State-owned Coal India (CIL) on Tuesday reported a 52.4 per cent rise in consolidated net profit at Rs 3,169.85 crore for the quarter ended on June 30, 2021, on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 2,079.60 crore in the year-ago period, Coal India said in a filing to BSE.

The consolidated revenue from operations increased to Rs 25,282.15 crore in the April-June period over Rs 18,486.77 crore in the year-ago period, the filing said.

Coronavirus cases and hospitalisations in the United States are at a six-month high, fuelled by the rapid spread of the Delta variant across swathes of the country grappling with low vaccination rates.

Nationwide, Covid-19 cases have averaged 100,000 for three days in a row, up 35 per cent over the past week, according to a Reuters tally of public health data. The surge of the disease was strongest in Louisiana, Florida and Arkansas.

An Israeli medical institute, which is soon to publish a study claiming almost one-third of Jerusalem youngsters were likely infected with COVID-19, has also revealed another vital finding.

In another study from Israel’s Shaare Zedek Medical Center, the neutralizing antibodies that develop after contracting COVID, start declining in children after only four months.

Shares of Tech Mahindra continued their upward movement on Tuesday, with the stock of the information technology (IT) consulting & software company hitting a new high of Rs 1,322.40, up 2.7 per cent on the BSE. The stock was quoting higher for the fourth straight trading day.

In the past one month, Tech Mahindra has outperformed the market by surging 25 per cent, as compared to a 4.4 per cent rise in the S&P BSE Sensex.

Even as foreign Covid-19 vaccines get the Indian regulator’s nod, actual availability may be still some time away. Sources claim that India is not keen to ‘bow down’ to demands related to indemnity against legal liabilities in case any vaccine recipient develops severe adverse reactions post inoculation.

Talks are on with foreign vaccine makers. However, there is a general consensus that if indemnity is given, then it will be for all vaccine players, not just a handful, said a senior government official who added that no final decision has been taken on the matter yet.

Billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter.

The Indian conglomerate is working with an adviser to evaluate an offer for T-Mobile Netherlands BV, the people said, asking not to be identified discussing confidential information. Deutsche Telekom is seeking about 5 billion euros ($5.9 billion) in any sale, the people said.

Chinese short-video platform TikTok has overtaken Facebook as the most downloaded social media app in the world, the media reported.

According to Nikkei Asia, a global survey of downloads in 2020 showed TikTok on top of the list of social media providers for the first time since the study was first conducted in 2018.

Once the Taxation Laws (Amendment) Bill, 2021 becomes law by early next week, the Government will have to pay Rs 8000 crore to four companies including Cairn Energy, Vodafone, WNS Capital and one more, said Central Board of Direct Taxes (CBDT) Chairperson JB Mohapatra after Taxation Laws (Amendment) Bill, 2021 was passed in Rajya Sabha.

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012.

The price of 10 gm of 22-carat gold on Monday fell by Rs 410 to trade at Rs 45,280 from Rs 45,690 a day earlier. Silver was selling at Rs 63,600 per kg: dropping Rs 1,400 from yesterday, according to the website Good Returns.

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

A 15-year-old girl from Navi Mumbai who recently cleared her SSC exam tried to strangulated her 40-year-old mother to death with a karate belt after a tiff over her studies, the police said on Monday (August 9).

The incident took place on July 30 where the girl tried to portray it as an attempt to suicide but the autopsy report confirmed it to be a murder said the investigating officer of Rabale Police Station, Assistant Police Inspector Dinesh Patil.

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