Tata Sons chairman emeritus Ratan Tata.  (Photo: Mint)
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A view of the 750MW solar power plant that PM Narendra Modi inaugurated via videoconferencing, in Rewa on Friday.

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Franklin’s remaining exposure is to longer maturity papers.
Photo: Mint
SBI chairman Rajnish Kumar  (Photo: Bloomberg)
Railway Board Chairman Vinod Kumar Yadav (ANI)

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Hero Corporate Service chairman Sunil Kant Munjal said govt must provide two more doses of fiscal support (Photo: )
(Photo: Reuters)
(Photo: Reuters)
Both manufacturing and services Purchasing Manager’s Index (PMI) showed significant improvement in June over May. REUTERS/Issei Kato/File Photo (REUTERS)
Total tenants on Infratel’s towers or co-locations declined 15% between FY18 and FY20 (Photo: Reuters)
The bank will look at its lending business through three filters, as part of its plans for a post-covid world, Uday Kotak said
The attitude towards us in a country where we contribute greatly is unfortunate, CEO Rajesh Gopinathan said.  (Photo: Mint)
Ola also announced then that it will have to fire 1,400 employees due to the business slowdown (MINT)
Ola also announced then that it will have to fire 1,400 employees due to the business slowdown (MINT)

Two senior Ola executives Arun Srinivas and Sanjiv Saddy resign

  • Ola’s revenues declined sharply by 95% during the lockdown in April and May, chief executive Bhavish Aggarwal revealed
  • Srinivas’ and Saddy’s exit from Ola comes at a time when the mobility and cab-hailing industry has been in turmoil ever since a nationwide lockdown began on 25 March

A study showed that 74.4% of remdesivir-treated patients recovered by Day 14 versus 59.0% of patients receiving standard of care (Photo: Reuters) (REUTERS)
A study showed that 74.4% of remdesivir-treated patients recovered by Day 14 versus 59.0% of patients receiving standard of care (Photo: Reuters) (REUTERS)

Coronavirus: Gilead says remdesivir reduced risk of death in patients

  • Remdesivir has been at the forefront of the battle against COVID-19
  • Several countries have approved the use of the treatment in severe patients but there are concerns over supply of the drug

Vodafone Idea cumulatively paid out  ₹2850 crore to 7 bond holders including mutual funds and banks. (Photo: Reuters)
Defence Minister Rajnath Singh  (ANI)
Mukesh Ambani, chairman of Reliance Industries Limited (Photo: Reuters)
Mukesh Ambani, chairman of Reliance Industries Limited (Photo: Reuters)

Mukesh Ambani now richer than Warren Buffett as RIL shares break records

  • Mukesh Ambani is now the eighth richest person on the planet, and Buffett is ninth, according to the Bloomberg Billionaires index, which started in 2012
  • Mukesh Ambani is now worth $68.3 billion, surpassing Buffett’s $67.9 billion as of Thursday

The top four, including Parle, retained their rankings in the Kantar Brand Footprint Report.
(Photo: Mint)
In this picture taken on June 24, 2020, medical staff wearing personal protective equipment (PPE) conduct a door-to-door medical screening inside the Dharavi slums to fight against the spread of the COVID-19 coronavirus in Mumbai. - When coronavirus claimed its first victim in India's largest slum, many feared the disease would turn its congested streets into a graveyard, but three months on, Mumbai's Dharavi offers a rare glimmer of hope with new infections shrinking. (Photo by INDRANIL MUKHERJEE / AFP) / TO GO WITH Health-virus-India-slum,FOCUS by Ammu KANNAMPILLY and Vishal MANVE (AFP)
In this picture taken on June 24, 2020, medical staff wearing personal protective equipment (PPE) conduct a door-to-door medical screening inside the Dharavi slums to fight against the spread of the COVID-19 coronavirus in Mumbai. - When coronavirus claimed its first victim in India's largest slum, many feared the disease would turn its congested streets into a graveyard, but three months on, Mumbai's Dharavi offers a rare glimmer of hope with new infections shrinking. (Photo by INDRANIL MUKHERJEE / AFP) / TO GO WITH Health-virus-India-slum,FOCUS by Ammu KANNAMPILLY and Vishal MANVE (AFP)

Covid-19: Maharashtra reports highest single day jump in covid-19 cases at 7,862

  • Currently, 674,025 people are in-home quarantine and 46,560 people are in institutional quarantine in the state
  • Out of 1,253,978 laboratory samples, 238,461 have been tested positive (19.01%) for covid-19 until today

Image for representative purposes only.
SC transfers all cases by Amrapali homebuyers to Enforcement Directorate (Photo: HT) (HT)
SC transfers all cases by Amrapali homebuyers to Enforcement Directorate (Photo: HT) (HT)

SC transfers all cases by Amrapali homebuyers to Enforcement Directorate

All the FIRs pending in Delhi and Noida against Amrapali developers have been directed to be transferred to Enforcement Directorate for further investigation, counsel for SBI Cap apprised the bench that a final proposal on releasing the funds is being decided and shall be finalized in three weeks

A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City (Reuters)
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City (Reuters)

Most stocks drift higher on Wall Street; tech a rare downer

  • Most stocks in the market were rallying, led by those that would benefit most from a reopening and strengthening economy
  • On the losing end were some of the stocks that have been holding up best this year: big tech-oriented giants. Apple slipped 0.2%, and Microsoft dipped 0.6%

Kerala chief minister PInarayi Vijayan. File photo: Ramesh Pathania/Mint
(Photo: PTI)
India moves up a rank to become second-largest source of FDI for UK (Photo: Reuters) (Reuters)
India moves up a rank to become second-largest source of FDI for UK (Photo: Reuters) (Reuters)

India moves up a rank to become second-largest source of FDI for UK

  • India represented an overall 4% FDI increase for the UK on 2018-2019 with 1,852 new inward investment projects in the 2019/2020 financial year
  • The number of Indian projects is at 106, resulting in a job creation figure of 4,858 last year contrasts with 120 projects and 5,429 jobs for this year

The IPO will close on 15 July.
Only the essential services will be allowed during the 10-day long lockdown in Pune (PTI)
Several hundred million doses could be produced even before the approval  (Photo: Bloomberg)
As for real wages, the study shows that it rises gradually so that, 40 years out, the real wage is about 10% higher. Real wages are wages adjusted for inflation. (Photo: ANI)
(Photo: Reuters)
(Photo: ANI)
PNB has already made provisions amounting to  ₹1,246.58 crore against the DHFL account.. (Photo: Bloomberg)
PNB has already made provisions amounting to 1,246.58 crore against the DHFL account.. (Photo: Bloomberg)

Fraud label on DHFL not the biggest problem for PNB

  • A big unknown for investors is the fallout of the merger with Oriental Bank of Commerce and United Bank of India on PNB’s capital. FY20 metrics did not include the two lenders’ performance as the merger took effect on 1 April

Rajiv Suri’s resignation will be effective 25 August.
Both COVID-19 and have symptoms such as high fever, headache and body pain (Photo: Bloomberg)
Both COVID-19 and have symptoms such as high fever, headache and body pain (Photo: Bloomberg)

Scientists worried that dengue outbreak may aggravate COVID-19 crisis

The effect will be very critical. As major symptoms are overlapping, simultaneous infection will be much more fatal. Weakened immune systems will help the other to be more fatal, say experts

Sensex fell 143 points today
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