PSU banks to offer home, auto loans on ‘59minutes’ portal

• SBI, Union Bank of India and Corporation Bank to extend in-principle approval to loans of up to Rs5 crore through the portal
• The platform has helped in expediting loan disbursement and bringing ease in banking process by saving time for both bankers and customers

Kashmir India's internal matter: US defence secretary Mark T. Esper

• US defense secretary Mark T. Esper told Rajnath Singh that Kashmir was an internal matter of India and that all India-Pakistan issues need to be settled bilaterally
• Rajnath Singh also raised the issue of cross-border terrorism and appreciated US support to maintain peace and stability in the region

Pakistan to approach ICJ over Kashmir issue: Shah Mehmood Qureshi

• An in-principle decision has been taken to take the issue of Kashmir to the International Court of Justice, Pakistan foreign minister Shah Mehmood Qureshi said
• India has categorically said the scrapping of Article 370 to revoke the special status of Jammu and Kashmir was an internal matter

Government extends temporary allocation of Jet Airways' slots to others till Dec

• Due to a fund crunch, Jet Airways shut down its operations on 17 April
• Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier

DBS Bank to enter India's credit card market next year

• Singapore-based DBS’ move highlights its efforts to tap growth outside its home market to offset weakness in the local economy
• Global rivals, such as Citigroup, also looking to expand their credit card customer base in India

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

Another Asian debt crisis likely on the cards, warns McKinsey

• The warning shot comes as a slowing global economy puts pressure on earnings at Asian companies
• Mckinsey found over 23,000 companies across eleven Asia-Pacific countries firms, is facing face “significant stress” in servicing debt obligations

Hyundai launches Grand i10 Nios starting at ₹4.99 lakh

• Hyundai Grand i10 Nios is the third launch of the company this year after compact SUV Venue and and electric SUV Kona
• Grand i10 Nios will come with Bharat Stage 6 emission norm compliant petrol and diesel engine variants

Yes, Donald Trump can win re-election; but he’s right to worry

• Donald Trump’s approval rating is 43% in two new surveys by NBC/Wall Street Journal and Fox News.
• Despite low unemployment, record stock market highs, his approval has averaged in the low 40s steadily through his presidency

Link bulk deposits to repo for effective transmission of interest rates: SBI

• Reserve Bank of India Governor Shaktikanta Das has stressed the need for the entire banking system to link their loans and deposits pricing to the repo rate
• A dozen public sector banks, including State Bank of India (SBI), have voluntarily linked their interest rates to repo

The 90 degree challenge for Chandrayaan-2

• Chandrayaan-2 is set for its historic soft landing on the moon on 7 September
• It was injected into the moon’s orbit on Tuesday. It would undertake four more manoeuvres to reach the final orbit around the moon

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

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

Expect more fire from Jofra Archer: Ben Stokes warns Aussies ahead of third Test

• Jofra Archer, who made his Test debut in the second match at Lord's which ended in a tense draw, returned match figures of 5/91
• It was not just pace -- touching speeds of around 95mph -- by which he impressed all but it was more his attacking bouncers which troubled the Australian batsmen

Buy gold ‘at any level,’ Mark Mobius says as central banks cut rates

• 'Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up'
• 'You have all these currencies, new currencies coming into play... There’s going to be a demand for real assets, and that includes gold

Rupee falls to over 6-month lows against US dollar: 5 things to know

• A rebound in crude prices from recent lows and continued outflows from Indian stock market dragged down the rupee
• The broad rise of the US dollar also weighed on the rupee

IL&FS case: NCLAT refuses interim relief to Deloitte, BSR Associates

• The NCLAT said NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter
• The NCLT, however, will not pass any final order till its next hearing on 20 September, the NCLAT said

Losing Steve Smith for third Ashes Test massive blow: Glenn McGrath

• In a big blow to Australia, Smith was ruled out of the third Ashes Test against England beginning on Thursday
• The 30-year-old had initially passed a concussion test and returned to complete his innings before he was eventually dismissed for 92

Virat Kohli one Test win away from equalling MS Dhoni’s captaincy record

• Should India win the First Test against West Indies in Antigua, Kohli would equal the record of former India captain MS Dhoni
• Dhoni led India to 27 Test win in 60 matches while Kohli currently has 26 wins under his belt in 46 Tests

