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In December, the US Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.(AFP)

Facebook should be broken up, Silicon Valley democrat says

Bloomberg |
PUBLISHED ON JUN 15, 2021 05:03 AM IST
Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition.
The company will list on the Nasdaq under the symbol 'LDOC'.(File Photo)
The company will list on the Nasdaq under the symbol 'LDOC'.(File Photo)

Alibaba health-backed LinkDoc files for US IPO

Reuters |
PUBLISHED ON JUN 15, 2021 03:58 AM IST
The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31, according to the filing.
West Bengal state finance minister Amit Mitra .(HT photo)
West Bengal state finance minister Amit Mitra .(HT photo)

Authoritarian and majoritarian: Bengal finance minister on GST Council

By Gireesh Chandra Prasad, New Delhi
UPDATED ON JUN 15, 2021 03:26 AM IST
  • Bureaucrats have taken over key committees, undermining the powers of the elected members of the council, Mitra said in a virtual press briefing.
The proposal, if implemented, will end the existing regulatory cap on MFI interest rate.(MINT)
The proposal, if implemented, will end the existing regulatory cap on MFI interest rate.(MINT)

MFIs may get to set interest rates

Livemint | By Shayan Ghosh, Mumbai
UPDATED ON JUN 15, 2021 03:22 AM IST
  • The RBI had on February 5 signalled the need for a framework that is uniformly applicable to all regulated lenders in the microfinance space.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)

Adani shares tank amid FPI a/c confusion

Livemint | By Nasrin Sultana, Ravindra Sonavane, Mumbai
PUBLISHED ON JUN 15, 2021 03:19 AM IST
  • The accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund were frozen on or before May 31, according to the depository’s website, although that only reflects part of the story.
India had a national unemployment rate of almost 12% in May, according to CMIE.(AFP representative image)
India had a national unemployment rate of almost 12% in May, according to CMIE.(AFP representative image)

Unemployment rate falls as Covid-19 curbs ease

Livemint | By Prashant K Nanda, New Delhi
UPDATED ON JUN 15, 2021 03:15 AM IST
  • The urban unemployment dropped to 9.7% in the week ended June 13 against a monthly unemployment rate of 14.7% in May, according to data available with the Centre for Monitoring Indian Economy (CMIE).
The company posted a consolidated profit of <span class='webrupee'>₹</span>4,637.95 crore last year in the same period.(ANI Photo)
The company posted a consolidated profit of 4,637.95 crore last year in the same period.(ANI Photo)
real-madrid-vs-getafe-tv-channel
By hindustantimes.com | Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi
PUBLISHED ON JUN 14, 2021 10:28 PM IST
  • Coal India Limited posted a consolidated profit of 4,637.95 crore last year in the same period. The filing showed that the public sector undertaking’s consolidated sales in the January-March period fell to 24,510.80 crore, from 25,597.43 crore reported in the March quarter of 2019-2020.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(REUTERS)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(REUTERS)

Adani Group shares lose $6 billion despite rejecting reports on investors

Reuters | , Chennai
PUBLISHED ON JUN 14, 2021 08:00 PM IST
Adani Group flagship Adani Enterprises closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade.
People shop at a market after the government eased restrictions as the number of new Covid-19 coronavirus infections dropped, in Gurgaon.(AFP)
People shop at a market after the government eased restrictions as the number of new Covid-19 coronavirus infections dropped, in Gurgaon.(AFP)

Retail inflation soars to 6.3% in May from 4.23% in April: Govt

PTI |
UPDATED ON JUN 14, 2021 06:59 PM IST
This is the fifth straight month of uptick seen in WPI-based inflation. The acceleration in inflation will result in adding pressure on the central bank to tame prices amid a faltering economic recovery.
Crowd at Sadar Bazar market after authorities eased COVID-induced restrictions, in New Delhi, Monday, June 14, 2021.(PTI)
Crowd at Sadar Bazar market after authorities eased COVID-induced restrictions, in New Delhi, Monday, June 14, 2021.(PTI)

WPI inflation hits all-time high of 12.94% in May

PTI |
UPDATED ON JUN 14, 2021 05:45 PM IST
This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation.
While generic equity mutual funds mobilize funds from investors in stocks of companies, sector funds invest money with a focus on one area of the market that have similar offerings of products and services.
While generic equity mutual funds mobilize funds from investors in stocks of companies, sector funds invest money with a focus on one area of the market that have similar offerings of products and services.

