Health workers during preparation work at CWG Village COVID centre near Akshardham, in New Delhi on Wednesday. (ANI Photo)
Health workers during preparation work at CWG Village COVID centre near Akshardham, in New Delhi on Wednesday. (ANI Photo)

Highest single-day spike of 24,879 Covid cases in India, recovery at 62%

  • The total confirmed cases of Covid-19 in India has reached 7,67,296. In the last 24 hours, 24,879 new cases have added to the total tally
  • The death toll has also increased to 21,129. A total of 487 deaths were reported in the past 24 hours

On 13 March, the government had approved a rescue plan for Yes Bank backed by SBI. (Photo: Bloomberg)
On 13 March, the government had approved a rescue plan for Yes Bank backed by SBI. (Photo: Bloomberg)

Yes Bank FPO to open on 15 July

  • India’s largest lender State Bank of India has said its board has approved an investment of up to 1,760 crore in the upcoming follow-on public offer of Yes Bank

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Photo: PTI
Photo: PTI
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Market LIVE: HDFC twins, RIL lift Sensex by 270 points, Nifty at 10,770

  • Most Asian markets rose Thursday following another record close on Wall Street
  • Big gains by large tech companies lifted the Nasdaq to another record close Wednesday, as investors continued to shrug off higher coronavirus cases and the hit to the economy

Maruti has popular models in the utility vehicles and premium compact car segment in Brezza and Baleno but competition is catching up. (Photo: Reuters)
Maruti has popular models in the utility vehicles and premium compact car segment in Brezza and Baleno but competition is catching up. (Photo: Reuters)

Volume-value conundrum deepens for Maruti

  • With utility vehicles now constituting sizeable portion of the automobile space and competition intensifying, analysts doubt if Maruti will be able to continue outperform the passenger vehicle industry

Larger companies such as Amazon and Flipkart requested a timeline of three months to execute the proposal (Ramesh Pathania/Mint)
Larger companies such as Amazon and Flipkart requested a timeline of three months to execute the proposal (Ramesh Pathania/Mint)

Government wants place of origin tag by  1  Aug, but online retailers wary

  • Companies such as Amazon and Flipkart requested a timeline of three months to execute the proposal
  • DPIIT officials made it clear that the government is looking to have ‘country of origin’ available for new listings on e-commerce platforms by 1 August

Some 300 cases have been reported at Bajaj Auto’s factory in Aurangabad (Mint)
Some 300 cases have been reported at Bajaj Auto’s factory in Aurangabad (Mint)

Production hubs in coronavirus snare, industry wary

  • Authorities in Aurangabad plan to impose a strict lockdown after a sharp increase in coronavirus cases and deaths over the past few weeks
  • Aurangabad currently has nearly 7,000 cases and 300 deaths

The scheme proposes to generally maintain a portfolio duration of 2 to 5 years with use of G-sec to shift duration. (iStock)
The scheme proposes to generally maintain a portfolio duration of 2 to 5 years with use of G-sec to shift duration. (iStock)

Mirae Asset launches Banking & PSU Debt Fund

  • The scheme will allow investors to invest a minimum of 5,000 and in multiples of Re 1 thereafter
  • Mirae Asset Banking & PSU Fund will be benchmarked against NIFTY Banking and PSU Debt Index

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Gold rates today: On MCX, prices were down at  ₹49,134 per 10 gram
Picture for representation.
AirAsia Bhd. aircraft stand on the tarmac at Kuala Lumpur International Airport 2. (Bloomberg)
AirAsia Bhd. aircraft stand on the tarmac at Kuala Lumpur International Airport 2. (Bloomberg)

AirAsia in talks to secure funding of over $230 million

  • The airline has begun to cut jobs and salaries to save costs, and is working on extensions with lessors, it said
  • AirAsia said it was considering various fundraising options, including debt and equity, and looking to at least halve cash expenses this year

Photo: Mint
The solar project is planned to be set up in blocks of 2.5GW each, and will supply power to the residents of Leh and Kargil districts.
Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

TCS Q1 earnings: Here's what to expect from IT major

  • In rupee terms, a consensus of analysts on Bloomberg expects TCS to report revenue 38,910.5 crore down 2.6% from Q4
  • By and large, the street will be looking for commentary on whether Q1 will be the worst hit or the impact will carry on to the next few quarters

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. (REUTERS)
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. (REUTERS)

Warren Buffett dropping down world’s richest ranks as tech titans surge

Warren Buffett’s $2.9 billion gift this week means he has now given away Berkshire Hathaway Inc. shares valued at more than $37 billion since 2006

Some of the 89 apps are among those which the Centre has already banned. (AP)
Commuters wearing face masks to protect against the spread of the new coronavirus walk through a subway station in Beijing, Thursday, July 9, 2020. (AP Photo/Mark Schiefelbein) (AP)
Commuters wearing face masks to protect against the spread of the new coronavirus walk through a subway station in Beijing, Thursday, July 9, 2020. (AP Photo/Mark Schiefelbein) (AP)

