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Stay tuned with Business Standard for the latest news of today

BS Web Team New Delhi

2:03 PM

China says concerned about India banning Chinese apps

China said on Tuesday it was concerned about India's decision to ban Chinese mobile apps such as Bytedance's TikTok and Tencent's WeChat and was making checks to verify the situation, Reuters reported.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

1:52 PM

Latest News LIVE update: Aditya Birla Fashion's Rs 995-crore rights issue to launch on July 8

Aditya Birla Fashion and Retail will be launching a rights issue at Rs 995 crore on July 8, ANI reported.

It will allow existing shareholders of the company to subscribe to shares at a price of Rs 110 per share. The rights issue will close on July 22, the company said in regulatory filings at stock exchanges. The proceeds of the rights issue will largely be used to repay in whole or part some of the existing loan facilities availed by the company.

As per terms of payment of issue price, the investors will have to pay 50 per cent of the subscription amount upfront with the rest payable in two tranches of 25 per cent each in January 2021 and July 2021. Existing shareholders are eligible for nine shares for every 77 existing shares held by them.

The promoter group, led by Kumar Mangalam Birla, will fully subscribe to the extent of their rights entitlement and do not intend to renounce such rights except to the extent of renunciation within the promoters and promoter group. It will also subscribe to any additional equity shares in the issue for ensuring subscription to the extent of at least 90 per cent of the issue.

1:40 PM

Latest News LIVE: Held wide-ranging discussion with French FM Jean-Yves Le Drian, says S Jaishankar

1:38 PM

Coronavirus peak linked to consistent decline in daily toll: Healthcare expert

Only when the daily death toll due to coronavirus comes down consistently can one say for sure that COVID-19 has peaked in India, a prominent public health care expert said on Tuesday.

President of Public Health Foundation of India Prof. K Srinath Reddy said the country is seeing greater spread of the virus because of increase in testing rates, and mobility and mixing of people post the COVID-19-induced lockdown. The explosion in cases is seen mostly in big cities and in surrounding districts, while large parts of India are still not showing high intensity of infection, according to him.

"So, our duty is to try and protect those places and slow down the spread there as well as quickly put down the infection in some of the urban areas where we are seeing high intensity of infections," Reddy, who formerly headed the Department of Cardiology at the All India Institute of Medical Sciences (AIIMS),told PTI.

With 18,522 people testing positive for coronavirus in a single day, India's COVID-19 tally climbed to 5,66,840 on Tuesday while the toll rose to 16,893 with 418 new fatalities, the Union Health Ministry data said. He said with testing numbers increasing and testing criteria changing, it's difficult to say in relative terms when COVID-19 will peak and when it will come down.

"But if daily death counts start coming down, then we are certain about it.

1:23 PM

Tuticorin SP shunted out, put on 'compulsory wait'

The Superintendent of Police of Tuticorin, where a father-son duo died after being allegedly thrashed by the police last week, was on Tuesday shunted out of the district and placed under "compulsory wait" by the Tamil Nadu government.

Arun Balagopalan IPS "is brought to the compulsory wait at office of the Director General of Police," a Home Department order said.

Villupuram SP S Jeyakumar has been appointed in place of Balagopalan.

The government also posted S Murugan, IG, Economic Offences Wing, Chennai as the IG, South Zone, vice KP Shanmuga Rajeswaran, who is retiring today.

1:20 PM

China says strongly concerned, verifying situation after India blocks 59 Chinese apps: news agency ANI

1:00 PM

Madurai Bench of Madras High Court asks Tirunelveli IG if it will be possible to take up the case until it is handed over to CBI

Postmortem report presented before the court. Judges say that there are grounds for registering a case against the police officials.

12:44 PM

Security outside Taj Hotel in Mumbai beefed up after Karachi Stock Exchange terror attack: Official

12:43 PM

Maharashtra CM Uddhav Thackeray says over 1 crore people benefitted from state govt's 'Shiv Bhojan' thali scheme

Maharashtra CM Uddhav Thackeray says over 1 crore people benefitted from state govt's 'Shiv Bhojan' thali scheme, which was started in January this year to serve full meal to the poor at Rs 10

12:39 PM

Delhi HC extends till August 11 time for giving suggestions and objections to draft Environment Impact Assessment 2020

12:39 PM

UP Congress minority cell chief Shahnawaz Alam arrested

UP Congress minority cell chief Shahnawaz Alam arrested in connection with violence during anti-CAA protest in Lucknow on December 19 last year: Police

12:26 PM

2 hardcore terrorists were killed in an encounter in Waghama area of Anantnag today: J&K police

2 hardcore terrorists were killed in an encounter in Waghama area of Anantnag today. In the last 24 hours, Anantnag Police and security forces have neutralised 5 terrorists. Police are playing a leading role in anti-terrorist operations: IG Kashmir Vijay Kumar

12:04 PM