Find out more about sector and thematic funds

By HT Brand Studio
PUBLISHED ON JUN 14, 2021 04:20 PM IST
Sector and thematic funds are somewhat diametrically opposite to the popular diversified equity fund formats and as such are commonly misunderstood by those new to the investment arena.
The 30-share BSE index ended 76.77 points or 0.15 per cent higher at 52,551.53.(File Photo)
The 30-share BSE index ended 76.77 points or 0.15 per cent higher at 52,551.53.(File Photo)

Sensex, Nifty scale fresh peaks

By hindustantimes.com, Mumbai
PUBLISHED ON JUN 14, 2021 03:39 PM IST
Reliance Industries was the top gainer in the Sensex pack, rising around 1.5 per cent, followed by Bajaj Finance, ONGC, Infosys, PowerGrid, L&T and IndusInd Bank.
Shivinder Singh, along with his brother Malvinder, was arrested in 2019 for allegedly diverting RLF’s money and investing it in other companies.(Mint Photo)
Shivinder Singh, along with his brother Malvinder, was arrested in 2019 for allegedly diverting RLF’s money and investing it in other companies.(Mint Photo)

Religare Finvest case: Delhi HC rejects Shivinder Mohan Singh’s bail order

By hindustantimes.com | Written by Harshit Sabarwal | Edited by Amit Chaturvedi, New Delhi
PUBLISHED ON JUN 14, 2021 03:03 PM IST
The high court, while rejecting the bail order for Singh, said it is being done as his detention is necessary “not only to unearth the conspiracy he hatched but also to trace the siphoned money he credited for his personal benefits.”
BHEL's total income during January-March 2021 rose to <span class='webrupee'>₹</span>7,245.16 crore, from <span class='webrupee'>₹</span>5,166.64 crore in the year-ago period. (PTI Photo)
BHEL's total income during January-March 2021 rose to 7,245.16 crore, from 5,166.64 crore in the year-ago period. (PTI Photo)

BHEL plunges 18%, weighed down by March quarter numbers

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 14, 2021 12:00 PM IST
BHEL's consolidated net loss narrowed to 1,036.32 crore in the March 2021 quarter, mainly on the back of higher revenues.
At the interbank foreign exchange, the domestic unit opened at 73.21 against the dollar, registering a decline of 14 paise over its previous close.
At the interbank foreign exchange, the domestic unit opened at 73.21 against the dollar, registering a decline of 14 paise over its previous close.

Rupee slips 14 paise to 73.21 against US dollar in early trade

PTI | , Mumbai
PUBLISHED ON JUN 14, 2021 11:35 AM IST
Forex traders said weak Asian currencies and strengthening of the greenback in the overseas market were the other factors that dragged down the local unit.
Reliance Power's move will help Anil Ambani led company to reduce debt cumulatively by $32 billion.(Mint File Photo)
Reliance Power's move will help Anil Ambani led company to reduce debt cumulatively by $32 billion.(Mint File Photo)

Reliance Power approves issue of shares to RInfra, to reduce debt by $13.25 bn

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 14, 2021 10:26 AM IST
Reliance Power's board approved the move in a meeting on Sunday. After the deal is executed, Reliance Infrastructure's holding in RPower will increase to 25 per cent.
Gold, Silver and other precious metal prices in India on Monday, Jun 14, 2021
Gold, Silver and other precious metal prices in India on Monday, Jun 14, 2021

Indian spot gold rate and silver price on Monday, Jun 14, 2021

By HT Analytics
PUBLISHED ON JUN 14, 2021 10:02 AM IST
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Jun 14, 2021
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)

Accounts of 3 FPIs owning Adani Group shares frozen by NSDL: Report

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 14, 2021 09:57 AM IST
Together, the three FPIs own over 43,000 crore in four companies of Adani Group. According to news agency Reuters, the NSDL's move could be because of inadequate beneficial ownership documentation.
Representational Image. (File photo)
Representational Image. (File photo)
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By Rajeev Jayaswal
UPDATED ON JUN 14, 2021 09:55 AM IST
Both petrol and diesel rates have crossed the 100 mark in several cities as highest fuel rates are recorded in Rajasthan’s Ganganagar, where petrol is sold at 107.53 per litre and diesel at 100.37 a litre on Monday
BSE Sensex and NSE said that DHF made an announcement about the approval of the resolution plan under the Insolvency and Bankruptcy Code (IBC). (File Photo)
BSE Sensex and NSE said that DHF made an announcement about the approval of the resolution plan under the Insolvency and Bankruptcy Code (IBC). (File Photo)

BSE Sensex, NSE to suspend trading in DHFL shares from today

By hindustantimes.com | Written by Meenakshi Ray
PUBLISHED ON JUN 14, 2021 09:46 AM IST
BSE Sensex and NSE said in separate circulars on Friday that they would suspend trading in the DHFL shares with effect from Monday.
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai.
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai.

