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- Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%
Power Grid's Q1 FY24 net profit fell 4% to Rs 3,412 crore from Rs 3,542 crore last year. Revenue decreased by 2% to Rs 10,068 crore from Rs 10,245 crore. - Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market in any capacity. The former liquor baron is also barred from any association with listed or proposed-to-be-listed companies. As part of the ban, Mallya's existing holdings of securities, including mutual fund units, will be frozen, the regulator stated. - How schemes of Quant Mutual Fund have performed after one month of Sebi’s raid
Mutual fund investors were shocked when Sebi raided Quant Mutual Fund's offices for alleged front-running. The raid impacted various funds' performance, with some underperforming their benchmarks, while others like Quant Focused Fund outperformed. Despite this, the fund house's assets under management hit all-time highs, reflecting an increase in their total AUM and growth in several key funds. - Adani Energy said to pick banks for $600 million share sale
Gautam Adani’s power transmission unit, Adani Energy Solutions, prepared a share sale of at least 50 billion rupees, with banks ICICI Securities, Jefferies Financial, and SBI Capital as advisers. The sale could conclude by mid-August. - Bandhan Bank Q1 Results: Profit soars 47% YoY to Rs 1,063 crore; NII jumps 21%
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period. - Gold Price Today: After Rs 7,800/10 gram fall in 3 sessions, yellow metal prices rebound
Domestic gold prices recovered on Friday gaining by over Rs 500 per 10 gram in intraday trade, taking cues from international prices. The prices were up ahead of the crucial inflation data in the US which could give more clarity on the timing of the interest rate cuts by the Federal Reserve. - My Partner Told Me About His Fights With His Ex. I Think I’m on Her Side.
The magazine’s Ethicist columnist on how partners can evaluate their romantic histories together — and be honest and respectful in their assessments. - Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
Warner Bros. Discovery has sued the NBA in an effort to keep distributing the league's games, after it chose NBCUniversal and Amazon as new media partners. - WNBA hopes to cash in on rising popularity with media rights reevaluation after 2028 season
The WNBA and its media partners have agreed to reevaluate the cost of rights after the 2028 season given the league's rising popularity. - 'Deadpool & Wolverine' snares $38.5 million in Thursday previews, on pace for record opening
Disney and Marvel's "Deadpool & Wolverine" snared $38.5 million in Thursday previews. - FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
The FAA approved SpaceX to resume flights of its mainstay Falcon 9 rocket after being grounded about two weeks ago following a rare inflight failure. - Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
In the last five years, every large media merger has led to tens of billions in lost value for shareholders. - Sales of $100 million homes set to double this year as trophy properties recover
The comeback marks a stark contrast with the national housing market, which is still feeling the pressure of high mortgage rates and lack of supply. - LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
The LVMH sponsorship is on display throughout the 2024 Paris Olympic Games, which officially kicks off on Friday. - Dublin wax museum removes Sinead O'Connor figure
The National Wax Museum say it will remake a waxwork of the late Irish singer after an unveiling. - How 'El Mayo' Zambada was arrested in the US after 35 years
The last of an original generation of drug lords, the Sinaloa boss evaded capture for decades. Until now. - Three ways Trump is trying to end the Harris honeymoon
Kamala Harris is riding a wave of momentum, but Republicans sense vulnerabilities they can exploit. - Bangladesh police detain protest leaders at hospital
They were being treated for injuries they say were sustained after police tortured them in detention. - 'Boneless' chicken wings can have bones, US court rules
The ruling ends a lawsuit filed by a man who fell ill after swallowing a piece of bone from his boneless order. - SA mass killer dies as victims still demand justice
The 72-year-old South African was convicted for seven apartheid-era murders but was behind many more deaths. - Timberlake 'not intoxicated' during arrest, lawyer says
Police made several errors and should not have arrested the popstar, his lawyer Edward Burke said. - Poland's firearm bill sparks human rights concerns
The bill will allow troops to open fire on migrants crossing the border when soldiers feel under threat. - Leader of Mexico's Sinaloa drug cartel arrested in Texas
El Mayo co-founded the notorious Sinaloa crime syndicate with El Chapo, who is currently jailed in the US. - Rain and cooler weather bring relief from Jasper fire
Fire crews are taking advantage of the pause from hot and dry conditions to battle the still out-of-control blaze. - Death penalty fears for Niger ex-president - lawyer
A year on from the coup ousted President Mohamed Bazoum may face treason charges, his lawyers. - Obamas endorse Kamala Harris for president
Barack and Michelle Obama say Ms Harris has the "strength that this critical moment demands". - EU regulator rejects Alzheimer's drug lecanemab
It said the benefits of the treatment did not outweigh the risk of serious side effects. - Who could have attacked France's high-speed rail?
