INX Media case: P Chidambaram sent to CBI custody till 26 August

• The former union minister's plea against the Delhi high court order denying him anticipatory bail has been listed for Friday
• Chidambaram was arrested by the Central Bureau of Investigation from his residence in New Delhi late on Wednesday

Chandrayaan-2 captures first image of the moon

• Chandrayaan-2 is India’s second mission to the moon and took off from Satish Dhawan Space Centre at Sriharikota on July 22
• A successful touchdown on the moon will bring India into the elite club of nations including US, Russia and China to have achieved the feat

Domestic air traffic growth falls to five-year low in January-July 2019

• The meagre growth is being attributed to the overall economic slowdown in the country
• The grounding of Jet Airways, and Boeing 737 Max has further contributed to the slump in numbers

Government bailouts a moral hazard: Chief economic adviser K. Subramanian

• Chief economic adviser Krishnamurthy Subramanian said the mindset of profit being 'private', while losses are 'public' is not good for the market economy
• The chief economic adviser's statement could temper expectations of a stimulus for cash-strapped Indian businesses

NCLAT gives Vikram Bakshi 'last chance' to settle matter with HUDCO

• The NCLAT has directed to list the matter on 18 September for orders in the matters
• The NCLAT has also asked to cooperate with Bakshi and try to reach a final settlement

Tata Sons launch new digital vertical, names Pratik Pal as CEO

• Tata Sons chairman N. Chandrasekaran said the group will create a number of digital platforms and has already identified the platforms it want to create
• Tata Sons likely to infuse ₹1,000 crore in the new vertical, said a report

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

Deepinder Goyal taunts NRAI prez for promoting Gold, says Zomato is no 'bully'

• Large restaurant owners are using NRAI platform to sabotage aggregators, said Zomato founder on Twitter
• Zomato has been accused by the NRAI of 'unethical' deep discounting practices for its 'Gold' prgramme

Amid slowdown, HSBC lays off 150 tech staff in India

• Majority of the lay-offs have happened in its Pune and Hyderabad offices
• HSBC in India, till recently, had about 14,000 employees across its technology function in the two cities

HPE gives 26 week paid parental leave in India in line with global programme

• The employee benefits package follows HPE plans to increase its workforce in India by 20% over the next three to five years
• The focus is on hiring engineering talent in critical areas such as AI and networking

Startups with turnover of up to ₹25 crore eligible for tax holiday: Tax dept

• Small startups with turnover up to ₹25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act 1961, CBDT said
• The CBDT further said it did not recognise the ₹100 crore turnover definition of a small startup put up by the DPIIT

OMCs stop fuel supply to Air India at six airports over non-payment of dues

• In absence of financial support, Air India cannot handle huge debt service liabilities, said an airline spokesperson
• The airports where the fuel supply was stopped are Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Mohali

Pakistan will no longer seek talks with India: Imran Khan

• India has not been engaging with Pakistan since an attack on the Air Force base at Pathankot in January of 2016
• India accuses Pakistan of providing safe haven to militant groups, which carry out attacks in Jammu and Kashmir, and other parts of the country

Rajiv got huge mandate in 1984, but didn't use it to spread fear: Sonia Gandhi

• As PM, Rajiv Gandhi gave message that unity can be maintained by celebrating India's diversity, says Sonia
• Rajiv Gandhi's 75th birth anniversary is not ritual, it is occasion to reaffirm resolve to uphold values that inspired him, says Sonia

The difference between Hong Kong and Kashmir protests

• With both sides unwilling to compromise, everyone loses in this bruising battle between the protesters and Beijing
• More than two-thirds of the capital raised on Hong Kong’s bourses is for Chinese firms and the city’s state banks have large outstanding US dollar liabilities that look worrying

Come 2 Oct, govt to launch digital media campaign on Mahatma Gandhi

• From 2 Oct, various wings of the government of India will be using digital media to push Gandhian thoughts, said Arun Goel, Secretary, Ministry of Culture
• The government is also working on a digital encyclopedia on the thoughts, works and life of Gandhi, Goel said

Vikram Rathour replaces Sanjay Bangar as batting coach, Arun, Sridhar retained

• He earlier applied for NCA batting consultant and U-19 batting coach's position but his application was put on hold as his brother-in-law Ashish Kapoor is the chairman of U-19 selection committee
• Vikram Rathour played 6 Tests and 7 ODIs without much success but was a domestic heavyweight for Punjab

NTPC gets shareholders' nod to raise up to Rs15,000 crore via bonds

• Funds raised to be used for capital expenditure, working capital and general corporate purposes
• NTPC shareholders also approve increasing its borrowing limit from Rs1.5 lakh crore to Rs2 lakh crore

Airtel has strong balance sheet: Goldman Sachs

• Goldman Sachs expects Bharti to be FCF (Free Cash Flow) positive in FY20 with declining capex intensity and rising margins on stable revenue growth
• The telecom operator has a strong wireless business growth potential, says Goldman Sachs report

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

Twitter turns nostalgic on Madras Day as city turns 380 years old

• It was in 1996 , the Tamil Nadu government changed the name from Madras to its current name Chennai
• Being a hub of one-third of India's automobile industry, the city also got a nickname 'The Detroit of India'

'Statue of Unity', Soho House among Time's 100 greatest places in the world

• Soho House Mumbai is Asia's first Soho House
• Standing tall at 597 ft on an island in the Narmada River, the statue towers over the Sardar Sarovar Dam in Gujarat

US IHS Markit factory gauge shrinks for 1st time since 2009

• The IHS Markit manufacturing PMI slipped to 49.9 from a final July reading of 50.4
• The yield on the 10-year Treasury note fell and the dollar declined, while stocks pared gains after the figures were released.

