U.S., President Joe Biden has quit the race against Donald Trump;California governor Gavin Newsom threw his support behind Kamala Harris; HDFC Bank Q1 net profit fall 2% sequentially to about Rs 16,175 crore on lower core income growth and higher tax expenses;Reliance Industries's net profit declined nearly 18% in the quarter ended June to Rs 17,745 crore; Kotak Mahindra Bank's standalone net profit rose 81% to about Rs 6,250 crore; Bangladesh Prime Minister Sheikh Hasina shelved her overseas travel plans that were to start July 21....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.