Not corporate governance, Cyrus Mistry eyes foothold in group: Ratan Tata

Cyrus Mistry is fighting a court battle against Tata Sons over his ouster from the Tata group

India must end dependence on imports of all equipment: PM Modi

The government is evolving a strategy of not using Chinese equipment and technology in the power sector

Voda Idea clears dues in relief for Franklin investors

MFs say payment will be distributed to investors next week

State governments go slow on infra spending

Many states have postponed tendering for new projects, while several ongoing projects are facing delays

No need for a blanket moratorium beyond 31 August: SBI chief Rajnish Kumar

SBI chairman says RBI will consult all lenders before deciding to extend moratorium

States ask railways to cancel trains due to rising covid-19 cases

'We have been getting requests from state governments for cancellation of trains, for reducing frequency and cancelling stoppages, depending on covid-19 situation,' Railway board chairman Vinod Kumar Yadav said in an online briefing

Recovery could take 2-3 years: India Inc

Piramal group’s Ajay Piramal said the concept of Atmanirbhar Bharat should be built up by backing MSMEs

Amazon employees in the US told to delete TikTok due to security reasons

It’s unclear whether the order is applicable for Amazon's employees only in the US or whether it extends to those in other countries too

India, China diplomats vow to keep talks on track

Since early this month, the two sides have implemented a slow pullback of troops from three friction points

IIP contracts sharply in May but at a slower pace than in April

The Index of Industrial Production shrank 34.7% in May against a 57.6% contraction in the previous month

Vodafone Idea’s woes may take a further toll on Bharti Infratel

If true, this will impact Infratel’s financials further. Operating earnings, adjusted for the Ind-AS impact in FY20, declined 8.7% over the last two years, with Vodafone Idea exiting overlapping telecom sites

Kotak Mahindra Bank to be mindful of firms with high leverage: Uday Kotak

The financial sector is in the middle of a storm and all the boats will have to navigate rough seas, says Kotak

TCS criticizes H-1B visa ban, curbs on foreign students

• The move plays with lives of professionals who’ve delivered value to US, the firm said
• TCS was the first among Indian IT companies to call out the visa curbs imposed by the US

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

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 makes payments of ₹2,850 crore to mutual funds and banks

While the side pockets of Franklin Templeton India schemes have received ₹1252 crore, UTI Mutual Fund has received ₹166 crore and Nippon India Mutual Fund has received ₹121 crore

Ladakh row figures in Rajnath's telephonic talks with US Defence Secretary

China's aggressive posturing along the Line of Actual Control in eastern Ladakh was discussed and Singh apprised Mark T. Esper about India's position on the row

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

Parle,  Amul, Ghadi in top brands list

For the study, the research agency considered 575 brands across food, homecare, health, beverages and dairy

Covid-19 impact: SC allows summons, notices to be served through digital medium

• 'Only if the two blue ticks are there then it can be proved under Evidence Act. So WhatsApp can be used (for summons),' said CJI S.A. Bobde
• The apex court has already been hearing cases through video conferencing since March

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

Nvidia, AMD offering popular games with latest graphics card and processors

AMD is offering a complimentary copy of Assassin’s Creed Valhalla which can be redeemed on AMD’s website on November 7, 2020

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

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%

Thiruvananthapuram lockdown extended, triple lockdown in containment areas

• We need strict restrictions to contain the spread of the virus, Kerala tourism minister Kadakampally Surendran said
• The first coronavirus patient was detected in Kerala in January

Second day in a row, both Karnataka and Bengaluru see record jump in new cases

While Karnataka's overall tally crossed 33,000, Bengaluru's case count crossed 15,000-mark

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

Rossari Biotech raises ₹148.8 crore from anchor investors ahead of IPO

Institutional investors that participated in the anchor allotment included Abu Dhabi Investment Authority, Axis Mutual Fund, Mirae Asset Mutual Fund, Goldman Sachs, HFDC Mutual Fund, SBI Mutual Fund, among others

Pune lockdown from Monday as COVID-19 cases rise. Things that will be allowed

• The lockdown in Pune will be stricter divisional commissioner (Pune division) Deepak Mhaisekar said
• Maharashtra alone recorded 230,599 coronavirus cases since the outbreak

BioNTech, Pfizer covid vaccine expected to be ready for approval by year end

The experimental vaccine is expected to move into a large trial involving 30,000 healthy participants later this month, pending regulatory nod

What history tells us about pandemics and interest rates

According to the study, pandemics are followed by sustained periods—over multiple decades—with depressed real interest rates

Covid-19 impact: Mercedes Benz reports sales of only 2,948 units during Jan-Jun

The luxury carmaker currently expects customer sentiments to revive going forward, though the market conditions would continue to remain challenging

IRCTC's Q4 net profit soars 80% to ₹150.6 cr; announces dividend of ₹2.50

However, on sequential terms the company saw 26.6% dip in net profit, which might be attributed to the coronavirus-induced lockdown imposed in March

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

Shoppers Stop MD & CEO Rajiv Suri resigns, cites personal reasons

The company has not announced an immediate successor to Suri

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, Nifty extend gains to 4th week. But analysts warn of market fatigue

• Sensex and Nifty fell about 0.4% today despite record closing by RIL
• But on a weekly basis, Sensex and Nifty closed up about 1.5%