#Opinion | Let’s overcome inefficient multilateralism, geopolitical challenges and the mistrust that has spread across the Global South.
https://www.livemint.com/opinion/online-views/the-world-bank-aims-to-achieve-a-liveable-planet-free-of-poverty-11689496171934.html
https://www.livemint.com/opinion/online-views/the-world-bank-aims-to-achieve-a-liveable-planet-free-of-poverty-11689496171934.html
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The World Bank aims to achieve a liveable planet free of poverty
Let’s overcome inefficient multilateralism, geopolitical challenges and the mistrust that has spread across the Global South
Indian #startups witnessed a significant fall in business funding in the first half of 2023 by raising only $3.8 billion during the six-month period, a massive decline of 36% as compared to the fundraising in H1 of 2022.
https://www.livemint.com/companies/start-ups/reviving-startup-funding-unleashing-innovative-strategies-to-overcome-financial-constraints-11689480220886.html
https://www.livemint.com/companies/start-ups/reviving-startup-funding-unleashing-innovative-strategies-to-overcome-financial-constraints-11689480220886.html
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Reviving Startup Funding: Unleashing innovative strategies to overcome financial constraints
Indian startups experienced a 36% decline in funding in the first half of 2023 compared to the same period last year. To overcome funding challenges, experts suggest implementing a lean business model, exploring alternative financing options, and focusing…
US Treasury Secretary Janet Yellen thanked India for hosting the #G20 ministerial, emphasizing the need to strengthen the global economy and address global challenges.
https://www.livemint.com/news/india/janet-yellen-thanks-indian-delegation-for-hosting-g20-ministerial-says-opportunity-to-take-11689486962477.html
https://www.livemint.com/news/india/janet-yellen-thanks-indian-delegation-for-hosting-g20-ministerial-says-opportunity-to-take-11689486962477.html
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Janet Yellen thanks FM Sitharaman for hosting G20 ministerial, says ‘opportunity to take…’
US Treasury Secretary Janet Yellen thanked India for hosting the G20 ministerial, emphasizing the need to strengthen the global economy and address global challenges.
This week in technology #NothingPhone2 made its debut. #Oppo expanded its Reno series in India, while #OnePlus10Pro got a price cut. Apple rolled out iOS 17 public beta.
All these and more in major tech event that made headlines this week:
https://www.livemint.com/technology/tech-news/tech-recap-new-phones-from-oppo-nothing-samsung-galaxy-s21-fe-gets-new-variant-and-other-important-news-11689503926645.html
All these and more in major tech event that made headlines this week:
https://www.livemint.com/technology/tech-news/tech-recap-new-phones-from-oppo-nothing-samsung-galaxy-s21-fe-gets-new-variant-and-other-important-news-11689503926645.html
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Tech recap: New phones from Oppo, Nothing, Samsung Galaxy S21 FE gets new variant and other important news
This week in tech: Nothing Phone (2) launched, Oppo expanded Reno series, Apple rolled out iOS 17 beta, and Google Pay introduced UPI Lite.
"Need to reach positive cash flow before we have the luxury of anything else," #ElonMusk said in a tweet replying to suggestions on recapitalization.
https://www.livemint.com/technology/tech-news/twitters-cash-flow-still-negative-as-ad-revenue-elon-musk-says-11689539691665.html
https://www.livemint.com/technology/tech-news/twitters-cash-flow-still-negative-as-ad-revenue-elon-musk-says-11689539691665.html
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Twitter's cash flow still negative as ad revenue, Elon Musk says
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said, falling short of his expectation in March that Twitter could reach cash flow positive by June
#StocksToWatch | Here are the top 10 stocks that could be in focus on Monday:
https://www.livemint.com/market/stock-market-news/stocks-to-watch-hdfc-bank-jsw-energy-bandhan-bank-lupin-suzlon-11689402016820.html
https://www.livemint.com/market/stock-market-news/stocks-to-watch-hdfc-bank-jsw-energy-bandhan-bank-lupin-suzlon-11689402016820.html
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Stocks to Watch: HDFC Bank, JSW Energy, Bandhan Bank, Lupin, Suzlon
HDFC Bank, LTIMindtree, Tata Elxsi, CRISIL, Central Bank of India, The Tinplate Co. of India, Choice International, Hathway Cable and Datacom, and Huhtamaki India are among companies that will announce their results on Monday
Asian markets traded mostly lower on Monday following a weak trend in the US stocks and as investors focus on key economic data from China.
https://www.livemint.com/market/stock-market-news/gift-nifty-asian-shares-cautious-fed-to-corporate-results-among-key-global-cues-for-indian-stock-markets-11689557614056.html
https://www.livemint.com/market/stock-market-news/gift-nifty-asian-shares-cautious-fed-to-corporate-results-among-key-global-cues-for-indian-stock-markets-11689557614056.html
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Gift Nifty, Asian shares, cautious Fed to corporate results, among key global cues for Indian stock markets
Asian markets mostly lower as US stocks weaken and investors focus on key economic data from China. US markets react to quarterly results.