The Chinese conundrum facing Indian policymakers

In the midst of an intensifying trade war between the two global economic giants, India’s exports to China have grown faster than exports to the US

Maruti offers free warranty for diesel cars as sales plummet

• The warranty scheme will be available on diesel variants of Swift, Vitara Brezza and S-Cross
• At the end of FY19, Maruti’s diesel vehicle sales stood at 23% of the company's overall sales

TCS surpasses RIL to reclaim most valued firm by market capitalisation

• At the end of trade today, the market valuation of TCS was at ₹8,20,702.82 crore, which is ₹11,835.13 crore more than that of RIL's ₹8,08,867.69 crore
• Shares of TCS rose 1.09% to close at ₹2,187.15 apiece on the BSE, while those of RIL fell 1.25% to ₹1,276

Yogi Adityanath to reshuffle UP cabinet tomorrow, 6 ministers put in papers

• Rajesh Agarwal, UP finance minister, has already sent his resignation
• UP BJP president Swatantra Dev Singh, who was the transport minister, had already put in his papers on Monday

New Delhi emerges world's 10th fastest growing residential market: Knight Frank

• Residential prices in New Delhi witnessed a growth of 4.4% in the second quarter of 2019
• Prices in Bengaluru increased by 2.8%, while Mumbai saw a marginal growth of 0.8%

India’s digital divide is not just about accessibility

The disparity among mobile phone users can constrain the government in achieving the desired outcomes of ‘Digital India’

INX Media case: Delhi HC dismisses anticipatory bail plea by P Chidambaram

• The case relates to a First Information Report registered by the CBI on 15 May 2017
• The FIR was against alleged irregularities in the FIPB clearance given to INX Media for receiving overseas funds in 2007, when P Chidambaram was the finance minister

Here’s what Shell India selling 10% stake in Mahanagar Gas means for the stock

• In April 2018, Shell had sold 8.5% stake in MGL and a further 14% stake was sold in August 2018
• Excluding Tuesday’s sharp increase, MGL’s shares had declined by almost 24% so far in this financial year

Wipro, IISc to jointly innovate in robotics, 5G

• The industry-academia partnership will focus on research and development (R&D) in disruptive technologies
• Wipro Chief Executive Abidali Neemuchwala said the partnership would enable them to develop innovative solutions in transformative technologies

Vodafone Idea’s CEO exit comes amidst high subscriber churn

• Vodafone Idea keeps up broadband subscriber additions to protect its revenue market share
• Cumulatively, Vodafone Idea’s subscriber market share has dropped from 38.4% in July 2018 to 32.9% in June this year

Google removes 27 apps that guided users to fake Play Store

• These apps were designed to infect devices with adware after someone fell prey to their continuous installation prompts for fake "Google Play Store"
• The fake "Google Play Store" remained in the device even after its parent app was uninstalled

$3.3mn grant for Indian-origin researcher to manage battery waste

• Veena Sahajwalla. Founding Director of UNSW's Centre for Sustainable Materials Research & Technology (SMaRT), received the $3.3 million grant
• She has developed advanced manufacturing capabilities that focus on small-scale processing of materials produced from battery and consumer wastes

Mahindra Finance to acquire 58.2% stake in Sri Lanka's Ideal Finance for Rs80 cr

• With the JV with Ideal Finance, Mahindra Finance aims to replicate its business model in Sri Lanka
• Ideal Finance focusses on rural and semi-urban sector

Trump tells Imran to tone down rhetoric

• US President Donald Trump dialed Pakistan prime minister Imran Khan after speaking to Indian prime minister Narendra Modi
• He asked Khan to tone down the rhetoric against India and avoid escalation of the situation in Jammu and Kashmir

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

NRC in Assam India's internal matter: Jaishankar

• Jaishankar is in Dhaka on a two-day visit, his first to Bangladesh after taking over the charge of External Affairs Minister
• Jaishankar's remarks came ahead of the publication of the final list of the NRC in Assam on 31 August

NSE revises eligibility criteria for inclusion of shares in Nifty indices

• Earlier, Only those equity shares that were listed and traded on the exchange were eligible for inclusion in the Nifty indices
• Now, scrips that are not listed on the exchange but are permitted to trade would also be considered for inclusion in the indices

Chandrayaan-2 enters moon’s orbit

• Chandrayaan-2 successfully entered the moon’s orbit, early morning on Tuesday
• The next Lunar bound orbit maneuver would be carried out on Wednesday between 1230-13:30 pm

Opinion | Help the economy talk itself up

The ball is in the government’s court, rather than RBI’s. Ever since New Delhi’s admission of the urgent need to address India’s economic woes, it seems inundated by advice.

