#SoftBank Vision Growth Fund has offloaded 10 crore shares of online food delivery platform #Zomato through a block deal on Tuesday, August 29, according to a report by CNBC-TV18. The size of the deal is ₹940 crore, while shares were sold at ₹94 per share.

Read here: https://www.livemint.com/market/stock-market-news/softbank-to-sell-3-35-stake-in-zomato-via-block-deal-report-11693317543780.html

The Laser-Induced Breakdown Spectroscope instrument onboard 'Pragyan' rover of #Chandrayaan3 has 'unambiguously confirmed the presence of sulphur in the lunar surface near south pole.

Read here: https://www.livemint.com/science/news/chandrayaan-3-mission-pragyan-rover-detects-oxygen-other-elements-on-moon-hunt-underway-for-hydrogen-11693322317076.html

#PersonalFinance | Owning a house has been the ultimate dream of most middle class Indians. But rising property prices have kept that out of bounds for many in recent years. For the lucky few who have started off with a home loan, spiralling interest rates have turned out to be a dampener.

A rising interest rate environment highlights the importance of prepayment of home loans.

Read more: https://www.livemint.com/money/personal-finance/rising-interest-rates-and-the-impact-on-home-loan-borrowers-a-systemic-risk-for-indian-middle-class-11693329720453.html

Good news for travelers! #GoogleFlights has introduced a new feature that aims to save money on airfare this holiday season.

The tech giant officially announced the new feature in a blog post on Monday. It offers guidance to travellers about the most budget-friendly time for booking flight tickets.

Read more: https://www.livemint.com/technology/tech-news/google-introduces-money-saving-feature-to-book-cheaper-flights-heres-how-does-it-work-11693371743918.html

#MintCharts | In an effort to reduce inflation, the government has reduced #LPGcylinderprices by ₹200. Still, the revised prices are higher than they were two years ago.

India’s latest warship, #Mahendragiri, will be launched at the Mazagon Dock Shipbuilders, Mumbai, on September 1, marking a major step in the country's defence indigenisation programme, the defence ministry said.

Read here: https://www.livemint.com/news/india/indias-new-warship-mahendragiri-to-be-launched-in-mumbai-on-1-september-11693397483651.html

The US economy expanded at a 2.1% annual pace in the April-June quarter, compared to the initial estimate of 2.4%, according to official revised estimates released on Wednesday, August 30.

Read here: https://www.livemint.com/economy/us-q2-gdp-revised-down-to-2-1-annual-rate-from-24-11693400617710.html

The UK's National Health Service (NHS) will become the first in the world to offer an "under the skin" injection to treat #cancer, potentially reducing treatment times by up to three quarters.


Read more: https://www.livemint.com/science/england-to-be-world-first-to-offer-under-the-skin-injection-for-cancer-cutting-treatment-time-to-seven-minutes-11693443617361.html

#Mint20BestFunds | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene and our own qualitative research.

#PersonalFinance

#BreakingNews | India's #GDP grew by 7.8% in the April-June quarter of current fiscal (2023-2024), compared to a growth of 6.1% in the previous January-March quarter of fiscal 2022-23.

Read here: https://www.livemint.com/economy/india-q1-gdp-data-indias-q1-gdp-growth-rises-to-one-year-high-of-7-8-gdp-growth-in-april-june-quarter-check-details-11693479702621.html

India's #infrastructure output expanded 8% year-on-year in July, government data showed.

The core sector or infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output.

Read here: https://livemint.com/economy/core-sector-output-indias-infrastructure-output-declines-to-8-in-july-against-8-2-in-june-11693482073372.html

The Controller General of Accounts (CGA) data released showed that the central government's fiscal deficit in the first four months of 2023-24 stood at 33.9% of the full-year target.

Read here: https://www.livemint.com/economy/cga-data-shows-fiscal-deficit-in-april-july-at-339-11693482791748.html

The Secretariat of the Appointments Committee of the Cabinet on 31 announced the appointment of #JayaVermaSinha as first woman CEO and chairperson of Railway Board. She succeeds Anil Kumar Lahoti.

Read here: https://www.livemint.com/news/india/govt-appoints-jaya-verma-sinha-as-first-woman-ceo-chairperson-of-railway-board-11693476003458.html

The phenomenon of fake trading screenshots and fake trading videos stems from the rapid growth of financial influencers or ‘finfluencers’ in India’s social media space.

Finfluencers who are able to garner large followings through such screenshots receive revenue from affiliate links or marketing links provided by the brokers.

Read here: https://www.livemint.com/money/personal-finance/the-rise-of-fake-trading-screenshots-a-look-into-the-world-of-finfluencers-and-their-deceptive-practices-11693420213936.html

#Viacom18 bags TV and digital rights for Indian cricket team's home matches for five years. Viacom18 won the media rights for all #BCCI India matches for a total of ₹5,963 crore.

Read here: https://www.livemint.com/industry/media/mukesh-ambanis-viacom-18-bags-tv-and-digital-rights-for-indian-cricket-teams-home-matches-for-five-years-11693478588952.html

A scientist in Germany has claimed that the US space agency #NASA had discovered life on the Mars planet 50 years ago but accidentally destroyed it.

Read here: https://www.livemint.com/science/news/nasa-may-have-accidentally-destroyed-life-on-mars-50-years-ago-claims-german-scientist-11693450257374.html

Prime Minister Narendra Modi announced that the 700 MW #NuclearPower plant, developed entirely within India, located in Kakrapar, Gujarat, has commenced its operations at maximum capacity, calling it a “milestone".

Read here: https://www.livemint.com/news/indias-largest-home-built-nuclear-plant-starts-operations-says-pm-modi-calls-it-milestone-11693500828276.html

#G20Summit2023 | Chinese President #XiJinping will not be visiting New Delhi to attend the #G20summit, instead #PremierLiQiang is coming for the global event.

Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

Read more: https://www.livemint.com/news/world/xi-jinping-not-to-attend-g20-summit-instead-premier-li-qiang-is-coming-report-11693501258075.html

#PersonalFinance | Investors should first set up an account on the chosen platform. A one-time verification process then confirms the user’s identity using Aadhaar & PAN credentials, adding a layer of security and compliance to the procedure.

Investors can then handpick the specific MFs against which they intend to secure a loan.

Read more: https://www.livemint.com/money/personal-finance/systematic-investment-plans-in-mutual-funds-borrowing-against-mf-units-offers-flexibility-and-opportunity-11693502698111.html#:~:text=Investors%20should%20first%20set%20up,intend%20to%20secure%20a%20loan

#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.

Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.

#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.


Here’s a glimpse of how each indicator fared.


Read more: https://www.livemint.com/economy/highfrequency-indicators-show-mild-deterioration-in-july-mint-tracker-11693546432796.html