FIRST
Why is Michelle Obama not contesting a Presidential Election which she is expected to win?
The Democrats are worried and Biden’s decision not to step down is just one of the concerns. They have a great candidate who is expected to win comprehensively against Donald Trump but she is unwilling to contest the election. The candidate is none other than former First Lady Michelle Obama.
Actor Sahil Khan gets bail in Mahadev betting app case
Actor Sahil Khan has been granted bail in connection with the Mahadev betting app case. The decision was made by Additional Sessions Judge V M Pathade on Wednesday, though the detailed order is not yet available. Khan, in his plea, argued that most of the allegations against him were "speculative" and said there was no concrete evidence.
Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
LIC raises stake in IDFC First Bank by 0.2% to 2.68% via private placement
IDFC First Bank has underperformed in the market over the past year, gaining only 3% and declining 8% year-to-date. The stock is currently trading 24% below its 52-week high of Rs 100.74.
New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using PhonePe, Paytm
Credit card bill payment rules: As of July 1, customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer be able to settle their credit card bills using third-party applications such as PhonePe, Amazon Pay, and Paytm.
ONDC to add banks, fintechs to take credit services to last mile
The homegrown Open Network for Digital Commerce (ONDC) will soon integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech companies like Fibe, sources told us. This comes as the network began early pilots for credit disbursal through its platform, by partnering with Tata Group superapp Tata Neu and Paisabazaar.
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Spend management startup Dice raises $5 million from Dallas Venture Capital India Fund
Dice, an enterprise spend management startup, has raised $ 5 million in a funding round led by VC firm Dallas Venture Capital. The company will use the fresh capital for its go-to-market initiatives, like strengthening market penetration and customer outreach.
BJD joins opposition against govt, YSR Congress slams Opposition for disrupting PM Modi's speech
During the first session of Parliament in Modi government's third term, the Biju Janata Dal (BJD) aligned with the opposition, criticising the ruling party, while the YSR Congress Party (YSRCP) maintained a supportive stance towards the Centre. Both parties, facing recent setbacks, hold significant influence in the Rajya Sabha.
Budget Tales: Throwback to Independent India's first Budget
Finance Minister Nirmala Sitharaman will rise in Parliament soon to present this year's Full Union Budget. This marks India's 93rd Union Budget since the inception of regular and interim budgets. Over the years, India has seen 77 regular budgets and 15 interim budgets, totaling 92 budgets presented in Parliament. Here's a glimpse into independent India's inaugural budget.
Bajaj Housing Finance launches Sambhav Home Loans for first-time home buyers
Borrowers will have attractive interest rates with affordable EMIs and the option to choose a repayment tenor of up to 20 years. With this, Bajaj Housing Finance will offer a full suit of offerings in the housing finance sector covering all customer categories.
Does Joe Biden want to drop out of polls race after humiliating US Presidential Debate 2024 performance?
The first leg of the US Presidential Debate 2024 saw a rather exerted and unprepared Joe Biden taking the stage against a formidable opponent Donald Trump, who looked prepared and outrightly set the debate stage ablaze with his fiery logic and words. Meanwhile, President Biden's family is still encouraging him to stay on in the Presidential race after his below-par performance in the Presidential Debate.
US Supreme Court sidesteps dispute on state laws regulating social media
Legal battles over social media control escalate as court decisions differ. The role of content moderation and free speech rights takes center stage in the ongoing debates and legal challenges.
Technical Breakout Stocks: How to trade Home First, Mahanagar Gas and Emami on Tuesday
Indian market bounced back on Monday after closing in red in the previous trading session. The S&P BSE Sensex rose more than 400 points while the Nifty50 closed above 24100 levels.
SoftBank-backed FirstCry, Unicommerce get IPO Nod
SoftBank, Bahl, and Bansal, with an indemnity pact, face losses as FirstCry's online sales dominate, impacting revenue negatively.
Has Melania struck deal with Donald Trump to be part-time first lady if he gets second term? The Inside Story
Melania Trump plans a part-time First Lady role if Donald Trump wins in 2025, prioritizing her son Barron's college years in New York City over full-time duties in Washington, D.C., due to her changed perspective on the unpaid position.
