Bidding goodbye to  Mistrys can cut both ways for the Tata Group

• Parting ways may be a catalyst for Tata Group, which has lagged in generating decent returns
• Dependence on TCS will reduce and can result in more discipline in other operating companies

Union Minister of State for Railways Suresh Angadi dies of Covid-19

• On 11 September, the 65-year-old minister had confirmed that he tested positive for Covid-19 and said that he was doing fine and taking the advice of doctors
• Angadi is the first Union minister from Narendra Modi's Cabinet and the second parliament member to have succumbed to Covid-19 from Karnataka

Covid-19: Reassess lockdowns of one or two days to contain virus, suggests PM

• In a virtual meet, Modi also told the CMs of seven states to press on with full strength in opening economic activities while fighting the virus
• We should enhance focus on effective testing, tracing, treatment, surveillance and clear messaging, PM said during the meeting

Mumbai-Ahmedabad bullet train: Govt invites tender for high-speed rail project

• Three bidders involving 7 major infrastructural firms have participated in the bidding
• The NHSRCL has said that this project will generate up to 90,000 jobs directly and indirectly

Tata Sons picks up Tata Chemicals, Tata Motors DVR shares in block deals

Tata Sons Pvt Ltd, promoter of Tata Chemicals bought 2.21 million shares or 0.87% for ₹64 crore in an open market transaction on Wednesday

Weak demand shifts auto launches to ’21

• Auto firms are worried that weak consumer sentiment will impact vehicle demand
• While launches of PVs have been deferred by six months, those of two-wheelers have been put off by at least a quarter

GMM Pfaudler’s share sale has important lessons for investors

GMM’s high valuations and the 33% discount in the OFS issue are not the only things that stand out in this story. Securities lending and borrowing data shows large borrowings occurred in the stock over the past one week

Tech Mahindra sells stake in Altiostar to Rakuten for nearly ₹331 crore

Tech Mahindra has also inked an agreement with Rakuten Mobile, under which the Indian tech firm will be a preferred partner and provide technologies as well as software capabilities to support the development and deployment of mobile networks for global customers of Rakuten Communications Platform

HDFC Bank Credit card EMI or loan restructuring: Eligibility, how to apply

• Those who have opted for credit card loans or EMIs will also be eligible to apply for one-time loan restructuring option, the bank said
• Even if the customer has not applied for moratorium, he or she will be eligible for loan restructuring option

PM Modi, 82-year-old Shaheen Bagh's Bilkis on TIME's 'Most Influential' list

• PM Modi is listed in the 'Leaders' category and Bilkis has been featured under 'Icons' in the list
• The others Indians featured on the magazine's list include Google CEO Sundar Pichai and clinical microbiology professor Ravindra Gupta who found a cure for AIDS

Sebi restrains 12 DHFL promoters from accessing securities for violating norms

• The promoters have been restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi
• Sebi said the violations are very grave in nature and the amount involved in the fraudulent transactions is of a very high magnitude

Covid-19 vaccine: Johnson & Johnson starts massive global phase 3 clinical trial

• Johnson & Johnson's global trials of its single-dose Covid-19 vaccine will enrol up to 60,000 volunteers
• The dosing up marks the first big US trial of an inoculation that may work after just one shot

BSE to launch auto cancellation feature to prevent trade reversals

BSE to launch auto cancellation feature to prevent trade reversals in exclusive stocks

Deepika Padukone, Sara Ali Khan, Shraddha Kapoor summoned by NCB in drug probe

• Actress Deepika Padukone's name has reportedly emerged in various drug-related chats
• The NCB on Tuesday had summoned Karishma Prakash, the manager of Deepika Padukone

Chemcon Chemicals, CAMS IPOs get bumper investor response, hugely oversubscribed

• Both the IPOs had opened for subscription on Monday
• Link Intime India Pvt Ltd is the registrar of the both the IPOs.

SC directs no coercive action to be taken against Facebook VP till 15 Oct

• SC gives one week time to Facebook India head to file counter affidavit
• The top court issues notice to Delhi Assembly, Centre on plea by Facebook VP on summons asking him to depose on Delhi riots

Delhi deputy CM Manish Sisodia hospitalised due to covid-19

The 48-year-old Aam Aadmi Party leader has been admitted to the state-run LNJP Hospital

Saudi Arabia suspends flights to and from India due to rising covid-19 cases

• The GACA note says that a person who has been in India in the last 14 days prior to arrival in Saudi Arabia will not be allowed
• The note, however, doesn't state a time frame for the suspension

Why are gold prices falling? Now, down ₹6,000 from record highs

• Gold prices in India today fell below ₹50,000 per 10 gram
• Analysts attribute the recent fall in gold prices to a resurgent dollar and uncertainty over US stimulus package

The missing middle aggravates India’s jobs conundrum

Any country sees genuine progress when it creates jobs. This happens as small and mid-sized firms grow, and create jobs alongside. India, over the years, has faced the problem of the missing middle. There aren’t enough mid-sized firms operating in the country. Mint explores.

