Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day.

India has been far more stingy than most emerging market peers in its economic response to the covid-19 crisis, and that may harm rather than help its sovereign ratings

Mint editors curate the Top 10 news and views around the world that you can savour at the start of the day.

New York-based private equity firm General Atlantic may invest around ₹10,000 crore for a 2% stake in Jio Platforms Ltd.India's largest domestic airline IndiGo is in the process of putting together a bid for bankrupt airline Virgin Australia

Passenger train will resume operations from today (12th May), with starting 15 pairs of trains.Passengers will be able to book tickets only through online medium using the IRCTC website and mobile app

PM Modi's address to the nation comes a day after his meeting with chief ministers over lockdown strategy.This will be the Prime Minister's fourth special address to the nation in the last two months

IRCTC has charted out new provisions for the cancellation, booking, RAC and other policies in the special trains.The cancellation charges will be 50% of the fare

RIL on Tuesday returned to the debt market for the second time raising a total of ₹10,060 crore through bonds of different tenors.FMCG major Nestle India Ltd reported a 13.54% rise in its net profit at ₹525.43 crore for the first quarter ended March 2020

Mint editors curate the Top 10 news and views around the world that you can savour

Mumbai, Chennai, Pune, Ahmedabad, and Thane accounted for half of all new cases over the past two days

Analysts will want to know how much of RBI's measures to boost liquidity has been taken into account and how much of the package is fresh expenditure

Details of the package announced by the FM left market participants wanting more

Debt funds with NBFC paper at the margins will benefit.Govt allocates ₹30,000 crore to buy investment-grade debt of NBFCs, HFCs and MFIs

The government on Wednesday announced a ₹90,000 crore liquidity injection into fund-starved electricity distribution companies.ABB India has reported about 26% decline in net profit to ₹66 crore in the January-March

Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day

Mumbai, Chennai, Ahmedabad, Thane and Pune have accounted for half of all new cases in the country over the past two days. Mumbai’s tally has surpassed the 15,000 mark now.

An average Indian drinks 5.7 litres of alcohol a year and  states earn over ₹2 trillion.Covid may make the attraction stronger

The government’s announcement will help employers to conserve 2% of cost to the company and aids employees by increasing their take-home by 2%..Provident fund is one of the most popular retirement savings products where people get the benefit of compounding…