For CG Power, the trouble started long before it reported serious lapses

• CG Power’s market cap has declined by about ₹400 crore since it reported the unauthorized transactions
• The overseas businesses, which accounted for half of CGL’s revenue, were an overhang as the global slowdown began hurting profitability

Kia Motors launches 'Made in India' SUV Seltos; price starts at ₹9.69 lakh

• Kia Motors' new SUV Seltos comes in both petrol and diesel variants
• Kia Motors has already seen as many as 32,035 Seltos bookings till date

P. Chidambaram to be produced before CBI special court today

• The senior Congress leader was grilled all night at the CBI headquarters
• Chidambaram will be produced later today before a CBI special court in New Delhi, where the probe agency is likely to push for his further custody for interrogation in the matter

Smooth landing for IndiGo, SpiceJet in Q1FY20; yields seen muted in Q2FY20

• India’s domestic air passenger traffic had slowed down in the June quarter
• IndiGo’s revenues increased by about 45% and SpiceJet’s by 35%

DLF shares fall 20%, most in more than two years after Supreme Court notice

• The stock fell for third day in a row to its lowest since February 2017
• SC had issued a notice to DLF based on a petition that highlighted how it had suppressed key information regarding judicial proceedings against its largest chunk of land-bank in Haryana

Who is Rajiv Gauba, the new cabinet secretary?

• Gauba is currently posted as home affairs secretary
• Born in Punjab in 1958, Gauba had earlier replaced Rajiv Mehrishi as the union home secretary

Jet’s loyal flyers seek redemption for Privilege

After Jet’s grounding, JPPL lost its ability to issue partner tickets and share inventories at a fixed rate with partner airlines such as Air France and KLM

INX Media case: The legal options before Chidambaram

• The anticipatory bail filed in the SC will now become infructuous since Chidambaram has been arrested
• The Supreme Court on Wednesday refused an early listing of the case despite repeated mentioning

Is it a wise idea to opt for repo-linked loan?

• RLLR-based home loan will ensure faster rate cut transmission
• In the past, there has been a lot of talk of banks not being able to effectively transmit rate cuts to customers

Smartphones remain a must-buy even in overall slowdown season

• Indian consumers are cutting back on spending during the slowdown, but are loath to skimp on smartphones
• The smartphone market saw the highest-ever Q2 shipment of 36.9 mn units, registering a 9.9% yearly increase

Mint50: Hand-picked mutual funds to build your portfolio

• Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

20-hour non-stop flights: Airline tests ghost flights if passengers can bear it

• Qantas said it will simulate the world’s longest direct flights with Boeing Co. Dreamliners as soon as October
• Australian airline wants to start direct flights connecting Sydney to New York and London by 2022

Meet the investigating officer who scaled a wall to nab Chidambaram

• Two Central Bureau of Investigation (CBI) teams jumped past the boundary wall and swiftly made their way inside
• Leading the charge and scaling the wall deftly was R. Parthasarathy, the CBI’s investigating officer in the INX Media case

Sebi relaxes FPI rules, share buyback norms

• New norms are outcome of the Sebi board meeting, which collapsed 57 circulars into a single one
• Sebi has decided that FPIs may be re-categorized into two categories - Categories I and II - instead of the present requirement of three categories

Paytm says valuation rose 25% to $15 billion

• There are about 14 million merchants using Paytm services and it plans to increase the base to 24 million by the end of this fiscal
• Currently, Paytm sees 800-900 million transactions a month

Population curbs will hit sex ratio

Whether family planning is introduced through coercion or incentives, it leads to a worsening of the sex ratio in patriarchal societies, shows research

Billionaires are facing a corporate debt reckoning in India

• Ratings of some companies in the conglomerates run by billionaires Piramal and Mistry have been cut
• The weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades

Maruti sees new launches, govt steps putting sales back on track

• Rollback of government plan to raise registration charges of new vehicles will boost sector, says automaker
• XL6 will be offered with BS-VI compliant petrol engines in the price range of ₹9.79 lakh to ₹11.45 lakh

UPA's past comes back to haunt Sonia Gandhi in her new role

• With Chidambaram's arrest, the past has come back to haunt Sonia Gandhi in her new role which she took over less than a fortnight ago
• Rahul Gandhi and Priyanka Gandhi Vadra tweeted in P. Chidambaram’s support

IDFC First Bank increases FD interest rates for select maturities

• The bank has revised FD rates on select buckets effective 21 August
• IDFC First Bank offers FDs ranging from 7 days to 10 years

Virat Kohli on bouncers: ‘It's better to get hit early on’

• Kohli and the Indian team are currently touring the West Indies for a full series
• The Indian caption also spoke of his admiration for the Caribbean legend

42 lakh teachers to be trained under HRD Ministry's new initiative 'Nishtha'

• The programme will motivate and train teachers to encourage and foster critical thinking among students
• Teachers will get to develop their skills on aspects related to learning outcomes and competency-based learning

NDA Kerala convenor Vellappally arrested in UAE in ₹19-cr cheque default case

• Thushar Vellappally and his father Vellappally Nateshan run arguably the most powerful Ezhava caste outfit in Kerala
• Vellappally hogged national headlines recently by contesting as a NDA candidate against former Congress president Rahul Gandhi in Kerala's Wayanad

LIC Housing drops 9% to lowest in 8 months after multiple block deals

• Shares of LIC Housing Finance had plunged 14% in past five trading sessions
• Reports indicated that some marque investors are likely to sell about 6.7% shares of LIC Housing Finance

