'India 'strongly objects' to WHO's COVID-19 excess mortality data'- Business Today Newsletter

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CORONAVIRUS   India 'strongly objects' to WHO's COVID-19 excess mortality data   The ministry's objection comes after WHO earlier today released a report estimating that there were 4.7 million COVID deaths in India -- 10 times more than the official figures and almost a third of COVID deaths globally.

LATEST   Prepare 'Heat Action Plan', take all measures to avoid loss of life: PM Modi to states   Regarding southwest monsoon preparedness, PM Modi advised all states to prepare 'Flood Preparedness Plans' and undertake appropriate preparedness measures.

Unicorns   Edtech unicorn Vedantu lays off 3.5% of its workforce   Edtech unicorn Vedantu has joined the fresh group of start-ups who are laying off employees following a cost restructuring exercise.

LATEST   Wipro, HFCL tie up to develop 5G product portfolio   Wipro expects to empower enterprises to realize their 5G-enabled vision and increase the speed with which they can bring high-quality 5G solutions to market.

LATEST   Why rates are being hiked globally, and what it means   Not only RBI and the US Federal Reserve, Hong Kong too increased its rates and UK is scheduled to increase it on Thursday.

MARKETS   LIC IPO fully subscribed on Day 2; Policyholders 3 times, employees 2.14 times, retail 0.91 times   It is the biggest-ever IPO with Paytm second in the league.

Crypto   Binance, Sequoia among many who funded Elon Musk’s Twitter buy-in   The latest SEC filing reveals 18 investors who have helped Elon Musk fund his Twitter buy-in. They include a16z, Qatar LLC, Honeywell, etc.

MARKETS   Promoters pledging increased in March quarter; here is the list of companies   For the latest quarter ended March 31, 2022, promoters pledged shares worth Rs 2.1 lakh crore, which is about 0.86 per cent of the total market capitalisation of the BSE 500 stocks.

Magazine   BT’s Business Confidence Index on a 7-year high. Will the good times last?   BT's Business Confidence Index shows rising confidence in the quarter gone by, and even more confidence for the coming quarter. But with several challenges staring companies in the face, the assurance could crack.

News Reel   RBI launches its inflation-busters   What was really worrying in the RBI’s governor speech was the frequent warnings about food prices. They are clear indications that the situation could get much worse. In fact, the RBI Governor listed various reasons. RBI has identified its biggest challenge i.e food prices. Watch this report to know more.

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