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

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

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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)
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

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

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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

CBDT, SEBI agree to share data (Photo: Reuters) (Reuters)
CBDT, SEBI agree to share data (Photo: Reuters) (Reuters)

CBDT, SEBI agree to share data

The Central Board of Direct Taxes (CBDT) and Securities and Exchange Board of India (SEBI) will exchange information on a regular basis under a deal signed by senior officials, expected to aid investigations by both the tax and capital market regulators into transactions

Kulbhushan Jadhav, 47, was sentenced to death by the military court in April last year
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint

How much tax do you pay on your investment?

The Budget 2020 has not made too many changes to taxes, except the abolition of DDT. Here is a look at the various taxes that apply to some of these instruments under categories

Photo: iStock
On 13 March, the government had approved a rescue plan for Yes Bank backed by SBI (Photo: Mint)
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)
Prime Minister Narendra Modi. (PTI)
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)
FILE - In this March 12, 2020, file photo, specialist Meric Greenbaum, center, works with traders on the floor of the New York Stock Exchange. U.S. stocks are dipping modestly in early trading Tuesday, July 7, 2020, as expanding coronavirus outbreaks dim hopes for a speedy recovery. (AP Photo/Richard Drew, File) (AP)
FILE - In this March 12, 2020, file photo, specialist Meric Greenbaum, center, works with traders on the floor of the New York Stock Exchange. U.S. stocks are dipping modestly in early trading Tuesday, July 7, 2020, as expanding coronavirus outbreaks dim hopes for a speedy recovery. (AP Photo/Richard Drew, File) (AP)

MCX to begin mock trading for bullion, base metals futures from Thursday

  • Mock trading sessions will be held on all weekdays by MCX for trading in base metals

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)
Nirav Modi  (HT)
Multi cap mutual funds saw net outflows worth  ₹778 crore, large cap funds saw net outflows to the tune of  ₹213 crore and value funds saw negative inflows of  ₹136 crore in June
Multi cap mutual funds saw net outflows worth 778 crore, large cap funds saw net outflows to the tune of 213 crore and value funds saw negative inflows of 136 crore in June

Equity fund inflows lowest since April 2016, SIPs see marginal dip

  • Equity mutual funds saw net inflows of 5,257 crore in May 2020
  • Total inflows in equity funds stood at 13,760 crore and total redemptions were 13,520 crore

The telco said it had paid excess tax of  ₹9.23 billion on inputs based on estimates since the GSTR-2A form was not operational during the error period. (MINT_PRINT)
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