Sashidhar Jagdishan, new CEO of HDFC Bank
It has been reported that the Future Group is looking to sell at least 10% stake to a global retailer.Photo: Mint
It has been reported that the Future Group is looking to sell at least 10% stake to a global retailer.Photo: Mint

Personal debt of Biyani a hurdle before RIL acquiring Future Group businesses

  • A Rs23,000-crore, all-cash deal between Reliance Industries Ltd and Future Group for the acquisition of retail and lifestyle businesses of the latter was supposed to be announced 30 July
  • According to persons directly aware of the discussions, further decision on the deal may be taken in another ten days

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AP Photo/Andy Wong
AP Photo/Andy Wong
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Market LIVE: Indices up nearly 2%; HDFC Bank gains as RBI clears new CEO

  • Markets soar as RIL, HDFC Bank, Maruti clock impressive gains
  • RBI clears Sashidhar Jagdishan's name as the next CEO of HDFC Bank

HDIL is under corporate insolvency resolution process
HDIL is under corporate insolvency resolution process

Adani group shows interest to acquire debt-laden HDIL

  • Five other players have also shown initial interest to acquire HDIL
  • In a regulatory filing, Housing Development and Infrastructure Ltd (HDIL) shared the provisional list of prospective resolution applicants

Signage is displayed outside the employee parking lot of Johnson & Johnson headquarters in New Brunswick, New Jersey. (Bloomberg)
Signage is displayed outside the employee parking lot of Johnson & Johnson headquarters in New Brunswick, New Jersey. (Bloomberg)

Johnson & Johnson nasal spray approved to treat suicidal people

  • The drug’s approval last year marked the first major breakthrough for depression since 1987
  • America has been in the throes of a suicide crisis even before the pandemic, with the rate rising 30% from 1999 to 2016

A file photo of US President Donald Trump. (AP)
Gold rate today: Prices on MCX inched closer to  ₹54,000 per 10 gram

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Exide may also reap the benefits of improving operating leverage in the coming quarters as volumes rise after the easing of lockdown.
Ram Ki Paidi illuminated ahead of the ground-breaking ceremony for the construction of the Ram Temple, in Ayodhya. (Photo: Mint)
The Nexa chain of dealerships was formed by Maruti in 2015 to sell its premium vehicles such as the Baleno.
The Nexa chain of dealerships was formed by Maruti in 2015 to sell its premium vehicles such as the Baleno.

Brand Nexa: A success story from Maruti stable

  • Since the launch with the sole brand S-Cross, today Nexa sells five premium models of Maruti
  • At present, there are 370 Nexa showrooms across 200 cities

Sashidhar Jagdishan had joined HDFC Bank in 1996
SpiceJet customers booking a ticket during the sale will get a complimentary voucher with a maximum value of  ₹2,000 per booking. (Reuters)
Companies saved huge expenses on freight, travel and boarding, advertising and promotion, while some even cut back on salaries and other fixed costs such as rentals. (Photo: Mint)
One of the first South African Oxford vaccine trialists looks on as a medical worker injects him with the clinical trial for a potential vaccine against the COVID-19 coronavirus. (AFP)
One of the first South African Oxford vaccine trialists looks on as a medical worker injects him with the clinical trial for a potential vaccine against the COVID-19 coronavirus. (AFP)

He made $3 billion in 2008 market crash. His new bet is linked to covid vaccine

  • The only other firm of note that has stood by Oxford Biomedica for as long is M&G Plc, the investment-management arm spun out of insurer Prudential Plc
  • Vulpes Investment’s 14% interest in London-listed Oxford Biomedica is now worth 94 million pounds ($123 million)

Malls and market places will be allowed to work from 9 am to 7 pm from Wednesday. (AFP)
Going ahead, investors will watch the market share recovery of Colgate Palmolive. (Photo: Bloomberg)
Dell brings with itself a decade of experience in managing a remote workforce, across teams, countries and continents.
Dell brings with itself a decade of experience in managing a remote workforce, across teams, countries and continents.

Freelancing sites thrive at the times of covid crisis

  • On Upwork., client and freelancer registrations have jumped 50% since mid-March
  • On Freelancer.com, user sign-ups from the US rose by more than 30% between February and July, year over year

Jatin Kishore and Pratibha Verma have secured second and third positions respectively. Photo: Mint
Mumbai: Traffic moves at slow pace on the Western Express highway due to rainfall. (PTI)
Mumbai: Traffic moves at slow pace on the Western Express highway due to rainfall. (PTI)

Mumbai rains: Government offices declare holiday

  • A holiday has been declared for all state government offices in the Mumbai and Mumbai suburban region today
  • The IMD earlier issued a red alert, predicting extremely heavy rainfall in parts of Mumbai, Thane, Pune, Raigad and Ratnagiri districts

Sashidhar Jagdishan
A file photo of Delhi University’s St Stephen’s College. (Priyanka Parashar/Mint)
A file photo of Delhi University’s St Stephen’s College. (Priyanka Parashar/Mint)

DU exams: Barely a week to go, students grapple with multiple challenges

  • The online open-book exams (OBE) for final year undergraduate and postgraduate students of Delhi University are scheduled to begin from August 10
  • Earlier, the OBEs were scheduled to start from July 1. They were later postponed to July 10 and subsequently to August

