India saw a single-day rise of 39,796 new Covid infections, which took the tally of cases to 3,05,85,229, while the death toll climbed to 4,02,728 with 723 more fatalities, the lowest in around 88 days, according to Union Health Ministry data updated on Monday.

The active cases have further declined to 4,82,071 and comprise 1.58 per cent of the total infections, while the national Covid recovery rate has improved to 97.11 per cent, the data updated at 8 am showed.

Shares of Info Edge (India) rose 5 per cent to Rs 5,626 on the BSE in intra-day trade on Monday after media reports said Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato. Info Edge held an 18.55 per cent stake in Zomato as of April 27, 201, according to Draft Red Herring Prospectus. The stock of Info Edge (India) has rallied 14 per cent in the past three trading days.

Shares of Panacea Biotec surged 9 per cent to Rs 411 on the BSE in the intra-day trade on Monday after the company announced that it has received a manufacturing license to produce Sputnik V vaccine at its Baddi (Himachal Pradesh) plant. The stock of one of the leading vaccine and pharmaceutical producers in India had hit a 52-week high of Rs 453.70 on May 28, 2021.

The company announces receipt of manufacturing license from Drugs Controller General (India) for Sputnik V vaccine against Covid-19 pursuant to its collaboration with Russian Direct Investment Fund (Russia's sovereign wealth fund). The license is a necessary condition for using Sputnik V produced by Panacea Biotec in India, Panacea Biotec said in a press release on Sunday, July 4, 2021.

Shares of HFCL (formerly known as Himachal Futuristic Communications Limited) continued their northward movement in Monday's trade as they surged 18 per cent to Rs 85.90 on the BSE in intra-day session on the back of heavy volumes. A combined 82.10 million shares had changed hands on the counter on the NSE and BSE till 10:59 am.

In the past month, the stock of the telecom cables manufacture has zoomed 86 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex.

In a concrete step in India-Guyana economic relations, the first one million barrels of Guyanese Liza crude for Indian Oil Corporation Ltd. (IOCL) has been loaded from FPSO Liza Destiny, informed the High Commission of India in Guyana on Sunday.

Concrete step in Indo-Guyana economic relations, 1st 1 million barrels Guyanese Liza crude for @IndianOilcl loaded from FPSO Liza Destiny destination. India enhanced cooperation plus important step in the diversification of crude sourcing and future roadmap, the High Commission said in a tweet on Sunday.

Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country.

The project is located at Airoli, a growing data centre hub in Navi Mumbai, according to a statement posted on the company's website.

The world is in a very dangerous period of the COVID-19 pandemic compounded by more transmissible variants like Delta, which is continuing to evolve and mutate, World Health Organization Director-General Tedros Adhanom Ghebreyesus has warned.

He said in countries with low vaccination coverage, terrible scenes of hospitals overflowing are again becoming the norm.

Bharat Biotech says that the final efficacy analysis of Covaxin shows it to be 77.8 per cent effective against symptomatic Covid-19, through evaluation of 130 confirmed cases, with 24 observed in the vaccine group versus 106 in the placebo group.

The company claimed Covaxin is the first to report promising efficacy against asymptomatic infections based on qPCR testing that will help in reducing disease transmission.

The Delhi Disaster Management Authority (DDMA) has allowed the opening of all markets, market complexes and malls from 10 am to 8 pm from Saturday.

Market Trade Associations (MTAs) and shopkeepers of the market have been assigned the responsibility of keeping a check on strict adherence of COVID-Appropriate Behaviour (CAB) in their respective market places, violation of which would result in shutting down of the particular market immediately, Delhi government's order stated.

As many 44,111 new COVID-19 cases and 738 deaths were reported in India in the last 24 hours, said the Ministry of Health and Family Welfare on Saturday.

With 57,477 recoveries in the last 24 hours, daily recoveries continued to outnumber the daily new cases for the 51st consecutive day.

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