Coronavirus News Highlights: Maharashtra sees 225 new COVID-19 deaths, 6,959 cases, 7,467 recoveries

Coronavirus News Highlights: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

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After Beijing’s restrictions on education industry, India could be the land of opportunities in Edtech startupsÂ

India may become the next investment hub in this area, the unicorn startups may have an advantage in raising funding from global investors.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/after-beijing’s-restrictionseducation-industry-india-could-belandopportunitiesedtech-startups _15359221.html

Coronavirus News LIVE Updates: Tokyo#39;s daily COVID-19 infections hit new record of 4,058

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

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Torrent Power acquires 50 MW solar power plant from Lightsourcebp UKCI

This acquisition takes Torrent Power’s total generation capacity to over 4.5 GW (including under construction projects) and its renewable portfolio to more than 1.6 GW.

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Intra-day NAV to be applicable for ETF transactions by large investors directly with AMCs

The decision was taken based on feedback received from the mutual fund (MF) industry and recommendations of the capital markets regulator#39;s mutual fund advisory committee, according to a circular.

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Coronavirus News LIVE Updates: Central team reaches Kerala to discuss measures to control COVID-19 in state

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

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SpiceJet launches 16 new flights, Bhavnagar added to domestic network

SpiceJet COO Shilpa Bhatia said the additional flights will “support the domestic expansion we are aiming for aggressively”.

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Coronavirus News LIVE Updates: More than 3.14 crore balance COVID-19 vaccine doses available with states, pvt hospitals, says Centre

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

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Coronavirus News LIVE Updates: India’s COVID-19 vaccination coverage crosses 46.15 crore, 52.99 lakh doses administered in last 24 hours

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-news-live-updates-india’s-covid-19-vaccination-coverage-crosses-4615-crore-5299-lakh-doses-administeredlast-24-hours_15358341.html

Coronavirus News LIVE Updates: India#39;s COVID-19 recovery rate stands at 1.29%

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry.

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Global demand-supply mismatch post-recovery led to rally in metal stocks: Mitul Shah of Reliance Securities

FIIs withdrawal from Indian equity is fueled by movement in US markets, currency movement, and economic development in global markets, says Shah.

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Ind-Swift to sell API business to PI Industries for Rs 1,530 crore

The sale is expected to close on October 21, 2021, subject to approvals and closing conditions.

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Data storage norms: Mastercard submits audit report to RBI

The Reserve Bank had on July 14 put an indefinite ban on Mastercard from issuing new credit, debit and prepaid cards. The ban came into effect from July 22.

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Coronavirus News LIVE Updates: India#39;s COVID-19 tally rises above 3.16 crore with 41,649 new cases; 593 more die

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry.

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Break the stigma: Time to make mental health part of sick leaves

Employees are often forced to give excuses for taking time off for mental health. It is crucial that organisations make mental health leave a standard HR practice.

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Lottery Sambad Result July 31: ‘Dear Bangasree Damodar’ lottery winners to be announced at 4 pm

Lottery Sambad Results: The first prize winner of #39;Dear Bangasree Damodar#39; lottery will take home Rs 50 lakh

from Moneycontrol Business News https://www.moneycontrol.com/news/business/lottery-sambad-result-july-31-‘dear-bangasree-damodar’-lottery-winners-to-be-announced-at-4-pm_15358401.html

Coronavirus News LIVE Updates: Gujarat reports no COVID-19 death for 12th day in row, logs 21 new cases

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry.

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Coronavirus News LIVE Updates: Assam#39;s COVID-19 tally rises above 5.65 lakh with 1,179 new cases; 20 more die

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry.

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Petrol, diesel prices on July 31: Fuel prices steady for 14th day in a row, check rates in your city

Fuel prices: The last increase took the petrol price in Delhi near Rs 102 per litre-mark.

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Natural gas futures fall over 1.5% on profit booking, support seen at Rs 293 level

The momentum indicator Relative Strength Index (RSI) is at 66.19, which suggests upbeat movement in the price.

