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Top 12 finance news of the day, July 13, 2020

·4-min read

Top financial highlights of the day:

India's retail inflation for June picks up to 6.09% after increase in prices of food items

India's annual retail inflation rose to 6.09% in June compared with 5.84% in March, pushed by a bigger increase in prices of some food items, government data showed on Monday. Read more

Wipro has no plan to lay off employees due to pandemic: Rishad Premji

Bengaluru, Jul 13 (PTI) Wipro Chairman Rishad Premji on Monday said the company has not laid off any employee due to the COVID-19 impact and has no plans to do so for now. Read more

Gold Price hovers near record highs; silver above Rs. 52000/Gm

Gold price in the domestic market continued their upward move and traded higher by 0.38% at Rs. 49048 per 10 gm. In the previous day's trade, gold hit a high of Rs. 49,230 per 10 gm. Read more

RIL hits record high; becomes Rs. 12-trillion M-cap company

After whopping gains of over 100% since March lows, RIL stock in Monday's (July 13, 2020) opening trade jumped to a new high of Rs. 1917 per share. The stock ever since its rights issue and back to back investment into its digital arm Jio Platforms has been on a high.And in the process the company has now become the first Indian company to hit market cap of Rs. 12 trillion. Read more

Top 4 ways to handle corporate abuse

As we continue to grow up, we gain a lot of responsibilities, and as adults, we need to fulfill our basic needs too. To fulfill those needs, all we need to do is to find a perfect job and have money.
But as we enter the corporate world, the main thing that terrifies everyone about it is corporate abuse. Read more

Fully autonomous self-driving cars may take years to come, experts say difficulties ahead

The road to fully self-driving vehicles remains riddled with obstacles, with years of refinements likely needed, despite Tesla founder Elon Musk’s claim to be able to produce one this year. Musk’s suggestion that Tesla is nearing "Level 5" autonomy appeared to stun the sector, which has repeatedly pushed back forecasts for vehicles able to operate without human help. Read more

Google announces $10 billion for digitalising India

On Monday, Google and Alphabet CEO Sundar Pichai announced $10 billion investment at the Google for India event. "Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India's digital economy. We're proud to support PM @narendramodi's vision for Digital India - many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us," Pichai said in a tweet. Read more

LinkedIn faces lawsuit over claims it 'secretly' read iPhone clipboard data

The clipboard detection in iOS 14 isn’t just prompting developers to rethink app privacy — it’s also putting these companies in legal trouble. Reuters reports that iPhone user Adam Bauer has sued LinkedIn over claims the job-focused social network “secretly” read iOS clipboard data often, including the Universal Clipboard that shares copied content with nearby devices. The Microsoft-owned firm was spying on users, according to the lawsuit, and allegedly violated California law in the process. Read more

VR time machine helps an inventor relive his past

Life is made of fleeting moments that you may easily forget, but one inventor might have found a way to remember it... much of it, anyway. As PetaPixel reports, Lucas Rizzotto recently developed a virtual reality “time machine” that lets him revisit any moment recorded using camera-equipped Snap Spectacles. He just needs to dial in a Back to the Future-style “destination time” to see what he was doing at a given moment from his perspective, complete with flashy effects. Read more

IT industry to see more lay offs as COVID-19 pushes challenges for the sector

Amid the ongoing pandemic crisis, when there is dearth of projects, IT industry across the globe is on a downsizing spree. This is there on account of excessive workforce. Read more

Mark Zuckerberg, Jeff Bezos, Bill Gates really 'self-made'? This viral Twitter thread debunks myths

In 2018, Forbes listed Kylie Jenner, of Kylie cosmetics and reality TV fame, as one of the richest 'self-made' people in America.However, the (then) 21-year-old's nomination stirred up a controversy about what the tag 'self-made' really meant. Many felt that considering she is part of the Kardashian clan and has appeared on her step sisters' unnecessarily famous TV show from age 13, the cosmetics moghul is barely on her own and that Kim Kardashian's star-power was enough to propel young Kylie forward, not to mention her family wealth. Read more

MG Hector Plus six-seater SUV to launch today - Watch it live here

MG is all set to launch the six-seater version of the Hector - the Hector Plus in India today. The car will be placed above the Hector in terms of pricing and will have an additional row of seats at the back.