Jio Financial Services Ltd announced that it has received authorisation from the Department of Economic Affairs within the Ministry of Finance to raise its foreign investment cap to 49 per cent of its total equity on a fully diluted basis. This adjustment is set to enhance participation from Foreign Portfolio Investors (FPIs) and other global investors.

Currently, foreign investors own 17.55 per cent of the company’s shares out of the nearly 53 per cent public float. The non-banking arm of Reliance Industries Ltd, Jio Financial Services, was demerged from its parent company in July 2023.

Unidentified gunmen killed at least 23 people after forcing them out of their vehicles in Musakhail, a district in Balochistan (southwest Pakistan), on Monday (August 26), as reported by Pakistani newspaper Dawn.

The majority of those killed were identified as residents of Punjab, in Pakistan.

Former US President Donald Trump has criticised the Biden administration's efforts concerning the situation in the Middle East and stressed that they should not have a third world war. Questioning the Biden administration on who is negotiating for the US in the Middle East, he said US President Joe Biden is sleeping on a beach in California while Vice President Kamala Harris is holding a campaign bus tour with her running mate and Minnesota Governor, Tim Walz.

Congress MP Vasant Chavan passed away on Monday at a private hospital in Hyderabad after prolonged illness, party sources said.

Chavan (69) breathed his last at the hospital around 4 am, the sources said. He was undergoing treatment for renal issues there since last week.

The Congress forged an alliance with the National Conference for the assembly polls in Jammu and Kashmir due to its "lust for power", Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday.

Dhami also posed 10 questions to the Congress and its leader Rahul Gandhi and asked them to explain why the party allied with the National Conference and the Abdullah family.

Samajwadi Party president Akhilesh Yadav has said that a defamation case should be filed against BJP MLA Rajesh Chaudhary for his remarks against BSP chief Mayawati.

In a video from a news channel shared by Yadav on X on Friday, Bharatiya Janata Party (BJP) MLA Chaudhary from Mathura district's Mant area is heard saying, "There is no doubt that Mayawati has been the chief minister of UP four times and it was us (BJP) who made her the chief minister for the first time. We made that mistake".

Assam Gang Rape Case: The prime suspect in a gang rape case in Assam died on Saturday, August 24 after a dramatic escape attempt. Tafazul Islam, who had been arrested on Friday, August 23, was in police custody when he tried to flee by jumping into a pond. The incident happened early in the morning while police were investigating the crime scene related to the case.

IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software.

Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court.

Autopsies of bodies of those who were killed after an India registered passenger bus plunged into a river some 110 kilometeres from Kathmandu on August 23 began on Saturday at a hospital in Bharatpur, a Nepal police official said today.

The postmortem is expected to be completed by 12 noon today after which the bodies will be handed over to authorities who will transport them by road via Sonauli border crossing of Bhairahawa, the official said, adding that it takes around four hours to reach Bhairahawa from Bharatpur by road.

Amazon India on Saturday announced an up to 12 per cent reduction in selling fees across multiple product categories on the marketplace ahead of the festive season.

The reductions in fees, which is effective from September 9, will enable sellers to expand their product portfolio on the platform besides providing a boost to growth, Amazon India said.

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