ACKO Insurance has partnered with Delhi Capitals for IPL 2020 to bring a first of its kind contest -#ACKOCatchTheLogo! You have to spot the different places where the ACKO logos are visible in the stadium and visit its website to submit your answers. Winners stand a chance to meet the stars of Delhi Capitals and win team goodies, ACKO said.

The Drug Controller General of India (DCGI) has granted approval for the commercial launch of India's first CRISPR COVID-19 test 'FELUDA'. The test has been developed by the Tata Group and CSIR-IGIB (Institute of Genomics and Integrative Biology). It is the world's first diagnostic test to deploy a specially adapted Cas9 protein to successfully detect the virus causing COVID-19.

After Paytm's main app was taken down from Google Play Store, the payments company said the app will be back "very soon". "All your money is completely safe," Paytm said, adding that the users can continue to use the app normally. Paytm did not explain why the app was removed from the Play Store.

Nripendra Misra, who was the Principal Secretary to the Prime Minister during demonetisation, has revealed that PM Narendra Modi wasn't fully convinced of the idea to release new ₹2,000 notes but "went along with the consensus". "(PM) accepted the suggestion of those who felt that speedy printing of the high denomination note would increase the availability of cash," Misra added.

J&K Lieutenant Governor Manoj Sinha on Saturday announced an economic relief package of ₹1,350 crore for revival of businesses in the Union Territory. Sinha said that 50% discount will be given on water and electricity bills for a year for industrial and commercial consumers. He said 5% interest subvention will be given to borrowers from business community for six months.

State Bank of India (SBI) has extended its OTP-based cash withdrawal for ₹10,000 and above throughout the day across all SBI ATMs from today. India's largest lender had initially introduced OTP-based cash withdrawals of above ₹10,000 between 8 pm and 8 am from January 1. Customers have been requested to carry their mobile phones while transacting at SBI ATMs.

UN food chief David Beasley on Thursday called on the world's billionaires to help save around 3 crore people he said are at risk of dying if they don't receive help from the World Food Programme. "We need $4.9 billion to feed, for one year," Beasley said. Around 27 crore people are headed towards the brink of starvation, he added.

The Communications Ministry has informed the Rajya Sabha that 44.4% of state-run BSNL's mobile network equipment comes from ZTE and another 9% from Huawei. Reliance Jio does not use equipment from these two Chinese vendors in its network, the ministry added. Telecom operators have been asked to carry out a special security audit of their network by an external agency.

The world's biggest furniture brand IKEA said it will open a new global office in Bengaluru that will focus on global business operations, digital technologies and innovation. IKEA currently has such facilities in Poznan (Poland), Shanghai (China) and Baltimore (US). India's large talent pool is one of the key reasons behind selecting the location, the Swedish furniture giant said.

Goldman Sachs has estimated a 14.8% contraction in India's gross domestic product (GDP) for the current fiscal year. Meanwhile, rating agencies Moody's and Fitch see the Indian economy contracting 11.5% and 10.5% in 2020-21, respectively. India's economy contracted by 23.9% in the April-June quarter, the biggest decline since quarterly records began in 1996.

The Calcutta High Court has restrained Harsh Vardhan Lodha from holding any post in the ₹25,000-crore MP Birla Group's companies. The Birla family and Lodhas have been engaged in a 16-year-old legal battle over the validity of MP Birla's late wife Priyamvada Birla's will. She gave control of the group to her accountant and Harsh Vardhan Lodha's father RS Lodha.

The Shapoorji Pallonji (SP) Group has sent a notice to the board of Tata Sons challenging its move to block the group from pledging its shares to raise funds. The board has three days to respond, failing which the Mistry family will seek damages for the harm inflicted, a spokesperson said. The SP Group holds 18.4% stake in Tata Sons.

The Supreme Court on Friday rejected SBI's petition to allow a personal bankruptcy case against Anil Ambani to resume in connection with a ₹1,200-crore personal guarantee that he had given to the bank for loans to his companies. It directed the Delhi High Court to decide on Ambani's challenge to certain provisions of the Insolvency and Bankruptcy Code.

