Lights out for CG Power as serious lapses are revealed

• Disclosure of accounting irregularities is the latest scandal to hit India Inc
• Avantha has a negligible stake in CG Power, as lenders invoked the pledged promoter shareholding

Low-quality Chinese batteries could slow down India’s EV drive

• As China nudges battery makers to move up the value chain, makers of older models are finding few takers
• India is currently giving final touches to a plan to build Tesla-style giga factories to develop its own domestic battery manufacturing ecosystem

CBI at Chidambaram’s door after HC rejects anticipatory bail plea

• Quick on the heels of the CBI, officials of the Enforcement Directorate (ED) also arrived at his residence
• P Chidambaram, a seven-time Lok Sabha MP, is now a Rajya Sabha member

Steps by govt can drive revival in auto sector: Hyundai India CEO

• The demand slowdown in the market is ‘very much cyclical and not structural’, says Seon Seob Kim
• Kim said such a positive step was necessary under the current circumstances in order to make 'people come forward'

Islamabad to move ICJ over Kashmir issue

• An overwhelming majority in the UN Security Council stressed Kashmir is a bilateral matter between New Delhi and Islamabad
• Imran Khan told a rare joint sitting of Pakistan’s parliament that he will raise the Kashmir issue at every forum including the UN Security Council and also take the matter to the ICJ

Tax notices to soon carry an identification number

• DIN is likely to improve transparency and bring down the processing time of notices
• DIN won’t be limited to new tax notices. It will also be issued to all the pending cases after they get computerized

Startup investments stay strong despite slowdown

• Funding in the first half of 2019 touches $4.7 bn, compared with $4.3 bn a year ago
• Investor interest in tech startups is healthy, despite a gloomy outlook for the economy

Link Aadhaar to Facebook? Apex court seeks response from government

• Govt’s response on the issue is crucial given that SC has upheld the right to privacy as a fundamental right in 2017
• The court sought their responses by 13 September

What does the Zomato vs restaurants row mean for customers?

• If you have recently bought a Zomato Gold or Infinity pass, this might mean fewer discounts for you for the time being
• If you are planning to buy one of these deals, it might be wise to wait till the dust settles to make your purchase

How China is trying to quell Hong Kong’s protests without troops

• China has unloaded a wide range of firepower against against the city’s fractious opposition in recent weeks
• China has repeatedly shown its willingness to use its leverage as the world’s largest trading nation to express political displeasure

OnePlus TV to launch in September, India will get it first: CEO Pete Lau

• Lau explained that India was given preference because the company had a very 'positive relationship with content providers' here.
• He also hinted at the possibility of integrating modern technologies such as 5G, AI, VR and AR within the TV

Ahmedabad-Mumbai and Delhi-Lucknow Tejas Express to be handed over to IRCTC

• The railways also said on-board ticket checking on IRCTC trains will not be done by the railway staff
• The two trains will run six days a week

The revolt against food delivery apps

Ordering in is now an indispensable part of daily life. That’s why restaurants are getting that sinking feeling

Mark Ramprakash, Jonathan Trott among names interviewed for India batting coach

• In July, the tenure of coach Ravi Shastri and his support staff came to an end but they were given a 45 day extension
• Thilan Samaraweera, Pravin Amre, Amol Muzumdar, Hrishikesh Kanitkar and Vikram Rathour were also interviewed for the positions of India assistant Batting coach

After Shell India offloads stake, Mahanagar Gas can travel light

• With the stake sale by Shell India out of the way, shares of MGL rose as much as 8% on Tuesday to ₹848.60
• Shell sold 9.88 million shares at a price of ₹780 per share, according to data from the stock exchanges

Falcon Edge invests $1 mn in vPhrase, eyes early-stage bets

• vPhrase Analytics says it has raised a $2-million Series A round from Bharat Innovation Fund and Falcon Edge Capital
• Funds will be used for expansion and to launch its latest product Explorazor

Boris Johnson tells Modi Kashmir a bilateral issue, calls for India-Pak dialogue

• The conversation came against the backdrop of the Indian government's revocation of Jammu and Kashmir special status under Article 370
• The telephone conversation came ahead of the G7 meeting in France over the weekend

CEO plans 20% cost cuts to resuscitate Fortis

• Fortis is looking to squeeze spending to reduce expenses by $31 million over the next two years
• Fresh capital expenditure of $84 million is also in the offing

Lower prices, slowing volumes may dim prospects of Nifty Metal index

• In the last month, the Nifty Metal index lost 14.3%, which was among the highest in the sectoral indices
• SAIL has lost as much as 55% this past year, JSPL 49%, Tata Steel 40% and Vedanta 36%

Apple TV+ set for November launch in challenge to Netflix, Amazon Prime

• The streaming service will launch globally in over 150 countries and the firm is weighing a price of $9.99 a month
• With its first foray into video subscriptions, Apple is weighing different release strategies for shows

Bequest to unborn child is void if there’s no intervening life interest

• Bequest in favour of unborn child is also void if the child was not born at the time of the death of the testator
• Assuming that you are the sole living heir of your father and your sister passed away without heirs, the ancestral house will be transmitted to you by way of succession

Record margins for cement firms a history that’s unlikely to repeat

• Higher cement prices and easing costs aided margins of producers in the June quarter
• With cement prices now correcting across the country, margins are unlikely to sustain

