#Q2Results | Mahindra & Mahindra reported a standalone net profit of ₹3,451.88 crore in the second quarter of FY24, registering a sharp growth of 66.9% from ₹2,068 crore in the corresponding quarter of last fiscal.

The automobile major’s standalone revenue from operations in Q2FY24 rose 15.7% to ₹24,309.89 crore from ₹21,010.13 crore, YoY

Read more: https://www.read.ht/RFUH

Environment Minister Gopal Rai on Friday said the odd-even car rationing scheme will not be implemented from November 13 to November 20 as there has been a significant improvement in Delhi's air quality due to rain.

Addressing a press conference here, he said the government will review the air quality situation after Diwali and a call on the odd-even scheme may be taken if there's a sudden dip in air quality.

Read here 🔗 https://www.read.ht/RFWD

#Alcobev cos expect mixed spirits for #Diwali, weddings | Theatres set for big Diwali releases | Cheer from direct #tax mop-up

Read today's Mint e-paper here: https://epaper.livemint.com

#BestoftheWeek, 11 November | Festive investing, real estate cheers, and M&A deals galore, here's a look at Mint's best works from the week gone by

(Nikhil Kanekal writes)


https://www.livemint.com/weekend/festive-fervour-should-you-resist-the-temptation-to-indulge-11699632129590.html

#Dhanteras #gold & #silver sales surge 20%, driven by softer prices. Nationwide sales predicted to exceed 30 tonnes. Auto & consumer goods sectors report blockbuster Dhanteras sales.

Read more: https://www.read.ht/RFqh

Samvat 2080 Special: Analysts believe that markets will witness an upward trajectory with rotational buying, if the Nifty 50 holds over 19,200 in the upcoming holiday-shortened week.

https://www.livemint.com/market/stock-market-news/week-ahead-samvat-2080-kicks-in-today-inflation-data-fii-activity-global-cues-among-key-market-triggers-this-week-11699721856899.html

Mint is launching a new show called 'Rollin' with the Boss' featuring candid conversations with young CEOs, starting with Ritesh Agarwal of OYO Rooms.

https://www.livemint.com/companies/people/diwali-2023-ghar-ki-safai-oyo-rooms-ceo-ritesh-agarwal-reveals-his-favourite-part-11699763090430.html

#PersonalFinance | In the midst of the joy and celebrations associated with Diwali, it’s important to stay committed to your financial goals.

Take advantage of this festive season to identify any financial missteps and revise your plan to align better with your monetary objectives.

https://www.livemint.com/money/personal-finance/diwali-2023-how-can-millennials-be-more-financially-wise-this-festive-season-here-are-4-ways-11699627039991.html

India is considering reducing taxes on imported electric vehicles at the request of Elon Musk's Tesla, which has made the tax break a precondition for setting up its manufacturing plant in the country, reports.

https://www.livemint.com/auto-news/india-considers-lowering-duty-to-woo-elon-musks-tesla-report-says-11699843041053.html

External Affairs Minister #SJaishankar, who is on a visit to the UK, celebrated Diwali with PM #RishiSunak and his wife Akshata Murty at 10 Downing Street on Sunday at 10 Downing Street.

Jaishankar gifted Sunak a cricket bat having an autograph of Virat Kohli on it and a Lord Ganesh statue.

Read here: https://www.read.ht/RGRc

#MorganStanley Research said it expects India's economic growth at around 6.5% for FY2024 and FY2025, citing strong domestic fundamentals.

Read here: https://www.read.ht/RGSS

UK Prime Minister #RishiSunak has reportedly sacked interior minister #SuellaBraverman.

The development came mere days after she accused the London police of bias while dealing with pro-Palestinian protesters.

Read here: https://www.read.ht/RGS1

#MintCharts | Indian globetrotters are in for a big festive cheer as Thailand recently announced #visa-free entry for Indian citizens for six months.

Several popular tourist destinations are vying for attention from Indians as outbound travel recovers. In September, 2.46 million Indians travelled abroad, and the number has risen sharply since 2022.

Prithvi Raj Singh Oberoi aka ‘Biki’, the doyen of Indian hospitality and Chairman Emeritus of the #OberoiGroup passed away this morning, November 14, Tuesday, said a spokeswoman of the Oberoi Group.

Read here: https://www.read.ht/RGXH

Sam Altman, who recently released a version of ChatGPT with GPT-4 Turbo at OpenAI's first developer day, said the artificial intelligence startup is working on the next-gen AI model GPT-5, but declined to give a timeline for its release.

https://www.livemint.com/ai/artificial-intelligence/openai-ceo-sam-altman-says-chatgpt-is-a-channel-aims-for-magic-intelligence-in-the-sky-11699927074475.html

#PersonalFinance | According to Indian tax rules, gifts received by an individual on any occasion, including a wedding, are exempt from tax totally but those from friends are tax-free only till the limit of ₹50,000, on occasions other than wedding.

Read here: https://www.read.ht/RGZe

#PersonalFinance | A home loan 🏡 is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenure which can be 15 years or more. The total final amount that one pays can be double what was borrowed. But a home loan is among the cheapest loans available & usually, it is the only way a person can buy a house.

Here's a look at the lowest home loan interest rates of some leading banks.

#PersonalFinance | We'll explore some straightforward ways to invest and manage your money so your #Diwali bonus doesn't just bring short-term joy but becomes a guiding star for your financial future.

https://www.livemint.com/money/personal-finance/got-your-diwali-bonus-heres-how-to-make-the-most-of-it-11699942012025.html

India’s Wholesale Price Index (#WPI)-based #inflation fell to -0.52% in October, led by easing of prices of key commodities, according to official data released by the ministry of commerce and industry.

https://www.livemint.com/economy/wpi-inflation-stays-in-negative-for-seventh-consecutive-month-in-october-11699954118614.html

Sahara Group founder #SubrataRoy dies aged 75 after a prolonged illness.

Read more: https://www.read.ht/RGaY

#MintCharts | #Delhi's environment minister again put the odd-even road rationing formula on the table on Tuesday, conditional on the city's air quality index entering the "severe plus" category.

The various exemptions in the past avatars of the scheme have been controversial: a Local Circles survey found most NCR residents were opposed to the exemptions for two-wheelers.