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PM Modi sees himself as the PM of just BJP & Hindus: CM Ashok Gehlot

PM Modi sees himself as the PM of just BJP & Hindus: CM Ashok Gehlot

Rajasthan's Chief Minister Ashok Gehlot criticised Prime Minister Narendra Modi during a public event in Jaipur on Monday, accusing him of holding the mistaken belief that he is only the leader of the Bharatiya Janata Party (BJP) and the Hindu community. Gehlot also took a dig at Modi's attire, positioning himself as a more humble figure. He even hinted at being the natural choice for his party's next chief minister, stating that although he's contemplated leaving the position, the role seems to stick with him, according to a PTI report.

YouTube now offers high quality 1080p video on web for premium subscribers

YouTube now offers high quality 1080p video on web for premium subscribers

YouTube, one of the largest video streaming platforms, has enabled high-quality 1080p viewing experience on its web interface for its premium subscribers, according to a report by TechCrunch. This comes months after the enhanced bitrate option was made available for premium members on mobile devices. The platform had initially rolled this out as an experiment in February before launching it for iOS users in April.

According to YouTube's blogpost on this new update in April, this new feature allows users to experience an "even deeper visual quality".

BCCI cuts base price of title sponsor rights to Rs 2.4 crore per match

BCCI cuts base price of title sponsor rights to Rs 2.4 crore per match

The Board of Control for Cricket in India (BCCI) has decreased the base price of title sponsor rights for international cricket matches played in the country to Rs 2.4 crore per match from the Rs 3.8 crore that sponsors had paid in the last cycle, according to a report by The Economic Times (ET). Paytm and MasterCard paid Rs 3.8 crore per match for the international matches played in the country between 2019 and 2023.

This is the second time BCCI has slashed the base price of the title sponsor rights amid weak demand for expensive cricket properties and tepid response from new-age firms.

Gland Pharma freezes at 20% upper circuit on strong June quarter show

Gland Pharma freezes at 20% upper circuit on strong June quarter show

Shares of Gland Pharma were locked in the 20 per cent upper circuit at Rs 1,612.60 on the BSE in Tuesday’s intra-day trade after the company reported improved financial performance for the June quarter (Q1).

The firm's gross profit margin was up 700 bp year-on-year (YoY) to 63 per cent for Q1 due to lower raw material costs. On a sequential basis, gross profit margin improved by 900 bp from 54 per cent.

Meesho becomes first horizontal e-commerce company to attain profitability

Meesho becomes first horizontal e-commerce company to attain profitability

E-commerce platform Meesho on Monday announced that it achieved profitability in July at the consolidated profit after tax (PAT) level, on the back of an uptick in order volumes and revenue, and cost cuts.

“As the first horizontal e-commerce platform in India to achieve profitability, we remain committed to sustainable growth, democratising e-commerce for all, and unlocking the true potential of India’s heartland,” said Vidit Aatrey, chief executive officer and founder of Meesho.

Price Waterhouse resigns as Paytm Payments' auditor, SR Batliboi appointed

Price Waterhouse resigns as Paytm Payments' auditor, SR Batliboi appointed

Price Waterhouse Chartered Accountants (PwC India) has resigned as the auditor of Paytm Payments Services, the fintech major said in a regulatory filing on Monday.

“...we wish to inform you that M/s. Price Waterhouse Chartered Accountants LLP … statutory auditors of material subsidiary i.e. Paytm Payments Services Limited (PPSL) have resigned with effect from August 7, 2023,” the company added.

Five-day work week in banks soon as industry demand gets nod from IBA

Five-day work week in banks soon as industry demand gets nod from IBA

In a meeting held last month, the Indian Banking Association (IBA) gave its nod to the industry's demand for five days of banking, The Hindu BusinessLine (BL) reported on Monday, citing sources. The proposal has now been sent to the finance ministry for its final approval.

"The matter has now been escalated to the finance ministry for final sign off," multiple senior executives of banks aware of the development were quoted as saying by BL.

Lok Sabha restores Rahul Gandhi's membership after Supreme Court stay

Lok Sabha restores Rahul Gandhi's membership after Supreme Court stay

The Lok Sabha on Monday restored the membership of Congress leader Rahul Gandhi. The Lok Sabha Secretariat issued a notification announcing that his disqualification has been revoked and his membership restored.

Gandhi was disqualified as a Lok Sabha member on March 23 after a Gujarat court convicted him in a defamation case and sentenced him to two years in jail.

Metropolis Healthcare eyes 60% revenue from B2C business in next 2-3 years

Metropolis Healthcare eyes 60% revenue from B2C business in next 2-3 years

Mumbai-headquartered diagnostic services provider Metropolis Healthcare is eyeing 60 per cent of its revenues from the business-to-consumer (B2C) segment in the next two-three years. The company’s current share in the segment is 52 per cent.

As Metropolis focuses on aggressive network expansion, it has been growing its B2C segment. This includes both the prescription-led business and direct customer bookings for tests — over the years.

World entering a highly disruptive green energy era, says Mukesh Ambani

World entering a highly disruptive green energy era, says Mukesh Ambani

Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not conti­nue much longer.

RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which “will leverage the prowess of digital and retail businesses”, was expected to be listed soon.

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