Vice chairman of Niti Ayog Rajiv Kumar.
Delhi Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Tuesday. (ANI Photo)
Delhi Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Tuesday. (ANI Photo)

Delhi govt's festive bonus: Employees can opt for cash equivalent of LTC

  • 'Keeping in mind the hardship of the employees due to the COVID pandemic and lockdown, the government took the decision, Delhi government said in a statement
  • An amount of 10,000 will be paid to the employees as advance, under the initiative

Metros have seen an impact on value due to this exodus with Bengaluru and Chennai reaching only 80% of pre-covid GMV levels (MINT_PRINT)

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The company’s bad loan ratios also deteriorated in a big way. Gross bad loans formed 4.29% of total book, a massive surge from 1.4% in the previous quarter.
The firm plans to use net proceeds from the fresh capital to roll out new restaurants in the country (REUTERS)
The firm plans to use net proceeds from the fresh capital to roll out new restaurants in the country (REUTERS)

Burger King files for IPO, looks to raise 542 crore via fresh issue of shares

  • The company plans to have about 700 restaurants, including sub-franchised outlets by December 31, 2026
  • Investment banks Kotak Mahindra Capital, CLSA India, Edelweiss Financial Services and JM Financial have been appointed to advise the company on the IPO

Prime Minister Narendra Modi said his government will ensure all Indians have access to a Covid-19 vaccine as soon it is ready
Prime Minister Narendra Modi said his government will ensure all Indians have access to a Covid-19 vaccine as soon it is ready

Covid-19: Modi govt has set aside 50,000 crore for vaccination, says report

  • Govt estimates an all-in cost of about $6-$7 per person in the nation of 1.3 billion, according to sources
  • The biggest challenge for India will be building up cold-chain logistics to distribute vaccines across India in a short period of time, said Kiran Mazumdar-Shaw

Trump’s first major legislative achievement was a tax reform bill that slashed rates for businesses (REUTERS)
Trump’s first major legislative achievement was a tax reform bill that slashed rates for businesses (REUTERS)

US elections 2020: One way Trump is doing better than expected

  • Trump could be on track to win a higher percentage of African-American votes than any Republican candidate since Bob Dole
  • Trump signed a landmark sentencing reform bill that led to the release of thousands of non-violent offenders

Delhi Deputy Chief Minister Manish Sisodia (PTI)

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A scientist works at an antibody laboratory plant. (AFP)
A scientist works at an antibody laboratory plant. (AFP)

Serum Institute joins Merck, IAVI to develop antibodies against coronavirus

  • As per a joint statement by IAVI and Serum Institute, the two monoclonal antibodies were co-invented by IAVI and Scripps Research as an innovative intervention to curb the pandemic
  • Under IAVI’s agreement with Merck and SII, the partners will conduct an accelerated, integrated program of preclinical and clinical research to evaluate the antibodies for treatment of Covid

Asian Paints is the most expensive listed Indian paint stock. (Photo: Mint)
Gold rate today: Prices on MCX fell to  ₹51,100 per 10 gram
Sensex ended 0.37% lower at 40,558.49.
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. (REUTERS)
SBI now offers interest rates starting at 6.90% for a home loan of up to  ₹30 lakh (AP)
An employee disinfects a metro train to prevent the spread of the coronavirus disease (AFP)
An employee disinfects a metro train to prevent the spread of the coronavirus disease (AFP)

Covid-19 reinfections are real. Should you be worried?

  • A wave of fresh outbreaks is causing a spike in new cases worldwide, before any rash of second bouts
  • Reinfections may happen if our immune systems don't consistently mount a strong or durable reaction to the virus

A file photo of a Bajaj Auto factory. Workers want the firm to stop operations at its Aurangabad plant. (Bloomberg)
Prime Minister Narendra Modi addresses as he takes part in commencement of Durga Puja celebrations in Kolkata virtually via video conferencing, in New Delhi on Thursday. (ANI Photo)
Prime Minister Narendra Modi addresses as he takes part in commencement of Durga Puja celebrations in Kolkata virtually via video conferencing, in New Delhi on Thursday. (ANI Photo)

PM Modi to virtually inaugurate 3 key projects in Gujarat on 24 October

  • The PM will launch the 'Kisan Suryodaya Yojana' for the Gujarat's farmers, inaugurate the Paediatric Heart Hospital attached with UN Mehta Institute of Cardiology and Research Centre and a mobile application for tele-cardiology at the Ahmedabad Civil Hospital
  • PM Modi will also inaugurate a ropeway at Girnar on the occasion

File photo of Diego Maradona
The WhatsApp app logo is seen on a smartphone in this picture  (REUTERS)
FILE PHOTO: Small toy figures are seen in front of displayed Amazon logo in this illustration  (REUTERS)
Some European banks' retreat from the country in recent years has helped Wall Street banks increase the share of fees (AP)
Some European banks' retreat from the country in recent years has helped Wall Street banks increase the share of fees (AP)

Wall Street banks see rare payday bonanza in India despite pandemic

  • India saw $16.8 billion of M&As in its technology, media, and telecoms sector between January and mid-October
  • U.S. and European banks received 41.9% of the total investment banking fees earned in India

Tamil Nadu Chief Minister Edapaddi K Palaniswami.
Tamil Nadu Chief Minister Edapaddi K Palaniswami.

