British PM conceded defeat to the Labour Party and Keir Starmer, who is now set to become Britain's next prime minister after his party won the parliamentary election after 14 years against the Conservative Party.

In his first statement after the election results, Rishi Sunak told media persons, "The Labour Party has won this general election and I have called Keir Starmer to congratulate him on his victory. Today, power will change hands in a peaceful and orderly manner, with goodwill on all sides."

US President Joe Biden has once again found himself at the centre of media frenzy after a series of verbal missteps during the Independence Day celebrations. In a notable gaffe, Biden declared himself “proud to be the first black woman to serve with a black president”, confusing himself with Kamala Harris, the current Vice President.

This blunder comes just a week after Biden’s debate with Donald Trump, which left many questioning his political viability. During an interview with Philadelphia’s Wurd radio station, Biden intended to highlight Harris’s historic role but ended up muddling his own tenure as Vice President under Barack Obama.

Shares of HDFC Bank slipped 3.82 per cent at Rs 1660 per share on the BSE in Friday’s intraday trade. In the last two trading sessions the counter has slid by 6.1 per cent. This came after the company reported sluggish growth on Thursday in its early estimates for the first quarter of fiscal year 2023-24 (Q1FY24).

HDFC Bank's gross advances stood at Rs 24.87 trillion as on June 30, compared to Rs 25.08 trillion on March 31 — down 0.8 per cent sequentially. Advances grew 14.9 per cent year-on-year (Y-o-Y), excluding the impact of the merger of erstwhile HDFC Ltd.

Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to the debt-burdened state.

Sources said Naidu, during the meeting in North Block, highlighted various ongoing projects in Andhra Pradesh that require urgent central assistance.

Nephro Care India made a blockbuster debut on the NSE SME on Friday, with its shares getting listed at Rs 171, a 90 per cent premium over its issue price of Rs 90.

Post listing, Nephro Care shares moved higher to Rs 179.55, and locked in 5 per cent upper circuit, quoting 99.50 per cent higher over the issue price on the NSE SME.

In a major setback to the opposition BRS in Telangana, six party MLCs joined the ruling Congress late on Thursday night in the presence of state Chief Minister A Revanth Reddy.

Bharat Rashtra Samithi continues to suffer from desertions, with several leaders, including six MLAs, leaving the party after its defeat in the Assembly polls last year.

The CBI arrested an alleged co-conspirator in the NEET-UG paper leak case, Aman Singh, from Dhanbad in Jharkhand, officials said on Wednesday. The CBI has developed intelligence about Jharkhand-based module allegedly involved in the paper leak of NEET-UG 2024 that resulted in the arrest of Singh, they said.

This is the sixth arrest by the central agency in connection with the case, the officials added.

The death toll from India’s air pollution is elevated even in cities previously thought to have relatively clean air, underscoring how the problem extends beyond megacities such as Delhi, according to a study in the journal The Lancet Planetary Health.

Thursday’s report shed new light on the pervasive nature of the country’s air-quality crisis. It found that a significant share of the 33,000 yearly deaths attributable to air pollution in 10 cities examined was recorded in coastal centers like Bangalore, Chennai, Kolkata and Mumbai, where air quality is considered to be moderate.

Mining giant Vedanta Ltd on Wednesday reported a rise in production of aluminium, zinc, iron ore and steel in the June quarter.

However, the production of mined metal at overseas and oil and gas dropped during the quarter.

In a filing to the BSE, the company said the aluminium output grew 3 per cent to 5,96,000 tonnes in the first quarter over the year-ago period, Vedanta said in a filing to BSE.

India’s $5 trillion stock market stands to gain as much as 20 per cent for the entire year, buoyed by government spending and continued momentum in corporate earnings, according to market watchers.

The upcoming government budget will likely boost consumer spending and infrastructure building, which bode well for businesses, strategists and investors surveyed by Bloomberg said.

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