India to purchase surplus electricity from Bhutan’s state-run Druk Green Power

• Electricity from the power plant will be supplied to Assam, Bihar, Odisha and West Bengal
• Bhutan, located between India and China, can generate 30,000MW of hydropower

Compliance culture of Indian banks unsatisfactory: RBI deputy governor

• The Reserve Bank has imposed monetary penalties on 70 occasions totalling ₹122.9 cr in Jan-Jul this year
• The central bank has observed various gaps in compliance, Jain said

HC finds Ratul Puri’s replies evasive, denies him anticipatory bail

• The Delhi high court said Puri’s custodial interrogation was required for an effective investigation
• Puri, in his plea had challenged the 6 August order of a special court, which had dismissed his anticipatory bail application

The introduction of NEXT may usher in a new era of reforms

• There is reason to believe the NMC will put an end to the existing rigid regulation
• The reason for introducing an exit test was to shift towards outcome-oriented regulation

Why fly 44-year-old jets when old cars not on road: IAF chief BS Dhanoa

• In February, Wing Commander Abhinandan Varthaman had shot down a Pakistani F-16 flying a MiG-21 Bison during a dog fight
• Air Chief Marshal Dhanoa was referring to the MiG-21 fighter aircraft that had been inducted into the force in 1973-74

Top health insurance plans for you

• Here is a comparison of top health insurance plans for different sum assured and across different age groups
• Only the A-rated health insurance plans have been shown here

National Medical Commission Act has two key contradictions

The NMC Act 2019 contemplates a national exit test (NEXT), which would be serving the purpose of NEET

RIL, Trident, Medanta among firms making a beeline for J&K

• From fitness centres and hospitals to providing jobs, India Inc. has made many announcements
• Mukesh Ambani-led RIL said it will set up a special task force to prepare plans for the region’s developmental initiatives

Trump rings up Khan, asks him to tone down rhetoric against India

• US President calls Pakistan PM after speaking with Modi, asks him not to escalate the situation in Kashmir
• the US President reaffirmed the need to avoid escalation of the situation and urged restraint

Filters to apply before exiting an underperforming mutual fund

• You need to compare a fund’s performance with that of the benchmark and peers, besides other factors
• Different strategies can have different outcomes on return and work well at different points of time

Yediyurappa inducts 17 ministers into his cabinet

• Cabinet formation was entirely directed by the national leadership, say party leaders
• Three Vokkaligas—Dr. C.N Ashwath Narayan, C.T.Ravi and R.Ashok—are part of the cabinet

Gaps in government’s sweeping reforms in medical education

• The legislation which replaces the controversial MCI remains silent on a number of crucial issues, say experts
• The NMC Act aims to improve access to quality and affordable medical education, and ensure availability of adequate and high quality medical professionals in all parts of the country

10 facts on how mosquitoes pose a threat to half the world

• Hitting mosquitoes where it hurts – their eggs – is one way of controlling pesticide-resistant insects
• About 90% of all malaria deaths occur in Africa. Currently in Burundi more than half the population is infected with malaria

Restaurants tell food apps to end deep discounting

• The dining platforms will come up with plans to modify schemes, say restaurants
• Restaurant body asks platforms to make changes to their features to end deep discounting

Govt moves to appoint heads of BoI, BoB, PNB and Canara Bank

• Govt has invited applications for the top posts in BoI, BoB, PNB and Canara Bank
• The Banks Board Bureau (BBB) has invited applications for the post of managing director (MD) and chief executive officer (CEO) in four leading public sector banks

Tax on your gold and real estate investments

• If you choose to reduce exposure to gold and real estate, do pay attention to the tax rules that will apply
• Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes

US sanctions on Huawei bite, but who gets hurt?

• China already has a policy seeking technological independence by 2025
• Huawei is the world's leading provider of networking equipment, but it relies on US components including computer chips

Opinion | Tilting at more than windmills in the subcontinent

Given the backdrop, the US would be unwise to turn to Pakistan as a strategic partner

Shell exits city gas biz, sells stake to MGL for ₹770 crore

• According to stock exchange data, BG Asia Pacific Holdings, a wholly owned subsidiary of Shell, sold 9.98 million shares through block deals at ₹780 each
• When Mahanagar Gas was listed on 1 July 2016, Shell acquired a 34% stake in the company through BG Asia Pacific

What is downside protection and why is it important?

Protecting downside is important because a steep fall, especially in the initial years of investment, can eat into the capital and affect the ability of the portfolio to compound and grow

Consumer firms widen rural reach to tide over slowdown

• Dabur, which is bolstering its rural footprint, is looking to expand to up to 65,000 villages by March 2021
• Rural consumption has significantly slowed down in the past year impacting the sales volume growth of consumer goods companies

Opinion | Some tax relief for our corporate sector

A low rate of corporate tax should apply to all companies in India, big or small, as a panel on direct taxes has recommended. This would help India Inc. turn globally competitive

H2O.ai raises $72.5 million led by Goldman Sachs and Ping An

• H2O.ai plans to use the funds to accelerate innovation and expand sales and marketing globally
• With the latest fundraise, the company has secured around $147 million so far

Postal Department release stamp of Vande Bharat Express

• In February this year, PM Narendra Modi had flagged off the train's maiden run from New Delhi to Varanasi
• The new set of Train 18 is likely to commence operations between Delhi and Katra

In pics: Delhi gets new buses after a gap of eight years under Cluster scheme

• All the buses will be non-air conditioned
• The new buses are also equipped with CCTV cameras and rear surveillance cameras