Gold prices on Wednesday dropped Rs 188 to settle at Rs 48,444 per 10 gram while silver prices also plunged Rs 463 from Rs 49,333 to close at Rs 48,870 per kg, according to the Indian Bullion and Jewellers Association.

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

The largest U.S. air carriers have all signed letters of intent on federal loans to help them weather the novel coronavirus, with United Airlines warning employees on Tuesday that a surge in outbreaks was hitting bookings, threatening a travel rebound and jobs.

United employees should expect to receive as soon as this week notices about potential furloughs effective Oct. 1, the airline said in a regulatory filing.

France's Groupe ADP has infused Rs 4,565 crore, which is the second tranche of investment, in GMR Airports Limited (GAL) to conclude its deal to purchase a total of 49 per cent shareholding in the company, said an official statement.

The GAL manages airports at Delhi and Hyderabad. On February 21, the company had announced that Groupe ADP would acquire 49 per cent stake in it for 10,780 crore.

There is no change in Kia Motor's product launch schedule or the capital expenditure plan, said the company, at at time when many auto majors have deferred investments and launches due to coronavirus pandemic.

The company says that it will launch its third product for India during the festival season. The new compact SUV 'Sonet' will strengthen the company's offerings in the utility vehicle segment, the only focus area for Kia for now in India.

Amar Dubey, the close aide of history-sheeter Vikas Dubey, has been killed in an encounter with Uttar Pradesh Special Task Force (STF) in Hamirpur on Wednesday.

Sources have stated that UP STF killed Amar in coordination with the local police unit in Hamirpur.

United States President Donald Trump has issued a notification to the Congress and the United Nations informing that the US is formally lwithdrawing the World Health Organization (WHO) from July 6, 2021.

This comes after tensions with China over the handling of the coronavirus pandemic. The US is leaving the Geneva-based body after more than 70 years of membership.

In a move that is likely to benefit the youth of Maharashtra, the state government has decided to recruit 10,000 policemen to ease the stress on the police force.

Besides, Maharashtra will also build an all-women Batallion of 1400 personnel in Nagpur's Katoltaluka, state Home Minister Anil Deshmukh said.

As the coronavirus cases in India continue to spread rapidly, India is now just behind the United States and Brazil in terms of the total confirmed cases as it already overtook Russia to take the third spot in the list of worst-hit nations in the world affected by the coronavirus disease (COVID-19). It is, therefore, also the biggest epicenter of the coronavirus disease pandemic in Asia.

With over 22,000 new cases reported in the last 24 hours, India's COVID-19 count on Tuesday crossed the 7 lakh-mark, while the death toll has crossed the 20,000-mark as well.

Shares of information technology (IT) companies were in focus on Tuesday with the Nifty IT index gaining more than 1 per cent ahead of the announcement of their June quarter (Q1FY20) results. Tata Consultancy Services will kickoff the earnings season by announcing its numbers on Thursday, July 9.

Shares of TCS hit an all-time high of Rs 2,303, up 1.8 per cent on the National Stock Exchange (NSE) in Tuesday's trade. The stock surpassed its previous high of Rs 2,296, touched on September 3, 2019.

An investigation into a deadly gas leak at a South Korean-owned chemical plant in Tamil Nadu that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on Tuesday.

The probe at the plant run by LG Polymers, owned by South Korea's LG Chem Ltd, found the company was negligent and warning systems were not working, the state government said on Monday.

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