New facility on debit cards, credit cards to make payments easier: 10 points

• The credit or debit cardholder can give a mandate to the card issuer for automated payments to a merchant
• The new e-mandate facility on credit, debit cards come into effect from September 1

RTGS money transfer timing changes from August 26: 5 things to know

• At present, RTGS system is available for customer transactions from 8 am to 6 pm
• RTGS transactions happen in real time

Gold prices today hold steady, silver rates remain soft

• Analysts expects gold prices to remain in a range in near term
• The recent surge in gold prices in India has weighed on demand

Amazon, Microsoft may be putting world at risk of killer AI, says report

• The use of AI to allow weapon systems to autonomously select and attack targets has sparked ethical debates in recent years
• Using facial recognition technology, the drones could "wipe out one ethnic group or one gender

India's July petrol imports hit highest in eight years

• Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011
• India's imports of crude oil have stalled in recent months, with both coal and liquefied natural gas (LNG) also soft

NPS allows you to invest through credit cards. How to do it

• Besides credit card, NPS subscribers can use debit cards and internet banking facilities to contribute online
• If they are making payments through credit cards, NPS subscribers have to, however, keep a note of the charges

Parle, India's biggest biscuit maker, may cut up to 10,000 jobs as slowdown

• Parle, founded in 1929, employs about 100,000 people, including direct and contract workers
• Mayank Shah, category head at Parle, Shah said demand for popular Parle biscuit brands such as Parle-G had been worsening since India rolled out GST in 2017

This festive season, brands plan a ₹20,000-crore ad blitz

• The festive season is expected to contribute more than 25% of overall advertising media spends in 2019
• The spends include marketing and advertising promotions on festive offers and discounts across television, print, outdoor, radio, and digital media platforms

Focus is back on corruption charges during UPA regime

• The allegations against Chidambaram can dent the political future of the Congress further
• With elections to four states in less than six months, Congress may find it difficult to string together a defence on this issue

Amazon opens its largest campus in the world in Hyderabad

• The new campus is the only one owned by Amazon outside the US and will house more than 15,000 employees
• The move is part of Amazon’s expansion plans in India, where retail markets are still to a large extent driven by traditional neighbourhood stores

INX Media case: A bogey that has been haunting former FM Chidambaram

• The CBI’s case is that the INX Media allegedly flouted the conditional FIPB approval, and brought in over ₹305 crore of FDI against the approved inflow
• CBI alleges that INX Media engaged Karti Chidambaram, the promoter director of Chess Management, to resolve the issue

How PC’s arrest is another box ticked as far as the BJP’s manifesto is concerned

• The court also declined interim protection from arrest till Chidambaram approached the Supreme Court
• With Chidambaram’s arrest, the BJP can further dent the Congress’ electoral prospects, weaving a corruption narrative around the top party leader

Consumer goods companies perform fairly well in light of economic slump

• A good monsoon, govt’s inclination to improve rural fortunes are likely to improve the demand situation in the second half
• The volume performance of consumer staples firms in the June quarter shows that some companies have fared better compared to others

Supporting growth will remain RBI’s top priority, show minutes

• With inflation projected to remain stable, a further reduction in rates needs to be given priority, says Das
• There is a need for monetary policy action to support economic activity, close the output gap

'Howdy, Modi' event in Houston sold out, over 50,000 people register

• The live audience will be the largest ever for an Indian Prime Minister in North America and also the largest for a foreign leader in the US other than Pope Francis
• "Howdy", short for 'How do you do?', is a friendly greeting commonly used in southwestern United States

Zomato revises Gold scheme, but eateries to stay logged out

• A key change includes curbs on usage of the Gold scheme to one restaurant per day
• Zomato also puts a cap on the number of Gold unlocks per table, restricting it to 2

Drama enacted for 'voyeuristic pleasure of some': Karti on his father's arrest

• Karti dubs P. Chidamabaram's arrest as a 'politically motivated witch-hunt'
• 'This is a completely trumped up, made for television, made for media kind of spectacle,' says Karti

Hyderabad Literary Fest venue shifted due to fear of anti-govt remarks?

• Hyderabad Public School maintains that it cannot organize the event because the dates are clashing with an event being held at the same time in January 2020
• However, a member of the HPS managing committee said some members have been unhappy over anti-government remarks being made at the event

Govt notifies enhanced warnings, 'quitline' number for all tobacco products

• The toll-free Tobacco Quit-line Services provides counselling and strategies for quitting tobacco use
• The new warnings will come into effect on September 1

Take the lump sum route in ELSS if you need your money in three years

• Market-linked instruments such as equity mutual funds are volatile and require time to grow in value
• If you need your money in three years, you can only invest now (in a one-time fashion) and not as an SIP since ELSS investments are locked for 3 years since the date of investment

Anil Kumble should be chairman of selectors but BCCI needs to raise pay: Sehwag

• Never to mince his words, former opener Sehwag said BCCI needs to pay more for heading the selectors' committee
• The current selection panel, led by MSK Prasad, has faced a lot of flak for it being a lightweight with a cumulative experience of 13 Tests

Delhi metro-Noida metro connectivity: 10 things to know about new walkway

• The walkway links Sector 52 station of Blue Line with Sector 51 of Aqua Line
• Commuters have been waiting for long to get such a facility for travelling between Greater Noida and Delhi