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Even as India battles the first wave of coronavirus – reporting 1,684 cases in the last 24 hours – experts are raising concerns of a second wave of the infection during late July and August.
As COVID-19 continues wreaking havoc on global economies, Franklin Templeton has wound up six of its debt mutual funds – worth $4.1 billion – in the country, the effects of which are bound to be felt across the economy.
Here are the latest developments:
COUNT SO FAR:
- One death in Kerala
- 778 new cases in Maharashtra, total now 6,427.
- 184 new cases in Madhya Pradesh, total up to 1,771.
- 62 new cases in Andhra Pradesh, total reaches 955.
- 44 new cases in Rajasthan, total now up to 2,008.
- 18 new cases in Karnataka, state’s count now 463.
- Six new cases in Bihar bring the total up to 176.
- One new case in Odisha, total cases now 90.
- Tripura becomes coronavirus free.
| World | India | ||
| Tally | Toll | Tally | Toll |
| 27,21,354 | 1,91,231 | 23,452 | 723 |
HEALTH:
- Remdesivir – the antiviral drug being tested for COVID-19 – fails human trials.
- Bombay HC asks governments to ensure non-COVID-19 patients get proper care.
- AIIMS to not conduct autopsies for COVID-19 deaths.
BUSINESS:
- Sensex falls 536 points at close, NIFTY barely above 9,000.
- Rupee falls 40 paise against dollar; settles at 76.46.
- 29 lakh jobs in aviation could be affected due to the pandemic.
- Mobile manufacturers seek essentials tag.
- UBS cuts target price on bank stocks by 5-41 percent.
- India’s investments plummet to a five-year low.
- Sri Lanka to seek $400 million cash swap from RBI.
WORLD:
- Global deaths nearing 2,00,000.
- America’s death toll nears 50,000.
- Spain’s cases rise to 219,764.
- US passes $500 billion bill for coronavirus relief.
- 3,000 deaths in Brazil.
- Indonesia’s biggest daily jump – 436 cases – takes tally to 8,211.
- China reports six fresh cases.
DEBATE THIS:
- Monopoly fears triggered by the Jio-Facebook deal are too real to ignore. Agree? Debate here.
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