Apollo Tyres on Tuesday decided to cut capital expenditure by around Rs 400 crore for the year in India due to the pandemic. The company had initially planned around Rs 1,400-1,500 crore in India and about 20 million pounds for its European facility.

During an investors call, the company's CFO Gaurav Kumar said that the plan was to invest around Rs 1400-1500 crore for the current year, but it would be about somewhere between Rs 1,000-1,100 crore.

TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.

The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city.

China has caused great damage to the US and the rest of the world, President Donald Trump said on Monday.

Over the last few months, Trump has been holding China responsible for the spread of deadly coronavirus across the world.

The coronavirus has so far claimed the lives of 533,000 people globally with the US topping the chart with 132,000 fatalities.

Delhi’s Covid-19 tally on Monday breached the 100,000-mark as the city recorded 1,379 fresh Covid cases, while the death toll mounted to 3,115, news agency PTI reported.

The national positivity rate of Covid-19, percentage of samples testing coronavirus-positive from the total number of samples, has reduced and now stands at 6.73 per cent, the Ministry of Health and Family Welfare said on Monday.

Seventy-five per cent of private sector jobs in Haryana will be reserved for local candidates as per a proposed ordinance cleared by the state cabinet on Monday.

The proposed move can have wider implications due to a large number of MNCs and Indian corporates being based in Gurgaon and other NCR cities falling within the state.

The number of COVID-19 tests in the country have crossed the 1 crore (10 million) mark as the number of total cases crossed seven lakh on Monday, government data showed.

The Ministry of Health and Family Welfare termed the milestone of one crore tests a significant achievement.

An encounter broke out between joint security forces and terrorists on Tuesday morning in the Gusoo village at the Pulwama district of Jammu and Kashmir (J&K). According to the latest updates, a terrorist has been gunned down in the operation, which is still going on.

National Security Advisor (NSA) Ajit Doval on Monday spoke with Wang Yi, State Councillor and Minister of Foreign Affairs of China, to discuss de-escalation along the India-China border in eastern Ladakh.

The Ministry of External Affairs (MEA) said in a statement that the two "Special Representatives" had a frank and in-depth exchange of views on the recent developments in the Western Sector of the India-China border areas during their telephonic conversation.

The Kerala government has made it mandatory for the public to adhere to Covid-19 safety guidelines such as wearing of masks for the next one year, as part of its measures to tackle the spread of the virus in the state.

Through an amendment brought to the Epidemic Diseases Act, the state government said the regulations for the public will remain in effect till July 2021.

Shares of HDFC Bank rose 3 per cent to Rs 1,110 on the BSE on Monday after the bank reported strong loan growth of 21 per cent year on year (y-o-y) at Rs 1.04 trillion for the first quarter of financial year 2020-21 (Q1FY21).

The Bank’s advances aggregated to approximately Rs 1.04 trillion as of June 30, 2020, a growth of around 21 per cent as compared to Rs 8,297 crore as of June 30, 2019 (Rs 9,937 crore as of March 31, 2020), HDFC Bank said in an exchange filing.

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