 | The second wave will be tougher than we thoughtIt’s a full blown coronavirus second wave the country is facing; and its debilitating impact on economic recovery and peoples’ lives is being underestimated. |
 | Five start-ups turn unicorns in just a week, raise cumulative USD 1.2 billionIn the middle of a resurgent pandemic, with the country gradually shutting down once again, it has been raining unicorns. |
 | Long lockdowns could derail divestment plan for current financial year, fears CentreThe official added that the issue will be discussed in detail next week, when Union finance minister Nirmala Sitharaman is likely to hold a meeting on the progress made on the divestment front. |
 | Swift dethrones the Alto as top-selling PV in FY21Sales of the Alto, which retained the number one position in the top-selling PVs chart for 16 straight years, has now fallen below that of the Baleno and Wagonr. |
 | Shriram Properties files IPO draft papersAccording to reports, the company had filed the draft red herring prospectus (DRHP) on Friday. |
 | Shriram Properties files draft papers with Sebi to launch Rs 800 crore IPOOut of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale. |
| Insolvency and Bankruptcy Board of India notifies rules for new pre-packaged resolution processThe rules specify that the resolution professional and all partners and directors of the insolvency professional entity have to be independent of the debtor. |
 | RAI seeks central system to ensure stable retail ops'We need a centralised framework that allows for the non-discriminatory operations of all formats of retail and time-bound resolutions.' |
 | JSW Group to offer guidance to sports start-upsAccording to JSW Sports, the partnership will mentor startups working with sports data, gaming and e-sports, and create a holistic ecosystem for them. |
| Borrowing via G-Secs at 11-month highCare’s chief economist Madan Sabnavis noted that the higher-than-notified borrowing comes in the wake of an earlier Rs 10,000 crore auction almost fully devolving. |
 | RBI likely to hold interest rates through FY22: Fitch“We had initially expected another policy rate cut to arrest the rise in government bond yields since the Union Budget announcement in February. |
| Direct tax inflow beats revised estimatesWhile direct tax collections for FY21 were 5% higher than expected, they are 10% lower than the previous fiscal |
 | European Union reviews J&J clot link, widens AstraZeneca probeThe European Medicines Agency (EMA) said four "serious cases" of unusual blood clots had been reported with the Johnson & Johnson vaccine. |
 | The Pfizer/BioNTech Covid vaccine bet that paid offThe downside is that the doses must be kept at ultralow temperatures, though Pfizer has managed to demonstrate that its vaccine can be kept up to two weeks at less intense cold. |
 | Retailers' body urges for centralised framework for operations amid rising COVID casesRAI asserted that what will help 'break the chain' is avoiding crowding and following safety and social distancing protocols. |
