The Supreme Court bench headed by Justice RF Nariman on Wednesday (July 14) took suo moto cognizance of the decision of Uttar Pradesh Government to allow Kanwar Yatra in the state amid the COVID-19 pandemic.

The state of Uttarakhand had issued a statement in the month of June to dismiss the Kanwar Yatra 2021 due to the COVID-19 pandemic. The country had seen a massive rise in cases earlier this year which led to the second wave owing mostly to festivities and the Kumbh Mela which was attended by lakhs.

India recorded 38,792 new coronavirus cases, taking the infection tally to 3,09,46,074, while the death toll reached 4,11,408 with 624 more fatalities, according to the Union Health Ministry's data updated on Wednesday.

The active cases have declined to 4,29,946 and comprise 1.39 per cent of the total infections, while the national COVID-19 recovery rate stands at 97.28 per cent, the data updated at 8 am showed.

JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021.

The proposed resolution enables the board of directors to issue securities for an aggregate amount not exceeding Rs 5,000 crore or its equivalent in any foreign currency, the notice for the AGM said.

Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of entire stake in two solar energy assets with cumulative capacity of 100 MW from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore.

IndiGrid's acquisition of its first solar asset is an important milestone in the Indian infrastructure sector as this marks the first renewable energy acquisition by any InvIT in the country, the company said in a statement.

Apple Inc. has asked suppliers to build as many as 90 million next-generation iPhones this year, a sharp increase from its 2020 iPhone shipments, according to people with knowledge of the matter.

The Cupertino, California-based tech giant has maintained a consistent level in recent years of roughly 75 million units for the initial run from a device’s launch through the end of the year.

HDFC Bank Ltd., India’s biggest lender by market capitalization, is considering to sell its first-ever offshore bonds that qualify as capital as it boosts buffers.

The Mumbai-based lender’s board on Saturday will mull a plan to issue perpetual Additional Tier 1 notes that comply with Basel III capital norms, according to a filing late Tuesday. It would be only the second such offshore offering from an Indian bank after the nation’s largest lender State Bank of India sold such securities in 2016.

The price of 10 gm of 22-carat gold stood at Rs 46,890 Wednesday, up from Rs 46,710 Tuesday. Silver rose to Rs 69,400 per kg, up from Rs 69,100, according to the Good Returns website.

Gold jewellery varies in price across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

UN Secretary-General Antonio Guterres on Tuesday said that 11 billion doses are needed to vaccinate 70 per cent of the world to end the Covid-19 pandemic.

Pledges of doses and funds are welcome -- but they are not enough. We need at least 11 billion doses to vaccinate 70 per cent of the world and end this pandemic, the UN chief told the opening of the ministerial segment of the High-level Political Forum on Sustainable Development, which is the top platform for reviewing the implementation of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals, Xinhua reported.

Carmaker Maruti Suzuki plans to invest up to Rs 18,000 crore for a new factory in Haryana to make a peak million units annually, R C Bhargava, the company’s chairman, has told 'Times of India', adding the company had sort out concerns about the state’s policy to reserve jobs in the private sector.

The proposed unit may be spread over 700-1,000 acres and would replace the company’s first factory in Gurugram. The coronavirus pandemic had delayed plans for the new factory.

Eleven cases of the Kappa variant of COVID-19 have been detected in Rajasthan, said State Health Minister Raghu Sharma on Tuesday (July 13).

Addressing a press briefing last week, Dr VK Paul, Member-Health, NITI Aayog had said that the Kappa variant of COVID-19 is a "variant of interest" and it is not a new variant as cases have been reported in the country before.

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