Govt working towards tabling data protection bill in winter session: Official

• Sawhney said the government wants to get the law right because it needs to balance the imperative of data privacy and data protection as laid down by the Supreme Court
• The emphasis is also on creating an ecosystem where innovation gets a boost, IT secy Ajay Prakash Sawhney added

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

NSE gets 200th company listed on its SME platform

• Wonder Fibromats was the 200th firm to be listed on the NSE EMERGE SME platform
• The listed SMEs on NSE are from 16 states

Selling anything on OLX, Quikr? Be aware of these fraudsters on the prowl

If you lack some basic understanding of how the Unified Payments Interface (UPI)-based transactions work on apps, you may actually end up losing money while attempting to sell stuff on OLX or Quikr

Bharatcraft portal: Gadkari plans India's own desi version of Alibaba, Amazon

• Gadkari added that the Bharatcraft portal has the potential to generate revenue worth ₹10 lakh crore in the next 2-3 years
• The government has set a target to increase the contribution of MSMEs in the manufacturing sector to 50% in the next five years, Gadkari added

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%

PM Narendra Modi uses Pakistan airspace to travel to France

• The airspace had been shut following the airstrikes by the Indian Air Force (IAF) on 26 February.
• The CRPF personnel lost their lives after their convoy was attacked by a JeM terrorist

Vistara launches daily Mumbai-Dubai flights

• Return fares are being offered at an introductory price of approximately Dh912 ( ₹17,820)
• Vistara to also start flights to Bangkok from 27 August

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

DLF denies charge of non-disclosure of key information in QIP

• The SC has issued a notice to DLF based on a petition that highlighted how it suppressed key information regarding judicial proceedings against the largest chunk of its land bank in Haryana
• DLF Ltd lost 15.91% to close at ₹144.30 per share on Thursday on the BSE

Rupee slumps to year’s lowest against the US dollar: 5 things to know

• Outflows from Indian market have hurt the rupee
• A broad strengthening of the US dollar and China's yuan's weakening to 11-year lows also weighed on the rupee

Sensex slumps nearly 600 points, Yes Bank tanks 14%: 10 points

• SBI, ICICI Bank, HDFC and HDFC Bank led losses in banking stocks
• DLF Ltd, India’s largest real estate developer by market value, fell 16% today

What’s floccinaucinihilipilification? Ask RBI

• RBI watchers were left scrambling this week for their dictionaries to decipher parts of a speech by Shaktikanta Das
• The Oxford dictionary says floccinaucinihilipilification is a rare one originating in the mid-18th century to describe the action of estimating something as worthless

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

Sidharath Kapur to exit Adani's airports business

• Kapur, who spent less than five months at the job, is believed to be leaving for personal reasons, say sources
• Kapur is credited with taking GMR’s ambitions in the airport business overseas and raising debt of over ₹20,000 crore as part of the expansion plan

Apple readies camera-focused pro iPhones, new iPads, larger MacBook Pro

• Apple planning to announce three new iPhones at an event next month
• Refreshed versions of the iPad Pro, an entry-level iPad with a larger screen, new versions of the Apple Watch also to be unveiled in 2019

Congress accuses government of misusing probe agencies

• Congress party accused the union government of turning investigative agencies of ‘personal revenge-seeking departments’
• On late Wednesday evening Chidambaram was arrested by CBI in connection with the INX Media case

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

Kerala's Tirur betel leaves, bonding India and Pakistan over paan, get GI tag

• The GI tag is an official stamping on items— agricultural, natural or manufactured products— expected to drive up demand and sales
• Products marked with GI are officially recognised to have originated from a definite geographical territory

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

'Mike Hesson almost beat Ravi Shastri to India coach job'

• Ravi Shastri is now the India coach till 2021
• Mike Hesson coached New Zealand form 2012 to 2018

Opinion | Facebook’s Libra is an attempt to mask a promise as a token

Since Libra would be issuing promissory notes that function as money, it is essentially a banking venture dressed up in cryptography

ICC names Jonathan Hall as its General Counsel

• Hall has been in senior consultative roles for a number of international and UK sports organisations including the UEFA and Laureus
• Jonathan Hall said he loves the game of cricket and would look to make a positive impact during his stint

Sir Vivian Richards sees same passion in Virat Kohli as himself

• India are all set to take on West Indies in the first of two Tests in Antigua beginning Thursday
• Virat Kohli quizzed Viv Richards on how he dealt with the fastest of bowlers of his time without even wearing a helmet or a guard

Opinion | Thou shalt not socialise losses

So long as private companies seek reforms that allow market forces to operate freely, they should not be faulted. Asking for special sector-specific benefits, however, is quite another thing

Zendrive raises $37 million for data analytics product focused on road safety

• XL Innovate and Hearst Ventures, as well as existing investors, including ACME Capital, NYCA, others participated in the round
• Zendrive is also launching FullStop, a mobile-powered risk solution that helps track road violations designed for automobile insurers

Earth to FEDOR: Russia launches humanoid robot into space

• The ISS is a joint project of the space agencies of the United States, Russia, Europe, Japan and Canada
• Known as FEDOR, which stands for Final Experimental Demonstration Object Research, the Skybot F-850 is the first humanoid robot to be sent to space by Russia

What caused RBI to shift from convention on rate cut

• Voting for a 35 bps rate cut, Das said that "a policy rate adjustment of 25 bps or multiples thereof may not always be consistent with the evolving situation
• Shaktikanta Das said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be inadequate