-the-rate-of-15-per-litre-if-says-union-minister-nitin-gadkari-11688532105829.html

Last year, reports emerged of amorous couples misusing the secluded space near Court 12, causing discomfort for other visitors.

Read here: https://www.livemint.com/sports/wimbledon-asks-fans-to-use-quiet-room-for-prayer-breastfeeding-not-sex-11688536148490.html

#RakeshJhunjhunwala invested through his privately-owned investment advisory and asset management firm Rare Enterprises. After his death, #RekhaJhunjhunwala inherited the portfolio.

https://www.livemint.com/market/stock-market-news/rakesh-jhunjhunwala-birth-anniversary-how-the-big-bulls-portfolio-looks-like-almost-a-year-after-his-demise-11688538911577.html

Delhi HC Justice Tara Vista Ganju said that the aircrafts of the lessors are valuable and require regular maintenance and to further obviate any losses.

https://www.livemint.com/companies/news/delhi-hc-allows-go-first-lessors-to-access-aircraft-carry-out-maintenance-work-11688549852977.html