#PersonalFinance | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene & our own qualitative research.

We have restricted the choice universe to 10 categories out of the total 37 & given you at least two options to pick from each.

#Opinion | From creators of national symbols, we can also learn the importance of consistency in creating powerful symbols.

Except in extreme cases of a country’s breakup, it’s almost unheard-of for a nation-state to change the design of its national flag or the tune of its national anthem.

Read here: https://www.livemint.com/opinion/online-views/learn-the-art-of-communication-from-indian-leaders-11689176671702.html

An analysis by Mint reveals that while the tax on the entire entry fee may not directly impact the companies’ revenue from platform fees, it will lead to a smaller pool size and, subsequently, fewer players.

https://www.livemint.com/companies/news/steep-tax-to-shrink-prize-pool-dissuade-players-feel-cos-11689189242178.html

Asian markets traded mostly higher on Thursday following gains in US stocks after cooling inflation in the world’s largest economy bolstered hopes that the Federal Reserve could end its interest rate hikes soon.

https://www.livemint.com/market/stock-market-news/gift-nifty-asian-markets-to-inflation-data-check-out-key-triggers-for-indian-stock-market-11689211303913.html

IT giants #TCS and #HCLTech fell short of the Street's expectations for the first quarter earnings (Q1FY24). TCS saw the slowest start to a fiscal year since it went public in 2004.

https://www.livemint.com/market/stock-market-news/with-tcs-q1-results-hcl-tech-q1-results-in-focus-which-stock-should-you-buy-11689215293467.html

Tesla has engaged in talks with officials from the Indian government to explore the potential establishment of its auto parts and electronics chain in India, as well as to seek incentives and tax benefits.

https://www.livemint.com/technology/tech-news/tesla-sets-sights-on-establishing-supply-chain-in-india-report-11689215016677.html

Weak demand continues for #Wipro in Q1FY24 with technology and BFSI verticals more impacted due to macro weakness.

https://www.livemint.com/companies/company-results/wipro-q1-results-preview-topline-may-fall-1-6-qoq-on-weak-tech-spends-q2-guidance-likely-to-be-muted-11689218991911.html

Following US dollar index slide to 15-month low on easing US inflation, #goldprice today ascended in early morning deals in Asian and Indian markets.

https://www.livemint.com/market/commodities/gold-price-jumps-as-us-dollar-hits-15-month-low-after-ease-in-us-cpi-data-11689224409038.html

India’s factory output growth rose to 5.2% in May, from 4.5% in April, registering a three-month high due to a strong uptick in mining and manufacturing, official data released on Wednesday showed.

https://www.livemint.com/news/india/indias-factory-output-growth-reaches-three-month-high-of-5-2-in-may-mining-and-manufacturing-drive-expansion-11689183632898.html

The National Company Law Tribunal (NCLT) has allowed #GoAirlines India's application to admit one of its vendors Blue Mushroom Infozone under the Corporate Insolvency Resolution Process (CIRP).

https://www.livemint.com/companies/news/go-airlines-can-now-admit-its-vendor-blue-mushroom-infozone-under-cirp-report-11689211105305.html

#MintCharts | The #GSTCouncil's decision to impose a 28% tax on the entry fee in online real-money #gaming could spell doom for the sector, industry experts argue.

#MintSnapView | The Goods and Services Tax was meant to simplify taxation when it was introduced five years ago. It has ended up doing the opposite. Why is this, and what needs to change?

https://www.livemint.com/opinion/online-views/perverse-incentives-explain-why-gst-is-a-confusing-mess-11689233165575.html

After billionaire #ElonMusk acquired #Twitter Inc in 2022, the microblogging site was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were sacked in the layoff drive.

https://www.livemint.com/companies/news/elon-musk-accused-of-not-paying-500-million-in-severance-ex-employees-sue-twitter-11689231419543.html

#MukeshAmbani remains India's richest person with a net worth of ₹7.5 lakh crore, while Gautam Adani is his closest rival with a net worth of $61.4 billion.

https://www.livemint.com/news/india/indias-richest-man-mukesh-ambani-holds-the-throne-check-which-tycoons-are-on-the-list-11689228430141.html

Large-cap IT company #HCL Technologies Ltd posted weak June quarter (Q1FY24) earnings, disappointing on key metrics.

In constant currency terms, Q1 revenue fell 1.3% sequentially, missing analysts’ expectations.

https://www.livemint.com/market/mark-to-market/for-hcl-tech-meeting-fy24-guidance-could-be-a-tall-order-11689224293658.html

#NaviTechnologies, a non-banking financial company startup established by Sachin Bansal, the founder of Flipkart, has reportedly undertaken a recent workforce reduction, resulting in the termination of over 250 employees, 20% of its workforce.

Read here: https://www.livemint.com/companies/news/sachin-bansals-navi-technologies-lays-off-20-employees-11689235123256.html

#MintCharts | At 6.58%, Tripura clocked the highest consumer price inflation in June, followed by Tamil Nadu and Uttarakhand. Chhattisgarh recorded the lowest #inflation at 1.24%.

#ISRO is prepared to launch its third lunar exploration mission, #Chandrayaan-3 on Friday, July 14 at 2.35 pm from the Satish Dhawan Space Centre in #Sriharikota.

https://www.livemint.com/science/how-larsen-toubro-helped-isro-s-lunar-mission-chandrayaan-3-find-out-here-11689231240968.html

#BrijBhushan had appeared before a government-appointed Oversight Committee where he denied all charges, cited #Yoga exercises and reverse breathing as the reasons to check breathing pattern of the wrestler.



Read here: https://www.livemint.com/news/brij-bhushan-denies-inappropriate-contact-with-wrestler-cites-yoga-exercise-to-check-breathing-report-11689245475686.html

Known for his novels that explored identity and political power, #Kundera's work illuminated the complexities of life with irony and intellectual rigor.

https://www.livemint.com/news/world/exiled-due-to-soviet-rule-how-is-milan-kundera-relevant-today-11689245732434.html

#TCS vs #Wipro Q1 Results: What's working and what's not for #IT majors

Read here: https://livemint.com/companies/company-results/tcs-vs-wipro-q1-results-after-muted-june-quarter-earnings-check-whats-working-whats-not-for-it-majors-11689245473437.html