 "BS Web Team")
BS Web Team
BS Web Team
The BS Web Team comprises driven writers and editors who are constantly on the lookout for news and analysis, breaking news as it comes in for our readers. The team's special writers also produce original pieces, as well as curated items, that capture the day's happenings with an eye on detail, accuracy, and speed.
The BS Web Team comprises driven writers and editors who are constantly on the lookout for news and analysis, breaking news as it comes in for our readers. The team's special writers also produce original pieces, as well as curated items, that capture the day's happenings with an eye on detail, accuracy, and speed.
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India saw significant decline in multidimensional poverty in 5 years: NITI
Uttar Pradesh recorded the steepest decline in the number of poor with 34.3 million people escaping multidimensional poverty, according to the report
 "India saw significant decline in multidimensional poverty in 5 years: NITI")
Bain Capital in talks to acquire Adani Capital for Rs 1,500 crore: Report
The Adani Group is selling its shadow bank as it looks to realign its business interests and focus on preserving cash
 "Bain Capital in talks to acquire Adani Capital for Rs 1,500 crore: Report")
IPL 2024: New coaching staff for RCB; Hesson, Bangar contracts not renewed
RCB, earlier, rejigged their coaching staff after their last-place finish in 2019 with Hesson joining the team in August
 "IPL 2024: New coaching staff for RCB; Hesson, Bangar contracts not renewed")
CoinDCX collaborates with Jocata over anti-money laundering processes
The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape
 "CoinDCX collaborates with Jocata over anti-money laundering processes")
Oppenheimer releases today: Meet the cast of Chris Nolan's epic historic
Filmmaker Christopher Nolan's upcoming movie Oppenheimer includes an extensive and talented cast, including a few actors who have worked with Nolan in his previous movies
 "Oppenheimer releases today: Meet the cast of Chris Nolan's epic historic")
HDFC Bank Q1FY24 results: Net profit jumps 30% to Rs 11,952 crore
The bank's gross non-performing assets (GNPAs) rose slightly to 1.17 per cent in Q1FY24 as compared to 1.12 per cent in Q4FY23
 "HDFC Bank Q1FY24 results: Net profit jumps 30% to Rs 11,952 crore")
Shehbaz Sharif to step down as Pak PM before next month; all you must know
Pakistan PM Shehbaz Sharif said that he will hand over power to a caretaker government on August 14, paving the way for general elections
 "Shehbaz Sharif to step down as Pak PM before next month; all you must know")
HDFC Bank crosses $100 billion valuation, becomes world's 7th largest bank
On Monday, the bank's market capitalisation crossed $150 billion, making it bigger than Morgan Stanley, Goldman Sachs and Bank of China
 "HDFC Bank crosses $100 billion valuation, becomes world's 7th largest bank")
What is Barbieheimer, the viral trend that is taking the internet by storm
Greta Gerwig's 'Barbie' and Christopher Nolan's 'Oppenheimer' has led to a viral phenomenon on the internet, termed as 'Barbieheimer'
EV makers face legal action over wrongful FAME II incentive claims
An official was quoted as saying that the companies that claimed incentives wrongfully under FAME II would have to pay them back first
 "EV makers face legal action over wrongful FAME II incentive claims")
Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore
An industry executive was quoted as saying that an agreement between Reliance and Ed-a-Mamma is likely to be signed in the next seven to 10 days
 "Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore")
Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore
The two vehicles, FAT 4X4 and GTV 6X6 have special capabilities that will be used by the artillery to carry light and medium guns, respectively
 "Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore")
What is Call of Duty and why are Sony, Microsoft battling over it?
This deal puts an end to the battle between two tech and gaming giants that has been going on since Microsoft announced the acquisition of Activision in January 2022
 "What is Call of Duty and why are Sony, Microsoft battling over it?")
Swiggy forms five-member dedicated team to work on artificial intelligence
The food and grocery delivery firm has already been experimenting with technology by using AI to create images of food products
 "Swiggy forms five-member dedicated team to work on artificial intelligence")
With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks
The Exter comes with many segment-first features which include a voice-enabled sunroof, dashcam, and six airbags across all the variants
 "With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks")
Test results: More than Rs 1 trillion AUM of debt mutual funds under stress
The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk
 "Test results: More than Rs 1 trillion AUM of debt mutual funds under stress")
Route Mobile promoters to sell entire 57.56% stake to Proximus Group
After the transaction, Proximus Opal will make an open offer to acquire another 1.64 crore shares or 26 per cent stake in Route Mobile
 "Route Mobile promoters to sell entire 57.56% stake to Proximus Group")
PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report
In the five years that ended on March 31, 2022, the PSBs were able to recover only 14 per cent, Rs 1.03 trillion, out of the total written-off loans of Rs 7.34 trillion
 "PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report")
Gold, silver prices unchanged; yellow metal trading at Rs 60,000 per 10g
The price of ten grams of 22-carat gold was at Rs 55,000, the same as Saturday
 "Gold, silver prices unchanged; yellow metal trading at Rs 60,000 per 10g")
Top headlines: Ola advances plan for IPO, Govt's FDI push in space sector
Business Standard brings you the latest headlines at this hour
 "Top headlines: Ola advances plan for IPO, Govt's FDI push in space sector")