Will provide Covid vaccine free of cost once ready: Tamil Nadu CM

  • The Tami Nadu government's decision came ahead of next year’s Assembly elections on 7 October
  • Earlier today, FM Sitharaman also announced that the BJP's vision document included the promise of free of cost Covid vaccination for the people of Bihar while releasing the party's manifesto for the state polls

Photo: iStockphoto
Sawhney also said that Twitter must respect the sentiments of the people of India (REUTERS)
In the first half of the current fiscal, the LPG subsidy given to consumers touched Rs7,500 crore, compared with Rs12,133 crore given in the entire FY2017. Photo: Reuters
In the first half of the current fiscal, the LPG subsidy given to consumers touched Rs7,500 crore, compared with Rs12,133 crore given in the entire FY2017. Photo: Reuters

Govt may shift chunk of FY21 subsidy burden to next fiscal

  • The Centre often rolls over subsidy bill to the next financial year to keep fiscal deficit in check. In FY19, the finance ministry had deferred payment of food subsidy bill of over 69,000 crore to meet the fiscal deficit target of 3.4% of GDP

Serum Institute of India recently commenced the final stage trial of Oxford COVID-19 vaccine in India (AP)
Serum Institute of India recently commenced the final stage trial of Oxford COVID-19 vaccine in India (AP)

COVID vaccine may be ready by year-end, expects govt. A look at vaccine journey

  • At present, three vaccine candidates — Covaxin, ZyCoV-D and Covishield — are at different phases of trial in India
  • The regulator granted permission to Dr Reddy's Laboratories for conducting phase II clinical trials of the Russian COVID-19 vaccine Sputnik V

Bihar Deputy Chief Minister Sushil Kumar Modi speaks to media, in Patna  (ANI)
Indian Railways
It will be the first major launch after the introduction of the two 650CC Interceptor bikes
Indian American Congressman Raja Krishnamoorthi hoped the administration “immediately rejects” the proposal to end extension of H-1B visas. Photo: iStockphoto
Indian American Congressman Raja Krishnamoorthi hoped the administration “immediately rejects” the proposal to end extension of H-1B visas. Photo: iStockphoto

Govt relaxes visa rules, OCI and PIO card holders can visit India

  • Govt permits all OCI, PIO card holders and other foreign nationals to visit India for any purpose, except on tourist visa
  • The relaxations will also includes flights operated under Vande Bharat Mission, Air Transport Bubble arrangements

PM Modi addresses the people of West Bengal on Durga Puja. (ANI)
Systematic Withdrawal Plan (SWP) in mutual funds can help you to get a regular payment or income to take care of your daily needs. This facility can be utilized by retired people who need regular inflows.
Systematic Withdrawal Plan (SWP) in mutual funds can help you to get a regular payment or income to take care of your daily needs. This facility can be utilized by retired people who need regular inflows.

How mutual fund SWP route can offer you guaranteed monthly income

Under SWP, an investor can set the frequency of the inflows at monthly, quarterly, semi-annual or annual, depending on her requirement.

Hrithik Roshan's mother, Pinkie Roshan.
The dearness allowance (DA) hike for central government employees and pensioners will set back the exchequer by ₹ 6,112.2 crore a year. Photo: Pradeep Gaur/Mint
Women passengers wait for a local train in Mumbai, India.  (AP)
Gland Pharma plans to raise  ₹1,250 crore in fresh capital through the IPO, while the existing promoters plan to sell around 34 million shares, which could be worth around  ₹4,750 crore. (Mint)
Gland Pharma plans to raise 1,250 crore in fresh capital through the IPO, while the existing promoters plan to sell around 34 million shares, which could be worth around 4,750 crore. (Mint)

China’s Fosun-owned Gland Pharma gets Sebi nod for proposed 6,000 cr IPO

  • Gland Pharma had filed the draft red herring prospectus for its IPO with Sebi in July. It develops, manufactures and markets complex injectables
  • The Fosun group-owned company will use the proceeds of the IPO for capital expenditure and working capital requirements

On the NSE, it fell 6.53 per cent to  ₹753.50.
Photo: Mint
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