Driven by the stupendous demand for electric scooters, Ola Electric Mobility Pvt managed to leapfrog its progress and is now in line for an #IPO sooner than its founder previously imagined.
https://www.livemint.com/companies/news/from-ola-motorbike-and-car-launch-to-ipo-ceo-bhavish-aggarwal-shares-future-plan-of-the-firm-ola-electric-ola-cab-11689554373540.html
https://www.livemint.com/companies/news/from-ola-motorbike-and-car-launch-to-ipo-ceo-bhavish-aggarwal-shares-future-plan-of-the-firm-ola-electric-ola-cab-11689554373540.html
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From Ola motorbike and car launch to IPO, CEO Bhavish Aggarwal shares future plan of the firm
Indian electric scooter startup Ola Electric, backed by SoftBank and Tiger Global, is considering an earlier-than-expected initial public offering (IPO) due to its rapid growth
#PersonalFinance | Mutual funds score better than portfolio management services where it concerns tax on capital gains, dividends.
Read here: https://www.livemint.com/money/personal-finance/the-tax-efficiency-of-portfolio-management-services-pms-compared-to-mutual-funds-11689526513044.html
Read here: https://www.livemint.com/money/personal-finance/the-tax-efficiency-of-portfolio-management-services-pms-compared-to-mutual-funds-11689526513044.html
#PersonalFinance | Car loans 🚗 are usually of 3 to 5 years, but some lenders may offer loans for up to 7 years too.
A loan for longer may mean smaller equated monthly instalments (#EMIs), which makes the car seen more affordable, but overall, you pay more as interest.
A loan for longer may mean smaller equated monthly instalments (#EMIs), which makes the car seen more affordable, but overall, you pay more as interest.
#PersonalFinance | As per the share exchange ratio of the merger, for every 25 shares of #HDFC, 42 shares of #HDFCBank were issued to the former’s shareholders.
https://www.livemint.com/money/personal-finance/tax-implications-of-hdfc-hdfc-bank-merger-capital-gains-holding-period-and-share-entitlement-explained-11689526579870.html
https://www.livemint.com/money/personal-finance/tax-implications-of-hdfc-hdfc-bank-merger-capital-gains-holding-period-and-share-entitlement-explained-11689526579870.html
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HDFC merger: tax implications for shareholders
As per the share exchange ratio of the merger, for every 25 shares of HDFC, 42 shares of HDFC Bank were issued to the former’s shareholders.
A total of eleven listed companies are going to declare their Q1 results today and those eleven companies include #HDFCBank, Tata Elxsi, LTIMindtree, Central Bank of India and CRISIL.
https://www.livemint.com/market/stock-market-news/q1-results-2023-hdfc-bank-tata-elxsi-nine-other-companies-to-declare-q1-results-today-11689562977950.html
https://www.livemint.com/market/stock-market-news/q1-results-2023-hdfc-bank-tata-elxsi-nine-other-companies-to-declare-q1-results-today-11689562977950.html
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HDFC Bank, Tata Elxsi, nine other companies to declare Q1 results today
Q1 results 2023: HDFC Bank's Q1FY24 results is highly anticipated after HDFC twins merger. Analysts expect net profit to jump 25.9% YoY and NII to expand 23.2% YoY
The revenue secretary says it is in the interest of gaming companies to follow the #GST law as the government sees it and pay 28% tax on the full value of bets.
https://www.livemint.com/economy/nontax-sops-better-for-wooing-investors-revenue-secretary-sanjay-malhotra-11689531640546.html
https://www.livemint.com/economy/nontax-sops-better-for-wooing-investors-revenue-secretary-sanjay-malhotra-11689531640546.html
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Non-tax sops better for wooing investors: Revenue Secretary Sanjay Malhotra
The revenue secretary says it is in the interest of gaming companies to follow the GST law as the government sees it and pay 28% tax on the full value of bets
Nearly 30,000 Reserve Bank of India (#RBI) retired employees have received a 13.56% increase in pension after a gap of four years, showed an internal letter.
