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US President Donald Trump. Photo: Reuters
US President Donald Trump. Photo: Reuters

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

Customers wait in line at a State Bank of India (SBI) branch in Mumbai. (Bloomberg)
Customers wait in line at a State Bank of India (SBI) branch in Mumbai. (Bloomberg)

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

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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, (REUTERS)
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, (REUTERS)

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

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File photo of an NTPC plant in Gujarat. (Mint)
Health worker conducts thermal screening on an elderly woman at slums, in Chennai on Tuesday. (ANI Photo)
Health worker conducts thermal screening on an elderly woman at slums, in Chennai on Tuesday. (ANI Photo)

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 surged nearly 1,000 points to 31,605
Photo: Mint
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SBI new fixed deposit (FD) rates are effective today (27 May).
File photo. India and China are separated by the Line of Actual Control in the Ladakh region of Jammu and Kashmir. Photo: PTI
File photo. India and China are separated by the Line of Actual Control in the Ladakh region of Jammu and Kashmir. Photo: PTI

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

The virus has killed over 173,000 people in Europe and put its economy in a deep freeze, with businesses only slowly reopening and tight controls on borders still stifling travel and trade (Photo: Reuters)
The virus has killed over 173,000 people in Europe and put its economy in a deep freeze, with businesses only slowly reopening and tight controls on borders still stifling travel and trade (Photo: Reuters)

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

The interest payable is higher than the 6.85% on AA rated debt with similar maturity. (Photo: Mint)
The interest payable is higher than the 6.85% on AA rated debt with similar maturity. (Photo: Mint)

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

Photo: PTI
Delhi, the national capital of India, saw an explosion of COVID-19 cases on Tuesday (PTI)
Galaxy A51 is available in Blue, White and Black Prism Crush colours
JP Morgan warns that central banks cannot defend against the coming disinflationary wave. (Reuters)
JP Morgan warns that central banks cannot defend against the coming disinflationary wave. (Reuters)

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

Money With Monika Season 4.
SBI had cut the rate on all its savings accounts to 2.75% in April 2020. Photo: iStock
Migrants undergo thermal screening after arriving from various parts of Odisha to board a special train to their native place in Bihar (PTI)
Maharashtra became the worst-affected state in Coronavirus pandemic (PTI)
Only resident senior citizens aged sixty years and above are eligible for SBI special FD scheme (AP)
The new benefits are applicable on annual subscriptions
Reliance’s rights issue to its 2.3 million shareholders offers one share for every 15 held in the company at  ₹1,257 apiece
Reliance’s rights issue to its 2.3 million shareholders offers one share for every 15 held in the company at 1,257 apiece

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 airlines staff get a briefing at the Indira Gandhi International airport in Delhi after the government eased a nationwide lockdown imposed as a preventive measure against the COVID-19 coronavirus. (AFP)
Indigo airlines staff get a briefing at the Indira Gandhi International airport in Delhi after the government eased a nationwide lockdown imposed as a preventive measure against the COVID-19 coronavirus. (AFP)

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

Indian diplomats have had to adopt some novel means to reach their countries of posting (Bloomberg)
The ICMR D-G said concerted efforts have been made to ramp up the testing capacity in the country. (AFP)
The ICMR D-G said concerted efforts have been made to ramp up the testing capacity in the country. (AFP)

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 rate today: On MCX, prices fell to  ₹46,068 per 10 gram
Xiaomi plans to tap into the market of basic true wireless earphones with the new device
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Karnataka Chief Minister BS Yediyurappa addresses media
Titan derives a lion’s share of its revenues from its jewellery business which has been hit by hard by covid-19. (Ramesh Pathania/Mint)
Beer is the most popular alcoholic drink in the world by volume consumed. (Photo: Reuters)
Prayagraj: Migrants wait to board buses to reach their native places after arriving via special train, during the ongoing COVID-19 lockdown, in Prayagraj, Tuesday, May 26, 2020. (PTI Photo) (PTI)
Prayagraj: Migrants wait to board buses to reach their native places after arriving via special train, during the ongoing COVID-19 lockdown, in Prayagraj, Tuesday, May 26, 2020. (PTI Photo) (PTI)

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

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