Australian carrier Qantas has said that its scenic 7-hour 'flight to nowhere' scheduled for October 10 sold out within 10 minutes. Qantas will use a Boeing 787 plane for the flight from Sydney that will fly at low levels over landmarks including Uluru, the Great Barrier Reef and Sydney Harbour before landing back in Sydney. Tickets cost between ₹42,200-₹2,03,000.

The outstanding debt of the central government crossed ₹100 lakh crore for the first time at the end of June. A quarterly report by the Department of Economic Affairs showed that total liabilities increased to ₹101.3 lakh crore from ₹94.6 lakh crore as of end-March. Public debt, which doesn't include public account liabilities, accounted for 91.1% of total outstanding liabilities.

Ex-White House economic adviser Todd Buchholz said that a large population and continuing reforms will help India overcome the economic downturn. "Unlike China which has hit a giant brick wall on demographics, India is not facing that," he said. "Those investors who were lining up to invest in India in January 2020 will do so in 2021 also," Buchholz added.

New Zealand has entered a recession after its GDP contracted by 12.2% in the second quarter, the highest decline on record, due to a coronavirus lockdown, according to the official data. It is the country's first recession since 2010. However, economists estimate the country's economy to recover in the third quarter as the coronavirus outbreak is brought under control.

The ED has attached three hotels of the FabHotels group, worth around ₹100 crore, in Delhi in the PMC Bank fraud case. The three hotels are owned by Libra Realtors, Dewan Realtors, Rakesh Wadhawan and others. It was found that Libra Realtors and Dewan Realtors fraudulently obtained ₹247 crore from PMC Bank in the guise of loans, the agency said.

India has said that it will demand foreign firms working on government-run projects to use more locally produced materials. Firms in countries which don't allow Indian companies to participate in government projects can't tender bids for Indian government projects, an order said. All administrative divisions have been asked to notify the commerce ministry of projects valued above ₹1,000 crore.

Fitch Solutions has revised its forecast for fuel demand in India to a 11.5% contraction in 2020, from a 9.4% contraction earlier. It said that both consumer and industrial fuels are set for the "steep decline". The agency has also estimated that India's GDP will contract by 8.6% in 2020-21, from its earlier forecast of a 4.5% contraction.

Tamil Nadu CM Edappadi K Palaniswami has urged IT Minister Ravi Shankar Prasad to allot 10,000 seats under the India BPO Promotion Scheme to the state. Tamil Nadu has provided 7,705 seats in Software Technology Parks of India, Chennai jurisdiction to the BPO industry, he said. The success rate in terms of commencement of operations is over 93%, he added.

Domestic brokerage house Angel Broking has said that it will open its ₹600 crore initial public offering (IPO) on September 22. The company has fixed a price band of ₹305-306 per share for the IPO that will conclude on September 24. The offer comprises a fresh issue of ₹300 crore and an offer for sale aggregating to ₹300 crore.

NITI Aayog CEO Amitabh Kant has said that the privatisation of trains will create a "win-win situation" for the Railways and investors by tapping into the potential of "unmet demand in passenger business". The government's plan to offer private players to operate 109 pairs of routes through 151 modern trains is the "first-of-its-kind initiative" in India, he added.

Rajya Sabha has passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 by voice vote. The bill seeks to suspend initiation of fresh insolvency proceedings against companies for at least six months to one year, starting from March 25, amid COVID-19 pandemic. Finance Minister Nirmala Sitharaman said IBC's intention is to keep companies a "going concern", not liquidating them.

US-based Rosen Law Firm has filed a class action lawsuit against HDFC Bank alleging that its investors suffered losses because they were misled. HDFC Bank's outgoing MD Aditya Puri, CEO-designate Sashidhar Jagdishan and Company Secretary Santosh Haldankar were named in the suit. It was filed on behalf of people who purchased HDFC Bank securities from July 31, 2019-July 10, 2020.