China's new strategy to tame second-wave virus outbreaks

  • China's economy was hit hard by the lockdowns brought in to curb the initial spread of the virus
  • After the virus first began to spread from Wuhan, China imposed a strict lockdown of the city and surrounding Hubei province in January

The situation will worsen post August when RBI’s moratorium on repayments ends. (Reuters)
The situation will worsen post August when RBI’s moratorium on repayments ends. (Reuters)

Distressed deals in hospitality biz on the rise

  • Industry officials say the situation will likely worsen post 31 August when the RBI’s six-month loan moratorium on interest and principal repayment ends
  • Consultants believe loan defaults in the sector post August could rise as high as 50% of the total outstanding loans extended to the sector

It was the second day in a row that U.S. deaths climbed by more than 900 in a day, the highest levels seen since early June, according to the tally. (AP)
It was the second day in a row that U.S. deaths climbed by more than 900 in a day, the highest levels seen since early June, according to the tally. (AP)

US reports more than 60,000 Covid-19 cases in last 24 hours

  • US reported more than 60,000 new COVID-19 cases on Wednesday, the biggest increase ever reported by a country in a single day
  • The previous US record for new cases in a day was 56,818 last Friday

A health worker sprays disinfectant on railways coaches modified into isolation wards to take care of COVID-19 cases, at Shakurbasti in New Delhi. (PTI)
A health worker sprays disinfectant on railways coaches modified into isolation wards to take care of COVID-19 cases, at Shakurbasti in New Delhi. (PTI)

Private entry in railways to increase employment: Railway Board chairman

  • The move by the Railways to privatise 151 trains on 109 routes has been criticised by opposition parties
  • Railway Board Chairperson VK Yadav said the decision was taken after keeping in mind the gap between the demand and supply of tickets

Many institutes have either halted or left the placement process incomplete because of the lockdown. Most tier II and tier III B-schools are struggling to place their students, say experts (Photo: Hindustan Times)
Many institutes have either halted or left the placement process incomplete because of the lockdown. Most tier II and tier III B-schools are struggling to place their students, say experts (Photo: Hindustan Times)

B-schools face a moment of reckoning

  • In an edgy job environment, the lure of an MBA degree has diminished for many. How will it regain relevance?
  • Online delivery of content is a new beast and professors are ill-prepared. Schools need to quickly refresh what they teach as well as create new content

The passport services were suspended in the wake of the COVID-19 outbreak. (Mint)
From the beginning of the year, CG Power lost 5% and Yes Bank has lost 44% against a fall of 12% in the Sensex (MINT_PRINT)
US Immigration and Customs Enforcement agency issued new rules for foreign students on Monday (Photo: Bloomberg)
ICICI Bank had last raised Rs. 8,750 crore via fresh issuance of shares in June 2007. (Reuters)
A file photo of US Secretary of State Michael Pompeo.  (AFP)
In Geneva, after over 200 scientists wrote an open letter to WHO, the UN health agency said the virus might spread through the air, especially in poorly ventilated settings (Photo: Reuters)
A home loan is among the cheapest loans available. (Photo: iStock) (iStock)
A home loan is among the cheapest loans available. (Photo: iStock) (iStock)

Check if a home loan switch works for you

  • Do a cost-benefit analysis by taking into account the costs and the difference in total interest outgo before switching your home loan to another lender
  • The switching process can be long-drawn as lenders are currently taking time to process documents

Photo: iStock
A man carries alcohol after buying from a wine shop (Photo: ANI)
A health worker takes a swab test of a woman during a free medical checkup in Dharavi (AP)
Pompeo is known for his hawkish views on China. Photo: AFP
Aloke Bajpai, chief executive officer and co-founder, ixigo. Photo: Ramesh Pathania/Mint
Kerala chief minister PInarayi Vijayan.  (File photo: Ramesh Pathania/Mint)
Doctors and nurses work at a COVID-19 isolation center  (AP)
Doctors and nurses work at a COVID-19 isolation center (AP)

8 NCR districts make up over one-third of active coronavirus cases in UP

  • One-third of UP COVID-19 positive cases have been accounted by eight districts of western part of the state adjoining Delhi-NCR
  • With Ghaziabad recording maximum number of 1,477 cases, state tally has crossed 30,000 mark along with 845 casualties

FILE PHOTO -- People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo  (Reuters)
Photo: Bloomberg
Hindu devotees stand in a queue maintaining social distance outside a temple to offer prayers to Lord Shiva at a closed temple in Patna  (ANI)
Hindu devotees stand in a queue maintaining social distance outside a temple to offer prayers to Lord Shiva at a closed temple in Patna (ANI)

Complete lockdown in Patna from July 10-16 as Covid-19 cases surge

  • The decision comes on a day Bihar reported its highest single-day spike of 749 COVID-19 cases, of which Patna alone accounted for 235
  • Except for the essential services, markets, offices and other commercial activities will be prohibited during the lockdown period in the state capital

IRB Infrastructure Developers (Mint)
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