Apple Inc.’s major iPhone assemblers are among the companies expected to win approval to participate in a $6.6 billion stimulus program to bring manufacturing to India, according to people familiar with the matter, a potentially seismic shift as the world’s most valuable company diversifies beyond China.

The market-capitalisation (m-cap) of Tata Consultancy Services Ltd surged past the Rs 9 trillion-mark for the first time, after its share price rose 1.5 per cent to hit a record high of Rs 2,408 in Monday's early morning trade. The information techology (IT) giant is the second Indian company, after Reliance Industries (RIL), to achieve the milestone.

The IT bellwether's stock surpassed its previous high of Rs 2,389.50, hit on September 8, 2020. At 09:18 am, TCS' m-cap stood at Rs 9.02 trillion, the BSE data shows.

With over 92,000 new cases reported in the last 24 hours, India's COVID-19 count on Wednesday crossed the 48 lakh-mark, while the death toll is nearing the 80,000-mark as well.

At 9:30 AM on this day, the COVID-19 tally in the country has reached 48,46,428 cases, which include 9,86,598 active cases; 37,80,108 cured, discharged, or migrated patients, and 79,722 deaths.

Ahead of the Monsoon Session of the Parliament, Prime Minister Narendra Modi on Monday said that the MPs will give an unequivocal message that the country stands with the soldiers who are guarding our borders.

The statement from the PM comes in wake of the ongoing standoff between India and China in Eastern Ladakh.

The Rajya Sabha, on the first day of the Monsoon session on Monday, will elect its Deputy Chairman, with NDA`s Harivansh Narayan Singh and RJD`s Manoj Jha in the fray for the post.

For the ruling National Democratic Alliance, BJP chief J.P. Nadda will move the first motion in support of Singh while Leader of Opposition Ghulam Nabi Azad will move the first motion from the opposition, and voting may take place if required.

With 97,570 fresh COVID-19 cases reported in India-- the highest spike in new cases in the last 24 hours -- the national coronavirus cases tally has gone beyond the 46 lakh mark, the central government said on Saturday.

With this latest spike, the count stands at 46,59,985 of which, there are a total of 9,58,316 active cases while 36,24,197 patients have been cured/discharged/migrated from the disease, the Union health ministry said.

Oil prices fell further on Friday and were on track for a second weekly drop after the US stock markets tumbled and US stockpiles rose unexpectedly.

Brent fell 28 cents, or 0.7 per cent, at $30.78 a barrel by 12:10 GMT, and US crude was down 17 cents, or 0.5 per cent, to $37.13 a barrel.

Prime Minister Narendra Modi will inaugurate 1.75 lakh houses built in Madhya Pradesh under the Pradhan Mantri Awas Yojana (Rural) on Saturday.

The Prime Minister will participate in the program through video conferencing and will also talk with some of the beneficiaries of the scheme.

Over three-fourth of reported COVID-19 cases in India have either recovered or been discharged, the Ministry of Health and Family Welfare (MoHFW) informed on Saturday.

In a tweet, Union Heath Ministry shared a picture which showed the country's recovery rate at 77.65 per cent while the percentage of active cases stands at 20.7 per cent.

Investigating the drug angle in Bollywood actor Sushant Singh Rajput's death case, the Narcotics Control Bureau (NCB) on Saturday raided around seven locations in Mumbai and Goa.

A high-level meeting is reportedly scheduled to be held later in the day at NCB Mumbai to chart the next course of action in the case.

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