💎 Jefferies backs Kalyan Jewellers stock 💎

Jefferies initiated coverage on Kalyan Jewellers with a 'Buy' rating, targeting ₹830 after the stock gained over 4% on Friday, August 7. The brokerage highlighted the company's franchisee-led expansion model as a capital-efficient growth driver, especially outside South India. They also noted the improving financial health, with the company achieving a net cash balance sheet. Jefferies projects revenue and earnings to grow at a CAGR of 21-23% between FY26 and FY29. The firm expects the company's deleveraging process to conclude during FY27.

⚽ Man Utd vs PSG: Player Ratings After 1-1 Draw

Manchester United drew 1-1 against Paris Saint-Germain in the match. The game took place between Manchester United and PSG. Key moments included the first goal and the 32nd-minute equalizer on February 24th. Players like Harry Maguire and Bryan Mbeumo received praise for their efforts in the contest. The managers will review these performances to plan future strategy. ⚽

✨ Jayati Bhatia clarifies Dipika Kakar's conversion reason

Jayati Bhatia, co-star of Sasural Simar Ka, clarified that Dipika Kakar's embrace of Islam was not for her marriage to Shoaib Ibrahim. Bhatia stated that Dipika converted because she was going through a difficult time and found strength in the faith. She shared that Dipika went to Ajmer Sharif, which led her to this personal decision for peace. Dipika and Shoaib met on the sets of Sasural Simar Ka and married in 2018. Currently, Dipika is facing health issues after undergoing surgery for liver cancer. 😥

⚽ Flick's pitch swayed Rodri from Real Madrid to Barça

Hansi Flick is credited with convincing Rodri to consider FC Barcelona over Real Madrid. The German manager personally called to explain his tactical plans featuring the World Cup winner, during a cooling-off period with Real Madrid. Recent reports suggest the signing has moved from a remote chance to a real possibility, while Madrid's hold is weakening. Barcelona already wanted a midfielder, viewing Rodri as the ideal successor to Sergio Busquets. It remains to be seen if Madrid fully backs out or if Barça can secure the necessary funds. 🤝

🏭 How Bata built a company town near Kolkata

In October 1934, the foundation stone for Batanagar was laid near Kolkata. This event featured Bretislav Martinec, John Bartos, and several dignitaries from the region. The ceremony marked a new phase of international cooperation between two firms and peoples. Batanagar was designed to mirror Zlín, a city inspired by Ebenezer Howard's garden city concept. The town was built to offer employees a comfortable lifestyle blending industry and greenery.

🔍 Insurance Claim Sparks Murder Probe in Belagavi

A former serviceman's death in Belagavi has sparked a murder investigation after his family alleged foul play. Police are probing the suspicion that he was murdered for a Rs 2 crore insurance claim. On Friday, authorities exhumed the 45-year-old Sandeep Manjarik's body, nearly three months after his death. Relatives accused his wife, Suma Manjari, and an alleged lover of conspiring to kill him via poison. Further action awaits the forensic science laboratory's report after questioning both individuals. 🧐

💹 US-Japan Yen Intervention Reshapes Global Currency

A major, unprecedented intervention by the US and Japan in currency markets is expected to reshape global market behavior. This action, executed using the euro-yen cross, involved explicit political backing from Washington. For the first time in 15 years, the US joined Japan to support the yen and prevent forced selling of Treasury securities. Experts suggest this move could be seen as 'weaponizing' the yen for market deterrence. The immediate future will see how this coordinated effort impacts international finance flows. 💰

🧠 Ex-bank chief chose learning over big pay in 1977

Ajay Nanavati, former Syndicate Bank chairman, shared his 1977 job offer from Tata for just Rs 960 per month. He chose this role despite better offers after studying chemical engineering in the US. Nanavati considers this decision the smartest career move, emphasizing that compensation follows competence. He advises young pros to optimize for learning over immediate earning in early career years. This contrasts with modern trends where compensation is often prioritized first.

🔥 Iran war lessons challenge US strategy, hit India hard

The six-month Iran war shows that military power alone doesn't guarantee political wins. The US failed to secure the Strait of Hormuz despite intense strikes against Iran. This conflict endangers India’s energy supply, as over 80% of its crude oil is imported through the region. Moreover, the war cripples India's Chabahar Port and freezes the IMEC corridor projects. India risks becoming a major collateral casualty in this prolonged global instability. 😥

🏛️ Senate pushes crypto bill vote past August recess

The U.S. Senate has postponed a vote on the Clarity Act, a major crypto market structure bill. Senate Majority Leader John Thune confirmed this procedural delay for the bill until September. The recess starts on Friday, with lawmakers returning in mid-September to push for the legislation. Democrats were reportedly hesitant due to potential political impacts before the midterm elections. The bill still needs 60 votes to pass the Senate before heading to the House. 🧐

🏏 Rahane on tough two years as India's 12th man

Ajinkya Rahane shared that he spent two years travelling with the team as the 12th man before his Test debut. He was part of the squad in 2011 but waited for 20 Test matches to play. Instead of getting discouraged, Rahane focused on learning from his teammates during this challenging phase. He realized that patience is key in cricket, much like navigating Mumbai local trains. Rahane, who recently retired, scored 5,077 runs in 85 Tests.