Indian lenders are keenly watching the outcome of a petition filed by State Bank of India (SBI) in the Supreme Court, which invoked the personal guarantees of Anil Ambani. The SC will hear the petition from Thursday.

A banker said Ambani has objected to the SBI invoking personal guarantees under the Corporate Debtors Regulations, 2019. Till November, the IBC only covered Indian companies and not promoters.

India's COVID-19 tally of cases galloped past 50 lakh,just 11 days after it crossed 40 lakh, with90,123infections being reported in a day, while recoveries surged to39,42,360on Wednesday, according to the Union Health Ministry data.

The totalcoronavirus cases mounted to 50,20,359, while the deathtoll climbed to82,066witha record 1,290people succumbing to the disease ina span of 24 hours,the data updated at 8 am showed.

Pakistan’s Parliament has extended an ordinance that allowed Indian death-row prisoner Kulbhushan Jadhav to file an appeal against his conviction in a high court for four months. Jadhav is required to file an appeal against his conviction in a high by the International Court of Justice.

The International Court of Justice (Review and Reconsideration) Ordinance promulgated in May was set to expire on September 17 but the National Assembly or the lower house on Monday through a voice vote extended it for four months, news agency PTI quoted the Dawn News as saying.

Microsoft co-founder Bill Gates has lost his father William H. Gates II, a lawyer, and philanthropist. He was 94.

Gates died peacefully at his beach home in Washington state from Alzheimer`s disease, the family announced Tuesday.

With over 90,000 new cases reported in the last 24 hours, India's COVID-19 count on Wednesday crossed the 50 lakh-mark, while the death toll has crossed the 82,000-mark as well.

At 9:30 AM on this day, the COVID-19 tally in the country has reached 50,20,360 cases, which include 9,95,933 active cases; 39,42,361 cured, discharged, or migrated patients, and 82,066 deaths.

An earthquake of magnitude 6.0 on the Richter scale jolted central Nepal on Wednesday morning.

The epicentre of the tremor has been recorded at Ramche of Sindhupalchok district which has already been ravaged by flood and landslide and earthquake of 2015.

Shiv Sena, in its party mouthpiece 'Saamana', has now supported actor-turned-Samajwadi Party MP Jaya Bachchan's statements on the Bollywood film industry and the alleged drug nexus and praises her speaking out freely on the issue. The Saamana editorial also goes on to proclaim that the entire film industry is not tarnished as the case concerns lone actors and actresses and does not concern Bollywood as a whole.

Gold prices today jumped to Rs 55,030 from Rs 54,540 per 10 gm, while silver was trending at Rs 69,500 per kg, according to the Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

The pressures of the pandemic have fallen hardest on developing countries with weak governments. They’re struggling to determine who is being infected and why, and to mitigate the economic impact of lockdowns and social distancing measures. If dealing with Covid-19 is stressing those states, however, the effort required to end the pandemic may exhaust them.

Andhra Pradesh Covid toll breached the 5,000 mark with 69 more deaths, even as the state has registered 8,846 new Coronavirus positive cases, raising the state's tally to 5.83 lakh on Tuesday.

With the new deaths, state's toll reached 5,041. Chittoor district accounted for the highest number of Covid deaths, 543, followed by Guntur (469), East Godavari (464), Kurnool (425) and others.

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