https://www.livemint.com/news/india/retired-rbi-employees-to-receive-higher-pension-11689529388681.html
https://www.livemint.com/news/india/retired-rbi-employees-to-receive-higher-pension-11689529388681.html
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Retired RBI employees to receive higher pension
As at end-March, the staff strength of the Reserve Bank of India stood at 13,815, comprising 6,858 in Class I, 3,698 in Class III and 3,259 in Class IV officers.
#PersonalFinance | The rights of a female partner in a live-in relationship with respect to the estate of her male partner are still unclear and ambiguous.
https://www.livemint.com/money/personal-finance/can-a-live-in-partner-claim-share-in-assets-11689526636603.html
https://www.livemint.com/money/personal-finance/can-a-live-in-partner-claim-share-in-assets-11689526636603.html
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Can a live-in partner claim share in assets?
The Supreme Court has , in the past few years, recognized the concept of live-in relationships, on a case-to-case basis and also enumerated certain rights of people in such relationships.
On account of ease in US Fed rate hike tension after the US dollar nosedived to 15-month lows, #gold prices bounced back strongly during the last few sessions last week.
https://www.livemint.com/market/commodities/gold-price-jumps-on-ease-in-us-feds-rate-hike-tension-right-time-to-buy-11689568107938.html
https://www.livemint.com/market/commodities/gold-price-jumps-on-ease-in-us-feds-rate-hike-tension-right-time-to-buy-11689568107938.html
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Gold price jumps on ease in US Fed's rate hike tension. Right time to buy?
Gold rate today has im700mediate support placed at $1,935 per ounce levels in international market whereas on MCX, gold prices have support placed at ₹58,700 per 10 gm levels
#Opinion | We must find a way to finance a different world, one where climate resilience is strong, pandemics are manageable, food is abundant & fragility and poverty are defeated.
(Ajay Banga writes)
Read here: https://www.livemint.com/opinion/online-views/the-world-bank-aims-to-achieve-a-liveable-planet-free-of-poverty-11689496171934.html
(Ajay Banga writes)
Read here: https://www.livemint.com/opinion/online-views/the-world-bank-aims-to-achieve-a-liveable-planet-free-of-poverty-11689496171934.html
#MintCharts | The art market in India has seen a significant boost during the pandemic, led by a small group of dedicated Indian collectors.
International brands, spanning entertainment, hospitality, apparel and lifestyle, are set to foray into India via the franchise route, to capture a share of the ₹2,000-crore market within 12 months.
https://www.livemint.com/news/india/international-brands-eye-2-000-crore-indian-market-in-12-months-via-franchise-route-franchise-india-founder-11689532677660.html
https://www.livemint.com/news/india/international-brands-eye-2-000-crore-indian-market-in-12-months-via-franchise-route-franchise-india-founder-11689532677660.html
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Global firms eye India entry via franchises
Among categories eyeing India entry, entertainment and leisure take the lead, followed by restaurants
#PersonalFinance | If the trading volumes remain the way they were in FY23, the STT collections could even be higher in FY24 as the government has increased the STT charges.
https://www.livemint.com/money/personal-finance/surge-in-trading-activity-boosts-government-revenue-stt-collections-estimated-to-reach-25-113-crore-in-fy23-11689526585463.html
https://www.livemint.com/money/personal-finance/surge-in-trading-activity-boosts-government-revenue-stt-collections-estimated-to-reach-25-113-crore-in-fy23-11689526585463.html
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How trading costs are split across govt taxes, brokerage?
If the trading volumes remain the way they were in FY23, the STT collections could even be higher in FY24 as the government has increased the STT charges.
The Union power ministry aims to raise around ₹15,000 crore through asset monetization in FY24, close to the previous year’s target of ₹15,308 crore.
https://www.livemint.com/economy/electricity-assets-worth-15k-cr-set-for-monetization-11689532473493.html
https://www.livemint.com/economy/electricity-assets-worth-15k-cr-set-for-monetization-11689532473493.html
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Electricity assets worth ₹15K cr set for monetization
Along with the monetization of transmission and other assets, the listing of NTPC Ltd’s renewable energy arm would also be targeted this year