Photo: Hemant Mishra/Mint
Photo: Hemant Mishra/Mint
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Market LIVE: Sensex climbs 500 points, Nifty reclaims 11,200; PSU banks rally

  • Equity benchmark Sensex jumped over 300 points in early trade on Monday, tracking gains in index majors ICICI Bank, HDFC Bank and Reliance Industries amid positive trend in global markets

Reuters
Tata Sons chairman N. Chandrasekaran is leading the fundraising talks.  (Mint)
Tata Sons chairman N. Chandrasekaran is leading the fundraising talks. (Mint)

Tata taps wealth funds to buy out Shapoorji stake

  • The Mistry family’s stake, held through two investment firms, is estimated to be 1.5 trillion, according to the valuations submitted to the Supreme Court
  • N. Chandrasekaran, chairman of Tata Sons, is leading the talks with potential investors

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(FILES) This file photo illustration taken shows the logo of the social network application TikTok (L) and a US flag (R) (AFP)
REUTERS
File photo: Brad Parscale, then-campaign manager for President Donald Trump, speaks during a campaign rally at the Target Center in Minneapolis. (AP)
File photo: Brad Parscale, then-campaign manager for President Donald Trump, speaks during a campaign rally at the Target Center in Minneapolis. (AP)

Donald Trump's ex-campaign manager hospitalized after he threatened to harm self

  • Brad Parscale was demoted from the campaign manager's post in July but remained part of the campaign, helping run its digital operation
  • Police officers talked Parscale out of his Fort Lauderdale home after his wife called police to say that he had multiple firearms and was threatening to hurt himself

(From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon
(From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon

The reality behind Reliance’s retail rush

  • Flush with funds, Reliance Retail has trained its sights on the Flipkart-Amazon duopoly. How will it fare?
  • Reliance will find it tough to break the dominance of Amazon and Flipkart, similar to how Walmart is struggling to challenge Amazon in digital sales in the US even as its stores continue to prosper

Photo: Mint

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File Photo: The WhatsApp app logo is seen on a smartphone (REUTERS)
The pre-feasibility study, which focuses on technical, economic and route feasibility, is expected to be completed in two phases of six months each.
The pre-feasibility study, which focuses on technical, economic and route feasibility, is expected to be completed in two phases of six months each.

Matter of 10 minutes! From Bengaluru airport to city centre

  • With speeds of up to 1,080 kmph, hyperloop could transport thousands of passengers per hour from Bengaluru Airport to the city center in under 10 minutes
  • Bengaluru airport is the busiest airport in South India and also the third largest in the country

Raghavlu, 41, came to the UAE in 2006 and was injured in a road accident while travelling in his company vehicle.
New Delhi: Traffic policemen stop a motorist driving in the wrong lane. (PTI)
Gold rate today: On MCX, prices fell to  ₹49,460 per 10 gram
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo (REUTERS)
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo (REUTERS)
wsj

Amazon’s Alexa boss on what users are asking during Covid-19

Toni Reid, the woman behind the Echo, explains Amazon’s tough culture, how women in tech can advance and working from home

Chemcon Speciality Chemicals shares are likely to get listed on October 1
The IPO of CAMS had closed on September 23
UTI Mutual Fund manages 153 mutual fund schemes
Paddy procurement begins at a 'mandi' in Amritsar on Sunday as State Government ordered to start procurement.  (ANI)
Authorities claimed Bissi had only studied till class 7. (HT)
Authorities claimed Bissi had only studied till class 7. (HT)

Odisha man arrested for making fake covid-19 vaccine

  • A case was filed against Prahallad Bisi, a class 7 dropout, after the officials of the Drug Control Administration and police raided his house in Rushuda village
  • Twelve bottles of the fake injections, labels and syringes were seized in the raid, they added.

The government’s efforts to educate the masses about covid-19 has boosted sales, say industry experts.reuters
Cairn Energy began similar arbitration proceedings against India in 2015 under the UK-India bilateral investment treaty. (HT)
Cairn Energy began similar arbitration proceedings against India in 2015 under the UK-India bilateral investment treaty. (HT)

Vodafone  ruling may set precedent  for other cases

  • Cairn Energy had done an internal share transfer and reorganization in 2006. India in 2014 applied the new retrospective tax to this transaction and barred Cairn Energy from selling its 10% stake in Cairn India
  • The setback may prompt the Indian govt to renegotiate certain investment treaties

Healthcare staffers work in a lab on coronavirus testing kits at the Clinica CEMTRO in Madrid, Spain. (AP)
Healthcare staffers work in a lab on coronavirus testing kits at the Clinica CEMTRO in Madrid, Spain. (AP)

