Image Source – http://www.livemint.com
Good morning, Daybreakpost readers!
Top Stories from Indian Business and Politics
Prominent figures like Lakshmi Mittal, Sunil Bharti Mittal’s Airtel, and Anil Agarwal’s Vedanta among purchasers of electoral bonds revealed by Election Commission data. Political parties, including BJP and Congress, are major beneficiaries.
NPCI permits Paytm to continue UPI operations through TPAP model with YES Bank. SBI, Axis Bank, HDFC Bank also onboarded as PSPs. RBI’s directive precedes Paytm Payments Bank restrictions.
High-level committee led by former President Ram Nath Kovind submits report on One Nation, One Poll, recommending simultaneous elections for LS, assemblies, and local bodies with constitutional amendments and phased implementation.
Centre appoints Gyanesh Kumar and Sukhbir Singh Sandhu as new election commissioners, restoring Election Commission to full strength ahead of Lok Sabha polls. Sandhu likely to succeed Rajiv Kumar as CEC.
Smallcap and midcap indices rebound after steep losses, Nifty Midcap up 2%, Smallcap up 3.5%. Sensex gains 0.5%, Nifty 50 rises 0.7%. Adani stocks lead recovery, but market remains cautious amid volatility.
Top Stories from the World Business and Politics
Apple quietly bought another AI firm. Canada’s DarwinAI will add to the iPhone maker’s growing arsenal of AI startups.
BlackRock and JPMorgan are backing a $15 billion investor fund to rebuild Ukraine. It’s certainly not nothing, but reconstructing Ukraine could cost half-a-trillion dollars.
An LVMH company that sells a $9,000 sweater pays a whole village the equivalent of $280 for the fiber to make it. Many in the Peruvian community where the vicuña wool comes from don’t feel like a long-established trade deal with Loro Piana has benefited them.
Infographics of the Day
Top companies, by total value of electoral bonds purchased
Source – livemint Analysis
Little Motivation and Inspiration
“Our greatest glory is not in never falling, but in rising every time we fall”
Oliver Goldsmith
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