Japan‘s Prime Minister Yoshihide Suga to resign for the post of Prime Minister, Kyodo news reported. Party sources said he would not fight in the ruling party leadership race in September. Suga thought to reshuffle his cabinet and party officials, but those plans are no longer valid, two party sources told Reuters.

• Tech Mahindra Expands ServiceNow Alliance for Enterprise AI
• Aditya Birla Capital Shares Jump 4% on Gold Loan Foray
• Crompton Greaves Shares Rise on FY29-31 Outlook
• Escorts Kubota to Invest Rs 2,000 Crore in New UP Plant
• Brigade Enterprises Shares Jump 6% on HealthEdge Lease Deal

Fumio Kishida, a former foreign minister, will be fighting in elections for the party leader post. Kishida had criticised Suga’s planning against coronavirus and requested an incentive package to fight the covid-19 pandemic. Unlike last year, grassroots LDP members will also vote with its members of parliament, which makes the party leadership elections a bit harder to predict.