In its March quarter earnings presentation, Reliance had said it has achieved half of its targeted value unlocking in Jio Platforms (Photo: Reuters)
Mumbai: Workers carry material to build a quarantine and hospital facility for treating critical COVID-19 patients, at RTO Kandarpada in Mumbai, Thursday, June 4, 2020. Reportedly, the center is set to be fully air-conditioned and will accomodate 250 beds with ICU's and dialysis facilities. (PTI Photo) (PTI)
Mumbai: Workers carry material to build a quarantine and hospital facility for treating critical COVID-19 patients, at RTO Kandarpada in Mumbai, Thursday, June 4, 2020. Reportedly, the center is set to be fully air-conditioned and will accomodate 250 beds with ICU's and dialysis facilities. (PTI Photo) (PTI)

India curve continues to rise, could hit 300,000 cases in a week

The death count in Mumbai is now close to 1,500, while that in Ahmedabad is now 938

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There are many investors on Dalal Street who haven’t seen a sharp recovery in their portfolio. Photo: Mint
The lifting of curbs, except in containment zones, could help manufacturers
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Facebook was the first investor in Jio Platforms, buying a 9.99% stake for Rs43,573.62 crore. The deal was announced on 22 April.
Facebook was the first investor in Jio Platforms, buying a 9.99% stake for Rs43,573.62 crore. The deal was announced on 22 April.

RIL's Jio Platforms gets one more investor, Mubadala to buy 1.85% for Rs9,094 cr

  • Jio has so far raised Rs87,655.35 crore by selling 18.97% stake to 6 investors that include Facebook, General Atlantic, KKR
  • The stake sales are part of RIL's plan to be debt-free by March. It raised Rs53,124 crore via a rights issue that closed 4 June

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Mumbai: CISF personnel deployed at Marine drive, during the fifth phase of COVID-19 lockdown, in Mumbai, Thursday, June 4, 2020.  (PTI Photo/Shashank Parade)(PTI04-06-2020_000209A) (PTI)
Mumbai: CISF personnel deployed at Marine drive, during the fifth phase of COVID-19 lockdown, in Mumbai, Thursday, June 4, 2020. (PTI Photo/Shashank Parade)(PTI04-06-2020_000209A) (PTI)

Coronavirus: India sees deadliest 24 hours with highest deaths, 9,851 new cases

  • India now has the seventh highest number of cases in the world after the United States, Brazil, Russia, United Kingdom, Spain and Italy
  • The deadly novel coronavirus has claimed 6,348 lives in the country, 273 coronavirus patients died in last 24 hours

Photo: AP
Photo: AP
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Market LIVE: Sensex, Nifty pare gains; Tata Motors, Bharti Infratel up over 6%

  • Nifty Bank rises 1,2%, Nifty Metal surges about 4%
  • BSE MidCap, BSE Small rise around 0.7%-1.4%

Relatives mourn a man who died due to the coronavirus disease (COVID-19), at a crematorium in New Delhi, India, June 4, 2020. REUTERS/Adnan Abidi (REUTERS)
Relatives mourn a man who died due to the coronavirus disease (COVID-19), at a crematorium in New Delhi, India, June 4, 2020. REUTERS/Adnan Abidi (REUTERS)

With second highest active cases in India, tally crosses 25,000 in Delhi

  • The total number of coronavirus patients in the national capital has crossed 25,000-mark
  • The Union health minister Harsh Vardhan advised the Delhi government to ramp up testing, surveillance, contact tracing

Jefferies maintained its buy rating on Bharti Airtel and 12-month price target of  ₹660 per share (MINT_PRINT)
Jefferies maintained its buy rating on Bharti Airtel and 12-month price target of 660 per share (MINT_PRINT)

Bharti Airtel share prices may double in 3 years: Jefferies

  • India’s telecom market has drawn attention from global giants
  • The ratio of mobile revenue to gross domestic product for India is among the lowest of countries with similar per capita GDP, suggesting scope for average revenue per user to rise

Many H-1B visa holders have lost their jobs in the US due to the coronavirus pandemic. (AFP)
Many H-1B visa holders have lost their jobs in the US due to the coronavirus pandemic. (AFP)

The tragedy of Indian H-1B visa holders with US-born kids

  • Many Indian H-1B visa holders are feeling left out in the US now
  • US-born kids of H-1B visa are not being allowed entry to India under the Vande Bharat Mission flights

From left) Suresh Narayanan of Nestle India, Saugata Gupta of Marico Ltd, Arvind Mediratta of Metro Cash & Carry and Angshu Mallick of Adani Wilmar
From left) Suresh Narayanan of Nestle India, Saugata Gupta of Marico Ltd, Arvind Mediratta of Metro Cash & Carry and Angshu Mallick of Adani Wilmar

FMCG recovery hinges on revival of rural demand

  • Thanks to a bumper crop this year, rural demand is likely to remain strong, which, in turn, will aid revival in demand
  • If firms spend more on improving their work culture, then there will be better-run companies

The board will meet on June 12 to consider the delisting proposal. (Photo: Mint)
Shoppers wearing face masks a Mall. (AP)
People pull the body of a dead pregnant elephant out of the water, after the animal apparently ate some firecracker-stuffed pineapple and died,  (ANI via REUTERS)
People pull the body of a dead pregnant elephant out of the water, after the animal apparently ate some firecracker-stuffed pineapple and died, (ANI via REUTERS)

