- In our top story, a court has extended the Delhi police's custody of alleged Lashkar-e-Taiba operative Abu Jundal by 15 days and asked various other investigating agencies to co-ordinate with the Delhi unit to get further information to assist them in their investigations. After hearing the agencies' arguments, which included the Maharashtra police, who said they wanted to bring him face to face with Ajmal Kasab, the court finally said that since the Delhi police was already conducting investigations, they could retain his custody.
- Vijay Mallya could soon find himself out of the Kingfisher House in Mumbai and his own Villa in Goa after bankers are considering selling-off Kingfisher's non-core assets for debt recovery.
A formal decision in this regard is expected soon. A group of banks, led by the State Bank of India met in the morning to review the airline’s financial position. However, it was inconclusive. The consortium of 17 banks have a combined stressed exposure of over Rs 7,500 crore to the airline.
Sources said that the company could not commit on fresh fund infusion. CNNIBN's Karma Paljor explains more in the bulletin.
- And over to the Indo-Pak talks in New Delhi. Foreign Secretary Jalil Abbas Jilani has said that terrorism is a common threat for both the countries and a blame game will not help. After the two-day talks with India's Foreign Secretary Ranjan Mathai, Jilani said Pakistan was ready for a joint investigation with India into the disclosures made by Abu Jindal about his role in the 26/11 Mumbai attacks. Besides terror, the foreign secretaries of India and Pakistan also had extensive discussions on confidence building measures and the situation in Kashmir. A statement said that there was a comprehensive exchange of views on the issue and agreed to continue discussions in a purposeful and forward looking manner.
- Police investigating the mysterious disappearance of starlet Laila Khan, have said that she was killed along with her family in a forested area around 150km out of Mumbai. They had been interrogating her husband Pervez Tak, who had initially told them that the actress had fled the country.
- India has put in place a $5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions. From city hospitals to tiny rural clinics, India’s public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year.
- Over to sport and Sunil Chhetri has signed for Portuguese club Sporting Lisbon in one of the biggest moves an Indian football player has ever made. The club is famous for producing players like Cristiano Ronaldo, Nani and Luis Figo. Even though Chhetri goes straight to the B team, good performances may see him elevated to regular first team football. We have comprehensive coverage on our sports page.
- And finally, Bloomberg’s latest report has sparked rumours that Apple will be launching a mini iPad this October, which could compete with Google’s Nexus 7 and Amazon’s Kindle Fire.