With 5,921 people testing positive for coronavirus infection in a day, India's total tally of COVID-19 cases now stands at 4,29,57,477 and that of active cases is at 63,878, according to Union Health Ministry data updated on Saturday.

The death toll due to the disease has climbed to 5,14,878 with 289 fresh fatalities being reported in a span of 24 hours, the data updated at 8 am showed.

Singapore has introduced sanctions on the Russian Central Bank and some other Russian banks as well as imposed restrictions on the exports to the country over the Russian military operation in Ukraine, the Singaporean Foreign Ministry said on Saturday.

Financial institutions in Singapore will be prohibited from the following: ... entering into transactions or arrangements, or providing financial services that facilitate fund raising by: the Russian government; the Central Bank of the Russian Federation; any entity owned or controlled by them or acting on their direction or behalf.

Private lender YES Bank is looking to raise equity capital to the tune of up to Rs 10,000 crore by selling shares through a qualified institutions placement (QIP) or in international markets through global depository receipts, American depository receipts, foreign currency convertible bonds, or other instruments, the lender said in a notification to the London Stock Exchange.

The capital raise is to further strengthen its common equity tier-1 (CET-1) ratio, ensure there is capital to support growth, and maintain adequate buffers to deal with any unforeseen impact from a position of strength.

Reliance Industries (RIL) announced the opening of the country’s largest business, commerce and cultural destination — the Jio World Centre — spread across 18.5 acres at Bandra Kurla Complex in Mumbai.

The initial launches are the Dhirubhai Ambani Square, the musical Fountain of Joy and The Jio World Convention Centre. The Jio World Centre will have a phase-wise opening over the course of the current and the next year, RIL said in a release.

Mahindra and Mahindra (M&M) on Friday said it has signed a pact with Campervan Factory, an IIT Madras-incubated research-based caravan manufacturing company, to launch campers in India. These well-equipped campers, based on the double-cab Bolero Camper Gold platform, will cater to the self-drive tourism segment that is gaining popularity in the country.

This is the first time that an Indian automotive OEM (original equipment manufacturer) has ventured into the caravan segment in India.

Digital gaming and sports firm Nazara Technologies will acquire a 33 per cent stake in Datawrkz Business Solutions, the company said in a regulatory filing on Friday.

In addition to this, the board of Nazara Technologies has approved investment of up to Rs 30 crore in its subsidiary Next Wave Multimedia.

The Competition Commission has disposed of a complaint alleging unfair business practices by Amazon Seller Services Pvt Ltd and certain other related entities, saying that the allegations are devoid of requisite evidence. The complaint was filed by All India Online Vendors Association against Amazon Seller Services, Amazon Wholesale India, Amazon Retail India, Cloudtail India and Prione Business Services.

The association comprises more than 2,000 sellers across the country, with its members selling various products on e-commerce marketplaces.

The fast-moving consumer goods category (FMCG) has recovered in just one month after the third wave of the pandemic compared to the full quarter it took to recover after the second wave in 2021 driven by strong off takes of packaged food products and commodity product (wheat flour, edible oil, grains etc…) sales that have surpassed last year sales numbers.

“Rural growth continues to fire FMCG sales on a year-on-year basis while urban sales are slightly down with discretionary product sales being impacted in the recovery from the third wave,” Akshay D’Souza, chief of growth & insights at Bizom told Business Standard.

Only five per cent of the fully vaccinated persons who caught the Omicron variant infection in Mumbai needed hospitalization, as per the Brihanmumbai Municipal Corporation's (BMC) latest sample data.

On the other hand, among those who had not taken a single dose of anti-coronavirus vaccines and who were infected with Omicron, more than 17 per cent had to be hospitalized.

The Supreme Court on Friday agreed to hear on March 11 a plea challenging grant of bail by the Allahabad High Court to Ashish Mishra, son of Union minister Ajay Mishra, in connection with the Lakhimpur Kheri violence that left eight people, including four farmers, dead.

A bench headed by Chief Justice N V Ramana took note of the submissions of lawyer Prashant Bhushan that the other accused in the case are moving courts for grant of bail citing the relief granted to Ashish Mishra.

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