Sebi clears FirstCry and Unicommerce IPO
FirstCry, an omnichannel baby products retailer, and ecommerce enterprise software developer Unicommerce have received approval from Sebi for their IPOs. Pune-based FirstCry had refiled its draft papers with Sebi following queries on its KPIs, while Unicommerce filed for the IPO in January.
Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs cleared
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
Nifty Bank reclaims 52,500; next resistance is placed at 53,000: Experts
The banking index closed above its crucial resistance level of 52,500, The next big resistance is placed at 53,000, suggested experts. AU Small Finance Bank, ICICI Bank, Bandhan Bank, and HDFC Bank saw buying action, while PNB, SBI, Bank of Baroda and IDFC First Bank saw selling pressure.
Delhi Police registers first case under new penal code Bharatiya Nyaya Sanhita against street vendor
Bharatiya Nagrik Suraksha Sanhita has 531 sections (in place of 484 sections of CrPC). A total of 177 provisions have been changed in the Sanhita and nine new sections as well as 39 new sub-sections have been added to it. The act has added 44 new provisions and clarifications. Timelines have been added to 35 sections and audio-video provision has been added at 35 places. A total of 14 sections have been repealed and removed in the Sanhita.
First Presidential Debate Verdict: Did Trump's performance earn him a 1-0 lead over Biden?
Following the debate, a CNN poll revealed that 67% of viewers believed Trump emerged as the winner, while 33% favoured Biden. This marked a significant shift from CNN's post-2020 debate poll, where 53% viewed Biden as the winner compared to 39% for Trump. Viewers expressed concerns over Biden's leadership abilities, underscoring doubts about his performance.
IndiaFirst Life's IPO deferred, not shelved: Rushabh Gandhi
Gandhi said the "IPO plan has been deferred but not shelved", and will align with market conditions, which are expected to be more favourable 18 months from now. The company's earlier attempts were hindered by regulatory and market uncertainties.
Incomplete transmission of policy rates could delay reversal of rate cycle by RBI
RBI faces challenges in rate transmission due to incomplete hikes. Banks show varied transmission rates. Governor Das stresses effective transmission. Rate cuts may come post-October with clearer risk insights.
US Presidential Debate: Did Jill Biden let down President Joe Biden? First Lady under fire after Joe Biden’s 'terrible' performance
Many took to social media to criticize Jill Biden after US President Joe Biden faltered during the Presidential debate. While he appeared to be weak and frail, his opponent Donald Trump took the center stage and was able to easily corner Biden on many issues.
Nifty Bank climbs Mt 53K; here are important levels to track on Friday
The index hit a record high of 53,180, but pared most of the intraday gains and ended with a loss of 59 points at 52,811. IndusInd Bank, Axis Bank and Kotak Mahindra Bank were among top gainers while selling was seen in IDFC First Bank, Bandhan Bank, AU Small Finance Bank and PNB.
Jaishankar's Sri Lanka visit key to India's neighbourhood-first, SAGAR policies: MEA
External Affairs Minister S. Jaishankar's recent visit to Colombo highlighted India's commitment to its 'Neighbourhood First' and SAGAR (Security and Growth for All in the Region) policies, according to the Ministry of External Affairs spokesperson Randhir Jaiswal. During the visit, a new Maritime Rescue Coordination Centre, funded by India with USD 6 million, was jointly commissioned. Jaishankar met with Sri Lankan President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena, engaging in delegation-level talks and inaugurating housing projects.
Nifty Bank rallies nearly 400 points; here are key levels to track on Friday
The bank index witnessed mild profit taking at higher levels. This mirrors the broader trend. The index settled at 51,783. Bandhan Bank, Federal Bank, IDFC First Bank and ICICI Bank contributed majorly to the gains. SBI and IndusInd Bank saw selling pressure.
Bulls take control of Nifty Bank; next target seen at 51,000: Experts
The Nifty Bank rallied for the second day in a row on Tuesday and pushed the index above critical resistance of 50,250. The index closed 438 points higher at 50,440. ICICI Bank, Bandhan Bank, and IDFC First Bank saw buying action with gains of 1-4% respectively while selling was seen in PNB, which closed flat but with a negative bias
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