Kotak Mahindra Bank has announced an agreement to acquire Deutsche Bank's retail banking, private banking, and wealth management portfolios in India. The deal will allow Deutsche Bank to focus on ultra-high net worth clients.

Meanwhile, jet fuel and commercial LPG cylinder prices have been cut in India as state-owned fuel retailers lowered prices amid falling global oil prices. One private retailer has also slashed petrol and diesel prices, though major public retailers have not yet followed suit.

India's stock market is rebounding after two consecutive days of decline, with Kotak Mahindra Bank shares among the gainers.

On the international front, there is growing discontent among Pakistani politicians over India's alleged non-compliance with the Indus Water Treaty, escalating tensions between the two nations.

Mumbai experienced heavy rainfall on Tuesday, flooding low-lying areas. Delhi is hoping for rain to relieve the summer heat.

Source: www.dw.com