India has made significant strides in reducing poverty, with rates dropping to 8.5% in 2022-24 from 21.2% in 2011-12, according to a research paper released by the National Council of Applied Economic Research (NCAER).

HDFC Bank has announced a scheduled system upgrade on July 13, 2024, which will temporarily affect its UPI (Unified Payments Interface) services. The bank aims to enhance its overall performance, capacity, and reliability through this upgrade, which will necessitate specific downtime periods for various banking services.

In a significant milestone, Steve Ballmer, former CEO of Microsoft Corp., has surpassed company co-founder Bill Gates to become the sixth-richest person in the world. This shift in wealth comes as Microsoft's stock reached record highs, bolstered by its strategic partnership with OpenAI, positioning it as a major beneficiary of the artificial intelligence boom in the US market.