India bond yields climb to highest in 3 years as RBI committee starts meeting
India’s sovereign bond yields breached the 7.5% level for the first time in three years as the central bank’s rate-setting panel began its three-day meeting. The benchmark 10-year yield rose as much as four basis points to 7.5%, a level last seen in 2019. Read more.
LIC share price hits new low, market cap dips below ₹5 lakh crore
Extending the sell-off for the fifth straight session, shares of the Life Insurance Corporation (LIC) of India nosedived to its new low today in Monday’s morning deals. LIC share price today opened at ₹800.25 apiece levels on NSE and went on to hit new low of ₹786.10 apiece levels in the opening bell. Read more
Will rupee slide past 80 a dollar this year? Some analysts see a possibility
Indian rupee could slide further after hitting a historic low last month, according to analysts. The currency may drop to between 79 to 81 per dollar over the next few months, according to analysts. Read more
Some IT professionals, bankers leaving top companies. Where are they joining?
Bankers, engineers, data scientists and sales staff from Wall Street, the City of London and Silicon Valley are among those joining an exodus that picked up speed during the pandemic, according to data compiled by Revelio Labs, a workplace intelligence company. Read more
Why Adani Transmission shares are down? Experts list out reasons
After ushering in the new year 2022, Adani Transmission shares gave stellar return to its shareholders till beginning of May 2022. However, from first week of May 2022, this Adani group stock has been under sell-off heat.Read more
Mint Morning Digest
RBI to begin three-day monetary policy meet from today, to decide on key rates
The Reserve Bank’s rate-setting panel will begin its three-day deliberations on Monday to decide the next monetary policy in the backdrop of high inflationary concerns and evolving geo-political situation. Read more.
TVS looks to raise up to $5,000 cr in EV push
TVS Motor Co. Ltd is in advanced talks to raise ₹4,000-5,000 crore from private equity firms to fund the expansion plan of the group’s newly formed electric mobility arm, two people with direct knowledge of the matter said. Read more
Vi looks to grow postpaid user base
Vodafone Idea Ltd plans to grow its postpaid user base and add more high-paying customers to its network through targeted marketing initiatives as part of its broader strategy to boost its average revenue per user.Read more
Inflation relief a mixed bag as prices stay high
A raft of measures by the government over the past month to cool prices has turned out to be a mixed bag so far. While fuel prices have dropped significantly, food prices appeared to be more stubborn, still hovering above where they were a month ago, a Mint analysis showed. Read more
Electric 2-wheeler sales see dip, industry says temporary blip
Registration of electric two-wheelers declined 20% from April to 39,339 in May after a surge in month-on-month sales, according to vehicle registration data on the VAHAN portal. Read more
Chew before swallowing, say AIIMS experts after man chokes on momo
Experts at the All India Institute of Medical Sciences (AIIMS) in New Delhi issued a ‘swallow with care’ warning after reporting a rare case of a man dying from choking on a dumpling.Read more