Indian tomato prices are soaring due to adverse weather, triggering a wave of social media memes comparing the cost of the essential ingredient with anything from petrol to political influence.



Read here: https://www.livemint.com/news/india/a-445-price-jump-makes-tomatoes-more-pricey-than-gasoline-in-india-11688705785916.html

Tomato prices have surged in northern regions of #India, causing a decrease in consumer demand. McDonald's in #Delhi has announced it will not be serving products with tomatoes due to quality issues.

Read here: https://www.livemint.com/news/no-tomato-in-mcdonalds-food-products-as-prices-surge-across-india-check-details-11688702373176.html

The #SC also dismissed pleas filed by #Spicejet seeking an extension to pay ₹75 crore to #KalAirways and #Kalanithi, and observed that filing applications to seek extension is a delay tactic.



Read here: https://www.livemint.com/companies/news/sc-directs-spicejet-to-pay-entire-arbitration-award-of-rs-380-cr-to-maran-11688721106947.html

CM
@siddaramaiah
informed that the state government is expecting a total expenditure of ₹2,50,933 crores, a capital expenditure of ₹54,374 crore and loan repayment of ₹22,441 crores is expected.

https://www.livemint.com/news/india/karnataka-budget-2023-key-highlights-from-cm-siddaramaiahs-14th-budget-11688717093284.html

#SBI, #PNB, #BankOfBaroda to #CanaraBank: Why experts are bullish on PSU bank shares — Explained

Read here: https://www.livemint.com/market/stock-market-news/sbi-pnb-bob-to-canara-bank-why-experts-are-bullish-on-psu-bank-shares-explained-11688717650016.html

At present, #IGI, #India's largest airport, has three runways. The fourth will be inaugurated, alongside the first-ever elevated taxiway in the country.

https://www.livemint.com/news/india/delhi-international-airport-set-to-see-surge-in-air-traffic-with-four-operational-runways-and-elevated-taxiway-11688750891902.html

#Twitter has initiated a potential legal battle against #Meta, accusing the company of stealing trade secrets to develop its new microblogging site, #Threads. Legal experts say Twitter would face challenges in pursuing such a lawsuit.

Read here: https://www.livemint.com/technology/twitter-alleges-meta-platforms-stole-trade-secrets-for-threads-potential-legal-battle-looms-11688786303261.html

The price of saffron from Kashmir rose significantly from ₹2 lakh per kg to ₹3 lakh per kg in a single year.

https://www.livemint.com/news/india/kashmiri-saffron-costlier-by-63-in-one-year-due-to-gi-tag-heres-why-the-spice-crop-is-more-expensive-than-silver-11688789698116.html

The coalition government led by Dutch Prime Minister #MarkRutte has collapsed due to irreconcilable disagreements on how to address #migration issues.

https://www.livemint.com/news/world/explainer-why-did-pm-mark-rutte-led-dutch-government-collapse-11688793353988.html

#WorldBank President #AjayBanga to visit #India: Here's why it's special

Read here: https://www.livemint.com/news/india/world-bank-president-ajay-banga-to-visit-india-g20-meeting-11688795129786.html

Meta has spent more than $40 million on CEO Mark Zuckerberg's personal security in the past three years, while his family-run foundation has also donated millions of dollars to groups that want to ‘defund the police’.

Since 2020, PolicyLink, the organization behind DefundPolice.org, has received $3 million in donations from the Chan Zuckerberg Initiative, the report said, citing investigative report Lee Fang.

Read here: https://www.livemint.com/news/world/meta-spent-43-million-on-mark-zuckerbergs-personal-security-in-3-years-report-11688867699127.html

In a total rejection of the idea of #AI taking away jobs from humans, Union Minister Rajeev Chandrasekhar termed it as “nonsense, bakwas, and zero".

He reminded people of the 90's decade when people used to think that "Y2K will wipe out the world".

Read here: https://www.livemint.com/news/india/zero-nonsense-bakwas-union-minister-rajeev-chandrasekhar-on-ai-finishing-jobs-11688801102325.html

The trading week from July 10th to 14th will see the onset of quarterly earnings season for the period between April - June 2023 for the fiscal FY24 at full swing.

https://www.livemint.com/market/stock-market-news/hcl-tech-tcs-wipro-bandhan-bank-others-q1-results-to-watch-out-in-trading-week-from-july-10-14-check-full-list-here-11688815455371.html

#Paytm founder Vijay Shekhar Sharma expressed concern over #ChatGPT creator, #OpenAI's statement which says that it does not have a solution for steering or controlling a potentially superintelligent #AI, & preventing it from going rogue.

Read here: https://www.livemint.com/technology/tech-news/disempowerment-of-humanity-paytm-founder-concerned-over-superintelligent-ai-11688873666712.html

Quarterly earnings from IT majors TCS, Wipro, and domestic inflation and IIP data will dictate movement in equities this week, along with global factors and foreign investor activity.

https://www.livemint.com/market/stock-market-news/q1-earnings-inflation-industrial-production-to-guide-market-movement-this-week-analysts-11688879524941.html

"No one visit will solve our challenges overnight. But I expect that this trip will help build a resilient and productive channel of communication with China’s new economic team," #JanetYellen said.

https://www.livemint.com/news/world/janet-yellen-speaks-on-us-china-rocky-relations-during-beijing-visit-11688866185427.html

#Adani Enterprises has acquired approximately 30% ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of #Trainman, an online platform for booking train tickets.

Adani Enterprises had previously disclosed its intention to purchase the entire stake in SEPL.

Read here: https://www.livemint.com/companies/news/adani-enterprises-buys-30-stake-in-trainman-online-train-ticket-booking-platform-11688814355880.html

From #AjitPawar's rebellion against his uncle Sharad Pawar to Jio Financial Services IPO, this week has been quite eventful.

Here are some of the biggest news stories this week.

https://www.livemint.com/news/india/biggest-news-this-week-from-ajit-pawars-rebellion-to-jio-financial-services-ipo-and-more-11688884361698.html

#FPIs have made strong buying in the first trading week of July month.

From July 3rd to 7th, FPIs have infused a massive ₹21,944 crore, hinting that these inflows are likely to surpass investments made in June and May this year.

https://www.livemint.com/market/stock-market-news/fpis-inflow-at-rs-21-944-crore-this-week-in-indian-stocks-will-july-be-the-best-month-of-2023-11688816785085.html

Union minister Jitendra Singh said India’s #bioeconomy jumped from $8 billion in 2014 to $100 billion and the country now targets $150 billion by 2025.

https://www.livemint.com/news/india/indias-bioeconomy-jumps-from-8bn-to-100bn-targets-150bn-by-2025-biotechnology-emerges-as-a-popular-career-option-11688812521375.html

The finance ministry has mandated information sharing between the authorities handling anti-money laundering efforts & GSTN, the company that processes #GST related tax returns, for more effective measures against tax evasion.

https://www.livemint.com/news/india/centre-allows-data-sharing-between-anti-money-laundering-authorities-gstn-11688890987517.html