Patanjali to hit bond markets, to issue NCDs

• Patanjali on Thursday will start accepting bids for its debt papers that will be maturing in 3 years
• A media report says the debt papers, rated AA- by Brickwork, carries a semi-annualized coupon of 10.1%

Falling promoter equity may throw a spanner in loan recast of companies

• Fitch Ratings says where banks have to take both the capital and credit risk, they will not be as motivated to lend compared to guaranteed loans where both risks are transferred to the guarantor
• Analysts believe that the ability of the Indian financial system has been curtailed

Donald Trump offers to mediate India-China border issue

• Tensions are running high between the US and China too with differences over trade overshadowed by public spats over the covid-19 pandemic
• The Indian foreign ministry was yet to react to the offer but in the past, India has resisted offers from Trump to mediate between India and Pakistan

SBI to automatically extend moratorium by another three months

• The bank said in a statement on Wednesday that it has also reached out to all of its eligible loan customers to obtain their consent to stop their standing instructions for the EMIs
• Rajnish Kumar, chairman, SBI said on 22 May that about 20% of its borrowers have availed of the moratorium

Mukesh Ambani's Jio listing can profit from US-China tech war

U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate

Fresh twist to Delhi discoms sale, NTPC throws its hat in the ring

• NTPC Ltd has evinced interest to acquire Reliance Infrastructure Ltd’s Delhi electricity distribution businesses
• Anil Dhirubhai Ambani Group, which owns Reliance Infrastructure, is trying to sell assets to cut its debt

With record 817 fresh cases, Tamil Nadu's Covid-19 count crosses 18,000-mark

• The death toll in the state increased to 133 after six more fatalities were reported since Tuesday
• Of the new cases reported, 138 patients were returnees from Maharashtra followed by one from Telangana and other states who were tested positive in the state

Sensex roars back with about 1,000-point gain. Key triggers for today's rally

• Banking and IT stocks led today's rally in Indian markets
• The Nifty reclaimed 9,300

DoT's covid-19 relief for mobile firms with more time for rollout obligations

• It applies to firms whose due date for submissions, saying they have met the obligation, falls between 25 Mar and 30 Sep
• Mobile operators must roll out their network with a minimum capacity within a timeframe after receiving spectrum

SBI cuts FD rates for second time in a month. Latest rates here

• State Bank of India has slashed interest rates on fixed deposits
• This is the second rate cut in a month

China says situation "stable and controllable" at India border

• Several areas along the LAC in Ladakh and North Sikkim have witnessed major military build-up by both the Indian and Chinese armies recently, in a clear signal of escalating tension and hardening of respective positions by the two sides

Coronavirus: European Union unveils unprecedented 750 billion euro recovery plan

• If passed, the proposal would be the biggest EU stimulus package in history and could see Europe-wide taxes on plastics, carbon emissions and big tech — a major power boost for Brussels
• If member states accept the deal as drafted, Italy would receive €81.8 billion in direct aid over the next three years, and €77.3 billion would go to Spain

Baba Ramdev's Patanjali plans 1st bond sale as costs suck cash

• The non-convertible debentures will carry a coupon rate of 10.10% with a tenure of three years
• The bidding would start tomorrow and the maturity date is May 28, 2023

After IIT-JEE, CBSE allows students to give board exams in home districts

• The move will help families who have migrated from cities to their homes and students who were earlier staying in school hostels and have now shifted their base as schools are closed
• Students will need to inform their school and CBSE about their choice of districts

Coronavirus cases in India cross 1.5 lakh, death toll at 4,337. State-wise tally

• The number of COVID-19 fatalities in India increased to 4,337 today
• At present, there are 83,004 active coronavirus patients in India

Samsung launches new Galaxy A51 variant with 8GB RAM: Price and other details

• The Galaxy A51 is powered by a 10nm Exynos 9611 chipset that comes with AI powered Game Booster
• The phone comes with a battery that the company claims lasts for up to 19 hours

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

• Things are going to be much harder for the household sector compared with the corporate sector, according to JP Morgan's research
• India is going to be going through a very difficult first half of the year, Bruce Kasman, chief economist at JP Morgan said

Savings account interest rates falling? You can consider sweep-in FDs

• Interest rates on savings accounts, as well as fixed deposits, have been falling as RBI has been cutting policy rates.
• A sweep-in FD is a fixed deposit that is linked to your savings account.

Mint Covid Tracker: India takes eight days to jump from 100,000 cases to 150,000

Bihar continued to see the highest growth rate in infections in the past seven days, with the case tally more than doubling in the period

Coronavirus recovery rate in India rises to over 42%, nearly 65,000 cured

• Punjab showed one of the best recovery rates in India, over 90% people were cured from the disease
• India registered one of the lowest COVID-19 fatality rates in the world, the health ministry said

LIC pension scheme for senior citizens vs SBI special FD: Which one to buy?

• LIC has started selling the modified Pradhan Mantri Vaya Vandana Yojana (PMVVY) on Tuesday
• Amid falling interest rates, what will be the better investment options for senior citizens — PMVVY scheme or SBI Wecare FD?

Reliance Jio offers up to 15,000 GB data under benefits for new JioFiber plans

• The Titanium Plan offers up to 15000GB of total data with the annual subscription
• The offers may be revoked once the lockdown starts easing

RIL's mega rights issue rings in new trading platform in India

• RIL's mega rights issue is attracting new investors after it raked in $10 billion of investments into digital services unit Jio by selling stakes to companies including Facebook Inc

IndiGo to help man who sold his goats to buy flight tickets

• In Mumbai, a migrant labourer family sold three goats to buy air tickets but the flight got cancelled
• IndiGo said it has now booked tickets for the workers at no extra charge

In times of covid-19, Indian diplomacy goes for jugaad

• India’s newly appointed Permanent Representative to the UN, TS Tirumurthy reached New York by an Air India flight that was to bring back Indians wishing to come back home from the US

Coronavirus tests: ICMR removes price cap of ₹4,500

• There are 428 government and 182 private labs for COVID-19 testing across all states and UTs in the country
• The earlier upper ceiling of ₹4500 is not applicable now

Gold prices today fall for third day in a row, silver drops

• Despite the recent fall in gold prices, many analysts remain positive on gold
• It is seen as a safe-haven asset during political and economic uncertainties

Redmi Earbuds S to go on first sale today: Price, offers, other details

• Redmi Earbuds S to go on first sale today: Price, offers, other details
• The Earbuds S will be available via Xiaomi’s official website, Mi Home stores, Mi Studio outlets and Amazon

Karnataka to open temples, mosques and churches from 1st June: CM Yediyurappa

We are going to open temples, mosques and churches in the state after May 31st, says Karnataka CM BS Yediyurappa

Titan’s covid-19 update reinforces recovery would be slow

• So far, the company has reopened around 43% of its stores across businesses. Titan said sales in stores that have restarted are at around 50% of business in normal times

Lockdown blues: Beer sales fizzle out in Bengaluru’s microbreweries

• The decision to allow off-premise sales may help in mitigating losses, but breweries in Bengaluru are unsure of what the future holds if authorities only allow sale of existing stock

Why India’s ‘migrants’ walked back home

More than a story of the Great Indian Dream, the story of short-term migrants is one of desperation. Without the social capital of well-established long-term migrants, they found it hard to stay put in India's big cities