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

#Zerodha is facing a backlash from users after an app glitch caused some traders to lose money. The glitch occurred on July 07, 2023, and affected users who were trying to place sell orders.

https://www.livemint.com/market/why-people-are-outraging-out-app-glitch-that-made-them-lose-money-zerodha-11688896679413.html

On Friday, a lot of traders complained on Twitter that they couldn't get out of their Sensex option transactions on Zerodha, which the low-cost brokerage claimed was caused by "issue with the internet service providers (ISPs)".

https://www.livemint.com/market/why-people-are-outraging-out-app-glitch-that-made-them-lose-money-zerodha-11688896679413.html

#MintSnapView | If there’s demand for MSIL’s vehicles, that’s a sign of rural income rebound or at least of rising confidence amongst middle-income buyers in the rural and semi-urban segments.

https://www.livemint.com/opinion/online-views/indias-fortunes-are-tightly-intertwined-with-marutis-11688714218904.html

#China’s consumer inflation rate eased to zero in June while factory-gate prices fell further, underlining continued weakness in demand and adding to concerns about the threat of deflation in the economy.

https://www.livemint.com/news/world/chinas-consumer-inflation-rate-slows-to-zero-amid-falling-factory-gate-prices-deflation-threat-lingers-11688954482120.html

The decision by the United States to supply #Ukraine with cluster bombs has caused concern among key US allies.

https://www.livemint.com/news/world/what-are-cluster-bombs-us-sending-to-ukraine-and-why-over-100-countries-have-banned-it-explained-11688954387988.html

#PersonalFinance | The accumulated PF balance to the credit of the employee as on the date of cessation of employment, is exempt from tax, if he/she has rendered continuous service for five years or more.

https://www.livemint.com/money/personal-finance/tax-implications-of-epf-interest-during-periods-of-non-contribution-expert-opinion-11688917967676.html

#PersonalFinance | Will it be government or private schools? If it is the latter, what is its reputation and how is the fee structure? Should you choose a nearby school or opt for outstation boarding?

These are questions that trouble every parent when it is time to put their children in #school.

Read here: https://www.livemint.com/money/personal-finance/factors-that-decide-the-right-school-for-your-child-boards-reputation-and-cost-structure-11688918023724.html

Indian #creditcard holders owed their banks ₹2 trillion in dues by April, the first time this milestone was reached.

Banks will be delighted at the growth in this business, but high outstanding dues also present a risk.

https://www.livemint.com/industry/banking/credit-card-dues-at-2-tn-by-apr-mark-a-milestone-11688909501655.html

Indian startups raised $3.8 billion in the first half of 2023 (January to June), falling by a massive 36% as compared to the fundraising in H1 of 2022. This is also the lowest six-month funding in the last four years, as per PwC India research report.


https://www.livemint.com/companies/news/indian-startups-raise-3-8-bn-in-h1-2023-lowest-half-yearly-funding-in-4-years-saas-d2c-fintech-top-invested-sectors-11688915814259.html

Company results season for first quarter of the current financial year is going to kick-start on 12th July 2023 with the declaration of Q1 results by TCS followed by HCL Technologies.

https://www.livemint.com/market/stock-market-news/q1-results-2023-tcs-hcl-tech-wipro-tata-steel-others-to-announce-q1-results-this-week-11688958841744.html

Vivek Johri has indicated that any potential changes to Goods and Services Tax (#GST) rates will require careful consideration and may need to be implemented gradually.

https://www.livemint.com/economy/rationalisation-in-gst-rates-should-be-implemented-gradually-cbic-chairman-vivek-johri-11688961133108.html