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Zydus Cadila gets USFDA nod for breast cancer treatment drug

Fulvestrant injection is used alone or in combination with other drugs to treat a certain type of hormone receptor positive, advanced breast cancer (breast cancer that depends on hormones such as estrogen to grow) or breast cancer that has spread to other parts of the body in women who have experienced menopause.

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Hindustan Zinc to invest $1 billion to replace diesel vehicles with battery EVs

The company, which has signed an agreement with Finnish technology firm Normet Group Oy to introduce front line battery-powered service equipment in underground mining, will deploy three of Normet SmartDrive EVs – a #39;Spraymec#39;, an #39;Agitator#39;, and a #39;Charmec#39; - in their underground mines, in the first phase.

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Rakesh Jhunjhunwala airline: Shankar Sharma takes dig at ace investor’s aviation plans

Rakesh Jhunjhunwala, on July 28, told Bloomberg that he was considering investing $35 million in the airline venture and would own 40 percent of the carrier.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rakesh-jhunjhunwala-airline-shankar-sharma-takes-dig-at-ace-investor’s-aviation-plans_15356781.html

First Solar plans to invest $684 million to set up solar manufacturing facility in India

Contingent upon permitting, and pending approval of Indian government incentives that are satisfactory to First Solar, the advanced facility is expected to commence operations in the second half of 2023, a company statement said.

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Google removes 71,132 content pieces in May, 83,613 items in June in India: Compliance reports

In addition to reports from users, Google also removed 6,34,357 pieces of content in May and 5,26,866 in June as a result of automated detection.

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DBS, Temasek launch $500 million debt financing platform for growth stage technology-enabled firms

Tan Su Shan, Group Head of Institutional Banking at DBS said the development provides an opportunity for the bank to “play an integral role in nurturing and financing the growth of Asia’s future unicorns”.

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Shift to renewable energy can generate over 5.4 lakh jobs in India by 2050: Report

If the Paris Agreement target of limiting global warming to well below 2 degrees Celsius is met, the number of jobs in India#39;s energy sector will increase from 8.6 lakh to 14 lakh by 2050, a study has found

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Lupin acquires Melbourne-based drug maker SCP to bolster Australia generics business

As a part of the transaction, Lupin will gain access to over 60 registered products having sales of over AUD 30 million

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Eris Lifesciences on the lookout for acquisitions of brands, product portfolios

The company shortlists therapy segments such as cardio, diabetes, vitamins, neuro, dermatology and women#39;s health for buyouts. COO says there are opportunities coming from multinationals and large domestic companies.

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Zomato up 85% after listing; UBS, JM Financial start coverage with buy rating

Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next one year from the July 29 close of Rs 141

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Are Indian start-ups worthy successors to the IT pioneers of the 80s?

Many of the new domestic champions are yet to prove their viability at home. Competing elsewhere isn’t even on the horizon 

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China lays down challenge to the West on crypto

Governments and private sector must adopt more unified approach in response to Beijing

from Moneycontrol Business News https://ift.tt/3icKkIZ

Maruti Suzuki plans Rs 4,500 capex in FY22, subject to market realities

Maruti Suzuki’s sales and capex had fallen sharply in FY21 but this year, bookings for July rose 20 percent over June and company executive say the booking rate is already at 80-85 percent of the Q4FY21 peak

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National Education Policy launches credit-based flexible courses for students, to reduce dropouts

After the first year of a UG degree, a certificate will be awarded. On completion of the second year, a diploma will be awarded while the three-year programme completion will lead to a Bachelor#39;s Degree.

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Israeli agencies raid NSO offices over Pegasus row

Though there is little clarity on the nature of the raids, Israeli news outlet Calcalist cited an anonymous source to term the move “more of a formal meeting than an in-depth audit of NSO’s documents and computer systems”.

from Economic Times https://ift.tt/3laJH4F

Trade Spotlight: What should investors do with Tata Steel, Hindalco and Balrampur Chini?

