News Bytes

NewsBytes was founded by graduates from IIT, IIM, and prestigious Ivy League schools with a mission to simplify the way you consume news. In today's world, where distractions are everywhere, it can be tough to quickly find the information that truly matters. Traditional news delivery often doesn't align with how our brains naturally process information; we understand stories better than dry facts. That's where NewsBytes comes in. We provide clear answers to the first five questions you might have after seeing a news headline, making it easier for you to grasp the essentials of any story.

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Trent Boult hands MI massive boost for IPL season remainder

1 day ago | newsbytesapp.com | Rajdeep Saha

Boult, 36, was MI's costliest buy at the last mega auction, going for ₹12.5 crore (approximately $1.49 million). His performance this season has been phenomenal, making him MI's top wicket-taker and joint-fourth in the tournament with 18 wickets at an economy of 8.49. He also took home the Player-of-the-Match award for his brilliant figures of four for 26 in an away game against Sunrisers Hyderabad (SRH).
Nottingham Forest striker Taiwo Awoniyi in induced coma after surgery

1 day ago | newsbytesapp.com | Rajdeep Saha

Awoniyi had surgery on Monday night and is currently in the hospital. The rest of his treatment will be completed by Wednesday. Nottingham Forest issued a statement on Tuesday, confirming that Awoniyi was "recovering well" following the surgery. However, he had to be given extensive medical attention right on the pitch after his injury during Sunday's match. The incident that led to Awoniyi's injury was controversial as Elanga was offside when he received the ball.
Carlo Ancelotti appointed as Brazil head coach: Details here

3 days ago | newsbytesapp.com | Rajdeep Saha

This will be Ancelotti's first foray into international coaching. He is already one of the most successful managers in club football history. His appointment comes as Brazil gear up for World Cup qualifiers against Paraguay and Ecuador next month. The CBF called this a "landmark moment" in sports history, noting Brazil's five World Cup victories and Ancelotti's impressive European record.
How compound interest helps build wealth over time

3 days ago | newsbytesapp.com | Akash Pandey

The real beauty of compound interest is that it grows your wealth exponentially over time. By reinvesting the interest you earn into the principal, you let your investment earn more returns in the coming periods. For instance, if you invest ₹1,00,000 at an annual interest rate of 5%, compounded annually, you would have around ₹1,62,889 after 10 years. See how your amount grows with time! Starting early is the key to maximizing the benefits of compound interest.
Why financial literacy is key to navigating rising inflation

3 days ago | newsbytesapp.com | Akash Pandey

Home / News / Business News / Why financial literacy is key to navigating rising inflation Inflation eats away at your purchasing power by driving up the cost of goods and services over time. When people are financially literate, they can understand how inflation impacts their day-to-day expenses and long-term savings. This knowledge allows them to modify their budgets accordingly and focus their spending on essentials, while trimming non-essential purchases.
Risk management basics everyone should know for smarter financial decisions

3 days ago | newsbytesapp.com | Akash Pandey

Home / News / Business News / Risk management basics everyone should know for smarter financial decisions The first step toward effective risk management is identifying potential risks. Financial risks can stem from a variety of sources, like market fluctuations, economic downturns, or interest rate changes. By identifying these risks early on, one can develop strategies to mitigate them.
Effective strategies to manage and reduce debt for better finances

3 days ago | newsbytesapp.com | Akash Pandey

Home / News / Business News / Effective strategies to manage and reduce debt for better finances A realistic budget plan is key to reducing debt effectively. Begin by writing down all your sources of income and expenses to get a better assessment of your finances. First, dedicate money toward necessities like housing, utilities, groceries, transportation, etc. Follow that with a portion set aside for savings and debt repayment.
5 common budgeting mistakes and how to avoid them

3 days ago | newsbytesapp.com | Akash Pandey

What's the story Managing personal finances can be tricky, especially when you make common budgeting mistakes. These errors can cause unnecessary financial stress and prevent you from achieving long-term goals. Knowing these pitfalls is important for maintaining a healthy financial life. Today, we list five common budgeting blunders that people often come across and how to avoid them. Recognizing these mistakes can pave your way to better financial management and stability.
Motilal Oswal co-founders invest $100M in Zepto, boosting Indian ownership

3 days ago | newsbytesapp.com | Akash Pandey

Apart from their own investments, MOFSL is also gearing up to lead a $250 million secondary round of funding for Zepto. The firm intends to raise funds from its domestic investors and purchase shares from Zepto's foreign investors. Edelweiss and Hero Fincorp are also likely to join this round of funding. The transactions value Zepto at $5 billion, in line with its previous round.
Ather Energy's loss narrows to ₹234cr as revenue jumps 29%

3 days ago | newsbytesapp.com | Akash Pandey

For the full fiscal year, Ather Energy posted a 29% rise in revenue at ₹2,225 crore. The net loss for the period was also curtailed by 23% at ₹812 crore. This was despite an exceptional outgo of ₹175 crore toward refunds for off-board chargers under the FAME II and PMP guidelines. These numbers reflect a strong revenue growth and improved financial performance for the company over the last year.