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.

#TataMotors shares on Monday hit a record high after its Jaguar Land Rover (JLR) unit reported 30% year-on-year jump in global wholesale dispatches in the June quarter of this fiscal year.

Read here: https://www.livemint.com/market/stock-market-news/tata-motors-becomes-16th-most-valued-automaker-beats-kia-corporation-mcap-11688991650852.html

Jayshree Ullal and Indra Nooyi are among four Indian-origin women who have made it to the #Forbes list of America's 100 most successful self-made women, with a combined net worth of a $4.06 billion.

Read here: https://livemint.com/news/world/four-indian-origin-biz-leaders-in-2023-forbes-100-richest-self-made-women-list-11688992651990.html

Shares of Apple, Microsoft among others heavyweight US stocks declined on Monday after #Nasdaq Inc announced the rebalance of its Nasdaq 100 index.

https://www.livemint.com/market/stock-market-news/nasdaq-100-rebalance-apple-microsoft-other-heavyweight-stocks-fall-ahead-of-index-s-special-rebalance-11689045451742.html

The Indian #rupee opened 17 paise higher against the US dollar on Tuesday tracking weakness in the greenback that hit its lowest level in two months versus a basket of its major peers.

https://www.livemint.com/market/stock-market-news/rupee-gains-17-paise-to-open-at-82-40-against-the-us-dollar-11689046750892.html

#PersonalFinance | Despite the IA regulation, many entities assess individual client situations and create a financial plan and offer holistic financial advice.

https://www.livemint.com/money/personal-finance/regulatory-hurdles-and-unregistered-entities-hinder-growth-of-investment-advisers-in-india-11689007444289.html

#ElonMusk's #Starlink has applied to the IN-SPACe for clearances to set up earth stations.

Last year, #SpaceX had applied to the DoT for a GMPCS licence to launch broadband-from-space services in India under its Starlink brand.

Read here: https://www.livemint.com/science/starlink-applies-to-in-space-seeks-to-get-clearance-for-setting-up-earth-station-report-11689040428252.html

#Bitcoin price may hit as much as $120,000 by the end of 2024, almost quadruple the current price, expect analysts at Standard Chartered as increasingly cash-rich miners reduce their sales of the token.

Read here: https://www.livemint.com/market/cryptocurrency/bitcoin-price-set-to-hit-120-000-by-the-end-2024-says-standard-chartered-11689049560133.html

As the Russian invasion of #Ukraine continues to spread ripples across the world, the US has welcomed #India's involvement in facilitating lasting peace in #Ukraine.

https://www.livemint.com/news/world/us-welcomes-indias-role-in-helping-achieve-lasting-peace-in-ukraine-11689043468148.html