Motorola launches Moto E7 Plus with price under ₹10,000: Details here

• The new Motorola E7 Plus comes with a 6.5-inch display with an HD+ resolution
• The device gets an octa-core Qualcomm Snapdragon 460 chipset with a clocked speed of up to 1.8GHz

Apple online store in India gives exchange offers, student discounts, and more

• With direct customer support, you can get advice, receive guidance, and learn about new products directly from Apple, both in English and Hindi
• The online store of Apple will also allow trade-in options for its iPhone models. This essentially means that customers can now exchange any smartphone or credit towards a new iPhone available on the site

Anand Mahindra and KTR’s fun banter over Hyderabad best city to live. Don’t miss

• Chairman of Mahindra Group took to Twitter to praise the IT Minister of Hyderabad, KT Rama Rao
• In reply to Anand Mahindra's tweet, KTR said that Hyderabad's 90% water issues have already been addressed

Honda Cars introduces virtual showrooms to help explore vehicles

The virtual showrooms can be accessed through both computers and smartphones via browsers

Airline ticket cancellation during COVID-19: Full refund or credit shell?

• Vistara and AirAsia opposed the levy of interest stating that many of their customers prefer credit shell
• GoAir pleaded with the apex court that many airlines were on the brink of collapse and might shut down if If the situation doesn't improve

India successfully test fires laser-guided anti-tank missile amid China tension

The weapon, having a range of up to four km, was test fired from an MBT Arjun Tank at KK Ranges in Armoured Corps Centre and School (ACC&S) in Ahmednagar on Tuesday

Toyota launches SUV Urban Cruiser in India: Check price, features, variants

• In terms of variants, Toyota will be providing a total of six options
• The base variant starts with Mid-Grade and goes up to Premium Grade AT

3,000 IT professionals who returned home get jobs under special scheme in Bengal

• West Bengal government launched 'Karmo Bhumi' initiative as a skill registration platform for those who have returned to West Bengal from other states amid COVID-19
• Over 37,000 people have registered in the job portal since its launch on June 8

Sebi's reform list to de-stress debt MFs welcome, but raises doubt

• Sebi's proposed initiatives, especially the setting up of a special purpose clearing corporation for repo in corporate bonds and the setting up of a backstop facility will boost liquidity and deepen corporate bond markets in India, said G Pradeepkumar, CEO, Union AMC

Indian expat to travel home after 20 yrs, gets $204,195 waiver in overstay fines

Mathiazhaagan, who hails from Tamil Nadu, sought help from two social workers in the UAE to return home during the COVID-19 pandemic. The only documents he possessed was his employment visa entry permit and a copy of the last page of his passport

Tax on LRS remittance is not an additional cost. Here's all you want to know

• The 5% tax is deducted only on the remittance amount above 7 lakh
• TCS on LRS remittance will come into effect on October 1

Reliance’s sketchy record of delivering returns to partners

Reliance has raised big capital from 13 entities. It now has to deliver returns to them, something it hasn’t done too well for partners in the past.

No correlation between VRS and Sushant Singh Rajput case: Ex Bihar top cop

Gupteshwar Pandey quit as DGP after his request for voluntary retirement was approved on Tuesday by the Bihar government

Airline ticket refund case: Centre suggests 0.5% interest per month

• Vistara and AirAsia have opposed the government’s suggestion of paying an interest, saying most of their customers preferred credit shell. IndiGo said it has made full refund of tickets booked for its flights during the lockdown

FDA's new authorization rules could push Covid vaccine approval beyond 3 Nov

• Few vaccine developers were expected to have definitive trial results before the US presidential election
• The trials are designed for people to receive their second shot either 3 or 4 weeks after the first

Flush with capital, Jio turns up the heat on Airtel and Vodafone Idea

Jio’s ₹399 base plan is priced 20% cheaper than Airtel’s plan and offers higher data compared to Vodafone-Idea

Mumbai rains: Authorities shut transport, offices after heavy rains flood city

Authorities in Mumbai have asked offices to close wherever possible and suspended rail services after India’s financial hub saw its wettest September day in three years.