Govt panel suggests 25% corporate tax for all companies: Report

• The panel headed by Akhilesh Ranjan, a member of the central board of direct taxes, delivered its report to Sitharaman on Monday
• A finance ministry source who reviewed the report said it recommended an overhaul of the Income Tax Act

Yamuna floods homes, thousands shifted

• The Yamuna breached the danger mark of 205.33m on Monday night and was expected to get more water by late Tuesday or early Wednesday
• The water level was rising due to rains in northern India and discharge of water from Hathni Kund Barrage in Haryana

Sebi mulls tighter checks on rating agencies, reward and hotline for informants

• Sebi also planning to ease norms for 'Muni Bonds' to allow smart cities and other entities undertaking tasks similar to municipalities to raise funds
• At a board meeting on Wednesday, Sebi is likely to take up issues relating to mutual funds, startup listing platform and buybacks

The legendary Nokia 105 gets a refresh in India

• The Nokia 105 would be available for ₹1,199 in India
• The device runs on Nokia Series 30 software and packs 4MB of RAM

Supreme's 'burner phone' is for hypebeasts, but has more in common with JioPhone

• The phone is essentially a Blu Zoey 2.4 feature phone with a basic candy bar design. It has a whopping 128MB of (expandable) internal storage and 2.4-inch screen
• The price of the 'Burner Phone' wasn't mentioned in the catalogue, but a standard Blu Zoey 2.4 sells for about ₹2,000

'Housing for all' target to be achieved by 2020: Hardeep Puri

• The Union Housing and Urban Affairs Minister said that under the PMAY(Urban), 24 lakh houses have so far been handed over to beneficiaries and the number will soon reach 50 lakh
• There are 48 lakh houses which are currently grounded, but this number will also rise to 75 lakh, Puri told reporters

Centre seeks report on AP’s decision to scrap Polavaram project tenders

• On 29 July, the AP government issued the pre-closure termination notice to Navayuga, which was supposed to complete part of the ongoing Polavaram irrigation project in the state
• Navayuga was asked by the APWRD to consent to the termination or exit the project and settle accounts in 15 days

Digital, regional content drive Indian media, entertainment growth in FY19: KPMG

• The digital sector is expected to grow at 29.1% between FY19 and FY24 to reach ₹621 billion by 2024
• This will lead to the emergence of regional content as a major driver across TV, print, cinema, music and OTT video-streaming segment

GST rate cut can help revive growth in auto industry: Hyundai

• Hyundai Motor India Managing Director said that with government help, recovery can happen within this year
• Kim said such a positive step was necessary under the current circumstances in order to make 'people come forward'

GAIL to invest ₹45,000 crore in expansion of pipelines, city gas network

• GAIL currently operates 11,000-km of pipeline network and markets two-thirds of all natural gas sold in the country
• GAIL is looking to put up 400 CNG stations and give out a record 10 lakh piped natural gas (PNG) connections to household kitchens in the next 3-5 years

Yes Bank dips over 7% on concerns over exposure to CG Power

• Yes Bank scrip tanks 7.11% to close at Rs71.25 on the BSE
• On the NSE, its shares tumble 6.65% to close at Rs71.55

Royal Enfield’s BS-VI roll-out plans ride on outcome of IP case

• If case isn’t resolved, firm will have to look for a new supplier which will increase cost
• The issue relates to the usage of the regulator rectifier, a component mandatory for all BS-VI compliant products

CG Power shares slump after ‘suspect’ transactions found

• CG Power shares slumped by its daily 20% limit
• Yes Bank Ltd., which owns 13% of the company, also fell sharply

Govt fixes anomaly in retirement age of CRPF, BSF, ITBP and SSB personnel

• The Monday order also directed all the forces to "comply with the court order and amend provisions of rules
• MHA direction comes in the wake of a January order of the Delhi high court where it had called the policy of different age of superannuation as 'discriminatory and unconstitutional'