Petrol, diesel prices hiked again: Check city-wise rates here

By hindustantimes.com | Written by Susmita Pakrasi, Hindustan Times, New Delhi
PUBLISHED ON JUN 14, 2021 09:27 AM IST
Petrol price hike: The fuel prices in the nation are changed depending on the crude oil prices in the international market, which in turn impacts the domestic market.
Sensex, Nifty opened in a negative note on Monday, as investors closely monitored India's inflation data for May. (File Photo)
Sensex, Nifty opened in a negative note on Monday, as investors closely monitored India's inflation data for May. (File Photo)

Markets open in red: Sensex down 137 pt, Nifty below 15,800

By hindustantimes.com | Edited by Joydeep Bose
PUBLISHED ON JUN 14, 2021 09:22 AM IST
The 30-share BSE Sensex was down 137.49 points to 52,337 in the opening session. Similarly, the broader NSE Nifty fell 38.60 points lower to 15,760.80.
The Sona Comstar IPO comprises a fresh issue of shares amounting to <span class='webrupee'>₹</span>300 crore. (File Photo)
The Sona Comstar IPO comprises a fresh issue of shares amounting to 300 crore. (File Photo)
royale-casino-in-goa
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 14, 2021 08:02 AM IST
Sona Comstar has allocated a total of 8.6 crore equity shares to 42 anchor investors at 291 a piece.
Shyam Metalics IPO has set a price band of <span class='webrupee'>₹</span>303-306 a share. (File Photo)
Shyam Metalics IPO has set a price band of 303-306 a share. (File Photo)

Shyam Metalics IPO opens today. Check details here

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 14, 2021 07:51 AM IST
Shyam Metalics IPO comprises fresh issuance of equity shares worth up to 657 crore and a 252 crore-OFS by existing shareholders.
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi.(REUTERS)
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi.(REUTERS)

RBI explores avenues to park reserves

Livemint | By Deborshi Chaki, Gopika Gopakumar, New Delhi, Mumbai
UPDATED ON JUN 14, 2021 03:39 AM IST
  • An approval of the plan will mark a shift from the RBI’s current strategy of investing only in gold and sovereign debt, the two said, seeking anonymity.
Automobile sales were hit first due to lockdown measures imposed in Maharashtra to contain the spread of the second wave.(AP)
Automobile sales were hit first due to lockdown measures imposed in Maharashtra to contain the spread of the second wave.(AP)

Exports help keep small biz afloat

Livemint | By Malyaban Ghosh, Shayan Ghosh, New Delhi, Mumbai
PUBLISHED ON JUN 14, 2021 03:26 AM IST
  • The second wave brought about a complete halt in production and sales of vehicles for the domestic market.
Image courtesy: Livemint(Livemint)
Image courtesy: Livemint(Livemint)
uc-cricket
Livemint | By Anirudh Laskar, Mumbai
PUBLISHED ON JUN 14, 2021 03:21 AM IST
  • The country’s largest insurer will also undergo a change in its board structure and adopt new accounting norms before the IPO, the two said on condition of anonymity.
An attendant at a petrol pump fills the fuel tanks of motorists with rates displayed behind him on a digital screen, in Mumbai on Saturday.(Vijay Bate/HT Photo)
An attendant at a petrol pump fills the fuel tanks of motorists with rates displayed behind him on a digital screen, in Mumbai on Saturday.(Vijay Bate/HT Photo)

'Accept rising petrol, diesel prices problematic but...': What minister said

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 13, 2021 04:10 PM IST
Petrol, diesel price: Petrol and diesel prices have been raised on 23 occasions since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in four states and union territory of Puducherry.
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers.(Bloomberg)
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers.(Bloomberg)
rummy-paytm
PTI | , New Delhi
PUBLISHED ON JUN 13, 2021 02:21 PM IST
The valuation of Tata Consultancy Services (TCS) jumped by 47,551.31 crore to reach 12,10,218.64 crore, becoming the biggest gainer among the top-10 companies.
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