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PoliticsPhoto: Mint

California Billionaires Prepare Legal Fight Against Proposed Wealth Tax

California's ultra-rich are preparing legal strategies to oppose Proposition 40, a proposed one-time 5% tax on billionaires' net worth if approved by voters in November. The tax aims to fund healthcare, education, and food assistance. Tech billionaires have raised over $340 million to defeat the measure, spending more than $1 million daily on the campaign. The tax targets assets over $1 billion and applies to residents since January 2026.

Mint··California

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BusinessPhoto: News18 Hindi

IIM Lucknow Summer Placement Report Shows 16.5% Rise in Average Package

IIM Lucknow released its Summer Placement Report 2025-26 for the PGP batch, recording a 16.5% increase in the average package. The highest stipend offered was Rs 3.95 lakh per month, with an average stipend of Rs 1.67 lakh per month. Consulting and IT sectors received the most offers during this placement season.

News18 Hindi··Lucknow

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BusinessPhoto: News18Hi Business

Global Funds Eager to Invest in Jio IPO, Demand Rs 2.5 Lakh Crore

Major global institutional investors, including GIC, BlackRock, and ADIA, are eager to invest in India's largest IPO, Jio. The demand from these investors has already reached around Rs 2.5 lakh crore. Several prominent family offices are also expected to participate in this IPO, reflecting strong interest from diverse financial entities worldwide.

News18Hi Business·

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BusinessPhoto: Amar Business

HDFC Bank Q2 Profit Rises to ₹19,510 Crore; Axis Bank Reports 38% Profit Growth

HDFC Bank and Axis Bank, two major private lenders in India, released their Q2 FY27 financial results. HDFC Bank's net profit rose 4.6% year-on-year to ₹19,510 crore, with net interest income increasing 9.7% to ₹34,620 crore. The bank's net interest margin stood at 3.16% on total assets. Asset quality remained stable with a slight decline in NPAs. Axis Bank reported a strong 38% increase in net profit.

Amar Business·

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EntertainmentPhoto: TOI Entertainment

Anil Ravipudi Announces Keerthy Suresh's Role in January 12 Vidudala

Director Anil Ravipudi revealed that Keerthy Suresh will play Latha Reddy in the film 'January 12 Vidudala'. The movie stars Venkatesh and Nandamuri Kalyan Ram in lead roles, with Krithi Shetty also featured. Filming began recently in Ooty, Tamil Nadu, after earlier shoots in Mysuru. Venkatesh's first look was released to mark his 40 years in the film industry.

TOI Entertainment··Ooty

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EntertainmentPhoto: NDTV Movies

Veteran Tamil Composer Deva Dies at 75; Rajinikanth Pays Tribute

Deva, a veteran Tamil music composer known for his work in over 400 South Indian films across nearly four decades, has died at age 75. He was celebrated for popularizing Chennai's unique gaana music style in mainstream cinema. Actor Rajinikanth paid his last respects to the legendary composer, honoring his significant musical legacy.

NDTV Movies··Chennai

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