France's interior minister vows the attackers will be arrested fast, but does not say who was to blame. - 'Atomic bomb hell must never be repeated' say Japan's last survivors
Victims of Hiroshima and Nagasaki believe their horrific past must act as a warning for the future. - Vulnerable, messy and bratty: The pop girlies having a moment
Sabrina Carpenter, Charli XCX and Chappell Roan are providing us with the soundtrack to summer. - My family went to help landslide victims and ended up dead
Meselesh Gosaye's home area in Ethiopia was hit by two landslides that buried hundreds under the mud. - Can budgeting or equitable allocation help mitigate India’s water crisis?
India utilises the most water globally in agriculture, consuming 70% to 90% of the country’s water storage. To address this, we are introducing budgeting exercises with farmers, says Bishwadeep Ghose, Country Head of Water For People (WFP) India, in conversation with businessline’s Subramani Ra Mancombu. - IN-SPACe authorises establishment & operation of ground station by Azista BST Aerospace
IN-SPACe authorizes Azista BST Aerospace for UHF ground station operations, supporting satellite services for Indian and international customers - Navi Nifty 500 Multicap 50:25:25 Index Fund: Should you subscribe?
The only fund tracking the Nifty 500 Multicap 50:25:25 Index till date. But does it offer some unique value proposition? - TRAI seeks comments on separate mobile tariff plans for elderly consumers
TRAI said various stakeholders have expressed a strong preference for extending the validity period of STVs and CVs beyond the current 90-day limit - SBI Card Q1 net flat at ₹594 crore
This is marginally higher than the net profit of ₹593 crore recorded in the same quarter last fiscal - Picking a pharma and healthcare fund post-Covid
Despite the run-up in valuations, the healthcare sector does have a strong investment case - String Bio achieves GRAS status for its microbial protein
It is for use in crustacean feed in the US - Editorial. Unbridled exuberance
The STT hike must be followed by other measures - Government extends EMPS till September with more outlay of ₹778 crore
The scheme was launched in March earlier, for April-July period to support e-2Ws, e-3Ws with Rs.500 crore outlay - RBI introduces PCA framework to improve financial health of UCBs
The Central bank has also prescribed risk thresholds and remedial measures - Bandhan Bank Q1 net up 47.5% at ₹1,063.46 cr
Operating profit jumps over 24 per cent to ₹1,940.89 crore - Reshaping the securities investment landscape
The hike in long-term capital gains tax and STT could lead to reduced market activity in the short run - Pocket
- I Have the Streets: A Kutty Cricket Story
A delightful account of Ashwin’s early days in cricket, and more - Letters to the Editor dated July 26, 2024
- DPR to be prepared for the metro corridor from Poonamallee to Parandur
Chennai Metro Rail signs contract for DPR of Poonamalle-Parandur metro corridor, including 19 stations, completion by November 2024 - Jamsetji Tata: Powerful Learnings for Corporate Success
At the heart of JRD Tata’s ability to build and nurture a strong team was his eye for spotting exceptional talent - Budget’s two key proposals for banking
Credit plans. One is the vision document for the banking sector, and the other is the expansion of India Post payment bank in the North East - Strength in Central Ministries/Dept set to come down by around 48,000
Allocation of pay and allowances, however, expected to rise for this fiscal