The Securities Appellate Tribunal refused to grant interim stay on #SEBI’s order against Essel Group chairman #SubashChandra & Zee Entertainment Enterprises MD & CEO #PunitGoenka’s plea over a ban on the duo by India markets regulator from holding board positions in public listed companies for a year.

Read here: https://www.livemint.com/companies/news/sat-refuses-to-grant-stay-on-sebi-order-against-punit-goenka-subash-chandra-11688969296576.html

Kal Airways has denied any possibility of an amicable settlement with #SpiceJet, stating that the matter has been finalised by the Supreme Court of India.

Read here: https://www.livemint.com/companies/news/no-amicable-settlement-with-spicejet-kal-airways-11688970689695.html

The Indian alcoholic beverage market is experiencing intensifying rivalry spurred by the launch of several new spirits.

https://www.livemint.com/companies/news/intensifying-rivalry-in-indian-alcoholic-beverage-market-as-companies-launch-new-spirits-to-meet-growing-demand-11688968540119.html

The Hyundai Exter has entered the Indian market at a starting price of 5,99,900, whereas the top-spec variant is priced at ₹9,31,990.

This SUV comes equipped with an engine that delivers an impressive power output of 81.86 bhp and a torque of 113.8 Nm, available in both the manual transmission (MT) and automated manual transmission (AMT) variants.

https://www.livemint.com/auto-news/hyundai-exter-suv-launched-in-india-at-a-starting-price-of-rs-5-99-900-11688963958757.html

India is among a number of countries, including Mexico and Brazil, that are benefitting from increased foreign corporate investment aimed at both domestic & international demand through “friend-shoring" and “near-shoring".

https://www.livemint.com/economy/india-top-emerging-market-for-investing-in-em-debt-invesco-report-11688982338557.html

Gary Marcus and Anka Reuel argue that global governance must be prioritised to address the risks of bias, misinformation or worse.

https://www.livemint.com/ai/artificial-intelligence/the-world-needs-an-international-agency-for-artificial-intelligence-say-two-ai-experts-11688983006805.html

An Odisha-based private news channel Odisha TV launched an AI-generated news anchor named 'Lisa'. An artificial woman clad in Odisha's handloom saree will present news both in Odia and English for OTV Network's television and digital platforms, a company release said.

As per the company's statement, OTV is gifting Odia television journalism its first #ArtificialIntelligence (AI) news anchor, Lisa, it said.

https://www.livemint.com/news/india/odisha-gets-1st-ai-generated-news-anchor-lisa-watch-11688969170338.html

Budget airline #GoFirst has invited investor interest through a court-appointed administrator as part of its ongoing insolvency, with the Wadia Group expected to participate in the process.

https://www.livemint.com/companies/news/go-first-airline-seeks-investor-interest-as-part-of-insolvency-process-11688980881037.html

Domestic #pharmaceutical industry will likely hit $57 billion by FY25, along with expansion in operating margins by 100-150 basis points (bps), according to a report by CareEdge Ratings.

https://www.livemint.com/news/india/indian-pharmaceutical-industry-expected-to-reach-57-billion-by-fy25-with-improved-margins-report-11688979047839.html

#Foxconn is ending its joint venture with #Vedanta Ltd to make semiconductors in India & will remove its name from the fully-owned entity.

Meanwhile, after Foxconn's withdrawal from chip JV, Vedanta says it has lined up other potential partners to set up India's first foundry.

Read here: https://www.livemint.com/companies/news/foxconn-pulls-out-of-india-chip-jv-with-vedanta-11688986364272.html

US stocks edged higher marginally as investors awaited inflation data, due to be released on Wednesday.

https://www.livemint.com/market/stock-market-news/global-markets-update-us-stocks-up-marginally-as-investors-await-inflation-data-11689018618624.html

After trading range-bound for the entire Monday session, Indian stock market ended mixed as #Nifty & #Sensex finished with some marginal gains while Bank Nifty closed lower.

https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-11th-july-11689037365093.html

#Foxconn Technology Group has pulled out of its joint venture with #Vedanta Ltd that had planned to invest $20 billion in India for setting up a semiconductor fabrication unit, display unit and #semiconductor assembly and testing unit.

https://www.livemint.com/industry/manufacturing/foxconnvedanta-jv-called-off-govt-says-no-impact-to-indias-semiconductor-plans-11689012662959.html

India’s entertainment industry is poised to witness the gradual integration of #AI into its operations, with growing anticipation regarding its potential impact on various aspects of the industry, like in other sectors.

https://www.livemint.com/technology/artificial-intelligence-lashes-at-the-doorstep-of-films-entertainment-11689015246578.html

India is the top choice for debt investments among emerging markets (EMs) for sovereign wealth funds (SWFs) and central banks, a global survey by American fund manager Invesco Ltd has found.

https://www.livemint.com/economy/invesco-poll-finds-india-debt-best-among-ems-11689014236792.html

The two ministries, which account for almost 50% of the Centre’s ₹10 trillion capital investment planned for the year, have together spent over ₹1.75 trillion of targeted capex in the June quarter.

https://www.livemint.com/news/india/government-prioritizes-spending-on-infrastructure-railways-and-highways-ministry-spend-over-1-75-trillion-in-q1-11689009079929.html

TA—a tool that uses historical data to forecast a security’s future price movement— is not a new concept and is used widely to determine stock selection.

Yet, its popularity was fuelled by finfluencers who used random lines and shapes drawn on a price chart to mislead investors into believing that fortunes could be made easily through trading.

Read here: https://livemint.com/money/personal-finance/the-rise-and-debate-of-technical-analysis-a-tool-for-trading-success-or-pseudoscience-11689007389419.html

#Meta's Twitter rival #Threads has passed 100 million users in just 5 days since its launch. Threads has also taken ChatGPT's crown as the fastest growing consumer product.

https://www.livemint.com/technology/tech-news/twitterkiller-threads-goes-past-chatgpt-becomes-the-fastest-app-to-have-100-million-users-11689037467660.html

Scientists at the Helmholtz Munich research centre have made significant progress in cancer drug testing by utilising a transparent mouse.

The innovative scanning method allows the detection of tumours that were previously too small to identify.

https://www.livemint.com/news/transparent-mice-to-detect-and-eliminate-cancerous-tumours-heres-how-11689038306561.html

The Central government has collected Rs 4.75 trillion in direct taxes after adjusting for refunds, so far this financial year, up to 9 July, the Central Board of Direct Taxes (CBDT) said.

https://www.livemint.com/news/india/centre-collects-rs-4-75-trillion-in-net-direct-tax-receipts-so-far-this-year-11689003833410.html

#PersonalFinance | There are eight pension fund managers to choose from & one of the ways to do that is by tracking the returns.

Here is a breakdown of the performance of different funds - equity fund, government bond fund & corporate bond fund - of the private sector NPS.