#FMCG player #Marico's top-line front on a consolidated basis struggled in June 2023 quarter due to evasive demand in the rural market and pricing drop, especially Saffola Edible Oils.

https://www.livemint.com/market/stock-market-news/maricos-revenue-in-q1-dips-in-low-single-digit-expects-gross-margins-to-expand-ahead-should-you-buy-this-fmcg-stock-11688561577702.html

Foreign institutional investors (#FIIs) continued their winning streak for six days in a row despite Indian markets ending on a mixed note during Wednesday's trade.

https://www.livemint.com/market/stock-market-news/fiis-stay-as-net-buyers-for-6-days-in-row-invests-rs-1-603-crore-in-indian-stocks-today-diis-sell-rs-439-crore-11688565837090.html

#Opinion | #GST is designed to lower the overall cost-base by taxing only the value that’s added, relieving us of a cost pile-up as one item’s burden feeds into the next along a chain of usage.

https://www.livemint.com/opinion/online-views/relieve-gst-of-its-warps-to-regain-its-reform-cred-11688573949474.html

India is looking to tighten wind turbines standards and the ministry of new and renewable energy is likely to announce a quality control order (QCO) soon.

https://www.livemint.com/news/india/india-to-tighten-wind-turbine-standards-with-quality-control-order-qco-to-curb-low-quality-imports-from-china-11688575406853.html

#Meta's #Instagram on Wednesday officially launched #Threads, an app designed as a direct rival to #Twitter and most serious threat yet to #ElonMusk owned social-media site.

Read here: https://www.livemint.com/technology/apps/elon-musk-has-a-very-good-competitor-threads-users-say-as-meta-launches-twitter-rival-11688605539002.html

#Amazon earlier revised its target of cumulative exports from #India from $10 billion to $20 billion by 2025 citing demand for Indian products such as toys, home textile, textiles, handicrafts, packaged foods in overseas markets.



Read here: https://www.livemint.com/companies/news/amazon-global-selling-to-surpass-8-bn-in-cumulative-exports-from-india-in-2023-11688575389778.html

The #Invicto will be manufactured at Toyota Kirloskar Motor's facility in Bidadi, #Karnataka, where it also produces all variants of the #InnovaMPV.



Read here: https://www.livemint.com/auto-news/maruti-rolls-out-its-costliest-product-invicto-at-2479l-11688577439382.html

An MoU has been signed to establish a campus of #IITMadras in #Zanzibar, with plans to launch programmes in October 2023.

Read here: https://www.livemint.com/news/world/first-iit-campus-beyond-indian-borders-finds-its-home-in-tanzania-says-mea-11688619761321.html

#TataConsultancyServices and #TataSteel have both terminated employees for misconduct, including recruitment bribery and sexual misconduct.

Read here: https://www.livemint.com/companies/news/after-tcs-tata-steel-fires-38-employees-for-breaching-its-code-of-conduct-report-11688626953251.html

#India has increased its credit flow to #Africa, making it the second-largest beneficiary of Indian credit.

https://www.livemint.com/news/world/indias-economic-diplomacy-bolsters-lending-in-africa-countering-chinas-influence-11688611385651.html

The Delhi high court, in an interim order, directed DGCA & airport authorities to allow #GoFirst’s lessors’ representatives and officers to inspect the 30 parked aircraft within the next three days.

https://www.livemint.com/companies/hc-allows-go-first-lessors-to-inspect-aircraft-11688581795190.html

The #GST council is to clarify on definition of multi utility vehicles (MUVs) & crossover utility vehicles (XUVs) for levy of 22 per cent compensation cess over and above the 28% GST rate.

https://www.livemint.com/news/india/gst-council-may-define-muvs-and-xuvs-for-levy-of-22-cess-report-11688629104227.html

In a Bain & Company and Google survey, 43% of women said their families and spouses did not support their businesses due to which they need funding from others.

https://www.livemint.com/companies/start-ups/women-entrepreneurship-in-india-how-women-led-startups-bridge-the-gender-funding-gap-11688612404028.html

Leading cryptocurrency #Bitcoin on 6 July hits 13-month high trading rate of $31,500, according to news agency Reuters, which added the #cryptocurrency rose by as much as 3.28%

According to crypto trading exchange CoinMarketCap, the current market capitalization of bitcoin rose by 2.2% at $610,122,773,744. Earlier in 7 July 2022, the Bitcoin was traded at $20,547.81.

https://www.livemint.com/news/world/bitcoin-hits-13-month-high-trading-at-31500-11688635879440.html

The fundraising will likely ease concerns of billionaire #GautamAdani's port-to-power conglomerate ability to service its debt and help in instilling some confidence among investors.

https://www.livemint.com/market/stock-market-news/adani-green-energy-shares-edge-higher-as-board-approves-raising-rs-12-300-crore-via-qip-11688634034260.html

The world has begun to acknowledge India's capabilities and its potential in space technology, with the country home to 140 space startups, Union minister for Science & Technology Jitendra Singh said.

https://www.livemint.com/technology/tech-news/world-acknowledges-india-s-capabilities-potential-in-space-tech-jitendra-singh-11688637227980.html

#Opinion | #GST is designed to lower the overall cost-base by taxing only the value that’s added, relieving us of a cost pile-up as one item’s burden feeds into the next along a chain of usage.

Read here: https://www.livemint.com/opinion/online-views/relieve-gst-of-its-warps-to-regain-its-reform-cred-11688573949474.html

Tata Consultancy Services (#TCS) said that it will train 25,000 engineers on generative #artificialintelligence tools & services by #AI research firm OpenAI, the makers of popular chatbot, ChatGPT.

#GenerativeAI services will be hosted and provided on #Microsoft’s Azure cloud platform—thus making this offering available to its clients.

Read here: https://www.livemint.com/industry/infotech/tcs-to-train-25-000-employees-on-microsoft-openai-s-generative-ai-tools-11688653184491.html

If you’re wondering what it’s like to use the new #ThreadsApp, just close your eyes and picture Twitter but with a lot less #ElonMusk—and that’s exactly the point.

https://www.livemint.com/technology/threads-vs-twitter-what-s-the-difference-11688641927958.html

The Indian #automobile companies are expected to see further improvement in margins during the first quarter of FY24 driven by operating leverage benefits.

https://www.livemint.com/companies/company-results/auto-sector-q1-preview-margin-expansion-to-continue-driven-by-operating-leverage-softening-commodity-costs-11688640134333.html

According to government data, India ranks 57 out of 65 on the MasterCard Index of Women Entrepreneurs, which gauges how #women in business are progressing globally, and only one in five of the country's businesses are led by women.

https://www.livemint.com/companies/start-ups/women-entrepreneurship-in-india-how-women-led-startups-bridge-the-gender-funding-gap-11688612404028.html