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August 08, 2023 / 06:13 IST

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

By Moneycontrol News

Market buzz-
FTSE to implement upweight of HDFC Bank in three tranches starting September

The revised free float of HDFC Bank, as a consequence of its merger with Housing Development Finance Corporation (HDFC), will be implemented in three tranches starting from September 2023 onwards, FTSE Russell said in a notification issued on August 7. Read more here

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Watch Out-
Take a look at the key events:
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Today:

What to expect in the No Confidence Motion in Lok Sabha

Manipur violence: Top tribal body to meet Amit Shah on August 8 to discuss burial site for deceased Kukis in state

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Ukrainian envoy Polishchuk to arrive in Delhi on August 8; set to take charge soon

UP private schools closed on August 8

Back as Lok Sabha member, Rahul Gandhi to meet 12 opposition parties of Assam
Tomorrow:

Manipur violence: Communist Coordination Committee extends support to Aug 9 Bharat bandh call by Christian bodies
Pakistan: PM Shehbaz Sharif set to dissolve parliament, national assembly on August 9

Naga body calls for massive rallies on August 9 to conclude peace talks in Manipur
ISRO Completes Orbit Reduction Manoeuvre Successfully; Next Operation On August 9
Engineers body to observe anti-privatisation day on August 9

Big Story-
Data protection bill passed by Lok Sabha, next stop Rajya Sabha

Amid protests, the Lok Sabha on August 7 passed the Digital Personal Data Protection (DPDP) Bill with a voice vote, bringing India a step closer to its first law that establishes how private or government entities can use or process citizens' data. Read more here

Auto-
Citroen's SUV C3 Aircross: A closer look

The midsize SUV C3 Aircross was unveiled in April and will start bookings in September with expected deliveries in October. Read more here

YourMoney-
Individual investors repose faith in MFs despite tough markets in FY23: SEBI report

The share of individual investors, which include both retail and high net worth individuals (HNI), rose to 55 percent in the total assets of the mutual fund industry during financial year 2022-23, driven by continuous growth of systematic investment plan (SIP) accounts. Read more here

Tech Tattle-
PB Fintech sharply narrows loss to Rs 12 crore, operational income up 32% in June quarter

PB Fintech, the parent company of insurance aggregator Policybazaar, reported a sharp contraction in its consolidated loss at Rs 12 crore for the quarter ended June 2023, dramatic reduction from Rs 204 crore loss it reported during the first quarter of last year. Read more here

Tailpiece -
8-year-old boy instigates black widow spider to bite him in hopes of becoming Spider-man

An eight-year-old Spider-Man enthusiast deliberately provoked a highly-venomous black widow spider into biting his hand in an attempt to get superpowers. The incident happened last month in the village of Vichuloma in Bolivia raising concerns about the impact of movies and pop culture on young children. Read more here