ICICI Bank faced widespread criticism after announcing a significant increase in minimum balance requirements for new account holders. Consequently, the bank rolled back the decision and revised its MAB norms to Rs 15,000 for metro and urban locations, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas.
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Tesla is expanding its presence in India, opening its second showroom in Delhi on August 11, following its Mumbai debut. The new Tesla Experience Centre will be located in Aerocity's Worldmark 3 complex. Tesla officially entered India last month with the launch of its Model Y, with deliveries expected to begin in the third quarter of 2025.
Lovlina Borgohain, the Tokyo Olympics bronze medalist, has accused BFI's Col Arun Malik (Retd) of disrespectful and gender-discriminatory behavior, leaving her deeply hurt. Malik has denied the allegations, stating the call in question was professional and addressed her concerns according to BFI policies.
Cristiano Ronaldo's Al Nassr has been drawn alongside FC Goa in the AFC Champions League Two group stage, raising hopes of the Portuguese star playing in India. However, his appearance is uncertain due to contract conditions regarding away travel. Mohun Bagan Super Giant too, will participate in the competition, adding to the excitement for Indian football fans.
Following the Flight AI 171 crash in Ahmedabad, Air India is launching a campaign to rebuild passenger confidence. MD and CEO Campbell Wilson assures customers of their safety through rigorous processes and advanced technology. The airline is gradually restoring international services, aiming for full resumption by October 1, while implementing detailed inspections and strengthened safety systems.
Ruturaj Gaikwad and Prithvi Shaw have been included in Maharashtra's squad for the All India Buchi Babu Invitational Tournament, scheduled from August 18 to September 9 in Chennai. Ankit Bawane will captain the team.
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Prime Minister Modi announced upcoming GST reforms aimed at easing the burden on citizens, farmers, and MSMEs. The proposed changes include a simplified two-slab structure and rate rationalization. These reforms focus on structural improvements, rate adjustments, and enhancing the ease of living, with implementation expected this financial year.
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Rohith Krishna S, a 19-year-old from Chennai, has become India's 89th Grandmaster, achieving his final GM norm at the Almaty Region Open. His journey, fueled by family support and sacrifices, involved countless hours of practice and international tournaments. Rohith now balances chess with his computer science studies, setting his sights on a 2600 rating and ultimately, the world championship.