Stocks that were in focus include Tata Steel, which rose nearly 7 percent to hit a 52-week high, Hindalco Industries (gained over 10 percent), and Balrampur Chini (gains of nearly 8 percent). All 3 stocks hit a fresh 52-week high on Thursday

from Moneycontrol Market Outlook https://ift.tt/3f7Hmne

DAILY VOICE | Srinivas Rao Ravuri highlights 4 reasons why retails investors fancy tech-based IPOs

We are positive in the IT sector as digitization and outsourcing gained strong traction in recent quarters. Indian IT companies have gained scale, global reach, and competence to capitalizing on these opportunities, says Ravuri.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-srinivas-rao-ravuri-highlights-4-reasonsretails-investors-fancy-tech-based-ipos_15354021.html

Dana Incorporated picks up 1% stake in Switch Mobility for $18 million

Switch Mobility has signed a strategic agreement with Dana under which the latter will also be a preferred supplier of electric drivetrain components for its e-bus and EV commercial vehicle offering, including e-axles, gearboxes, motors, inverters, software and controls, and electronics cooling, the company said in a statement.

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MacKenzie Scott, Melinda French Gates join to fund gender equality

Melinda French Gates said in a statement that “we can break the patterns of history" and advance gender equality if there#39;s a commitment to support organizations, like the awardees, "that are ready to lift up women and girls.”

from Moneycontrol Business News https://ift.tt/375TyRb

Tech Mahindra – A great growth story available at a discount

The strong outlook along with an undemanding valuation makes Tech M an attractive large-cap bet to ride the strong technology upcycle

from Moneycontrol Business News https://www.moneycontrol.com/news/business/tech-mahindra-–-a-great-growth-story-available-atdiscount_15354641.html

Toyota to increase Innova Crysta prices by up to 2% from August

The company would realign the price of Innova Crysta by up to 2 percent effective August 1, 2021, the automaker said in a statement.

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Robinhood makes Nasdaq debut, Vinay Bharathwaj of Stockal shares how Indians can invest in the brokerage

Indian investors cannot seamlessly participate in IPOs in the US but those looking to invest in Robinhood, can do so once it gets listed, by opening an international trading account, says Bharathwaj

from Moneycontrol Market Outlook https://ift.tt/3zP0Ghc

Global stimulus capital, corporate liquidity, govt initiatives set up perfect stage for India’s accelerated digital economy surge: Mohandas Pai

More companies should raise public money and look to grow fast at this stage, said TV Mohandas Pai, the chairman of Aarin Capital Partners

from Moneycontrol Business News https://www.moneycontrol.com/news/business/global-stimulus-capital-corporate-liquidity-govt-initiatives-setperfect-stage-for-india’s-accelerated-digital-economy-surge-mohandas-pai_15349421.html

Rising retail borrower stress points to uneven economic recovery

Bottom of the pyramid individuals and businesses are clearly stressed

from Moneycontrol Business News https://ift.tt/3f65V3U

Small Midcap Mantra: Dishman Carbogen is trading near crucial support, experts see up to 30% upside in short term

Experts suggest buying the stock or adding to existing positions at current levels or on dips. They see the stock surging to Rs 250-265, which translates into an upside of 22-30% from 28 July closing prices of Rs 204.9 on the NSE.

from Moneycontrol Market Outlook https://ift.tt/3zKrQFM

Divestment in three public sector entities on the cards ahead of LIC IPO: Report

Stakes in Rashtriya Chemical and Fertilizers, National Fertilisers and Mishra Dhatu Nigam will be divested within the next quarter, via offer on sale (OFS) route

from Moneycontrol Business News https://ift.tt/3zJzxMo

China#39;s crackdown on its biggest companies

From after-school tutoring to music streaming apps, and shopping to bike-sharing, stellar firms have been hit as Beijing tightens the leash on corporations, citing national security and antitrust concerns.

from Moneycontrol Business News https://ift.tt/2Vk1PON

China tries to ease investor fears over crackdown: Report

The business models of private tutoring firms were obliterated by a shock announcement on Saturday that they must become non-profits, sending stock prices crashing.

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National Education Policy: One year of steady reforms, a few more miles to go

While school curricula now include new subjects and regional languages have been made the medium of instruction, the key change in allowing flexibility for students to enter and exit college courses is awaited

from Moneycontrol Business News https://ift.tt/3i9K11G

Tata Sons arm to acquire controlling stake in Tejas Networks for nearly Rs 1,890 crore

The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a statement.

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