One person arrested in connection with death of pregnant elephant

Forest department sources had said yesterday that three people were under the scanner of the joint investigation team of Kerala police and their personnel and a search was on for two more people

In the wake of coronavirus pandemic in the country, India imposed a nationwide lockdown in the last week of March (PTI)
A file photo of Petronet's Dahej Terminal (Mint)
The findings led the World Health Organization to temporarily suspend clinical trials into hydroxychloroquine (REUTERS)
Mukesh Ambani, Chairman of Reliance Industries Ltd. (Reuters)
Gold rate today: On MCX, prices fell to  ₹46,369 per 10 gram. Customers at a gold jewellery shop, in Chennai
Shares of Reliance Industries today hit a record high when it rose over 2% to  ₹1617.70 in early trade today (REUTERS)
Demonstrators protest and shout with banners against racism in front of the US embassy in Warsaw on June 4, 2020 in solidarity with protests raging across the United States over the death of George Floyd. (AFP)
Demonstrators protest and shout with banners against racism in front of the US embassy in Warsaw on June 4, 2020 in solidarity with protests raging across the United States over the death of George Floyd. (AFP)

Goldman Sachs executive's email on racial inequality in America goes viral

  • Goldman Sachs on Wednesday created a $10 million fund for racial equity
  • The email by Frederick Baba, a managing director at the bank who is black, coincides with other Wall Street executives and companies speaking out against racial inequality

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Reliance, backed by Asia’s richest man Mukesh Ambani, is also in advanced talks with Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund
Reliance, backed by Asia’s richest man Mukesh Ambani, is also in advanced talks with Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund

Mukesh Ambani's Jio Platforms gets 87,655 cr investment in 6 weeks. Timeline

  • Mubadala's investment will translate into a 1.85 per cent equity stake on a fully diluted basis
  • Jio Platforms has raised a total of 87,655.35 crore from leading global technology and growth investors

A file photo of Pangong Lake in Ladakh region of India (Photo: AP)
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Amazon is in talks for a 5% stake worth at least $2 billion in Bharti Airtel, a report said.
Amazon is in talks for a 5% stake worth at least $2 billion in Bharti Airtel, a report said.

US tech firms line up for stakes in telcos

  • Airtel could also benefit from Amazon’s purchase-level insight due to its e-commerce services
  • Analysts say the discussions and buzz around partnerships between technology and telecom companies could mark a strategic shift, especially in the e-commerce sector

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Forbes estimated that Jenner earned $590 million in the last 12 months, Akshay earned 48.5 million dollars.
Twenty Delhi Metro staff, living in Delhi and its neighbouring cities, have tested positive for COVID-19 till date
Twenty Delhi Metro staff, living in Delhi and its neighbouring cities, have tested positive for COVID-19 till date

20 Delhi Metro staff have tested positive for Covid-19 till date

Many Delhi Metro Rail Corporation (DMRC) officials have been coming to office or to station premises to ensure smooth resumption of services, whenever the orders come from the government.

If bed with the level facilities is not available at the hospital, it would be the sole responsibility of the hospital to transfer the patient to other hospital and till that happens, (REUTERS)
If bed with the level facilities is not available at the hospital, it would be the sole responsibility of the hospital to transfer the patient to other hospital and till that happens, (REUTERS)

Treatment of coronavirus patients: Delhi govt issues new rules for hospitals

  • Govt has directed all the hospitals to shift the patient from the vehicle to the triage area in 15 minutes without asking for details
  • The patient must not be made to stay in triage for more than 3 hours

Bharti Airtel shares rose 4% on Thursday
'Monopolies are wrong,' Elon Musk tweeted while tagging Jeff Bezos, the world’s wealthiest man (AP)
'Monopolies are wrong,' Elon Musk tweeted while tagging Jeff Bezos, the world’s wealthiest man (AP)

Elon Musk says ‘time to break up Amazon,’ escalating feud with Jeff Bezos

  • 'Monopolies are wrong,' Elon Musk tweeted while tagging Jeff Bezos, the world’s wealthiest man
  • The online retailer is among tech companies being scrutinized by federal regulators and lawmakers for the increasing size and the scope of its business

AB-PMJAY officials have been tracing high risk beneficiaries through a call centre. (Photo: AP)
Migrants inside a Shramik Express to reach their native place Ranchi at Guwahati railway station which came from Dibrugarh, during the ongoing COVID-19 lockdown, in Guwahati. (PTI)
Migrants inside a Shramik Express to reach their native place Ranchi at Guwahati railway station which came from Dibrugarh, during the ongoing COVID-19 lockdown, in Guwahati. (PTI)

India's urban covid-19 outbreak is morphing into a rural health crisis

  • All transport in India was suspended in late March, when Prime Minister Narendra Modi announced a nationwide lockdown in an attempt to contain covid-19
  • As migrant workers fan out to their villages, some states with an existing heavy burden of cases are facing a second wave of infections

A security person offers flowers to Lord Ganesha at a temple (PTI)
A security person offers flowers to Lord Ganesha at a temple (PTI)

No touching of idols to staggered entrance: Unlock 1.0 rules for religious areas

  • No physical offerings like Prasad/distribution or sprinkling of holy water, etc to be allowed inside the religious place, said health ministry in a statement
  • Common prayer mats should be avoided and devotees should bring their own prayer mat or piece of cloth which they may take back with them, it added

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