After the actor's demise on June 14, KK Singh asked the police to take action against the people named in the complaint given by him on February 25,
After the actor's demise on June 14, KK Singh asked the police to take action against the people named in the complaint given by him on February 25,

Sushant Singh Rajput death case: Bihar govt recommends CBI investigation

  • Nitish Kumar said he told the DGP to initiate necessary steps to immediately send a proposal to the state government in this regard
  • The 'state government would formally recommend the case to be handed over to the CBI today itself after completing all the procedures and formalities', the CM said

The ad featured Big B sporting traditional kurta and a shawl, sitting on a recliner and holding a mobile phone with the famous Amul Girl standing right next to him.
The ad featured Big B sporting traditional kurta and a shawl, sitting on a recliner and holding a mobile phone with the famous Amul Girl standing right next to him.

Big B thanks Amul for special ad treat; slams troll saying never endorsed it

  • Amul added a witty tagline to their tribute. 'AB beats C'. 'AB' refers to Amitabh Bachchan and 'C' refers to coronavirus
  • He also hit back at a troll who suggested that he was paid for the advertisement.

Donald Trump said the position was overpaid, and the CEO should not make more than $500,000 annually (AP)
Donald Trump said the position was overpaid, and the CEO should not make more than $500,000 annually (AP)

Trump ousts board members of US largest public utility over outsourcing jobs

  • Donald Trump, who has the authority to appoint the TVA board, said he was removing its chairman James Thompson and Richard Howorth
  • The move comes weeks after Donald Trump sparked criticism from business groups over his decision to suspend the entry of certain foreign workers on H-1B visas

A worker arranges BCG vaccine in a box as the newly established Current Good Manufacturing Practice (cGMP) facility rolled out the first batch of 4.5 lakh doses of the vaccines for the Universal Immunisation Programme, at Kings Institute, in Chennai. (PTI)
A worker arranges BCG vaccine in a box as the newly established Current Good Manufacturing Practice (cGMP) facility rolled out the first batch of 4.5 lakh doses of the vaccines for the Universal Immunisation Programme, at Kings Institute, in Chennai. (PTI)

To transport covid vaccines, giant freezers set up. Temperature: -80 Celsius

  • Researchers are working feverishly to create effective vaccines and treatments, with multiple projects at various stages of development
  • FedEx and DHL Global Forwarding also have been expanding their temperature-controlled transport capabilities

This 2020 electron microscope made available by the U.S. Centers for Disease Control and Prevention image shows the spherical coronavirus particles. (AP)
This 2020 electron microscope made available by the U.S. Centers for Disease Control and Prevention image shows the spherical coronavirus particles. (AP)

Monoclonal antibodies seen as 'almost a sure bet' against Covid. What are they?

  • Monoclonal antibodies - grown in bioreactor vats - are copies of these naturally-occurring proteins
  • Development of monoclonal antibodies to target the virus has been endorsed by leading scientists

New Delhi: A nurse ties 'rakhi' on the wrist of a patient on the occasion of 'Raksha Bandhan', at CWG Village COVID-19 care centre near Akshardham, in New Delhi, (PTI)
A view of the deserted street during the lockdown in Srinagar. (ANI)
A view of the deserted street during the lockdown in Srinagar. (ANI)

Article 370: Curfew imposed across Kashmir ahead of first anniversary

  • Police and CRPF personnel were deployed in strength across the valley to ensure that the plans of the separatists to disturb peace did not succeed
  • The authorities had announced on Monday that the curfew would be imposed in Srinagar and other parts of the valley

Raat Akeli Hain
Reserve Bank governor Shaktikanta Das. (Reuters)
Reserve Bank governor Shaktikanta Das. (Reuters)

Why RBI’s policy rate should not drop below 4%

  • Since 4% is also the country’s official inflation target, any interest rate below that would alert large numbers of people to the likelihood of losing money kept with banks and send them scurrying into risky investments

US President Donald Trump. (Bloomberg)
Total assets of LIC stood at  ₹31,96,214.81 crore at the end of March 31, 2020.
Microsoft CEO Satya Nadella.
Producing vaccines and deploying them to the world’s population in the midst of a pandemic would be a massive challenge. (Reuters)
Producing vaccines and deploying them to the world’s population in the midst of a pandemic would be a massive challenge. (Reuters)

Hope for vaccine: Novel coronavirus strains show little variability, study finds

  • The researchers at the University of Bologna in Italy mapped the spread and the mutations of the virus during its journey to all continents
  • The findings show that the novel coronavirus presents little variability, approximately seven mutations per sample

Congress leader Siddaramaiah speaks to media, in Bengaluru. (ANI)
The new Executive Order ensures that US federal agencies will prioritise hiring Americans rather than signing on foreign workers majority of those who are on H-1B visas.. (AFP)
Severe waterlogging in various parts of Mumbai following incessant rainfall in the city. (ANI)
Severe waterlogging in various parts of Mumbai following incessant rainfall in the city. (ANI)

Mumbai rains: Local trains stopped; offices shut

  • The IMD said that extremely heavy rain will occur at isolated places in Mumbai, Thane and Raigad districts
  • Mumbaikars are advised not to venture out on August 4 and 5

Police have asked the restaurant to provide the CCTV footage, the details of the cook and the license (Image for representation. )
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