What will India's recovery be like? Three letters hold key

There is growing concern about India’s slowing economy, which has weakened further due to the covid-19 pandemic. Some experts worry recovery will be slow; others say normalization could be swift as curbs are lifted. Mint explains the different kinds of economic recovery

Jet Airways receives fresh EoIs ahead of the deadline

• This is the fourth attempt by the airline’s resolution professional to find a suitor for reviving the ailing company
• The employees consortium and the South American based Synergy Group have also submitted their interest in the company

Oyo says it has capital runway of 3-4 years, will not exit any market

• In recent months, Oyo, which has a footprint in 80 countries, has been cutting costs to conserve cash
• The company cut thousands of jobs, reduced salaries and put employees on furlough

Railways restores tatkal, 4-month advance booking

• Railway ministry said tatkal quota will be restored for 200 special and 30 Rajdhani-type trains. Tickets for these trains can be booked 120 days in advance
• The changes shall be implemented with effect from 08:00 hrs of train booking date of 31 May 2020 onwards

Vodafone Idea may attract Google investment

• Google contemplating buying 5% stake in Indian telecom operator
• An investment in Vodafone Idea by Google is likely to pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market

India's savers should brace for more pain in this round of rate cuts

• One sign of this is the falling interest rate on deposits of the country’s largest bank, State Bank of India (SBI). The unprecedented surplus liquidity, rush to safety of deposits and the policy rate cuts so far has meant that SBI has axed its deposit rates twice in just a month now.

1,600 points in 2 days: What triggered the Sensex rally?

• The Nifty today ended near 9500, the highest point on a closing basis of the May series
• Strong buying was seen for the second day in banking stocks

DGFT lifts restrictions on export of paracetamol API

On 3 March, DGFT had restricted export of paracetamol and about a dozen other APIs as well as their formulations amid concern over supply disruption of crucial raw materials amid the Covid-19 pandemic

SC orders free travel, food for migrant workers

• Originating state will be responsible to provide food and water at stations and the Railways will take care during the journey
• The top court also ordered making public complete information of these workers to all concerned authorities

Monsoon onset over Kerala likely to be on June 1: IMD

• The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual
• The IMD said last month India is likely to get average monsoon rains this year, raising expectations of higher farm output

Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms: Report

• Jio Platforms, which houses music and movie apps as well a Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.

FDI in India jumps 13% to record $49.98 billion in 2019-20

Singapore emerged as the largest source of FDI in India during the last fiscal with $14.67 billion investments, followed by Mauritius ($8.24 billion), the Netherlands ($6.5 billion), the US ($4.22 billion)

RBI stops 7.75% savings bonds: here are the alternatives

• When small savings rates were cut in April 2020—PPF for instance now gives 7.1% whereas Senior Citizens Savings Scheme (SCSS) gives 7.4%—the RBI bonds became the highest interest paying instrument.

TikTok owner ByteDance moves to shift power out of China: Report

• The strategy is aimed not only at TikTok, which is not available in China, but all of ByteDance's non-China focused businesses, the sources said
• Such businesses also include units in India like social networking app Helo

Karnataka sees biggest 7-day spike in cases among major states

Eight districts in Rajasthan are among the 15 places with the most new coronavirus cases in the last two days

Covid-19: Fitch says Indian banks' asset quality to worsen on lending pressure

• Public sector banks may be unable to fully adjust risk profiles, given the state’s influence and management instability
• Bad loans as a percentage of total loans will trend up due to both higher fresh slippages and lower loan growth

Hong Kong loses US 'special status' — what next?

The revocation of special status could radically rearrange the fortunes of a city that has served for decades as China's economic gateway to the world

How India fares against US in number of coronavirus cases, testing, death rate

• As per US' Centers for Disease Control latest data, total number of tests stands at over 15.7 million
• According to ICMR, India has conducted over 3.3 million tests

Pulwama-like terrorist attack averted in Kashmir

• The explosive was kept in a blue drum inside the car
• The explosive laden car was said to be placed at a strategic location to target a security forces convoy or a defence installation

Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms

• Microsoft may buy more than a 2.5% stake in Jio Platforms, which houses all of RIL’s digital and telecom initiatives
• Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market

IndiGo passenger on Bengaluru-Madurai flight, tests positive for coronavirus

• Domestic passenger flights resumed in India from Monday
• On Tuesday, IndiGo had said that a passenger who travelled on flight 6E 381 from Chennai to Coimbatore on Monday evening tested positive for the disease

India' answer to China' OBOR, One Sun One World One Grid

• The global grid plan may also leverage the International Solar Alliance co-founded by India that has 67 countries as members. It has become India’s calling card on climate change and is increasingly being viewed as a foreign policy tool

Moderna extends deal to source raw material for coronavirus vaccine

• Moderna plans to supply millions of doses per month in 2020 and tens of millions a month in 2021 if the vaccine proves successful

Kerala liquor shops, bars opened for delivery. How to book slots on 'Bev Q' app

• Over two lakh people downloaded and registered in BevQ, an Andriod application within hours after it went live on Google play store
• Bars are also allowed to sell the liquor as a parcel through the counters following the same system

RBI 7.75% bonds: Govt to close the scheme, today is your last chance to invest

• The minimum value of investment in RBI 7.75% bonds is ₹1,000 while there is no maximum limit
• Popularly known as RBI bonds or GOI bond is an attractive investment option, especially for senior citizens

Kerala's liqour app BevQ gets over 1 lakh downloads in hours, some users unhappy

• Since the app is still new, it is expected to go through a few updates and revisions to iron out the issues
• BevQ is a virtual queue application and token generator service provided by Kerala state beverages corporation

BJP's Sambit Patra hospitalised after Covid-19 symptoms

• He is admitted to the Medanta hospital in Gurgaon, hospital sources said on Thursday
• The BJP leader has shown symptoms of COVID-19, a source said.

Covid may never go away even with a vaccine : Report

• There are four endemic coronaviruses that are present, causing the common cold
• Experts believe that COVID-19 will become the fifth

Nokia to launch a new 43-inch smart TV in India: Pricing and other details here

• The exact price of the new TV will be revealed during the launch event
• The new Nokia TV is expected to get JBL Audio and Dolby Vision support

Rupee falls for the second day against the US dollar

• Rising US-China tension weighed on the local currency even as positive domestic equities and improving risk appetite supported the local unit.

The novel that predicted the coronavirus pandemic

Pulitzer Prize winner journalist Lawrence Wright’s new thriller is a prophetic account of a viral outbreak

Gurgaon COVID-19: Not wearing a face mask? Be ready to pay ₹500 fine

• Haryana government decided to impose a fine for not wearing a face mask or spitting in public
• At least 12 policemen tested positive for novel coronavirus in Haryana's Jhajjar

Apple iPhone SE review: Dependability over specs

• A size comparison with nearly any phone today will make the iPhone SE seem smaller, but that’s only because we’re used to big phones
• The hardware inside allows the company to enable software features like Smart HDR and portrait lighting, which enhances this SE’s camera as compared to the older one