Yes Bank stake sale hinges on bidders agreeing to local banking norms

The Reserve Bank of India has urged investors interested in acquiring a controlling stake in Yes Bank to reconsider their demands, which could delay the deal. Investors are seeking to maintain a 51 percent stake indefinitely, contrary to the bank licensing norms that require reducing stakes to 26 percent within 15 years. The RBI has asked bidders to review their positions on these terms. Read more here

Take a look at these key events

Q1 results: Britannia, Dalmia Sugar, Delhivery, Glaxo, Mafatlal, Medplus, NIIT, Titan, TMB,

Kalyan Jewellers, ITC, Tata Motors, Aditya Birla Capital, Adani Enterprises, in focus

Here’s a quick look at stocks likely to be in focus on Friday's trade, covering quarterly earnings, order wins, and acquisitions announced by companies after market hours on Thursday.

Ola Electric IPO garners over $2 billion worth of bids from institutions: Report

Ola Electric on August 1 received more than $2 billion worth of bids for $330 million quota reserved for big institutions a day ahead of its initial public offering (IPO) launch, reported news agency Reuters citing source. State Bank of India and HDFC Mutual Funds were allocated shares worth around $30-36 million each in the issue while Nomura, Norges Bank allocated shares worth around $24 million each, Reuters reported. Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. Read more here

Mutual funds get active with passive scheme NFO launches

Passive funds that have been fast gaining popularity over the last few years have witnessed a strong spurt in the current calendar year with New Fund Offers (NFOs) hitting the markets at regular intervals. The pace has been such that the number of NFOs of passive schemes in the first seven months of the current calendar year has already surpassed that of the whole of last year. Read more here

How to cross the t's and dot the i's while buying health insurance

Health insurance is more than a financial safeguard; it's a lifeline in times of need. Understanding the nuances of the health insurance ecosystem is crucial for making informed decisions and securing a comprehensive coverage. Read here

Google Pixel 9 series storage, software, charging details tipped ahead of launch

Google is all set to unveil the Google Pixel 9 series at its Made for Google event on August 13. Since the last few weeks, many leaks and rumours of all the smartphones in the lineup have surfaced online. Now, according to a new leak by Onleaks via Android Headlines, many more details of the Pixel 9 series have been revealed. All the details here