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Mint Midday Digest: Maharashtra cabinet expansion, Delhivery Q1 results and more

The much-awaited Maharashtra cabinet led by Chief Minister Eknath Shinde has been expanded on Tuesday. (ANI Photo) (Deepak Salvi)

The much-awaited Maharashtra cabinet led by Chief Minister Eknath Shinde has been expanded on Tuesday, more than five weeks after the new government was sworn in on June 30 this year. Governor Bhagat Singh Koshyari administered the oath of office to 18 MLAs as Maharashtra minister today. Read more here

Opposition to support Nitish Kumar amid Bihar political crisis

After the resignation of ex-JD-U leader RCP Singh amid allegations of irregular land transactions by his family members, the tussle of power between JD-U and BJP is completely visible and according to some reports senior JD-U leaders, including Nitish Kumar, have been in the party meetings for the past 24 hours and will conduct a major meeting on August 9 to decide if they will remain in government with BJP. Read more here

Delhivery Q1 net loss widens, revenue grows 32%

Delhivery Ltd's consolidated net loss widened to 399 crore during the first quarter ended June 2022 as compared to loss of 129.6 crore in the same quarter last year. The company's revenue rose by over 32% to 1,745.7 crore from 1,317.7 crore year-on-year (YoY). Read more here

Indian children suffer cyberbullying across all social media: Report

Nearly 85% of children in India are victims of cyberbullying (or have cyberbullied someone else) at rates that are nearly twice as high as the global average, according to a new study. Cybersecurity company McAfee's report, "Cyberbullying in Plain Sight", is based on a survey of 11,687 parents and their children from 10 different countries that was performed between June 15 and July 5. Read more here

iOS 16 beta 5 brings back battery percentage indicator for these iPhones

Apple has released the 5th beta update of iOS 16. The beta update brings back the battery percentage indicator to the status bar. To recall, the indicator was done away with iPhone X. It was located on the left side of the battery icon previously. But now, it is placed inside the battery icon. Read more here

SoftBank pledges sweeping cost cuts after $23.4 billion loss

SoftBank Group Corp.’s Masayoshi Son said he plans widespread cost cutting at his Japanese conglomerate and its Vision Fund investment arm after a record $23.4 billion loss on plunging portfolio valuations and foreign currency losses. Shares dropped. Read more here

Muharram processions: These Mumbai roads will be closed for vehicular movement

Mumbai Traffic Police has informed that a number of roads will be closed because of Muharram processions. Read more here

Indian Oil's record date for final dividend this week. Details here

Oil marketing company Indian Oil Corporation (IOC)'s board of directors in its meeting held on May 17, 2022 had recommended a final dividend for financial year 2021-22 and the record date for the same is this week on Friday, August 12, 2022. Read more here

Snapchat plans employees layoff: Report

Snapchat is planning employee layoffs in the organization, according to the Verge as quoted by news agency Reuters, citing that people are familier with the plans. However, the report added that the scope of layoffs is currently unclear as the planning is still under process by the managers for their teams. Read more here

Time limit to delete WhatsApp messages increased: Here’s how to delete

WhatsApp has introduced multiple new features for its users. One such feature is the ability to delete unwanted messages or those sent by mistake. Currently, users can delete such messages within up to 68 minutes. The Meta-owned instant messaging app is now increasing this time limit to over 2 days. Announcing the new time limit via a post on Twitter, the company writes “Rethinking your message? Now you’ll have a little over 2 days to delete your messages from your chats after you hit send." Read more here

Layoff wave: Startups failing in India? How entrepreneurs can evade the collapse

India has around 75,000 startups and 7.46 lakh jobs have been created by the Indian startup ecosystem so far, Union Minister Piyush Goyal had recently said this. "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth," Goyal had tweeted. Read more here

Syrma SGS Tech IPO: Latest GMP ahead of subscription opening this week

Ending the two-and-a-half months of the gap in the initial public offering (IPO) market, electronic manufacturing services firm Syrma SGS Technology will be launching its public issue this week on Friday, August 12, 2022. Companies were not taking the IPO route for fundraising in the past few months due to the volatility in the markets. Read more here

Uttar Pradesh CM Yogi Adityanath gets death threat

Yogi Adityanath, the chief minister of Uttar Pradesh, had received a bomb threat. On August 2, a message containing the death threat was delivered to the police control room's WhatsApp hotline, officials said on August 8. Read more here

Donald Trump's Florida residence raided by FBI, he calls it ‘dark times’

Federal Bureau of Investigation(FBI) on Monday searched the Mar-a-Lago estate of former US President Donald Trump in connection with an investigation on whether he took classified documents with him when he left the white house in 2020. Read more here

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