How coronavirus has spread across the world

  • The Sars-CoV-2 virus which causes the illness known as Covid-19 first spread rapidly in China, particularly in the province of Wuhan
  • India has been the worst hit, recording more than 90,000 deaths so far

Cyber criminals are approaching customers via WhatsApp calls and messages, SBI has informed bank customers. (Mint)
Cyber criminals are approaching customers via WhatsApp calls and messages, SBI has informed bank customers. (Mint)

SBI warns account holders of fake WhatsApp calls and messages

  • SBI, in a tweet, stated, 'Customers are now being targeted on WhatsApp. Don't let cyber criminals fool you! Please be aware and stay vigilant'
  • From time-to-time, State Bank of India (SBI) keeps sharing safety tips with its customers.

The bank is in desperate need of capital and is in talks with the Clix Group for a merger. (HT)
The bank is in desperate need of capital and is in talks with the Clix Group for a merger. (HT)

Three-member panel to run Lakshmi Vilas Bank

  • The panel will exercise the discretionary powers of the chief executive and will be headed by existing independent director Meeta Makhan, the bank said in a statement
  • The other two members of the panel are Shakti Sinha and Satish Kumar Kalra, who are also independent directors on the bank’s board

Representative photo: Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months (AFP)
Representative photo: Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months (AFP)

Australian firm says its nasal spray reduced coronavirus growth in animal study

  • Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months, subject to successful toxicity studies and regulatory approval
  • A study on ferrets showed the product dubbed INNA-051, which could be used complementary to vaccines, lowered the levels of the virus

India’s economy contracted 23.9% in the June quarter as a result of a double whammy of demand contraction and supply shock following the countrywide lockdown. HT
Photo: Mint
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House (REUTERS)
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House (REUTERS)

Trump frequently paid no federal income taxes in years leading up to presidency

  • Donald Trump's consistent refusal to release his taxes has been a departure from standard practice for presidential candidates
  • The disclosure of previously private tax information came little more than a month before the Nov. 3 election between Trump and Democrat Joe Biden

Software services firms have seen demand for cloud computing and cybersecurity services rise after the pandemic.mint
Software services firms have seen demand for cloud computing and cybersecurity services rise after the pandemic.mint

India Inc eyes overseas M&A transactions

  • Firms with strong balance sheets chase acquisitions abroad
  • Except for 2018, when firms acquired assets abroad worth $12.9 billion, outbound M&As have slid into the slow lane, shows Refinitiv data

The company has over 60 experience centres called Pepperfry Studios across cities. (Mint)
The company has over 60 experience centres called Pepperfry Studios across cities. (Mint)

Pepperfry nears break-even, aims for IPO in 12-18 months

  • The Mumbai-based Pepperfry’s IPO plans come at a time when discretionary spends across sectors, including furniture retail, have been affected by the coronavirus lockdown and economic distress
  • The company has more than 60 experience centres called Pepperfry Studios across cities

SAD leaders led by Sukhbir Singh Badal extended support to all initiatives, agitation or lockdowns announced by farmers. PTI
U.S. President Donald Trump speaks during a campaign event in Middletown, Pennsylvania, U.S.,  (REUTERS)
U.S. President Donald Trump speaks during a campaign event in Middletown, Pennsylvania, U.S., (REUTERS)

Trump income tax allegations add fuel to pivotal first debate

Trump is readying for a key moment in the campaign when he comes face to face with his Democratic opponent Joe Biden for the first time at a live debate on Tuesday

Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak line up with luggages at the Beijing Daxing International Airport. (REUTERS)
Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak line up with luggages at the Beijing Daxing International Airport. (REUTERS)

Global coronavirus death toll cross one million mark: Report

  • The pandemic has ravaged the global economy, inflamed geopolitical tensions and upended lives globally
  • The United States has the highest death toll with more than 200,000 fatalities followed by Brazil, India, Mexico and Britain

A worker changes a roll of material to make N95 masks  (Bloomberg)
A worker changes a roll of material to make N95 masks (Bloomberg)

Researchers combine heat and humidity to disinfect N95 masks for reuse

  • The samples were heated at temperatures ranging from 25 to 95 degrees Celsius for up to 30 minutes with relative humidity up to 100%
  • Higher humidity and heat substantially reduced the amount of virus the team could detect on the mask, although they had to be careful not to go too hot

Doctors check patients at CWG village COVID-19 Care Centre, near Akshardham in New Delhi. (PTI)
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