Govt agrees in principle to sell 95% stake in Air India. Air India puts to auction more than 60 real estate assets. Hopeful that all 19 of its grounded aircraft will rejoin the fleet by October. Yes Bank plans to raise additional $600m after raising $270m from marquee investors. ShareChat raises $100m in Series D funding round led by Twitter. Hero MotoCorp plants to remain shut for 4 days till Aug 18. TV sales decline despite discounts. Alibaba reports 42% rise in revenue in Q1. Walmart International posts c. 30% decline in operational income.
Moving on to the top Business news stories of the day: