A new record in IPL, a new plan from banks to protect your money and more: Mint Morning Digest


Bidding frenzy: IPL rights affected 43,050 crores on day one

Tender for Indian Premier League TV and digital media rights hit 43,050 crores on the first day of the online auction as four major broadcasters battle it out for India’s biggest cricket event, two people with knowledge of the development said. Read more

State-owned banks plan data analytics wings to fight fraud

Public banks may soon have dedicated analytics teams to analyze data to track fraud, detect stressed borrowers who may default, and help lenders stay ahead of the competition . Read more

India cannot be forced to sign WTO deal: Piyush Goyal

India cannot be forced to sign an agreement on any issue at the World Trade Organization, Trade and Industry Minister Piyush Goyal warned as he joined ministers on Sunday of Commerce from more than 160 countries in Geneva to negotiate agreements on trade issues in the first of these countries. meeting since the pandemic and the Russian-Ukrainian war. Read more

Asian stocks tumble, bond yields rise amid rising US CPI and China’s Covid-19 scare

Asian stocks fell on Monday and bond yields rose, as searing US inflation reignited worries about even more aggressive policy tightening from the Federal Reserve, and a COVID-19 warning from Beijing added to concerns about global growth. Read more

The anti-profit organization will be integrated into the CCI

The GST anti-profit watchdog, the National Anti-profit Authority (NAA), is expected to be integrated into the regulatory ecosystem of the Competition Commission of India (CCI), with no expansion planned for the NAA beyond November, at the end of his term. Read more

MSME credit demand at pre-covid levels in small towns; subway lag

After three waves of the coronavirus pandemic, small businesses in small towns are borrowing as before, but less in big cities. Read more

Redesign of the CES to make it difficult to compare with previous surveys

The government’s All-India Household Consumption Expenditure (CES) survey is due to be launched on July 1 after an extended interval, but proposed changes by an expert committee set up to examine “quality issues data” in the survey can make comparison difficult. with the previous Read more

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