US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports.

Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.

Sources privy to the development said that the company is seeking an urgent hearing on the matter.

Artificial intelligence (AI) and data science company Tredence on Wednesday announced the expansion of its operations in India. The company plans to hire 1,500 new employees, increasing its workforce by 60 per cent from 2,500 to 4,000 employees by mid next year.

As part of its growth and diversification strategy in India, the company recently opened two new AI delivery centres in Pune and Kolkata, in addition to upgrading its facilities in Bengaluru and Chennai.

US President Joe Biden, under pressure from fellow Democrats to drop his re-election campaign, tested positive for Covid-19 while visiting Las Vegas on Wednesday and is self-isolating after experiencing mild symptoms, the White House said.

White House press secretary Karine Jean-Pierre announced the positive test for the 81-year-old Democrat after Biden cancelled a speech due to the diagnosis.

US Vice President Kamala Harris has called for rejecting political violence and said that the country must also "embrace" a "robust discussion" about what is at stake in the upcoming presidential election.

Americans will go to the polls to elect their next president in November.

The hallmark of American democracy, the hallmark of any democracy is a strong competition of ideas, policies, and a vision for the future.

Succumbing to mounting criticism from industry and facing questions from within the Congress party, the Karnataka government on Wednesday evening announced that it was putting on hold its move to reserve private sector jobs for Kannadigas.

Karnataka CM Siddaramaiah said the Bill is still at its preparatory stage. In a post on X, he said a final decision will be taken after comprehensive discussion in the next cabinet meeting.

As a part of its merger with Vistara, Air India on Wednesday announced a voluntary retirement scheme (VRS) for its permanent ground staff.

Vistara, a 51:49 joint venture of the Tata Group and Singapore Airlines, is scheduled to merge into Air India by the end of this year. An Air India executive said the merged entity would need fewer ground staff and therefore, the “optimisation” process has been initiated.

Self-styled godman Bhole Baba said Wednesday that he is very disturbed by the Hathras stampede but nobody can avoid what is destined and everyone has to die one day.

Honee ko kaun taal sakta hai (nobody can avoid what has to happen), he told PTI Videos, a fortnight after 121 people died in a stampede at a 'satsang' held by him.

L&T Finance Ltd (LTF) posted a 29 per cent year-on-year (YoY) growth in consolidated net profit at Rs 686 crore in the first quarter ended June 2024 (Q1FY25), on the back of healthy net interest margins (NIM) and fees. Its net profit was Rs 531 crore in Q1FY24.

LTF, the lending unit of engineering conglomerate Larsen and Toubro Ltd, posted a 23 per cent YoY growth in consolidated Net Interest Income (NII) at Rs 2,020 crore in Q1FY25, up from Rs 1,644 crore a year ago.

Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per cent decrease from its last funding round valuation of around $5.5 billion, according to industry sources.

The Bhavish Aggarwal-founded firm aims to file for the IPO by next month, according to people familiar with the matter.

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