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News and analysis from the world of business and finance.

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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
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
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
#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
Tata Group is closing in on an agreement to acquire Apple's supplier factory in India. The factory could be acquired by August and once closed this will be the first time a local company will start assembling iPhones.

Read here: https://www.livemint.com/technology/tech-news/tata-group-close-to-an-agreement-on-manufacturing-iphones-in-india-11689055265389.html
The business enterprise value of the Indian Premier League (#IPL) stood at $15.4 billion in 2023, up 80% over last year’s $8.5 billion.

Its stand-alone brand value grew significantly to $3.2 billion this year from $1.8 billion in 2022, according to a recent report by Houlihan Lokey Inc. #IPL2023

Read here: https://www.livemint.com/sports/cricket-news/ipl-2023-brand-value-crosses-3-billion-11689012292420.html
#Meta's new app #Threads has reached 100 million users in just 5 days since its launch, surpassing #ChatGPT as the fastest-growing consumer product.

The app aims to become a platform with 1 billion users. #Twitter's web traffic has decreased by 11% since Threads' launch.

Read here: https://www.livemint.com/technology/tech-news/twitterkiller-threads-goes-past-chatgpt-becomes-the-fastest-app-to-have-100-million-users-11689037467660.html
#MintCharts | The five-time #IPL champion #CSK topped the brand value table with $212 billion in valuation, according to a report released by Houlihan Lokey.